the-ordinances-of-the-legislative-counci-1890v2 — Page 221

BILLS OF SALE . [ 12 OF 1886. ] $ 11



No. 12 OF 1886 .

An Ordinance to consolidate and amend the Law for
preventing Frands upon Creditors by Secret Bills of
Sale of Personal Chattels.

[7th May, 1886.]
* *
* * .


1. This ordinance may be cited for all purposes as The Bills Short title.
of Sale Ordinance, 1886 .
2. This ordinance shall commence and come into operation Commence
ment.
on a day to be named by the Governor, and shall apply to every (11& 12 V.
bill of sale executed after such commencement (whether the c. 31,s. 2
& 3. ]
same be absolute, or subject or not subject to any trust ), whereby
the holder or grantee has power, either with or without notice ,
and either immediately or at any future time, to seize or take
possession of any personal chattels within the Colony comprised
in or made subject to such bill of sale.
***



4. In this ordinance , the following words and expressions Interpreta
tion of terms.
shall bave the meanings in this section assigned to them respect . (11 & 42 v.
ively, unless there be something in the subject or context č. 31, s. 4.]
repugnant to such construction ;; that is to say :--
The expression Bill of Sale shall include bills of sale,
assignments, s
transfers, declaration of trust without
transfer, inventories of goods with receipt thereto
attached , or receipts for purchase moneys of goods,
and other assurances of personal chattels, and also
powers of attorney, authorities, or licences to take
possession of personal chattels as security for any debt,
and also any agreement, whether intended or not to
be followed by the execution of any other instrument,
by which a right in equity to any personal chattels,
or to any charge or security thereon, shall be conferred ,
but shall not include the following documents ; that
is to say , assignments for the benefit of the creditors
of the person making or giving the same, marriage
settlements, transfers or assignments of any ship or
vessel or any share thereof, transfers of goods in the
ordinary course of business of any trade or calling,
bills of sale of goods in foreign parts or at sea, bills of
lading, India warrants, warehousekeepers ' certificates,