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THOMAS SIM LEE, Esq; Governor.
much of the continental money shall not be brought in to the commissioner
to be
exchanged, as that the balance of the new money, after appropriating four
tenths
to the use of congress, shall not be sufficient to redeem the act of assembly
and
convention money which may be brought in in virtue of this act, that then
the
commissioners shall give a certificate for the assembly and convention
money so
brought in, to be redeemed as soon as there shall be new money signed in
the
office to be appropriated by this state. |
1780.
CHAP.
V. |
IV. And be it
enacted, That the continental commissioner shall keep an account
of the names of all persons who may bring in bills to be exchanged, and
the sums each person may bring in, and shall administer, to any person
who may
bring in any continental bills to be exchanged, on or before the first
day of March
next, an oath (or affirmation, if a quaker, menonist or dunker) that such
person
is a subject of this state, and bonâ fide the possessor and
proprietor of the bills by
him offered to be exchanged, or that he is bonâ fide trustee
for some subject of
this state for the purpose of exchanging the bills by him offered; and
the said
commissioner shall grant a certificate, if required, to any person who
may bring
money as trustee to be exchanged. |
Commissioner
to keep an account,
&c. |
V. And,
for the convenience of the subjects of this state, inhabitants of the
eastern shore, Be it enacted, That
the continental commissioner shall send to the
treasurer of the eastern shore one hundred and fifty thousand dollars of
the said
new bills, signed by him, which said bills shall be there signed by commissioners
to be appointed by the governor and council, and shall be, by the treasurer
of the
eastern shore, exchanged for any continental bills of credit, or bills
emitted by
acts of assembly under the old government, or resolves of convention, brought
in
by any inhabitants of the eastern shore, or trustee as aforesaid, agreeable
to the
directions of this act, on or before the fifteenth day of March next; and
if any
balance should remain in the hands of the said treasurer on that day, he
shall,
with all convenient dispatch, thereafter transmit the same to the said
continental
commissioner, and also an account of the sums by him received, and the
persons
from whom received. |
To send fifty
thousand dollars
to the
treasurer of
E. shore, &c. |
VI. And,
for the security of the said continental commissioner, Be
it enacted,
That the said bills shall be sent to the treasurer of the eastern shore
under such
guard as the governor and council shall direct, and this state will indemnify
the
said commissioner against any loss of the said bills which may happen by
such removal;
and the said treasurer shall administer the oath or affirmation, as aforesaid,
to any person requiring him to exchange any of the said continental bills
of
credit. |
Under guard,
&c. |
VII. And be
it enacted, That four tenths of the said new bills shall be subject
to the order of congress, and six tenths of the said new bills shall be
applied
to exchanging our quota of the continental money, and the money issued
by act
of assembly under the old government, or resolves of convention; and so
much
of the six tenths of the new continental bills as shall remain after exchanging
our
quota of the continental bills of credit, and our money issued under the
resolves of
the convention and acts of assembly under the old government, shall be
retained
by the treasurer of the western shore in his office, subject to be exchanged
for the
bills of credit emitted under the act to enable the treasurer of the western
shore to
draw and sell bills of exchange, and for an emission of bills of credit,
if necessary,
to any person or persons applying for the same. |
How the new
bills are to be
applied. |
VIII. And be
it enacted, That so many of the last mentioned bills of credit
which may be brought in by exchange, and any money which may hereafter
be
paid into the treasury, for or on account of bonds due from the inhabitants
of this
state, shall be retained by the treasurer in his office, so that the sum
to be emitted
in virtue of this act shall not, with the sum issued under the aforesaid
act to enable
the treasurer of the western shore to draw and sell bills of exchange,
and for
an emission of bills of credit, if necessary, exceed the sum recommended
by congress
to be issued. |
Bills brought
in to be retained,
&c. |
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