Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1912-01-30

tive terms of each. In case of va
cancy by death or otherwise on the
board of commissioners, the governor
shall appoint person to fill such va
cancy until the next regular session Of
the general assembly, when an cleo
ton shall be held as provided for in
this section.
Sec. 2. The chairman Of the board
thus created shall be designated by
the general assembly at the time Of
the election provided for in section
of this act.
Sec. 3. 1t shall be the duty Of the
State Warehouse commission to pro-
vide a warehouse at the most eligible
site in this state. capable Of storing
not less than 250.000 bales Of cotton,
and the commission Is hereby given
/ power and authority to employ clerks,
architects and engineers and adopt
rules and regulations not contrary to
the provisions herein set forth which
| in their judgment are necessary to
carry out the intent and purposes Of
| this act.
Sec. 4. The manager of the state
| warehouse shall be appointed by the
board of commissioners, who shall
| fix the compensation Of such manager
and the said manager shall be subject
to removal by the board Of commits
sioners whenever in their judgment
the public interest demands 1t.
Sec. 5. The board Of commission
ers shall appoint expert cotton graders
whose compensation shall be fixed by
the board and the said cotton graders
shall be subject to removal by the
board of commissioners whenever in
their judgment the public interest de-
mands 1t.
Sec. 6. The State Warehouse COM
missioners are empowered to acquire
such property as they may deem
necessary to carry out the purposes Of
| this act; such property may be ac-
quired by lease, purchase or con-
ldemnation proceedings, as in other
cases where private property is taken
for public use.
Sec. Z. All lint cotton properly
baled shall be received for storage at
the state warehouse, and the charges
for same shall be fixed by the State
Warehouse commission. Each bale of
cotton shall be weighed, graded and
numbered, so as to be Identified at
all times. The grades to be according
to the standard grades adopted by the
United States government. The per-
sons depositing the cotton shall be
given a receipt from the state Of
South Carolina, signed by the manager
of the state warehouse, which receipt
shall give weight, grade and the num-
ber Of each bale. The receipt to be
transferable only by written assign
ment and the cotton which 1t repre-
sents deliverable only upon the pro-
duction of the receipt, which Is to be
marked (cancelled) when the cotton
is taken from the warehouse. All cot
ton on storage shall be fully insured.
Sec. 8. The state warehouse COM
mission Is empowered to issue bonds
payable thirty years from date, and
such bonds are hereby created a lien
on all Of the real estate acquired un-
der this act by the state warehouse
commission. The said bonds not be-
ing in any sense debt or obligation
Of the state of South Carolina, but a
specific lien on such warehouse prop
erty and the profits therof.
Sec. 8: In fixing the charges for
handling and storing cotton, the COM
mission shall, in addition to a sinking
fund, as provided for in section s, al
so provide a sinking fund for the re-
tirement Of the amount advanced by
the state in fifty years.
Sec, 10. The charges on cotton
shall, after the system herein provided
for has been in operation, cover all
current operating expenses, 1t being
the intention of this act to make this
system self-sustaining and at the same
time give storage at actual cost.
Sec. II. The Warehouse commits
sion shall have the power to acquire
by lease any standard built cotton
warehouse in the several towns of the
state and operate them in all respects
under the provisions Of this act, as
applied to the state warehouse. That
each commissioner, when elected or
appointed under this act, before enter
ing upon the duties herein imposed,
shall execute to the state his official
bond in the sum of $4,000 each for
the faithful performance Of their du-
ties.
Sec. 12. And the managers, grad
ers or other officers at any warehouse
operated by the state, shall execute
such bonds for the faithful perform
ance Of their duties as may be re-
quired by the State Warehouse COM
mission.
Sec. 13. Any person offering cotton
for sale in the open market can have
his cotton weighed and graded at any
warehouse operated by the state. and
shall receive his certificate setting
forth the number. weight and grade
of each bale. The fee for such SER
vices not to exceed the sum Of 25
cents for each bale so weighed and
graded.
Sec. IA. The compensation of the
chairman shall be $2,100 per annum,
and the compensation Of the other
members of the board shall be Sc per
day Of each days attendance and 10
cents per mile for each mile actually
Travelled.
Sec Is. The state board shall
make an annual report Of the opera
tions of the warehouse system to the
general assembly.
Sec. 16. The sum of $4,000 Is here
by appropriated for the contingent
expenses Of said board, and the sum
Of $250,000 to carry out the purposes
Of this act Is hereby appropriated.
Sec. II. All acts and parts Of acts
Inconsistent with this act be, and the