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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 812   View pdf image (33K)
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832 CURRENCY. [ART. 29.

1904, art. 29, sec. 4. 1888, art. 29, sec. 4. 1860, art. 32, sec. 4. 1841, ch. 321, sec. 1.
4. No person or association of persons or corporation, except the
bants of this State, shall issue or put in circulation as currency any
promissory note, order, bill, evidence of debt, or other paper security;
and any person so offending shall forfeit and pay twenty dollars for
each offense.

Ibid. sec. 5. 1888, art. 29, sec. 5. 1860, art. 32, sec. 5. 1841, ch. 321, sec. 2.

5. No person or association of persons shall pay out, pass or cir-
culate any such promissory note, hill, order, evidence of debt or other
paper security, under the penalty of twenty dollars for each offense.

Ibid. sec. 6. 1888, art. 29, sec. 6. 1860, art. 32, sec. 6. 1841, ch. 321, sec. 3.

6. No ordinary keeper, trader or retailer or other person who buys
and sells under a license issued under the laws of this State shall issue,
pay out or receive any such bill, note, order, evidence of debt or paper
security as are referred to in the two preceding sections, upon pain of
forfeiting his license; and no new license shall be granted to any person
convicted of violating this section.

Ibid. sec. 7. 1888, art. 29, sec. 7. 1860, art. 32, sec. 7.
1841, ch. 321, sees. 5, 6.

7. No person shall be liable to the penalties imposed in sections 4.
5 and 6, who can show that the note or evidence of debt he issued,
passed or received was a real bona fide evidence of debt and not intended
to circulate as money; nor shall anything contained in the said sections
apply to the issues of the banks of this State or to the lawful issues of
banks chartered by another State, district or territory.

Ibid. sec. 8. 1888, art. 29, sec. 8. 1860, art. 32, sec. 8. 1841, ch. 321, sec. 4.

8. The preceding sections in relation to the issuing or circulating
of promissory notes, orders, bills, evidences of debt and other paper
securities shall receive a liberal interpretation to suppress the mischief,
and any note, bill, order or other writing designed or used as money or
currency shall be considered a paper security within the meaning of
the said sections; and the forfeitures imposed in said sections shall be
recovered before a justice of the peace as small debts, one-half to the
informer and the other half to the State.

Ibid. sec. 9. 1888, art. 29, sec. 9. 1860, art. 32, sec. 9. 1818, ch. 191.

1820, ch. 150, sec. 1. 1823, ch. 147. 1841, ch. 302. 1842, ch.

251, sec. 4. 1844, ch. 111. 1852, ch. 235, sec. 1

9. It shall not be lawful for any person, firm or association of per-
sons, corporation or body politic to pay out, circulate or receive in pay-
ment of any debt any bank note, promissory note or other obligation
payable to bearer, or endorsed in blank or to bearer, or any other note.

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 812   View pdf image (33K)
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