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1822 - Edocs

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4£<br />

ees ;. Be it further enacted, That, the said keepers of thr<br />

public archives shall receive such fees as a compensation<br />

for their services, as shall hereafter be established by<br />

Law<br />

EDMUND -LAW<br />

President pro tempore of the Legislative Council.<br />

[Approved, 3\st August <strong>1822</strong>.]<br />

WM. P. DUVAL,<br />

Governor of the Territorv of Florida.<br />

TEST,<br />

ROBERT MITCHELL,<br />

Clerk of the Legislative Council.<br />

ate of interest unstrained—to<br />

con-<br />

•acting- parties.<br />

1 contracts—m-<br />

rest not specified<br />

-six per cem.<br />

AN ACT<br />

Concerning Usury and regoriatinerthe rate of Interest.<br />

1. Be it enacted, by the Governor and Legislative Council<br />

of the Territory of Florida, Tii at, any rate of inter-<br />

est or premium for the loan or use of money, wares oi<br />

merchandize or other commodity, fairly and bonafdt..<br />

stipulated and agreed upon by the parties to such cop-<br />

tract, expressed in writing and signed by the parties to<br />

be charged therewith, shall be legal and recoverable; and<br />

no bona fide contract shall be vacated or impaned by reason<br />

of any premium or rate of interest so stipulated and<br />

expressed. i<br />

2. Be it further enacted, That, on all contracts, written<br />

or verbal, ascertaining the sum due, where no specific<br />

premium or rate of interest is expressed, interest shall be<br />

taken, recovered or allowed at the rate of six per cent<br />

per annum from and after said sum is due and paya-<br />

ble.<br />

EDMUND LAW,<br />

President pro tempore of the Legislative Council.<br />

[Approved 3\st August, <strong>1822</strong>. "i<br />

WM P. DUVAL,<br />

Governor of the Territory of Forida.<br />

TEST,<br />

ROBERT MITCHELL,<br />

Clerk of the Legislative Council.

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