Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1909-07-21

l. 1t 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.
B.. Must be payable on demand or at a
fixed or determinable future time.
A. Must be payable to order or to bearer.
5. Where the instrument is addressed
to a 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 omcer 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 they may be
drawn or made
Warehouse receipts bills of iading and
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 1878. and in sections
Aba and 4425 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.
shipped. deposited with any
wharhnger vessel boat or railroad company
or other person. on the face of which shall
not be plainly written the words not
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-
chandlse therein specified 80 far to give
validity to any pledge. lien, or transfer
but no such property shall be delivered ex.
cept on surrender and cancellation Of said
original receipt or bill Of lading or the
dorsement OF such delivery thereon In case
Of partial delivery.
Section 442A Any wharnn-
ger. master Of 4 vessel or boat, or any
officer. agent. or clerk of any railroad. ex-
press, or transportation company who shall
Issue any receipt bill Of ading. voucher, or
other document to any person purportlng to
loan or Indebtedness for any goods, wares,
merchandise, lumber. timber. grain. -four,
or other property. produce, or commodity,
uniess 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,
who shall sell or incumber, ship, transfer.
or In any manner remove beyond his I'M
mediate control any such property so re-
OF such receipt, bill Of ladng voucher or
other document, without the consent Of the
holder thereof, or who shall deliver any
to the person holding such receipt. bill Of
ladIng 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 or bill Of lading, for
any such property, while any former re-
ceipt or bill Of lading for any such prop
erty OF 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
prison not more than three years nor less
county jail not more than one year or by
fine not exceeding one thousand dollars.
Section %425. 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 ie 80 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
receipt. bin Of ading, voucher. or other
document shall have the words mot me-
gotlabie' plainly written or stamped on the
face thereof
Section g. There are added to the stat
utes siaty-six new sections to read Sec
tion l8s4m-1. Warehouse receipts may be
Section 16S4m-2 L. Warehouse re-
eeipts need not be In any particular form,
Its written printed terms:
"a The location Of the warehouse where
the goods are stored.
(2) The date of Issue OF the receipt.
fS) The consecutive number of the re-
eeipt.
10 A statement whether the goods re-
ceived will be delivered to the bearer, to a
specified person. or to specified person or
his order.
}s( The rate Of storage charges.
to) a description Of the goods or Of
the packages containing them
90 The signature of the warehouseman,
which may be made by his authorized
49, II the receipt is issued for goods Of
which the warehouseman is owner. either
solely or Jointly or In common with others,
the tact OF such ownership. and
t9) A statement of the amount of adj
vances made and Of liabilities incurred for
which the wsrehousenan claims lien. II
the precise amount Of such advances made
time Of the Issue of the receipt unknown
to the warehouseman or TO his agent who
issues 1t, statement of the fact that adj
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
receipt of any Of the terms herein required.
Section 16s4m-3. Every warehouseman
shall keep In the office in which the bust
ness OF the warehouse Is transacted reg.
lister in which shall be entered all the facts
with reference to each receipt Issued. as re-
CURED by section 16S4m-2. When the
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
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.
Section 16s4m- A warehouseman NAV
insert in a receipt. Issued by him. any other
terms and conditions. provided that slch
terms and conditions shall not
"a Be contrary to the provisions OF this
(2l In any wise impair his obligation to
exercise that degree of care In the safe
which a 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 deposition, or TO any other
specified person Is non-negotiable recelpt.
II 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
serted In negotiable receipt that 1t is nom
negotiable. Such provision. II inserted. shall
be void
negotiable receipt is issued for the same
goods the word duplicate" shall be plainly
placed upon the face of every such recept.
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
supposng it to be an original. even though
the purchase be after the delivery of the
goods by the warehouseman to the holder
of the orig nal receipt
Section 16S4m-S A negotiable re-
ceipt shall have plainly placed upon Its
face by the warehouseman issuing II non.
nS he tO IN