The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-05-02
but the expenses OF each necessarily incurred
In the discharge OF his duties, shall be paid
Approved April 9 1913 r. 7. ..S&T - $ 5y

I NJ sf st9 az ,#4 T EGF9 n E1 ~. $500.
but II the expenses q each, necessarily incurre
IN IN the discharge of his duties. shall be pai'
Approved April 2, 1913. 7 .s; 5-s - I.
CHAPTER 1e1-H. F. No. s25. III. Lex
Il AN ACT to make uniform the law Of ware
house receipts. . y -. ~ :
Be it enacted BY the Legislature of the Stat,
THE ISSUE OF. WAREHOUSE, RECEIPTS
Rs seStiq9 si-RERsoNs WHO NAY ISSUE
Sec, Sec. 2:-(FORM OF RECEIPTS. ESSEN
i TlAL TERMs) Warehouse receipts need no
be in any particular form, but every sucf
receipt must embody within Its written o.
(a) The location Of the warehouse wher.
in) The date of issue Of the receipt.
| e The consecutive number Of the receipt
! ld) \ sta tement whether the goods received
will be delivered to the bearer, to specified
PRISON; or to specified person or his order.
/ e, Ihe a1 rate Of storage charges:
packa gss containing them,
which may be made by 81 his 'n authorzed aSent
! (h) II the receipt is issued for goods o.
W vn1dG1, the warehouseman is owner. either
the fact Of such ownership. and
III In the case Of negotiable receipt.
and of liabilities incurred fer which the ware
h nc claims lien. If the precise amount
OF such advances made or Of such liabilities
lreceipt, unknown to the warehouseman or II
his agent who issues 1t. a statement Of thu
ficient.
A Warehouseman shall be liable to any per
son injured thereby, for all damage caused
by the omission from negotiable receipt o.
any 70 of the terms herein required:
Terms MAY Sc 1N 9a TEGtar4s warehouse MMal
man may insert in a receipt. issued by. him
tag arm and
ta) Be contrary to the provisions Of thi.
~ In any swtse impair his obligation to ex
ercise that degree Of care in the safe-k keeping
Of tie goods entrusted to him which reason
aply careful d man would exercise In regard
Sec. 4-lDEF1NIT1oN OF NoN-NEGor1
ABLE RECE1PTD A receipt in which it is
cred to the deposltor, or to any other specified
person ESQ IS R9n1 neg9na receipt
RECEiPTo A receipt in which 1t is stated
that the goods received will be delivered tc
the b. bearer, or to the order Of any person
NO provision shall be inserted in a negoti-
abe receipt that Is Such
BE SO MARKEDLY When more than one ne
got Hn,a reeep Is for IT the goods
the one first issued. A warehouseman shah
be liable for all damage caused by his failure
sequent receipt for value supposing it to be an
tS even though the purchase be after
Sec. .-lFAILURE 10 MARK NOT NE
6Sye Ba aaceG receipt f, shall
thspe* IN e.
the receipt who purchased it for value sup
posing it to be negotiable, may, at his option,
treat such receipt imposing upon the ware:
housemaD fho Hal no hav
incurred had the receipt been negotiable.
This section shall not apply, however. to
ments of an informal character.
PART II.
oB51GATIoNs r45d9, R1GHTs OF WARE
Sec. 81 8; {H92g5KL;11G(sA5T1oN OF WAREHOUSE
@ Of so evep the
upon a written demand made either by the
holder of a receipt for the goods by the
depositor. If such demand is accompanied
(a) An offer to satisfy the warehouseman'
(b) An offer to surrender the receipt II ne
gotiable, with such Endorsements as would be
necessary for the negotiation Of the receipt
and
(c) A readiness and Willingness to sign, when
the goods delivered. acknow ledgment
that they have been delivered, If such sigma
In case the warehouseman refuses or fails
to deliver the goods in compliance with a
written demand by the holder or depositor Sc
accompanied, the burden shall be upon the
warehouseman to establish the existence OF a
lawful excuse for such refusal.
Ho otS: IN pEET1 ER1Sa9 wal" 1are-
houseman is justified in delivering the goods.
subject to the provisions of the three follow
ing sections, to one who Is
IA? The person lawfully entitled to the pos
session of the goods, or his agent
to delivery by the terms of non-negotiable
receipt issued for the goods, or who has writ:
ten authority from the person so entitled
either Endorsed upon the receipt written
upon another paper.
&c? A person in possession of a negotiable
receipt by the terms Of which the goods are
deliverable to him order to bearer, OF
which has been Endorsed to him or in blank
Used by the terms Of the receipt or by his
mediate or immediate indorsee.
Sec. 10: .WAREHoUsEMANs LIABILITY
fact lawfully entitled to the possession OF
conversion to all Having right Of property
or possession in the goods If he delivered the
goods otherwise than as authorized by sub.
and though he delivered the goods as author.
lied by said subdivisions he shall be SO liable,
| if prior to such delivery he had either
person lawfully entitled to a right Of property
or possession in the goods, not to make such
(b) Had information that the delivery about
to be made a was to one not lawfully entitled
se ee rISSS II ABB F'o Receipts MUST
BE cANcELED WHEN GOODS DELiV
EREDl Except as provided in Section So
which he had issued negotiable receipt the
negota ton Of which would transfer the right
the OF the he
liable 10 any one who purchases for value 1r
good faith such receipt. for failure to delive,
the goods to him. whether such purchaser &C.
quired title to the receipt before or after the
delivery of the goods by the warehouseman:
BE Cancelled or MARKED WHES FART Ri
OF GOODS DElIVEREDD Except as pro.
vided in Section &c. where warehousemar
issued negotiable receipt and fails either t.
take up and cancel such receipt, Or to place
Or packages have been delivered he shall b
liable, to any one who purchases for value II
good faith such receipt for failure to delive,
! all the goods specified in the receipt. whethe,
such purchaser acquired title to the receip,
before or after the delivery of any portion o.
the goods by the Tr Ra5 are Tho
| iteration Of a receipt shall not excuse the
warehouseman who issued it from any liabilit,
If such alteration was
| ta) Immaterial
! 90 Authorized,
lc) Made without fraudulent intent.
! If the alteration was authorized. the ware.
houseman shall be liable according to the
terms of the receipt altered. If the altera
ton was unauthorized, but made without
! liable according to the terms of the receipt
as they were before alteration
| Material and fraudulent alteration OF re-
ceipt shall not excuse the warehouseman who
issued it from liability to deliver according
to the terms of the receipt as originally is:
sued, the goods for which 1t issued. but
shall excuse him from any other liability tt
the person who made the alteration and t.
any person who took with notice of the altera
ton. Any purchaser of the receipt for value
without notice of the alteration shall ACQUIRE
the rights against the warehousemar
which such purchaser would have acquired II