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ceed to inspect the whole lot, and brand each package so found
accordingly; and for each and every package so inspected and
branded by them they shall be entitled to receive from the owner,
consignee, manufacturer or packer of same a sum at the rate of five Fees.
cents per barrel, and no more; provided, however, that any interested Proviso.
party who considers himself aggrieved by the action of any inspector
in carrying out the provisions of this section, may require the ap-
proval of the board of commissioners of produce inspectors to such
charge before payment thereof.

SEC. 1864. For the inspection of flour the inspector shall be provided with a half-inch barrel auger, with which each barrel of flour Flour, how inspected. shall be bored into, so as to satisfy themselves of the quality of the flour. And if any flour shall be found on examination to contain a mixture of Indian meal, or any other mixture, the person offering the Penalty against same shall forfeit and pay the sum of four dollars for every barrel so of mixture. mixed, and the flour shall be liable for the payment thereof.

Act 1855, p. 466.

owner in case

Penalty for altering the brand

or mark of in

SEC. 1865. If any person shall alter or erase any brand or mark of the inspector, every person so offending shall forfeit and pay the sum of fifty dollars for every such offence-one-half to the use of the per- spectors. son prosecuting for the same.

Quære

N. B.-Sec. 1859 to 1865 superseded by Act 1870, Ex. S., p. 156, No. 71. INSPECTION OF HAY IN THE CITY OF NEW ORLEANS. SEC. 1866. The governor shall appoint, as provided by law, and by Three inspec⭑and with the consent of the senate, three inspectors of hay for the city tors of hay to be appointed and port of New Orleans; provided, however, that the governor shall by the governor have power to remove from office any such inspector upon satisfactory proof made to him of negligence, incompetency or official misconduct. Each of said inspectors shall give bond, payable to the governor or his successor in office, with two sufficient sureties, in the thousand penal sum of five thousand dollars, conditioned for the faithful performance of the duties required of him, as provided by law.

D. sec. 1645, 1646; Act 1867, p. 327.

Bond five

dollars.

SEC. 1867. It shall be the duty of said inspectors of hay to inspect all lots of hay in the city and port of New Orleans, on the levee or in All hay to be inspected prior store. They shall have a proper office or offices, which shall be open to sale. from eight o'clock in the morning until four o'clock in the afternoon, where shall be kept a complete record of all inspections of hay made by each inspector, disclosing the date of inspection, the name of the holder or owner of the hay inspected, gross and net weight, tare and classification; provided, that no hay shall be sold in the city and port Provided.

Penalty for neglect.

Inspection.

Fees.

Inspector of flour, beef and

pork for Jefferson parish.

His fees.

His powers and duties.

of New Orleans until it has been once inspected, as provided for in this act, and that any person who shall sell hay in said city and port that has not been inspected as aforesaid shall be liable to a penalty of one dollar for every bale of hay so sold, to be recovered, with costs of suit, in any court of competent jurisdiction.

Act 1865, p. 120.

SEC. 1868. Such inspection shall consist in such an examination, weighing, classification and branding of hay as shall be determined and fixed upon by the chamber of commerce of the city of New Orleans; and for such inspection said inspectors shall be entitled to receive from the party requesting the same the sum of ten cents for each and every bale so inspected, and no more.

Act 1867, p. 327.

INSPECTION OF FLOUR, BEEF AND PORK IN THE
PARISH OF JEFFFRSON.

SEC. 1869. It shall be the duty of the governor to appoint a suitable person to be flour, beef and pork inspector in and for the parish of Jefferson.

Act 1855, p. 465.

SEC. 1870. Said inspector shall be entitled to the same fees as are now allowed to the inspectors of flour, beef and pork in and for the city of New Orleans.

SEC. 1871. He shall have and exercise the same rights, privileges and powers as are conferred by the several laws of this State upon the inspectors of flour, beef and pork for the city of New Orleans.

INSPECTION OF FLOUR AND OF WEIGHTS AND

MEASURES FOR THE TOWN OF WASHINGTON.

SEC. 1872. The governor, with the advice and consent of the senInspector to be ate, shall appoint an inspector of flour, who shall also fulfil the duties appointed. of inspector of weights and measures, for the town of Washington, whose duties, compensation and penalties shall be the same as are now prescribed and are allowed by the existing laws regulating the same in the city of New Orleans.

His duties.

Inspection to be voluntary.

D. sec. 1651; Act 1855, p. 372.

INSPECTION GENERALLY.

SEC. 1873. It shall be lawful for any owner, agent, consignee or receiver of produce to sell or ship the same, with or without inspection; provided, however, that the said owner, agent, consignee, or receiver

shall be bound to have any produce offered for sale inspected when inspection shall be demanded by the purchaser. Said inspection, when required, shall be made by the inspector commissioned under the authority of the State.

Act 1855, p. 329.

See Act 1877, Ex. S., p. 60, No. 37-inspector of coal oil.

INSURANCE COMPANIES.

See Act 1874, p. 162, No. 111-dividends; Act 1877, p. 24, No. 21-domicile; Act 1877, Ex. S., p. 64, No. 39- life insurance.

Annual report

insurance com.

panies.

SEC. 1874. The officers of each insurance company incorporated by the laws of this State shall, within one month from the close or expiration of each year of the corporation, cause to be published in to be made by two or more daily newspapers published in the city of New Orleans, and for the term of at least one month, a full statement, under oath, of the business of the company, which statement shall contain-first, the amount of premium received during the previous year, specifying what amount was received for life insurance, for insurance against fire, what on marine policies and what on river policies; second, the amount of losses incurred during the year, specifying and designating what amount of losses have been incurred by the different kinds of policies as aforesaid; third, the amount of capital, stating the portion of the same invested in securities, and the nature of securities.

D. sec. 728; Act 1855, p. 485.

Report to be

made annually

by the agent of

panies not in

SEC. 1875. Every person acting as agent of an insurance company not incorporated by the laws of this State, and doing fire, marine or river insurance within the city of New Orleans, shall, during the month of January of each year, cause a full statement, under oath, of insurance comthe business of the agency, to be published in the manner and form corporated. and for the term, as specified in the preceding section; and for the Penalty for neglect or reneglect or refusal so to do shall forfeit and pay into the city treasury fusal to make the sum of one thousand dollars for each and every neglect or refusal. Whenever the parent or principal office of the agency shall publish an annual statement of its affairs, the time mentioned in the first part of this section for the publication of the affairs of the agency shall be so far changed as to correspond with the annual statement of the insurance company, and shall then be published as aforesaid within one month from the date of the publication.

D. sec. 729.

the report.

SEC. 1876. (A protest in New Orleans to be evidence, in certain cases, of the cause of fire, etc.) See D. 1439.

D. sec. 2467; Act 1855, p. 208.

SEC. 1877. (Weekly statements of unclaimed and unsettled balances.) See D. 742.

Act 1859, p. 142.

SEC. 1878. (Same publication by all incorporated institutions.) See D. 743.

SEC. 1879. (Omission to make said publication subjects the corporation so omitted to fine.) See D. 744.

SEC. 1880. (Provisions of this act not to apply to incorporated savings banks of this State.) See D. 745.

SEC. 1881. (Licenses.) Repealed.

SEC. 1882.
Repealed.

D. sec. 315, 732, 3232, 3234; Act 1869, p 146.

(Certain insurance companies exempt from license tax.)

D. sec. 3338; Act 1863, p. 174.

INTEREST.

Rate of legal interest.

Rate of conven

SEC. 1883. All debts shall bear interest at the rate of five per cent, from the time they become due, unless otherwise stipulated.

C. C. 554, 2923 (2894) to 2925 (2896); D. sec. 565; 24 A. 17; Act 1855, p. 352.

SEC. 1884. Article two thousand eight hundred and ninety-five of the civil code shall be so amended that the amount of conventiona tional interest. interest shall in no case exceed eight per cent., under pain of forfeit. ure of the entire interest so contracted.

Right given to sue for interest

C. C. 2924 (2895).

SEC. 1885. If any person hereafter shall pay on any contract a when higher higher rate of interest than the above, as discount or otherwise, the same may be sued for and recovered within twelve months from the time of such payment.

rate than al

lowed has been paid.

Damages due

C. C. 2924 (2895).

SEC. 1886. The holder of any circulating note which may have been protested for non-payment shall be entitled to damages at the holders of pro- rate of twelve per cent. per annum, in lieu of interest, until final pay. ment, payable out of the general fund of the insolvent party.

tested paper of free banks.

D. sec. 298, 320, 321; Act 1855, p. 214.

SEC. 1887. Bankers and banking companies shall be entitled to charge and receive discount at a rate not greater than the maximum Rates of interest chargeable allowed by law on conventional obligations; and their other contracts by corporations. shall be regulated by the laws in regard to interest upon contracts between individuals.

D. sec. 299, 316.

SEC. 1888. Instead of the highest conventional interest, which tutors of minors are, by the three hundred and forty-first article, made Amendment. liable to pay their pupils on the funds which they may have failed to place at interest for their use, the said tutors will be accountable only for legal interest.

C. C. 347 (341); D. sec. 424, 2347, 3826; Act 1825, p. 198, sec. 1.

SEC. 1889. The owner of any promissory note, bond or written obligation for the payment of money, to order or bearer, or transferable Promissory by assignment, shall have the right to collect the whole amount of notes, etc., collectible, such promissory notes, bonds or written obligations, notwithstanding though bearing interest greater such promissory notes, bonds or written obligations may include a than eight per greater rate of interest or discount than eight per cent. per annum; provided, such obligations shall not bear more than eight per cent. interest per annum after their maturities until paid.

D. sec. 337, 2904; Act 1860, p. 41; C. C. 2924 (2895).

cent.

SEC. 1890. From and after the passage of this act the banking institutions of the State of Louisiana be and they are hereby authorized Bank discount, to discount paper at the rate of eight per cent. per annum interest.

D. sec. 299, 316; Act 1855, p. 352; Act 1856, p. 130; Act 1866, p. 58.

INTEREST TAX FUND.

SEC. 1891. (Annual tax levied to pay the annual interest on State bonds.) See D. 3820.

D. sec. 208, 3803; Act 1869, p. 66.

SEC. 1892. (Interest tax fund.) See D. 3821.

D. sec. 209, 3804.

SEC. 1893. (Repeal of laws.) See 3822.

D. sec. 210, 3805.

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