Blacks Law Dict. 1st ed

LLOYD'S

LOBBYING

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LLOYD'S. An association in the city of London, the members of which underwrite each other's policies. LLOYD'S BONDS. The name of a class of evidences of debt, used in England; being acknowledgments, by a borrowing company made under its seal, of a debt incurred and actually due by the company to a contractor or other person for work done, goods sup plied, or otherwise, as the case may be, with a covenant for payment of the principal and interest at a future time. Brown. LOADMANAGE. The pay to loadsmen; that is, persons who sail or row before ships, in barks or small vessels, with instruments for towing the ship and directing her course, in order that she may escape the dangers in her way. Poth. Des Avaries, no. 137. LOAN. A bailment without reward; consisting of the delivery of an article by the owner to another person, to be used by the latter gratuitously, and returned either in specie or in kind. A sum of money confided to another. A loan of money is a contract by which one delivers a sum of money to another, and the latter agrees to return at a future time a sum equivalent to that which he borrowed. Civil Code Cal. § 1912. LOAN CEBTIPICATES. Certificates issued by a clearing-house to the associated banks to the amount of seventy-five per cent. of the value of the collaterals deposited by the borrowing banks with the loan committee of the clearing-house. Anderson. LOAN FOB CONSUMPTION. The loan for consumption is an agreement by which one person delivers to another a cer tain quantity of things which are consumed by the use, under the obligation, by the bor rower, to return to him as much of the same kind and quality. Civil Code La. art. 2910. Loans are of two kinds,—for consumption or for use. A loan for consumption is where the article is not to be returned in specie, but in kind. This is a sale, and not a bailment. Code Ga. 1882, § 2125. LOAN FOB EXCHANGE. A loan for exchange is a contract by which one delivers personal property to another, and the latter agrees to return to the lender a similar thing at a future time, without reward for its use. Civil Code Cal. § 1902. LOAN FOB USE. The loan for use is an agreement by which a person delivers a

thing to another, to use it accoiding to its natural destination, or according to the agreement, under the obligation on the part of the borrower to return it after he shall have done usi ng it. Civil Code La. art. 2893. A loan for use is a contract by which one gives to another the temporary possession and use of personal property, and the latter agrees to return the same thing to him at a future time, without reward for its use. Civil Code Cal. § 1884. A loan for use is the gratuitous grant of an article to another for use, to be returned in specie, and may be either for a certain time or indefinitely, and at the will of the grantor. Code Ga. 1882, § 2126. Loan for use (called u commodatum n in the civil law) differs from a loan for consumption, (called u mutuum n in the civil law,) in this: that the commodatum must be specifically returned; the mutuum is to be returned in kind. In the case of a commodatum, the property in the thing remains in the lender; in a mutuum, the property passes to the borrower. Bouvier. LOAN, GBATUITOUS, (or COMMO DATE.) A class of bailment which is called "commodatum" in the Roman law, and is denominated by Sir William Jones a "loan for use," (pret a usage,) to distinguish it from "mutuum," a loan for consumption. It is the gratuitous lending of an article to the borrower for his own use. Wharton. LOAN SOCIETIES. In English law. A kind of club formed for the purpose of ad vancing money on loan to the industrial classes. LOBBYING. ••Lobbying" is defined to be any personal solicitation of a member of a legislative body during a session thereof, by private interview, or letter or message, or other means and appliances not ad dressed solely to the judgment, to favor or oppose, or to vote for or against, any bill, resolution, report, or claim pending, or to be introduced by either branch thereof, by any person who misrepresents the nature of his interest in the matter to such mem ber, or who is employed for a consideration by a person or corporation interested in the passage or defeat of such bill, resolution, re port, or claim, for the purpose of procuring the passage or defeat thereof. But this does not include such services as drafting peti tions, bills, or resolutions, attending to the taking of testimony, collecting facts, prepar ing arguments and memorials, and submit ting them orally or in writing to a committed or member of the legislature* and other serr

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