Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1884-12-19


o. The affair, OTsaid insOlveut in.tituion show
ur the nature and amount of the assets and
liabilities, also true account of the expenses
| incurred by such receiyership. and not prcyi.
! ously reported, giving the items thereof, aud
such report shall be printed with. and as d part
~ the annual report OF the inspector OF IT,
nance.
SEC. AZ. VIII never It shall appear IN the
inspector o. hunnce from anv examination
made by him Jr from any report m lde tu him
pursuant 90 the provision. of Sec. 10 NJ this act
thnt any savings bunk. savings institution or
trust company has committed any violation OF
Us charter or Of law, or Is conducting ils b1si-
ness huu affairs IN an unsafe or unauthur-
lied manner, or has failed % comply with all
The rules, restrictions and conditions provided
hy law, be shall bv = written order delivered 10
the treasurer OF such rporauUn di.
rect such corporation To disc mtluus such
Illegal, unsafe or unauthorized practice.
aud 90 proceed IN strict conformity with the re-
qnrenen', OF law. And whenever such CORN.
ration shall refuse or ueggc, 10 comply with
such order, or whenever it shall appear % the
inspector ui inaune thst u Is unsafe or incxus-
dieul for such corporation 90 continue 90 rtr.-
hct business, DE shall proceed against such cor
pnrHton as provided boo the preceding sections
regulating proceedings against n,ulvsut ave-
hugs banks and trust CImuaniCs. But the rorrt
ut cbanccry before which such proceeding
shall be instituted, before the appointment uf %
leceivef, shall have power 20 allUw sucn corp0-
ration 10 proceed and continue Go tRusart bu.i-
mess DO conformity with the requirement, of
law, subject Go such orders, conditions or re.
strlciions as the evidences no the case and the
situation of the parties and the interests Iu-
VOWED shall seem 20 require.
MISCELLANEOUS.
SEC. 43. The MISSIONER ola savings bank
or savings Institution Ia d deed, grant. convey
anec, contract on other instrument Shall not
vitlate nor impnir the same, % such cOrpufution
Is sufficiently described therein 70 ascertain the
intention Of the parties
SIC. ~. tbs powers, privileges duties and
RESTRICTIONS cJuitrreQ ana Imposed upDn d saw
lugs bank, savings Institution or trust COM
pauy hy iis charter or act OF Incorporation, are
hereby abridged, enlarged or lnodifed 80 each
particular case requires, in such mauuer that
each charter or Ect u Incorporation is made to
conform to the provisions Of this chapter. aud
10 such amendments as may be made thereto
ana each corporation shall possess the pugrr-
nights and privileges. and he suiIjsCt 10 The du-
lien and restrictions and liabilities conferred and
Imposed by tins chapter, anything in their re-
spectve charters or HCts OF incJrpOrati iu 10 the
contrary. notwithstanding. Bus nothing Ia this
ACT shall affect the legality OF investments here
t'iOre made, or Of transactions heretofore had
pursuant 10 the law 30 force when such invest
meut we're made or transactions had, nor 10
require the change OF investments Ter those
named in this chapter. except AS the same can
the securities 80 invested. IN such manner as ~
prevent hIss or embarrassment 90 tue business
OF such corporation. Or unnecessary loss or n.
jury tU the borrowers on such securities,
SIC. 90 A trustee or other officer of a say
inEs bank, savings Institution or trust COM
pany, who Intentionally violates any OF the
provisions OF this chapter, shal be hued not
less than one hundred nor moe than ten thou
sand dOGars, or imprisoned not less IMAM one
year nor more than ten Year,, or 10th sucu nue
anu imprisonment, IN the discretion OF tue
court; AMI the states attorney Tor the cOHnty
where such saving bank OF institution t. lO-
Gated shall prosecute such violation on CON
plant thereof ny the INSPECTOR VI nnAuos.
Approved Nov. p, 1854.
No. 42.-An act relating 70 officers OF savings
bank savings Institutions and trust Uom-
panies
Il De- hereby enacted, etc.
SEC. ], When the treasurer Of savings
bank, savings institution or trust compauy
shall hold TOE ofhtr VI secretary or clerk IN rae
sail cJrpJrhtluu, The recUrds o. snCu corpora
ton suAil lc cJuntersigned and affected by the
president thereof or to, a director or trusIs. A.
JOlated Tor lBai purpose.
sac 2. All acts aud parts Of acts iuconsis-
leai herewith are nerenv repealed.
Approved NV. p, 1854.
No. 45-An act TO equAAze the tax on depos-
us 10 Savings BAuks Savings Institutions
aud Trust Companies.
10 is nrieby ca tcIeI, etc.
SIC !. SeclOu eighteen Of an act entitled
an act 10 provide Ievsnus for TIE pay M nj OF
stale EXPENSE, approved New p, lSS2 4
nerehy amended 10 read ~ iUuo~s.
Every SAVINGS bank, savings Institution and
trust Company Incorporated by th.s STATE Aad
DONG Ugslnrss herein, shall pay tax 10 ID.
state, WHICH Is hrrruy ASSESSED AZ tbs rate VI
SIX tenths OF one per ctut annually upon the Az
eT Mt
OF securities received as trustee unCrI Oruur Uf
court VI otherwise, and Accommodations. deduct
i'g thrreirOm the average AnuuHt Vi lie AsseIs
invested ~ real estate. UHued 10y such cOrpJra-
uOh' AMI ~isO average amount II any. OF midi
vi1uHl deposits IA excess of nfteer hundred
dollars each, listed 10 depOsitOrs IN towns ~
inns otate n mere such dispositions reside.
SIC. :. Section twenty OF the ECi Of 1852
referred To IN the pnrceulnZ section is herroy
amended 70 A. 10 read As lUlOws Ihe lax as
sessea ny Tie preceuing section shall he payable
oue-hali semi ANNUALLY IN tue months OF Fcbru-
Ary aud August, and shall DC base upUn tue
average amount OF IT'S deposits and AcCuaula.
lions curing TIE Elk inUsths terminating Win
TIE last DAY Of December or June next precrd-
Hg. NJ other tAX shall be assessed on such
drpusita Or HccumulAu0ns. or against the de-
P'ssltUrs thereof except individual deposits sx-
ceedlas IA the aggregate fifteen huudrrd dUl.
lars
sac .. Section nineteen OF rhe act o. 1882.
referred 70 IN Ins Hrst section u this act, Is
hereby Repealed.
Sc :. Ins aei shall tAks sfec, from its
passage,
Approved Nov. %. 1885,.
No. 50.-An g-t In a4.itIon 10 chapter eighty
seven Of the Revised Laws.
il o, hereby enacted, etc.
SIC !. Any person now confined or wLo
may hereafter tv confined IN am insane a,g-
laIu Ca tui, state, undcr al Older OF tie court.
pursuant 20 ssC.ioHs 1902 HuI 1903 ot the Re
Vlsrd Laws shall, q be Las not suli-uut estaIs
D Die own Tor tnM pprpuse, ia supported A.
such asyium a. the eNDeuse Of the STATE.
sac. ,, Tins Ert shall take effect from its
passage
Approved Nov. ., 1884.
No. 5l-An act in amendment, OF number
forty eight Of the acts Of 1852 relating 10 the
insane.
II d, hereby enacted etc:
SIC. !. Section ono OF act number forty
eigAt ui The aCts OF 1852, Is hereby amended so
A. 10 read ~ follows NJ peTsun, except as
hereinafter provided, shall be admitted TO, or
detained M an insane asyium, rs patent or in
mate, except upon tue ceTuncate OF such per
sons insanity, made 10y two ply siclan,, LEGALITY
qualified aud residents OF tins STATE, and such
'CrtlucaIe shall contain a statement thst he !,
legally quslihed 20 practice physician, and
the reasons for adJudglus such person Insane
auu shall he sworn 10 10y said phyolcluns before
a person uuly quauhed 10 administer uatls |
And the Two physlrlAus making such certificate
-hull not be members OF the came ir.a. and
neither shall De AL officer Of an insane ASYLUM
900 tuls STATE,
SEC. :. This nc, shall take effect from it,
passage.
Approved Nov. %, 1884.
No. 52-An act relating 10 the insane.
10 is hereby enacted, etc
SIC. /. Section 2S9s Of the Revised Laws Is
hereby amended 30 as 10 read AS f,ll1ty.- T'as