The Birmingham age-herald., 1907-08-29

ate, the bill must be noted 6r protested with reasonable diligence
 Sec 16O. Where a bill Is lost or destroy ed, or is wrongfully detained from the person entitled to hold it, protest may be made on copy or written particulars thereof.
 Sec 161. Where a bill of exchange has been protested for dishonor by non-ac- ceptance or protested for better security, 1t is not overdue. any person not being party already liable thereon may, with the consent of the holder. intervene and accept the bill supra protest for the hon or of any party liable thereon or for the honor of the person for whose account the bill is drawn The acceptance for honor may be for part only of the sum for which the bill is drawn, and where there has been an acceptance for honor for one party, there may be a further acceptance by different person for the honor of another party.
 Sec 162. An acceptance for honor supra protest must be in writing and indicate that 1t is an acceptance for honor, and must be signed by the acceptor for honor. Sec. 163 Where an acceptance for honor  made, it is deemed to be an acceptance for the honor of the drawer.
 Sec. 1884. The acceptor for honor is liable to the holder and to all parties to the bill subsequent to the party for whose honor he has accepted.
 Sec. 165. The acceptor for honor by such acceptance engages that he will on due presentment pay the bill ac- cording to the terms of his accet tance, provided 1t shall not have been paid by the drawee, and provided also, that it shall have been duly presented for payment, and protested for non-pay- ment and notice of dishonorl gives to him.
 Sec. 166. When a bill payable after sight Is accepted for honor it's ma turity is calculated from the date of the noting for n-acceptance and not from the date of acceptance for honor.
 Sec. 167. Where dishonored bill has been accepted for honor supra pro- test or contains a reference in case of need, 1t must be prostested for non payment before 1t is presented for pay nent to the acceptor for honor or ref cree in case of need.
 Sec. 16s. Presentment for payment to the acceptor for honor must be made as follows: 1. If 1t Is to be presented in the place where the protest for non payment was made. 1t must be pre- scented not later than the day follow ing it's maturity. 2. If 1t is to be pre- scented in some other place,where it was protested, then it must be forwarded within the time specified in Section 101
 Sec. 169. The provisions of Section S1 apply where there is delay In mak- ing the presentment to the acceptor for honor or referee In case of need.
 Sec. ITO. When the bill is dish honored by the acceptor for honor 1t must be protested for non-payment by him.
 Sec. I'll. Where a bill has been pro tested for payment any person may intervene and pay 1t supra protest for the honor of the person for whose account it was drawn.
 Sec. 172. The payment for honor su- pra protest In order to operate as such and not as mere voluntary payment must be attested by a notariaI act oi honor which may be appended to the protest or form an extension to 1t.
 Sec. IFS. The notarial act of honor must be founded on declaration made by the payer for honor or by his agent >n that behalf declaring his intention tc pay the bill for honor and not for whose honor he pays.
 Sec. 174. Where two or more per sons offer to pay a bill for the honor of different parties the person whose payment will discharge most parties to the bill is to be given the preference
 Sec 175. Where a bill has been paid for honor all parties subsequent to the party for whose honor 1t was paid are discharged, but the payer for honor is subrogated for. and succeeds to- both the rights and duties of the holder as regards the party for whose honor he pays and all parties liable to the lat ter.
 Sec. 176 Where the holder of a bill refuses to receive payment supra pro- test, he loses the right of recourse against any party who would have been discharged by such payment.
 Sec. TIT. The payer for honor on pay Ing to the holder the amount of the bill and the notarial expenses incidental to its dishonor, is entitled to receive both the bill and the protest.
 Sec. IFS. Where bill is drawn in a set each part of the set being number. ed and containing a refrence to the other parts, and the whole of the parts constitute one i'll.
 
 Sec. 179. Where two or more part. of set are negotiated to different holders whose title first accrues is a. 2, between such holders the true owner ot ], he bill. But nothing in this sectior effects the rights of a person who 1T nue course accepts or pays the par first presented to him.
 Sec. 1s0. Where the holder of sci ndorses two or more parts to differen persons he is liable on every such part and every indorser subsequent to him fl liable on the part he has himself in norsed. as If such parts were separat, pills.
 Sec. 1s1. The acceptance may be writ ten on any part and 1t must be writ ten on one part only. If the drawet accepts more than one part and sucf Accepted parts are negotiable to differ snt holders in due course, he is liable pn every such part as If 1t were a sep trate bill.
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