J. MILLARD TAWES, GOVERNOR                               975

as a cash discount or for any other marketing purpose, which
entitles the rightful holder, on its due presentation for redemption,
to receive merchandise, service or cash. This term, however, shall
not mean any redeemable device used by the manufacturer or packer
of an article, in advertising or selling it, or any redeemable device
issued and redeemed by a newspaper, magazine or other publication.

(b)  The term "trading stamp company" "means any person engaged
in distributing trading stamps for retail issuance by others, or in
redeeming trading stamps for retailers, in any way or under any
guise.

(c)  The term "person⁹' means any individual, partnership, corpo-
ration, association or other organization.

240. No trading stamp company shall commit any fraud or shall
make any false representation or shall resort to any lottery, in dis-
tributing or redeeming trading stamps in this State.

241. No trading stamp company shall distribute trading stamps
in this State or shall redeem trading stamps hereafter issued therein
unless (a) each stamp has legibly printed upon its face in cents or
any fraction thereof a cash value determined by the company, and
(b) the rightful holders may, at their option, redeem the stamps in
cash when duly presented to the company for redemption in a num-
ber having an aggregate cash value of not less than twenty-five cents.

242. (a) No trading stamp company shall distribute trading
stamps in this State or shall redeem trading stamps hereafter issued
therein until it has filed with the Secretary of State:

A. A statement of registration accompanied by representative
samples of its stamps, stamp collection books, stamp redemption
catalogues, and stamp distribution and redemption agreement forms,
currently used in this State. Each such statement shall provide the
following information:

(1)   The name and principal address of the company;

(2)  The state of its incorporation or origin;

(3) The names and addresses of its principal officers, partners
or proprietors;

(4) The address of its principal office in this State;

(5)  The name and address of its principal officer, employee or
agent therein;

(6)  The addresses of its stamp redemption places therein;

(7)  A short form of its balance sheet, as at the end of its last
fiscal year prior to such filing, certified by an independent public
accountant; and

(8)   Unless the principal sum of the bond hereinafter required to
be filed by the company is the maximum amount, a statement of its
gross income from its business in this State as a trading stamp
company during such last fiscal year, certified by an independent
public accountant;

and simultaneously therewith.