The form, denomination, and signers, of

the notes.

ity aforesaid, That the treasurer of this colony for the time being, appointed as aforesaid, shall, as soon as the same can be conveniently done, after the first day of December next ensuing, take in all such treasury notes as have been emitted pursuant to an act of Assembly made in the twenty-ninth year of his present majesty's reign, intituled, An act for raising the sum of forty thousand pounds for the protection of his majesty's subjects on the frontiers of this colony: Also one other act passed at the first session of this present General Assembly, intituled, An act for raising the sum of twenty-five thousand pounds for the better protection of the inhabitants on the frontiers of this colony, and for other purposes therein mentioned: And one other act passed at the last mentioned session, intituled, An act for amending the several acts for making provision against invasions and insurrections, and for amending and explaining an act passed this present session of Asssembly, intituled, An act for raising the sum of twenty-five thousand pounds for the better protection of the inhabitants on the frontiers of this colony, and for other purposes therein mentioned: And the said treasurer shall pay unto the proprietor or proprietors of such treasury notes, respectively, the sum for which the same were issued, with interest thereon after the rate of five per centum per annum, from the date thereof to the said first day of December next ensuing.

XXV. And be it further enacted, That it shall and may be lawful for the said treasurer or the treasurer for the time being, appointed as aforesaid, to issue and emit treasury notes to answer the demands that shall be made upon him for the former notes so to be taken in, which several notes to be issued in pursuance of this act shall be prepared, printed and engraved, in such form and after such method as the said treasurer shall judge will be most safe from counterfeits and forgeries. And six thousand of the said notes shall be of the value or denomination of ten pounds, and shall be signed by Peyton Randolph, esquire, and Robert Carter Nicholas, gentleman: Six thousand of the said notes of the value or denomination of five pounds, and shall be signed by the said Peyton Randolph, esquire, and Robert Carter Nicholas, gentleman: Six thousand of the said notes of the value or denomination of three pounds, and shall be signed by the said Peyton Ran

dolph, esquire, and Robert Carter Nicholas, gentleman: Six thousand of the said notes of the value or denomination of two pounds, and shall be signed by the said Peyton Randolph, esquire, and Robert Carter Nicholas, gentleman: Thirty thousand of the said notes of the value or denomination of twenty shillings, and shall be signed by Benjamin Waller and Philip Johnson, gentlemen: Thirty thousand of the said notes of the value or denomination of ten shillings, and shall be signed by the said Benjamin Waller and Philip Johnson. Thirty thousand of the said notes of the value or denomination of five shillings, and shall be signed by John Randolph, esquire: Thirty thousand of the said notes of the value or denomination of two shillings and six-pence, and shall be signed by the said John Randolph, esquire. Thirty-three thousand of the said notes of the value or denomination of one shilling and three pence, and shall be signed by Edmund Pendleton, gentleman: Thirty-three thousand of the said notes of the value or denomination of one shilling, and shall be signed by the said Edmund Pendleton, gentleman.

absent.

XXVI. And be it further enacted, by the authority Where any aforesaid, That in case of the death or absence of any of the signof them the said Peyton Randolph, Robert Carter Ni- ers die or are cholas, Benjamin Waller, Philip Johnson, John Randolph, or Edmund Pendleton, before all the treasury notes shall be signed which are herein required to be signed by such person, in that case it shall and may be lawful for the said John Robinson or the treasurer for the time being, appointed as aforesaid, to appoint some other person to sign such notes in the room of him so dead or absent, which signing shall be as effectual to all intents and purposes as if such notes were signed by the persons herein named, and public notice of such alteration shall be given by the treasurer in the Virginia Gazette for three weeks after such alteration shall take place.

notes, and

XXVII. And be it further enacted, That John Pal- Persons apmer, William Waters, and George Davenport, gentle pointed to men, shall, and they are hereby appointed to overlook number the the press during the time of printing the notes to be overlook the issued pursuant to this act, who shall use the best of press. their care, attention, and diligence that the number and amount of the said notes, according to their respective denominations aforesaid, be not exceeded, nor

ance.

any fraudulent practice used by the printer, his servants, or any person concerned therein, and shall number and deliver such notes, when printed, to the persons appointed to sign the same respectively, taking his or their receipt for the same, from time to time; and that each of them shall have for their trouble therein the sum of fifty pounds, to be paid them by the treaTheir allow surer for the time being: And the persons so appointed to sign the said notes shall deliver them, when signed, to the treasurer for the time being, appointed as sforesaid, and take his receipt for the same; and each signer shall receive of the said treasurer twenty shillings for every thousand of the said notes by them respectively signed and delivered as aforesaid; and the said treasurer shall be allowed one per centum upon all the said notes by him paid away, as his salary for paying the same, and taking in the old notes as aforesaid.

The old notes to

cease being current after the first of

December next.

XXVIII. And be it further enacted, by the authority aforesaid, That all the treasury notes which have been emitted pursuant to the herein before recited acts of Assembly shall, from and after the said first day of December next, cease to be current in this colony, and shall from thenceforth become null, void and of no effect. And that Peyton Randolph, esquire, Benjamin Waller, Robert Carter Nicholas, Dudley Digges, and Philip Johnson, gentlemen, or any three of them be, and they are hereby appointed a committee to examine all such old notes as shall be taken in by the said treasurer pursuant to this act, who having duly examined the same shall cause them to be burnt and destroyed in their presence, aud shall give the treasurer a certificate of the whole amount of such notes, with the interest thereon, which certificate shall be to all intents and purposes as good and effectual in the settlement of his accounts, as if he produced such notes: -And the said committee, shall in like manner, from time to time, examine all such notes to be issued in pursuance of this act, as the treasurer for the time being shall be willing to deliver up, and upon receipt thereof to give him a certificate for the amount of such notes, which shall avail the said treasurer in the settlement of his accounts as effectually as if he produced notes for the same; and the said committee are hereby required, as soon as they have given such certificate, to cause such notes to be burnt and destroyed.

of the new

notes.

XXIX. And be it further enacted, That all notes so The time of to be issued in pursuance of this act shall be redeema- redemption ble on the first day of March, one thousand seven hun- notes, and dred and sixty five, and shall then be paid by the trea- their credit. surer for the time being. And further, that all such notes shall be received and pass as a lawful tender in payment of any debt, duty, or demand whatsoever (except for the payment of his majesty's quit-rents) from the time of issuing such notes until the time before specified for the redemption thereof at the treasury, as aforesaid. And if any person or persons, within this colony, shall, during the time the said trea- Penalty for sury notes are to remain current, as aforesaid, offer depreciating to sell or expose to sale any goods or chattels, lands or tenements whatsoever, and shall deny or refuse to sell the same, or demand a greater price unless he be paid for the same in gold or silver coin, and not in the said notes; or if any person or persons shall exchange gold or silver coin for the said bills, and demand or take any allowance for the difference of the value thereof, or shall offer to buy or sell bills of exchange at a greater or higher difference of exchange for the said treasury bills than for gold or silver coin, or shall use any other device, means, or method whatsoever, whereby the credit of the said notes may be impaired, every person so offending shall forfeit and pay after the rate of twenty per centum upon the value of the goods or chattels, lands or tenements, so offered or exposed to sale, or of the money so exchanged, or of the bills of exchange, so bought or sold, to be recovered by the informer, to his own use, before any justice of the peace, where the penalty does not amount to more than twenty-five shillings, and where it shall exceed that sum the said penalty shall be one half to our lord the king, for the public use, and to be paid to the treasurer aforesaid, or the treasurer for the time being, appointed as aforesaid, and disposed of as the General Assembly shall direct, and the other half to the informer, and shall and may be recovered, with costs, by action of debt or information, in any court of record within this colony.

XXX. And be it further enacted, by the authority Death to aforesaid, That if any person or persons shall forge counterfeit, or counterfeit, alter or erase any such treasury note, &c. them. or shall tender in payment, by way of barter or otherwise, to any person whatsoever, or shall demand a re

The security for their redemption.

Method of

collecting in the Northern neck.

the land-tax

demption of any such note at the treasury, knowing the same to be forged or counterfeited, altered or erased, every such person so offending, if lawfully convicted, shall be adjudged a felon, and shall suffer as in cases of felony, without benefit of clergy.

XXXI. And be it further enacted, That the money to be raised by the duties and taxes, imposed by this act and the herein before recited acts, shall stand, be, and remain as a security for the redemption of the said treasury notes so to be issued; and the said John Robinson, or the treasurer for the time being, appointed as aforesaid, is hereby required to apply all such money as shall come to his hands by virtue of this and the said recited acts, for, and towards the redemption of the said treasury notes, and to no other use, intent, or purpose whatsoever.

XXXII. And whereas the method of collecting the land-tax, imposed by the said recited acts, from the proprietors of land within the territory of lord Fairfax, hath been found ineffectual, Be it further enacted, That so much of the said recited acts as directs the said proprietors to render an account of the quantity of lands by them respectively held to the sheriff of their county annually, be, and the same is hereby repealed: And that for the future every such proprietor shall, at the times, and under the penalty by the said acts respectively appointed for that purpose, deliver such account of the quantity of land by him held, according to the quantity for which he has annually held the same, to the clerk of his county court who shall transmit a copy thereof to the treasurer, and deliver another copy to the sheriff or collector, in manner, and under the penalty herein before directed for the collection of the land-tax hereby imposed; and the sheriff or collector shall collect, levy, and account for the said taxes according to the accounts so delivered to him, and the directions and regulations in the said recited acts mentioned; and where the sheriff or collector shall discover that any person holds lands within the said territory of which no account is rendered, as aforesaid, such sheriff or collector is hereby required to collect and levy the land-tax, imposed by the said former acts, from such proprietor, and account for and pay the same in the same manner as if an account of the said land had been rendered, as aforesaid.