the-ordinances-of-the-legislative-counci-1890v4 — Page 62

ORDINANCE No. 9 OF 1885 . 1879


Bills of Exchange.


place where it was protested for non-payment, the bill must be forwarded
not later than the day following its maturity for presentment to him.

(3. ) Delay in presentment or non - presentment is excused by any
circumstance which would excuse delay in presentment for payment or

non-presentment for payment.

(4. ) When a bill of exchange is dishonoured by the acceptor for
honour it must be protested for non-payment by him.


68. ( 1. ) Where a bill has been protested for non - payment, any Payment for
honour suprà
person may intervene and pay it suprà protest for the honour of any protest.

party liable thereon, or for the honour of the person for whose account
the bill is drawn.


(2. ) Where two or more persons offer to pay a bill for the honour
of different parties , the person whose payment will discharge most parties
to the bill shall have the preference.

( 3. ) Payment for honour suprà protest , in order to operate as such
and not as a mere voluntary payment , must be attested by a notarial act

of honour which may be appended to the protest or form an extension
of it.


(4. ) The notarial act of honour must be founded on a declaration
made by the payer for honour, or his agent in that behalf, declaring his
intention to pay the bill for honour, and for whose honour he pays .

(5. ) Where a bill has been paid for honour, all parties , subsequent
to the party for whose honour it is paid are discharged, but the payer for

honour is subrogated for, and succeeds to both the rights and duties of
the holder as regards the party for whose honour he pays, and all parties
liable to that party.


( 6. ) The payer for honour on paying to the holder the amount of
the bill and the notarial expenses incidental to its dishonour is entitled
to receive both the bill itself and the protest . If the holder do not on
demand deliver them up he shall be liable to the payer for honour in
damages .

( 7. ) Where the holder of a bill refuses to receive payment suprà
protest he shall lose his right of recourse against any party who would
have been discharged by such payment.