Acts of the Legislative Assembly of the Territory of New Mexico, Session...

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N.M. print. Company, 1907 - 459 pages
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An Act in relation to property rights of Husband and Wife C B No 63
An Act to encourage the erevtion of beet sugar factories and for other pur
An Act relating to the sale of lands in townsites where legal title is vested
effect from and after the date of its passage
An Act to regulate logging and prescribing the rights to the use of streams
combinations and monopolies H B No 14
Chapter 2 Session Acts of 1901 repealed
Mexico of 1897 be amended by adding at the end thereof
hereby is amended by striking out the first ten words thereof
sale of intoxicating liquors upon any train operated over
of the Rio Grande in Rio Arriba county H B No 225
The Treasurer of the Territory of New Mexico
the requirements of Section 2 of An Act of Congress entitled
hereby repealed and this act shall take effect and be in force
An Act fixing the times of holding district courts in Otero and other
such vacancy has occurred to fill said vacancy by appoint
An Act amending Section 2 of Chapter 116 of the Laws of 1905 relative
from and after the date of its passage
be designated by the city council or board of trustees of
Mexico of 1897 be amended by striking out the word fifty
An Act for the relief of the different counties of tbe Territory with relation
An Act to provide for paying salaries and expenses of the Board of Water
each offense and each such sale shall constitute a separate
An Act to validate the acts of the officers of the de facto municipality

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Common terms and phrases

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Page 173 - Every holder is deemed prima facie to be a holder in due course; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired the title as holder in due course.
Page 167 - In order, however, that any such instrument when completed may be enforced against any person who became a party thereto prior to its completion, it must be filled up strictly in accordance with the authority given and within a reasonable time.
Page 165 - 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 148 - ... when the question is one of a common or general interest, of many persons, or when the parties are numerous, and it is impracticable to bring them all before the 'court, one or more may sue or defend for the benefit of all.
Page 191 - reasonable time" or an "unreasonable time," regard is to be had to the nature of the instrument, the usage of trade or business (if any) with respect to such instruments, and the facts of the particular case.
Page 169 - When a signature is forged or made without the authority of the person whose signature it purports to be, it is wholly inoperative, and no right to retain the instrument, or to give a discharge therefor, or to enforce payment thereof against any party thereto, can be acquired through or under such signature, unless the party, against whom it is sought to enforce such right, is precluded from setting up the forgery or want of authority.
Page 190 - A check of itself does not operate as an assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check.
Page 181 - ... 2. By payment in due course by the party accommodated, where the instrument is made or accepted for accommodation ; 3. By the intentional cancellation thereof by the holder; 4. By any other act which will discharge a simple contract for the payment of money; 5. When the principal debtor becomes the holder of the instrument at or after maturity in his own right.
Page 187 - Delay in making presentment for payment is excused when the delay is caused by circumstances beyond the control of the holder, and not imputable to his default, misconduct or negligence. When the cause of delay ceases to operate, presentment must be made with reasonable diligence.
Page 186 - The protest must be annexed to the bill, or must contain a copy thereof, and must be under the hand and seal of the notary making it, and must specify — 1. The time and place of presentment ; 2. The fact that presentment was made and the manner thereof ; 3. The cause or reason for protesting the bill ; 4. The demand made and the answer given, if any, or the fact that the drawee or acceptor could not be found.

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