WAREHOUSE RECEIPTS. 425

Distillery Warehouses.

An. Code, sec. 61. 1906, ch. 19.

61. Bonded warehouses of the United States, known as distillery ware-
houses, as defined by and existing under the laws of the United States of
America and situated in this State, shall be deemed to be warehouses within
the contemplation and meaning of this section, and such distillery ware-
houses shall be subject to all the provisions of this article not inconsistent
with the laws of the United States regulating the conduct and operation of
such distillery warehouses, and all warehouse receipts issued after Febru-
ary 27, 1906, by such a distillery warehouse shall be governed by and sub-
ject to all the provisions of this article as fully to all intents and purposes
as the warehouse receipts of any other warehouseman, corporation or
person conducting a general warehousing business in this State.

This section is constitutional and valid. A distillery warehouse receipt represents
the property and its transfer in the usual course of business by way of sale or
pledge, operates as a delivery of the property therein described. Pledgees held to
take a good title as against creditors. Merchants Bank v. Roxbury. Distilling Co.,
196 U. S. 100. See also the opinion of the special master in this case, particularly
on page 82.

See sec. 58.

While the acts of 1910, chs. 336 (p. 33) and 406 (p. 46), do not specifically refer to
the act of 1908, ch. 548, the latter was no doubt repealed by the acts of 1910, particu-
larly in view of sec. 60 of ch. 406.