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An Act for calling out of Circulation
An Act for calling out of Circulation certain Bills of Credit emitted by Act
of Assembly.
of Assembly.                                                 [in pencil]  Mar 13  1780
Whereas from the scarcity of Specis and the
Whereas from the scarcity of Specis and the want a proper Medium of Trade and for the payment of the Public Debt Bills of Credit to the amount of One hundred and
the payment of the Public Debt Bills of Credit
seventy three thousand seven hundred and and seventy three Dollars were emitted and made Current by virtue of the Act entitled "An Act for the payment of the public
seventy three thousand seven hundred and
"claims for omitting Bills of Credit and for other purposes therein mentioned, "And it is now thought proper that the said Bills of Credit be called in and the holders
made Current by virtue of the Act entitled
thereof paid for the same.  Be it enacted by the General Assembly of Maryland that the Bills of Credit emitted by virtue of the said Act shall be and are hereby required to be brought in and delivered to the Treasurer of the Western Shore on or before the first day of June who shall lock them up in The Iron Chests or other safeplace which which Bills of Credit shall be counted and burnt by a Committee of both Houses of Assembly to be appointed at the next Session after the said first day of June next.  And be it enacted that all Bills of Credit emitted by virtue of the said Act which shall not be brought in and delivered to the Treasurer aforesaid on on or before the said first day of June next shall be ever hereafter irredeemable.  And whereas by the said Act entitled "An Act for the "payment of the public Claims for emitting Bills of Credit and for other purposes therein "mentioned", passed at a Session of Assembly begun and held at the City of Annapolis on Saturday the first day of November in the in the year seventeen hundred (1766) and sixty six it was among other things enacted that Bills of Credit of the denomination of Dollars and aliquot parts of a Dollar to the amount of One hundred and Seventy three thousand seven hundred and seventy three Dollars should be printed and struck and that the Bearer of any the said Bills should be entitled to receive Bills of Exchange payable in London at the rate of four shillings and six [word off page] pence sterling per Dollar for any of the said Bill and that his Lordship th [word off page] right Honourable the Lord Proprietary or the Governor or Commander in [word off page] of this Province for the time being at some time between the twenty fifth day of March
"claims for omitting Bills of Credit and for
                                                                                      and
it is now thought proper that the said Bills
thereof paid for the same.  Be it enact
Maryland that the Bills of Credit emitted
are hereby required to be brought in and
Western Shore on or before the first day of
The Iron Chests or other safeplace which
burnt by a Committee of both Houses of
next Session after the said first day of
that all Bills of Credit emitted by virtue of
and delivered to the Treasurer aforesaid on
shall be ever hereafter irredeemable.  And whereas
"payment of the public Claims for emitting Bills
"mentioned", passed at a Session of Assembly
on Saturday the first day of November in the
six it was among other things enacted
Dollars and aliquot parts of a Dollar to the
three thousand seven hundred and seventy
struck and that the Bearer of any the said
Bills of Exchange payable in London
pence sterling per Dollar for any of the  
right Honourable the Lord Proprietary
of this Province for the time being at some time

Latest revision as of 18:11, 13 August 2019

An Act for calling out of Circulation certain Bills of Credit emitted by Act of Assembly. [in pencil] Mar 13 1780 Whereas from the scarcity of Specis and the want a proper Medium of Trade and for the payment of the Public Debt Bills of Credit to the amount of One hundred and seventy three thousand seven hundred and and seventy three Dollars were emitted and made Current by virtue of the Act entitled "An Act for the payment of the public "claims for omitting Bills of Credit and for other purposes therein mentioned, "And it is now thought proper that the said Bills of Credit be called in and the holders thereof paid for the same. Be it enacted by the General Assembly of Maryland that the Bills of Credit emitted by virtue of the said Act shall be and are hereby required to be brought in and delivered to the Treasurer of the Western Shore on or before the first day of June who shall lock them up in The Iron Chests or other safeplace which which Bills of Credit shall be counted and burnt by a Committee of both Houses of Assembly to be appointed at the next Session after the said first day of June next. And be it enacted that all Bills of Credit emitted by virtue of the said Act which shall not be brought in and delivered to the Treasurer aforesaid on on or before the said first day of June next shall be ever hereafter irredeemable. And whereas by the said Act entitled "An Act for the "payment of the public Claims for emitting Bills of Credit and for other purposes therein "mentioned", passed at a Session of Assembly begun and held at the City of Annapolis on Saturday the first day of November in the in the year seventeen hundred (1766) and sixty six it was among other things enacted that Bills of Credit of the denomination of Dollars and aliquot parts of a Dollar to the amount of One hundred and Seventy three thousand seven hundred and seventy three Dollars should be printed and struck and that the Bearer of any the said Bills should be entitled to receive Bills of Exchange payable in London at the rate of four shillings and six [word off page] pence sterling per Dollar for any of the said Bill and that his Lordship th [word off page] right Honourable the Lord Proprietary or the Governor or Commander in [word off page] of this Province for the time being at some time between the twenty fifth day of March

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