Acts of the General Assembly of the State of AlabamaJ. Boardman, 1907 |
Other editions - View all
Common terms and phrases
amended appeal appointed Approved August Approved March assessment auditor authorized bama bill bond cause certificate chancery court charge circuit court city or town clerk Coffee county commissioners common carrier consignee contract conviction coun council Dale county deemed demurrage dispensary dollars per annum duty election entitled an act filed freight fund governor hereafter hereby appropriated holder hundred dollars indorsement iness issue Jefferson county judge of probate judgment jurisdiction law and equity Lee county legislature of Alabama license liquors Marion county mayor ment miles Mobile county Monday Morgan county municipality notice ordinance owner paid party payable payment Penalty pension person prescribed probate judge quired railroad commission rates read as follows regulations repealed resident salary Section Tallapoosa county taxation term therein thereof thirty days thousand dollars tion transportation treasury trustees vided vote warrant
Popular passages
Page 421 - But no person shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter or thing, concerning which he may testify, or produce evidence, documentary or otherwise, before said Commission, or in obedience to its subpoena, or the subpoena of either of them, or in any such case or proceeding, Provided, That no person so testifying shall be exempt from prosecution and punishment for perjury committed in so testifying.
Page 655 - A (negotiable) promissory note is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay on demand, or at a fixed • or determinable future time, a sum certain in money to order or to bearer.
Page 635 - The title of a person who negotiates an instrument is defective within the meaning of this act when he obtained the instrument, or any signature thereto, by fraud, duress, or force and fear, or other unlawful means, or for an illegal consideration, or when he negotiates it in breach of faith, or under such circumstances as amount to a fraud.
Page 640 - Except as herein otherwise provided, when a negotiable instrument has been dishonored by nonacceptance or nonpayment, notice of dishonor must be given to the drawer and to each indorser, and any drawer or indorser to whom such notice is not given is discharged.
Page 627 - ... when the name of the payee does not purport to be the name of any person...
Page 652 - Where a bill of exchange has been protested for dishonor by non-acceptance, or protested for better security, and is not overdue, 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 for the honor of the person for whose account the bill is drawn.
Page 631 - The indorsement must be an indorsement of the entire instrument. An indorsement, which purports to transfer to the indorsee a part only of the amount payable, or which purports to transfer the instrument to two or more indorsees severally, does not operate as a negotiation of the instrument. But where the instrument has been paid in part, it may be indorsed as to the residue.
Page 116 - ... a greater or less compensation for any service rendered, or to be rendered, in the transportation of...
Page 625 - ... 1. At a fixed period after date or sight ; or 2. On or before a fixed or determinable future time specified therein; or 3. On or at a fixed period after the occurrence of a specified event, which is certain to happen, though the time of happening be uncertain. An instrument payable upon a contingency is not negotiable, and the happening of the event does not cure the defect.
Page 638 - Presentment for payment is not necessary in order to charge the person primarily liable on the instrument ; but if the instrument is, by its terms, payable at a special place, and he is able and willing to pay it there at maturity, such ability and willingness are equivalent to a tender of payment upon his part. But except as herein otherwise provided, presentment for payment is necessary in order to charge the drawer and indorsers.