Chap. 0003 AN ACT FOR SUPPLYING THE TREASURY WITH THE SUM OF THIRTEEN THOUSAND POUNDS IN BILLS OF CREDIT ON THIS PROVINCE.
Be it enacted by His Excellency the Governour, Council and Representatives convened in General Court, and by the authority of the same,
[Sect. 1.] That the treasurer be, and hereby is, impowred and directed to issue forth and emit the sum of thirteen thousand pounds in bills of credit on this province, being already in his hands, and received for taxes, impost, excise or otherwise ; all which sum of thirteen thousand pounds is to be employed for the necessary defence and support of this government, and protection and preservation of the inhabitants thereof; that the sum of twelve thousand pounds, part thereof, shall be issued out and disposed of by warrant, under the hand of his excellency the governour, with the advice and consent of the council, according to such orders and laws as are in force, and to discharge the several grants of money made or to be made by the court in this session, and for no other use, intent or purpose whatever ; and the remaining one thousand pounds shall be applied for the payment of expresses, and all other necessary and unforeseen charges.
[Sect. 2.] And the said bills shall pass out of the treasury at the value therein expressed, equivalent to money, and shall be so taken and accepted in all publick payments ; and the duties of impost and excise, together with all other incomes shall be a fund and security for the payment and drawing in the said bills into the treasury again, so far as the same will answer.
And be it further enacted,
[Sect. 3.] That there be, and hereby is, granted unto his most excellent majesty for the ends and uses aforesaid, and no other, a tax of thirteen thousand pounds, to be levied upon polls, and estates both real and personal, within this province, according to such rules and in such proportion upon the several towns and districts within the same, as shall be agreed on and ordered by this court at their session in May, one thousand seven hundred and forty-one, and paid into the publick treasury on or before the last day of December, then next after. [Passed October 1.