The Republican journal. [volume] (Belfast, Me.) 1829-current, 1901-03-28

and a certificate thereof signed by the
pfesidcnt or clerk shall be tlied in the Of.
nee OF the secretary of sta,e in the same
manner as now provided by law fol
changes in charter or certificate of organ
ization.
oec.Inn IT, Any corporation of this
state may purchase mines, manufacturers
anu otntr properly necessary for its bus
mess anu the stock of any company Or
companies owning, mining. manufacture
ing or producing materials or other prop
cry necessary for its business. and issue
OF IN payment therefor. and may likewise
ISSUE stock for services rendered 10 such
corporation and the stock SO issued shall
PC ttll paid stock and not liable to any
lufther call or payment thereon; and III
| me absence of actual fraud in the trans
action, the judgment of the directors as
TO the value of the property purchased, or
| services rendered. shall be conclusive.
Section IA. Any corporation organized
under chapter forty-eight of the revised
statutes may purchase, hold. sell. assign,
| transfer, mortgage, pledge or otherwise
dispose of the shares Of the capital stock
| of, or any bonds. securities or evidences of
| Indebtedness created by any other CO..
poration' or corporations of this OF any
| other state, territory or country, and
while owner of such stock may exercise
| all the rights. powers and privileges of
ownership, including the right to vote
| thereon
Section -. A copy of every decree or
judgment dissolving a corporation or for
| feitlng its charter shall be forthwith filed
by the clerk of the court in the office of
the secretary of state and there recorded.
Section Is. Section thirty-one of chap
ter forty-six of the revised statutes AS
by ohhRter three hundred and
dred end eighty-fve is hereby amended
by striking out in the first line of said
section the words land clerks or trcasur-
ers." SO that said section, as amended,
| shall read as follows.
| .Seation 81 Such cashiers shall, be-
| tween the first day of November and the
return to the secretary of state of the
| names of ALI stockholders, their residen-
ces, the amount of stock owned by each
end the whole amount of stock paid in
on said first day of November. The sec
rotary shall lay the same before the leg
stature within the first thirty days of the
| seGsion.'
Section II. Section five of chapter forty
! amended by adding after the word pres
cnt,'., the words in person or by proxy.
SO that said section, as amended, shall
Section >. When all the members OF Il
| corporation are present in person or ny
! Iroxy at IL meeting and sign written
| consent on the record thereof such meet
| ing IS legal
Sect N is Section twenty of. chapter
forty eight of the revised statutes as
by f se fa thrf re Of eh1pnl
l
dred and ninety-one and by section two
of chapter two hundred and twelve of the
laws of eighteen hundred and ninety
three. is hereby amended by striking out
the words, mot exceeding ten. million dol
lars" sn that said section as amended
shall read as follows:
| Section 70. If the stockholders of any
corporation created by special charter
ard not charged with the performance of
any public duty, or organized under the
general laws of the state, find that the
ret al ct rk G ia n
| for the purposes for which said corpora ton
is organized, or that the number of di-
rectors is inconvenient for the transac-
| ton of it's business, the stockholders may
by a vote representing majority of the
| stock issued, increase the amount of its
| capital stock to any amount. and may
| change the number of their directors in
like manner. and the corporation shall
file a certificate thereof with the score
tary of state within ten days thereafter
and thcreupon said vote shall take effect
| When the capital stock is increased from
| ten thousand dollars or less to hot eX-
4 ceeding tive hundred thousand dollars, the
corpor ,tion shall pay to the treasurer at
state Ger the use of the state the sum OF
forty dcllars When the capital stock is
| increased to any amount exceeding tiv5
hundred thousand dollars it shall pay to
the treasurer of state for the use OF the
state the sum of ten dollars for each one
| hundred thousand dollars of such in
crease, and the treasurers receipt for tht
same shall be filed with the secretary OF
ceive any certificate of any increase OF
capital stock
Section 10. AIRY corporation whose
duty it is 10 make the return provided by
section one of this act shall, upon com
PLYING with section thirtysix OF chapter
| forty-six of the revised statutes be eX-
cused from making such returns so long
| as it's franchises remain unused.
| Section 20. ALI acts and parts OF acts
inconsistent with this act are hereby re-
pealed Improved March 21.]
Chapter 23O.
AN ACT to fix the Salary of the Register
of Deeds for the County of Andres
| cOgSin.
Be it enacted by the Senate and House
of Representatives in Legislature assem-
bled as follows:
Section /, The register of deeds fo'
Androscoggin county shall receive an an
nual salary of sixteen hundred dollars
PAYABLE quarterly, said salary to be pait
from the county treasury and to be IN
which fees shall be paid into the county
treasury for the use of said csunty.
Section D. This act shall take effc"'
April one, n the year of our Lord ono
thousand nine hundred and one.
LApprovcd March 2ll
Chapter 2;s1.
AN AIT providing that the Sheriff o
Pennhscot County shall not be entitled
to ID percentage of the Fees of his
deputies.
BE 1t enacted by Inc SENATE dHl IlouSt
of Represl natives in Legislature assem-
bled, as follows:
Section l.. The sheriff of Penobsco
county shall not be entitled to receive
from his deputies any portion of theil
fees fo- travel and service of precepls
nor any percentage of any fees received
by said deputies.
Section g All acts and parts of acts
inconsistent with this act, are hercb.
| repealed.
Section 3 THIS act shall take offec
when approved Improved March 2l.]
Chapter 3D.
AN ACT establishing a s;.lary for Tho
| Sheriff of SagadahoC County.
Be it enacted by the Senate and Hous'
of Representatives. in Legislature assem-!
bled, rs follows:
Section l. The sheriff of the county q
Sagadahoc from and after the first day
@. April, one thousand nine hundred one
shall receive as full compensation fol
services in attendance upon the supreme
judicial court in this county, as jailer il
SAID county. for receiving and commit
ting prisoners to whatever jails sait
county may legally contract with thu
proper authorities and for services of al
orimina! processes and performance o
I'll duties relating to the enforcement %
all criminal avs, an annual salary 6
twel!e hundred dollars year to be pai,
from the county treasury in equa
quarterly pay nents on the last days %
March, June, September and December o
each year.
The sheriff of said county shall no
receive from any of his deputies any o