The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1897-05-04

LEGISLATURE were 702 and l03, when
relate to the redemption of property
sold on execution. AS amended the
sections read as follows:
REDEMPTION OF PROPERTY.
TOP. The judgment debtor, or re-
demptioner, may redeem the property
from the purchaser any time Wlthln
twelve months after the sale on paying
the purchaser the amount Of his pur-
chase. with one per cent. per month
thereon in addition, up to the time OF
redemption together with the amount
of any assessment or taxes which the
purchaser may have paid thereon after
purchase, and interest on such amount
And if the purchaser be also credi-
tor having a prior lien to that OF the
redemptioner, other than the judgment
under which said purchase was made,
the amount of such lien with interest.
Section =. Section 703 of the Code OF
Civil Procedure is hereby amended SO
as to read as follows:
7O3. If property be so redeemed by
redemptiOner, another redemptlonef
may. within sixty days after the last
redemption, again redeem 1t from the
last redemptioner on paying the sum
paid on such last redemption, with two
per cent thereon in addition, and the
amount of any assessment or taxes
which the last redemptioner may nave
paid thereon after the redemption by
him, with interest on such amount, and
in addition, the amount of any liens
held by said last redemptiOner prior tc
his own, with interest; but the Judg-
ment under which the property was
sold need not be so paid as a lien. The
property may be again, and as often as
a redemptioner is so disposed, redeemed
from any previous redemptioner WlthlI
sixty days after the last redemption
on paying the sum paid on the last pre-
viouS redemption, with two per cent
thereon in addition, and the amounts
of any assessments or taxes which the
last previous redemptioner paid after
the redemption by him, with interest
thereon. and the amount of any liens
other than the judgment under which
the property was sold, held by the last
redemptioner previous to his own, WITH
interest. Written notice of redemp-
ton must be given to the Sheriff and a
duplicate filed with the Recorder OF
the county, and if any taxes or assess
ments are paid by the redemptioner. OF
if he has or acquires any lien other
than that upon which the redemption
was made, notice thereof must in like
manner be given to the Sheriff ano
filed with the Recorder; and If such no
tice be not filed, the property may be
redeemed without paying such tax, as
sessment or lien. If no redemption be
made within twelve months after the
sale, the purchaser, or his assignee, Is
entitled to a conveyance: or if SO re-
deemed, whenever sixty days have
elapsed, and no other redemption has
been made, and notice thereof given
and the time for redemption has ex-
pired. the last redemptioner, or his
assignee, is entitled to a Sheriff's deed;
but. in all cases, the judgment debtor
shall have the entire period of twelve
months from the date of the sale tC
redeem the property. If the judgment
debtor redeem, he must make the same
payments as are required to effect a
redemption by a redemptioner. If the
debtor redeem, the effect of the sale is
terminated, and he is restored to his
ESTATE. Upon q redemption by the
debtor, the person to whom the pay
ment is made must execute and de-
acknowledged or proved before an Off
Ger authorized to take acknowledg
ments of conveyances of real property
Such certificate must be filed and re
corded in the office of the Recorder OF
the county in which the property is
situated, and the Recorder must note
the record thereof in the margin of the
record of the certificate of sale.
MINING CORPORATIONS.
The Act passed by the Legislature t
amend the Act for the better protection
OF the stockholders in mining corpora
tions, will be interesting reading Il
those interested in mines. 1t is as fol.
lows:
Section /. 1t shall be the duty of tn,
Secretary of every corporation formed
for the purpose of mining, or conductin.
mining in California. to keep a compIet,
set of books showing all receipts ant
expenditures of such corporation thu
sources of such receipts. and the OBJ
jects of such expenditures. and also al
transfers of stock. All books and paper
shall at all times during business hour
be open to the inspection of any bon;
fide stakeholder; and if any stock
holder shall at any time so request. i
shall be the duty Of the Secretary to at
tend at the Office OF said company a
least one hour in the day out of regula
business hours, and exhibit such book
and papers of the company as sucl
stakeholder may desire, who shall be en-
titled to be accompanied by an expert
and he shall also be entitled TO max
copies or extracts from any such book
or papers. Any stakeholder may. a
reasonable hours, have permission t
examine such mining property. and h
shall be entitled TO be accompanied b,
an expert to examine such property, [
take samples. and to make such othe
examination as he may deem necessary
1t shall be the duty of the directors OF
the second Monday of each and ever
month to cause to be made an itemize
account or balance sheet for the previ
Gus month, embracing a full and com
plete statement OF all disbursements an
receipts, showing from what source
such receipts were derived, and for wha
and TO whom such disbursements o
payments We're made, and for what oh
Ject or purpose the same We're made
also all Indebtedness or liabilities in
CURED or existing at the time, and 70
what the same were incurred, and tn