The several Colonial Conventions were to provide, by taxes, for sinking their proportion of the bills, and the bills themselves were to be received in payment for such taxes. Two general treasurers were appointed, and it was recommended to each colony to appoint a treasurer. The amount of the first emission was two millions of dollars.
"Resolved, That the form of the bills be as follows:
CONTINENTAL CURRENCY.
No.——————Dollars.
This bill entitles the bearer to receive———-Spanish milled dollars, or the value thereof in gold and silver, according to the resolutions of the Congress, held at Philadelphia on the tenth day of May, A.D. 1775.