The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1874-04-10
Am Act

To enable planters, farmers, merchants, traders
and others to pledge and pawn cotton, sugar
and other agricultural products to merchants,
factors and others; and to confer a pledge by
the transmission of q bill of lading Or carriers
receipt by mail or by carrier.
SECTION 1. Be it enacted by the Senate and
House OF Representatives of the State OF Louis
lana in General Assembly convened, That, in
addition to the privilege now conferred by law,
any planter or farmer may pledge or pawn his
growing crop of cotton, sugar or other agFicul-
tural products for advances i'll money, goods and
necessary supplies that he may require for the
production of the same, by entering into q writ
ten agreement recorded in the office of the re
c0rder OF mortgages of the parish where said
cotton, sugar or, other agricultural product is
produced, which recorded contract shall gyc and
confer on The merchant or other person adyanc-
ing money, goods and necessary supplies for the
production of the said agricultural product, a
right OF pledge upon the said CROP tho same as
if the said crop had been in the possession of the
pledgee; provided, that the right of pledge thus
conferred shall be subordinate to that of the
claim of the laborers for wages and for the rent
of the land on which the crop was produced. 81
SEC, 2. Be it further enacted, etc, That when
any merchant, factor or other person has adj
vaneed money, property or supplies on cotton,
sugar. or other agricultural products, and the
same has been consigned TO hin by ship, steam
boat, vessel, railroad or other carrier, the said
agricultural products: shall he pledged to the
eOnsignee thereof from the time the bin of la
ding thereof shall be put in the maii, or put into
the possession of the carrier for transmission to
WV oANF 0ANA tiAS AASAAA va tNSkS cAiGNlA II
perfect, with right Of sale Of said property,
which shall be fully vested in said c~Onsignee,
with the right to appropriate the proceeds of
sale to the payment OF the amount due for such
advances rs may have been made thereon pro-
ridcd, that nothing herein shall be so construed
as TO defeat OF lessen the privileges of the Ia
bOrerS and Landlords in this State for wages and
rent, MS now existing by law. . .
SEC. 3. Be it further enacted, etc, That all
merchants, Factors and others who may have Il
general balance of account, or any sum OF mon
ey due them by any eonsignee or other person
sending them cotton, sugar or Other a%gricu1tura
products fon sale at the port of New Orleans, or
Mt any other town or city i'll the State, Shall
have a pledge upon all such property consigned
or sent TO them by ship, vessel, sraiirOadnr other
carrier from the time the bill of aiding or receipt
therefor by the carrier is deposited in the mail
or given to the carrier for transmission, which
pledge shall he perfect, with the right of safe of
said property which shall be fully vested in said
consignee, with the right to appropriate the
proceeds of sale to the payment of the amount
herein shall bese construed as to defeat or les
sen the privilege of the laborers and landlords
in this State for wages and rent as now existing
by law. ~4'3t '<Ed
SEC. 4. Be it further enacted, etc., That this
act shall take effect from and after its passage,
the provisions OF this act be and the same are
hereby repealed. f
(signedl CHARLES w. LOWELL. tr
Speaker of the House of Representatives. .
tSignedl &C. ANTOINE, .. &C.,.
Lieutenant Governor and President of the Sen
Approved Marbh q. 1874. s7as. 5~-z.u
tSignedI WILLIAM p. KELLOGG, set
Governor Of the State of Louisiana.
a true copy:
~@" PIG D%EsLoNDE, . tatr. SOP If
Secretary of State. la4vl5.s4 sol.