REGULATIONS FOR TOBACCO WAREHOUSES. £1 
(4) the words “ Not Negotiable ”, “ Non-Negotiable”, or 
“ Negotiable ”, according to the ee of the receipt, 
clearly and conspicuously printed or stamped thereon. _ 
Paragraph 2. Exery receipt, whether negotiable or non- Storage period. 
negotiable, issued for tobacco stored in a licensed ware- 
house shall specify a period, not exceeding three years, 
for which the tobacco is accepted for storage under the 
Act and these regulations, but, upon demand and the 
surrender of the old receipt by the lawful holder thereof 
at or before the expiration of the specified period, the 
warehouseman, so far as the available capacity as his 
licensed warehouse then permits and upon such lawful 
terms and conditions as may be granted by him at such 
time to other depositors of tobacco in the warehouse, 
shall, (@) 1f he then continue to act as a licensed ware- 
houseman, either extend the old receipt by making an 
appropriate notation thereon or issue a new receipt for 
a further specified peried not exceeding three years, or 
(6) if he then continue to act as a public coo en 
but not as a licensed wareheuseman, issue a new receipt. 
Paragraph 3. Every negotiable receipt issued for to- ,,.trdorscment 
bacce stored in a licensed warehouse shall, in addition topgeetiPle re 
complying with the requirements of paragraphs i and 2 
of this section, embody within its written or printed 
terms a form oi indorsement which may be used by the 
depositor, or his authorized agent, for showing the owner- 
ship of, and hens, mortgages, or other encumbrances on 
the tobacco covered by the receipt. 
Paragraph 4. Whenever the form, grade, or condition , 5°." ;,27°%: 
is aid to be or is stated im a receipt for tobacco toPacce. 
stored in a licensed warehouse, it shall be stated in ac- 
cordance with regulation 8. Whenever the grade is 
stated in such recegpt the form and condition also must be 
stated. 
Paragraph 5. Ti a warehouseman issue a receipt under ,,h22¢s ,% 
the Act omitting any information, not required to be ‘Pace 
stated, for which a blank space is provided in the form of 
the receipt, a line shall be drawn through such space to 
shew that such omission has been made. 
Src. 2. Every copy of a receipt, except when issued in eee 
leu of the original in case of a lost or destroyed receipt, 
shail, if there be no statute of the United States or law - 
of a State providing otherwise, have clearly and con- 
spicuously printed or stamped thereon the word “ Copy— 
Net Negotiable.” 
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