| Volume 194, Page 886 View pdf image (33K) |
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886 8 & 4. ANN. CAP. 9, PROMISSORY NOTES. 652 on whom the same are or shall be drawn, refuse to* accept the same, by underwriting the same under his Hand, all Mer- chants and others do refuse to underwrite such Bill or Bills, or make any, other than a Promissory Acceptance, by which Means the Effect and good Intent of the said Act in that behalf is wholly evaded, and no Bill or Bills can be protested before or for want of such Acceptance by underwriting the same, as afore- said: For Remedy whereof be it enacted by the Authority afore- said, That from and after the first Day of May, which shall be in the Year of Our Lord One thousand seven hundred and five, in Case, upon presenting of any such Bill or Bills of Exchange, the Party or Parties, on whom the same shall be drawn, shall refuse to accept the same, by underwriting the same, as aforesaid, the Party to whom the said Bill or Bills are made payable, his Servant, Agent or Assigns, may and shall cause the said Bill or Bills to be protested for non-acceptance, as in Case of Foreign Bills of Exchange; any thing in the said Act, or any other Law, to the contrary notwithstanding: For which Protest there shall lie paid two shillings, and no more. V. Provided always, That from and after the said First Day of May. no Acceptance of any such Inland Bill of Exchange shall be sufficient to charge any Person whatsoever, unless the same be underwritten or indorsed in Writing thereupon; and if such Bill be not accepted by such Underwriting, or Indorsement in Writing, so Drawer of any such Inland Bill shall be liable to pay any Costs, Damages, or Interest thereupon, unless such Protest be made for Non-acceptance thereof, and within Four- teen Days after such Protest, the same be sent, or otherwise Notice thereof be given to the Party from whom such Bill was received, or left in Writing at the Place of his or her usual Abode; and if such Bill be accepted, and not paid before the Expiration of Three Days after the said Bill shall become due and payable, then no Drawer of such Bill shall be compellable to pay any Costs, Damages or Interest thereupon, unless a Pro- test be made and sent, or Notice thereof be given, in manner and form above mentioned: Nevertheless, every Drawer of such Bill shall be liable to make payment of Costs, Damages and Interest upon such Inland Bill, if any one Protest be made for Non-acceptance, or Non-payment thereof, and Notice thereof be sent, given or left, as aforesaid. |
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| Volume 194, Page 886 View pdf image (33K) |
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