Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1878-03-07

their deposits in the public funds Of any of the
New England States, including the bonds Of the
counties, cities and towns Of the same; in the pub
lie funds of the United States; in the stock of any
bank or banking association Incorporated under
authority of this state, or of the United States;
In the munic pal bonds of cities of twenty thousand
inhabitants, or more of the states of New York,
Ohio Indiana, Illinois, Michigan and Missouri, and
in the public funds Of each of the above named
states, and county bonds in the same states, when
not issued in aid of railroads; provided, that in
vestmcnt sh all he made in the bonds Of the several
cities and counties of the states Of Indiana Illinois
and Missouri, with the exception of the city of st.
Louis, in the State Of Missouri, where the munich
pal Indebtedness of such city county exceeds five
per centum of its valuation; in the first mortgage
bonds of any railroad company or other corpora
ton Incorporated under the authority Of this state;
in the stocks of any such railroad company which
Is unincumbertd by mortgage; in the stock and
tonds of any other corporations Incorporated under
the authority of this state which earn and are pay
ing regular dividends Of not less than six per
centum per annum; and may invest by loan on first
mortgages of real estate situate IN this state not
exceeding sixty per centum of its value; and may
loan to county, city or town; and notes with
pledge as collateral OF any of the aforesaid secur-
tiles, including savings bank deposit books of any
savings bank in the state and the stock of any of
said railroad companies, not over seventyive per
centum of the market value Of such stock, and may
loan to said corporations, personal securities.
with at least two good and sufficient surctes when
the securities pledgei are their own bonds and
stocks; and may also Dan on such other personal
securities as in the judgment of the trustees 1t will
be safe and for the interest of the bank to accept
All Investments shall be charged and entered on
the books of the bank at their cost to the bank
at par when premium is paid
approved Feb. p. 1881
AN ACT to amend chapter forty EIGHT Of the Public
Laws of eighteen hundred and seventy five, re-
ing to the Public Debt.
Be enacted by the Senate and House of Representa-
tiuss an Legislature assembled, as JoHoos:
That the act entitled IAN act renewing portion
of the Public Debt, disseminating the Sinking Fund
of eighteen hundred and sixty five, and abol ishns
the office of Commissioner Of the Sinking Fund"
approved by the governor February twenty four,
eighteen hundred and seventyiiv he and hereby is
amended, as follows striking out the word "six,"
In section FIRST, eleventh line, and inserting the
word five, 50 that said section as amended, shall
read AS follows;
Section |. For the purpose of renewing and
extending the outstanding and uncancelled bonds
OF this state issued by the authority of the several
resolves approved January thirty first, eighteen
ssn ana ana Mare
| nineteenth eighteen hundred and sixty -four and
maturing March first, eighteen hundred and
and eighty, AMI June first. eighteen hundred and
shty-nin respectively, the treasurer of state is
hereby authorized to issue new bonds OF this state,
in sums not less than five hundred dollars each,
with coupons attached for the payment OF interest
at five per centum per annuIn, payable semi
annually, and both principal and interest payable
IN Boston or at the treasury OF Maine, AT the option
Of the holder. The bonds so issued shall he pay
able to the amount Of two hundred thousand dol
lars, in eighteen hundred and ninety, and to the
amount of two hundred thousand dollars each sue
cecdtng year. Each bond aforesaid shall he signed
by the treasurer countersgne by the governor,
and ateSted by the secretary of state with the seal
Of the state, but the coupons shall be signed only
by the treasurer, the name of the treasurer may
be engraved on said coupons, as the governor and
council may direct. The bonds authorized by this
section shall he executed and issued only as they
he substituted for ut least an equal amount OF
the outstanding and uncanccled bonds of the state
which they are Intended to renew and extend and
when such outstanding bonds received by the
treasurer. they shall be cancelled, and record
and report thereof made, as provided by section
three OF this act (ApprOved Feb. 81, lo1s.)
Oh tpter ST.
AN ACT to amend section twelve of chapter ono
hundred and twenty two OF the Revised statutes,
relating to corrupt agreements by attorneys and
others.
BE enacted by the Senate and House Of Representa-
tiUes an Legislature assembled. as follows
Section twelve chapter one hundred and twenty