The Dermott news., 1919-07-03
ACT NO. 87. Approved February ts. 1919.


 An Act t1 amend Aet N "eG of the Acts Of lal1. entitled An Act In es- tab'lsh and regulate bonded "ofe- houses. to establish q marketing bu- reau te regulate the einnInA and pack ing or cotton 10 provide fer the Erad- ihs and classification pf cotton and eth- ef iote1EH products. Provides that any number of persons. not less than ten at least to per cent of whom Shai he engaged in oericuture. may apply to the board of supervisors pt ware houses for charter as public ware h2aScmen. Hrescllhes the necessary contents of the application and pro Fldrs hat thc capital stock shall not be less than $1.00o. Provides that when the application k approved the See fetaft of State shall issue a charter which charter shall be recorded by the Commissioner Of Mines. etc. and such commissioner shall issue q certificate permitting such warehouses To Go bus mess in this State. Provides that the warehouse shall enter into the State of ArSansas with d good and sufficient bono. To be approved by said lfaard of Supervisors. The condition of such bond shall he tp ObliEutc the corpora ton to observe all Of the provisions Of this law. and shall be for the purpose of guaranteeing that the corporation will exercise ordinary care in storage Or lie. and shall be for the purpose of guaranteeing the classification. N lei ghts. grades and measures made by the cor poratIon. Provides that any person m tured may sue on the bond and the State need not be made a party. Pro Vtdes that the control of said corpora ton shall be by board of directors 0f not less than three OF more than nine. which directors shall he elected annu- ally nt the general meeting of the members of the corporation Provides that the profits shall be divided among members of the corporation. but pro vides further that 2r per cent of the Het profits of each years business shall he paid into the reserve fund until such fund equals the amount of the orig inal capital stock
 Provide. That corporations chartered under this act shall have the right to act as warehousemcn. and shah have the right tn sell i'll the market all ptUd- uets of the ranch, orchard or farIn on q commission basis Provides that such corporations shall take a fair sample from each bale deposited with them. which sample shall be graded hV com potent graders under the control of supervisors. Provides that such cor p8falfuhS uaN loan money upon prod ucts placed In thctr warehouse. and provides that such corporations may loan La their members money ta cua hic them To make and mature thctH crops
 Provides that all public gins shall D" required to obtain a license by mRk- ing application to the Comlr ~laner of Mines. etc Provides that cotton istn- ned by a pubic Eiuucr shall h,. haItd in press box not exceeding 21N54 inches. inside measurement. and shah be wrapped with sound standard bag EiuE not to exceed seven yards Der bn.Ie-
 Provides that such Einner shah at tach such marks of identification as may be provided by the Commissioner uf Mines, and prov idtS that such gtn- per shaN pay into 'he State treasury lg centr for each tag or mark of iden- tihcation used by him. Provides that such tass shall be good for the season for which they are issued and shall not e T. H ttf son. but provides that taEs left on hand may be exchanged for tags ot the sue eeedtpg season. the word season mean ing from the first day of May to the Soth day of Aprii follow ing Provides a penalty of not less thBu Sf0 or more than $a0 for gipuer to NllltHiis fui oT neglect to attach a proper f3eutff- cation tag te each hg4e pt cotton