Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1901-03-23


from invested funds exceeding enc thou
sand dollars
Section :. The officers and teachers OF
every academy. seminary or institute re-
cciNing money from the state under this
act shall annually on or before the frs.
day of January in each year render to
the educational department an itemzed
account Of all the moneys received and
expended during the preceding year and
shall make such further report 10 the
state educational department as may
from time to time be required
Section y All acts and parts of acts re
iaung TO state aid granted to academ es.
scminarics or institutes. inconsistent w tn
this act, arc hereby repealed.
Improved Feb. 26.l
Chapter 149
AN act to amend Chapter sixty-one of
the Public Laws of eighteen hundred
and eighty-sovrn, as amended b.
Chapter three hundred and nineteen o.
the Public Laws of eighteen hundred
and ninety-SeVen. relating to Loan and
Building Associa atoms
Be it enacted by the Senate and House
of Representatives in Legislature as
sembled, as follows:
Section |, Section one hundred thirty
nine of chapter siXty-one of the public
laws of eighteen hundred eighty-seven. a )
amended by chapter three hundred nine
teen of the public laws of eighteen hun
dred ninety-seren is hereby amended by
mot to exceed eight and inserting in
place thereof the words of not less than
five ocr cent nor more than eight so that
said section. as amended. shall read as
follows:
Section 10. The board of directors
shall see 10 the proper Investment of the
funds Of the association. as provided in
this section. After due allowance for all
necessary and proper expenses. and for
the wituurawal of shares, the moneys of
the association shall he loaned 70 the
members at rate of monthly premium
10 be fixed by the directors. which shall
in no case exceed forty cents per share
Any member may. upon giving security
satisfactory to the directors. receive a
loan of two hundred dollars for each
share held by him, or such fractional
part of two hundred dollars the by
laws may allow. Any association may
provide in its bylaws that instead of tho
interest and premium. a stated rate Of
annual interest of not less than five nor
more than eight per cent. may be charged
upOn the sum desired. payable in monthly
inStallmentS Such rate shall include the
whole interest and premium to he paid
upon the loan. Any balance remaining
unloaned To members may be invested in
such securities as are legal for the in
vestmcnt of deposits in savings banks.
No loan shall be made on the gross pre-
mium plan.
Section > Section one hundred forty
one of said chapter siXty-onc is hereby
amended by inserting after the word
I
such monthly premium be charged. and
inserting after the words rate Of in
said third line the words not less than
five nor more than SO that said section.
as amended. shall read follows:
Section III. A borrowing member for
each share borrowed upon, shall. in adj
dition tn his dues and monthly premium,
if such monthly premium be charged, pay
monthly interest on his loan at the rate
of not less than five nor more than six
per cent per annum until his shares reach
the ultimate value of two hundred dol ars
each, or the loan has been repaid: and
when said ultimate value is reached, said
shares and loan shall be declared can
ccled and satisfied. and the balance. il
any. due upon the shares shall be paid
to the member tApproved Feb IS
Chapter 1870
AN ACT to amend Section seventeen of
Chapter one hundred and twenty-eight
of the Revised Statutes. as amended by
Chapter one hundred and thirty of the
Public Laws of eighteen hundred and
nnety-nine. relating to Tramps.
BE it enacted by the Senate and House
of Representatives in Legislature as
as follows:
Section seventeen of chapter one hum
drcd and twenty-eight of the revised
statutes. as amended by chapter one hun
dred and thirty of the public laws of
hundred and ninety-nine is here
by amended by substituting the word
thirty in the place of the word sixty"
in the fourth line so that said section, as
amended. shall read as follows:
Section II. Whoever goes about from
town to town. or from place to place in
any town. asking for food or shelter or
begging or subsisting upon charity. shall
be deemed a tramp. and be imprisoned in
the county Jail for not less than thirty
DAYS nor more than ten months, at hard
labor for ten hours each day. Sunday;
executed. And should any person so sem
fenced refuse to labor in accordance with
the provisions of this section. he shall be
provided with no food. except bread and
water until he shall consent to labor in
with the requirements of this
section. Trial justices and judges of mu-
nicipal and police courts. shall have jul
risdiction of all offenses arising under
this section IApproved Feb. PSI
Chapter 15I.
AN ACT to amend Section seventeen of
Chapter sixty of the Revised Statutes.
as amended by Chapter one hundred
and seventy-eight of the Public Laws
Of eighteen hundred and ninety seven,
and as amended by Chapter ninety-four
of the Public Laws of eighteen hundred
and nnetN-nine. relating to change of
name in Divorce Proceedings, and relat-
ing to the care, custody and support of
Minor Children of Divorced Parents.
Be it enacted by the Senate and House
IF Representa- tives in Legislature as
semble,1, as follows.
Section seventeen of chapter sixty of
he revised statutes. as amended by chap
Ter one hundred and Seventy-eight of the
pubIic laws of eighteen hundred and
and as amended by chapter
,jnetv-four of the public laws of eighteen
hundred and ninety mine, is hereby fur
her amended by adding the words
change the name of the wife at her re-
,uest' after the word require" IN the
nth line of said section. So that said sec
ion. as amended. shall read as follows:
Section L. The court making q d1ci'rc