Section 778.- The warehouse receipt and the warrant must each bear the same serial number as mentioned in the counterfoil, and be signed by the warehouseman.

They shall contain the following particulars :

(1)    The name or trade name and the address of the depositor ;

(2)    The place of storage ;

(3)    The remuneration for storage ;

(4)    The nature of the goods stored, their weight or bulk and the nature, number and marking or the packages ;

(5)    The place where, and the time when, the receipt and the warrant are made out ;

(6)    The period for which the goods are stored, if that has been fixed ;

(7)    If the goods stored are insured, the amount of the insurance, the period for which the goods are insured and the name or trade name insurer.

The warehouseman must enter the same particulars in the counterfoil.

 

Section 779.- The warehouse receipt and the warrant cannot be made or indorsed to bearer.

 

Section 780.- When the depositor indorses the warrant to a pledgee, the parties must mention such indorsement upon the warehouse receipt.

If such mention is not made, the pledge cannot be set up against a further buyer of the goods.

 

Section 781.- When the warrant is indorsed and delivered to the pledgee, the depositor and the pledgee shall certify on the warrant that they have made on the warehouse receipt the mention provided in the foregoing section.

 

Section 782.- When the depositor pledges the goods and delivers the warrant to an indorsee, such indorsee must notify in writing to the warehouseman the amount of the obligation for the security of which the goods are pledged, the interest to be paid and the day of maturity of the obligation ; and upon such notification the warehouseman must enter such particulars in the counterfoil.

If such entry is not made in the counterfoil, the pledge cannot be set up against the creditors of the depositor.

 

Section 783.- The holder of the document including the warehouse receipt and the warrant may require the warehouseman to divide the goods stored and to deliver to him a separate document for each part. In such case, the holder must return the original document to the warehouseman.

The expenses for such division and for the delivery of the new documents must be borne by the holder.

 

Section 784.- The ownership of the goods stored can be transferred only by indorsement on the warehouse receipt.

 

Section 785.- The goods stored can be pledged only by indorsement of the warrant. After the warrant has been indorsed, the goods may be pledged to a second pledgee by indorsing the warehouse receipt in the same way as a warrant.