Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1873-01-23
MAINE LEGISLATURE.
Senate.

Senate met according to adjournment.
PRAYER was offered by REV. MIR. THOMAS
Of Gardiner.
The journal of yesterdays proceedings was
read and approved.
Papers from the House disposed of in con-
eurrence.
On motion of MIR. KIMBALL, bill an act to
amend an act to incorporate the town of Ellis
worth into city, approved February 8, 1869,
was laid on the table to be printed.
On motion of Mr.. CHAPLIN of Cumberland,
ORDERED, That the Committee on the Jul
dietary inquire into the expediency Of enact
ing law to prevent persons from playing at
base ball or foot ball in the streets of any town
or city in the State.
Mr.. HUMPHREY from the Committee on
Mercantile Affairs and Insurance on order to
inquire into the expediency of what amend
ment if any may be required to chap. 49 re-
lating to insurance and insurance companies,
reported bill which was ordered to be print
ed under the rule.
This bill provides that the mortgage of
any property shall have lien upon policies,
the provision of the section to apply to for
eign as well as domestic companies.
No foreign company shall do business
in the State unless it have bona fide,
paid up, unmpaired capital; if . stock
company OF at least 100000, or if a mutual
company, cash assets to the same amount.
No stipula,ons or conditions shall deprive the
courts of jurisdiction of actions against such
companies. Any person having claims against
foreign companies may bring suits in our
State courts. The capital and all reserve
Reinsurance funds of companies incorporated
in this State, except such as may be needed
for immediate use, shall be invested in the
funded debt or bonds of the United States, or
in bonds or securities of New England States,
or in those of municipal corporations of
New England. Whenever after setting
aside sum equal to the full amount of pre-
miums, or outstanding marine risks, together
with one half Of all premiums, on existing fine
and inland risks, the cash assets of any COM
pany with specific capital, do not amount to
more than three-fourths Of its capital stock,
the company shall by assessing the stock for
the difference, repair its capital TO the legal
amount ANY company with specific CAPT
tai which does not within three months after
receiving notice from the Insurance Commits
soner, that its capital is legally subject to re-
pair, shall satisfy him that it has been fully
restored to its legal amount with reserve of
premiums sufficient to reinsure all outstand-
ing risks. Whenever after setting aside a
sum equal to that required, the cash assets of
any foreign company having a specific CAPT.
to more than three fourths of its legal capital,
the company shall by assessing its stock for the
difference, or in some other way, repair its
capital to its legal amount, and unless it do SO
within three months after notice, shall no
longer be permitted to do business in the
State.
The act to incorporate the Coburn Land
Company came up by special assignment, and
took its second reading.
Mr.. HARRINGTON of Oxford, moved to
amend as follows BY striking out all of sec
/, after the word "fabrics" in line 0, the fol-
lowing being stricken out ''snd with power
to do all acts which may facilitate the same,
and to prosecute any other business that can
be consistently carried on herewith"
The amendment was adopted, and the bill
passed to be eDgrossed.
Subsequently the vote passing the bill to be
engrossed was reconsidered, on motion of Mr..
Harrington, so as to allow the Senator from
York (Butler,) who was not in his seat at the
time the bill was passed to be engrossed, an
opportunity to offer certain amendments.
Mr.. BUTLER moved to amend by striking
out the word "four' in second line of sec 9,
and inserting the word 'one, SO that the eapi-
tai stock shall be fixed at one million of dol
lars. Adopted.
Also strike out all after the word son" in
tue Seutcuct Ill Tie ettGutU lluS, anu lHSeTt
call the lands and other property of the com
pany," so that the bonds shall be secured by
a mortgage 'on all the lands and other prop
erty Of the company
Mr.. Brooks of Waldo, moved as a substi-
tute, to amend Mr.. Buffers amendment by
striking out sec. 3.
Mr.. DINGLEY Of Androscoggin would like
for an explanation. If sec. is stricken out
it kills the bill, to which he was opposed as it
now stands, because it was a dangerous one.
He gave reasons why the bill should not pass,
and believed in its indefinite postponement
Mr.. Brooks was satisfied with the reasons
so forcibly given by the Senator from Andres
coggin, (Dingley), why the bill should not
pass in its present form. If the bill is not in
definitely postponed, he had other amend
ments to offer.
His motion to strike out see. 8, was adopt
ed.
Mr.. BURGESS of Cumberland, moved that
the bill be recommitted, and it was so voted.
The Senate nome oncurred with the House
in referring to the Committee on Legal Affairs,
petitions of Stillman Wallace and others, and
Henry Stevens and others, for the repeal of
an act to change the time and place of hold
ing the S. j. Court of Washington county,
and referred the same to the Committee on
the Judiciary, on motion of Mr.. KENNEDY of
Lincoln
Mr.. ABBOT, from the Committee on Mer-
camille Affairs and Insurance, reported, as
ought to pass, bill an act to incorporate the
Lisbon Mutual Fire Insurance Co. Mad and
assigned.
Mr.. HUMPHREY, from the same committee, |
on an order relating to what amendments, if
any, may be required TO chapter 2G Of the re-
yised statutes, relating to engine men, fires
and the prevention of fires, reported a bill, |
which was ordered to be printed under the
rule.
This bill provides that whenever any build
ing, or vessel in port, or It's contents, is who'll
iy or partially destroyed by FIRE, unless the
cause thereofis plainly evident, it shall be
the duty of the Mayor of the city, or the mu-
nie'pal authorities of towns, 10 give notice OF
the occurrence Of the fire at once to the sher-
IN or his deputy, who shall summon six good
and lawful men to appear at the place of the
fire, at tine TO be fixed as soon as possible,
TO inquire when, how or by what means the
fire originated, and in case of the non appear
ance OF any person so summoned, the officer
shall appoint some other person to complete
said number, and it shall be the duty OF all
persons so summoned TO appear and act un-
Ter such summons, unless excused for rea.
sonable cause.
A communication was received from tho