The Caucasian. [volume] (Alexandria, La.) 1874-1875, 1874-04-11
Acts Of the Legislature.
No. &C.
AN Artr


ITO enable planters, farmsrs, mer.
chants, traders and othcrB to pledge
and pawn cotton, augur nnl other
agricultural products 10 merchants,
factors and others and to confer ii
pledge by tho transmission IL bill
OF hiding or carriers receipt by mail
OF by tho carrier.
SECTION /. Be IL enacted by the
Senate and Uonao Of Representatives
Of the State Of Louisiana In General
Assembly conveyed, That, In addition
to The privilege now conferred by law,
amy rlhnter or farmer may pledge or
pawn his growing crop Of cotton, sugar
or ether agricultural products for adj
vances IN money, goods and necessary
supplies that he may require for the
production OF the same, by entering
into u written agreement to pledge the
slime and having tho agreement re-
corded III the oiliee Of the recorder OF
mortgages OF Tho parish where snisl
cotton, sugar or other agricultural pro.
dnct IL produced, which recorded CON
tract shall give and confer on the
merchant or other peraon advancing
manas. goods aud necessary A,ippiea
for the production Of the said ngiicul
tural product, q right Of pledge upon
the said crop, the samo rs II the said
crop had been IN the possession Of the
Pledge; provided, that tho right oi
pledge thus conferred shall he snbor-
IdIpnte 10 that Of the claim Of tho labor
az f..t,s FL ~.
land on which the crop was produced.
SEC. z, He = further enacted. etc,
That when aay merchant, iactor, on
other person has advanced money,
property OF supplies on cotton, sugar
OF other agricultural products, aud The
same has been consigned to him by
'ship, steamboat, vessel, railrond or
other carrier, the said agricultural pro.
ducts shall DC pledged to the consinen
thereof ftom tho time the bill of ia1ng,
thereof shall be put in the mail, or put
into The possession Of tho carrier for
transmission to the eonsinee, aud the
right Of pledge shall be perfect, with
right OF sale Of said property, which
shall be fully vested III enid consinee,
witt, the right 10 appropriate the pro-
ceeds Of sale to the payment Of the
amount duo for such advances ns may
have been made thereon, provided,
TINT nothing herein ghall be 80 con
stfued AZ to defeat or lesscn the privif
leges Of tho labofere and landlords ia
this State FOR wages and rent, ne now
existing by law.
SEC. 3. he it further enacted etc,
That all merchants, faetors and others
who may have a general balance Of
account, or any sum Of money due
them 10y any eonsinec or other pofaon
sending them cotton, sugar or other
agricultural propuets for sale ut the
poft Of New Orleans. or ut any Other
town Or city in tho State, shall have II
pledge upon all such property con-
signed ~ sent to them by sl,ip, vessel,
railroad or otlter carrier from tho Tins
the bill Of lading or receipt therefor by
the carrier IS deposited in The mail OF
given to the carricr for transmission,
which pledge shall be perfect, with the
right Of sails Of sail property which
shall bo fully vested in said consjgnee,
with The right to appropriate tho pro-
ceeds ol aala to tbs pa5 ment Of the
amount duo such consineo provided,
that nothing herein Hliall he SO con
strued ma tn defeat or lessen tho piivl.
lege Of the lubors and lnudlotds in this
State for wages aud rent as now exist
ing BY law.
SEc. 4. BE it further enacted, etc,
That this act shall take effect from and