ART 14.] TO BE NEGOTIALBE. 119

poses and to the effects therein stipulated or provided, notwith-
standing that the fact may be otherwise, and that such agent or
officer may have had no authority to issue any such instrument
on behalf of his said principal, except for goods, chattels or com-
modities actually received and in possession at the time of such
issue.

1876, ch. 262, sec. 3.

3. Every acceptance of an order and every other voucher
whatsoever, for any goods, chattels or commodities as on storage
or deposit, whereby the custody or possession of such goods,
chattels or commodities shall be acknowledged or certified by
any warehouseman, wharfinger or other person or corporation
within this State, and which acceptance or voucher shall not on
its face provide or stipulate in terms that it shall not be nego-
tiable, shall be held and taken when issued to be a negotiable
receipt and instrument to all intents and effects within the
meaning and operation of this article.

Ibid. sec. 4,

4. Any instrument declared negotiable by this article shall be
held and taken to have been issued within the meaning of this
article when it shall have been signed and shall have been de-
livered out of the custody of the person or corporation to be
charged or bound by the same, or of bis or its agent or officer
aforesaid.

Ibid. sec. 5.

5. No person or corporation, or agent or officer of any person
or corporation in this State, shall issue any bill of lading, receipt,
acknowledgment 6r voucher whatsoever, for goods, chattels or
commodities of any kind to be transported on land or water, or
on both, or any receipt, acceptance of an order or other voucher
for goods, chattels or commodities, as on storage or deposit in this
State, until and unless the whole of the said goods, chattels and
commodities shall have been actually received to be transported
by such person or corporation in the one case, or shall be actually
in the possession or custody, or upon the premises, or under the
absolute and exclusive control of such person or corporation in
the other case at the time when such instrument shall be issued;