Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1901-04-19
NJ oa7--u n NO. 1o5.

CHAPTER 247-H. F. NO. 1o5.
AN ACT to amend the second subd,vision
Of section twenty,seven cd Of chapter
one hundred and nine Q09l OF ne b1nr
dred and seventy-nine qs79l as amend,
ed, entitled can act to conform az
savings banks or institutions for sayings
to uniformity OF powers, rights and , ia.
.hlities. and to provide for the organize
ton Of savings banks, for their super
vision. and for the more efficient pro
tons"
Be it enacted by the Legislature OF tne
state of Minnesota: ,o,
Section /. That the second suodlVlslon
of section wenty-seve CD Of an act en-
titled A act to conform an saVin -
banks or institutions for savings 70 uni
formity OF powers rights and nahlites
savings banks, for their supervision and
for the more efficient protection OF de-
posttors in such nstituti2ns:. BENG nap
Laws Of eighteen hundred and seventy
nine. as amended. be and the same IS
hereby amended to read as follows, to-
wit:
second-Such as shall have been OF may
be purchased by 1t at sales upon the fore
closure of mortgages owned by such COT
poratton or upon Judgment or decree oor
tained or rendered for debts due to 1t, or
in settlement effected to secure sucn
debts, or such us may be conveyed 10
such corporation in exchange. ana as a
part OIL inc COlFSlOeTdlltil LII 4CoA CSS
sold by it: provided. that real estate &C
CURED in exchange shall not be carried on
the books of such corporation at q pf1ce
IN har sSesSs sa tn for eq wh1 CT 1 It is se tak eTsA after
deducttng therefrom the money portion
OF the consideration for which the same
shall be sold, and all real estate acauafeu
as provided In this second subdlVlsloh
shall be sold by such corporation within
ten lO) years after the am shall pc
vested in it, unless upon appllGat1on py
- -z-5 - &-,,r a tho n11h1tH exam
liner shall extend the time within when
such sale shall be made; and 1t shall pc
lawful for any such corporation, with tne
approval In writing. and under the seal
of the public examiner, to change It's
location within the limits Of any city or
town wherain 1t may he established; and
corporation owning a banking house and
lot, may purchase such add,tlonal DO
under the provisions Of subdivision one
~ Of this section as the corporation may
previously owned and occupied shall\be
sold, as provided in this subdivision CON
corning real estate acquired In sat1sfac-
ton of debts or III exchange.
Sec. 2. This act shall take effect and be
in force from and after it's passage.
Approved April II, 1901.
CHAPTER 24s-H. r. NO. 12e.
AN ACT to authorize railroad companies
to extend or alter their lines of road
and to build branches and to designate
the route or line of any or all such eN-
tensions, branches and alterations.
Be It enacted by the Legislature OF the
State Of Minnesota:
Section 1. That any railroad company
existing In whole or in part under the
laws Of this state, or authorized to W
and operate a railroad in this state, may,
by an affirmative vote Of at least two
thirds of its directors. empower its presi-
dent and chief engineer to designate the
route Of any extension or branch that 1t
may thereafter desire CT determine to
foute that it may thereafter desire or
determine to make: but before making or
building any such extension or branch or
alteration, or condenlning any land there
for, the president and chief engineer OF
the railroad company shall, in writing. by
map, courses and distances, or otherwise,
DESIGNATE the route thereof, and after
flaVlng certified to the correctness there
of, file such writing, so certified, with the
secretary of the railroad company. who
shall record the same in a book to be by
road company shall obtain a copy Of that
record, duly certified by its president and
secretary and attested by it's seal, and file
such certified copy with the Secretary Of
State, to be by him recorded, and there
upon such corporation shall have the
same right to make any and all such al
terations and to build any and all such
extensions and ranch as 1t would have
If it had been authorized so to do by its
charter or articles Of Incorporation.
Sec. 2. AL laws inconsistent herewith
are hereby repealed. / I
Sec. 8. This act shall tax effect and be
in force from and after it's passage
Approved April II, 1901. ...