§ 7% euros ss.-zzvr mo¢@ m Internal Reveoee. may who mqurq oplom suitable for smoking porpm from gum or my meparntloh thereod, or from. the rmdwe ol smoked or partially mocked opium, ··o .o • ly kuowir as yo: eaee, or {rom iiiiitdre ot the above, or any of them, be regarded a o maootncturer oi omowog opium within the o w of sections 7% to 7% of this title. {Jul. 17, 1914 c. 10, 5 1, 38 Stat. 277.) . _ “J 722. Meonfactorer to Elo mticeo; book: and retumoi signal wrvéllonce od o&un; bond. —- umootectorer 01 opiooa editable for smoking shall die with the collector of in boreal revenue of the district ln which his mwufactory is lo cated stitch » notices, inventories, had bonds, shall keep uml books and render ouch returns of Qaterlel and producto, ehal put up such signs and etllx such number to his factory, am
conduct hio buoioese under such surveillance of 0mé€1‘S em
ngehm no the Commiosionu of Internal Revenue, with the approval of thefsebremry o!_ the Treasury, may by regulation reqolre. Bot the hood reqoired of Such manufacturer elxal be with suretiw @tlafactory _ to the collector of internal reve oue, and in s penal sum of uotalex tlioum$100,000; and tha sum of said hood may be increased from time to time and nd dltlooal soretiu reqelred, et the discretion ot the collector o1 mider instructions of the Commissioner ot Internal Revenue (Jen. 17, 1914, e. 10, l 2, 38 Stat. 277.) _ _ 7 23. Stamps.-·—7·All opium proposed for smoking mormfec tured la the U¤lted”States shall be duly stamped ln such 1 @aoe¤t manner as to Wdeoote the payment of the internal
tax thereon. (Jam. 17, 1814, c. 10, S 3, 38 Stat. 278.}
724. Same; laws relating to tahmoo ma! ppphcsble.-e
cot lows} covering the engraving, issue, sale
oceoontnblllty, edacemeht, cancellation, and the destruction oa stamps relating to tobicoo nod mod', pm for as epplicable, ehal apply to stamps provided for by wctioa 723 of this title. _( Jan 17, 1914, c.’10,-§ 4, 88 Stat. 278.-) · ‘ · · . 7%. Penalty for vi•lotiom of lay; forfeiture.-—·A pe1:1a.l,t1 of than $10,000 or imprlmment for not less thm me years, or both, in the dimretion ot the court, shell be lmpoow for ucla em' every cvlolatiw of sections 721 to 722 or thm title by any persoo 0Y7]1¢!'80B8-; and all opium pre pared for smoking wherever found within. the United State: without the stemps, requlred by section 723 shall be ·fortelte< sod destroyed. (Jan. 17, 1914, c. 10, S 5, 38 Stat, 278.) Chapter 18.-eO0’1"1‘0N FUTURES. o See. ·. — » , i llll 731. Short title ot chapter. · _· '· _ 732. Demtloos; " contract of sale"; *‘ person ”: liability ot prmclps; torectotagcat. U .__‘ ‘ M 733. Tax imposed on contracts otule for iiuturo delivery. 734. _Coorrnct to be lowritlog; weight of “ bnle." · _ 7%. Exmotioe {rom tu, on compliance with oengltloes 738. Determination ot allowances on deliveries differing from basl: 737. Exemption of "sect1o¤-¢ 4 c¤¤trnct•" Q!. 738. Boo; tide mot markets doilned. _ · 739. Method of detcrroloinfboon ode spot markets: penalty for Isles testimony; •¤d»•o forth. · 74:0. Cotton standards dxed by Secretary: , moneys collected for fur ololnlog forms of standards to be covered ioto,Treosury.¤ . 741. Exemption from tu ot " section 10 contracts ” and spot cotton ales. - _ 7 _ 742. Payment oi tax ;' a¤xlog nemo: ta coo@!l.¢t or memoranda.; can ~ c¤l3i¤s’.st¤¤¤o¤. o 743. Coatrscts not eeotormlog to requlroomots uoentormblo. 744. Begolatloeo for collectioocot tix; recorda ood return ot ales
remeoo use applicable. — ‘ _
14§.·‘0 : wulnhseot. · _ 746. Adolmoal pmelty reooverebla by action: lotormen: prosecutions
- by United Atioroeyl. Y A ‘ ·
747. Immunity of 74$.· State lun and tendon uoaicctotl.
BRNAL REVENUE X 733 '-?4°§‘m.· . _ cation of resmts nf invmtigntiom. ’ .*250. Contracts mhde ppicr em Septémber 1, 1918, umnmm. I *2*51. Expenses of Gcvernmwt gttormys; pir qkem smawance. x *152. mm at p¤m•1 xnnmm. ~
- Secticn·731.i$[Sé¢tim 1.] $611 mic at chspte1·.~—-¤·'I'h1x chap-
- ter sgml bc known by the short dike of the “United States Cor,.
- ton Futures Act? (Aug. 11, 1916, c. 313, 39 Stat. 476.)
_ 732. [Sectimx 2.] "mtr•ct M ¤le”; Flper. E son ”; liébility of prindpd fw: act of ¤mt,·—·F¤r the puru · -;¤>se·s~ of this changer, the tum ‘f? crmtmct Hf 3% - ” ishallfbw hem ` to include sales, agreements of mic, md ngr®ents to Sell. The ` word " pers<m," wherever in this chapter, shall be comm 2 strued to import the- piursl or mxgulsr, as the ‘mse demands, 1 and shall include individmls, associations, p¤rmembip§§ am} 1 corpqmtions. When .c0nstruiug and entcrcing the provision; B of this chapmr, the act, omismon, 91- fsilwe of my cmeiak i agent, or other persm; acting mi- or employed by any gssucm. I (ion, partnership, or corporation withiii" the scwé of his cm· __ ployment or omce, shall, in every CIS¢, also be dwmed the sez, 5 gmission, or tdilure of such idtio¤, partnership, or cor- _ poratioxx as well as that of the person. (Aug. 11, 1918, c. 31;;, [_ 39 Stat. 476.) » “Q é F 733. [Section 3.] Tax impacd as egmtnetn af sale far f¤~ T ture delivcg·y.·——Upo¤ each contract of anla of any cétmn {mi _ future delivery made at; ori, dr in my. exchaga, wud bt trade, I or similar institution orblage afbusiugm mergls haeby levied _ a tax inythe nature of an excim of 2`ccnts fcnzeach pound H! i the cotton involved in any such contraet. `(Aug. 11,- 1916,.c. 313, _ 39 Stat. 476.) “ _ _ , A " ? 734. [Section` 4.] Contract to he ini writing; wdght at E “Bale.”--—Eqch‘ contract oi sglé of- fer future éefivery I mentioned in section 733 di this` Hilo bg i¤_ writiw
. p13in1y stating, or evidenced by writ§z¤ mmraséum mwfmr
it wa tgrms qt snchgpntgact, mcluding the qqamtit; ci thd cattvn V invqlyed and the haha sndaddrmcb M the md NR! ' 1 in such contract, and shall be aimed by the pgzfty to M B jorby his agent in hisbchdlt. .It epa cmtractiér m@0rn&um 5 Qpecity in bales the quantity of the gotten involved, vqimmnt P giving the weight, eacjh bale shall, tu: th; gm ·· =» · ~ of this é chgpter, be aimed to weigh Hm hundred pounds; (Aug. 11, 1 1, 1§>16, c. 313, 39 Stat. 476.) ¤ _ 735. [Section 5.] Exenptim {nn tax on ¤¤s•p§anc• with . qmdithu prescribed}-·—N0 tax shall `bc lasted unda this ` ter cg any contract ot nie in 733 `it the contract comply with e•&. at the fcilewim conditions :. ~ ·· I•‘11i§L Gonform to the requimmants at 734 of this 2 title, and the riiles-and mul¤§0¤s ma,®_ wsuant to this » chapter. _ g__; 3 _ ·~ ‘ . Sec0nd.`8pcdty th¢bR8i8§fI€9!¤~!th£C0¢@i¤¥t¤»¥Qd in the contract, which shall be cm cd the grnidg which r are wtablimed by the Secretary af Agkwmx except prohibited from béiniwttvsm m a mule naar this section by tha Rith mbévisim at tm price vu _, pound at www thé @t0¤.» ak! such bam grade ig gmtraaed to be bought or sold, the data when uz .p¤1·&ms• or mk · made, am thomanth cr mmths in the cémnct k te be I fu1&11ed cmséttiedz P!*&17l7d#,·%§C%.I}3i dill M deemed the bam such imvrpcntad into the contractif no ether mm · grade be @3ed eithas in the contract or in the memrsndum evidencing ° _ , Third: Prbvida that the cotton emit withithezein og- delivered ` ° ihaennda shall be at er within the grndastor 1Mch nindixda · ` are established by the atm-; at Apiculture uepept gada ‘ tram being mivered oh a contract made awerwis E sqdmn by the hfth at this sac tio;x and np cth&t_ nude or srahs. ‘ '
