St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1913-05-02

man 8OOQS OF winch ne Is owner, elINer SOlS-
ly or Jointly or in common with others. such
or servants who, knowing this ownership. is
for. such goods which does not state such
ownership, shall be guilty Of a crime. and
upon conviction shall be punished tor each
dollars, or by both.
o1 sTc' RaIM(4EL1v EEgo Of Rfeg MIpT1
A warehouseman, or any officer, agent: or
servant Of a warenou lsen'aa who s9,cs delivers Myees
houseman, knowing that a negotiable receipt
the negotiation Of which would transfer the
right to the possession Of such goods Is out
standing and uncancelled. without obtaining
the possession of such receipt at or before
the time Of such delivery, shall, except IL
iae found guilty of a or and ! upon con,
%viction shall be punished FOR each offense by
imprisonment not exceeding one year. or by
by both.
Sec. s5;mNEGoT1AT1oN OF csEaII1PaTI
who deposits goods to which he has not IT,
tie, or upon which there is a lien or mort
gage. and who takes for s',ch goods a ne
gotiable receipt which he afterwards. negoti-
With atf disclosing Esi@s g'i his want want Of title or the
existence e, Of the the lien IN, or mortgage tggagict, shall .na p IL
be punished for each offense by Imprisonment
not exceeding one year, or by a hne not ex-
PART w..
INTERPRETATION.
Sec. 5e.-(CASES NOT Q
~ ACT.) In any case not provides for n
gliding sHid get the 'n law f' Merchant /" and in part,cuIa.
the rules relating to the law Of principal and
agent and to the effect ect,o Of fraud I'd ;st mlsrepT panh-
ruptcy. or other invalidatins cause shall
govern. -.
ci Sc; EFFECT sF;maNr II RHEF6gH OF sH IN:
FORMITY) This Act shall be so interpreted
and construed as to enectuate it. general pur-
pose to make uniform the law Of those States
sss 5s.@DEF1N1T1oNs>. u) In this Act.
unless the context or subject matter other
Action" includes counter claim, seton,
and suit In equity.
possession from one person to another.
''Fungible goods means goods Of which
any unit is, from its nature or by mercan-
goods; means chattels o. merchandise
in storage, or which has been q u about to
"Holder'' Of q receipt means q person VINO
has both actual possession OF suoh receipt
and ao q = eight m oe Ps0p sn or rdsTe'1 BY Endorsement
On "o t1S er'e'p does not include mortgage or
"Person'' includes a corporation OF part
nership or two or more persons having a
join, n or c9n, ccmm no. , lntG y :. +.s. q, mort
gage ss,ro or s as pled ige;,a.. mortgage. and
Receipt means a warehouse receipt.
"Value' is any consideration sufficient to
support a 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 Tor
profit. i. .,., NV,
in the meaning Of this Act, when it Is in
fact done honestly. whether 1t be done negli-
n rs SSS? Ss;1 SBah,F R2Es H 42F P ATE5i5 e 3
this Act do not apply to receipts made ann,aa
delivered prior to the taking effect OF tnls
Sec. eo-uNcoNs1srENT LEGISLATION
REPEALED2 Al Acts or parts OF Acts IN
'0 see. s1:N VII 1siS wHES - THE Act FAKES
pFFEcT.) This Act shall take effect on the
first day Of January. one thousand nine nun
ol Sec Z s2.DMAME OF Acr.) This Act may
be cited as the Uniform Warehouse Receipts
Approved April 2. 1918.
1e2-S. F. No. Se9.
AN G e. entitled at hs1e. "aa act Sav,n authorizing q nanglat ang
city Of ov epv nt e f escn "a h inhabfta n po to issue
and sell bonds authorized by ITS charter at
by such charter"
Be it enacted by the Legislature OF the State
Section i. Any city Of this state now OF
hereafter having a population Of over fifty
thousand Inhabitants, is hereby authorized and
and in the manner and for the purposes pro
vided for in and by, its charter. any city
bonds boz be authorized q ne BY r 5ne Terms of interest eI sae not en ex-
ceesdins four and one-half GO per cent pei
annum' notwithst 3ns og.. any i, Limitation reftrsncs e0h r.
the rate of interest that such bonds may
bear. Such bonds shall not be sold for less
to naI the highest responsible bidder therefor;
provided. that this act shall not In any, way
affect the issuance Of local Improvement ,mY It, bonds
Sec. 2. This act shall also apply to cities
Section SO, Article 4 of the Constitution. and
all. acts and parts Of acts inconsistent here
wi sec. are s. h THis ac cfDs shal1 take effect and be
in force from and after 1e1e its passage.
CHAPTER 1911. F. No. 53e.
and eight 49, Of Chapter three hundred
titled A Act to Provide for the Taxation
Of Mortgages Of Real Property"
Be it enacted by the Legislature OF the State
Section /; section two Of CHAPTER three
Sec. 2. A tax Of fifteen cents is hereby
ton thereof, Of the principal debt or obi.
cation which is. or In any contingency may
s be; se situate BY y,t Sny tho %eFtg stste Of Executed esaea p! and
hereof and recorded or registered hereafter;
provided that any such mortgage heretofore
executed and delivered shall not be recorded
or registered without payment OF the tax
originally stipulated in section two () here
Of as originally enacted: Provided further
that If any such mortgage shall describe any
real estate situate outside of this state, such
tax shall be imposed upon such proportion
of the whole debt secured thereby as the
value of the real estate therein described sit.
uate in this state bears to the value Of the
whole of the real estate described therein, as
such value shall be determined by the state
and and'1 Crowded iRHI further that If the maturity Of
the said debt secured by the said mortgage,
as therein stipulated. shall be fixed at q date
more than five years after the date Of said
mortgage, then and in that case. the tax &c
be paid thereon shall be at the rate Of TWEEN
ty-fve cents on each hundred dollars or trac-
Sec. 2. Section seven 81 Of chapter three
hundred twenty-eight 1929 is hereby amended
to read as follows:
Sec. Z. No such mortgage. no papers relat-
satisfaction thereof shall be recorded or reg
istered after the passage Of this act unless
such document or any record thereof. be re-
ceived in evidence, in any court. or have any
validity as notice or otherwise.
three hundred twenty-eight C32s) is hereby
amended to read as follows:
Sec. 8. All mortgages Of real estate re-
this act shall be taxable as provided by law
under the provisions Of law relating thereto
prior to the enactment hereof. provided. that
the treasurer Of the proper county, or the
state treasurer, or both, the tax therein pre-
lr c,,ok -n~~fro GO ~ thu f{1oo IF S11ch ma "