The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1909-07-15

l. IL must be in writing and signed by
the maker or drawer.
2. Must contain an unconditional nrom-
Use or order to pay sum certain in money.
D. Must be payable on demand or at
nxed or determinable future time
T. Must be payable to order or to bearer.
D. Where the instrument is addressed
TO 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 ofilcer. thereof or any other person. and
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 of
merchants. in whatever form thew NAV be
drawn made
Warehouse receipts, bills Of lading, and
railroad receipts upon the face of which the
words mot negotiable shall not be plainly
written, printed or stamped, shall be ne
gotlable as provided in section 1915 of the
Wisconsin statutes of 1878 and in sections
1884 and 1925 of these statutes as the
same have been construed by the supreme
court.
Section 4194. Bills of lading,
or railroad receipts given for any goods,
wares, merchandise, lumber. timber grain,
nour, or other produce or commodity stored,
shipped, or deposited with any
Whar1inger vessel boat or railroad company
or other person, on the face of which shall
not be plainly written the words mot ne
goCable' 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 specified 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 wharfn-
ger, master of vessel or boat or any
officer, agent, or clerk of any railroad, ex-
press, or transportation company who shall
issue any receipt bill of ladng, 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
property shall have been actually received
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,
or IN any manner remove beyond his i'm
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
ladlng voucher, or other document and
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 OF bill of lading, for
any such property, while any former re-
eeipt or bill of lading for any such prop
erty or any part thereof shall be outstand-
ing and uncancelled, without writing across
the face thereof the word duplicate" shall
be punished by Imprisonment in the state
prison not more than three years nor less
t'(an one year, or by Imprisonment in the
county Jail not more than one year/or by
fine not exceeding one thousand dollars.
Section 4425. Any such receipt, bill Of
lading, voucher or other document as is
mentioned in the preceding section shall
be transferable by delivery thereof without
endorsement or assignment, and any person
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 lien, or transfer
made or created by such person unless such
receipt, bill of lading, voucher or other
document shall have the words mot ne
gotiable' plainly written or stamped on the
face thereof
Section 8. There are added to the stat
utes Slxty-six new sections to read Sec
tion 1684m-1. Warehouse receipts may be
issued by any warehouseman.
Section 1684m-2 l. Warehouse re-
cetpts need not be in any particular form,
but every such receipt must embody within
It's Written or printed terms
CD The location Of the warehouse where
the goods are stored.
% The date of issue of the receipt.
90 The consecutive number Of the re-
ceipt.
(4) A statement whether the goods re-
ceived will be delivered to the bearer, to a
Speclned person, or to a specified person or
his order
% The rate of storage charges.
. 20 description of the goods or of
the packages containing them
90 The signature Of the warehouseman
which may be made by his authorized
80 If the receipt is issued for goods Of
@llIcn the Warehouseman is owner, either
soiely or Jointly or in common with others
the fact OF such ownership and
(9) statement of the amount of 3D.
Vances made and of liabilities incurred for
Whlch the Warehouseman claims lien If
the precise amount of such advances made
or OF such liabilities incurred is. at the
tlme OF the issue of the receipt unknown
70 the Warehouseman or to his agent who
ISSUES II, statement of the fact that adj
Vances nave, been made or liabilities in
CURED and the purpose thereof is sufficient
Z. Warehouseman shall be liable to any
person injured thereby, for all damage
caused by the omission from negotiable
RECEIPT OF any of the terms herein required
Section 1694m-3. Every warehouseman
shall Keep in the office in which the bust
ness of the warehouse is transacted a reg
lister in which shall be entered all the facts
CURED by section 1684m-2 When the
Warehouseman shall cease to be responsible
ior the delivery of the property described
IN the receipt, the fact and date Of the
9euVery OF the property and such other
1acts as may terminate liability on such
receipt, shall be entered on such register in
connection with the original entry of such
receipt rec Such register shall be open to
the inspection OF the owner or holder of
son who shall present the SAY same pg at
the office OF the warehouseman The ware
4ouseman 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.
SECTION 16S4m-4. A warehouseman NAV
insert III a receipt, issued by him. any other
terms and conditions provided that such
terms and conditions shall not
tl) Be contrary to the provisions of this
act.
CD 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. receipt in which
It IS stated that the goods received will be
delivered to the depositor, or to any other
specified person, is non-negotiable receipt.
Section 16S4m-6, A 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 ne
gotiable receipt. No provision shall be in
serted in negotiable receipt that it is non
negotiable. Such provision, if inserted, shall
be void
Section 16S4m-7 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.
except the one first issued. A warehouse
man shall be liable for all damage caused
by his failure so to do to any one who
purchased the subsequent receipt for value
supposing it to be an original, even though
fhaN alnncn no ll,l;. -