The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-05-02


exceeding i've years. or ~ s me not fexceed.
Sec g Tissue FOR - WAREHOUSE;
MANS GOODS OF RECEIPTS WHICH sDO
NOT STATE THAT THAT FACED Where there
man goods Of which he Is owsier. either sole
" or Jointly or In common with others. such
warehousenaan or any Of his officers, AGENTS
sues or aids in, issuing a negotiable receipt
for such goods which does mot state such
ownership a shah be guilty Of crime and q
ohense fby Imprisonment not exceeding one
year, or by ine not exceeding one thousand
oo sse: s e 81 Eve OF GOODS WITH
OUT OBTAINING NEGOTIABLE RECEIPT.
A warehouseman, or any officer, agent; or
goods out, of the possession OF such ware
Knowing that negotiable receipt
the negotiation of which would transfer the
standing and uncancelled.~ without obtaining
the possession OF such receipt at or before
the the time Of such delivery shall except ~ u
vtction' shall be punished for. each offense by
not exceeding one year, OF ny
a, fine not exceeding one thousand dollars. OF
Sec. : 5s.-NEaor1AT1oN OF RECEIPT
who deposits goods to which he has not IL
tie, or upon which there is lien or mort
gage and who takes for such goods ne
ates for value with intent to deceive and
without disclosing his want of title or the
existence of the lien or mortgage shall be
be punished for each offense by imprisonment
not exceeding one year, or by fine not ex-
ceedlns one thousand dollars. or by both.
NEUTRALITY-SUSPICIOUS. H.
IN ACT) In any case not provided fol In
this Act. the rules of law and equity, in
Guiding the law merchant, and In particular oa
agent and to the effect Of fraud, misrepresen-
tation, duress or coercion, mistake, bank
ruptcy, or other invalidating cause. shall
Sec. -qNTERPRETAroN SHALL
GIVE EFFECT TO PURPOSE OF UNI
and construed as to efrectuate its general pur-
pose to make uniform the law OF those States
Sec. 5s-(DET1N1T1oNs}: ~ In this Act,
faction" includes counter claim, seton,
"Delivery'' means voluntary transfer Of
from to ooaa nf which
ts CUSTOM treated as ths eeuiv.lent Of
Goods: means chattels or merchandise
be stored.
Holder Of a receipt means . person who
has both actue, OF such receipt
"order'' means an order by Endorsement
on o tss ssee'P DE-. not ,nc,ua. mortgage.
Person includes a corporation or part
nership or two or more persons having
JOINT or common i Interest to tax.
gage or as pledges e;,,,u. nor+.,s.. and
Receipt means a. warehouse receipt.
value is any consideration sufficient to
support simple contract. An antecedent
or not, constitutes value where a receipt is
taken either in satisfaction thereof or as &C.
curity therefor. :,
engaged in the business Of storing goods for
e. A thing is done I'm good faith. :, h.
fact done honestly, whether it be done negli-
R2Es S 4sr 5452'.5a.
this Act do not apply to receipts made and
delivered prior to the taking effect Of this
Sec. eo-UNCoNs1sTENT LEGISLATION
All Acts or parts of Acts In
consistent with this act are hereby repealed:
Sec 61.-(TIME WHEN THE ACT TAKES
t9FFECT.) This Act shall take effect on the
first day Of January. one thousand nine hun
o' Sec. az s2.UtNAMis OF AcT) This Act may
be cited as the Uniform Warehouse Receipts
Approved April 2 1918.
CHAPTER 1875. F. No. 1853.
onfitlo6 authorizing
Of over nifty thousand inhabitants to issue
a rate. of interest in excess Of that limited
Be SR5stsS y the Legislature of the State
Section l. Any city Of this state now or
having Of oyer ft
empowered to issue and SELL to the amount
and in the manner and for the purposes pro
bonds authorized by the terms Of such char
eeedine tosr ard o9s:halt az Res cent per per
tanned in any such charter in reference to
the rate Of interest that such bonds may
bear. Such bonds shall not be sold , for less
to the highest responsible bidder therefor;
provided. that this act shall not in any way
Of any such city authorized by its charter,
nor the rate of interest thereon.
Sec. 2. This act shall also apply to cities
existing under q charter framed pursuant to
Section SO. Article Of the Constitution and
all acts and parts Of acts inconsistent here
Sec. 8. This act shall take effect and be
in force from and after Its passage.
Approved April l. 1913.
CHAPTER 1e3--H. F: No, $780,
AN ACT to amend Sections two (2), seven ~
and eight 49, Of Chapter three hundred
titled AN Act to Provide for the Taxation
of Mortgages Of Real Property"
Be it enacted by the Legislature OF the State
Section T. Section two Of Chapter three
hundred and twenty-eight (32s) of the Laws
of 1907 is hereby amended to read as fol-
Sec. q A tax of fifteen cents is hereby
imposed upon each hundred dollars. or frac-
Sa G s @ IN any
be, secured by any mortgage OF real prop.
erty situate within the state executed and
1ereof and Recorded or
Executed Executed and Delivered shall not be recorded
originally stipulated in section two G) here
of as originally enacted: Provided further
that If q ahs
of the whole debt secured thereby as the
uat ee in this state bears to the Value Of the
whole of the real estate described therein, as
such value shall he determined by the state
0uOllOr upon dppllCdtlOH OI lIlS OiIeoSeoy
and provided further that If the maturity OF
the said debt secured by the said mortgage.
as therein stipulated. shall be fixed at a date
more than five years after the date of said
mortgage, then and in that case the tax to
be paid thereon shall be at the rate of TWEEN
ty-fve cents on each hundred dollars or frac-
ton thereof.
Sec. 2 Section seven % OF chapter three
hundred twenty-eight 1929 is hereby amended
to read as follows:
Sec. 7. No such mortgage. no papers relat-
ing to its foreclosure nor any assignment OF
satisfaction thereof shall be recorded or reg
istered after the passage Of this act unless
said tax shall have been paid; nor shall any
such document or any record thereof. be re-
ceived in evidence, in any court, Or have any
ualiditv az notice or otherwise.