Der Sonntagsbote. (Milwaukee, Wis.) 1906-1912, 1909-07-11

ATHNtktF Use NANtE Oh EAE
ttahsiettf e fhe goods and the right to ar-
Euff tho nnliGaf-D OF the war.nar4eman
nay ~ dfieafed by the levy u an attach
Meni - xecufiou upon the goods 81 a
rrrdii',r ~ The -rnnSferrer. OF hV 4 norffrs-
non - the N1rrHsuseman BIZ the trans
.tl.eI ~ 2 Subsequent purchaser from the
~.ad s Or subsequent sale q the
7%ls ~ the transferrer.
section lGs3mE45. Where a negotiabia
receipt y Transferred for value by delivery.
ana me Endorsement 81 the transferred !
essential FOR negotiation ne frsnefaree a.
1oirfa a right against the trausfe4-r 10
compel him 10 lndorse the receipt. nnless 4
sien 4tsnto@ appears The nego.s-
s,oH e.alt Iake eject as Of the time when
the inaorsceent IS actually made.
Section i9e4m-4G. A person who for
tahe nes0tiates or transfers a receipt By
lhdotseiAeut or delivery. inciud ug ore who
assigns for value a claim secured ~ A re-
warrants
90 That the receipt is genuine
~ That be has a legal right to nego-
tate or transfer II.
80 That be has knowledge Of no fact
when would impair the validity or worth
90 That be has a right to transfer the
ute 70 the goods. and that the goods are
nercnantaDie or It for a particular pur-
been Implied, II the contract Of the parties
mad been 70 transfer without a Eecefpt the
goods represented thereby.
section lbe4m-47. The Endorsement ~
q receipt shall not make the lndorsey liable
Tor any failure on the part OF the ware
honseman OF previous indOrsers Of the re-
cept 70 frlnll their respective obligations.
section l6e4m-S. A mortgage. pledge,
OF holder for security Of a receipt. who in
good faith demands or receives payment Of
the debt for which such receipt Is security.
whether from q party to a draft drawn for
such debt or from any other person shall
not BY 50 doing be deemed to represent or
70 warrant the genulneness Of such receipt
o. tne quantity or quality Of the goods
Section I6s4m-4e. The validity Of the
negotiation Of a receipt Is not Impaired By
the tact that such negotiation was a breach
OF DUTY on the part Of the person making
the negotiation. or By the fact that the
owner u the receipt was Induced by fraud.
mistake. or duress to entrust the possession
or custody OF the receipt to such person,
II the person 70 whom the receipt was ne
g~otiated. or a person to whom the receipt
was subsequently negotiated. paid value
therefor, without notice OF the breach Of
duty. or fraud. mistake. or duress.
Section 16S4m-50. Mnets a person
having sold. mOrtgaged or pledged goods
which are In a warehouse ana for which a
negotiable receipt has been issued, or hav-
ing sold. mortgaged, or pledged the ueQo-
TABLE receipt representing such goods. con-
in possession Of the negotiable re-
eeipt. the subsequent negotiation thereof BY
tnat person under any sale. or other dispo-
sition thereof TO any person receiving the
same In good faith. for value and without
notice Of the previous sale. mortgage, or
- ENA AANE AT rHAf cMEtL as II the
1rst purchaser OF the goods or receipt had
expressly authorized the subsequent nego-
tlation.
Section 1gs4m-5i. Where a negotiable
receipt has been issued for goods no sellers
lien or right Of stoppage In transltu shall
defeat the rights Of any purchaser for
value In good faith to whom such receipt
has been negotiated. whether such neg
flation be prior or subsequent 10 the Motif
cation TO the Warehouseman who issued
such receipt Of the sellers claim 70 a lien
ne ~wSrehouseman be obliged 10 deliver or
justified In delivering the goods TO an IN
paid seller unless the receipt is first sur
rendered for cancellation.
Section 16S4m-52. A warehouseman, or
any officer. agent. or servant OF a ware
who issues or aids IN issuing a
knowing that the goods for which
such receipt Is issued hare not been actu-
ally received by such warehouseman. or are
not under his actual control at the tinp Of
issuing such receipt. shall. upon cOnvic-
ton thereof. be- punished by Imprisonment
in the state prison for not more than Eve
wears nor less than one year. or by a fine
not exceeding Ave thousand dollars. or by
both.
Section l6s4m-5s. A warehouseman,
or any uficer. agent. or servant Of a ware
houseman, who fraudnlently issues or aids
In ~frandulently issuing q receipt for goods.
knowing that It contains any false state
punished by Imprisonment in the state pri-
son for not more than five years nor less
than one year, or by a line not exceeding
thousand dollars, or BY both.
Section l6Sfm-54. A wHrehOuseman. or
amy officer. agent. or servant Of a ware
who issues or aids in Issuing a
duplicate or additional negotiable receipt
FOR goods. knowing that q former negotiable
receipt for the same goods or any part OF
7 hem Is outstanding and uncancelled. with
plainly placing upon the face thereof
the word duplicate except In the case OF
a lost or destroyed receipt after proceedings
as provided for IA section 16S4m-15. shah,
conviction thereof, be punished by I'M
10 the state prison for not more
thun nyp years nor less than one year, or
Dy a fine not exceeding hge thousand dol
lars. or hy both.
section t6s4m-55. Where there are de-
with or held by a warehouseman
goods Of which he is owner. either solely or
Jointly or In common with others, such
- artnOu~eman, or any Of his officers. agents.
pf servants who, showing this ownership,
ISSUES or adj IN issuing a negotiable re-
for such goods which does not state
such ownership. shall. upon conviction
thereof. be punished by Imprisonment in
the state prison for not more than i've
Years nor loss than one year. or by a fine
not exceeding five thousand dollars, or By
both.
section 1Gsim-56. A warehousemau.
or any officer. agent, or servant Of a ware
who delivers goods out OF the
possession u such warehousemnu. knowing
that a negotiable receipt, the negotiation OF
" htrh would transfer the right TO the pos
etHeltn NA NilN E0Ht&. IL UMltANNQiNE HBH
isneancelled, without obtaining the posses
sion Of such receipt at or before the time
such delivery. shall, except In the cases
Tor Ia sections l0S4m-l5 and
eSim upon confiction thereof be pun
ished by imp gisonment in the state prison
Tor not moro than Eve years nor less than
one year. or by a me not exceeding one
thousand dollars, or by both.
section l6s4m-51 Any person who de-
posits goods 20 which he had not title. or
upon which there Is a lien or mortgage, and
" no takes fof such goods a negotiable re-
eelpt which he afterwards negotlates for
value with intent TO deceive and without
disclosing bis want Of title or the existence
ot The Hen or mortgage. shall upon con-
xietiOn thereof. be punished by lmprison-
mFut In the state prison for not more than
one year. or by a tine not exceeding one
dollars. Or bY both.
Section i6Sfm-5S. A warehonseman.
or sny officer. agent. or servant of a ware
tapseman. wis shall sell, incumber. ship.
transfer. or In any manner remove beyond
The immediate control OF the warehouse
any property deposited With such
warehouseman upon such receipt. without
the consent Of the holder OF such receipt.
shalt upon conviction thereof. De punished
Pa Imprisonment In the state prison for not
mere Than I'VE Years nor less than one year,
or by Il nne not exceeding nVo Thousand dol
lsfs, or 10y both.
section issfm-s9. Any person who
shall wNfuiv alter or destroy any receipt
or register ~ receipts or any warehouse
man, or any Officer. agent, Of servant Of a
N~arrhnusfwan. WEe shall issue any receipt
without entering the same as required by
section 16Afni-H. shall upon conviction
thereof DO punished By Imprisonment in the
state prison for nof Warc than I'VE years
rnf less taEn one war. OF by q nue not ez-
caei uE i've Thousand dollars. or oy both.
section li>im-HH Tn any case not pro
vi8ei tor in This act. he rules Of law aud
sstuify. Including the law merchant. and in
gariiFuiaF the rules relating 70 the law q