The Republican journal., 1917-04-05

sage. restore any pledge, return any
note and cancel any assignment given
Section ii. No licenses shall take
any confession Of Judgment or any pow
err of attorney. Nor shall he take any
note, promise to pay, or security that
loan, the time for which It is made and
the rate Of interest charged, nor any In
strument in which blanks are left "a
be Allied altar execution.
salary or wages, earned or to be earned,
given to secure loan, shall be valid
unless In writing signed in person by
1he eoTroWer Il the ~
person by both husband and wife; nor
shall such assignment be valid unless
given to secure q debt contracted sim
UNANIMOUSLY with its execution. All such
visions Of section nine Of chapter one
hundred and fourteen Of the Revised
Statutes.
Section 49, No person. copartnership
or corporation except as authorized ~
this act shall, directly or indirectly,
charge. contract for. or receive any in
terest or consideration greater than
twelve per centum per annum upon the
.loan use or forbearance Of money, goods
or chooses in action. or upon the loan,
use or sale of credit. of the amount or
value of three hundred dollars or less.
The foregoing prohibition shall apply
to any person who, as security for any
such loan. use or forbearance Of money,
goods or chooses in action. or for any
such loan. use or sale Of credit. makes a
pretended purchase Of property from
any person and permits the owner or
pledgor to retain the possession thereof,
or who. by any device or pretense OF
charging for hts services, or otherwise.
seeks to obtain greater compensation
than is authorized BY this act
Section IA. Any person. and the sew
eral officers and employees of any cor
poration, who shall violate any of the
foregoing prohibitions shall be guilty
of a misdemeanor. and upon conviction
thereof shall be punishable by fine of
not more than five hundred dollars or
by Imprisonment of not more than six
months. or by both such fine and i'm
prisonment in the discretion of the
court.
Any licensee and any officer or en-
ployee Of a licensee who shall violate
any of the provisions Of sections eight
and nine of this act shall be guilty Of a
miSdemeanor, and upon conviction
thereof shall be punishable by fine of
not more than five hundred dollars or
by imprisonment Of not more than six
months. or by both such fine and i'm
prisonment in tie discretion of the
court.
Section Is. No loan for which a great
er rate of interest or charge than is al
lowed by this act has been contracted
for or received, wherever made, shall
he enforced in this State, and any per-
son In any wise participating therein in
this state shall he subject to the pro-
visions Of this act.
Section 16. This act shall not apply
70 any person, copartnership or cor
uoration doing business under any law
of this state or Of the United States
relating to banks industrial banks,
frust companies, or building and loan
associations.
Section H. Far the enforcement Of
tie provisions of this act the hank
tlItti-I ppIl
an examiner the amount Of his COM
pensatton TO be subject to tie approval
of the governor md council. who shall
also receive his necessary travelling eH-
panSes. Tie salary amt tr3y"lln2 eN
le7s"s 't'toHH T9ert'1ua' s'lAlf -' PAID
out - 4 I'd toes r. '5"'I rom lenses
issued ~ ne ~ '""- "t IS A. I:
and I. t'' 'F" 80 ~ f'.-. ne !" %
in f. tIn r. SURG "t S-r"t',
SECTION ~ Jhe ~. Nttl} on aHN
portion 81 mis- agl S!@"-l NOT aHegt lls
Nalidity OF any ythN. f'of ,L9nS tIe,it
WillCt' may De give! f.''t'l " -''"u' 9",i
lhealla l"[t'"i't c.4., &o..,+ 80
HectloH ~ Se'Ii''' ior'& "
chapteI LOFTY "t 'he fteNIseo ot'u, US
ana az othel a. anu pa - ~ az - ~, ~
consistent WIN thf PFoEiSlous u IN,
aeI ,o a1e hs1eps iePe"'eu'-'fAppioEeU 1p' II
d 1870
SaAF En- 49,
An Act to amend Chapter one hundred
and tWenty-one OF the Pubic Laws Oh
nineteen hundred and seventeen en-
titled, AN Act to amend Section seven
teen of Chapter twelve of the Revised
Statutes, providing for notice by regis
ters Of deeds to municipal officers of
Real Estate transfers"
Section seventeen of the Revised Stat
uleS as dnletoeh oS chapter one hundred
anu twenty one OF inc puoAc laws OF
nineteen hundred ana seventeen is further
amended by STRIKING out the last two
Sentences OF sala anended sectlon SO
that as 1urthef amended IT shali read as
iotIoWs'
Section IL Every register shall, at the
time OF RECEIVING any deed or instrument
ior tecora, ceTtlly thefeon the day ana
1ne 6Ifhe OF DAY When 1t was received
a ig lieu every SuGh paper small ne CON
sloefed as recorded at the time when it
was retelved ana such time shall be en-
t seleu On me record thereof. Within one
noor alser IT'S oehVerv TO him. the register
snaL enter such time, the names of the
slaItcr ana grantee, and their places of
residence the nature of the instrument,
we amount or the consideration named
olenein ar. ana me name of the town or in
eorporated place as shown by the instru-
ilent. IN which the property conveyed is
localeo, IN oook kept for that purpose
and open TO inspection In business hours:
and ne shall suffer no deed or instrument
ddI the conveyance of real estate to be
altered, amended or withdrawn, until it
ls 5 iuiIy recorded and examined. TIE rec
t(1