The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-10-28

is in solvent condition, or conducting its
affairs in violation of law, the Governor shall
thereupon issue his proclamation declaring
the charter OF the said Bank TO be forfeited,
and The said Bank shall be deprived of all the
benefits of this Act, and the Directors thereof
shall forthwith make an assignment in the
manner provided by the Acl entitled dan
Act regulating Banks" approved The 10th
day of April, Ammo Domni eighteen hurdred
and fifty, and the expenses of SUCH commits
sion, including the compensation of the Com
missoners at eight dollars per day each, shall
be paid by lie Bank against which it is issu.
ed, unless the report shall be favorable 10 its
| condition, in which case they shall be paid
by the applicants Provided, That. 70 Bank
shall be required 10 receive the notes of any
Bank against which certificate may be made
as aforesaid, a, any time after The delivery of
! the same 10 the Governor, until the Commits
sioners shall report in favor of snch Bank,
after which the notes OF such Bank shall again
be received as required by the provisions of
| this section
oEC. y. luul Tue hcNCIbi VI ldhCSj
tolls and other revenues of The Common.
wealth, and also County Treasurers, are here
by authorized to receive, for Stale purposes,
the notice Of the solvent Banks Of this Com
monwealth, though not specie pay ing Banks,
in payment os the said taxes, tolls, and reve-
nues, and the State Treasurer is hereby au-
lhorized 10 receive and receipt 10. the same
| in the same manner as though the SAID Banks
were specie-payi
SEC. 8. That the deposits by the Stats
Treasurer, or 10 the credit of the Common
wealth, n The several Banks and other corpo-
rations, ard all Bank noies which are now or
may hereafter be in the Treasury during the
period of suspension aforesaid, shall from
Time 10 time, on demand OF the said Treasur.
er, be paid by the said Banks or other corpo.
rations respectively, in specie, in such a
mounts as may be required by the said
| Treasurer 10 enable him 10 pay the interest
acctuing on the public loans of the Common
wealth.
SEC, 6. That upon all judgments heretofore
entered in suits commenced by witt or 9TH
erwise, or which may be entered during the
! period hereinbefore mentioned, in actions in.
siuted by wrl or otherwige, in any court in
this Commonwealth, or before any alderman
| or Justice OF the peace, on judgment Obtained
before said officers, il the defendant shall be
possessed Of any estate in fee simple, within
the respective county, worth, in the opinion
Of the courl, alderman or justice, the amount
of the SAID judgment over and above all in.
cumbrances, and the amount exempted from
| levy and sale on execution, he shall be enli-
lied 10 stay of execution thereon, on judg-
nIent uow obtained or 10 be obtained on
suits now brought, for the term Of one year
! from the date of The passage oil this act and
on all others for one year, 10 be computed
from the first day of the term TO which the
action was commenced; and every defendant
in such judgment may have the same stay Of
of execution thereon, il within thirty days
from the passage Of this Act, or within thirty
days from the rendition of any future judg-
ment, he shall give security to be approved
OF by the court or by judge thereof, or by
| such alderman orJus'ice OF the peace before
whom such judgment was Obtained, for The
sum recovered, together with the interest and
costs Provided, That this section shall moi
apply to The wages Of labor nor 10 debts upon
which stay Of execution is expressly waived
by the debtors, nor 10 judgments upon which
a STAY of execution has already been taken
under existing laws: And Provided, That the
provisions of this section shall extend ojndg-
men,s entered or 10 be entered, as well upon
bond and warrant of attorney as upon mort
cages 10 secure the same, and TO any subse-
quent granIee or owner OF The premises so
bound, as we'll as to the original obligor or
morlgager: Provided further, That said stay
of execution shall not apply to judgments or
mortgages, or on bonds secured by mortgage,
unless the interest thereon shall be paid with
in sixty days after the accruing Of The same,
in such funds us the banks are authorized by
this act TO use.
Sec. I. This acl shall take effect mmedi-
ately, except the third section, which shall
not go into operation until the provisions of
,hs acl are accepted as herein provided, h''
no Bank or other care-.~'fou snali oe en-
-L.-Oeu wIlhip its provisions more than thirty
days after the passage hereof, or after any
Bank shall have suspended specie payments
upon lis notes and obligations unless the
stockholders of such Bank or other corpora
lion shall, before the expiration of the said
thirty days, or within thirty days after any
Bark shall have suspended specie payments
upon its notes or obligations, at meeting to
be called by the Directors thereof Tor that
purpose, ongen days. public notice, in one
or more newspapers, accept the provisions Of
this act BY majority Of votes OF said stock;
Eholders, TO be voted aud counted according
10 the provisions in the charter of such ac-
cepting Bank, or other corporation regulating
the election OF Directors, bat 10 make such
acceptance valid there shall be filed in the
Office of The Auditor General of This Com
monweal,h, certificate that this act has
been duly accepted, under the common seal
! of such Bank or other corporation, attested
by Tho signature of the President or Cashier