24 T H E C U B A RE F IE W 



Chapter 5. — The Form of Execution 



Art. XVI. The contracts of agricultural financing, colonizing, and grinding of 

 cane may be executed in any of the following forms: 



(a) By contract before a notary public. 



(6) By document with intervention of a broker (commercial notary) only in 

 the contracts of agricultural financing. 



(c) By private document, the signatures to be authenticated before a notary 

 public (commercial notary), the latter in the contracts of agricultural financing. 



id) The said contracts are transferable by indorsement with the mere formality 

 of authenticating signatures. 



Notaries public or commercial notaries executing the said contracts or authenticating 

 the signatures thereon are obligated to give notice thereof to the office of the General 

 Director of Registers, as requested by the notarial legislation in force. 



Art. XVII. Notaries shall charge the following fees: 



In contracts of agricultural financing, when the financing loan does not exceed 

 1,000 pesos, for the original and one copy, $10; up to 10,000 pesos, $25; up to 50,000 

 pesos, $50; from 50,000 pesos up, $75. 



For the authentication of all the signatures in financing loans not exceeding 1,000 

 pesos, $5; in financing loans not exceeding 1,000 pesos, $7.50. In contracts of colonizing 

 and grinding of cane, they shall charge for the original and a copy 5 pesos for each 

 year of the duration of the contract. For further copies or transfers of the said contracts, 

 they shall charge 25 per cent, of the said dues. 



Art. XVIII. On copies of the documents executed before notary public or com- 

 mercial notary, as well as on the private documents, the parties shall affix the proper 

 seal of the National Stamp. 



Art. XIX. The notary or the registrar, as the case may be, who charges more 

 than the stated dues shall commit the crime of illegal exaction. 



Art. XX. Each contract of agricultural financing shall incur a tax of 20 centavos 

 for each 100 pesos, which shall be liquidated and paid at the proper administration 

 of revenues and taxes, and on the cancellations 10 centavos for each 100 pesos. The 

 contracts of colonizing and grinding of cane shall incur the tax of 1 peso for each year 

 of duration. 



Chapter 6. — Registration of the Contracts of Agricultural Fitiancing, Colonizing, and 



Grifiding of Cane. 



Art. XXI. Contracts of agricultural financing, colonizing, and grinding of cane 

 may be inscribed in the registers of ownership by applying to them the provisions of 

 the mortgage law and its regulations in so far as they have not been modified by the 

 present law. 



Art. XXII. The registers of ownership shall make, concerning the said contracts, 

 no other qualification than the following: 



In those of agricultural financing: 



(1) If the debtor is owner, usufructuary, possessor, or lessee of the estate or land 

 wherein the fruits encumbered have to be cultivated pursuant to the title which he may 

 present. 



(2) If the term of the encumbrance does not exceed the time of the temporary 

 enjoyment of the debtor of the estate or land in question. 



In those of colonizing: 



(1) If he who cedes the land, according to the title which he presents, is the owner, 

 possessor, usufructuary, or lessee. 



(2) If the term of the colonizing agreement does not exceed that of the temporary 

 enjoyment of the lands by the assignor. 



In those of grinding of cane: 



(1) If the person or entity dealt with bears the representation of the sugar mill. 



