The state warehouse commissioner shall settle the terms upon which cotton may be stored in the local warehouses coming under this article and fix the rate of storage thereon in such manner that these warehouses shall pay expenses, it being the declared purpose of this article that the system shall be self-sustaining and without cost to the state.
(Ga. L. 1918, p. 246, § 9; Ga. L. 1920, p. 282, § 1; Code 1933, § 5-312.)