"Retrospective laws are, primd facie of questionable policy, and contrary to the general principle that legislation by which the conduct of mankind is to be regulated ought, when introduced for the first time, to deal with future acts, and ought not to change the character of past transactions carried on upon the faith of the then existing law. Leges et constitutiones futuris certum est dare formam negotiis non ad facta proBterita revocari; nisi nominatim et de praiterito tempore et adhuc pendentibus negotiis cautum sit."
January 1, 1970
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