Obliteration of adhesive stamps when used.
Stamps on Bill of Exchange, &c.
The holder of a bill drawn out of the Colony to affix an adhesive stamp thereon before negotiating it.
Penalty for negotiating such bill without Stamp affixed or for neglecting to cancel such stamp.
Provisions of sections 11 and 12 apply to Promissory Notes.
ORDINANCE No. 12 OF 1866.
Stamp.
10. In any case where an adhesive stamp shall be used as hereinbefore authorized, the person making the deed, instrument or writing to which such stamp is affixed, shall before the deed, instrument or writing shall be delivered out of his hands, custody or power, cancel the stamp so used by writing thereon his name or the initial letters of his name or in such other manner as to show that such stamp has been made use of, and so that the same shall not admit of being used again; and if any person who shall write or give any receipt or discharge, or make or sign any draft or order or any other deed, instrument or writing with an adhesive stamp thereon when an adhesive stamp is allowed to be used, shall not bona fide in manner aforesaid cancel such stamp, he shall forfeit a sum not exceeding fifty dollars.
11. The duty imposed by this Ordinance on bills of exchange shall be paid on account of all bills drawn within but payable out of the Colony, and on account of all bills drawn out of the Colony which shall be accepted, endorsed, transferred, paid or otherwise negotiated within the Colony wheresoever the same may be payable; and the duty so imposed on bills drawn out of the Colony may be denoted by adhesive stamps to be affixed to such bills as hereinafter directed.
12. The holder of any bill of exchange drawn out of the Colony and not having a proper stamp affixed thereon as herein directed, whether the same be a single bill or one of a set of two or more bills shall, before he shall present the same for acceptance or for payment, or endorse, transfer or in any manner negotiate such bill, affix thereto a proper adhesive stamp for denoting the duty of this Ordinance, charged on the amount of such bill when drawn singly, and the person who shall present such bill for acceptance or payment, or who shall endorse, transfer or in any manner negotiate such bill shall, before he shall deliver the same out of his hands, custody or power, cancel the stamp so affixed by writing across the bill as his endorsement, his name or the name of his firm, and the date of the day and year on which he shall so write the same or by affixing thereon or across the same the seal or mark which he is in the habit of using or in such manner as to show that the stamp has been made use of, and so that the same shall not admit of being used again; and if any person shall present for acceptance or for payment, or shall accept, pay or endorse, transfer or in any manner negotiate any such bill as aforesaid, whereon there shall not be such adhesive stamp as aforesaid duly affixed, or if any person who ought, as directed by this Ordinance, to cancel such stamp in manner aforesaid, shall refuse or neglect so to do, every such person so offending in any such case shall be liable to the penalty prescribed in section 7 of this Ordinance, and no person who shall take or receive from any other person any such bill as aforesaid, either in payment or as a security or by purchase, or otherwise shall be entitled to recover thereon, or to make the same available for any purpose whatever, unless at the time when he shall so take or receive such bill, there shall be such stamp as aforesaid affixed thereto and cancelled in the manner thereby directed.
13. The provisions of sections 11 and 12 shall apply to promissory notes as well as to bills of exchange, so far as the same may be applicable.
Obliteration of adhesive stamps when used.
Stamps on Bill
of Exchange, &c.
The holder of a bill drawn out
of the Colony to affix an adhesivo stamp thereon before nego
tiating it.
Penalty for negotiating such bill without
Stamp affixed or for neglecting to cancel such
stamp.
Provisions of sections 11 and 12 apply to Promissory Notes.
ORDINANCE No. 12 OF 1866.
Stamp.
10. In any case where an adhesive stamp shall be used as hereinbefore authorized. the person making the deed, instrument or writing to which such stamp is affixed. shall before the deed, instrument or writing shall be delivered out of his hands, custody or power, cancel the stamp so used by writing thereon his name or the initial letters of his name or in such other manner as to show that such stamp has been made use of, and so that the same shall not admit of being used again; and if any person who shall write or give any receipt or discharge, or make or sign any draft or order or any other deed, instrument or writing with an adhesive stamp thereou when an adhesive stamp is allowed to be used, shall not bona fide in manner aforesaid cancel such stamp, he shall forfeit a sum not exceeding fifty dollars.
11. The duty imposed by this Ordinance on bills of exchange shall be paid on account of all bills drawn within but payable out of the Colony, and on account of all bills drawn out of the Colony which shall be accepted, endorsed, transferred, paid or otherwise negotiated within the Colony wheresoever the same may be payable; and the duty so imposed on bills drawn out of the Colony may be denoted by adhesive stamps to be affixed to such bills as hereinafter directed.
12. The holder of any bill of exchange drawn out of the Colony and not having a proper stamp affixed thereon as herein directed, whether the same be a single bill or one of a set of two or more bills shall, before he shall present the same for acceptance or for payment, or endorse, transfer or in any manner negotiate such bill, affix thereto a proper adhesive stamp for denoting the duty of this Ordinance, charged on the amount of such bill when drawn singly, and the person who shall present such bill for acceptance or payment, or who shall endorse, transfer or in any manner negotiate such bill shall, before he shall deliver the same out of his hands, custody or power, cancel the stamp so affixed by writing across the bill as his endorsement, his name or the name of his firm, and the date of the day and year on which he shall so write the same or by affixing thereon or across the same the seal or mark which he is in the habit of using or in such manner as to show that the stamp has been made use of, and so that the same shall not admit of being used again; and if any person shall present for acceptance or for payment, or shall accept, pay or endorse, transfer or in any manner negotiate any such bill as aforesaid, whereon there shall not be such adhesive stamp- as aforesaid duly affixed, or if any person who ought, as directed by this Ordinance, to cancel such stamp in manner aforesaid, shall refuse or neglect so to do, every such person so offending in any such case shall be liable to the penalty prescribed in section 7 of this Ordinance, and no person who shall take or receive from any other person any such bill as aforesaid, either in payment or as a security or by purchase, or otherwise shall be entitled to recover thereon, or to make the same available for any purpose whatever, unless at the time when he shall so take or receive such bill, there shall be such stamp as aforesaid affixed thereto and cancelled in the manner thereby directed.
13. The provisions of sections 11 and 12 shall apply to promissory notes as well as to bills of exchange, so far as the same may be applicable.
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