Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1873-04-01
Chapter t1i.

Chapter III.
AN ACT sdditilral 10 aad am, udaiory OF chapter
-pyenty.four Of tho pubi laws Of rsite. n luu-
DIRE and rev nty-two. relstng - savings Banks.
Be T. sf.rctcd &c. as follows;
SECr. !. section two of chapter scventv-iOur OF
the pablo laws OF sigutcsn hGndrrd aui s.VcptytSo
l. hereby fm sndrd by rting cut tie wCri locr n
the tenth line Inserting the word two b, Sc liz
Ing ol' the w0ris three and tur IN the eieicud
and twelfth lines. and setting the word and be-
fore the word ESQ n tie eleventh liae. and by
striking ont the words 'this act IN the thirteenth
lne aud inserting TIE act 10 hch this Is additi-u
al and ameudziory.' SO that said se.iyn, Is
amended. shall read a. lloNs.
'sECr... The tru,te,s shall. once IN six months.
after setting aTar from the tarnirg' OF tie corpora.
uln the amount required bT section ninety hrte OF
chapter ioryseyen Of the revised staiues. for r.
seNet fund. dec are dividend. not TO exceed th'to
per cent ,eini-annually al such times may be Re-
quired by their bylaws, among dcpc- tris uf thr,e
mon rs staudn a east before dividend day. bus
the corporation may bg their bylaws include de-
iosts OF less standing Any balance Of catnngs
the aid three per cent. IN annually, and the
-urn required for a reserved fund, taNe- and eN-
psn.cs. may once In two years be divided among de-
positnrs on their balances Of one aud two years
siandug ratabiy. said two year, 10 begin at the
date of the next dividend after the approval ofthc
set % which this is additional aud anendaiory. or
the date Of commencing business u new banks No
deposit shall De received uaderan agreement 20 pay
any specified sum.t interest tor it, use, other than
regular semi-annual dividends. except when depos-
tied BY order OF SONS court Of competent Jurisdie-
tion'
SECT 2 Section four Of the same chapter is here
by amended a. 10 read g. follows;
SECT g. II shall be the duty Of treasurers OF saw
ings banks the nrst day of April in each year. To
return TO the OF cities towns and plauta-
iiOns in this State. where persons reside who own
bankstock when i pledged or transferred 10 said
bank Is collateral security for loans, the names OF
persons pleigng transferring such stock and the
amount OF the same, and stock so pledged or trans
rrred by persons residing out Of the state shall bo
returned By the treaSurers in the same manner to the
assessors of the cities towns In which The bank
whose stock Is pledged transferred is located
For the purposes OF taxation, bank stock pledged
transferred collateral security for loans, shall
be deemed the property OF the persons SO pedgng or
transferring IL.
SEcr g. In case any savings bank or banks have
turns as pr0yd IN the act To which This Is add.
tiOnal, the treasurer Of State shall take the last
return Of deposits made % the bank tNamit er by
sid bank or banks, with twenty per cent. addition
al "a the D asis which 20 estimate the unt Of
tax due from such delinquent bank, aud issue his
warrant Of distress accordif -.
SECT. 1. When the pers n 70 whom book OF de-
pO>t Issued sha no iy in writing the treasurer
OF bank issuing the same, that suoh b. ok IL los
of d posi issued TO Tim, said treasurer shl give
public notice of such app iCati0u by publishing at
the expense Of such app icant an advertisement for
three weeks successive y In some newspaper pub
shed in the town ia viii said bank Is located. or
fnOne l. published in aid town then In one published
in the county or Is pub isled In the county,
then In the State paper. If such mis- ing deposit
book shall not have been presented 10 the treasurer
Of said bank within six months at eT the lat adyer
tisement. then said treasurer shall issue duplicate
book ofdeposit 10 the per-on thus requesting tho
same, and such delivery Of q dupli ate shall relieve
said bank from all liability cunt Of tie origin
A. book OF deposit 50 adv rtised.