The Superior times. [volume] (Superior, Wis.) 1870-1912, 1899-05-20

! MUM on an insurance contract Is nesoua-
| biII Tor S55, for work done on logs, ac-
| cepted to pay when due, Is negotlauie. =
| Me 4s6. approved i'll Corbet '. clark, to
An addition to Il note of the words For
two mills, remit as soon as Sold does not
! note is negotiable. Ward v iefHso %
a MODE OF REIMBURSEMENT OR
! PAYMENT, as, 4 reference TO pr"hts
or an expected salary, Or TO take the same
out OF our share Of the grain, does r,,, not
| affect the negutiahilijy. COrhett V. Clark,
| supra Am. X Eng. Ency. IS.
Section l6754 An instrument is payable
/ at Il determinable future time. within the
| meaning of this chapter, which Is expressed
| to be pavable:-
/ At a fixed period after date, or sight, or
! >. ON or before a fixed or determlnaDIe
! future time specified therein; or
3. On or at fixed period after the oc-
! currence of specified event which Is Gel, Ger
! ing be uncertain.
| / At a fixed period after date or sight,
! though payable before then on contin-
! gency An Instrument payable upon a con
! tingency, IS not negotiable, and The happen
Ing Of the event does not cure the defect
! NdTE-AT No SPECIFIED TINE.
! Such an instrument is payable at once
i4 TF0% 4 CtWNTIIGENCY. An instru-
meut sued upon a promiSSory note, when
/ produced ill evidence. had endorsed thereon
Il condition that the payec or bearer was
/ = not to expect payment until certain prop
| erry of the maker WAS sold for 1alr
/ price. Held, that if 50 endorsed at TN, Jh1
/ time Of its delivery (Which may be proved
/ by paroD, ii was Il mere coudltlohal agrte-
/ ment. Blake '. Coleman, = , WIS: %,'o,
| company for the premium uDon n policy OF
/ insurance. its negotiable character Is not
| that if it shall not be paid at maturity. the
! whole amount of premium On such puhcy
icy shall be void while the note remains
! overdue and unpaid Kirk Y. Insurance o.,
g Wis l5S: But see secs; III , ISto,
/ able when convenient" or as
soon as can or when payer and pave,
mutually agree IS due on demand ana
He GE0NTRACT 10 EXTENT TINE. The
words this note to be extended il desired
( by makers, iudOrscd Oh note. are too in
| krouskop V. ShUntH, 81 Wis. 2Oi
y note containing provision that IL Is 10
be renewed at maturity renders the TINE OF
| payment uncertain. Citizens Nat. Bk. '.
| IiuIlet. 10 Pa 81. 500
| 81 ID T. This subdivision is added 10 the
act as originally proposed. i'll order to har-
monte with subd. Of this section. and to
remove the doubt whether Il note payable,
fore if realized from the sale of a machine
,54 Ind. l2u would be wiihin subd. :. See
Y. Buck, Met; 5>S; Palmer V Hummer
10 kas. 464; StultS v. Silva, Il9 Mass. 49,.
CERTAIN TO HAPPEN This is within
the authorities. Am. X Eng. Ency ". %.
Section 1919 >. An instrument which con
taius an order or promise to do any act in
nGgotjaI,lr, Eut liz nrgoii:.blr character of
an instrument otherwise negotiable is not
affected 10y 4 provision which
/. Authorizes the sale OF collateral Securl-
m nI ri yS Sr '' iS'i ue' 0e ''o' PAM
Authnrizns q confession of INDICTMENT if
TN. Instrument h. moi Maid nj maturity. or
:. \EYfyns mo h.uart If any law intended
for the advantage or protection of the
,.i,.. tho boI1.r m .i.c+iop =, raonir,
sn,nnii,i,, -, In dom. in Hon of SVpIeIit If
m9}HSS. LUZ MothiHs III inIS 5tcfl2h s Il
u.s. iii - ,b W.i, If ~
80, IN - fr, -, III ""'A " -
W. WL,r., tir,. imt,r,,-t ~, g, ,,+a ,,i,,.r
to a railroad company. and secured by
mortga.,", WAS paynbJS opnually. and bof1
y, Ii> Sr@'r ,r o'% ,Mirn WaS p1yaDle
terFrd WITH i hGHd Of the rompany a.,
holder paymGui Of me Interest semi annual
- d, i"i ,'l,i J.lC pay M, iIItIL oi
aIS3 PI@fI1rd iIl"l tne NOE ana mort sac
Iii int nor ,,,Lr,t.i,,. ~ nm, ~.
nnrrhasrr lyLon,,mryrr'' HIN that MS
guaranty did not affect the nag"tfabir
|r'I,.trr If tb. nnf, ana II,,,.f. -,
Gr..v.S 81 NJ I'M 81 al ~ vi On;
The statement that the mote is secured
Kim ay u Wnf mo, "rtG W. us ma mesot"
'GiIyr,S ,TiIE JinjHT.I ~ III ii,arInv
TIA, f'iI,,,., h., am hri'i ~
-, -, vs. INT ""'iio'4'4'S' I'm Ing
~ ~ i,:rI1c I,p c1I ,,r,rI,r 4, ,,-tr,.>- ,.r.>-
uGTI irI,, IN, ,rI,I v riT-N
I1Aip SurI ins,rumtIi- arr, n,..e,1iaI'I :,
- !, I.,,iif, -, ,,,ri.,.t, = - -.
i 3fS '4''P ~ 10y
S.,inn IT, e Nv. ,otilitv o,,i ,,o,,,,,i,
L ,har,t,tr If ~, insfrI,In,pt l.,I r..
f,ct,.J IN thn f,,f tI,1t " " ~ -
n il nnt It,.tt ar
> M. 40 ,,..,.if,. III, ,-,I,. ,,i,...,, -
~, ,,, - M ,, l. - = ~ "
I,,,,, ,'t ,'n,,if,, H. -,'r' ,tiT,,r -o -
lr,,,,.,, 80, ~, , ',,-i,.,rP - 49, - -
! - d go, VI ". i,,r 1T, 8 m 49,.
49,, - .i,i p pa 80 N,t'u u iIt''l
i IS ,i NH'i u i"' l''It - ~ pe Iuauo
I'u' 1'''ii"- IN ''lIH Stt!i"h Su'il amer or
repeal amy statute requiring III certain cases
ne la i uir "i ,HG 'ohsiuefAiIon |" De stated
III ne INST Tumrht
~ !. SltA ms chIhgtS the rule IN
TINS I,4 i, Iarkin>9u '. Mchlrh, I'm IA
i'hENI MoNEh. See note TO Sec
To-. /.
on ItiiidHu.
l. ,NhtIE II - expressed 10 De paEable
Oh ucHI''h"' OF at siShl' or on presentations
OF
pressed here ali instrument IS issued,
accepted, or, indorsed, when overdue, it is,
or undressing IT, payable on demand.
NoIE-ND TIME FOR PAYMENT. Such
note IS payable at once. Husbrouck Y.
Wilder. ! Pin. Gi3.
On DEMAND. The instrument is due at
once, and suit may be Immediately brought
without demand 4 Am. & Eng. Ency, 5i$
Section lGI5 y The Instrument is payable
to order where il is drawn PAYABLE to The
order of q specified person. or to him or his
order. 1t may be drawn payable to the or
der Of
!. \ Uaycc who is not maker, drawer or
wee