Congressional Serial Set Volume 4493

Congressional Serial Set Volume 4493

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Description

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ... demand, in writing, the sale of the goods by surrendering the protest and warrant. The first creditor, having redeemed the warrant, has the same right at the expiration of seven days from the day of payment, provided no protest has been entered. If the date of sale and the number of previous notices have not been mentioned by the mover for the sale of the goods, the company itself determines both according to the following paragraphs: 13. The sale is conducted publicly by an official of the company or by a licensed broker. The sale is to be announced in three newspapers, on two different days, without mentioning the name of the mover. The company may have samples of the goods drawn, and may permit bidders to inspect and sample them, as is usual with auctions. 14. From the receipts, payments are to be made in the following order: (a) For the expenses of selling, for which the company charges 1 per cent commission; (b) for the company's claims for storage, for expenses for the care of the goods, insurance, etc., from date of warrant; (") for the amount of the warrant, including 6 per cent interest from date of maturity, to the holder of the warrant; (d) for all other claims of the company for costs, etc.; and (e) the balance is to go to the holder of the warehouse receipt. 15. Should the receipts but partially cover the warrant, the company and the holder of the warehouse receipt indorse said amount on warrant, and the warrant will be returned. 16. The same rules will be carried out if the holder of the warehouse receipt employs the company to sell the goods. 17. When a pledge is given by the surrender of an indorsed warehouse receipt, the indorsement is accepted as proof in writing that the holder of the pledge is empowered, without further...show more

Product details

  • Paperback | 160 pages
  • 189 x 246 x 9mm | 299g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236536711
  • 9781236536716