Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1837-07-06

distress, or making such sale, 10 receive pays
ment OF the debt, interest and costs in the
notes oi the Banks OF this Commonwealth.
that may be at the time of such payment re-
ceivahle for taxes or other public dues
z lad De IL further enGcied, That il any
execution or distress shall! have been levied,
but no sale made Of the property taken, before
inns act takes effect, The officer ar persons
making such levy shall not prucc@.i 10 sell the
property so taken, unless lie be authorised a.
aforesaid 10 receive in discharge ol the debt,
interest," and costs Ia he raised by such levy,
the notes Of the banks of this Common " eallh
'hat are or may he receivable for taxes and
public dues, and should such authority be not
gwen alter ten days notice To the party or
i''r'ies' his, her ar their agent, attorney or
representative. the property 81 levied ON shall
oe returned 10 the party from whose possess
sl"n II may have been taken: Provided, ho,c-
ccer, That new execution or distress may
thereafter he issued and levied in like mans
ner as ii no su,hlevy had heretofore been
made.
s. IND be al further enacted. That no sale
shall he made under any deed OF trust unless
the party or parties ior whose benefit il is a.
bout To he made, his, her or their agent, at
iorney or representative, will agree before
such sale, Ia receive the notes of the banks
"'N'NS"A' h OI tnc utOi, lnlcT est anu
cos's 1" be raised by such sale, aud 1t any
such sale shall he ma,ie, the ,ui chaser or rur.
chasers shall he entitled To discharge the
purchase money 10y the payment ofthe notes
oil The banks aforesaid.
4. ind be IL further enucied, That all per-
sons responsible for any demands Of the Com.
In,n eal,h, and of the Board of Public
Works, and Of The President and Directors
of the Literary Fund, on any ludsmen; or
decree or for any fine, penalty or amerce-
ment, or on any recognizdnce, bond, con-
tract or deed of trust, shall he and they are
hereby authorized during the continuance OF
tins act, 10 discharge any such demand by
the payment thereof in the notes of the Banks
at this Commonwealth that at the tune al
such payment or tender of such payment
thall he receivable for taxes anil other pub.
lie dues Provided, hotceuer, That all rxc>
cuiions, may he levied nnh sales made rs
heretofore, If the security or securities for the
money due on said execution, desire The lie
W or sale, unless the principal debtor shall
enter into bond with good security, payable
io the security or securities aforesaid, condi-
toned 10 indemnify him, her or them, az ainst
all loss that he, she or they may sustain by
reason -of his, her or their security ship Tor the
money due on said execution and il shall
he lawful for the sheriff or other officer 10
take the bond aforesaid, at any time before
the sale under the execution and upon The
. execution Of said bond, he shall return the
property 10 The party, az is required in the
second section Of this act, and return the
hond Ia the office from which the execution
issued for the benefit Of The said securities.
D. This act shall commence and he in force
from the passing thereof, and continue 10
force until the first day of April, ia the year
one thousand eight hundred and thirty eight
and no longer.
I'm act concerning the States proportion Of
the Surplus Revenues offhe United States
and for other purposes
Passed } une "a, 1887
i. BE al endcied by The General Hssembly,
That The Treasurer of the Common wealth
shall pay the subscriptions of the State which
he il directed 10 make to the increased CAPT
tai eat the North western Bank of Virginia al
w heeiing, and 10 the original stock Of the
Exchange Bank of Virginia at Norfolk, in
the transfer checks or drafts which he has or
may receive from the Secretary of the Treas
ury Of the United States, on account Of the
July and October instalments, which this
State may he entitled 10 receive of the Sur>
plus Revenue directed 10 lie deposited W .tL
This State: PTOriGed, hOlUeper, That such
transfer checkSU or drafts shall be received Nv
SAID Banks at their par value: That the said
payments shall he made 10 such person or
persons as the ockholtiers or directors Of the
Bank 10 which they are payable shall author.
IZe To receive the same; whereupon the said
PERSON or persons thus authorized shall exc.
cute /" the Treasurer proper acknowledge
ments OF such payments; and the-eupon he
shall execute tothe United States the ohliga
tinns Of this Slutc 10 repay the same, in the
hu IL 4, e
relation thereto, and enter the said payment
/ To the credit Of the Treasurer o!lhe u. States
In the manner prescribed by law.
Z. he 1t further enacted, That the Treas.
! urer OF The Commonw allh he and ne is here
| by authorized and directed 10 subscribe on
! behalf ol The CommOnw ealih, in the books Ui
the Exchange Bank of Virginia, on the first
day OF July next, or as soon thereafter as
may he practicable, for four thousand five
hundred shares Uf the stock Of the said Bank
md thereupon TO pay the sum OF four hundr ed
and hfiy thousand dollars due therefor, in
said Treasury checks or drafts as herein. be
lore provided-aDd the said Treasurer shall
moreover thereafter from time 10 time sub
scribe IN behalf OF The Commonwealth in the
saId books, Tor many additional shares oil
the stock of the said Bank as shall have been
subscribed for 10y indiy duals, and upon sc
subscribing he shall pay the same sum upon
said shares as shalt lIa,e been paid by such
individuals.
3. BE ii further enacted, That ii shall be
lawful for The stockholders Of the Exchange
Bank OF Virginia, other than The Common
wealth, TO pay for tie shares o! The stock sub
scribed 10y them in The following instruments
instead oi those now required Ten dollars
on each share in thirty days alter they shall
IN general meeting have accepted The pro