The intelligencer. [volume] (Lexington, Mo.) 1887-1891, 1889-08-03

Be 1t enacted by The General assembly
OF The State Of Missouri, as JotlO,0S:
Section 1. All purchases and sales
or pretended purchases and sales, or
contracts and agreements tor the pur-
chase and sale, of the shares of stocks
or bonds OF any corporation, or petro-
leum, provisions, cotton, grain or agri-
cultural products whatever, either on
margin or otherwise, without any in
tention of receiving and paying for the
property so bought, or of delivering
the property SO sold, and all the buying
or selling or pretended buying or sell
ling of such property on margins or on
optional delivery, when the party sell
ling the same, or offering to sell the
same, does not intend to have the full
amount of the property on hand or
under his control tc deliver upon such
sale, or when the party buying any
of such property or offering to buy
the same does not intend actually to
receive the full amount OF the same
il purchased, are hereby declared to be
yamuling and unlawful. and the same
is hereby prohibited. Any company,
copartnership or corporation, or mem
Der, officer or agent thereof,o or any per
son found guilty of violation of the
provisions of this section, shall be fined
| in a sum not less than three hundred
dollars nor more than three thousand
dollars.
Sec. 2. 1t shall not be necessary, IN
order to commit the offenSe defined in
section one of this act above recited
that both the buyer and seller shall
agree to do any of the acts above pro-
hibited, but the said offense shall be
complete against any corporation, asso-
citation, copartnership or person thus
pretending or Offering to sell, or thus
pretendidg or Offering to buy, whether
the offer to sell or buy is accepted OF
not, and any corporation, ASSOCIATION
copartnership or person, or agent
thereof, who shall communicate, re-
ceive, exhibit or display II any manner
anv such offer to buy or sell, or any
statements or quotations. of the price,
OF any such property, with a view t.
any such transaction as aforesaid, shall
tor each such Offense, be deemed anC
neld to be all accessory thereto, and
upon conviction thereof, shall be tinet
the same as the principal; and any sucl
corporation. association, copartnershil
or person or agent permitting any sucl
communications, reception, exhibit o
display shall, for every such offCnse, b
fined a sum not less than three hundred
dollars nor more than TWO Thousand
dollars.
Sec. 3. Ii shall be unlawful for an,
corporation, ASSOCIATION, copartnershi
or person to keep or cause 10 be KEEP
IN this state, any office, store or othe
place wherein is conducted or permit
ted the pretended buying or selling u
the shares of stocks or bonds of an
corporation, or petroleum, provisions
cotton, grain OF agricultural product
whatever, either on marquis or other
wise, without any intention of reCciY
ing and paying for the property s.
bought, or OF delivering the property s
sold, or wherein is conducted or pey
mitted the pretended buying or seiir!
of such property on margins, when tn
party selling the same, or Offering t
= sell the same, does not intend to hlV
the full amount of property on-hand q
under his control to deliver upon SUE
sale, or when the party buying any {
such property, or offering to buy Il!
same, does not intend actually I
receive the same if purchased, or to dc
liver the same if sold; and the keepin
of all such places is hereby prohibited
and any person, company, cOpartncr
ship or corporation, or officer or agel
thereof, that shall be guilty of violatin
this section, shall, upon convictio
thereof, be fined in Il sum not less tha
five hundred dollars nor more than iiv
J. thousand dollars.
II Sec. 4 1t shall be the duty of ever
II commission merchant. copartnershil
c association, corporation or broker dr
IS ing business as such to furnish To ever
customer or principal for whom sue
= commission merchant, broker, coptr
Is nership, corporation or association h'
u executed any order for the actual pul
Is chase or sale of any OF the com,n"diri,
b, reinbefore mentioned, either for in