River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1909-07-15

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be negotiable must conform to the following
requirements:
j. II must be in writing and signed by
the maker or drawer.
2. Must contain an unconditional prom
ise or order to pay sum certain in money.
g. Must be payable on demand or at a
fixed or determinable future time
4. Must be payable to order or to bearer.
D. Where the instrument Is addressed
to q drawee, he must be named or other
wise indicated therein with reasonable GER
tainty.
But no order drawn upon or accepted by
the treasurer of any county, town. city,
village, or school district, whether drawn by
any officer thereof or any other person. ana
no obligation nor instrument made by any
such corporation, or any officer thereof I'M
less expressly authorized by law TO be made
negotiable, shall be, or shall be deemed TO
be, negotiable according to the custom or
merchants. IN whatever form they may be
drawn or made.
railroad receipts upon the face of which the
words mot negotiable" shall not be plainly
written, printed. or stamped, shall be ne
Wisconsin statutes of 1873. and in sections
4194 and 4425 Of these statutes. as the
same have been construed by the supreme
court.
Section 4194. Bills of Iading,
or railroad receipts given for any goods,
wares, merchandise, lumber. timber, grain,
nonr, or other produce or COMMONLY storeo
whaPfnger vessel boat or railroad company
or other person. on the face of which shall
not be plainly written the words mot me-
gotiable' may be transferred by delivery
with or without endorsement thereof; and
any person to whom the same may be so
transferred shall be deemed and taken to
be the owner Of the goods, wares, and mer-
chandise therein speclhed so far as TO give
validity to any pledge, lien, or transfer
made or created By such person or persons );
but no such property shall be delivered ex-
cept on surrender and cancellation of said
original receipt or bill Of lading or the en-
dorsement of such delivery thereon in case
Section 4424. Any wharf1n-
ger master Of vessel or boat, or any
officer, agent, or clerk Of any railroad, ex-
Issue any receipt bill of lading, voucher, or
other document to any person purporting to
be the owner thereof, or as security for any
loan or indebtedness for any goods, wares,
merchandise, lumber, timber, grain, -four,
or other property, produce, or commodity,
unless at the time Of issuing the same such
or shipped according to the terms and
meaning Of such receipt. bill Of lading,
voucher, or other document so Issued, or
who shall sell or incumber. ship, transfer,
mediate control any such property so re-
ceived contrary to the terms and meaning
of such receipt, bill Of lading, voucher or
other document, without the consent of the
holder thereof, or who shall deliver any
such property or any part thereof except
to the person holding such receipt, bill Of
upon the surrender and cancellation there.
Of. or In case Of any partial delivery of
such property. upon the Endorsement there
on Of such partial delivery, unless required
by legal process or shall issue any second
or duplicate receipt or bill of lading, for
any such property. while any former re-
ceipt or bill of lading for any such prop
erty or any part thereof shall be outstand-
ing and uncancelied, without writing across
the face thereof the word duplicate" shall
be punished by Imprisonment in the state
fNpoo loss
than one year, or by Imprisonment in the
county jail not more than one year or by
ine not exceeding one thousand dollars.
lading, voucher. or other document as is
mentioned in the preceding, section shall
be transferable by delivery thereof without
to whom the same is so transferred shall
be deemed and taken to be the owner of
the property therein specified so far as to
give validity to any pledge. ien or transfer
made or created by such person unless such
receipt, bill Of lading,. voucher, or other
document shall have the words mot me-
gotiable' plainly written or stamped on the
face thereof
Section g. There are added to the stat
utes sixty-six new sections to read: Sec
tion 16S4m-1. Warehouse receipts may be
issued by any warehouseman.
Section 16e4m-2. 1. Warehouse re-
ceipts need not be in any particular form,
but every such receipt must embody within
"
~ The location Of the warehouse where
the goods are stored.
(2) The date of Issue of the receipt
(S) The consecutive number OF the re-
~ A statement whether the goods re-
ceived will be delivered to the bearer, to a.
specified person, or to specified person or
90 The rate. of storage charges
:. 90 A description Of the goods or Of
the packages containing them.
e-trp Erta .rRN
which may be made by his authorized
agent.
49, II the receipt is issued for goods of
which the warehouseman is owner, either
solely or jointly or in common with others,
the fact OF such ownership, and
I'D statement of the amount of ad-
vanees made and of liabilities incurred for
which the warehouseman claims a lien. II
the precise amount Of such advances made
or OF such liabilities Incurred Is, at the
time of the issue of the receipt, unknown
issues 1t. statement Of the fact that ad-
vances have been made or liabilities in
Cured and the purpose thereof Is sufficient.
2 A warehouseman shall be liable to any
person injured thereby, for all damage
caused by the omission from a negotiable
receipt of any Of the terms herein required.
- section l6s4m-3 Every warehouseman
ness of the warehouse Is transacted reg
lister in which shall be entered all the facts
with reference to each receipt issued, as re-
IL
warehouseman shall cease to be responsible
for the delivery of the property described
In the receipt, the fact and date of the
delivery Of the property and such other
facts as may terminate liability on such
receipt, shall be entered on such register In
connection with the original entry Of such
receipt. Such register shall be open to
the inspection of the owner or holder of
any such receipt, or of any per-
son who shall present the same at
the Office of the warehouseman. The ware
louseman shall be responsible to any person
relying on such entries in good faith for
any loss or damage which he may sustain
through any failure to make the entries
herein required. a .4.
Section 1oS4m-4. A warehouseman may
insert in receipt. issued by him, any other
terms and conditions. provided that such
terms and conditions shall not
CD Be contrary to the provisions of this
(2l In any wise impair his obligation to
exercise that degree of care in the safe
keeping of the goods entrusted to him
which reasonably careful man would ex-
ercise in regard to similar goods of his
own.
Section 16s4m--5. A. receipt in which
1t is stated that the goods received will be
delivered to the depositor, or to any other
specified person, Is a non-negotiable receipt
Section 16S4m-6. receipt In which
1t Is stated that the goods received will be
delivered TO the bearer. or to the order of
any person named In such receipt is a me-
gotiable receipt. No provision shall be In
serted in q negotiable receipt that it is nom
negotiable. Such provision, II inserted, shall
be void. 4 y
Section 16s4m--T When more than one
negotiable receipt Is issued for the same
goods the word, duplicate shall be plainly
placed upon the face of every such receipt,
man shall be liable for all damage caused
by his failure so to do to anv one who