...fee, in case payment shall not be made at maturity. Section 4052, Rev. L. Section. 4055 provides that an instrument which contains an order or promise to...otherwise negotiable is not affected by a provision which, first, authorizes the sale of collateral securities in case the instrument be not paid at maturity;...

...Under the authorities, however. I do not think it does. Section 5 of the Act of 1901 provides that " the negotiable character of an instrument otherwise negotiable is not affected by a provision which * * (2} authorizes a confession of judgment if the instrument be not paid at maturity." In Milton National...

...application of any money, stocks, bonds, or other property to the payment of the note. Hence there was no order or promise to do any act In addition to the payment of money. Section 5 of the Negotiable Instrument Law provides plainly that, although an Instrument which contains...

...v. Wade, 191 App. Div. 870, 873, 182 NY Supp. 119. 121. It was payable to order. Nor did it contain an order or promise to do any act in addition to the payment of money. There are conditions in relation to the collateral, and that the collateral was to be subject to a...

...a contingency is not negotiable, and the happening of the event does not cure the defect. Sec. 12. An instrument which contains an order or promise to...to the payment of money is not negotiable. But the nego. tiable character of an instrument otherwise negotiable is not affected by a provision which:...

...instrument which contains an order afr^t^o- or Promise to do any act in addition to the payment tiabie. of money is not negotiable. But the negotiable character...otherwise negotiable is not affected by a provision which: May seii coiiat- 1. Authorizes the sale of collateral securities eral- in case the instrument be not...

...which contains an order Negotiable or promise to do any act in addition to the payment of in^mfoHnu not money is not negotiable. But the negotiable character...sale of collateral securities in case the instrument is not paid at maturity ; or 2. Authorizes a confession of judgment if the instrument is not paid at...

...An instrument which contains an order character of • A! J . • JJ •*: ^ iL , f instrument not or promise to do any act in addition to the payment of tafnCperdovbisioCnJ; money is not negotiable. But the negotiable character of an instrument otherwise...

...negotiable, and the happening of the event does not cure the defect. Sec. 5. When Negotiable and When Not. An instrument which contains an order or promise to...otherwise negotiable is not affected by a provision which: I. Authorizes the sale of collateral securities in case the instrument be not paid at maturity ; or...

...the event does not cure the defect. Sec. 24 (5). Additional Provisions not Affecting Negotiability. An instrument which contains an order or promise to...character of an instrument otherwise negotiable is not af fected by a provision which: 1. Authorizes the sale of collateral securities in case the instru...