Page:United States Statutes at Large Volume 30.djvu/838

 8(] FIFTY-FIFTH CONGRESS. Sess. III. Ch. 47. 1899. ··l=<>W ¤¤¤·l°· Sec. 153. That the protest must be annexed to the bill, or must contain a copy thereof, and must be under the hand and seal of the notary making it, and must specify- First. The time and place of presentment. Second. The fact that presentiuent was made, and the manner thereoil Third. The cause or reason for protesting the bill. Fourth. The demand made and the answer given, if any, or the fact that the drawee or acceptor could not be found. ——by whom- Sec. 154. That protest may be made by— First. A notary public; or Second. By any respectable resident of the place where the bill is dishonored, in the presence of two or more credible witnesses. —when to bemme. Sue. 155. That when a bill is protested, such protest must be made on the day of its dishonor, unless delay is excused as herein provided. When a hill has been duly noted, the protest may be subsequently extended as of the date of the noting. --1 ¤:•·•·¤d¤. Sec. 156. That a bill must be protested at the place where it is dishonored, except that when a bill drawn payable at the place of business or residence of some person other than the drawee, has been dishonored · by nonacceptanee, it must be protested for nonpayment at the place where it is expressed to be payable, and no further presentment for payment to, or demand on, the drawee is necessary. mgylgga l:;d¤;0*;j Sec. 157. That a bill which has been protested for nonacceptance may payrbent. be subsequently protested for nonpaymeut. épyggegwe lll; Sec. 158. That where the acceptor has been adjudged a bankrupt or amoitm. P an insolvent, or has made an assignment for the benefit of creditors, before the bill matures, the holder may cause the bill to be protested tor better security against the drawer and indorsers. ‘::3¤;_lg,j°**¤° ·llS· Sec. 159. That protest is dispensed with by any circumstances which P°would dispense with notice of dishonor. Delay in noting or protesting is excused when delay is caused by circumstances beyond the control of the holder and not impntable to his default, misconduct, or negli- F gence. When the cause of delay ceases to operate the bill must be noted or protested with reasonable diligence. _ §’r<;r¤s¤ ¤l>=r<> l·lll Sec. 160. That where a bill is lost or destroyed, or is wrongly detained "’ °” ’ from the person entitled to hold it, protest may be made on a copy or written particulars thereof. h;; y ··1·*=· ¤<**> M ,xn*rr<·1.r: v. AcCEP*1‘AN<·11 Fon nonon. —=<i·<—¤ ¤¤=··¤=·- Sec. 161. That where n bill of exchange has been protested for dis. honor by nonacceptance or protested for better security and is not over- » due, any person not being a party already liable thereon may. with the consent of the holder. intervene and accept the bill supra protest for the honor of any party liable thereon or lor the honor of the person for whose account the bill is drawn. The acceptance for honor may be for part only of the sum for which the bill is drawn; and where lYl16l'B has been an acceptance for honor for one party there may he a further acceptance by a ditierent person for the honor of another party. yl""' ’"“‘*“· Sec. 162. That an acceptance for honor supra protest must be in writing and indicate that it is an acceptance for honor. and must be _ signed by the acceptor for honor. ' h_f;)l;e1;__il;g;~;l M Sno, 163. That where an acceptance for honor does not expressly state for whose honor it is made it is deemed to be an acceptance for the honor of the drawer. ‘ litigbilils ·~f =··- Sec.164. That the acceptor for honor is liable to the holder and to ` gggplairgles to the bill subsequent to the party for whose honor he has Azreemenr ·~t ¤··- Sec. 165. That the acce for for honor by such acee r ri ir "“l""'· that he will on due preseiftmeut pay the bill according toatlizeetblimzghi his acceptance, provided it shall not have been paid by the drawee and provided also that it shall have been duly presented for payment and protested for noupayment and notice of dishonor given to him.