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Session Laws, 1935
Volume 579, Page 553   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 553

54E. Execution: Any chattel mortgage given under and
pursuant to this Act shall be executed by the mortgagor
and need not be sealed or witnessed, but shall be acknowl-
edged.

54F. Affidavit of Consideration: It shall not be neces-
sary to the validity of any chattel mortgage given under
and pursuant to this Act for any party thereto to make or
record any affidavit, affirmation or oath as to the considera-
tion of such chattel mortgage, the debt secured or any
other matter in connection therewith.

54G. Docketing: (1) Any chattel mortgage given
under and pursuant to this Act, or instrument intended to
operate as such, shall be filed in the office of the Clerk of
the Circuit Court for the county in which the chattels or
crops are located; and if in Baltimore City, in the office
of the Clerk of the Superior Court. The Clerk shall docket
such instrument when presented to him for that purpose,
in a well bound book to be known as "Federal Farm Credit
Lien Book; " and shall alphabetically index same therein,
setting forth the date of the lien, the name of the mort-
gagor and mortgagee, the amount advanced and the limit
thereof, and a brief description of the chattels described
therein and/or the crops affected, and the property on
which said chattels and/or crops are located.

(2) Every assignment made of any instrument exe-
cuted under and pursuant to this Act may be filed in the
office of the Clerk where the original instrument is
docketed; and when any such assignment is presented for
filing the said Clerk shall enter upon the margin of the
page on which is docket the original instrument, the name
of the assignor and assignee and the addresses of each,
the date of the execution of the assignment and the amount
of the debt as of the date of the assignment and the date
of filing thereof.

54H. Fees: The clerks of the courts are entitled to
receive for services hereunder, the following fees: For
docketing and indexing each mortgage, fifty cents; for cer-
tified copies of each instrument where the copy to be certi-
fied is prepared by the person requesting certification,
twenty-five cents; for certified copies of each instrument
where the copy to be certified is not so furnished, twenty-
five cents, and in addition ten cents for each one hundred
words copied; for marginal releases, twenty-five cents, and
for marginal assignments, twenty-five cents.

 

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Session Laws, 1935
Volume 579, Page 553   View pdf image (33K)
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