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(a) Every person or corporation owning or operating any cotton gin within this state shall make and keep in a well-bound book a record of all seed cotton purchased at or for the gin, which shall show the:
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(1) Name and address of the seller;
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(2) Amount of seed cotton purchased;
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(3) Date purchased; and
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(4) Purchase price.
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(b) The record shall be open at all times for inspection by any justice of the peace, constable, deputy constable, sheriff, deputy sheriff, prosecuting attorney, or deputy prosecuting attorney.