Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1857-10-17

instituted by writ or otherwise In any Court
In this Commonwealth, or before any Alder
man or Justice OF. the Peace, on judgments
obtained before said officers, II 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,
the amount Of the said judgment over and
above all ucumbrances, and the amount ex.
empted from levy and sale on execution, he
shall be entitled to q stay OF execution there
on on judgment now obtained or to be
obtained on suits now brought Of one year
from the date OF the passage OF this act and
on oil others for one year, to 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 oil
execution thereon, IL within thirty days from |
the passage Of this act, or within thirty days
from the rendition Of any future Judgment, he
shall give security to be approved OF by the
Court or by Judge thereof, or by such alder
man or justice Of the peace before whom such
judgment was obtained for the sum recovered,
together with the interest aud costs Provl-
ded, That this section shall not apply to the
wages of labor, nor to debts upon which stay
Of execution is expressly waived by the
debtors nor to judgments upon which q stay
Of execution has already been taken under
existing laws. And Trouided, That the pro.
visions of this section shall extend to judg-
ments entered, or to be entered, as well upon
be nd and warrant Of attorney as upon mort
cages to secure the same, and to any subse-
quent grantee or owners Of the premises so
bound, as well as to the original obligor or
mortgagor. Propided, further, That said
stay Of execution shall not apply TO judg-
ments or mortgages, or on bonds secured by
mortgage unless the interest shall be regu-
larly paid, as provided by such mortgage
bond, in such funds as the banks are author
lied by this act to use.
Section I. This act shall take effect imme-
dintely, but no bank or other corporation shall
be embraced within its provisions more than
thirty days after the passage hereof, or after
any bank shall have suspended specie pay
ments upon its notes or obligations, unless
the stockholders Of such bank or other corpo
ration shall, before the expiration Of the said
thirty days, or within thirty days after any
bank shall have suspended specie payments
, , upon its notes or obligations, at meeting to
be called by tho directors thereof for that
purpose, on ten days public notice in or more
newspapers, accept the provisions OF this act
by majority Of votes OF said stockholders. to
; be voted and counted according to the provi-
; sions III the charter of such accepting bank or
' other corporation, regulating the election o
directors ; but TO make such acceptance valid
i there shall be fled in the Office Of the A uditol
| SeUeTai Ol lblsSOmWOuWealtu CeIliuCatt
i that this act has been duly accepted, under
the common seal of such bank or other corpo
. ration, a,testcd by the signature Of its Presi
dent or Cashier. And each Of tho said bank!
J. accepting the provisions Of this act shall alsC
pay into the Treasury OF the Commonwealth
J on or before the first day Of January, Anne
j. Domin ono thousand eight hundred and ifty
;, eight sum equal TO one-half Of one per cen
u tum upon the capital stock Of said bank il
=. addition to any amounts they are now by Law
- required to pay.
Section s. That section forty.seven Of th'
} act approved April sixteen, one thousand
y eight hundred and City, entitled AN Act reg
i ulating banks" be and the same is hereby re
i, pealed.
q Section Q. That the Legislature hereby re
! serves the right and power to alter revoke o
: annul the charters of any banks, corporation
u or corporations accepting the provis;ons o
s. this act, whenever in their opinion the sam'
u may prove injurious TO the citizens OF thu
II Commonwealth, in such manner, howeve
y as to do 20 injustice to the corpara,ors.
d , Section 10 That no bank, savings fund
u insurance or trust company shall directly o
II indirectly purchase or be concerned in th,
. purchase Of the notes of any Of the incorpora
9 ted banks of this State At less than the pa
. value add any and every OF the officers offs ait
: institutions violating the provisions Of thi
d section shall be deemed guilty Of misdemean
or, punishable, upon conviction by fine o
:, not less than FIVE husdred dollars nor NOR
IL than ose thousand dollars, one half to be palt
L to the informer and the other half to the use
e Of the Commonwealth.
IT Section IL. That no stocks, bonds, pro
e missury notes personal property or oihe
u valuable security, hypothecated or held il
;s I pledge, either with power OF attorney attach
IL ed or otherwise, for credit or money loaned
e shall not be sold for the period of six month
e from the passage of this act without the con
y sent Of the debtor, debtors of party hypothe
y eating or pledging The same being first here
D. after had and obi aimed in writing.
y