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An Act to stay the Collection of Debts for a limited period. 1865 180 (1865.12)

handle is hein.slavery/ssactsva0850 and id is 1 raw text is: BTAY OF PROCEEDINOS. Norfolk and Portsmouth, nor the counties of Accomack, Northampton, Norfolk and Princess Anne; but the act enti- tled an act staying the collection of debts, passed January twenty-third, eighteen hundred and sixty-four, and the amend- ments thereof, passed June twenty-third, eighteen hundred and sixty-five, shall remain in force, so far as the said cities and counties are concerned, with the exception that sales of )roperty may take place under the judgments and decrees of courts in cases where the collection of debts is not the object of such sales. ltestorl,,ng;ro- 2. If any execution shall have been levied before the pas- perty fevied on ~ t HUbjct(,, toen sage of this act, the property levied on shall be restored to the defendant, but shall remain subject to 'he lien of the execution afbresaid. comnwite,n,,t 3. This act shall be in force from the passage thereof, and shall so continue during the prehent session of this general assellbly, unless sooner altere,, intended or repealed. CHAP'. 69.-An AC'I to 8tay the Collection of Debts for a linmited period. lPas~d M[arch 2, 186O. 1reaomble Whereas the war which was recently waged for several years in the state of Virginia, in its progress and results swept out of existence the property in slaves (which consti- tuted a very large proportion of the wealth of the people), as well as a very large amnount of other personal property, and at the same time annihilated the only currency which had circulated for over three years, together with the stocks and securities, growing out of the war, in which the people had made large investments, and either destroyed or greatly impaired the value of all other stocks and securities, so that but little is now left to the people except their lands, which, for Awant of eficient labor, and in many large districts, for want of stock, implements, horses and buildings, cannot be successfully cultivated, and as a consequence of this condition of things, there exists an unprecedented scarcity of money among the people of the state: and whereas it cannot be questioned that this state of general embarrassment and dis- tress presents the strongest appeal for legislative interference to prevent the unjust and ruinous sacrilice of property that would inevitably result from forced sales under such circum- stances; and while this general assembly recognize their imperative duty to respect and obey the constitutional pro- visions which prohibit the enactment of any law impairing the obligation of' contracts, they believe that, when construed with reference to the objects of those provisions, and in the light of principles recognized and acted upon by the courts o' justice at the time of the adoption of the constitution of the United States, as well as befire and since that time, those provisions do not lIbrlid thIem from granting a temporary

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