The Republican journal., 1917-04-05

ulates that II shall be presented for
Whs r.. tn: PHI u. !. dsswn ps.els
place of business Of the drawee.
In no other case IL presentment for
acc Srtv e az 4, H,Sss to rem
Section ~; Except as herein other
is required by the next preceding sec
must either present It for acceptance
or negotiate 1t within a reasonable.
time. IF he fails to do So the drawer
Section i45. Prssentmsnt fer accept
the holder at a reasonable hour, on a
overdue. to the drawee or some person
ance on his behalf; and:
~ ~ ~ W 5sa e., Dill Is addressed to two
presentment must be made to them all,
unless one has authority to accept or
refuse acceptance for all, in which case
ca Where the drawee is dead pre-
sentiment may be made to his personal
Representatives;
Judged a bankrupt or an insolvent or
has made an assignment for the benefit
of creditors. presentment may be made
Section 146 A bill may be presented
for acceptance on any day on which
negotiable instruments may be present
sections seyenty-two and eighty-five Of
this act. When Saturday is not other
wise a holiday, presentment for accept
ance may be made before twelve o'clock,
o Section Ga '' IA. oA Where the holder of
bill drawn payable elsewhere than at
the place of business or the residence
of the drawee has not time with the
exercise of reasonable diligence to pre-
sent the bill for acceptance before pre-
ssenting it for payment on the day that
senting the bill for acceptance before
presenting it for payment is excused
and does not discharge the drawers and
indorsers.
Section 14s. Presentment for accept
ance is excused and a bill may be treat
ed as dishonored by non-aceeptance, in
either Of 2f,, the following els cases: aooa 49,
has absconded. or is fictitious per
son or person not having capacity to
contract W., BY bill Leo, +,o e1.ro,sa ~
reasonable diligence. presentment can
not be made;
!s} Where; although pses sen p
refused on some other ground.
Section 149. A bill is dishonored by
non-acceptance:
acceptance and such an acceptance as
is prescribed by this act Is refused or
cannot be obtained or
CD When presentment for accept
ance is excused and the bill is not ac-
Section $50. Where a bill is duly
presented fer a zee and Is ; not &C,
person presenting 1t must treat the bill
as dishonored by non acceptance or he
loses the right of recourse against the
drawer and indorsers.
Section Isl. When bill is dishon-
ored by non-aeceptance. an immediate
right of recourse against the drawers
and indorsers accrues to the holder and
no presentment for payment is neces-
sary.
Section 1862. Where foreign bill ap-
pearing on it's face to be such is dis
honored by non-acceptance, it must be
duly protested for non-acceptance, and
where such a bill which has not pre-
yiously been dishenered by non-aeeept t.
must be duly protested for non-pay-
ment If it is not SO protested. the
drawer and indorsers are discharged.
Where a bill does not appear on its face
to be a foreign bill, protest thereof in
case of dishonor is unnecessary.
Section 1873. The protest must be an
neNed to the bill, or must contain a
copy. thereof and must be under the
hand and seal Of the notary making it,,
and must specify:
G) The time and place of present.
(2) The fact that presentment was
made and the manner thereof;
81 The cause or reason for protest
a. The demand made and the an
swer given, if any, or the fact that the
drawee or acceptor could not be found.
Section 1854. Protest may be made
81 notary public; or
(2) By any respectable resident of
the place where the bill is dishonored.
in the presence of two or more cred
lble witnesses.
Section 155. When a bill is protest
ed, such protest must be made on the
day of it's dishonor, unless delay is ex-
cused as herein provided When a bill
has been duly noted, the protest may
be subsequently extended as of the date
of the noting.
Section 1856. A bill must be protest
ed at the place where it is dishonored,
except that when bill drawn payable
al the place of business or residence
of some person other than the drawee.
has been dishonored by non-acceptance,
it must be protested for non-payment at
payable, and no further presentment for
payment to, or demand on, the drawee
is necessary.
Section Isl. A bill which has been
protested for non-acceptance may be
subsequently protested for non-pay-
ment
Section 1853. Where the acceptor has
been adjudged a bankrupt or an insol-
the benefit of creditors. before the bill
natures. the holder may cause the bill
against the drawer and indorsers.
Section 1853. Protest is dispensed
with by any circumstances which would
lay in noting or protesting is excused
when delay is caused by circumstances
beyond the .control! of the holder and
not imputable to his default. miscon-
duct or negligence. When the cause of
delay ceases to operate. the bill must
be noted or protested with reasonable
Section 100. When bill is lost or
destroyed or is wrongly detained from
the person entitled to hold it. protest
may be made on a copy or written par
ticulars thereof.
Section 161. Where a bill of ex-
change has been protested for dishonor
by non-acceptance or protested for bet
ter security. and Is not overdue. any
person not being party already liza
BILE thereon may, with the consent Of
the holder. intervene and accept. the
bill supra protest for the honor Of any
party liable thereon or for the honor Of
is drawn: The acceptance for, honor
for which the bill is drawn: and where
there has been an acceptance for honor
for one party. there may be a further
acceptance by a different person for the
honor of another party.
Section 1862. An acceptance for honor
supra protest must be In writing. and
indicate that it is an acceptance for
honor. and must be signed by the &C
Section 1es. where an acceptance
for honor does not expressly. state for