The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1892-01-28

ISOLATION, copartnership, or cor
poration, who shall, in their own
behalf, Or as broker, agent, or EN-
ploye Of another, deal in futures, .
or make any futures" contract OF
agreement, as hereinbefore defined,
shall be deemed a dealer in Fsfut.
ures."
Sec. 5. That every person, as
soclation, copartnership or corpor-
alton engaged in, or proposing to
engage in, the business Of dealer
in options or Of dealer in Gu
lures" as hereinbefore defined shall.
before commencing such business
or making any such "options'' or
futures contract or agreement,
make application in writing to the
collector of internal revenue for
the district in which he proposes
to engage in such business or make
such contract or agreement, set
ting forth the name of the person.
association or partnership, or cor
poration, place of residence of the
applicant, the business engaged in,
and where such business is to be
carried on, and in case of partner
ship, association, or corporation,
the names and places of residence
OF the several persons constituting
the same, and shall thereupon paw
to such collector the sum aforesaid
of 81, 600, and shall also execute
and deliver to such collector a
bond in the penal sum of SIS. 900.
with two or more sureties satisfac-
tory to the collector, conditioned
upon the full and faithful COM
pliance by the obligor therein with
all the requirements of this act.
And thereupon the collector shall
issue to such applicant certificate,
in such form as the commissioner
OF internal int revenue shall prescribe,
that such applicant is authorized
for the. period Of one year from
the date of such certificate to be a
dealer in Options or Cultures,
and to make ''options'' or futures, :"
contracts or agreements as herein
before defined, and for the period
specified in such certificate the
party to whom it issued may con-
duct the business of dealer as
aforesaid. Such certificates may
be renewed annually upon COM
pliance with the provisions of this
act, and any "options'' or E'fut-
ures," contract or agreement as
defined by this act shall be abso-
lutely void as between the parties
thereto and their respective assigns
unless the party making such con-
tract or agreement shall have at
the time of making the same a
certificate as aforesaid authorizing
the making thereof.
Sec. 6. That it shall be the
duty Of the collector to keep in his
office a register containing a copy
of each and every application
made to him under the foregoing
section, and a statement in con-
nection Herewith as to whether a
certificate had been issued thereon,
and for that period which book or
register shall be public record
and be subject to the inspection of
any and all persons desiring to ex-
anime the same.
Sec. Z. That every 'soption"
or futures" contract or agree
ment, as hereinbefore defined,
shall be in writing and signed in
duplicate by the parties making
the same; and any such contract or
agreement not so made and signed,
as between the parties thereto and
their assigns, shall be absolutely
void.
Sec. s. That it shall be the
duty Of every person, co-partner-
ship, association or corporation,
on the first day Of the week next
succeeding the date Of the certifi-
cate issued to them, and on the
first day Of each and every week
thereafter, to make the collector
al - 1414,sol L. 80 I. g$5..--,. ~