Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1903-03-30

been paid in, in cash, and expended upor
the road evidenced by certificate of the
the road is located, filed in the office Of
the secretary of state of this state, that
said percentage has been 50 paid in and
expended In addition to the amount OF
the bonded debt; provided, that in such
Of the above states as have no railroad
commissioners having. supervision OF
street railroads the bank examiner OF this
state may ascertain the facts and If they
meet the foregoing requirement may file
certificate thereof with the secretary OF
state. and all the expenses and compensa-
ton Of the bank examiner for such ser
pany seeking to make its bonds a legal
investment under this section, whether
the same are admitted or not.
Fourth: In the mortgage bonds OF amy
water company i'm the New England
states actually engaged In supplying any
city or cities, town or towns, village or
villages, or other municipal corporations
with water for domestic use and for the
extrguishment of fires, whenever such
company is earning more than its fixed
charges and interest on its debts and its
Fifth: In bonds of any corporation
other than railroad and water companies,
incorporated under the authority of this
state, which are earning and are paying
a regular dividend of not less than five
per cent year.
Sixth, n: In. the stock of any bank or
banking association Incorporated under
the authority of this state.
Il: In the stock of any bank or bank
ing association incorporated under the
authority of the United States, il located
within the New England states.
e: In the stock of any railroad COM
parry of this state unencumbered by
mortgage
d: In the stock of any dividend pay
ing railroad in New England.
e: In the stock of any railroad leased
to any dividend paying railroad in New
England upon terms guaranteeing the
payment of Il regular stated dividend up
on the stock of such leased road and the
interest on it's bonds.
4: in the stock of any corporation, 9th
er than railroad and water companies, in
corporated under authority of this state
which earns and is paying a regular div
idend of not less than five per cent a
year.
Sixth, a: In loans secured by first
mortgages Of real estate in this state and
New Hampshire to an amount not exceed
ing sixty per cent of the value of such
real estate.
IL: In notes with a. pledge as collateral
of any public funds or bonds of any kind,
or of any stocks, which the bank or in
stitution would, by this section, be au-
thoriZed to purchase.
g: In notes With a pledge as collateral
of any savings bank deposit book issued
by any savings bank in this state.
Il: In notes with a pledge as collateral
of the stock of any railroad or railroads
mentioned in this section, to an amount
not exceeding seventy-five per cent of the
ma rket value OF Sucn STOCK.
e: In loans to any municipal corpora
ton in this state.
4: In loans secured by a mortgage of
sucn personal property as in the judg-
ment of the trustees it is safe and for the
interest of the bank to accept.
Z: In loans to any corporation owning
real estate in this state and actually COLI
Quoting in this state the business for
which such corporation was created.
Seventh, ii: The term net municipal
indebtedness Of counties as used in this
section shall be construed to include all
bonds which are Il direct obligation of the
county, less the amount of any sinking
fund available in reduction of such debt.
b: The term net municipal indebted
ness of cities and districts as used in this
section shall be construed to include in
the case of either, not only all bonds
which are direct obligation of the cities
hut also all bonds of the. districts or
boards within the same as above enumer-
ated, exclusive of any such debt created
for a water supply and of the amount of
any sinking fund available in reduction
of such debt.
e: The number of inhabitants of cities
and counties shall be determined by the
last previous official census there,
of as established by the last United
county census taken in the same manner
as United States or state census, and
duly certified to by the clerk or treasurer
of such city or the auditor or treasurer
of such county.
Eighth All investments shall be
charged and entered on the books of the
bank at their. cost. to the bank, or at par
when a premium is paid
[Approved March 2S.
Chapter 1871.
An Act to amend Section ten of Chapter
nineteen OF the Revised Statutes, relat-
ing to the Law of the Road.
Section ten of chapter nineteen of the re-
vised statutes is hereby amended by in
sorting after the word thereon" in the
sixth line thereof, the following: And all
teams with wheels if drawn by more than
two horses, oxen, or mules, must have
the rims of their wheels at least sII
inches wide, when travelling on the road
from Lawton's Quarry in Smithfcld, IN
Somerset County, to Norridgewock Vii
lage.' So that said section as amended,
shall read as follows:
Section 10. Teams with wheels, if drawn
by more than two horses oxen or mules.
must have the rims of their wheels at least
four inches wide, and if drawn by more
than four horses oxen or mules, at least
five inches wide, when travelling on the
road from Jackson Brook. in Washington
county, to Forest City; and no team drawn
by more than six horses, oxen or mules,
wheels if drawn by more than two horses.
oxen or mules, must have the rims OF their
wheels at least six inches wide. when tray
eaalry in smthi,s1d I il some T5is
section is not applicable to stage s
the state or the United States, or to any
cart or wagon owned by the settlers in the
vicinity and used for farming purposes
The owner or driver of team Nlolat-
ing this section forfeits twenty dollars,
and one dollar more for each mile OF ROAD
passed, to be recovered by complaint
before a trial justice in the county where
the offense was committed, and on llCel
or complaint he may issue his warrant TO
seize and detain such team to respond 10
such fine and COSTS
Improved March GSl
Chapter 1872.
An Act to amend Section forty-eight of
Chapter two hundred eighty-four Of the
Public Laws Of eighteen hundred ana
ninety-one, entitled AN Act to consoh-
date and simplify the laws pertaining
to sea and shore fisheries as contained
IN Chapter forty of the Revised Stat
utes" and in amendments and additions
thereto.
Section 1. That section forty-eight of
chapter two hundred eighty-four of the
public laws Of nineteen hundred and one.
are hereby amended by striking out the.
word Fifteenth in the twenty-siXth line
and inserting therefor the word th1r.
tieth,' so that said section as amended VIII
read as follows:
No smelts shall be taken or fished for
in tidal waters except by hook and line
between the first days of April and Octo-
Der under n penalty of not less than ten
nor more than thirty dollars forNeach Of
Tense, and a further penalty OF twenty
cents for each smelt so taken, and all
weirs for the capture of smelts snail be
open and so remain. and al! nets used IN