The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1861-05-31
TIE STAY LAW,

- RoFlduCe 10 ali Grasses OF citIZeus, anu Snouu
~ Attentively studied by every one OF cur read
~ In some ofits particulars, 10 is quite mys-
!; 7lng, and well puzzle seven Philadelphia
Ryer"
SEcTIon /. Be 1t enacted by the Senate
- d House of Representatives OF the Common
: Ealth of Pennsylvania in General Assembly
= IT, and il is hereby enacted by the authority Of
- e same That upon all judgments now re-
&c aiming unsatislied, or which may be obtained
y Iihin six months from the passage of this act,
here shall be a stay OF execution ter one year
ON the passage hereof as regards Judgments
= otained after the date hereof. Provided hat
me drfendau; is possessed OF real estate
oRhhln the respective county or counties IN
iFhch such judgment shall have been obtained,
'Fr in any other county within this CommQn-
Wealth, 10 which the said judgment shall haze
Seen Transferred, subject 10 be sold for the pay
Sment OF such Judgment worth in the opinion
iot any court or any Judge 10 vacation, justice or
ialGeTman having jurisdiction OF such Judgments,
at talr valuation a sum sufficient 10 pay or
satisfy the same, over and above other ucuu-
brances, aud the amount exempted from levy
and sail Oh execution, oi said defendeut shall
give security for the payment of The same, to
be approved by the court, or a Judge thereof
10 vacation or the justice or alderman before
whom he san was obtained OF NAV o. de-
pending, within sixty days ron the date Of
thr judgement, or from the passage Of this act,
which security shall satisfy the court, lodge or
justice, by oath OF affirmation, aad Such eyI-
d-nce as may be required, that they are the
oona ide owners OF real OF personal estate with
in the county where such judgment has been
entered, worth at a far valuation double the
amount OF such judgement, over and above all
other debts and membranes, 10 which Sc
] cerity the plaintiffs nav ile exceptions as now
provided by law. And that 10 all actions now
pending, or instituted within twelve months
alter the passage OF this act, in any Of The courts
OF ias Commonwealth, on notes, bills, bonds, or
other investments ior the payment Of money,
or Tor the recovery OF book debig wherein the
defendant or defendants at any stage of the pro-
ceedlngS before actual sale by the sheriff, shall
have filed an affidavit setting forth that the
majority OF their creditors, whose demands rx-
ceed two-lhrds of his or their Indebtedness.
have agreed in writing to extend the linn. o.;
payment OF the debts ddis them reso-ctivel,
. me court shall direct the prolhonotary to re-
TT,GTi inc erms'of the said extension, upon even
evidence submitted to him by the defendant 0
defendants, and thereupon tie court shall enter
an order iE the cause, that no execution shall
issue, except at the periods when, and in the
! proportions which it SHALL appear by the report
OF the prothonotary of the majority ofthe cred
! ilors OF the defendant or defendants, whose de-
mandS exceed two-thirdS of bis or their entire
! indebtedness, have agreed as aforesaid, TO ex-
tend the time ofpay yment of the debts due them
respectively, and no person or firm, bank or
broker, holding collaterals as security Tor debts
due or to become due, shall within one year
/ from the taking effect OF this act sell al public
/ or private sale any such CoIIaterais whether
the same consist OF mortgage, bond, not, or
tany party selling such collateral securities
/ within such time shall become responsible for
The same at double the amount for which II
was pledged 10 the owner of such collateral
| AND PROVIDED FURTHER, That the proivs-
IONS OF this act shall extend to judgments en-
tered or to be entered, as well upon bond and
warrant OF attorney as upon mortgages to Sc
cuie the same, and to any subsequent grantee or
owner OF the premises so bound, as well as 10
/ the original oblgor or mortoager, and also to
/ all judgments or debts upon which STAY Of rx-
ecuilon has been or may be waived by the debt
or IN any obligation or contract upon which
such Judgment has been or NAV hereafter be
obtained, or by any stipulation entered into at
any time separate from SAID obligation or con-
tract. AND PROVIDED, That nothing in this
act contained shall be construed 10 stay an ey-
ecuIon that may be issued after The expiration
OF slxty days from the passage Of this act Tor
( the purpose of collecting interest due, OF 10 be-
come due, upon any judgment for any sum.
not less than $500, heretofore obtained for less
than six months arrearage of interest peovi
DED, That this act shall not apply 50 as 10 stav
the collection Of interest on judgments entered
for the security OF the payment OF money to
widows, orphans, or minors AND PROVIDED
further, That this act shall not apply to any
Judgment obtained for the wages of labor. or
debts contracted alter the passage OF this ac;
but shall apply to all corporations, whether de-
PENDANTS Or holders Of col!aterals.
SEC. 2. That in all cases in which de-
fendant shall be entitled TO a stay Of eyecu.
ton under the provisions OF this act and shall
neglect or refuse 10 clam the benefit thereof
any mortgage Of the premises levied upon,
or other lien creditor, those estat. or n,eres,
therein woul BE- affected hy the sale OF the
sad premises, shall have the like RIGHT with
the defendant 10 claim such stay of execution.
SEQ. g. That upon all judgments hereto
fore entered, or which may hereafter BE- enter
ed, upOn conditional ve:dicts in actions OF eject
ment, ike stay OF execution shall be had, npon
the SAM terms and conditions provided in the
6rst section of this act
SEC 4. That the provisions of this act
shall br considered to apply TO all judgments
lon ~hicha sale by judicial process has been
actually made.
SHAMEFUL TREATMENT or THE TRoops .r
r .s,f~s ~