Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-03-29
spd inserting In place

yhole Of said secs.,e sad inserting in place
thereof the following! ....,,.,1.,.
for savings are restTic6pd to and hereafter nay
invest their deposits inihs public funds Of any
Of the New England states, Including bonds Of
S1Sd n S e sd uSsd & sss snS
trict Of Columbia; in the stock OF any Dank OF
banking association incorporated under Az
tn9sity Ct ths state In the STOCK 81 any the
authority Of the United States, If located within
the New England statess In the public fun0s OF
the states Of New York, PennsylySnia. A m,y
constn, Minnesota, Iowa, Illinois, missouri,
Kansas and Nebraska; in the bonds issued for
municipal purposes, which are direcs oDngae
ten thousand inhabitants or more, or of any
county of twenty thousand inhabitants or
more; except when issued in aid OF rallroaas,
bonds Of counties and cities otherwise comply.
ing with the foregoing conditions, lssueo ~
take up Mt maturity bonds which were tcSna
and institutional when issued, on wnic1 au 10
interest has been fully paid, and for al iea -
five years last past prior to such refunong IN
the bonds and obligations OF school olsdact
boards boards OF education. and other coIRS ;r.
ate bodies authorized to issue Donos wltHiis
such cities, payabie primarily from taxes ievico
on all the taxable property in such ossrac.,
provided, that the population Of the distIic1 y
assessed valuation Of the district are equal TO
at least ninety per cent Of the p0pulauon AN. Anu
assessed valuation of the city: prov1aeg1 u ~
any counties, cities or districts OF the states
above named except cities and dlstrictS having
population of seventy-f five Thousand OF AolS,
where the net municipal inde6te9nesaeOl stc ~
county. city OF district exceeds i've per cent OF
the last preceding valuation OF the PioPe e,y,
therein for the assessment of taxes. Inc serm
net municipal Indebtedness OF counties as nssu
in this section, shall be construed 10 mciuuo
all bonds which are direct oDllgation OF InS
county less the amount of any sinking fnnd
available in the reduction OF such oeDt. Inc
term net municipal indebtedness OF Clties anu
districts as used in this section, shall be con-
strned to include in the case OF either NOT oniy
all bonds which are q direct OD1gatlOn OF inc
cities but also all bonds OF the 6,ssr aa,a Ir
exclusive of any such debt created for WAFER
supply and of the amount OF any SINKING Iuno
available in the reduction OF sucn deDt; IN InS
first mortgage bonds of any completed rail-
roads of the states above named togctner WIN
New Jersey, and In the first mortgage Don0s OF
the Central Pacific, Union Paclnc anu NortneIn
Pacific Railroads, and In the railroad Donos OF
this state; in the stock of any dividend paying
railroad in New England; and In the STOCK and
mortgage bonds of any other railroad leased
to the Of
dividend upon the stock OF sucn leased roaI
and the interest on its bonds; in the stocks OF
any railroad company OF this state u9i9 st,ea,
railroads excepting those already constructed
in this state, shall be purchased, unless an
amount OF capital stock equal 70 Lnirty'areSee
and one.third per cent Of the mortgage debt
shall have been paid in, in cash, and expended
upon the road, evidenced by a ceroncate OF tne
railroad commissioners, filed in the ONCE OF
been SO paid in and expended, In addition to
the amount of the bonded debt; in the mort
gage bonds of any water company In TINS
state and New aampsns; , ac.na n n
village or villages or other municipal corpora
lions, water for domestic use and for the extin.