The Republican journal. [volume] (Belfast, Me.) 1829-current, 1877-02-22

and contingencies, until the said fund
amounts TO five per centum of their assets. All
losses shall be passed to the debit of said account
And wien said reserved fund amounts to tive per
centun OF the assets Of any bank, all net profits
thereafter made by said banks shall be divided every
three years ratably among the deposiiors OF one
two and three full years standing, as extra dlyi-
dends. No dividends or interest shall be declared,
credited or paid, except by the authority of n vote
IF the board of trustees, duly entered upon their
records whereoh shall be recorded the yeas and
nays upon such vote Trustees of savings banks
and savings institutions prohibited from making
any semi-annual dividend OF rate per centun
which will make the aggregate amount Of said div
dend greater than the actual earning OF the bank
institution on hand.
SECT. 20. No deposit shall he received under any
agreement to pay any specified sum of interest Tor
its use, other than regular seni-annuol and extra
dividends.
SECT. 2l No savings bank shall he required
obliged to pay any depositor five hundred dollars
or less, until after thirty days' notice. any
exceeding five hundred dollars until after sixty
days notice.
SECT - No treasurer Of any savings bank, the
deposits of which exceed one hundred and fifty
thousand dollars, shall be cashier in a national
stock bank aud ii the treasurer of a savings bank,
having deposits not exceeding one hundred and
fifty thousand dollars, is cashier u national or
stock bank, not more than Que trustee of the
ngs bank snail be director, more than two
trustees shall be stock holders in the national
stock bank, connected herewith. All coin, bills
notes, bonds, SECURITIES and evidences of debt COM
prlslun the assets of said savings bank connected
with national or stock bank, shall be kept sepu-
rate and apart from the assets property of such
national STOCK ana slltll also De kept
arate and apart from the assets or property of any
other bank, banker, cooperation, partnership, ndi
ydual or firm.
SECT. q. All securctes owned or held by savings
banks shall he kept within this state, and the place
of their deposit shall be selected with reference
ensuring the greatest possible security for their
safe Keeping and shall be subject to the approval
of the bank examiner.
SECT. q. The treasurer of every savings bank
sflall, on Saturday OF each and every week, make
and declare trial balance, which shall be recorded
in book kept for that purpose, and said book shall
be open at all times for the inspection of the trus
tees, corpOlatorS and examiner of banks.
SECT. p. 1t shall be the duty Of treasurers Of
savings banks, on the first day Of April in each
year. to return to the Of cities towns and
plantations in this state where persons reside who
own bank stock which is pledged or transferred to
said bank collateral security for loans, the names
OF persons pietSlng or transferring such stock and
the amount of the same; and stock so pledged
transferred by persons residing out OF the state
shall be returned by the treasures in the same
manner to the assessors Of the cities or towns in
which the bank whose stock is so pledged or trans-
ferred Is located. For the purposes of taxation,
bank stock pledged or transferred as collateral
security for loans shall be deemed the property OF
the persons so p!edginS or transferring it.
SECT. DC. When the person to whom q book of
deposit was issued shall notify in writing the treas
urer of the bank issuing the same, that such book
is lost, and that such person desires to have du-
plcate book ofdeposh issued to him, said treasurer
shall give public notice of such application by pub
fishing at the expense Of such applicant an adver-
tsement, for three weeks successfully, in some
newspaper published in the town In which said
bank is located. or none is published In said town,
then in one published in the county, or If none is
published in the county, then In the state paper.
| If such missing deposit book shall not have been
presented to the treasurer of said bank within six
months after the last advertisement, then said
treasurer shall issue duplicate book Of deposit to
the person thus requesting the same, and such de-
livery OF duplicate shall relieve said bank from
all liability account Of the original book OF te
post so advertised.
SECT. 81 The treasurer of every savings bank
and institution torkavings shall annually make re-
turn of the condition and standing thereof at such