Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1877-03-06

I
yided declare dividends not 10 exceed two and one
half per centum, mi.annually, except as herenai-
ter provided, ut such times as may DC required Iy
their by-aws, among depositoTs OF three months
standing at least, before dividend day The corpo-
ration may by their bylaws include deposits OF lc-r
standing The reserve fund shall be kept oonsi aptiy
ON hand 10 secure against losses and contingencies
until the said reserved fund amounts TO i've per
centum of their assets All loses shal be passed 10
the debit of said account. And when said received
fund amounts 10 i've per centum The assets fany
bank all net profits thereafter made ny ala DARN,
shall be divided every three years rliIbly among
the deposors Of one two ard three tui years stand
ing as extra dividends. No dividends or interest
shall be declared. credited, or paid except ny tie
authority Of vote Of the board Of trustees duly en-
tered upon their records whereon 'hali De recorded
the yeas and nays upon such vote Trustees OF ,av.
ings banks and savings institutions are prohibited
from making any semi. annual dividend OF rate per
eenium which viii make the aggregate amount OF
said dividend greater than the actual earning OF the
bank or institution on hand.
SECT. -. No deposit shall be received under any
agreement 10 pay any specified sum OF intetest Tor
It's use, other than regular semi annual and extra
dividends.
SEcr. u. No savings bank shall BE- required
obliged to pay any depositor i've hundred dollar
ceeding five hundred dollars, after sixty days notice
SECT. % No treasurer OF eDy savings bank, the
deposits of which exceed one hundred and MY
thousand dollars, shall be cashier in national or
stock bank and If the treasurer Of savings bank,
having deposits not exceeding one hundred aud fifty
thoua sand dollars, lie cashier In national or stock
bank. not more IMAM one trustee Oh
shall b. director. nor more than two trustees shall
be stockholders in the nsiional or stock bank, SO
connected herewith. All coin. bils, notes bonds
securities and evidences Of debt, comprising the as.
sets Of said savings bank conf ected with national
stock bank shall be kept separate and apart rom
the assets or property Of such national or stock bank
aud shall also De- kept separate and apart from the
assets or property OF any other bank, banker, cor
porston, partnership, individual or firm.
SEcr. .. All securities owI ed or held by savings
banks shall be kept within this state and the place
OF their deposit shall be selected with reference 10
en- surfing the greatest possible security for their sale
Keeping and rhall be subject 20 the approval OF the
bank examiner.
SECT "a. The treasurer Of every savings bank
shall, on Saturday OF each 4 every week, make
in book kept for that purpose, and said book shall
be open at all times for the Inspection of the trustees
corporators and ex aminer Of banks.
SECr. %. IL shall be the duty Of treasurers OF
% return TO the of cities towns and plan
tatioDs In this state, where persons reside who own
bank stock which Is pledged transferred 10 said
bank as collateral security for loans the names OF
persons pedging transferring such stock and the
amount of the same aud stock 50 pledged or trans
ferred by persons residing out OF the state shall De
returned by the in the same manner 10 the
assessors Of the cities towns, In which the bank
whose stock is so pledged or transferred is located
For the purposes of taxation bank stock so pledged
or transferred collateral security Tor loans SHAH
be deemed the property of the persons so pledgiDg
or transierringit
deposit issued shall notify in writing the treas
urer of the bank Issuing the same that such book Is
lo.t and that such person desires 20 have duplicate
book OF deposit issued 10 him. said treasurer shall
give public notice of such application by publishing
at the expense of such applicant an advertisement.
for three weeks successfully, In some newspaper
published 10 the town in which said bank Is located
or If none is published in said town, then in one
Published in the county, or If none Il published
In the county, then in the state paper; II such
missing seposit book shall not have been pre-
sented TO the treasurer of said bank within SIX
months after the last advertisement then said treas
srer shall issue duplicate book of deposit 10 the
person thus requesting the same and such delivery
of duplicate shall relieve said bank from al ablli-
ty on account Of the original book Of deposit adj
yertised.
SEcT. u. The treasurer OF every savings bank
and institution for savings shall annually make
turn Of the condition and standing thereof at such
time as the bank examiner may designate, which