Mexico weekly ledger., 1913-08-14

Be il ordained BY The Council Of
The city Of Mexico a follows;
section /. That sections .. 10. II
snd y cf Ordinance No q. Of the
Revised Ordinances Of the CITY Of
Mexico. o. 1910. entitled "LIcENsEs'
be. and the same are hereby repealed
snd four e sections to be knoun
as Sections 3. 10. II and u are en-
acted in lieu thereof. as follows:
Section .. Every person. firm. assc
citation or corporation exceptiBs
such as bold a license a. banker, Ioa
company. loan agent or real estate
agent. whose business 4 IS TO negc
tate purchases or sales between 9th
ers, for a commission Or other CON
~pensation, OF goods. wares and mer
chaudlse. produce or grain. bills Of
exchange, checks. drafts. bank notes.
promlssory notes stocks. bonds,or 9th
er securities or writing obligatory
Of stock of any kind or description
whatsoever. OF who for compensation.
acts or aids In any manner In nego-
tiating contracts OF insurance or re-
Insurance. or placing risks or ef
tecting insurance or reinsurance for
any person other than himself, and
not being the appointed agent or Of
ficer Of the comply I'm which sHch
insurance or reinsurance is effected,
shall be deemed a broker
Section 10. No person, firm, asso-
citation OF corporation shall carry on
in this city, the business Of a broker
without first obtaining a license
therefor as provided in this ordin-
ance.
Section II. an brokers shall be.
classified as follows and shah pay a.
license fee in amount according to.
the class within which such broker
falls.
All brokers engaged in a general
brokerage business and negotiating
purchases or sales OF all the matters
and things named in Section . Of
this ordnance. shall be deemed gen
sral brokers and shall pay a license
Zee q $4,000 per year.
All brokers whose business Il Is to
negotiate purchases or sales Of goods,
wares and merchandise. produce or
grain. stocks. bonds or other secur.
tiles or writing obligatory Of stock
Of any kind or description whaiso
ever, shall be deemed brokers Of the
first class and shall pay a License
fee Of $4,000 per year.
All brokers whose business n is to
negotiate purchases or sales OF bills
Of exchange, checks, draffs, bank
notes. and oil promissory notes only.
VIII be deemed brokers OF the sec
ond class and shall pay a license fee
Of $500 per year.
An brokers whose business IL Is 10
or aid In any manner IN uexotiat,
ing contracts Of Insurance or r~ainssr
ance' or placing risbs or ~effecting In
'urance or reinsurance o any penzonl 4
'ther than himself. and not belngl
he appointed agent or officer oil
he company Inwhlch said insurance. A
reinsurance is effected. shan bel Z
leemed an Insurance broker OF the .
mir class, and shall pay a license
go Of $1,000 per year.
Section u Every person yi~olatingl
be provisions Of this ordinance relat.
ne 10 brokers shan be deemedlb
oiity Of a misdemeanor and on con 3
iction shall be fined not less than ID
.Fe nor o than fifty dollars. IA
section 2-This ordinance SHAH N
e in force and effect from and al. Al
2 its passage and It's approval BIZ III
le mayor and its publication as re- d,
hired by law. hs
Passed this l1th day Of August
rs u,
WILLARD POTTS. We
resident Of the City Council Of "a
exioo, Missouri.
approved this 18Th day Of August &C
ts. Il,
WILLARD POTTS. Mayor. re
aes' WALLACE DEARNG. q.
City Clerk. tn
s,l