Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1861-05-25
Tho STAY. Law.

EXECUTIONS.
SECTION BE it enacted by the Sen !
ate and House of Representatives Of the
Commonwealth of Pennsylvania, in Gen
cral Assembly met, and it is hereby enact
ed by the authority Of the same, That
upon all judgments now remaining unsat-
isfed, or which may be obtained within
six months from the passage Of this act, or
upon which a sale Of real estate has not
yet been confirmed, there shall be a stay
of execution for one year from the passage
hereof, as regards Judgments now existing,
and from their date as regards judgments
obtained within six months after the date
hereof; Provi ,e7, That the defendant is
possessed of real estate within the respec-
tive county or counties in which such judg-
ments shall have been obtained, or in any
other county within the Commonwealth to
which the said judgment shall have been
transferred, subject to be sold for the pay
mont of such judgment, worth in the opin-
ion Of any Court, or Judge in vacation,
Justice, or alderman having jurisdiction of
such judgments, at fair valuation, sum
sufficient to pay or satisfy the same over
and above other membranes, and the
amonnt exempted from levy and sale on
execution, or said defendant shall give
security for the payment of the same, to
be approved by the court or Judge there
of, in vacation, or the Justice or Alderman
before whom the same was obtained or
may be depending, within 60 days from
the date of the judgment or from the pass
age of this act, which security shall satisfy
the court, Judge or Justice, by oath or
/ affirmation, and such other evidence as
may be required, that they are the 6ana
6,te owners Of real Or personal estate with
in the county where such Judgment has
| been entered, worth, at a fair valuation,
double the amount of such Judgment, over
and above all other debts and incumbran-
ecs, to which security the plaintiffs may
file exceptions, as now provided by law,
and that in all actions now pending or in
stituted within twelve months after the
passage of this act, in any of the courts of
this Commonwealth, on notes, bills, bonds,
or other instruments, for the payment of
money, or for the recovery of book debts,
wherein the defendant or defendants, at
any stage of the proceedings, before actu-
al sale by the Sheriff, shall have filed an
affidavit setting forth that the majority OF
his, or their creditors, whose demands ex-
ceed two-thirds of his or their endebted-
ness, have agreed in writing, to extend the
time of payment of the debts due them
respectively, the Court shall direct the
, Prothonotary to report the terms of the
, said extension upon evidence submitted tc
him by the defendant or defendants, ant
thereupon the Court shall enter an order
) in the cause that no execution shall ISSUE
except at the periods when and in the pro
: portions which it shall appear by the re
q port of the Prothonotary that the majorit,
of the creditors of the defendant or de
PENDANTS, whose demands exceed two third
of his or their entire indebtedness, hay
agreed, as aforesaid, to extend the time O
payment of the debts due them respective
ly; and, Provided, further, that the pro
visions of this act shall extend to judy
ments entered or to be entered, as wel
" upon bond and warrant of attorney, a
= upon mortgages, to secure the same, an
: to any subsequent grantee or owner of til
l. premises SO bound, as well as to the orig
I" nal obligor or mortgagor, and also to a.
g Judgments or debts upon which stay {
! execution has been, OF may be waived b
y the debtor, in any original obligation c
II contract upon which such judgment ha
~ " been or may hereafter be obtained, or b
u any stipulation entered into at any tim
> separate from said obligation or contract
II And provjded, That nothing in this a.
contained shall be construed to stay an
1t execution that may be issued after the ey
pration of sixty days from the passage
-9 this act for the purpose of collecting int
p" est due or to become due upon any JUDI
> ment for any sum not less than five hul
- dred dollars heretofore obtained, but I
y such execution shall be issued for less tho
six mouths arrearagcs Of interest; pyov
T ,1ea, That this act shall not apply SO as
n stay the collection of interest on juds
l. ments interest for the security for Il
e. payment of money to widows, orphans
minors; And prorided, Jurther, That til
OF act shall net apply to any judgment 0
tanned for the wages Of labor, or to del
10 contracted after the passage Of this az