The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-31
TO PREVENT FRAUD.
Law Passed I'm Louisiana TO Protect
CrcNitnrN.

LII" russo" IN iouis""" 10 fr"'ec
'rcui'"rs'
The New orleans Credit Mems associa-
ton has worked diligently to secure leg
islation 10 nrevont fraud in assignments
-. 80,
Gnu ~ p'o'ee' 'he eieni'of "ho mas soiu
ire goods. AS the question OF amending
the Texas assignment law is being agitated
| the following passed nv the last session nj
| ~. .,:,.,.,o ,...,....'-
| '-'"' 'io'' Va 'A
IeFest'
Senate bill No. S9-An act making 1t a
| penal offense - obtain credit or goods or
money Or other property by any false state
ment in writing made to any merchant,
dealer or bank with the fraudulent intent
| to obtain credit whereby any one RELYING
uIon this statement is uefrauded
| BE it enacted by the general assembly of
the State OF Louisiana. Section |. That
| If any person shall make any false state
m.nt, in writing, OF bis financial condition
| TO any merchant, dealer or bank with the
| fraudulent intent or obtaining credit,
| goods, money or other property and slall
| by said false statement obtain credit
| goods, money or other property, and any
one shall be injured by said false state
ment, he shall be punished BY imprison-
ment for not less than one year and not
more than five years, and fined in the dis
erection of the court
Section . That all laws in conflict here
with be and they are hereby repealed. and
that this take effect from and after its
passage
Senate bill No. 91-An act TO amend and
re enact act No. 49,; of 1894 apnroved Ju,y
is 1894 entitled can act to define ma
punish certain misdame,nors in trade and
commerce and to define tho crimes M
purchasing goods wares mercb,ndise mn
der an assumed name with tho intept In
TO make II a crime for any ono To nurchnse
goods wares merchandise ON credit and
sell. hypothecate or dispose of same out ~
the usual co,rsa of business with tba ;ntort
TO cheat ar dafraud the vonaor or seller
and also to make II n crime for any onc
to purchase goods wares merchanIisr ~,
credit and thep to ahsrond fror,, III, c,o,a
or secrete himself yyitb the intent of cheat
ing or defroudiny tbo venJor ,r .sIier. AND
also IN mako II a crime for any ona ,yilf,,il,
and knowingly tn nurohase in bloclss gnod.
wnres merchandise or other nrnner.Y NJ
raid for from amy one without exoctIne
from the seller 81 v,rittcn ,ffidayit mai sai5
rnods wares ,rerchardIso -, n,ho. ,ro,cr'
~ has hoen Maid for and maxim, tho faii-
IRE tn cxact such affidavit and tb.. f,i1,,ro
of tho sclior 10 nov, TIC ,rhoI,' Of sotn .,''n
chase nrice to bis creditors In nronor,inn T.,
tbe amount ~ their resnective cl,i,rs a,.i.
dcnpe of tbo ernudulent intont within ,be
meaning NJ This grt and tn fiy tho nrnish
mont of said offanse
Re- If enacted IN, tb, gsnera, .ssa,,b,,. n,
tho STATE Of Louisiana Thot o., NJ ,sc
NJ me snssion 81 IsaI ,rnrovad liz -
1891 he amended and re-enacted so as +,
read as follows.
Section That whoevar shall nurc,ase
goods wares merchandise under an 81
sumed mr. fjc,itious name and With intent
10 cheat or defraud The seller or vendor
shall be quiltv of a misde,neonor and ON
CONVECTION thereof shall suffer fine in The
discretion Of the court and hi. imnrIsnnad
not less than six nor more than twelve
months
Section . Re It further enacted etc
that whoever shall nurchase goods wares
merchandise on cre.,jt. and shall sell Nv
potbecate pleduo or otherwise 1isno,e or
same out Of the usual course of business
and with the intent 10 cheat or defraud the
seller or vendor. shall be guilty Of a mis-
demcanor and on conviction thereof shall
suffer fine in the discretion of rho court
and imurisonment NOT lees than six NOR
more than twelve months.
Section q BE II further enacted. etc.
that whosoeyer shall purchase goods. wares.