without indorsement. A note transferable by indorsement. Which is safer to carry in the pocket? Why? Which imposes the less responsibility if transferred? If you were taking a note payable to bearer, would you require the person from whom you were getting it to indorse it? A man has some nonnegotiable notes; if he dies can his heir collect them? A note payable “to order” is indorsed in blank; to whom is it payable? May a note payable "to bearer" be made payable only "to order?" When does a note cease to be negotiable? Under what circumstances may a person have to pay a note which he has already paid? What is a "greenback?”

How many persons, at least, must there be to an accepted draft? When does the responsibility of the drawer begin? That of the person drawn upon? How does the acceptance of a draft affect the responsibility of the drawer? If the draft is not accepted, to whom shall the holder look for pay? Are drafts negotiable before acceptance?

Compare and contrast a note and a draft. A draft and a check. Is the bank under any obligation to the holder of an uncertified check? Does certifying a check release the drawer of it? Are checks negotiable?

What responsibility does an indorser assume in case of a note? Of an unaccepted draft? Of an accepted draft? Of a check? What does "without recourse" mean? To how many persons is the maker of a note responsible? The first indorser? The second? How can the first indorser be distinguished from the second? To whom is the second indorser not responsible? Who are not responsible to the holder of a negotiable paper unless notified? Who are responsible without notice? What principle do you discover? When is a demand note due? A check? A time note? A sight draft? A time draft?

What should you do, and why, in the following cases:

1. When you pay a note? 2. When you make a partial payment on a note? 3. If you should lose a note? 4. If you have a note without indorsers, to render the maker responsible? 5. If you hold a note having indorsers, to render the indorsers responsible? 6. If you hold an unaccepted draft? 7. In case acceptance is refused? 8. If you hold an accepted draft? 9. If the acceptor fails to pay when the paper becomes due? 10. If you hold an uncertified check, in order to render the drawer responsible? 11. If it is indorsed, to make the indorsers responsible? 12. If you have a certified check, to make the bank responsible? 13. If you are a third indorser of a note, whom can you hold responsible in case the paper is dishonored, and how? 14. If you have a bearer note and you wish to transfer it without assuming responsibility? 15. How if it is an order note?

APPENDIX.

A. FORMS.

TOWN BUSINESS.

I. Organization of a Town.

PETITION.

To the board of county commissioners of the county of

north, of range number

:

The undersigned, a majority of the legal voters of congressional township number west, in said county, containing not less than twenty-five legal voters, hereby petition your honorable board to be organized as a new town under the township organization law, and respectfully ask that you forthwith proceed to fix and determine the boundaries of such new town and to name the same (giving the proposed name.)

(Dated, and signed by a majority of all the legal voters in the town.)

State of

COMMISSIONERS' REPORT.

county of

SS.

Upon receiving a petition of a majority of all the legal voters of congresional township number

north, of range number

west. in said county, asking that the same be organized as a new town under the township organization law, to be named commissioners of said county did, on the proceed to fix the boundaries of such new town and name the same in accordance with the said petition, and designated

day of

we, the county A. D. 18

as

the place for holding the first town meeting in such town, to be held on 18 The boundaries of said town of as fixed and established by us, are as follows: (Beginning at the southeast corner of section town north, of range west, thence west on the to the southwest corner of section town and

township line range as aforesaid, thence north, &c., giving the boundary lines com18

plete.) Given under our hands this

[Auditor's official seal.]

Attest: O. J., County Auditor.

day of

(Signed by the Commissioners.)

(269)

II. Elections.

NOTICE OF ANNUAL ELECTION.

Notice is hereby given, that on Tuesday, the

day of November,

18 at in the election district composed of the in the county of and state of , an election will be held for (here name the state, judicial, congressional, legislative and county officers to be elected); (if constitutional amendments are to be submitted, add:) also the following amendments to the constitution of the state will be submitted to the people for their approval or rejection, viz.: amendment to section article of the constitution (naming each one proposed); (and if any special matters, such as removal of county seat, &c., are to be voted on, then specifically state them); which election will be opened at nine o'clock in the morning, and will continue open until five o'clock in the afternoon of the same day, at which time the polls will be closed. Dated at

this

day of October, 18 C. O. S., Town Clerk (or City or Village Recorder.)

of

REGISTER POLL LIST.

List of qualified electors in the election district composed of the

to be held in the said election district, on Tuesday, the

November, 18 :

Adams, James

Babcock, George

Little, Joseph
Mann, Oscar.

day of

(Write the surnames in alphabetical order, and leave sufficient space between the alphabetical letters to insert all additional names.)

in said

Notice is hereby given that the undersigned judges of election of said election district, will be present at the at the times named below, for the purpose of making corrections in the foregoing list, viz.: On Wednesday, October and (here insert the days and times of

the day they are to meet), from 9 o'clock A. M. till 4 o'clock P. M. of each day, and also on the morning of election day, from 7 o'clock A. M. to 9 o'clock A. M.

of

Given under our hands this

day of October, 18

(Signed by all the judges of election.)

MINUTES OF TOWN MEETING.

At the annual (special) town meeting held in the town of

day of , on the the meeting was called to order by R. G., town clerk. M. J. H. was then chosen to preside as moderator of the meeting.

The moderator, at the opening of the meeting, stated the business to be transacted and the order of the same as follows: That the business to be transacted would be to elect three supervisors, &c., (stating the officers to be elected,) and to do any other business proper to be done at said meeting.

That said business would be entertained in the following order: 1stThe election by ballot of town officers, the polls to be kept open throughout the day. 2d-At one o'clock P. M., election of overseers of highways for each road district in the town. 3d-That immediately following the election of overseers of highways the general business of the town would be taken up and proceeded with until disposed of.

Proclamation of opening the polls was then made by the moderator and the polls opened and the election of town officers proceeded.

The hour of one o'clock P. M. having arrived and the general business of the town being now in order, the following named persons were elected, by ayes and noes, overseers of highways for the ensuing year in the following road districts, viz.: (here give the numbers of the road districts and the names of the persons elected overseers thereof.)

A. B. was elected poundmaster of said town. On motion, ordered that a pound, &c., (give the location, cost, &c., of pound, if ordered.)

The following three places were determined and designated by the voters present as the most public places in said town for the posting up of legal notices, and suitable posts for such purpose were ordered to be erected or maintained by the supervisors at each of such places, viz.: (describe the places.)

The supervisors submitted to the electors a report of all the places at which guide posts are erected and maintained within the town, and of all places at which, in their opinion, they ought to be erected and maintained. Thereupon, it was ordered that guide posts be erected and maintained at the following places, viz.: (describe the places.)

The town clerk read publicly the report of the board of auditors, including a statement of the fiscal concerns of the town and an estimate of the sum necessary for the current and incidental expenses of the town for the ensuing year.

The supervisors rendered an account in writing, stating the labor assessed and performed in the town, the sums received by them for fines and commutation, &c.; a statement of the improvements necessary to be made on the roads and bridges, and an estimate of the probable expense of making such improvements beyond that of the labor to be assessed for this year, that the road tax will accomplish; also a statement in writing of all expenses and damages in consequence of laying out, altering or discontinuing roads.

On motion, it was ordered that the following sums of money be raised by tax upon the taxable property in said town for the following purposes for the current year: (enter the specific amounts carefully.)

On motion of H. S. H. H., the following by-law was adopted, ayes

noes

: "It is hereby ordered and determined that it shall be lawful for horses, mules and asses to run at large in the town of in the day time, from the first day of April to the 15th day of October, in each year, until further ordered."

On motion, it was resolved, &c., (set forth in order each resolution or order as it transpires.)

The next annual town meeting was ordered to be held at (naming the place.)

At five o'clock the polls were closed, proclamation thereof being made by the moderator. The judges then proceeded to publicly canvass the

votes, and the persons having the greatest number of votes for the respective offices voted for were declared elected.

STATEMENT OF RESULT OF CANVASS. (To be read publicly.)

The following is a statement of the result of the canvass of votes by ballot for the election of officers at the annual town meeting in the town of county of , and state of

as publicly canvassed by the judges at said meeting:

H. B. had

J. L. had

votes for chairman of supervisors.

votes for chairman of supervisors.

March

18

H. B. was declared elected chairman of supervisors.

(In this way give a statement of the votes cast for each officer.) On motion the meeting adjourned without day.

C.; Judges.

J. H. T.
O.

I, J. A., do solemnly swear (or affirm) that I will support the constitutior. of the United States and of the state of

the duties of the office of

and faithfully discharge

OFFICIAL BOND.

Know all men by these presents, that we, R. S., as principal, and B. B. S. and J. E. as sureties, all of the county of and state of

, are

held and firmly bound unto J. D. E., E. C., and E. E., as supervisors of the town of in said county, and their successors in office, in the sum of (five hundred) dollars, lawful money of the United States of America, to be paid to them as such supervisors, their successors or assigns; for which payment well and truly to be made, we bind ourselves, our heirs, executors and administrators, jointly and severally, firmly by these presents. Sealed with our seals dated the 18 "

day of

The condition of the above obligation is such, that whereas, the above bounden R. S. was, on the A. D. 18 duly elected (or ap

pointed) of

in and for the town of in said county, for the term and is about to enter upon the duties of said office; now, therefore, if the said R. S. shall, will and does faithfully discharge all his duties as such in and for said town, then the above obligation to be void, otherwise to remain in full force and virtue.

A. D. 18 before me, the subscriber, a and for said county, personally appeared to me known to be

in