St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1884-12-18

by law, he shall by a written order delivered
to the treasurer of such corporation direct
such corporation to discontinue such illegal
unsafe or unauthorized practices, and to proceed
in strict conformity with the requirements of
law And whenever such corporation shall re-
fuse or neglect to comply with such order.
or whenever it shall appear TO the inspector of
finance that it is unsafe or inexpedient for such
corporation to continue to transact business.
he shall proceed against such corporation as
provided in the preceding sections regulating
proceedings against insOlvent savings banks
and trust companies. But the court of chan
Gerry before which such proceedings shall be
instituted, before the appointment of re-
ceiver, shall have power to allow such cor
poration to proceed and continue TO transact
business in conformity with the requirements
of law, subject to such orders, conditions
restrictions as the evidence in the case and
the situation of the parties and the interests
involved shall seem 10 require.
MISCELLANEOUS.
SEC 43. The misnomer of savings bank
or savings institution in deed. grant con-
veyance, contract or other instrument shall
not vitiate nor impair the same, if such cor
poration is sufficiently described therein TO
ascertain the intention of the parties.
SEC. A. The powers, privileges, duties
and restrictions conferred and imposed upon
savings bank, savings institution or trust
company by its charter or act of incorpora-
ton, are hereby abridged enlarged or modified
as each particular case requires, in such man
ner that each charter or act of incorporation is
made to conform to the provisions of this
chapter. and TO such amendments as may be
made thereto; and each corporation shall pos
Sess the powers, rights and privileges and be
subject to the duties and restrictions and liza
bilities conferred and imposed by this chapter.
anything in their respective charters or acts of
incorporation to the contrary, notwithstanding.
But nothing in this act shall affect the legality
of investments heretofore made, or of trans
actions heretofore had pursuant to the law in
force when such investments We're made or
transactions had, nor to require the change of
investments for those named in this chapter,
except as the same can be done gradually by
the sale or redemption of the securities so in
vested, in such manner as to prevent loss or
embarrassment in the business of such cor
poration, or unnecessary loss or injury to the
borrowers on such securities.
SEC. 40. A trustee or other officer of a
savings bank, savings institution or trust com
pany, who Intentionally violates any of the
provisions of this chapter, shall be fined not
less than one hundred more than ten
thousand dollars, or imprisoned not less than
one year nor more than ten years, or both such
fine and imprisonment, in the discretion of
the court; and the states attorney for the
county where such savings bank or institution
is located shall prosecute such violation on
complaint thereof by the inspector of finance.
Approved Nov. p, 1884.
No. 42.-An act relating TO officers of savings
banks, savings institutions and trust COM
panieS
1t is hereby enacted. ETC.:
SEC. l. When the treasurer of a savings
bank, savings institution or trust company
shall hold the office of secretary or clerk in
a.,
poratiOn shall be countersigned and attested
by the president thereof or by a director or
trustee appointed for that purpose.
SEC. p All acts and parts of acts inconsis-
tent herewith are hereby repealed.
Approved Nov. p, 1884.
No. 43.--An act to equalize the tax on depos-
its in Savings Banks, Savings Institutions
and Trust Companies.
1t is hereby enacted etc:
SEC. l.. Section eighteen of an act entitled
AN act to provide a revenue for the payment
OF State expenses approved Nov. IS. 1882, is
Every Savings Bank, Savings Institution and
Trust Company Incorporated by this State
and doing business herein, shall pay tax to
the State, which is hereby assessed at the rate
OF SlX-tenthS of one per cent annually upon
the average amount of its deposits, including
money or securities received as trustee under
order of court or otherwise, and accumula-
lions, deducting therefrom the average amount
such corporation, and also average amount. if
any. of individual deposits in excess of fifteen
hundred dollars each, listed to depositors in
towns in this State where such depositors
reside.
SEC. .. Section twenty of the act of 1882
referred to i'll the preceding section is
hereby amended so as to read as follows: The
tax assessed by the preceding section shall
be payable one-half Semi-annually in the
months of February and August, and shall be
based upon the average amount of its deposits
and accumulationS during the six months
terminating with the last day of December or
June next preceding No other tax shall be
assessed on such deposits or Accommodations, or
against the depositors thereof except indi-
vidual deposits exceeding in the aggregate
fifteen hundred dollars.
SEC ;. Section nineteen OF the act of 1882
referred to in the first section of this act, is
hereby repealed
SEC /. This act shall take effect from its
passage.
Approved Nov. pc, 1884.
No. 5O,-An act in addition to chapter eighty
seven of the Revised Laws.
1t is hereby enacted, etc:
SEC. l. Any person now confined or who may
hereafter be confined in any insane asylum in
this State, under an order ROT the court purSu-
Laws SHALL if he have not sufficient estate of
his own for that purpose, be supported at
such asylum at the expense of the State.
SEC. >. This act shall take effect from its
passage.
Approved Nov. %, 1854.
No. 51.-An act in amendment of number
forty eight of the acts of 1882 relating to the
insane.
1t is herby enacted, etc.:
SEC. /. Section one of act number forty
eight of the acts of 1882, is hereby amended so
as to read as follows: No person. except as
hereinafter provided, shall be admitted to, or
detained in an insane asylum. as patient or
inmate, except upon the certificate of such
persons insanity. made by two physicians,
legally qualified, and residents of this State.
and such certificate shall contain statement
that he is legally qualified to practice as a
physician, and the reasons for adjudging such
person insane, and shall be sworn to by said
physicians before person duly qualified to
administer oaths. And the two physicians
making such certificate shall not be members
of the same firm, and neither shall be an Off
Ger of an insane asylum in this State.
SEC. .. This act shall take effect from its
passage.
Approved Nov. %, 1884.
No. 52.-An act relating TO the insane.
1t is hereby enacted, ETC.:
SEC. /. Section 1898 of the Revised Laws
is hereby amended so as to read as follows ::
The supervisors shall visit the Vermont
Asylum for the Insane, at Brattleboro as often
as occasion requires, and one of the board as
often as once month, and also any other
this State, at their discretion; shall examine
into the condition of said asylum, or such other
places where insane persons are confined, the
management and treatment of the patients
therein, their physical and mental condition
and medical treatment, hear the grievances