Bradford reporter. [volume] (Towanda, Pa.) 1844-1884, 1857-10-22

SEC. 6. That upon all judgments hereto
! fore entered, in suits commenced by writ or
otherwise. or which may be entered during the
period hereinbefore mentioned, in actions insti-
tinted by writ or otherwise in any court in this
! Commonwealth, or before any alderman or
justice of the peace, on judgments obtained
before said officers, if the defendant shall be
possessed of an estate in fee simple within the
| respective county, worth in the opinion OF the
court, alderman, or justice of the peace, the
amount of the said Judgment, over and above
all membranes, and the amount exempted
| from levy and sale on execution, he shall be
| entitled to stay of execution thereon on judg-
| ments now obtained or to be obtained, on suits
now brought, for the term of one year from
the date of the passage of this act and on all
others, for one year, to be computed from the
first day the term to which the action was COM
menced and every defendant in such judg-
ment may have the same stay of execution
thereon if within thirty days from the passage
of this act, or within thirty days from the rem
dtion of any future Judgment, he shall give q
security to be approved of by the court or any
| Judge thereof, or by such alderman or justice
of the peace, before whom such Judgment was
obtained for the sum recovered, together with
the interest and costs PrOrlded, That this
section shall not be applied to the wages of
labor, nor to debts upon which stay of execu-
tion is expressly waived by the debtors, nor to
judgments upon which stay of execution has
already been taken under existing laws {: And
| PrOrided, That the provisions of this section
shall extend to judgments entered, as we'll up
on bond and warrant of attorney as upon mort
cages to secure the same, and to any subse-
quent grantee or owners of the promises so
bound, as well Us to the original obligor or
mortgagor PrOuided fwther, 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 within
sixty days after the accruing of the same, in
| such funds as the banks are authorized by this
act to USE
Sec I. This act shall take effect immediate
ly, except the third section, which shall not
go into operation until the provisions of this
act are accepted as herein provided but no
bank or other corporation shall be embraced
within its provisions more than thirty days af
ter the passage hereof, or after any bank shall
have suspended specie payments upon its notes
or obligations, unless the stockholders of such
bank or other corporation shall, before the ex-
pration of the said thirty days, or within thr
ty days after any bank shall have suspended
specie payments upon its notes of obligation,
at a meeting to be called by the directors there
of for that purpose, on ten days public notice,
in one or more newspapers, accept the provi-
sions of this act by majority of votes of said
stockholders, tc be voted and counted accord
ing to the provisions in the charter of such ac-
ceptng bank or other corporation regulating
the election of directors, but to make such
acceptance valid there shall be filed in the Of
flee of the Auditor General of this Common
wealth certificate that this act has been du-
ly accepted, under the common seal of such
bank or other corporation. attested by the sig
niture of its President or Cashier and each
of the 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 Domini one thousand eight
and fifty-eight, or within thirty days after a
Bank shall accept the provisions of this act a
sum equal to one-fourth of one per centum to
upon the capital stock of said bank in addi-
tion to any amounts they are now by law re-
quired to pay.
Sec s. That the forty section of the
act approved April sixteenth, one thousand
eight hundred and fifty, entitled " An act reg
ulating banks" be and the same is hereby re-
pealed Pr0rided, That all suits brought, or
now pending for forfctures or penalties made
under the section hereby repealed, shall not be
affected thereby.
Sec g. That the Legislature hereby re-
serves the right and power to alter, revoke or
annul the charters of any banks, corporation
or corporations, accepting the provisions of
this act, whenever in their opinion the same
may prove injurious to the citizens of the Com
monwealth, in such manner, however, as to do
no injustice to the corporators
Sec 10 That no banks, savings fund, insu-
rance or trust company, shall directly or indi-
rectly purchase, or be concerned in the purchase
of the notes of any of the Incorporated banks
of this State at less than their par value, and
any and every of the officers of said institution
violating the provisions of this section, shall
be deemed guilty of misdemeanor, punishable
, upon conviction by fine Of not less than five
hundred dollars nor more than one thousand
dollars one half to be paid to the informer,
and the other half to the use of the Common
wealth.
Sec H. That no stocks, bonds, promssory
notes, personal property, or other valuable Sc
curities, hypothecated or held in pledge, either
with power of Attorney attached, or otherwise
for credit or money loaned shall sold for the
period of six months from the passage of this
) act, without the consent of the debtor, debtors
or party hypothecatng or pledging the same
being first had and obtained in writing.
SEC. IL. That the notice required for pay
, ments provided in the charters of savings fund
and trust companies, on all sums exceeding
, one hundred dollars be and the same is hereby
extended for the period of two months, during
the period of suspension of specie payment au-
, tborized by this act.
h9r On Thursday evening, about 8 o'clock,
six miles west of Syracuse, an accident occur
E red to mail train on the Central Railroad,