The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1901-01-16

TO ali the liabilities Of street railroads
under the laws OF ths~tate.
Section 3. This act shall take effect
when approved.
CAPITAL OF CORPORATIONS.
Among the important measures pre-
sented today, in the Senate was the fol-
lowing, introduced by Mr.. Noble Of
Franklin;
An act relative to the Issue Of capital
stock and bonds. BY quasi public cor
porations:
Section Railroads, street railway,
Telegraph telephone, gas, electric light,
aque1uct and water companies, whether
organized under general laws or special
charter, and however authorized TO issue
capital stock and bonds, shalt Issue only
such amounts Of stock and bonds as may,
from time 60 time, upon investigation by
the Board OF Railroad Commissioners, be
deemed and bs voted by than, TO be rea-
sonably requisite for the PURPOSES for
which such issue OF stock or bonds has
been authorized. The said board snau
announce their decision within thirty
days nom the date OF the last hearing,
upon the application OF any such COM
paDy for permission for any such stock or
bonds. The vote OF the board approving
such issue shall specify the respective
amounts of stocks and bonds authorized
to be issued for the respective purposes TO
which the procesds thereof are TO ne APP
piled Any such decision and vote OF the
board of Railroad Commissioners shall
be filed in writing in the Office OF the
said board within seven days after the
rendering thereof, and shall assign IN
writing reasons for the decision, A cor
ttficate setting forth the vote of the board
shall, within three days after said vote,
shall be flied In the Office OF the Secretary
OF State before the certiftcation OF STOCK
or the bonds are Issued, and no company
incluuBd in the terms Of this act shall
apply the proceeds OF such stock or bonds
to any purpose not specified In such Ger.
tificate. Nothing contained In this act
snail De construed as impairing any ex.
igting requirements Of law In relation 60
the issue Of capital stock or bonds by any
such companies, provided such require
ments are not inconsistent herewith.
Section g. Any member OF the board
of directors or any treasurer or other
officer or agent OF any company inoiuoeo
in the ttIms of this act, who knowingly
votes to authorize the issue OF, or Know
ingly signs, oertifies, or issues stock or
bonds contrary to the provisions OF this
act, or VINO knowingly votes TO authorize
the application OF, or knowingly apples
the proceeds of such stock or bonds con-
trary to tha provisions OF this act, OF who
knowingly assumes or incurs. In the
name or IN behalf of such corporation,
any debt or liability, except for the legiGl-
mate purposes OF the corporation, shall
he punished by a fine not exceeding one
thousand dollars, or by imprisonment
nc. exceeding one year, or by both hne
and imprisonment
section 3. Any court having jurisdic.
ton in equity, may, on the application OF
said commissioners, or OF the attorney
general, or OF any stockholders, or OF any
interested PARTIES, enforce all lawful or
ders and decisions OF said commissioners
made in pursuance of the provisions Of
this act, ana all provisions o. law herein
contained respecting such companies.
The bill is in line with the reoommen-
dalton of Bank Examiner Timberlake,
made In his annual report, and is de.
signed TO make more secure the invest
ments OF the savings banks.
10 AMEND THE DIVORCE LAWS.
Senator Plummer of Pcnobsoot county
introduced an act today, 20 amend chap
ter 30, of the revised statutes SO that sec
tion second shall read;
EVERY libel shall contain an allegation
that the nbellant has bsen faithful hus-
hand or wife, and shall be verified by
OATH
Section to be amended SO as to read:
''Ths court in any county or the Justice
thereof, in vacation, may order notice as
In other suits. When any libel for divorce
is answered to, after entry IN court. and
the defendant shall file In said court q
cross libel, and request order of notice
thereon, the first libel shall stand CON
tinued, so that both nbels may be heard
at the same time. And If the Iibellant in
the cross libel SO requests, the court may.
In its discretion, order service of the cross
libel to be made by copy and subpoena
delivered to the attorney of record, or any
one OF them, Of the first libellant, and
the same shall be- a sufficient servics.''
CUMBERLAND COUNTY DEER
1t was twelve years ago that close time
of ten years was placed on deer In the
counties of cumberland, York and Saga
dahoo counties Two years ago this close
time WAS extended for FOUR years. so 1t
still has two years to run. Now comes a
movsJnent, already mentioned In the
PRESS, to repeal the law. There arc two
hills One repeats the act In toto; the
other permits only an open time of one
month. The first bill was presented By
Mr.. White OF Naples, hut MIR. White put
1t In at the request of residents of his dis
triot. The second bill was introduced by
Mr.. Sturgis of Standish. Mr.. Stulgis
says that in the portions of Cumberland
county and YORK county, near his home.
in the towns OF Standish,
Hollis ana Buxton, the deer
are SO numerous that they are trouble
some, and are doing great damage to
crops and young ample trees. why"
said MIR. Sturgis, "a farmer who lives
near me told ms that he had planted q
piece OF land with winter wheat, and the
deer had been living on 1t ever SINCE. lie
said he would shout at them and wave
his hat. Then they would trot of to
little distance and stand and watch him.
When he started to go away, back they
would come and go TO feeding again. 1t
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