The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1850-05-09
AN IMPORTANT Law,

The following sections are portion of the
law relatingto banking, as it lately passed
the Legislature. The bill has neen signed
by the Governor, and will work o material
change in the character of our currency. Il
will be the means Of drawing out great
deal of specie into circulation, and all that is
now needed is to drive away the ragged re-.
efnPtes. The present law is such as will
{onforce itself.
Section 48. That from and after the t,ven.
ty'first day of August, one thousand eight
hundred aud fifty, it shall nor be lawful for
any person or persons, corporation or body
coporate, directly orindirectly, TO issue, pay
out, pass, exchange, put in circulation, trans.
fer, or cause TO be issued, paid out, passed,
exchanged, circulated or trasferred, any bank
note, note, bill, certificate, or any acknowl-
edgment of Indebtedness whatsoever, pur.
porting 10 be bank note, or of the nature,
character or appearance of bank note, or
calculated for circulation as bank noie, is
sued' or purporting 10 be issued by any bank
or incorporated company, or association of
persons, not located in Pennsylvania, Of lesa
denomination than five dollars; every viola.
ton OF the provisions of this section BY any
corporation or body corporate, shall subiec.
such corporation or body corporate TO the
payment of five hundred dollars; and any
violation of the provisions of this section by
any public officer holding any office or ap-
peinlment OF honor or profit under the con-
slitntion and laws of this state, shall sus.
lec' such officer TO the payment of one hun.
dred dollars; and any violation of this sec,
hon by any other person, not being a public
oihcer' shall subject such person to the paw.
ment OF twenty-five dollars, one half o.
which, In each case above mentioned sball
go 10 the nformer, and the other half TO tbe
county in which the suit is brought and
may be sued for and recovered as debts of
like amount afS1how by law recoverable IN
any action OF debt, IN the name of the coz
monwealth of Pennsylvania, as well for tue
use of the proper county, as for the person
suing.
Section 40. That in addition TO the civ!
penalti es imposed for a violation of the pro.
visions of the last preceding section, eve
ryperson who shall violate the provisions of
that section, shall be taken and deemed 70
have committed a misdemeanor, and shall.
upon conviction thereof in any criminal CO I:
in this commonwealth, be fined in any sum
not less than one dollar, and not more tina,
one hundred dollars; and the several courts
OF quarter sessions shall, in their charges 10
the grand jury. call their attention TO this
subject; and it shall be the duty of the seye.
raj grand iures to make presontment of aay
person within their respective counties, who
may be guilty of violation of the proris.
ions OF the last preceding section; and i
shall be the duty of the several constable
and other peace officers within this com,
monwealth, 10 make information agains. an
person guilty of such violation, and they
shall be sworn SO to do: Provided, Tia, it
shall not be necessary, in any civil suit or
criminal prosecution under this section, and
the last preceding section, to produce, in ev-
idence, the charter of any bank, or articles
oil association of any company, not located
in this state.