Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1914-10-02

after provided, a cotton warehouse
system for the state of South Carolina.
Cd There shall be elected forthwith
| a suitable person to be known as the
chairman of the South Carolina ware
house board, who with the governor
and state commissioner Of agriculture
shall constitute the board. The salary
Of such person to be $4,000 per annum,
and who shall hold office for the term
Of two years, or until his successor is
elected by the general assembly.
CD That the board herein created
shall accept as authoritative the stand
ards and classifcations established by
the Federal government. =,
| (3) The state warehouse board snail
have the power to acquire property py
lease, purchase or condemnation pro-
! ceedings, as in the case OF common car
riers or other public service corpora :
| ton.
ca The said board shall also have
| the power to sue or be sued IN tne
courts under the civil code Of South
| Carolina upon the same terms as an
individual or corporation, the action
| to be against or by the board as repre-
sentatives of the state, and not as in
dividuals, except in case Of tort or neg
lect Of duty, when the action shall De
upon the bond of the officer charged
with such tort or neglect OF duty. SUITS
may be brought in the county or Rlcn-
land. or in the county in which the
cause Of action accrued; PROVIDED,
however, That the weights, classes ana
grades Of cotton on storage are unoer
this act only guaranteed by the state
in favor Of those who loan money oa
buv cotton through the warehouse
boards: Provided, further, That the
state shall not be responsible Tor such
Auctuation in weight as represent Or
dinery climatic conditions.
Receipt Conveys Title.
The board, where fully satisfied as 10
the title to same, shall receive 1oT SUI
age lint cotton properly balled, WIN ar,
inspection tag showing that II mas peen, g.,
legally weighed, and that a Federai vi
state inspector has graded said cotton.
There shall be receipts issued for such
cotton under the seal and in the name
of the state of South Carolina, statlnS
location Of warehouse, name OF man
aper. the mark on said bale, "elsn.,
grade and length Of staple, SO as 10 pe
able to deliver on surrender OF recelpl
the identical cotton for which II was
given, the receipt for cotton SO stoleu
to be transferable by written assign
ment and actual delivery, and the cot
ton which it represents TO De uenNeI
ehIe only on physical presentation Oh
the receipt, or on proof satisfactory 10
the board of loss Of same, which IS 10
he marked Cancelled" when the cotton
is taken from the warehouse. The salu
recent carries absolute title or the cot
ron il being the duty Of the ofncer ac-
centing the same for storage by IN
snection of the clerks office, to ascer-
tain whether there is on file crop mort
Sape or liens covering said cotton be-
fore he accepts same and issues re-
ceipt. ;so,t,- -
fication marks provided for IN secIlon
a shall be evidenced by tags arlxeu W
the bale Of cotton, which tags snail De
so designated that the brand soutn
Carolina" will be unmistakable, the
Palmetto tree, with bale Of cotton ly-
ing at the roots and the shield Of the
state on either side.
(6) The board shall have the power
to settle the terms upon which COTTON
stored in local warehouses may pc
taken over by the state, within the
purpose and intent Of this act.
CD The board may upon the request
of the owner of a warehouse receipt
negotiate loans upon same or make SAFE
of the stored cotton, and shall as soon
as practicable after the passage or TINS
act notify holders Of cotton what steps
will be necessary to avail themselves
of aid in obtaining loans upon cotton
or making sale thereof.
Charges.
(S) The board shall provide for the
cost of maintaining this system, by
assessing a charge upon each bale OF
cotton offered for storage, and for ne
gotiation of loans or selling cotton a
commission, all Of which charges shali
be uniform and due notice given in the
newspapers, it being the declared pur-
pose Of this act to operate at cost with
out profit to the state.
(9) This act shall apply to cotton
carried over from the last crop as well
as the crop Of 1914.
IO The state warehouse board
shall make an annual report to the
general assembly setting forth, viz:
"A" Number and location OF each
warehouse where cotton has been re-
ceived for storage by the state.
b" Cotton on storage and that de-
livered on presentation Of receipts.
&c" What loans have been nego-
tiated. rates of interest, time Of pay
ment.
ID" Sales, price and vendor and
vendee.
CID The board shall have the power
to appoint clerks, officers and all neces-
sary employees to carry out the provi-
sions Of this act, and fix the salaries
of same They shall, when necessary to
safeguard the interests of the state,
require bonds from such officers, clerks
or employees for the faithful perform
ance of their duties They shall pre-
Ill ND 1nPOn-
sistent with the intent and spirit OF
this act to carry same into effect.
Q2) The person elected chairman
of the board under the first section Of
this act shall give bond to the state
of South Carolina in the sum OF S5O,0OO
to guarantee the faithful performance
Of his duties.
13) The warehouse receipt book
shall be designed by the board and
furnished by the chairman Of the same
| to the manager of each warehouse. Re-
ceipts must be numbered and the ware
house receiving such book must account
for each receipt. The receipts in such
book may have the autographed or en-
graved signatures of the state ware
house board, but the same shall be
signed with pen and ink by the mana
ger of the local warehouse.
Penalties.
Q4) The manager of any ware
| house, or any agent, employe or SER
want, who issues or aids in issuing a
receipt for cotton, knowing that such
cotton has not been actually placed in
the warehouse under the control Of the
manager thereof, shall be punished fol
each offense by Imprisonment in the
state penitentiary for a period of not
less than one or more than five years.
| Q5) Any manager, employe or SER
want who shall issue or aid in issuing
a duplicate or additional receipt for
cotton, knowing that the former re-
ceipt or any part thereof is outstand-
ing, shall be punished as in the laws OF
this state provided for forgery.
Q6) Any manager, emplOye, agent
| Or servant who shall deliver COTTON