Page:United States Statutes at Large Volume 30.djvu/832

794 FIFT Y-FIFTH CONGRESS. Sess. III. Ch. -17. 1899. ments payable on demand may, at the option of the holder, be presented for payment before twelve o’clock noon on Saturday when that entire day is not a holiday. _ Time; how com- Sec. 86. That where the instrument is payable ata fixed period after P“‘“‘i‘ _ date, after sight, or after the happening of a specified event, the time of payment is determined by excluding the day from which the time is to begin to run and by including the date of payment. _ _ where instrument Sec. 87. That where the instriunent is made payable at a bank it is i‘*""""" ‘" b““k‘ equivalent to an order to the bank to pay the same for the account of the principal debtor thereon. Payment in dim Sec. S8. That payment is made in due course when it is made at or §,‘j}§§"· "'b'" °°“““' after the maturity of the instrument to the holder thereof in good faith and without notice that his title is detective. Nance ofilishcnvr- ARTICLE VII. NOTICE OF DISHONOB. -a mmm. Sec. 89. That, cxceptas herein otherwise provided, when a negotiable instrument has been dishonored by nonacceptance or noupayment, notice of dishonor must be given to the drawer and to each indorser, and any drawer or indorser to whom such notice is not given is discharged. -1,,- whom. Sec. 90. That the notice may be given by or on behalf of the holder, or by or on behalf of any party to the instrument who might be compelled to pay it to the holder, and who, upon taking it up, would have a right to reimburwment from the party to whom the notice is given. Notice given by Sec. 91. That notice of dishonor may be given by an agent either in ‘g°“" ‘ his own name or in the name of any party entitled to give notice, whether that party be his principal or not. song given on be Sec. 92, That where notice is given by or on behalf of the holder, it mm °* Mm"' enures for the benefit of all subsequent holders and all prior parties who have a right of recourse against the party to whom it is given. Notice _ given by SEQ. 93. That where notice is given by or on behalf of a party entitled rmi “"‘““”" ""°‘ to give notice, it enures for the benefit of the holder and all parties subsequent to the party to whom notice is given. _Agent my give no- Sec. 94. That where the instrument has been dishonored in the hands “°°‘ of an agent, he may either himself give notice to the parties liable thereon, or he may give notice to his principal. If he give notice to his principal, he must do so within the same time as if he were the holder, and the principal, upon the receipt of such notice, has himself the same time for giving notice as if the agent had been an independent holder. _When notice sum- U5. That a written notice need not be signed,and an insufficient "‘*‘“‘· written notice may be supplemented and validated by verbal communication. A misdescription of the instrument does not vitiate the notice unless the party to whom the notice is given is in fact misled thereby. rum or ¤·~n¤·—. Sec. 90. That the notice may bein writing or merely oral, and may be given in any terms which sufficiently identify the instrument and indicate that it has been dishonored by nonacceptance or nonpayment. It unix in all cases be given by delivering it personally or through the mm s. —ir. Wim". given. Sec. 97. That notice of dishonor may be given either to the party himself or to his agent in that behalfl H§;gi{¤{-¤» w*·<·r· i·=¤¤r Sec. 9s. That when any party is dead, and his death is known to the ‘ ‘ party giving notice, the notice must be given to a personal representative, if there be one, and if, with reasonable diligence, he can be found. ff there be no personal representatives, notice may be ent to the last residence or last place of business of the deceased. niece to pimms. Sec. 99. That where the parties to be notified are partners, notice to any one partner is notice to the firm, even though there has been a dissolution. m5.,¤·,¤· jointly1in- suc, 100. That notice to joint parties who are not partners must be given to each of them, unless one of tnem has authority to receive such notice for the others. nmnmpis. Sec. 101. That where a party has been adjudged a bankrupt or an