The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1884-12-25


sueh oo,,orn,iau a, ai..en tinns ,orh Illrr.l
pnssf. ~ nnsush,yssssa rrr., Ic,~ ana Z, ,rv.r..
M strsrs eo,,f.,r,nit, with ~. reaui,,,n.nis 3
lao. And ~h.sr,er such c.sr,ra,i,p shall ~.
fus. or neglect "a cosnply With such order
M - hcuyyc, Il hail sp,,sar % ,hs inspec,ar q
6n.nee tha, Il 4. upss II ~ ,pssgrei for sucl
oDrr.ors,sou 1, continue "a tysussc, business
he shsII prncsod against Such enrrors,ion \
provided IN he p,er,alng SECTIONS rornlatir,
is,,c.otines ngnins, insolyrnt savings hank,
and ,russ eo,nnanles RAT he cours u chan
c.rv before which snch pr.roaiurs shall b
Instituted. before IN. Amendment Of a no
ceiser. shall have power 10 allow such cor
pcrs,inn "a rr.,c.sd ana continue n ,ran~ar-
business In conformity with the requirement.,
OF law. subject 10 such orders. conditions a,
r,s,rietions a. IN, eyid,nc,. N the case ans
The situation 81 the parties and the interest,",
involved shall seem 10 REQUIRE.
''-ass"oee
SIC " The mlsnon~r of savings bank
or savings institution In deed. grant, con,
yeyAnce, contract or other instrument, shall
not vitia'e nor impair the same, " sach cor
pofation u snificienfly described therein u
ascertain the intention OF the parties,
ana restrictions conferred and imposed upon a
savings bank, savings institution or trust
company py is chancr or Act OF incorpora'
hon, are hereby abridged, enlarged or modihed,
as each particular case requires, IN such man
ner iha' each charter or act OF incorporation Is
madc 70 conform 70 the provisions o. TINS
chapter ana 70 such amendments as may he
made thereto ana each corporation shall pos
s,s,i;,.s sn,ara "a a s''a ~ .n,.
sns,n,n, :, IN. 49, :! su's !,
49, '.s -. a.s's.s. =.
,a,on y ,ue oon'lsIy n"'w'.,'S'anu,s.
pu' no'n'ns IN 'n's ~. nhAh "uce' tho 'eehi''
q investments heretofore mAae. or o. trans
actions heretofore had pursuant to the law IN
force when such investments were made OF
transactions had nor 10 require the change Of
investments for those named In this chapter
.xren, as tho sama can ha dona gy.dpally Nv
~ lals ~ r.,,a,n,,,,,n - NJ r;,,ss 81 II,
"a =. s, paon =. VIZ .', - 90 ~ =,
$3.50 y suel i,aahef ~ )" prevent ,pss -
poration, or unnecessary loss or injury TO the
borrowers on such securities.
SEC. 40. trustee or other officer OF a
savings bank, savings institution ortrust com
pany, who intentionally violates any Of the
"
less than one hundred nor more than ten
thousand dollars or imnrisoned M, lass than
~, - 49,. ~ III .''si'
ene w, ~, n,o'r mn, wn s,Ais,ur po.n sur,
nhe ana Imprisonment, IN the discretoh OF
the court and the states attorney for the
county where such savings bank or institution
Is located shall prosecute such violation on
thereof by the insnector ~ finance
Annroyad Nov Ok 1894
-, 80
No 42.--An act relating to officers of savings
banks. savings institutions and trust com.
panies
II Is hereby enacted etc.
y = n'teos WA, yhaoo H. ~, r =, sa,in,s
,anl sav;n,s e ins ad , or trst comnapv
hall hold tbs nfi,ce ~ sacya,arv or cIarr IN
ia saia aor,oro,;n,, tha naaardss ~ snnh 80.
anra S shall hn W, avd
~ tha rres;dant ,haraof nr hy 81" dracto, ~,
(, rus sne ,noinind fnr hat ~ nnpnose "
SEC, 3 ii acts and narts Of fact acts lnconsis-
"a, nn nrnvm' Na are % nel ,ss iepea'ea
f,ppio'o" wv -, ioo'
u Al A., a., 60 ,,al;.a .ha ,.x -, da,os
20. no nn ~. W e9uaii1. 'ne '"1 on u.P
Ns ~ saVIngs Drinks, Swings lnsutu.iohs
and Trust Companies.
{ is hereby enacted, etc:
SEC. /. Section eighteen OF an act entitled
an act to provide revenue for the payment
# State expenses" approved Nov. %, 1852, is
hereby amended SO as to read as follows:
every Savings Bank, Savings Institution and
nd doing business herein, shall pay a tax to
ne State, which Is hereby assessed at the rate
I six-tenths OF one per cent annually upon
nc average amount OF us deposits, ihcluuihR
Money OF securities received AZ trustee under
ruer OF court or otnerwlSe, ana accuIhula-
!. ! ~ ASSETS investeu "a reai esIaIe' owneu "
uch coIp9Iatlon, anu ALSO average alno esI y
ny, OF ih9lylduai deposiM ~ excess Of niteen
undrca doliars each, listed 70 depositors ID
owns III this otate where such uepositorS
e ssn sno.,on .w.n.u =, a.. .o+ >, 700,
e,eLrea 10 ~ tne preceding section r ~
~ asssssd hv tie 80 nrecnd;ns sect;on shall
q navahie one-balf semi- nnuailv IN The
,onths If Febrnarv and An%st and sball he
ased mon tie ayerare amni NJ AZ IT'D deposits
nd accumulations during the six months
arminatinp with the last dav az December or
nne next Dreceedino M other tax shaIj he
ssessed on such deposits or Recommendations. or
yainst the depositors thereof except indi-
idual deposits exceeding in the aggregate
fteen hundred dollars.
SEC. & Section nineteen of the act of 1889.
sferred to in the first section OF this act, Is
ereby repealed.
SEC. 4. This act shall take effect from its
assage.
Approved Nov. DC. 1884.
o. 5O.-An act in addition TO chapter eighty.
saven ~ ,be Rev;sad lave
. Il barabv Enacted 40
SSn 20 'arsN , ueo.
10 y; n.y. wU ,nIg
~ nae i- 80 o,usro pa Wy
aws shall II no have M, snt,ic,ent cs,ata of
i own for that nnrnose' hc sunnorted NJ
,cb asvlnm ~ Tie exncnsc ~ tbe State
SIC ) This act sI,ail fate eisect from To
,ssace go w
Anproved Nov. Of. 1884
-
\ N An ac. In amend,nen, ~ ,,,nhor
y -. -. =" ~. \, " ~ ,ouo ~ ,
ior'y-eigh' Oh inc ac's oi 1907 reiaung totne
insane
Is herby enacted etc..
SEC. J.. Section one q act number forty
ght OF the acts Of 1881, y hereby amended 10
TO- read as follows: No person. except a.
srelnafter provided, shall be admitted to, or |