Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1884-12-19

TO the treasurer of such corporation direct
such corporation 20 discontinue such illegal
unsafe OF unauthorized practices, and to proceed
in strict conformity with the requirements of
law. And whenever such corporation shall re-
fuse OF neglect to comply with such order,
or whenever it shall appear TO the inspector of
finance that il is unsafe or inexpedient for such
corporation 10 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 or
restrictions as the evidence in the case and
the situation of the parties and the interests
involved shall seem to require.
MISCELLANEOUS.
SEC 43. The misnomer of savings bank
or savings institution in a 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 a
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,
in thaip ,l,o &c
| 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 were 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. A. 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 nor 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. %, 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
the SAID corporation, the records of such cor
pOratiOn shall be cOunterSigned and attesteG
| by the president thereof or by director OF
| trustee appointed for that purpose.
SEC . All acts and parts of acts incOnsis
tent herewith are hereby repealed.
Approved Nov. %, 1854
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 revenue for the payment
hereby amended so as to read as follows
Every Savings Bank, Savings Institution and
! Trust Company incorporated by this State
. and doing business herein, shall pay a tax tC
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-
| tons, deducting therefrOm the average amount
of its assets invested in real estate, owned by
such corporation, and also average amount, il
| 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 in the preceding section is
! hereby amenGed 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 OF
June next preceding. No other tax shall be
assessed on such deposits or accommodations, OF
against the depOSitOrs thereof except indi-
yidual deposits exceeding in the aggregate
| fifteen hundred dollars,
SEC. 3. Section nineteen of the act of 1882
referred to in the first section of this act, is
hereby repealed.
! SEC. 4. This act shall take effect from its
passage.
Approved Nov. %, 1884
No 50,-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 il
this State, under an OrderOf the court, pursu.
ant to sections 1902 and 1903 of the Revised
| Laws shall, if he have not sufficient estate OIL
his own for that purpose, be supported al
such asylum at the expense of the State.
SEC 2. This act shall take effect from its
passage.
Approved Nov. %, 1884.
| 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 l. Section one of act number forty
eight of the acts of 1889, is hereby amended SC
as to read as follows: No person, except as
hereinafter provided, shall be admitted to, OF
detained in an insane asylum, as patient OIL
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
physician, and the reasons for adiudging 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. 2. 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. l. Section 1898 of the Revised Laws
! is hereby amended so as to read as follows
| The supervisors shall visit the Vermont
| cy1u FOR tho TnSona at Rratt1nhorO DC oftap