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3542

FEDERAL REGISTER, Wednesday, August 9, 1939

in the warehouse issuing said receipt and, tity and quality described in the chattel except as stated above, the inspection mortgage; Provided further, If delivered certificate must be issued by an inspector prior to April 30, 1940, one-half cent per licensed under the United States Grain bushel per month storage will be allowed Standards Act. In the case of warehouse for time stored.
208.12 Chattel mortgages. All doc receipts issued by any terminal or sub uments must be carefully examined as to terminal warehouse, each warehouse re with the following require ceipt except those covering wheat of the compliance ments:
subclasses soft white, western white, California. The mortgage must be ex white club, red winter, western red, and red durum in any State and hard winter ecuted and acknowledged by the mort or yellow hard winter produced in the gagor and spouse. Mortgagors affi States east of the Mississippi River must davit of good faith and receipt must be either show the protein content, as deter ompleted by the mortgagor and spouse, mined by a recognized protein-testing and the mortgagees affidavit of good laboratory approved by the terminal or faith must be completed by a member subterminal market, or be accompanied of the county committee as agent for by an original or duplicate certificate is Commodity Credit Corporation. The sued by such laboratory showing the pro mortgage must be recorded in the office tein content and properly identified as of the recorder of the county in which to the wheat covered thereby either by the wheat is stored, and if the mort the respective warehouse receipt number, gagor is a resident of another county in or the bin number and warehouse de the State, a duplicate executed copy of the mortgage must be recorded in the scription, or by car number.
208.11 Farm storage. Wheat stored office of the recorder of the county in on the farm must have been stored in the which such mortgagor resides.
Colorado. The mortgage must be exe granary at least 30 days prior to its in spection for measurement, sampling, and cuted and acknowledged by the mort sealing. In accordance with regulations gagor, The original or a duplicate copy issued by the Secretary of Agriculture, thereof must be filed for record in the the State and county agricultural con office of the clerk and recorder of the servation committees will inspect and ap county in which the wheat is stored.
Idaho. The mortgage must be exe prove storage facilities and will arrange for measuring, sampling, grading, and cuted apd acknowledged by the mort sealing the wheat collateral in approved gagor and spouse. The original or a structures. Chattel mortgages covering duplicate copy must have typed or farm-stored wheat must be executed and stamped thereon the following affidavit filed in accordance with the applicable signed and acknowledged by a member State law. Producers may obtain infor of the county committee as agent of mation and assistance from the county Commodity Credit Corporation:
agricultural conservation committees in The undersigned, being duly sworn, de regard to the execution and filing of poses and states that he is the agent of Credit Corporation and that the such chattel mortgages. Where the bor Commodity foregoing mortgage is a true and correct rower is a tenant farmer, and the wheat copy of the original mortgage executed by collateral is stored on the farm, the ex the mortgagor.
piration date of the lease shall be given Agent of Commodity Credit Corporation in section 2 c of the chattel mortgage Subscribed and sworn to before me this _______ day o f __ ______ _ 193
I hereby certify that a representative sam 1939 C.C.C. Wheat Form AA. If the ple was drawn by me from the wheat stored expiration date of the lease is prior to Notary Public under warehouse receipt No. - , that said July 1, 1940, the landlord shall execute sample was submitted to an inspector li the Consent for Storage, section 13 of The original or a duplicate copy with censed under the U. S. Grain Standards Act and that this is the grade certificate that 1939 C.C.C. Wheat Form AA. The con the foregoing affidavit must be filed for was issued thereon, and I agree further, on sent agreement shall also be signed by record in the office of the county re presentation of such warehouse receipt, to any other party or parties entitled to corder of the county in which the wheat deliver to the holder thereof the identical stored.
grain represented thereby, or wheat of equal possession. Each producer must desig is Illinois.
The mortgage must be exe country-run quality of the same class and nate in section 4 of the Mortgage 1939
grade and protein, said protein to be de C.C.C. Wheat Form AA a shipping cuted and acknowledged by the mort livered within, tolerance of one-half of 1 per point reasonably convenient for the de gagor. The original mortgage must be cent if original wheat was analyzed for pro livery of the wheat as determined by the endorsed by the mortgagee or his agent tein:
county committee. Notes and mortgages as follows: This mortgage to be filed Warehouseman will not be acceptable which provide a but not recorded, and filed for record Each terminal or subterminal warehouse shipping point other than the normal within 10 days from the date of execu receipt must also be accompanied by the shipping point customarily used by the tion in the office of the recorder of deeds original or duplicate original, official in producers in the locality in which the of the county in which the mortgagor bound, weight and inspection certificates wheat was producer. A separate note and resides, or, if a nonresident of the State, and protein certificate properly identi chattel mortgage must be submitted for in the office of the recorder of deeds of fied to the wheat covered thereby, Pro wheat stored on each quarter section of the county in which the wheat is stored.
vided, That in the foregoing States and land. Commodity Credit Corporation will Commodity Credit Corporation will not at terminal and subterminal warehouses pay 7 cents per bushel for storing the accept any note secured by mortgage in other areas Where licensed inspectors wheat for the period ending April 30, filed for record later than 10 days after are not available, certificates of the ware 1940, or the date of the delivery of such the date of the note and mortgage.
Indiana. The mortgage must be exe houseman and licensed grain inspector wheat to Commodity Credit Corporation, as to grade may be accepted. Such offi whichever is later; provided, Such pay cuted and acknowledged by the mor
cial inbound weight and inspection cer ment will be conditioned upon the deliv gagor. The original mortgage must be tificates must represent wheat unloaded ery of the mortgaged wheat of the quanfiled for record within 10 days from the
the wheat Is insured for not less than market value against the hazards of fire, lightning, inherent explosion, and wind storm, cyclone, and tornado. Commod ity Credit Corporation will not accept warehouse receipts indicating any lien for charges prior to unloading in or de livery to the warehouse issuing such re ceipts. Lien for storage charges will be recognized by Commodity Credit Corpo ration only from May 15, 1939, or the dates of the warehouse receipts, which ever is later. Such receipts must set out in their written or printed terms the gross weight or bushels, the class and grade, degree or percentage of smut or garlic and dockage of the wheat repre sented thereby, and all other facts and statements required to be stated in the written or printed terms of a negotiable warehouse receipt under the provisions of section 2 of the Uniform Warehouse Re ceipts Act; such weight, grade, and pro tein determination if any shall be on basis of the inbound movement or de livery of grain to any approved ware house; Provided, Warehouse receipts in statutory form must be accompanied by a certificate of the warehouseman iden tified to the warehouse receipt, setting forth the information required above which may not be included in such statu tory receipts. The moisture content of the wheat also must be shown except for wheat stored in following States: Cali fornia, Idaho, Montana, Nevada, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming. In the States of California, Idaho, Nevada, Ore gon, Utah, and Washington where it is not the practice of warehousemen to show grade of wheat on the warehouse receipt, such receipt may be accompanied by a certificate of the warehouseman identifying the inspection certificate and protein content to said warehouse receipt in the following form :