The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1877-02-27

amount of the mortgage debt to be refunded in case
of redemption.
SECT &c. No officer of the corporation shall use
or appropriate any of its funds to his private
purposes, under the penalties imposed by law for
embeZZlement.
SECT. 81. Money deposited by a married woman
Or minor is the property of and to be paid to the
depositor order, and is not the property of the
husband or parents; and such depositors NAV main
tain actions in their against the bank to
recover their deposits; but this section shall not
apply to any money fraudulently deposited by or in
the name of a married woman or minor, belonging
or uoS epops al ana CD
any part thereof, shall be valid release and dis
charge to the corporation
In each year, thoroughly examine the affairs of the
corporation, settle the treasurers account and re-
port under oath to the bank examiner the standing
of the corporation the situation Of its funds and ali
other matters which the examiner requires in man.
ner and according to the form he prescribes. And
and furnish blanks for said examination and return
SECT. 49, Savings institutions and trust and loan
shall be under the charge Of the bank
visit every savings bank, institution for savings and
trust and loan association incorporated by authority
OF this state once in every year. and much ofener
as he may deem expedient At such visits he shall
nave tree access to the vaults books and papers, and
shall thoroughly inspect and examine all the affairs
OF each OF said corporations and make such INQUIRIES
as may be necessary to ascertain its condition. ability
to fulfill al! its engagements, and whether it has
serve in permanent FORM full record of his pro-
ceedings, including statement of the condition of
each OF said corporations copy of which statement
after the examination of the same, in newspaper
in the place where such corporation is established,
or there be no newspaper in such place then in
SECT. "a. The examiner may summon all trustees,
officers or agents Of any such corporation and such
affairs, transactions, and condition of such corpora
ton, and tor that purpose may. administer oaths;
appear and testify when thereto required, or OBJ
structs said examiner in the discharge of his duty
shall be punished by fine not exceeding one thou
sand dollars, or imprisonment for term not exceed
SECT. IS. IT, upon examination of any such cor
poration, the examiner is of the opinion that the
render its further proceedings hazardous to the pub
lie Or those having funds in its custody he shall ap
that such corporation has exceeded its powers or
failed to comply with any of the rules restrictions
or conditions provided by law, he may apply to
OF the justices OF the supreme judicial court to issue
an injunction to restrain such corporation in whole
or in part from further proceeding with its business
until hearing can be had. Such Justice may forth.
with issue process for such purpose and after full
nearing OF the corporation. may dissolve modify
the Injunction. or make the same perpetual and
make such orders and DEGREES to suspend restrain
or prohibit the further prosecution of the business
OF the corporation, as may be needtul in the prem
ises according to the of proceedings in equi
ty; and he may appoint one more receivers or
trustees to take possession Of the property and eff
fects of the corporation, subject to such rules and
orders as may from time to time be prescribed by
the supreme judicial court any justice thereof in
vacation. Such receivers trustees shall annually
in the month of November, and at such other times
as the DanK examiner may require, make report to
him of theaprogress made in the settlement of the
affairs of said corporation, and the examiner shall
seasonaby give notice of the time and furnish blanks
for the report
SECT. IS. Whenever any savings bank, institution
for savings, or trust and loan association, shall be
insolvent by reason Of loss or Interpretation in
the value Of any of it's assets without the ault of
the trustees thereof the supreme judicial court in
term time, or any justice thereof in vacation, shall,
and the bank examiner, setting forth such facts ar
point time for the examination Of the affairs IF