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

or appropriate any " it funds o. his own private
purposes, under the penalties imposed BY law Tor
SEcT 81 Money deposited by q married woman
or minor Is the property " and % Do paid 90 the
depOsitor or order and = not the property ~ the
husband or parents and such depositor> NAV MAIN
tain actions In their names against the bank %
recover their deposits. but this section SHAH not
apply % any money fgaululcntly deposited by or In
the name Of q married woman or MINOR. belonging
% a third person. The N ceipt. OF such married
minor for such deposits aud Interest -
Any part thereof shall De valid release and dis
charge 90 The corporation.
SECT g. Two Of the trustees. 40 least. shall once
in each year, thoroughly examine the Affairs Of the
corporation settle the treasures account and r.
port under oath 90 the bank examiner the stand NJ
Of the corporation the situation ut is funds and AT
other matter which the examiner requires IN man
ner and according % ths form he prescribe. Aud
the examiner shall seasuuablY give notice Of the time
aud furnish blanks Tor said examination and return.
SECr % Savings Institutions and trust and loan
associations shall Dc under the charge OF the bank
examiner for The purposes Of examination HesbAl
visit every savings bank. institution fJT saving and
trust and loan association Incorporated By authority
Of this state once In every year and a. much OF
a. he may d., N eNpsdieut. A. such visits he shal
have free access 90 the vaults books and papers. and
shall thoroughly inspect and examine all the Affairs
OF each OF said corporations and make such inquiries
a. may De necessary 90 Ascertain is condition, 2bity
@ fulnN al it, engagement and whether u has
compiled with the provisions OF law. he shall pre-
serve. IN permanent form. full record Of bis pro-
ceedings. including statement Of the condition OF
each OF said corporation. copy % which statement
shaN % publ he'd by such corporation immediately
after the examination Of the same, IN newspaper
the place where such corporation : established
or II there De no newspaper IN such place then IN
newspaper published az The nearest place thereto.
SECr a. The examiner may summon al trustees,
officers. agents OF any such corporation, ana ssch
other witnesses be thinks proper In relation % the
aairs transactions and condition OF such corpora
ton, and for that purpose may administer oatas
and whoever refuses. without Justinable cause, 10
appear and testify when thereto required, or Oh
structs said examiner IN the discharge Of his duty,
shall D. punished BY tine rOt exceeding one thou
sand dollar. or Imprisonment Tor term n0i exceed
ing two years.
SEcr s.. H. upon examination Of any such cor
poratiOn the examiner j. OF the opinion that the
same is insolvent or that its condition Is such as 70
render - further proceedings hazardous 20 the pub
lie or those having FUNDS In It's custody he shall e-
ply. or II upon such examination he = Of opinion
that such corporation has exceeded It's powers or
faxed 20 comply with any of the rules, RESTRICTIONS
or conditions provided By law, he may apply 20 one
Of the justices Of the supreme judicial court - issue
Injunction % restrain such corporation IN VINO g
or in part from further proceeding with its business
Until 4 hearing can De had. such justice may forth.
with issue process for such purpose and after iOl
hearing Of the corporation may dissolve or modify
the injunction. or MAKE the same perpetual, ana
make such orders and DEGREES O. suspend, restrain
or prohibit the further prosecution OF the business
OF the corporation. may D. nsediul IL the prem
is according 70 the course Of proceedings In cui-
~, and be may appoint one or more receivers or
trustees @ take possession OF the property ana 81
fects Of the corporation. subject 70 such rules and
orders a. nav from time 90 time be prescribei by
the supreme judicial court or any justice thereof IN
vacation. such receivers OF trustees shall Snnuaiy
in the month Of November ana az such other times
a the bank examiner may require make report 70
him Of the progress made in the settlement OF the
Affairs Of said corporation. and the examiner shall
easlnaby give notice OF the time and furnish blanks
for the report.
SECr. IS Whenever any savings bank. Institution
for SWING or trus- ana loan association, shall oe
i9s0iyent BY OF loss by depreciation Ia
tie value any Of its Assets without the fault Of
the trustees thereof the supreme Judicial court, IN
term tine or any Justice thereof in vacation. shall
petition, writing Of majority Of the trustees
and the bank examiner setting forth such facts APP
point a time for the examination Of the Affairs of
such corporation and cause notice thereof 20 be
given % al parties Interested in such manner as
may De prescribed; and. n upon an examination =;
is assets and liabilities and from other evidence he
shall be satisfied oft facts SCI forth in said petit
ton, and that the corporation has not exceeded It's