. ART. 14] NEGOTIABILITY—BONA FIDE HOLDER. 361

than five hundred dollars, in the case of a corporation, and in
the case of an individual, by a fine of not more than one hun-
dred dollars.

1888, art. 14, sec. 2. 1876, ch. 262, sec. 2.

6. Every instrument of those mentioned and described in
the preceding sections, which shall be issued by any person or
corporation, or by any agent or officer of any person or corpo-
ration authorized to issue the same on his or its behalf, or
authorized or permitted by such person or corporation to issue
like instruments on his or its behalf for goods, chattels or com-
modities actually received for transportation or held on storage,
as the case may be, shall be conclusive evidence in the hands
of any bona fide holder for value of such instrument, who shall
nave become such without actual notice to the contrary, that all
of the goods, chattels and commodities in said instrument men-
tioned or. described had been actually received by and were
actually in possession and custody of such person or corpora-
tion at the time of issuing the said instrument according to the
tenor thereof, and for the purposes and to the effects therein
stipulated or provided, notwithstanding 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 commodities actually
received and in possession at the time of such issue.

Lazard v. M & M. Trans. Co., 78 Md. 1.

Ibid. sec. 3. 1876, ch. 262, sec. 3.

7. Every acceptance of an order and every other voucher
whatsoever, for any goods, chattels or commodities as on stor-
age or deposit, whereby the custody or possession of such
goods, chattels or commodities shall be acknowledged or cer-
tified by any warehouseman, wharfinger or other person or cor-
poration within this State, and which acceptance or voucher
shall not on its face provide or stipulate in terms that it shall
not be negotiable, 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. 1876, ch. 262, sec. 4.

8. 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