The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1874-04-04

Act No. Sc, of Louisiana Legisla-
ture, approved March 2lst, 1874, is
given below in full, for the benefit Of
our readers
"Section ]. BE it enacted by the
Senate and House of Representatives
Of the State of Louisiana in General
Assembly conveyed, That, in .addi-
ton to Tic privilege now conferred
by law, any planter or farmer may
pledge or pawn his growing crop OF
| cotton, sugar or other agricultural
| products for advances in money goods
and necessary supplies that he may
require for the production of the
saflie, by entering into a written
agreement to pledge the same and
having the agreement recorded in the
office Of the Recorder Of mortgages OF
the parish where said cotton, sugar
or other agricultural product is
i is produced, which recorded cOn-
tract shall give and confer OH the
merchant or other person advancing
money, goods and necessary supplies
for the production of the said agricul-
tural product, a right of pledge upon
the said crop, the same as if the said
crop had been in the possession OF
the Pledge; provided, that the right
of pledge thus conferred shall be sub
ordinate to that Of the claim of the
laborers for wages and for the rent OF
the land on which the crop was pro-
duced.
"Sec. 2. Be it further enacted, ETC.,
That when any merchant, factor, or
other person has advanced money,
property or supplies on cotton, sugar
or other agricultural products, and the
same has been consigned to him by
ship, steamboat, vessel, railroad or
other carrier the said agricultural
, products shall be pledged to the con-
signee thereof from the time the bill
of lading thereof shall be put in the
mail, or put into the possession OF the
carrier for transmission to thescon-
: signee, and the right of pledge shall
. be perfect, with right Of sale of said
property, Which shall be fully vested
D in said consignee; with the right to
. appropriate The proceeds of sale eC
the payment of the amount due fol
]. such advances as may have been
!. thereon; provided, that nothing here
in shall be so construed as to defea1
}, or lesson the privileges of the labor
, ers and landlords IN this State TO
wages and rent, as now existing b.
u law.
, "See. 3. Be it furthef enacted. etc.
= That all merchants, factors ant
others who may have general bal
! ance of account, or any sum ofmone..
= due them by any consignee or othe
le person sending them cotton, sugar Q
other agricultural products for sale q
I the port Of New Orleans, or at an
d other town or city in the State, sha
have pledge upon all such propert
s, consigned or sent to them by shil
"a vessel, railroad or other carrier frol
= the time the bill of lading or receiI
le therefor by the carrier is deposited
= the mail or given to the carrier is d.
~ posted in the mail or given to II
- carrier for transmission, which pIede
shall be perfect, with the right of So
u, of said property which shall be full
IS vested in said consignee, with Il
right to appropriate the proceeds
0 sale to the payment of the amour
"a due such consignee; provided, tn
nothing herein shall be SO construt
s. as to defeat or lesson the privilege
=. the laborers and landlords in til
= State for wages and rent as now e
re listing by law