Cleveland County herald., 1919-06-19
ACT NO. 67. ApDrONed February IL. 1GlN.

An Act to amend Act No. 266 of the Acts of 1917 entitled An Act to es- tablish and regulate bonded ware houses: to establish a marketing bu- reau to regulate the ginning and pack ing of cotton. to provide for the grad Ing and classification of cotton and oth- or foreign products. Provides that any number of persons, not less than ten, at least 60 per cent of whom shall be engaged in agriculture, may apply 10 the board of supervisors of ware houses for charter as public ware housemen. Prescribcs the necessary contents of the application and pro- Sides that the capital stock shall not be less than $1,000. Provides that when the application Is approved the Sec retary of State shall issue a charter which charter shall be recorded by the Commissioner of Mines, etc, and such commissioner shall issue a certificate permitting such warehouses to do bus mess in this State. Provides that the warehouse shall enter into the State of
 kansas with a good and sufficient
 d. to be approved by said Board of
 I2erVisors. The condition of such
 md shall be to obligate the corpora
 on to observe all of the provisions of is law, and shall be for the purpose C. guaranteeing that the corporation will exercise ordinary care in stora ge or sale. and shall be for the purpose of guaranteeing the classification. weights, grades and measures made by the cor poration. Provides that any person in sured may sue on the bond and the ,tate need not be made a party. Pro- elles that the control of said corpora ton shall be by a board of directors of not less than three or more than nine, which directors shall be elected annu- ally at the general meeting of the members of the corporation. Provides that the profits shall be divided among members of the corporation, but pro- xides further that 20 per cent of the net profits of each years business shall be paid into the reserve fund until such fund equals the amount of the orig inal capital stock.
 Provides that corporations chartered under this act shall have the right to act as Warehousemen, and shall have the right to sell in the market all prod ucts of the ranch. orchard Or farm on a commission basis. Provides that such corporations shall take a fair sample from each bale deposited with them, which sample shall be graded by com- petent graders under the control of supervisors. Provides that such cor porations may loan money upon prod ucts placed in their warehouse, and provides that such corporations may loan to their members money to enable them to make and mature their crops.
 Provides that all public gins shall be required to obtain a license by mak- ing. application to the Commissioner of ned by a public ginner shall be baled fin a lress box not exceeding 27X54 inches, ins 'de measurement, and shall he wrapped with sound standard bag sing not to exceed seven yards per baie.
 Provides tha> such ginner shall at tach such marks of identification as may be provided by the Commissioner of Mines, and provides that such gin ner shall pay into the State treasury
 k cents for each tag or mark of iden- 1ification used by him. Provides that smch tags shall be good for the season for which they are issued, and shail not be hject to he used for any other sea Son but provides that tags left on hand nay be exchanged for tags of the suc- eeding season; the word season mean fLg from the first day of May to the :6k' day of April following. Provides r pc, elty of not less than s10 or more than A.0 for a ginner to willfully fat or neglect to attach proper identii- cation tag to each bale of cotton.