The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1923-04-12

to that date is required in each city
and county. The penalty of 10 pei
cent heretofore added to delinquent
taxes, is RENTED by this act until
October /, 1923, at which time the
penalty is added to all taxes for 1922
then unpaid. Provision is made that
where the penalty has already beer
paid, it shall be refunded by the
county board or the city council. All
1922 delinquent taxes bear interest
at the rate of one per cent per month
from November 3Oth until paid.
Semi-AnnuaI Payment of Taxes
Hereafter taxes in Montana are pay
able semi-annually, one-haif on Nov
ember 30 and one-half on May 81
following, with the proviso that I'M
less the one-half payment due on
November 80 is paid on time, the
whole amount of taxes becomes de-
linquent Immediately, subject to a
penalty which the law now fixes at
five per cent instead of ten as here
tofore. If the first installment is
paid but the second one, due May 81,
is not met, then the amount so due
is subject to the five per cent pen
atty, and an interest rate of n per
cent per month unil paid.
Redemption from Tax Sales-If
real property has been sold to any
county for taxes and no assignment
of such tax sale certificate has been
made by the county, any person hav-
ing interest in the real estate may
redeem it by paying the original tax
plus eve per cent interest from the
date of sale.
Grain Storage and Marketing
Far reaching changes in the pro-
lection of owners of grain delivered
to public warehouses in Montana are
worked by House Bill lat which de-
fines the storage or grain as a bail
ment, and not a sale, and specifically
guarantees the owner of the grain so
stored the right to receive back at
the point of delivery, or at a term
inal if the owner so desires, grain of
the grade and quality delivered.
Heretofore elevator men in Mon
tana contended that the state law
conferred upon them the right to
make delivery at a terminal of their
choosing, if they so desired, or to
make settlement for a warehouse re-
ceipt for grain, in cash, at the ele-
vator mans option. This opened the
way to stop competition as applied
to grain in storage in a public ele-
vator, while the new provisions of
the law will free competition to ope-
rate on grain after it's storage. The
law prohibits the sale of stored grain
by an elevator and the use of the pro-
ceeds of such sale in the elevator or
grain business, a practice which the
old law did not prohibit and which
has caused heavy losses to of
grain in connection with elevator
failures in Montana. The Montana
department of agriculture is vested
with power and it is made its duty
to act as agent for the protection of
holders of warehouse receipts in the
event of conditions arising such as to
jeopardize the safety of grain in
storage.
The farm storage warehouse bill
had several objects to serve by its
passage, and its usefulness depends
upon what recognition is given by the
federal intermediate credit banks, the
federal reserve banks and other agen-
lies empowered by law to loan and
'e%discount on paper with agricultural
security, to the warehouse certificates
hat will be issued under his law up
IN grain stored upon the farm. The
aw provides for the inspection of
storage warehouses, the grad
ng and measuring Of grain SC stored
md the issue of a farm storage certi-
icate setting forth not only the grade
md test weight of the grain and the
conditions of its storage, but at the
'equest of the owner, other facts
bout the grain, such as the protein
in case of wheat. Grain thus
tored is sealed in the granary. The
warehouse certificate is prepared in
UGH form that when negotiated, it
.onveys title to the grain covered by
and the law requires that when
UGH certificate is sold or used as col
ateral for an advance, the grain must
Ne fully insured. Organizations of
armers into rural credit associations
O put their mutual strength back of
UGH warehouse certificates, and to
directly the notes secured by
hem, without going through local
anks, is contemplated under this law.
'wo main objects are to relieve ele-
ator and transportation congestion
n the fall and to make the grain
wners better bargainers in the sale !
f their grain by having its factors {
f value completely known to them
Y official test, before they offer it |
or sale to a public elevator.
Concluded next week.
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