| 1784.
CHAP.
LIV. |
LAWS of MARYLAND.
adjournments of the magistrates of the said counties, in the same manner
as if
no change had been made in the time of holding the said courts. |
Process, &c.
continued,
&c. |
III. And be
it enacted, That all process, pleas and proceedings, civil and
criminal, issued or depending in the courts aforesaid, shall be continued,
and shall
be returned and returnable, to the days and times above specified,
in the several
counties respectively, any thing in any former law to the contrary
notwithstanding. |
Business to be
done at June
court, &c. |
IV. And be it
enacted, That the particular business directed by acts of assembly
heretofore made to be done at the August and November courts in the
counties of Saint-Mary's, Calvert, Charles and Prince-George's, shall
hereafter
be transacted and done at the June and September courts respectively;
and the
business directed by law to be done at the October court in Talbot
county, shall
hereafter be done and transacted at the November court, any law heretofore
made
to the contrary notwithstanding. |
|
CHAP. LV.
An ACT to establish funds to secure the payment of the state
debt within six years, and for the punctual payment
of the annual
interest thereon. |
| Preamble. |
WHEREAS justice and policy require that this state
ought, on all occasions,
most inviolably and religiously to preserve its plighted faith
and honour, and to use every means in its ability and power to comply
with its engagements to its creditors, without any discrimination,
preference
or deduction, and to provide sufficient funds to secure the payment
of all debts
due from the public, within such reasonable time as the circumstances
of the
people will permit, and if possible annually to discharge part of the
principal of
the public debt, and at all events the interest accruing thereon, |
Funds to be
consolidated,
&c. |
II. Be it enacted,
by the general assembly of Maryland, That all the present
funds belonging to this state, consisting of all confiscated British property
unsold,
and not specifically reserved subject to the disposal of the general assembly,
and
all debts for confiscated British property sold, and all other debts on
bond (except
only as herein after excepted,) and all arrearages of taxes due this state
before
the first day of January, seventeen hundred and eighty-three, shall be
and hereby
are consolidated and made a general and aggregate fund, and are hereby
pledged
to all the creditors of the state, for the payment of the principal of
their debt on
or before the first day of January, seventeen hundred and ninety, and for
payment
in the mean time of the interest of six per cent. annually, to commence
on the
first day of January, seventeen hundred and eighty-five. |
| Bonds to be |
III. And be
it enacted, That the bonds taken or to be taken and lodged in
the treasury before the first day of June next, for property heretofore
sold, and
payable in specie only, by the act or acts under which such property hath
been
sold, and where the money is due or may be due before the first day of
January,
in the year seventeen hundred and eighty-six, and so many of the bonds
lodged
or to be lodged before the first day of June next in the treasury, for
payment of
the two emissions of June, seventeen hundred and eighty, as may be necessary
to
ensure the redemption of the said bills, shall be laid apart and kept separate
for
the purpose of redeeming those two emissions. |
To be listed,
&c. |
IV. And,
if the bonds lodged or to be lodged and laid apart as aforesaid, shall
not be sufficient to redeem the said two emissions, to provide for such
deficiency,
Be it enacted, That so many of the
bonds lodged or to be lodged before the said
first day of June in the treasury, for the redemption of the emission of
May,
seventeen hundred and eighty-one, and so many of the bonds which may in
virtue
of this act be taken for property already sold and not bonded, for the
redemption
of the said emissions of June, seventeen hundred and eighty, and May,
seventeen hundred and eighty-one, as will be sufficient with the bonds
taken for
the redemption of the emissions of June, seventeen hundred and eighty,
lodged |
|
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