Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1909-07-08


| be negotiable must conform TO the following
| requirements:
! l. IT must be IN writing and signed by
| the maker or drawer.
| :. Must contain an unconditional prom
Use or order TO pay sum certain In money.
J 8. Must be payable demand or at q
/ liked or determiDable future time.
! 4. Must be payable to order or to bearer.
! D. 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 officer thereof any other person and
| no obligation nor instrument made by any
| 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 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
! gOtiable provided in section 1916 of the
! Wisconsin sta tutes 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 ladiDg
or railroad receipts given for any goods,
wares, merchandise, lumber, timber, grain,
-four, or other produce or commodity stored
shipped, or deposited With any
WhaTfnger ves5e! boat or railroad company
or other person, on the face Of which shall
not be plainly written the words mot ne
gotiable" may be transferred by delivery
with 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 specIned 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-
original receipt or bill Of lading or the
dorsement Of such delivery thereon in case
Of partial delivery.
Section 4424. Any wharhn-
ger, master Of vessel or boat, any
officer, agent, or clerk Of any railroad, ex-
press or transportation company who shall
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
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 lnCumber. ship, transfer,
or in any manner remove beyond bis i'm
mediate control any such property so re-
ceiVPd. contrary to the terms and meaning
OF such receipt, bill or 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
ladlug voucher or other document, and
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. OF shall issue any second
or duplicate receipt or bin of lading, for
any such property, while any former re-
ceipt or blll Of lRding 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
prison not more than three years nor less
than 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
fading voucher or other document is
mentioned In the preceding section shall
be transferable by delivery thereof without
endorsement or assignment, and any person
TO whom the same ls 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 not ne
gotlabe" plainly written or stamped on the
face thereof.
Section 3. There are added to the stat
utes sixty new. sections to read: Sec
tion 16S4m-1. Warehouse receipts may be
issued by any warehOuSeman.
Section 16S4m-2 l. Warehouse re-
ceipts need not be in any particular form,
but every such receipt must embody within
its written or printed terms
a. The location Of the warehouse where
the goods are stored.
(2) The date of issue of the receipt
80 The consecutive number of the re-
ceipt.
~ A statement whether the goods re-
ceived will be delivered to the bearer, to a
specified person. or to a specified person or
his order
90 The rate Of storage charges.
(6) description of the goods or Of
the packages containing them.
% The signature Of the warehouSeDnn,
which may be made by his authorized
( agent,
80 If 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
90 A statement of the amount of ad-
Vances 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 la, at the
time OF the Issue of the receipt unknown
TO the warehOuseman or to his agent who
issues IT, 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 q negotiable
receipt OF any Of the terms herein required
Section 1684m--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
with reference TO each receipt issued as re-
CURED by section 18S4m-2. When the
warehouseman shall cease to be responsl ble
/ 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 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
son who shall present the same at
the Office of the W0CehouSemap. The ware
Louseman shall be responsible TO any person
F.. 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
insert in receipt issued by him, any other
terms and conditions. provided that such
terms and conditions shall not
act
90 In any wise impair his obligation to
exercise that degree Of care in the safe
which a reasonably careful man would ex-
erc!se in regard TO similar goods OF his
own.
Section 16S4m-5. A receipt in which
It is stated that the goods received will be
delivered TO the dcpositor. Or to any other
specified person, Is non-ncgotiabe receipt
T.. Section l6S+m16. \ receipt In Hutch
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 q ne
gotiable receipt. No provision shall be in
serted In q negotiable recent that Ii Is non
! negotiable. Such provision. il 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 warehouse
/ by his failure so TO do to any one who
purchased the subsequent receipt for value
supposing il 70 be an original, even though
the purchase be after the delivery of the
goods by The warehOUSeman 10 the holder
of The original receipt
Section 16S+m--S A non-negotiable re-
Mo sF,nv r,1a