The Somerset reporter., 1901-03-28


dalualS 10 me leRdl representatives. "f
suen aeddcnies. sefnnarica Or institutes
~ 5iall De- 'nbtItd - RECEIVE tn9ne5 rom
me state NICER elh5 sNi, at tie Times dHd
IN the manner provided d. Ia@ Tor the
pa3mtht 81 mohty l,' ana 81 r. nigh
sehoolst me diil9 mi 30 WHleh tn shaH
W stNtidIly thllIsd hurf tbs aet, pro
Vata, uti no asih' Ii "haIl be made u
'i,i5 d.d,l'I"'f 9snliilai Of institute H|fH
Tue slaH 'nbtali9Hdl b'Iai iinsui shah
nay certified 10 L. Treasurer 81 state
al TIE iari5 ~llfh ~ Ihl. a. 81" had
Ii etss4iy /" thtltle "A a' ''tsih5t aeuiuats
OF llaillnlr 10 Itteit' mono NON Us"
Section D. Al@ town or precinct proy,d-
ing rec l"l'l'h Tor liA IlEh aea"Pi arh"i
as III any d'aatih5s sem nary ar luSt-
lqlt, shdIl I'.tst state ala L. III amount
81 ON nam ne 5tn Expended Tor such
iHS1fuei"h' pf9fiasd, mo loNh shall r.
ttiYs - 'N'''a i@9 hundred and hllt
P''r,3.. ~ nIs - ''I' anu Pl't,Isa
~ lati Ih3i no l9"H .hdll fstsit' "lair
ad aiiH"i Ihl> AL li - Tree llth school ol
standard grade IS maintained ia sand
i2Ma.
'65ioIl g. 40 d1ddtiIN, seminary or ia
sllt4te small receive state ad uHder lis
tei ali'aS !"'olI2Iat"h pil7f 10 In dat-
9i approval o. said ."l.
sti4te snail receive state aid andrr this
aead.ms, seminary or insililtie far th..
dents. and no academy. seminary or in
stitute shall receive 4, exceed nv. hun
dred dollars unless Tie average attend
auce In said academy. seminary OF iusti-
TUT Tor the year preceding shall exceed
.Stxtv students.
Section 6. No academy. seminary. or
iustftIte shall receive state aid under This
- Il s1iji a5.tsie1n5. s,.fl,stl47f o. i1,sTs-
tte has un annual income from ln-
vested funds exceeding sixteen hundred
dollars, ANA 10 academy, seminary or
trt0af - all
coed i've hundred dollars in any given
&ear provided the said academy s,Ini-
nary on institute has an annual Income
from Invested funds exceeding one thou
sand dollars.
Section :. The officers and teachers Of
every academy, seminary or institute re
ceiVing money from the state under this
act shall annually ON or before the frs
day OF January IN each year render 10
the educational department. an itemized
account of all the moneys received and
expended during tn" preceding year and
shall make Aech further report 10 the
STATE educational department as mar
from time II time b" required.
Section s. All acts and parts Of acts r.
lating To state aid granted 10 academies.
seminaricS or institutes, inconsistent With
this act, are hereby repealed.
Improved Feb. 2Gl
Chapter 40.
-. ,,.,
~ ~ ~ aileho t5'dPtSi slA'H one on
ailo ciSIitH SYN, as aiheiidtu D.
1htpter ihlee hQnuItd ana nineteen o.
the luplic Laws OF eighteen hundred
I'M a.,i, miIIetE -aeN9n Ieia'lhg TO Loan ana
bdliulhE HSS9SidtollS'
be II cidcteo bA the senate ana House
Oh helreSehtatlN III Legislature as
| senpled, as tollows;
oeetoh J. section on" hundred thlrtN
illle Oh chaptef SlNty-one OF the puple
laws of eighteen hundred eighty-seyen, as
dii l'z uS tid9tet tllreT hulufeu NM
Ten Ten oi tnr puoic iaWs OF elshle,h hun m
ate9 hlielN seven, Is hcrepy amended d.
! SiilhlilB oUt thS WoruS III tne t"elith me
not TO exceed elsht ana inserting IN
plaee lh'rc"i the WORDS ol mol Loss IMAM
nv -eI cent nor more IMAM tlEhi. 50 thdi
Sdia seclol' as amended small READ as
lollo"s' ana M
Ho'liol 49, Inc boaTu OF directors
snail see To the proper investment Of the
iundS Oh the dSsotialloh as PROVIDED IN
lils SecIlon Alter du" allowance Tor an
necessary ana proper expenses ana 1oI
me NlthuIa"ai oil Sh"i'S' ihe moneys OF
the association Sil3iIl ne loaned 10 lhe
members AT rate OF monthly premium
TO be iiNed by the dlrectofS' which shall
III no case exceed forty cents per SHARE.
ANY member may, upon giving security
satisfactory To the directors, receive u
/ l9an Oh Two hundred collars or eacl
part Of two hundred dollars as Tie by
,a"S lg ~ d'2M in nseia3,9 r h
| int,r,.,t ma nf.n,in,n - ettited r.,t f
o,ti,.,1 irtnr.s, 81 ',ni Ii. ,ban ~, nor
mnr,, man ,igbt 6e.,' cont ma a. ,h9 rp,.,l
,,,an IN" s,,n9 ,lsss,.d t1\.',i5l9 ia n,"itRI>,
insit1im,ute Gurb m f.. sh3u inciidt. M
,vhnin interest and fr,n,iIIn tn bl MIA
| upnn the loan. ANY balance remaining
n1Io.naad So r,.r,harS ,,1.,,l la. i,,t,,..t.d IN
snGh srrurjti.s a. arr. Iagai for ,hn in
! vrsim,ut Of ,ioEosits I'm s,,rtn,is honits
| No i,ou shan he made an ihl grnes ne
MUM plot,
section , Section one hundred Curtv-
one Of said rhantar siyty19ne L. herein.
amended nv insrrtiup 1ftar the woIl
| premium In Inc tiiirJ line Thereon III
qlIrh mnnthlv nrcmiIIn Ia. charged and
| Inserting Yfipr IN words ..rate nf' in
! s,id third Inc thr word; moi LIS. Than
| iyr@ NOR more th4n so that said snction.
/ as amended SHAH read as follows:
! ,S,rtiou Ii1 i barrnIyiup mpmhrr for
each share borrowed iton, shall. In adj
Iditinn la hi,t ,inas and nonthIv nrrmiIin
| If snrb months. ur,.nI1ru h. charged my
| monthly Interest on his loan nj The IA
| of moi less than i've nor more than six
| per cent Nor annnn untiI his shares r4Drh
| the intimate Y:,lnp If Two hundred dollars;
| zach ar The loan hYs bean rrnniJ. and
when said ultimate value is reached sail
| shares ana loan shall he declared can
! celed ana satisfied. and the balance. II
any. due nuon the shares shall he paid
.t