The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1874-04-11

Act No. IS, of Louisiana Legisia-
ture, approved March 2lst, 1874, is
given below in full, for ,he benefit Of
our readers
"Section l. BE it enacted by the
Senate and House Of Representative
of the State OF Louisiana in General
Assembly convened, That, in addi
ton to the 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
same, by entering into q written
agreement to pledge the same and
having The agreement recorded III the
Office OF the recorder Of mortgages OF
the parish where said cotton, sugar
or other agricultural product is
is produced, which recorded con-
tract shall give and confer on the
merchant or other person advancing
money, goods and necessary supplies
/ for the production of the said agrlcul-
! tural product, Il right Of pledge upon
| the said crop, the same as if the said
crop had been in the possession of
the plcdgee; provided, that the right
! 70 pledge thus conferred shall be sub
/ ordinate to that Of the claim of the
laborers for wages and for the rent of
the land OH which the crop was pro-
duced.
'oec. ,. Be it further enacted, etc,
That WHEN amy merchant, factor, or
other person has advanced money,
property or supplies Oh cotton, suga.
or other agricultural products, and the
same has been consigned 10 him by
ship, steamboat, vessel, railroad or
other carrier. the said agricultural
products shall be pledged to the con-
sgnee thereof from the time the bill
OF lading thereof shall be put in the
mail, OF put into the possession Of the
carrier Tor transmission to the con-
signee, and the right Of pledge shall
be perfect, with right of sale of said
property, whioh shaft be fully vested
in said consignee; with the right tx
appropriate the proceeds Of sale tC
the payment of the amount due fol
such advances as may have beer
, thereon; provided, that nothing here
in shall be so construed as to deieat
or lesson the privileges of the labor
r ers and landlords in this State fol
wages and rent, as now existing by
law
"See. 3. Be it furthef enacted. etc
5 That all merchants, factors ant
others who may have a general bal
l ance of account, or any sum ofmone,
! due them by any consignee or othe
person sending them cotton, sugar o
4 other agricultural products for sale /,
, the port of New Orleans, or at an,
other town or city in the State, shal
e have pledge upon all such psopert.
v consigned OF sent to them by ship
vessel, railroad or other carrier froI
e the time the bill of lading or receip
4 therefor by the carrier is deposited i
the mail or given to the carrier is de
s posted in the mail or given to tn
carrier for transmission, which pledg
} shall be perfect, with the right of sal
; of said property which shall be full
. vested in said consignee, with tn
= right to appropriate the proceeds {
$. sale to the payment of the amour
Y due such consignee; provided, thu
Y nothing herein shall be so construe
% as to defeat or lesson the privilege
: the laborers and landlords in tn
10 State for wages and rent as now G,
isting by law"