The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1909-07-29

and 4425 of the statutes are amended to
read Section 1675--I. An instrument to
be negotiable must conform to the following
requirements
/. 1t must be In writing and signed by
the maker drawer.
2. Must contain an unconditional prom
Use or order to pay a sum certain in money.
g.. Must be payable on demand or at a
liked or determinable future time.
4 Must be payable to order or to bearer;
B. 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 officer 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 fading. and
railroad receipts upon the face Of which the
words not negotiable shall not De plainly
written, printed, or stamped, shall be ne.
gotiable >as provided In section 1915 OF the
Wisconsin statutes of 1878. and in sections
4194 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,
-four. or other produce or commodity stored;
shipped, or deposited with any
whardnger vessel boat. or railroad company
or other person. on the face Of which shall
not be plainly written the words not ne.
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 uer-
chandise therein speclhed 90 far as to give
validity to any pledge. lien. or transfer
made or created by such person or persons
but no such property shalt be delivered ex z;
original receipt or bill Of lading or the en-.
dorsement OF such delivery thereon In case
Of partial delivery.
ger. master Of q vessel or boat, or any
officer agent, or clerk of any railroad, ex.
press, or transportation company who snail
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
unless at the time Of Issuing the same such
property shall have been actually received
or shipped according to the terms and
ssns of o sqs sess m IS 81
who shall sell or incumber, ship, transfer.
or I'm any manner remove beyond his I'M
mediate control any such property SO re-
o q such receipt bin ' Of iading voucher Or
other document, without the consent Of the
holder thereof, or who shall deliver any
to the person holding such receipt bill Of
iading. voucher, or other document and
upon the surrender and cancellation there.
Of or In Of any 1eve there o.
on of such partial delivery, unless required
by legal process. or shall issue any. second
or duplicate receipt or bill Of fading. for
ceipt or bill OF lading for any such prop
erty or any part thereof shall be outstand-
ting and uncancelled. without writing across
be punished by Imprisonment In the state
prison not more than three years nor less
than one year. or oy imprisonment in the
6ne not exceeding ono thousand dollars:
iading, voucher. or other document as is
S E s ersof wthon
endorsement or assignment, and any person
to whom the same 10 80 transferred shall
be deemed and taken to be the owner Of
give validity TO any pledge lien, or transfer
made Or created By such person unless such
receipt. bill Of lading. voucher. or other
gotiable" plainly written or stamped on the
face thereof.
Section 8. There are added to the stat
tion 1684n-1. Warehouse receipts may be
issued by any wRrehouseman.
Section ISS4m-2. /. Warehouse re-
eeipts need not be In any particular form.
Its written or printed terms:
~ The location Of the warehouse where
the goods are stored.
(S) The consecutive humber Of the re-
~ A statement whether. the goods re-
ceived Yiil be delivered to the bearer to a
specified person. or to q specified person or
90 The rate Of storage charges.
:. (6) A description of the goods or Of
20 The signature Of the warehouseman,
which may be made By his authorized
(s) II the receipt is issued for goods Of
solely or Jointly or In common with others,
the fact OF such ownership. and
go A statement Of the amount Of ad-
vances made and Of liabilities Incurred for
which the warehouseman claims q lien II
The precise amount Of such advances made
er Of such liabilities incurred ia, at the
to the warehouseman or to his agent who
issues 1t, statement of the fact that ad-
vances have been made or liabilities in.
CURED and the purpose thereof is sufficient.
person Injured thereby. for all damage
caused BY the omission from a negotiable
receipt OF any of the terms herein required.
Section l684m-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-
qutred by section 18S4m-2. When the
warehousenan 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
any such receipt. or of any per
son who shall present the same at
the Office OF the warehotiseman. The ware
louseman shall be responsible to any person
any loss or damage which he may sustain,
through any failure to make the entries
herein required
Section 1684m-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
(2) 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
ercise in regard to similar goods Of his
own.
Section 16S4m-S. receipt In which
1t is stated that the goods received will be
delivered to the depositor, or to any other
Section 16s4m-6 A receipt In which
It 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 ne
gotiable receipt No provision shallNbe In
serted In negotiable receipt that 1t Is non
negotiable. Such provision, II inserted, shall
be void.
Section 16s4m-7. When more than one
goods the word 'duplirate" shall he plainiy