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

pose, or if the said Commissioners, or ma.
jority of Them, shall report that the said Bank
is in solvent condition, or conducting its
affairs in violation OF law, the Governor shall
lhereupon issue his proclamation declaring
the charter OF the said Bank 10 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 Act entitled "An
Act regulating Banks" approved the 10Th
day of April, Ammo Domini eighteen hurdred
and fifty, and the expenses of such commits
sion, including the compensation of the Com
missioners at eight dollars per day each, shall
be paid by tie Bank against which it is issu.
ed, unless the report shall be favorable to its
condition, in which case they shall be paid
by the applicants Provided, That 70 Bank
shall be required TO receive the notes of any
Bank against which certificate may be made
as aforesaid, at any time after The delivery of
the same TO The Governor, until the Commis.
sioners shall report in favor of such Bank,
after which the notes OF such Bank shall again
be received as required by the provisions of
this section.
Sec. 4. That the several collectors of taxes,
tolls and other revenues of the Common
wealth, ond also County Treasurers, are here
by authorized TO receive, for State purposes,
The notes of the solvent Banks of this Com
monwealth, though not specie paying Banks,
in payment o: the said taxes, tolls, and reve-
nues, and the State Treasurer is hereby au-
thorized TO receive and reOeip, for The same
in the same manner as though the said Banks
were specie paying.
SEC. 5. That the deposits by the State
Treasurer, or 10 the credit of the Common
wealth, in the several Banks aud other corpo-
rations, ard all Bank notes which are now or
may hereafter be in the Treasury during the
period of suspension aforesaid, shall from
lime 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 TO pay the interest
accruing on the public loans of The Common
wealth.
Sec. 6. That upon all judgments heretofore
entered in suits commenced by wri. or olh-
erwise, or which may be entered during the
period hereinbeiore mentioned, in actions in-
stiuted by writ or o,herwise, in any court in
THO Commonwealth, n. hsf--s ony alisrman
or Justice Of the peace, on judgment oblained
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, The am cunt
of the SAID judgment over and above all in.
cumbrances, and The amount exempted from
levy and sale on execution, he shall be enti-
lied 10 a stay of execution thereon, on juds-
ment bow obtained, or 10 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. 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, if within thirty days
from The passage Of this Act, or within thirty
days from the rendition of any future juds-
msn,, he shall give security to be approved
of by the court or by 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 Provided, That this section shall not
apply 10 the wages of labor nor 10 debts upon
which stay of execution is expressly waived
by the debtors, nor 10 judgments upon which
a s,ay of execution has already been taken
under existing laws: And Provided, That The
men,s entered or TO be entered, as we'll upon
bond and warrant of attorney as upon mort.
cages 10 secure the same, and to any subse-
queni grantee or owner OF the premises so
bound, as well As to the original obligor or
mongager: Provided further, Tha, said stay
of execution shall no, 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 as the banks ere authorized by
this act 10 use.
SEC. I. This act shall take effect immedi-
ately, 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 EN-.
braced within its provisions more than thirty
days after the passage hereof, or after any
Bank shall have suspended specie payments
upon its notes and obligations unless the
stockholders of such Bank or other corpora
tion 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 the Directors thereof for that
purpose, on ten days public notice, in one
or more newspapers, accept the provisions OF
this act by majority OF voles OF said stock
holders, 10 be voted and counted according
TO the provisions in the charter of such ac-
ceptng Bank, or other corporation regulating
the election oil Directors, but 10 make such
acceptance valid there shall be filed 10 The
office of the Auditor General Of This Com
monwealth, certificate that this act has
heen dpIv accepted under The common seal