Sec[Section] 5 That during the time the said bank shall continue to suspend the payment of specie the inhabitants of this state who are indebted to them upon notes heretofore discounted shall be allowed to pay their debts in instalments at the rate of ten per cent. upon each and every renewal of the amount originally due upon condition that such debtors shall execute new notes with satisfactory security and pay the aforesaid per cent and the interest in advance according to the usages of banking, provided that this section shall not apply to notes or