The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1857-10-23

entered, 10 suits commenced by writ or other
wise, or which may be entered during the peri
od herein before mentioned in actions instituted
bv writ, or otherwise in any court in this Com
7nsonweatbor before any alderman or justice
etfhe peace, on judgements obtained before said
officers, If the defendant shall be possessed of
any estate in fee simple within the respective
county, worth in the opinion OF the court,
alderman, or justice Of the peace, the amount
oftbe said judgement, over and above all in
tumbrances, and the amount exempted from
levy and sale on execution, he shall be en- titled
10 a stay Of execution thereon. on Judgements
now obtained or 10 br obtained, on suits now
brought, for the term OF one year from the date
Of the passage nt-t4l% act, and on al loheTS, for
one year, TO be computed from The first day of
the term 20 whic-ths action commenced;
and every defendant ~ such judgement NAV
have the same STAY ofrxvcttoa thereon, If with
! in thirty daNS from tbr passage of this act, or
within thirty days from the rendition Of any fu-
ture judgment, h. shall give security to be ap-
| proved oi by hp court or by Judge thereof OF
bv such alderman or jusiceot the peace, before
whom such judgement was obtained, for the sum
recovered together with the interest andscosts
! Pr0Ui9ed, THAT this section shall not apply TO
the wages of labor, nor 10 debts upon Which
STAY Of execution is expressly waived BY the
debtors, nor To judgments upon which STAY
Of execution has ALREADY been taken under ex-
isiing laws .9ad prouided. That the provisions
of this section shall extend 10 judgment entered
OF 10 be entered, as we'll upon bond and war
rant Of attorney as upon mortgages to secure the
same, anu 10 any subsequent graEtee or owners
OF the premises 50 bound, as well as to The origin
al obligor or moTtgagor ProUided fHrther, That
said stay of execution shall not apply to iadg-
neuis or mortgages, or on bonds secured BY
mortgage, unless thr interest thereon shall be
paid within sixty days after the acCruing Of the
same, in such funds as the banks are authorized
By this act to use
SEC. T. This act shall take effect Immediately.
except the third section, which shall hot 90
lnto operation until the provisions .ofthis act are
accepted as herein provided bot no bank or
other corporation shall BE- embraced within its
provisions more than thirty days after tbe pas
sage hereof or after aay bank shall have so>pen-
J dsd specie payments upon It's notes or ohliga-
tious unless the Stockholders Of such tank or
? other corporation shall, before the expiration
OF the SAID thirty days, or within thirty days
F, after any bank shall have suspended specie paw
mrnts upon It's notes or obligations, at meeting
= to be- called by the directors thrreof for that
purpose, on ten days pubic notice, in one or
more newspapers, accept the provisions Of ibis
act By majority OF votes OF said stockholders
to b. voted and counted according to the pro-
visions in the charter OF such accepting bank or
other corporation regulating the election Ofdi-
rectors, but to make such acceptance valid
there shall be filed in the Office of the Auditor
General Of this Commonwealth a certificate that
this act has been duly accepted, under the COM
5 mon seal or such bank OF other corporation, al
i tested by the signature Of It's President or Cash
! irr: and each ofthe said banks accepting the
!, provisions of this act, shall also pay into the
: Treasury of the Commonwealth on or before
: the first day Of January, Ammo Domlnl one
0 thousand eight hundred s. FIT eight, or within
e thirty days after any Bank shall accept The pro-
visions of this act, sum equal TO one fourth OF
= one per cpntum upon the capital stock OF sad
: bank in addition to any amounts they are now by
s law required to pay.
Z SEC g. That the forty seventh section OF the
: act approved April sixteenth, one thousand
T. eight hundred aud fifty, entitled "a Act regu-
lating banks, be aud The same is hereby repealed
e Dror5ded, That all suits brought, or now pending
: for forfeiturrs o: penalties under the section
$ hereby repealed, shall not be affected thereby.
IS Sec 8. That the Legislature hereby reserves
tllS Ei1Il dUu pJ"el ~ dileis lVNSHN "a "'''''
e the charters any bank or banks, corporation
Il or coporations accepting the provisions Of this
/ act, whenever in their opinion the same may
? prove injurious to the citizens ofthe Common
Is wealth, 10 such manner, how ever, as to 90 no
ID injustice 10 the corporaors.
OF Sec 10. That no banks, savings fund, InSnr-
TO ance or trust company, shall directly or IN
le directly pnrchase, or be concerned in the pur-
or III, ,f b., of Nf no IDr7TuOrdtpd
p banks of this State at less than their par value,
to and any and every of the officers of said instr
e tutions violating the provisions Of this section,
:; shall be deemed guilty of misdemeanor, pun
e ishable upon conviction by fire OF not less
n than FIVE hundred dollars, nor more than one
c thousand dollars, one half to BE- paid 10 the
nd inornpr, and the other halt to the use OF the
T. Commonwealth. E
a. SEc. H. That no stocks, bonds PFomlssory
OF notes, personal property, or other valuable Secu-
us rites. hvpothecated or held in plrdgr, either
nd with power Of Attorney attached, or otherwise
De for credit or money loauet, shall BE- soid for The
he period of six mouths from the passage Of this ae
e without the consent Of the debtor, debtors, or
by party hypothecating or pltdging the sane: being
, first had and obtained in writing.
- See - That the notice required Tor pay
OF ments provided in the charters of savings iand
OF and trust companies, on all sums exceeding one
n, hundred dollars, bs and the same is hereby eX
Is tended for the period of two months, during 'n
ITS period Of suspension ofspecia payments autaoF'
oy Zed By this act.
all DARWIN A. FTNNEY.
a. Speqker of the Senafe.
re- LAWRENCE GETZ.
me- Speaker the House Of Representatives,
all nnp o,,pr October thirteenth Ammo Donna