Section XXXI Bills of Credit by Company on taking Conveyance of Land, to be a Charge on Lands, &c. of the said Corporation, and render them liable to Action of Debt.

And whereas Bills of Credit given out by Corporations under their Co[m]mon Seale do no ways affect the Lands or Real Estates of such Corporations until Judgment be had thereon by reason whereof several Corporations have conveyed away and disposed their Effects from their Creditors and left them without Remedy for recovering their Debts For preventing which Mischief and for making the Bills of Creditt which shall be given out by the said Governor and Company upon Securities of Lands to be a certaine and safe Security to the Persons accepting the same Be it enacted That when the said Governour & Company shall take Conveyances of any Lands or other Interests or Estates with Powers from the Owners thereof to charge the same with the Moneys borrowed thereon the said Governor and Company shall charge the same by Bills of Charge in X1like Forme as followeth; viz^t.

The Governor and Company of the National Land Bank do hereby charge the Lands &c entred in Libro. A. N°: I. with Payment of Pounds to. A. B. &c for Payment whereof they oblige themselves and their Successors by these Presents.

Which said Bills shall effectually charge the Lands or other Interests or Estates so referred unto and also make the said Corporation liable to an Action of Debt for the said Money.