The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1908-08-21

place where such sale Is to be held. The
sale shall not be held less than fifteen
days from the time OF the first publica-
tion. IL there lis no newspaper published
I'm such place. the advertisement shall be
posted at least ten days before such sale
In not less than six conspicuous places
therein.
From the proceeds OF such sale the
warehouseman shall satisfy his lien, in
cluding the reasonable charges OF notice
advertisement, and sale. The balance, IL
any, OF such proceeds shall be held by the
warehouseman. and delivered on demand
90 the person to whom he would have been
bound TO deliver or justified In delivering
the goods.
At any time before the goods are so sold
any person claiming "A right OF property
or possession therein may pay the ware
houseman the amount necessary TO satisfy
his lien and To pay the reasonable ex-
penses and liabilities incurred I'm serving
notices and advertising and preparing for
the sale UP TO the time OF such payment
The warehouseman shall deliver the goods
To the person making such payment IL he
IL a person entitled. under the provisions
OF this act, TO the possession of the goods
on payment OF charges thereon Other
wise the warehouseman shall retain pos
session OF the goods according TO the
terms OF the original contract OF deposit
Sec, A-IPerishable and Hazardous
Goodsl IL goods are OF a perishable ma
ture, or by keeping will deteriorate great
~ I'm value, or 10y their odor, leakage, in
fiammabilty. or explosive nature will be
liable To injure other property. the ware
houseman may give such notice TO the
owner. or To the person I'm whose name
the goods are stored. as is reasonable and
possible under the circumstances, 10 sat-
isfy the lien upon such goods. and TO re-
move them from the warehouse, and In
the event OF the failure OF such person TO
satisfy the lien and 10 remove the goods
within the time specified. the ware
houscman may sell the goods AT public or
private sale without advertising. II the
warohouscman after n reasonable effort
II unable TO sell such goods. he may dis
pose OF them I'm any lawful manner, and
shall incur no liability by reason thereon.
The proceeds OF any sale made under
the terms OF this section shall be disposed
OF In the same way as the proceeds OF
sales made under the terms OF the pre-
Ceding section.
Sec. &.-tOthcr Methods OF Enforcing
Liens The remedy for enforcing lien
herein provided does not preclude any
other remedies allowed by law for the en-
forcement OF n lien against personal prop
erty nor bar the right TO recover so much
fAthe warchouseman's claim as shall not
, be paid by the proceeds OF the sale OF the
property.
Sec. S6-[Emect OF salel After goods
have been lawfully sold to satisfy "A ware
housoman's lien. or have been lawfully
sold or disposed OF because OF their per-
ishabc or hazardous nature the ware
houseman shall not thereafter be liable
for failure To deliver the goods to the de-
positor. or owner OF the goods, tn n
holder OF the receipt given for the goods
when they were deposited, even II such
receipt be negotiable
PART III.
NEGOTIATION AND TRANSFER OF
RECEIPTS.
Sec. T.-tNegotiation OF Negotiable Re-
a. .t..f hxfI lpli A slal ll. ts<e
may be negotiated by delivery
ta) Where, by the terms OF the receipt.
the warehouscman undertakes to deliver
tho goods to the bearer, or
(b) Where, by the terms OF the receipt
the warehouseman undertakes to deliver
the goods To the order OF "a specified per-
son. and such person or subsequent in
dorsee OF the receipt has indorsed II In
blank or to bearer.
Where. by the terms OF n negotiable re-
ccipt the goods are deliverable to bearer
or where "a negotiable receipt has been
indorsd I'm blank or to bearer, any holder
may indorse the same to himself or TO
| any other specified person. and In such
case the receipt shall thereafter be nego-
, tiated only by the Endorsement OF such
/ indorsee
Sec. @.-INegotiation OF Negotiable Re-
! ceipts by Indorsement.l A negotiable re-
ccipt may be negotiated by the indorse-
ment OF the person to whose order tho
goods are. by the terms OF the receipt.
deliverable. Such Endorsement may be In
blank, to bearer, or TO n specified person.
II indorsed to n specified person, II may
be again negotiated by the Endorsement
OF such person In blank. to bearer. or to
another specified person. Subsequent ne
COLLATION. may be made I'm like manner.
Sec. 3s.-ITransfer Of Receipts a re-
ceipt which IN not In such form that IL
can be negotiated by delivery may be
4 fTA nNf rod lU hn hnI Iu g..Ii In
a purchaser or donee.
A non-ncgotiablc receipt can not be ne
gotiated. and the Endorsement Of such n
receipt gives the transferes no additional
right.
Sec. W-twho May Negotiate Receipt
negotiable receipt may be negotiated
ta.) by the owner thereof, or
CO. BY any person TO whom the posses
sion or custody OF the receipt has been
entrusted by the owner. IL. by the terms
OF the receipt the warehouseman under
takes TO deliver the goods to the order
OF the person - whom the possession or
custody OF the receipt has been entrusted,
or II at the time OF such entrusting the
receipt is In such form that IL may be
negotiated by delivery.
Sec. H.-fRights OF Person 10 Whom n
Receipt has been Negotiated A person
10 whom "A negotiable receipt has been
duly negotiated acquires thereby
IA Such title to the goods az the per-
son negotiating the receipt to him had or
had ability To convey TO a purchaser In
good faith for value, and also such title
10 the goods as the depositor or person TO
whose order the goods were To be deliv-
cred by the terms OF the receipt had or
had ability 10 convey TO purchaser In
good faith for value, and
tb) The direct obligation OF the ware
houseman 10 hold possession OF the goods
for him according 10 the terms OF the re-
ceipt AN fully as IN the warehousemaD had
contracted directly with him.
Sec. R.-fRights OF Person 90 Whom n
Receipt has been Transferred.l A person
20 whom n receipt has been transferred
but not negotiated acquires thereby, as
against the transfaror, the~title TO the
goods. subject 20 the terms OF any agree
ment with the transferor.
III the receipt is non-negotiable such
person also acquires the right 10 notify
the warehoUseman Of the transfer 10 him
OF such receipt and thereby 10 acquir.
the direct obligation OF the warehouse
man 90 hold possession OF the goods for
A. If..sr 80 he. Tor nf