Show UNITED STATES i WAREHOUSE ACT Sy synopsis of measure passed ed by congress as prepared by united states de apartment part ment of agriculture saw H the central purpose of the united states warehouse ua act gicla became a law on august 11 1010 is to establish at R form of a receipt tor for cotton grain ool tobacco and flax beed which litch ft ai lit make these recil pta cately ando Idely negotiable as delivery ordera orders or as collateral kor or loana loans and therefore of definite assistance in fl it dancing crops this purpose the act alma to attain by licensing and bund bond ing under condition conditions will insure the integrity 0 bf ir receipts and make thae receipts reliable evid tice of the condition quality quantity anil and ownership 0 of tl 0 products named which may bo be stored with alth them the the secretary sec retry of agriculture la Is ghen glien general authority to investigate the storage warehousing classification weighing anil anti certifying of cotton wool grains tobacco and flaxseed ll and anti to classify warehouses for which MIMI licenses are applied for or permissive lve statute lie ile may issue loque to warehousemen it 11 censes for the conduct of warehouses in which buch such product i may be stored for interstate or foreign commerce and also of warehouses s located in places under the tile ex exclusive cluie jurisdiction of the united states in which euch tsuch products may be stored u who are not warehousemen may also be licensed licen Ileen ced bed subject to the earno game requires require ments ns ai licensed to accept such products for storage in warehouses owned operated or leased I by any state licenses mayhe may he issued for periods not preceding one year and are rene renewable mable upon shoil showing ng satisfactory is to the sec secretary rotary of agriculture A fee not exceeding excer ding 2 may be charged for each license or ren renewal enal and la in addition a reasonable fee for each examination or inspection of a ma warehouse made upon application of the w n it Is not however compulsory that any tiny warehouseman N be licensed by the secretary of agriculture the system ts Is wholly permissive every for a license ne no a warehouseman mut agree to comply with the act and the rules and regulations prescribed under tinder lr it lie ile must give n bond with other than personal surety to secure the performance of bli obligations as a warehouseman under the tile laws lans of tile pince place in which tho the v alehouse Is conducted conduct eO under his contracts with hie his depositors and under the united states warehouse act the right Is 1 given to any person injured through its breach to sue in Ms fits own name on the bond for an damages sustained by hlin him when such bond has been ghen glen the warehouse may bo be designated deIgna ted ns no bonded under the united states warehouse a act Inspect fort cf warehouses ee the secretary of agriculture Is nu thorlee thor led to inspect warehouse licenses or for which licensee licen ves are tip applied for to whether they ore are suitable for he the croper storage of agricultural products pro duets to prescribe the duties of licensed warehousemen with respect to their care tr t r did responsibility for agricultural products and to examine agricultural products stored in II 11 censed warehouses deposta of agricultural ri products in n such warehouses are made subject to the act net and the rules and regulations under it t duties ef of warehousemen Tic I 1 licensed ened warehousemen are not permitted to discriminate between persons desiring to store agricultural products in their qs all agricultural ri cultural products except fungible products euch such a as grain and the tike of the same kind and grade for which separate receipts are issued roust murt be so go kept that thy th y may be separately identified and redelivered to the depositor post tor warehousemen mix grain and other fungible furi cible product pro ducth ordinarily din dina rily mixed in tore when nhen they hey are of the same name kind and erode grade and are delfre red from the mine same mass but roay may not mix each such product products when they are of different grades Ware War hore ehos receipt receipts original receipts must be issued d for licensed warehouse warehouses but only when uch such products are ritually a dually ally stored at thu the timeo of the of the re rc additional or farther receipts for h as am products may only bess beit b med in place of lost or destroyed dee troyed re celete and then only under conditions the act net enumerated enumerates certain facie facts which must de be stated in all receipt receipts imbed by licensed warehousemen the must allow a the location of the warehouse b tho the date ance c the h number d whether rh ether the product products will he ile delivered to the bearer to a specified person or to a specified person or his order e the rate it storage chargee charges f a description 0 of the product stored J is eluding the 11 of g the trade grade or other aass according to the etan darda of the united elates states fol tich such product products unless 1 thero there be no such standard etan dard in which erent it alm ilm nawt be stated according to some recognized standard etan dard or according to rules 1 and regulations regul atlow prescribed by the secre secretary tarr of agriculture h that hey are ironed issued subject to the united I ware bouee act and he the rule rules nd resu lati under it 14 1 owner I ship if an on of the ts by the jeliou eman j any lien llen by the eduan for ahanch made or liabilities L k any other facts required by tin secretary of agriculture 1 I 1 tile sign iture of tha tile hichi ma la be made by ills its authorized agent unless other icse ise required by the lan aa of the state in which he the va mar chouse Is located ho the grade inay inny be omitted at tile request of depositors except in lage of cutill lie ble agricultural neri cultural products it if the re celata clearly dho sho that they are cot rot negotiable classifiers and Wei ghers the secretary of agriculture may it 11 cense cene competent persons 3 to classify and N t agh agricultural product stored in are homes anil and to certify the chi or weight of tho tile products product such 11 may be sui or smoked at any time if it ho tile falli fall to perform his hn dutley p po lierly all krain grain flaxseed flax avd tind other products stored for interstate or fortion in warehouses hou aes must bo be inspected in and graded by pasting pr sting licin qed for the purpose rr authority IR li ghen to boffl ial stan darus for the agricultural prad acts rinn named iett in the act end and stan lardi established under any other act of congress tire adopted for the purpose of tho the Un net act delivery of product products upon demand f depositors or holders of receipts licensed ure houst nien in lie the ali since of soine lawful excuse must product products without annece unnecessary ary delay the demand for delivery delhery must be with an offer to satisfy the lien ilen to surender the lie rec receipt ellit if ne tie loable gotI lo alle nItle properly endorsed indorsed Indor sed and find when n quested by flie me to nn an of the receipt of the products redell redel hered cred upon tho tile of the product iro duct for riven given nil all returned inest be canceled elid d records and report reports I 1 licensed warehousemen are required to keep in sate safe complete and anti correct records of all agricultural products stored and withdrawn ond and 0 of receipts issued returned and canceled they roust must also nl o make detailed reports to the tile secretary of agriculture na as often as required their boo books record papers and accounts are sub jert to by lie tile department of agriculture revocation of licence licenses the secretary of agriculture Is required to publish the names locations and anti addresses of nil all ani persona persons licensed under the net act alth lists of nil nii licen licenses Res revoked and tho the causes of termination lie ile roay may lila him findings ulie whenever neier lie determine that a n licensed mare warehouseman houseman Is not performing fully lilg duties under the act ile may suspend or ro re toko any license montle it if the lice aimee faiia 0 to o comply with the act or the rules anti regulations ile anny also suspend or revoke any license ideen te issued to a ciare houseman house mno it if unten an annl t exorbitant or charges hae haie been made for services rendered rend ored the act ei ex presly preasly provides that nothing contained in it shall be ile con to interfere with state lawe relating to warehouses warehousemen temen uki ghers graders and cinq or similar federal laws on the con the secretary of agriculture li authorized to operate cooperate co eo with official charged nith the enforcement of euch such state inus in order to carry out tho the provisions d tho the united state vire wire hou re net penalties punishment by fine or or both may inny bo be imposed on any person iho ho counterfeits counter felte forg fored or without authority any license issued under the act lick or who issner or buttera a fale falte or fraudulent receipt or 0 r certificate or ulio uses a name or d de e conveying tho the impression that a warehouse ouid Is designated am bonded under the act ac unless the bond lias has actually been filed and approved or tho the alcen licence te issued remains penda and an appropriation of ie Is made for of carrying out he the provisions of the act the rules and regulation regulations ire tire now jn coarse of preparation ind and will ill be published and widely distributed tri at the earliest practicably ablo late te |