The Brinkley argus., 1919-06-20
ECyv NO eT
Approved February f1. 1o10.

Approved February H. 1919.
 An Act to amend Act No. 2CG Of the Acts of 1917, entitled "An Act 10 es- tablish and regulate bonded ware- houses; to establish a marketing bu- reau to regulate the ginning and pack ing and classification of cotton and oth- : CT foreign products.' Provides that any number of persons, not less than ten, at least 60 per cent of whom shah be engaeed in agriculture, may annlE To the board of supervisors cE TaEe- houses for charter as public ware Eousen1en. Prescribes the necessary contents of the application and pro vides that the capital stock shall moi be less than $1, ,000. Provides that when the application is approsed the Sec TetaIy of State shall issue a charter which charter shall be recorded by tho Commissioner of Mines, etc. and such comm Essioner shall issue q cartificate permit tllHg sUch warehouses to do 2iss- inaas in this State Provides that the WareloIS1 shall enter into the State of .Alkaasaa with a good and sufficient bond fa he apDroE "a by said Beard o8 Eupe1FI 9fs. The condifion Of such bond shall Dc to o5liga t. the c0rpor8- ton to observe ali of the provisions o4 lals lay aad shall be for the purpose will exercise ordinary care in storag or sale, and shall be for the purpose of &NatanIeez1le the classification, weights grades and nea assures made by the cor
 
 Jufed may sue on the bond and the State need not be made 2 party. Pro vices that the control oE said cCrpgE2- tion. shall De by beard of directors of which directors shall be elected aEuu- ally at tho general meeting of the members of tae corporation. Provides that the profits shalt be divided among yides further that 25 per cenC of the net profits of each years business shall be 9ai 981fo Ih e.8es efEe fund Eltil suc3 1uno equals the amount Of the orig ln4i capital stock.
 Provides that corporations chartered under this act shall have tho right to act as Warehouscmen, and shall have the right to sell in the market all prod commission basis. Provides that such corporations shall take a fair sample from each bale deposited With them which sample shall be graded by com petenJ graders under the control of supervisors. Provides that such cor pcr5Jions may loan money upon prod UctS placed in their warehouse, and provides taat- such corporations may loan to their members money to enable them to mako 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 public ginner shall be baied in press box not exceeding 27X5A inches, inside measurement, and shall be wrapped with sound standard bag ging not to exceed seven wards per bale.
 Provides that such @inper shall at tach such marks of Identification as may be provided by tho Commissiouer of Mines. and provides that such gin ner shall pay into the State treasury 2ik cents for each tag or mark of iden- tihcation used by him Provides that such tags saaN be good for tho season for which they arc issued, and shall not be subject 10 be used fer any other sea may be exchanged for tags of the sue ceeding season; the word season mean ing from the first day of May to the 30th day Of April following. Provides q penalty of not less than $t0 or more than $50 for a ginner to WillfHlly fail or neglect to attach a proper identih- cation tag to each bale of cotton