HORATIO SHARPE, Esq; Governor.
correspond with the trustees in London, who are directed
to invest all dividends in capital stock, and annually
to transmit the committee an account of matters relative to their own trust.
For the redemption of this emission,
the lord proprietary, or the governor for the time being, is empowered,
between the 25th of March and the 25th of June, 1777, to appoint a commissioner,
who, with his
clerk, is to take the oaths, and give security in the same manner as the
former commissioners and their
clerk. He is then to take possession of the repository, and of one
of the iron chests, not being that which
shall contain the bills; and, between the said 25th of June and the 25th
of December following, he is to
receive such bills as shall be brought to his office, and, in exchange
thereof, to draw bills, payable at forty
days sight, upon the trustees in London, directing therein, that the money
paid shall be placed to the account
of the provinces. He may likewise draw for the sum of £. 50
sterling, as his own allowance, and
for £. 30 sterling, the allowance to his clerk. The trustees,
upon sight, are required to accept these bills,
and to sell out so much stock as will enable them to make punctual payment.
The commissioner is further directed, to deposit in
his iron chest, all the bills of credit he shall receive,
and to keep a fair account of his acts to be laid before a committee of
both houses, to be appointed at the
first meeting after the said period of redemption. And this committee is
to county, burn and destroy, all
the bills which shall be found in either of the chests.
N. B. Whether this scheme was
pregnant with more advantages than inconveniencies has not been
proved by experience, because the period of redemption arrived since the
revolution, and a different kind
of redemption has since taken place.
An ACT to enable the commissioners of the office for emitting bills
of credit to
purchase stationary-ware necessary for the use of the
upper and lower houses of
assembly, and for other purposes therein mentioned.
They are empowered to take into their
custody all bills of exchange returned protested, or which shall
be returned, by the trustees in London; and, in the name of the former
commissioners who remitted them,
or of the survivors, to demand and sue for the money due by such protest.
Out of the first of this money
which they shall receive, they are to lay out in London, £. 25 sterling,
including commission and charges,
in the purchase of certain stationary. For their trouble they shall
receive at the rate of five per cent. on
the bills so to be negotiated, and may pay themselves out of the case lying
in the repository; but if that be
insufficient, they may retain out of the money which they shall receive
on protested bills, the residue of
which they are to remit to the trustees, to be invested in bank stock.
They are, moreover, empowered
to sue for all money which ought to have been paid to the former commissioners,
and when recovered, to
retain thereof five per cent. and they are to remit the balance to be invested
|At a SESSION of ASSEMBLY, begun and held
at the city of ANNAPOLIS, on Tuesday the twenty-fourth
day of May, in the 18th year of the dominion
of the Right Honourable FREDERICK, absolute lord
and proprietary of the provinces of Maryland and
Avalon, lord baron of Baltimore, &c. and ended the
twenty-second day of June, anno domini 1768:
following laws were enacted.
HORATIO SHARPE, Esq; Governor.
An ACT for the adjournment and continuance of Talbot, Baltimore, and
Viz. From the first and second
Tuesdays in June, to the same days in August next.
An ACT to enable Mary Darnall, an infant, to enter into and accept
of a marriage
settlement and agreement. PR.
An ACT to remedy some inconveniencies arising from the loss of some
in St. Mary's county court.
Several dockets and original papers
having, in the month of March last, been consumed by a fire, in
the house of Mr. Owen Allen, the deputy clerk; to remedy the mischiefs
arising from this accident, the
chief justice of the county, and the several attornies practising in that
court, are required to deliver to the
clerk the dockets which the said clerk or his deputy made out for them
of the business of those terms, the
clerk's dockets of which have been so destroyed.
In every case wherein the proceedings shall appear,
from the said dockets, or from execution having
already issued, to have been brought to a determination, the clerk is to
make and enter among the records
an abstract thereof, and, in so doing, he shall take care to give preference
to executions already