Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1872-03-26

saving, haUSs.
d, ,t.,,-,s9 Dr. - follows:
Sr,r en- the last Saturday preceding the hr>' .
Monday Of Nay and November tn each wear every
saving bank ia tina, STA shall return H"drr "a'h
the M. treasurer the total amour" II - deposits,
and within ten DAYS thereafter pay the >'a'r III as
mr. one quarter OF one per cett on the amount -
returned Tor TIE use "t the stare l" o. 49,
r the ~. uf schools A. proNl gd IN chSf''t ''tu'
.,ff,u uiuetvone OF the revised sthtui"- and " any
hans ucrlects 20 nay sai tax i'r thirty daNs aitf II
i ea the tra~ur, shall issue warrant ~ distress
~, r,vt7,an' thereof out Of it, estate or ELECTS
Sk,-r = The trustees shall ono" M TX months
aftr setting apart from the earnings "i the rP'fa
ti the amount vSlui'ed by section ninety thf'e 'i
charter tlry-,gNeu II the r'Nsed s'a'u'''' LIT ~
served md declare dividends not 10 cNc'td t"F''
,r cont ,rtui-aunually at such times n, may be r.
,,sirpl bv their hy-iawS, among the u"l.Nit.Ir 81
,l.. standing AZ least D., { 70 dividend CAV
Int th. corporation may by iuCT bylaws ihc!uur
J.nc,its of les, standing Any baane" 81 earnings
,.- the said three per cent setni-annualy ana t'e
,, v,,,ir,.d ? reserved fund, taxes ana expenses.
,,, one, ina four years br divided amorg d"posiior'
ON their ha'auces 81 one two three ana lguf NtsIs
standing ratably. said four years u bt gin NJ IN"
a., III ti,s r,Nt dividend after the approval 81 ths
rrt ar Tho date If commencing bu.ine9s 81 Nc"
htYks No GVVC,it shat b. pce4'td huu'' ANY
s~r,emcut to Vay any specified sum 'T lh,cIt>t Ior
IN, l,p. other than regular ,emannual ui,lhthds
Sr-r = Two OF Gle trustees ~ east shan twice
en- each year thoroughly examine tie aUa!FN 81 Tue
,.-r.rl,iau ,.tt, tLv trra-uTtr's account anu te-
-, - ,,der ,ath 20 the bank examiner The standing
f.ba corporation tho situation of IT, undS ana AL
,,.tt..r. hirh the hammer requires. an man
49, and according - the form he prescribe Ana
49,. .vsuriu.r shall se1sanaO,y give notice OF tir
Time and furnish blanks for said examination ana
rctara. -. = .-.,,,,-,rs q, cav.
~ barks an, the first day Of April IA each year 10
r1rD 20 tho assessor, OF cities towns and p4anti-
,;,y. &, this STATE. where persons reside Who own
80 to,s winch Is pledged % said bank a c'llNi'-
ri security for loaus the name, Of persons p.edsiug
.,,.A -t,-k aud the amount Of The same. -
S..r Z NJ savings bank shall invest any OF ~
r,ri. i'm tho bonds OK unfinished rAiroaiS or roa''
,s ny ioc3tna Of which IS not suihc eut ~ pay The
;,orst ON i's bonded debt nor In The bond, 81 any
NV, or county out of the New lag and States Issued
iu aid ut any railroad. A,,
S.cr 6 The trustees may receive rea'ohAoIe
r,,,r.,u,atiou fr their services Ia making eNam!hA
tir. and returns required by their bylaws and 81
~ aws ofthe Sta.c And - much of section eighty
mine Of CHAPTER frty>even OF the revised statutes u
i i,rnr ,t,nt with this section j. hereby repeated
S.cr section niuety-twp otchapter oFIy seven
f of,ha r,vi.cd statutes. /, hereby repealed
Ssrr Section niurty-three OF chapter loI'l
ssr, of the revised stltutsS j. hereby amended IN
the first line bv striking out the woru suCn anu
-S..il,{n- the word semi annual, 50 th2t TIE SEX
49,, n. amended shall read o follows:
. .Sycr g. Before mASing any seJa!-annuai diVaehu
Tho trustees snail set apart from the earnings sum
mot los, than one quarter OF one per cent SIN
,,,,tNs on tho whole amount OF deposits Tor re-
rvad fund not sub ect q be divided. but Kept CON
.aotv on hand - secure against losses anu conth-
sDri.s until the said reserved fInd amounts - zen
r conf OF their assets All losses shall be passed 10
The debit Of ,aid account r.
So section two or this act shall not take ei-
e., a. Z, the dividends Of banks accrGing on or De-
. frs Nav first irhteen hundred and ,cventy-t"o.
ssrr d ThlSac; shall take eta't when approved.
Approved February -, lsI2l