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

q
llLkls1a.l WHARF, 81 the instr ,irnent 90
payable on i de.nan pree sttnnent must =.
%ss S &c s.. as. .iass 80
sas. see ssss Vii R
made within q reasonable time after 1tne laa
vIe sd IS FRhssNTMsNT5 lFsss.snta.ns e
payment. to be suf1ctent, must be made
\ ~ BY tire holder Or by some person au
1thorixed to receive payment On his behalf: sss
~ AT REASONABLE hour on business
AZ : proper place as herein defined:
stlument, or IL he Is absent or Inaccessible, t
sentiment u made. AZ s.ss4455 5 S
Sec. 7a..tPLAcH OF PREsEN \
proper place M
Where place q payment Y sp.einssf
!, but the address Of the person to make pay.
ment il given in the Instrument and It /,
there presented. u 4 - 5J,% 100
(3l Where no place Of payment Is specihet
Is presented at the usual place Of business d
n e
to make payment S wherever he can =.
q Ra.ine.. q S's residence e. - - Aa0Nn p'~'
s. e3,r 5n4.,-GNsTRuAENT MUST BE TX x
e. 70
party paying 1t. ss51E ~
Sec IS. (PREsENTMENT WHERE IN:
STRUMENT PAYAB14E AT BANK Where
ment for payment must be made during bank:
ing hours unless the person to make paymen,
a4nr dsy n t.
any hour before the bank y closed On thai
as = wWS ss1s fn IN
son Nprimazdly liable on tbs instrument !,
dead. and no place Of payment is specified
bs psraonai rspre Sentative tive Il such there be
and IT.. with the exercise Of reasonable
diligence. he can be found. y
sss sR1sEEEMnNT ro wb sssso n
strument are liable a. partners. an
payment may made 70 any q
even though there has been dissolution o.
sss WEE sSs1s En- S sss
sna 10 y Psss =: @
RSeU1RED 70 CHARGE IS, THE DRAW
ERl Presentment for payment T. not require g. e
right to expect Or require that the drawee .
acceptor viii pay the instrument.
Sec: so:-WHEN PRRsENrMEMT NO
not zsaas.d n eraer 70 charge y ndors
ERE the g ss.
reason to expect that the instrument viii b.
ra s. rs5 m%Hah Dn' i Il sHB
P Ps!sy i ssss.sd Wen Sc Delay 's1
Of the holder, and not imputable to his de-
fault. misconduct or neglisence: When tn
mf sec q T 81
DISPENSED WITH 1a!l, Presentment for pay
~ Where. after the exercise Of reasonable
diligence presentnnent a. required by this &c
rs Where the drawee il q fictitious person
~ BY waiver Of presentment. express
'n Gee. ss.-(wHEN INSTRUMENT, D1sHoN
oRED BY NoNPAYMDNT.) The instrumen
Is dishonored by nonpayment when
/ ~ It is duly presented for payment ant
C2) Presentment is excused and the instru
oSSAnfE7 ABHb K Fl H zsssRSn sBG
this act, When the Instrument Is disSonored b
to " ali parties seoondariiy naSie thereon &C
crues toathe holder
Sec. s5.-cTIMH OF MATURITY Every ne
gotiable instrument is payable at the time IKE
therein without grace. When the day of ma
I turity falls upon Sunday, or holiday. TIL
Instrument is payable On the next succeeding
4 business day. Instruments falling due 20
becoming payable) on Saturday are to be pre-
sented for payment on the next succeeding
on demand may. at the option Of the holder
noon on Saturday when that entire day i
nG Sec : s aInpaH: HOW coMPuTnD) wher
the instrument is payable ct z nxed perio'
Ing Of q specified event, the time Of pay
ment is determined by excluding the day from
which the time is to begin to run. and b.
INCLUDING the date Of PaX l
PAYABLE AT BANK.) Where the instrumen
IL made payable at bank 1t shall not b
L equivalent to an order to the bank to pay tn
same for the account Of the principal debto
'n See. asis.-twHAr CONSTITUTED PAYMEN.
IN DUE couRsR) Payment 10 made in du
lcourse when 1t is made ut or after the naaturit
Of the instrument to the holder thereof in goo
faith and without notice that his title IL de-
Elective. ...,.-