The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-19
CHAPTER o47-H p M 1n5

Il CHAPTER Z41-E1. E. NO. 1Oo.
IAN ACT to amend the second subdivision
~ OF section twenty-Seven CD of chapter
II one hundred and nine (109) of the Gen
III eral Laws of one thousand eight hum
= dred and seventy-nine (1S79l, as amend
liz ed, entitled "An act to conform all
Fe savings banks or institutions for savings
4 10 uniformity of powers, rights and Ha-
j biuues, and to provide for the organiza-
* ton Of savings banks, for their super
vision, and for the more efficient pro-
" lection OF dcpositors in such institu-
Ia TONS"
q Be it enacted by the Legislature of the
u State Of Minnesota:
4 ! Section l. That the second subdivision
eli section ytwenty-seve CD of an act en-
ii titled An act to conform all savings
s1anks(or institutions for savings to uni
Aormity of powers, rights and liabilities
] and to provide for the organization OF
teavings banks. for their supervision and
b+or the more efficient protection of de-
spositorS in such Institutions being chap
-feer one hundred nine Q09) of the General
btlaws of eighteen hundred and seventy
kline, as amended, be and the same is
s1ereby amended to read as follows, to-
s,Yit:
u Second-Such as shall have been or may
tloe purchased by it at sales upon the fore
h,>losure Of mortgages owned by such cor
RboratiOn or upon judgment or decree OBJ
b.alned or rendered for debts due to 1t, or
EN- settlement effected to secure such
-liebts, or such as may be conveyed to
Tuch corporation in exchange, and as a
part of the consideration for real estate
cold by 1t; provided, that real estate &C
llured IN exchange shall not be carried ON
e1e books of such corporation at a price
IN excess of the cost of the real estate in
part payment for which it is taken. after
.teducting theTefrOm the money portion
IF the consideration for which the same
shall be sold, and all real estate acquired
rs provided in this second subdivision
-cha1l be sold by such corporation within
zen (1O) years after the same shall be
s-eSted in it. unless upon application by
he board OF trustees the public exam
.ner shall extend the time within which
buch sale shall be made; and it shall be
lawful Tor any such corporation, with the
approval in writing, and under the seal
Of the public examiner to change its
location within the limits of any city or
sow1l Wherein it may he established; and
n efecting such change of location, such
corporation owning a banking house and
OF, may purchase such additional plot
under the provisions of subdivision one
ID OF this section as the corporation may
require; and such. banking house and lot
previously owned and occupied shall be
3old, as provided in this subdivision con-
serning real estate acquired in satisfac-
Ion OF debts or in exchange.
Sec. This act shall take effect and be
n force from and after its passage.
= Approved April II. 1901.
CHAPTER 24S-H f. NO. 1913.
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 eX-
tensions, branches and alterations.
Be it enacted by the Legislature of the
State of Minnesota:
Section 1. That any railroad company
Gtsting in whole or in part under the
-awS Of this state or authorized to own
nd operate a railroad in this state, may,
" an affirmative vote of at least two
birds of its directors empower it's presi-
lent and chief engineer to designate the
quite of any extension or branch that it
nay thereafter desire CT determine to
Duild, and Of any alteration of its line or
cute that it may thereafter desire or
determine to make: but before making or
lutld1ng any such extension or branch or
Iteration, or COudemninE any land there
or, the president and chief engineer of
he railroad company shall, in writing by
nap, courses and distances, or otherwise
teSl%nate the route thereof, and after
lavIug certified to the correctness there
f, file such writing, SO certified, with the
ecretary Of the railroad company, who
hall record the same in a, book to be by
lin kept for such purpose, and the rail-
Dad company shall obtain copy of that
a ecord, duly certified by its president and
ecretarY and atteSted by it's seal, and file
iUch certified copy with the Secretary of
itaue, to be by him recorded, and there
lpop such corporation shall have the
anne right to make any and all such al
erations and to build any and all such
extensions and branches a S It would have
It had been authorized so to do by its
harter or articles of Incorporation.
Sec. 2. AL laws inconsistent herewith
re hereby repealed.
Sec, g. This act shall take effect and be
force from and after its passage
Approved April IL, 1901.