The Carlisle independent., 1919-06-19
ACT NO. 0T. A AnmYnyad rAhrun- IT. |


 An Act to amend Act No. 266 of the Acts of 1917. entitled An Act to es- tahlish and regulate bonded ware houses; to establish q marketing bp- reau 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 60 per cent of whom shall be engaged in agriculture, may apply to the board of supervisors of ware houses for 2 charter as public ware contents of the application and pro- vides that the capital stock shall not be less than f1,ooo. Provides that when retary of State shall issue charter which charter shall be recorded by the Commissioner of Mines, etc. and such commissioner shall issue 8 certificate mess, in this State. Provides that the warehouse shall enter into the State of 3fhansas with good and sufficient bond. to be approved by said Board of bond shall be to obligste the corpora tton 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 shall be for the purpose of guarante eing the cls ssification weights grades and measures made by the cor poratfon. Provides that any person in- Jun ed may sue on the bond and the State need not be made a party. Pro- Yides that the control of said corpora ton shall be by board of directors of not less than three or more than nine which directors shall be elected anRu- ally at the general meeting of the members of the corpora ton Provides that the profits shall be divided among mem bers of the corporation, but pro- VIdes further that 20 per cent of the net profits of each years business shalt be paid into the reserve fund until such fund equals the amount of the orig tnal 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 potent graders under the control of supervisors. Provides that such cor pofafions may loan money upon prod ucts placed in their warehouse and provides that such corporations may loan 10 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 Mines, etc. Provides that cotton gin- ned by public ginner shall be baled In q press box not exceeding 27x54 inches, inside measurement and shall be wrapped with sound standard bag ging not to exceed seven yards per bale
 Provides that such ginner shall att 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 2I2 cents for each tag or mark of iden- tihcatfon 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 Eza 4ls,. T
 ceeding season; the word season mean ing from the first day of May to the 30th day of April following Provides 2 penalty Of not less than s10 6r more than $50 for a ginner to willfully fail or neglect to attach a proper identif- cation tag to each bale of cotton