The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1837-05-27
SMALL NOrES-

SMALL NOIES.
AS various Companies and Corporations
have issued notes of less denomination
than five dollars, for the purpose of displac-
ing silver coin, we publish the following
actof Assembly, passed April 18th; 1928,
for the information of the public:
SECT. 1. From and after the first dav of
January next, il shall not be lawful for anv
person or persons, or body corporate, with
the i'lfe'lttOigtO to create or put in circulation,
"a paper circulating medium, TO issue, cir
culate, or directly or indirectly cause TO be
issued orcirculated, any note, bill, check,
ticket or!paper, purporting or evidencing,
or intending TO lpurport or evidence, that
apy'sum less than five dollars will be paid
to the order of any person, or to any per-
son receiving or holding such note, bill,
check, ticket or paper, or to the bearer of
the same, or that it will bereceived in pay
ment of any debt or demand, or that the
bearer Of the same or any person receiving
tOr holding the same, will be entitled to re-
ceive any goods or effects of the value of
any sum less than Ave dollars; and from and
after the said first day of January next, it
shall not be lawful for airy person or per-
SONS, or body corporate, to make, issue, or
pay away, pass, exchange or transfer, or
cause to be made, issued, paid away, pass
ed, exchanged or transferred, any bank
note, bill, ticket or paper, purporting to be
.abank note, Of the nature, character or APP
pearance ofa bank note, or calculated for
circulation as a bank note, of any less de-
nomination than five dollars.
SECT. 2. Any and every person and per-
sons and body corporate, offending against
any of the provisions of the first section of
this act, shall forfeit and pay for every such
offence, the sum of FIVE dollars, to be re-
covered by any person sueing for the same,
as debts of like amount are by law recover
able, one half for his own use, and the other
half to be for the use of the overseers, guar
dians or directors of the poor of the city,
county, district, or township, within which
such offence shall have been committed.
SEcT- 3. No such note, bill, check,
ticket or paper mentioned in the first section
sof this act, shall be held or taken to be void
or of null effect, by reason thereof; but all
suits and actions may be brought and sus-
tanned on such note, bill, check, ticket or
paper, any thing herein contained to the
contrary notwithstanding, and in such suits
or actions, if the same shall be determined
in favor of the plaintiff, judgment shall be
rendered for the principal sum due, on such
note, bill, check, ticket or paper, together
with interest thereon at the rate hereinafter
provided for, and full costs.
SECT. 4. The drawer and acceptor of
any such note, bill, check, ticket, or paper,
and every person or body corporate who
shall indorse or in any way put his or their
name upon the same, shall be liable to pay
to any holder thereof, together with the
principal sum expressed therein, interest
thereon to be calculated at, and after the
rate of twenty per cent. per d'eatt'1, from
ahe time when such note, bill, check, ticket
sr paper was first issued, and that without
any demand upon the drawer or acceptor or
any endorser or party to the same.
Sect. 5. Any person or persons, or bo-
dy corporate, who shall have paid away,
passed, exchanged or transferred, any such
note, bill, check, ticket or paper, shall be
liable to any holder thereof, and shall pay
to him or her, together with the principal
sum expressed therein, interest thereon to
be calculated at and after the rate of twenty
per cent. per a,annn, from the time when
such note, bill, check, ticket or paper, was
first issued, and that without any demand
on the drawer or acceptor, or any endorser,
or party to the same.
Sect. 6. In the trial or hearing of any
suit or action, which may be brought upon
any such note, bill, check, ticket or paper,
If the time when the same was first issued
shall not be clearly proved, the same shall
be deemed and taken to have been first issu-
ed one year before the bringing of such
suit or action, and interest shall be calcu-
lated thereon at the rate of twenty per cent
accordingly.