Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1913-05-09

servant OF q warehonseman VINO deiiVera
knowing that 8 esotiabie receipt
the negotiation of which would transfer the
right to the possession Of such goods sis out
the Possession e such receipt at or before
tho cases provided tor in Sections, 4 and SO,
victfon shall be punished for each offense i by
Imprisonment not exceeding one year, or by
ine mot exceeding ono thousand dollars. O
. sec b5. --(SE;Gor1AT1oN OF RECEIPT
FOR MORTGAGED5GOo Any person
who deposits goods e which he has not or &,
gage, and who takes for such goods g ne e
gotiable receipt which he afterwards neEoti.
without its s t asSsiy s. &c
existence Of the lien or mortgage y shall g
guilty OF crime, and upon convtction snal
be punished for each offense by Imprisonment,
not exceeding one year, or by hne not ex'
ceeding one thousand dollars. or By both.
u sS PART v. y S. 81 5>= 4
sG44s e INTERPRETATION. sl5
Sec. b6.-(CASES NOT PROVIDED FOR
a Tn n as, mot .aS
Guiding the law merchant, and In particular
the rules relating to the law Of principal and
tation. a duress or coercion. mistake, bank:
ruptcy. or other invalidating Gauss. shall
govern. ~ Z,
ei IS EFFECT szMaNF Ta F1EfosH OF Uni IN
FoRM1TY.) This Act shall b 90 interpreted
and construed as to effectuate it, general pur-
pose to make uniform the law OF those states 81
" Sec. 5sM ee i ~ N this Aet
unless the context or subject matter other
! Action includes counter claim, sst-on
and suit ir equity. .s.s ~ q
!, Delivery means voluntary transfer @
pos1 runsiole GOODS means goods Of which
any unit Is from Its nature OF bt mercan.
tile custom. treated ~ the equivalent Of any M
Goods; means chattels q nsronandi,s
IN storage, or which has been o. y about e
!. Hoider'' Of : receipt means ., persoa ~
has both actual possession Of such receipt
and right Of property therein.
''Order'' means an order ~ 1ndofse1nsa'
Owner does not include mortsases q
Person includes q eorperatsaa er part:
II Spurchasc'' includes = take % mort
gage or as pledges -... -.
::Receipt' means . wsreheuss receipt; ).
Value Is any
or pre-existing obligation. whether for money
or not, constitutes value where q receipt Il
taken either in satisfaction thereof or a. se.
e..Warehouseman'' means person lawfullJ
engaged in the business OF storing goods t0 d
e. A thing is done SIN good faith. Nth !:
fact done honestly whether It 30 done nesli'
ss sfs & e; RsHs s e. 1 ASza
this Act do not apply to receipts made ane
delivered prior to the taking enect OF TIM
ac Sec. 90 LnNcoNs1srENr LEe1s1.Ar1oN
Al Acts Or parts Of Acts Acts ~ IN
'o Sec. si:VCTIME wHbN THE Acr. TAKES
EFFECT.) This Act shall take effect on the
nrst day Of January. ono thousand nine hum
of Sec an s2.D -l OF Acr.) This Act ma,
be cited as the Uniform Warehouse Receipts
Approved April 2. 1913 =, : -
!. CHAPTER 1e2-S r. No. 1888.
CITY now hereafter having populate; .1o1
{ and sell bonds authorized by its charter al
I. 2 rate Of interest in excess OF that Limited
Be 1t enacted by the Legislature Of the State
II Section Any city Of this state now 81
IS hereby
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.
ter, bearing net rate OF interest NOT e Sa,
eeeains any %
tained in any such charter In reference to
the rate Of interest that such bonds o.. may nay
than par and accrued interest, and then only
to- the highest responsible bidder therefor
provided. that this act shall not IN any way
affect the issuance OF local improvement bonds
Of any such city authorized by it, charter
nor the rate Of interest thereon.
This act eb shs 1sG apply so
Section &c. Article Of the Constitution. and
all acts and parts Of acts inconsistent here
J Sec. s. This act shall take effect and BIZ
: Approved April l. 1913.
CHAPTER 1853 III. F. No. $50.
AN ACT to amend Sections two a., seven u
ana eight ~ Of Chapter three hundred
t,tsa Act tzs 70 Provide for tho Taaar
Of Mortgages Of Real Property.
Be it enacted by the Legislature Of the State
sse aanne + Section two q Chapter
Of 1907 Is hereby amended to read a. fol.
Sec. 2. A tax Of ffteen cents Is hereby
imposed upon each hundred dollars, or frac'
tion thereof. Of tho principal debt or obll.
Be, secured by any mortgage Of real prop.
erty situate within the state executed anc
delivered after the passage ana spprTgya
provided that any such mortgage heretofore
executed and delivered shall not be recorded
oreinaii stel Stipulated in Section two e. here
Of as originally enacted: Provided further
that II any such mortgage shall describe any
ta1 shall be imposed upon such proportion
81 the whole debt secured thereby as the
value of the real estate therein described sit.
whole OF the real estate described therein, a.
such value shall be determined by the state
auditor upon application. Ct the mqrtgtage e
the said debt secured by the said mortgage
as therein stipulated. shall be fixed at date
more than five years after the date Of said
MORTGAGE then and in that case the tax, tc
be paid thereon shall be at the rate Of txen.
ty-fye cents on each hundred dollars or 1rac-
Sec. 2 Section seven 70 Of chapter three
hundred twenty.eight (s29 81 hereby amended le
Ing to its foreclosure nor any assignment u
thereof shalt be recorded or res
istered after the passage Of this act unless
such document or any record thereof. be re-
ceived In evidence, In any court. OF have any
validity AZ notice or otherwise. =
three hundred twenty eight (32S) is hereby
amended to read rs follows: sl$s.5 q
ner psssss.
this act shall be taxable as provided BY law
under tho provisions OF law relating thereto
prior f9 the 81 .cS
state treasurer, or both, the tax therein pre-.
scribed upon tho amount Of the debt secured
by such mortgage at the time OF such pay
nent as stated by the afidavit Of the owner
Of such mortgage. to be filed with the coun.
II treasurer, and haye the treasurer's receipt
by the auditor endorsed there.
Oh. The register Of deeds or secretary OF
state: / as the case may be- on presentation
Of such receipt. shall note on the margin Of
the mortgage record the date and amount cf
such payments. Thereafter such mortgage
debt shall not be otherwise, taxable. "
Sec q. z This act shall take effect and be
Approved April 2. p 1913. 81
hi. ssCHAPTERa 1e4 H.. No. s8e. ts:ss,