The courier-index., 1919-06-20
AssssS.a 44X f.klssfs E2; ss. II. 1919.

ARVr0VEQ
 An Act to amend Act No. 26s of the Acts of 1917, entitled "An Act to es- tAhlish and regulate bonded ware houses; to establish marketing pu- reA0 to regulate the ginning and pack ing of cotton. to provide for the grad ing and classification of cotton and oth- CT foreign products" Provides that any number of persons. not less than ten, at least SO per cent of whom shall be engaged in agriculture, may apply houses for charter as public ware housemen Prescribes the necessary contents of the application and pro- vides that the capital stock shail not be less than 1000. Provides that when the application is approved the Seo- which charter shall be recorded by the Com ssfonsr of Mines. etc, and such commissioner shall issue certificate permitting such warehouses Ss do bus moss in this State. Provides that the warehouse shall enter into the State of Arkansas with good and sufficient bond to be approved by said Board of Supervisors. The condition of such bond shall be to obligate 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 sale. and shah be for the purpose of guaranteeing the classification, weights.
 
 poration. Provides that any person in- 3ured may sue on the bond and the State need not be made . party. Pro- vides that the control of said corpora tion shall be by . board of directors of not less than three or more than nine. which directors shall be elected annu- hsmbsr. of tho corporation Provides thAt the prohts shall be divided among members of the corporation. but pro- fur tkar thaf nAv,t Nf tha net profits of each years business shall be paid into the reserve fund until such fund equals the amount of the orig final 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 oor- porations may loan money upon prod ucts placed in their warehouse, and provides that such corporations may loan to their members money to ena ble them to make and mature their crops
 Provides that all public gins shall De required to obtain a license by mak- ing application to the Commissioner of Mines. etc. Provides that cotton gin- ned by a public ginner shall be baIed In press box not exceeding 27x5< Inches, inside measurement, and shall be wrapped with sound standard bag ging not to exceed seven yards per bale
 Provides that such ginner shall at- tach such marks of Identification as may be provided by the Commissioner CT of Mines. and provides that such gfn- ner shall pay into the State treasury ! x cents for each tag or mark of idep- tincstion used by him. Provides that such tags shall be good for the season for which they are issued, and shall not be subject to be used for any other sea son. but provides that tags left on hand may be exchanged for tags of the sue ceeding season; the word season mean ing from the first day of May to the s0th day of April following Provides a penalty of not less than s10 or more than $50 for a ginner to willfully fail or neglect to attach a proper identifi- cation tag to each bale of cotton.