The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-05-03
CuApTER 72-H n NO IA

t1on at law or IN equity now penulns.
Sec. 8. This act shall take effect and be
in force from and after it's passage.
Approved March "a, 1897.
CHAPTER 72-H. F. NO. IA.
AN ACT to legalize certain interpretations
of villages under chapter one hundred
and forty-five Q45) of the general laws
of eighteen hundred and eighty-five
QSS5), and the several acts amendatory
thereof
Be it enacted by the Legislature of the
State of Minnesota:
Section l. That in all cases where there
has been heretofore an attempted forma-
ton ard organization of village under
the provisions of chapter one hundred and
forty-five Q45) of the general laws of
eighteen hundred and eighty-five QSS5),
and the several acts amendatory thereof,
and the petition, copy of notice of cleo
ton and certificate of inspectors of cleo
ton has been filed in the Office of the reg
lister of deeds of the proper county, and
said village has in fact proceeded to act
as an incorporated village, and transact
and carry on business as such village, in
the corporate name assumed by it, such
attempted formation and organization of
such village, under the name assumed, in
each and every such case is hereby legal
lied and declared a valid and effectual
formation, organization and incorporation
OF such village, under the assumed name,
from and after the time of the actual fill
ing as aforesaid, of such petition, copy Of
notice of election and certificate of in
spectors of election, Notwithstanding the
omission of any matter or thing by law
prescribed to be observed in the Organiza-
ton or Incorporation Of such village,
and notwithstanding any defect in such
petition, notice of election or certificates
of inspectors of election. And any and
all conveyances of property, real or per-
sonal, in good faith and lawful form,
made to or by any such village under the
corporate name so assumed, and any or
dinances, resolutions or bylaws adopted
hpreDV
legalized and declared as valid and effect
ual as if such village had been originally
in all things duly and legally incorpo-
rated Provided, that nothing in this act
shall be construed to legalize or validate
the attempted Incorporation of any village
which embraced or attempted to embrace
within it's territory any tract or tracts of
lands not lying so near or in such close
proximity to the plated portion of said
village as to be suburban in character
and to have some unity OF interest with
tenance of village government. Pro-
vided further, that nothing herein shall
affect any action or proceeding now
pending.
in force from and after its passage.
Approved March "a, 1897.
CHAPTER 18Th. r. NO. 2OS
AN ACT to legalize the act of county
commissioners in purchasing land and
building sheriff's residence thereon in
certain cases, and authorizing them to
maintain the same.
Be it enacted by the Legislature Of the
State of Minnesota:
Section 1. That all acts and proceedings
of any board of county commissioners,
wherein such board of commissioners
shall have purchased land for the purpose
of constructing sheriff's residence there
on, and wherein such board of county
commissioners shall have built or caused
to have been built and maintained sher-
ifs residence separate and apart from
the common jail of such county, are here
by legalized and declared valid, and the
board of county commissioners of any
county in this state in which a sheriff S
residence has heretofore been built by the
county separate and apart from the COM
mon Jail therein are hereby authorized
and empowered to continue to keep Qp-
crate and maintain the same in behalf Of
like manner as in counties wherein the
sheriff residence is maintained in con-
nection with the common Jail Of such
county.
in force from and after it's passage.
Approved March a. 1897.
CHAPTER 74-H. F. NO. $685.
AN ACT to amend section twenty-eight
of chapter one hundred and nine of the
general laws of the State of Minnesota
for the year eighteen hundred and sew
enty-nine, being an act entitled An act
to conform all savings banks or insti-
tutions for savings to uniformity of
powers, rights and liabilities, and to
provide for the organization of savings
banks, for their supervision, and for the
in such Institutions" approved March
eleventh, eighteen hundred and seventy
nine, and the several acts amendatory
of such section.
Be it enacted by the Legislature Of the
State of Minnesota:
Section l. That section twenty-eight Of
chapter one hundred and nine of the gen.
eral laws of the State of Minnesota for
the year 0S79), said chapter being an act
entitled can act to conform all savings
banks or institutions for savings to uni
formity of powers, rights and liabilities,
and to provide for the organization of
savings banks, for their supervision, and
for the more efficient protection of depos-
itors in such institutions, as said section
has been since amended and now reads
be, and the same is hereby further amend
ed so that it shall hereafter read as fol-
lows, to-wit:
Sec. %. 1t shall be the duty Of the
trustees of any such corporation, as soon
as practicable, to invest the moneys de-
posted with them in the securities named
in the twenty-siXth section of this act,
except that for the purpose of meeting
current expenses and payments in excess
of receipts, there may be kept an availa-
BILE fund of not exceeding fifteen per cent
UNI of the whole amount of deposits with
such corporation, and the same may be
kept on hand or may be deposited in
banks and trust companies in the State of
under the laws of the United States; and
in trust companies and banks in the City
of New York. in the State of New York,
and in the City of Chicago, in the State
of the state within which such cities are
respectively situated, or of the United
States; but the sum so deposited in any
one bank or trust company shall not ex-
centrum of the
tai and surplus of such bank or trust
company, or such available fund, or any
part thereof, may be loaned upon pledge
of the securities, or any of them. named
in subdivisions one. two, three, four and
five of section tWenty-siX, but not in ex-
cess of ninety per centum of the cash
market value of such securities so
pledged, nor in excess of the par value
thereof; and should any of the securities
so held in pledge depreciate in value,
after making any loan thereon, it shall
be the duty of the trustees to require the
immediate payment of such loan or of a
part thereof, or additional security there
for, so that the amount loaned shall at no
time exceed ninety per centum of the
the same. And whenever any bank, bank
ing association or trust company, indebt-
ed to any savings bank organized or do
ing business under this act, becomes in
against such bank, banking association or
trust company shall be paid before that
of any other creditors, except only the
United States and the State of Minnesota
Sec. 2. This act shall take effect and be
in force from and after it's passage.
Approved March &c, 1897.
CHAPTER '75-H. F. NO. 40.
AN ACT to amend chapter ITO of the gen.
eral laws of 1893 providing for taxation
for educational purposes.
Be it enacted by the Legislature Of the
State of Minnesota:
Section l. That chapter ITO of the gen.
eral laws of the State of Minnesota for