The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1912-01-06
Judgment the public interest demands


II.
5. The board Of commissioners
shall appoint an expert cotton grad
er. whose compensation shall be
fixed by me board and the said cot
ton grader shall be subject to re-
moval by the board Of commission
ers whenever In their Judgment the
public interest demands 1t.
s. The State warehouse commits
sion are empowered to acquire such
property as they may deem necessary
to carry out the purposes of this
Act, such property may be acquired
by lease. purchase or condemnation
proceedings as in other cases where
private property Is taken for pub
lie use.
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 ware
house commission.
Each bale Of cotton shall be
weighed. graded and numbered so as
to be according to the standard
grades adopted by the United States
Government.
The person 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 the weight.
grade and number Of each bale. The
receipt to be transferable only by
written assignment and the cotton
which It represents deliverable only
upon the production Of the receipt,
which IA to be marked cancelled"
when the cotton is taken from the
warehouse.
8. The State warehouse commits
sion II 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 being In any
sense a debt or obligation Of the
State Of South Carolina. but a speci-
nc lien on such warehouse property.
o. In fixing the charge for hand
ling and storing cotton the commits
sion shall in addition to a sinking
fund a. provided for In Section s,
also provide q sinking fund for the
retirement Of the amount advanced
by the State. in fif-y years.
10. The charges on cotton shall
also after the system herein provided
for has been In operation for two
years. cover all current operating ex-
penses. It being the intention Of this
Act to make the system self-sustain-
ing.
II. The warehouse commission
shall have the power to acquire by
lease any standard. built cotton ware
house in the several counties Of the
State ana operate them in all respects
under the provisions Of this Act as
applied to the State warehouse.
IL. The manager. graded or other
oficers at any warehouse operated by
the State shall execute such bond for
the faithful performance Of their
duties as may be required by the
State warehouse commission.
1s. 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 a 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.
II. The chairman Of the board
shall in addition to the duties herein
provided be charged with the work
looking to the promotion OF agricul-
ture. manufacturing and all matters
tending to the Industrial develop
hcit VI the state. re snail nave one
clerk at a salary Of 81 600 per an
mum for the work not connected with
his duties on the board Of commits
sioners.
15. The compensation Of the
chairman shall be $2.100 per anuum
and the compensation Of the other
members Of the board shall he Sc per
day OF each days attendance and 10
cents per mile for each mile actual
ly travelled.
lS. The State board shall make
an annual report of the operations
Of the warehouse system to the Cen
sral Assembly.
hA