Ibis Is The Law
CHATTEL MORTGAGES
What is a chattel mortgage?
A chattel inortgage is the tvpe
of contract customarily used when
a person wants to borrow money
on the security of some item of
personal property which he owns
and wishes to keep in his posses
sion.
The chattel mortgage is also
t, -casionallv used as a security
device when a person buys per
sonal property on the installment
plan. In such instances, the buy
er has the possession and title to
the property, at least in theory,
lor some short period of time;
wNfcreupon he transfeis the title
to, or Mb on, the property by
way of security to the original
*ener. Usually, the mortgage is
executed immediately after the
sale as a part of the same trans
action. It is referred to as a "pur
chase-money mortgage." The |»ar
ties to the transaction are called
mortgagor (the huyeri and mort
gagee (the seller*. After the ori
ginal sale to the buyer, he be
comes the abaolute owner with
the legal title in him and it is he
who mortgages the property i<>
secure the put chase pr*cv to the
seller.
The rights and obligations ot
the parties to a chattel mortgage
are similar to those existing un
der a conditional sales contract.
Does a person lose possession
of mortgager property if he fails
to make Ids proinisi-d payments
on time?
Yes. The mortgagiv or lender
may take the property and sell it
for the purpose of getting funds
with which to satisfy the amount
of the loan, if the property does
not bring at a public sale the full
amount of the loan anti interest,
a judgment may be obtained a
gainst the mortgagor or bormwet
for the remainder.
May a hu-- and mortgage the
household and kitchen furniture
which he owns without ihe con
sent of his wife?
No. Such mortgages in North
Carolina are void unless the wif«
joins therein and hpr ackttow
lodgment is taken in the mannei
prescribed in conveyances of rea
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SUMMER
SUITS
“DACRON”* POLYESTER A COTTON
MANSTYLE LABEL IN EVERY COAT
FOUNDER'S DAYS SALE FEATUREI We've told hun
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worsted-textured featherply, traditional cut in
smooth poplin. Full range of this season's most
important colors, complete sites — but you must
get in early! With Summer just around the corner,
and the price this attractive, we expect a big turn
out! Regs., shorts, longs. •Dufs.il'i n| trademark
*>OOK YOUNG...
\jJK7 M YOUNG...SHOD BILK’S
ttuic. /in exception Is made in
j respect to “purchase money mort
*«<:«**"
I _
May a wi'e mortgage the
household and kitchen lui.ture
wh cn she owns without the con
sent of her husband?
Yes. A married woman may
mmliiaj’i- any of her personal pro
pv-rty, including her h<-usehold
and kit hen furniture, without the
joinder of her husband.
| _
May a pers »n mortgage pro|ier
ty that might be acqui-ed by him
in the future?
Yes. A clause in the mortgage
covering additions and after-ac
quired property operates to cre
ate a lien on the after-acquired
property in favor of tnc mortga
ge . \\ he nthe property re me* into
existence.
Die first ferris wheel, designen
* bv G. W. G. Ferris for the Chi
cago World's Fair in 1X93, hail a
9<Mihh-pound axle forged of extra
1 strong nickel ste«-l. Made from an
ingot weighing 111.000 pounds,
the axle was the largest steel for
I ;ing in existence at the time.
1 am in trouble. Every now and
'.hen, in a weak moment. I stick
my neck out and get it caught in
a tight noose. This time there art*
approximately 1.000 ladies tug
gmg at the rope (isn't one e
nough ?J.
They are members of 10 garden
clubs in Raleigh involved in a
project called ' HANDS" "Home
and Area idevelopment Sponsors,
anti they ha\e been working ieal
hard to win a portion of the Se
isin to be offered in eash prizes.
I have the evidence in 10 volumi
nous reports of accomplishment.
The other two judges, a city
planner and a lady high-up in
garden circles have more know
ledge of what this is all about
*han I do so they are depending
<n me to supply tire obectiveness
necessary to evaluate the scrap
books.
The judges are invited to at
tend an award* bac.ijuc: later inis
month. For myself, I think 1 will
find it convenient to be 11 «»ut
fishing »he headwaters of T<*e
Kiver or on a serluded heath at
the coast.
laying all jokes aside, this is
an absorbing and rich experience
t tia\e already sjiont eight unin
terrupted hours i except to refill
my pipei a-nd am not half done.
It is the best opportunity I have
ever had to study social ecology.
In the first place I should lik*
to he highly complimentary of
this HANDS program sponsored
by the Raleigh Council of Garden
Clubs. It is ama/ing to me what
has and is being accomplished
and the spirit of unselfishness
and cooperation that is evident in
all reports.
I feel rather positive that this
program is doing more to make
Raleigh a beautiful eity than arty
othtT sponsored program. \\ non
over 1.00IJ citi/en* present a
united front the city fathers lis
ten. The ma::n< .in uh .-h th*’
municipal government has ri*
spondod. and assisted, .n improv
ing problem an as is most grati
fy, ng.
Many «>l tin* seraph.* >k covers
are handmade works of art Oth
er* were purchased Hot the judg
es an- primarily rumert iii with
what is . etween tne .overs, in
my own ease. I have piu.ed major
emphasis on: individual riome
site imptove.nei.t; ..immunity im
pmvemcnts; and part, .pation in
civic affairs and programs.
Some of the accomplishments
are: development of parks; area
zoning; installing euros and pav
ing streets; cleaning up vacant
lots: beautifying area entrances;
landscaping s.-h k»I grounds; in
stallation of public utilities in re
eently annexed area;; flowers
for hospitals and county homes;
and above all. improvement of
the individual home environment
Every city, urban and rural
community in North Carolina
should have a program of this
nature.
Thu Certificate Entitle', You To
50 fra: green stamps
With Thu Coupon * Purchase of
i c»u tour ctRotce IRRn
■RUR««IC> »TIW. CHILI * /MAM* O*
WITHOUT ILANR OO CHIC«W HA»M
OooO At Your Local Winn-Dixie
Void After April 25. 1964
Thu Certificate Entitle You To
50 ij'H: GREEN STAMPS
With This Coupon & Purchase of
One Ouart Aero
SELF POLISHING WAX
Good At Your Local Winn-Dixie
Void After April 25, 1964
This Certificate Entitles You To
50 a-K GREEN STAMPS
With This Coupon t Purchase of
Two 12-oz. PKgi
W-D SLICED CHEESE
Good At Your Local Winn-Dixie
Void After April 25. 1964
This Ccrtificotc Entitles You To
so green stamps
With This Coupon ft Purchose of
One 1' J -Lb. PLg
THICK SLICED BACON
Good At Your Local Winn Dixie
Void After April 25, 1964
This Certificate Entitles You To
50 &K GREEN STAMPS
With This Coupon ft Pure ho so of
TWO f OX PROS
H VCR ADC BOILED HAM
Good At Your Local Winn-Dixie
Void After April 25. 1964
\M
1*
This Certificate Entitles You To
50 GREEN STAMPS
With This Coupon ft Putchnoo of
One 2-Lb PLg. Trade Winds
FANTAIL SHRIMP
Good At Your Locol Winn-Dixie
Void After April 25. 1964
This Cenificotc Entitle. You To
50 «r>/: GREEN STAMPS
With This Coupon ft Purchase •»
Two 24-0z. Pkgs McKenne
BABY LIMA BEANS
(x.JAl Your Locol Winn Di*ie
Void After April 25, 1964
This Certificate Entitles You To
50 &JC green stamps
With This Coupon ft Purchase ••
Two I-Lb Pkgs Tostc O' Sco
FLOUNDER FILLETS
c-jud At Your Local W.nrvDi*i«
Void After April 25. 1964
This Certificate Entitles You To
25 4-h: green stamps
With This Coupon ft Purchase e#
One Pkg. OOO Count)
WHITE ENVELOPES
Good At Your Local Winn-Dixie
Void After April 25. 1964
TT
BMr.
LEAH. SMALL, AND TENDER (4-6 LB. AVERAGE)
SMOKED PICNIC HAM
Whole
Jj
LB.
.MALL, LEAH, SMOKED (4-6 LB. AVERAGE)
Sliced Picnics i* 33*
W-D FAMOUS
Ground Beef
3-Lb. 5-Lb. *1 47
Pkg. Pkg. |«W#
Dixie Darling
Hamburger or
Weiner Buns
29/
12-Roll
Pka.
VIRGINIA SLICED
Bacon - 39
PINKY PIG
Franks 39
Select Skinless, Devcined, Sliced BEEF
Liver ■ 39'
GOV'T INSPECTED
FRYER PARTS
LEGS .. - 39.
THIGHS - 39.
WINGS. -19.
MAYONNAISE- 39
t
ASTON . . Limit 1 with other purchases _ ^ ^
SHORTENING 49
BLUE OR WHITE ARROW . ■ Limit one with other purchases
DETERGENT
Giant
Pkg.
BLUE BAY PINK
SALMON
29'
WHITE ARROW
BLEACH
Limit 2 With Other purdhose^
39'
Gallon
Jug
Limit I Ol \ ur choice
With o $5 00 order.
COFFEE
Unit Home aSTO*
bag 49^ 59*
THRIFTY MAID CHOCOLATE. VANILLA, FUDGE RIPPLE
ICE MILK 39
MORTON'S FROZEN CREAM
PIES.. 3-89
Fancy, Ttn<Ur ,OLS
BEANSi25
*
t raitMM ot
One Jot N<?«:cino
COLO CRIAM
joed At Yeur Lccol Winn D'*ie
Void Alter April 25. 1964
Vtt^
Pint Fresh ®
STRAWBERRIES j
Pint Red Ripe Cherry *
TOMATOES
Doz. Juicy Sunkist *
LEMONS
of your
Choice
Large, Firm, Head
LETTUCE
2-t 29*