Page:United States Statutes at Large Volume 42 Part 1.djvu/1310

 SIXTY-SEVENTH CONGRESS. Sess. IV. GH. 106. 1923. 1283 That section 6 of the United States Warehouse Act, approved _,dV°*·3°»P·*8°:¤¤¤¤d· Augéist 1%,  is aglnendedl to read as follows: ` ‘ 1:0. a eac ware ouseman a l in for a license to con- B°°d‘°l’°m°"bY duct a warehouse in accordance with til1IisyAc§: shall, as a condition waiiivhaolluréuirinéiis modito the granting thereof, execute and file with the Secretary of Agri- H°iib1.4i,p.m. culture a goo and sufficient bond to the United States to secure °°°"““°"“· the faithful performance of his obligations as a warehouseman under the laws of the State, District, or Territoryr in which he is conducting such warehouse, as well as under the terms of this Act and the rules and regulations prescribed hereunder, and of such additional obligations as a warehouseman as may be assumed by• him under contracts with the respective depositors of agricultural prod- · ucts in such warehouse. Said bond shall be in such form and S"'°°i°"°°°"°"°t°' amount, shall have such surety or sureties, subject to service of process in suits on the bond within the State, District, or Territory in which the warehouse is located, and shall contain such terms and conditions as the Secretary of Agriculture may prescribe to carry out thefpurposes of this Act,] and may, in the discretéioré of the Secreta o A· iculture inclu e the requirements o re insurance. _ Wiliienever ais Secretizry of Agriculture shall determine that a bond "°w°'°°°l b°°d' approved by him is, or for any cause has become, insufficient, he may require an additional bond or bonds to be given by the warehouseman concerned, conforming with the requirements of this section, and unless the same be given within the time fixed by a written demand therefor the license of such warehouseman may be suspended or revoked. That section 11 of the United States Warehouse Act, approved ,,dY“‘3°·P·‘“7·°m““d` August 11, 1916, is amended to read as follows: ` “ Sec. 11. That the Secretary of Agriculture may upon presenta—, f“‘P,§‘§ tion of satisfactory proof of competency, issue to any person a wwwlicensc to inspect, sample or classify any agricultural product or products, stored or to be stored in a warehouse licensed under this Act, according to condition, grade or otherwise and to certificate the condition, grade or other c ass thereof, or to weigh the same and certificate the weight thereof, or both to inspect, sample or classify and weigh the same and to certificate the condition, grade or other class and the weight thereof, upon condition that such person agree °°“‘”“°'“‘ to comply with and abide by} the terms of this Act and of the rules and regulations proscribed ereunder so far as the same relate to him." That section 12 of the United States Warehouse Act, approved °dY°l-3°·P·*87·°m°°d· August 11, 1916, is amended  read as follows: _ " Sec. 12. That any license issued to any person to inspect, sample m§,g{,Pg$¤g*;gmg;,${g or classify or to weigh any agricultural product or products un er uamugs. this Act may be suspended or revoked by the Secretary of Agri- cause. culture whenever he is satisfied, after opportunity aiforded_to the licensee concerned for a hearing, that such licensee has failed to inspect, sample, or classify or to weigh any agricultural product or products correctly, or has violated any of the provisions of this Act or of the rules and regulations prescribed hereunder, so far as the same may relate to him, or that he has used his l1cense_or allowed Tmpmmyymmwt it to be used for any improper purpose whatever. Pending mvesti- nearing. gation, the Secpetary mg Agr1c11_1tu1e,t§he;1¢i1ver he geems necessary, mav sus end a icense m orariy wx ou earmg. ,0 u _ That Section 15 of the glnited States Warehouse Act, approved ml L3°""“‘88’“’“° d August 11, 1916, is amended to read as_follows: I mg tc hm. ‘ Sec. 15. That any fungible agricultural product stored for gigoduétg » interstate or foreign commerce, or in any place under the exclusive jurisdiction of the United States, in a warehouse licensed under