ACT. 14] BILLS OF LADING, STORAGE AND ELEVATOR RECEIPTS. 11
the place of such sale, which place shall be the city or county
. in this State wherein the warehouseman's principal office is
located; and (4) a statement that the said spirits may be
redeemed by the owner thereof prior to such sale upon payment
to the warehouseman of the amount of his lien at the date of
such payment, together with the expenses incurred in connec-
tion with said sale and the advertisement thereof.
17. At any time previous to such sale the owner of said
spirits may redeem the same by paying to the warehouseman
the amount due on account of his said lien to the day of such
payment together with whatever expenses may have been in-
curred in connection with said sale and the advertisement
thereof.
18. If the spirits are not redeemed in the manner authorized
by the preceding section of this Act, then at the time and place
named in the aforegoing notices the warehouseman may sell the
said spirits at public auction to the highest bidder, and out of
the proceeds of sale he may retain a sum sufficient to satisfy in
full the amount of storage charges due upon said spirits, and
the amount of advances for any of the purposes aforesaid made
thereon, together with interest on said advances as aforesaid,
and all expenses incurred in connection with said sale, all of
which items shall be computed to the day of said sale, and the
balance, if any, shall be held by the warehouseman for the
account of such person or persons as may be lawfully entitled
thereto, and shall be paid to such person or persons upon satis-
factory proof that he or they are entitled to the same.
19. The provisions of this Act shall not be taken to preclude
the warehouseman from pursuing at any time any other remedy
or remedies he may lawfully be entitled to pursue for the
recovery of his storage charges upon spirits stored with him,
or for the recovery at any time of any advances made by him
upon said property; nor shall anything in this Act contained
be taken to bar or preclude the warehouseman from recovering,
in any way he may be lawfully entitled to recover, so much of
his said lien and expenses as the proceeds of any sale made
hereunder may be insufficient to pay.
20. It shall be lawful for the warehouseman whose lien is
being enforced by sale under the provisions of this Act to be-
come the purchaser at the sale of the spirits upon which said
lien exists.
SEC. 2. And be it further enacted, That this Act shall take
effect from the date of its passage.
Approved April 8, 1908.
|