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

within sixty days after the holding Of any. any
q his ee eaas report rs cGsy
ing the name and address OF every person
to whom any Of ssaid, money was PAID, to;
money YES 50 paid, and les shail attach there
ment 90 made. and shall return to the county
treasurer all of the unexpended portion there
vouchers have been audited by the county
board and found to be correct, they may BY
son. and his sureties, from ali further i1abil-
ity under such bond. -.
! Sec Sec 2 The county board in any such
further sum as it may desire not exceeding
$5;Soo: for the purpose Of procuring a suit
y building thereon to be used in co SDas-
tion with such county fair, but said site and
said building shall DO and remain the prop
priation shall be used only for the pur-
pose %, Of SO 80 occurring such site and build
's1 &1s9ov sso April sRdH'sg t as's:
4. CHAPTER 272- II. +. NJ. 100.
AN sot act to make uniform the law Of ne
Be- It enacted by the Lesisfatme Of the st.As
Npoo 20 a TSTF5 I; IN n,,,.
s ARTICLE I. ..-
sect poR \ up ef1RM aNToE F HNgczT
IsIRUMENT) An instrument to Be negotiable
must conform to the following requirements:
~: Il must be in writing and signed by the
~ Must contain an unconditional promise
OF ,s orde a. to pay sum certain in money;
nxed Or deterninable future time;
| - Must be payable to order or to bearer:
~ Where the instrument il addressed t,
os sec tners1n a, I'm rsasonabls certainty
certain within the meaning Of this act " All.
though It is to be paid:
~ With interest or
| ~ BY stated instruments. .z
~ By stated instalments. with prvv1stcn
m a or Of interest. tho whole shall become
a. With exchange, whether at a nxsd rat.
or at the current rate on o. at a given plaoe;
! (6) With costs Of collection or an attorney,
re- IN case payment shall not be made at ma
-; Sec: B. w1InN PROMISE Is uNcoND1-
nv "a An unqualified order Or promise to
this act, though. coupled with:
~ ~ ,; An indication Of particular fund out
particular account to be debited With tho
.tD a statement Of the transaction which
gives rise to the instrument. But an order Or
promise pro to Pay out Of particular fund is
TIME: WHAT CONSTITUTES An In tns II1I
ment is payable at a determinable future time
r.tsad tho m meaning OF this act which is e1
~ At fixed period after date or sight; or
81 On Or before q 'nxed or deterninabis
~ On or at a. fixed period after tho oc-
currence Of specified event, which is certain
to happen. though tho time Of happening BE-
is not negotiable and the happening Of Tho
AFFECTING NEGor1AB1L1TY) An instru-
do any act in addition to the payment Of mon
ey Is not negotiable. But the negotiable
enarsSter :, Of Of an
| ~ Authorizes the sale OF collateral necr1d-
ties in case the instrument be not paid at
| >t2) Authorizes confession Of Judgment IL
the instrument be not paid at maturity; or
~ Valves the benefit of any law intended
Tor the advantage or protection Of the obliger;
~ Gives the holder an election to require
something to be done in lieu of payment Of
But nothing in this section shall validate
any pFogis99 9terwss es
LAR MONEY! The validity and negotiable
character Of an instrument are not affected
by the fact that 'g-
az It is not dated; Or
.Gg Does not specify the value given. or
81 Does not specify the place ICE Where 1e it is
Drawn or the place where it is payable or
| ~ Bears seal; or y
money in which payment is to be made.
But nothing in this section shall alter
ts in certain al
Sec. I. WHEN PAYABLE ON DEMANp.)
An instrument is pabable on demand:
/ ~ When it is expressed to be payable on
demand, or at sight, presentation: or
81 In which no time for payment is ex-
pressed
Where an instrument is issued, accepted, or
lndorsed when overdue. it is, as regards tho
p1 sea- s. On WHEN WHEN PAYABLE TO ORDER,
Is drawn payable to the order Of specified
person or to him or his order. 1t may be
drawn payable to the order Of;
| (2) The drawer or maker; Or
a. Two or more payees Jointly; or
i. (5) One Or some Of several payees: Or
!6) The holder Of an office for the time
, Where the instrument is payable TO order
tho payee must be named or otherwise indi-
ca Sec taeFef WHEN HEN PAYABEE 70 BEARpr
The instrument is payable to bearer:
III When it is expressed to be 80 payables
(2) When It is payable to person named
therein Or bearer; or
(3) When it is payable to the order OF a
fictitious or non-existing person. and such
fact was known to the person making 1t SO
rs When the name Of the payee does not
purport to be the name of any person; or
Is When only, the last Endorsement is an
Sec. 10. (TERMs WHEN SUFFICIENTLY
The instrument need not follow the language
Of this act. but any terms are sufficient which
clearly indicate an intention to conform to tho
requirements hereof b
Sec. ii. DATE, RESUMPTION AS To)
Where the Instrument or an acceptance or any
Endorsement thereon is dated such date IS
deemed prima facie to be the true date OF the
making, drawing. acceptance, or Endorsement
as the case may be. .1u
EDl The instrument is not invalid for tho
reason only that it Is ante dated or post-dated.
provided this Is not done for an illegal or
fraudulent purpose. The person TO whom AZ. an
|title thereto as of the date of delivery
Sec 49, tCWHEN DATE MAY BE IN
SERTED.) Where an instrument expressed
to be payable at xed pe th afer qaee |
an instrument payable at a fixed period after
sight is undated; any holder may insert there.
lin the true date. Of issue Or acceptance: and
The Insertion of q wrong date does not avoid
the instrument In the hands Of a subsequent
holder in due course but as to him, the date
g .eserisd = E & e. the ta1s
FILLED.l Where the instrument is wanting
IN any material particular. the person in
has pr1 ma hn
And a sigma tureH on a. blank paper delivered 2
by the person making the signature in, order s
that the paper, may be converted into a me-,
authority to iii IT up as such for any 4
amount. as In order. however, that any such =
instrument when complete may. be enforced