The Republican journal., 1903-04-09

shall be subject to a lien for the paymen
of any unpaid dues. fines, interest
premiums and other charges received
thereon, which may be enforced in tn,
manner hereinafter provided
Section 2. Section one hundred forty
= eight of chapter sixty-one public laws o.
eighteen hundred eighty-seven as amend
ed by section three Of chapter three hun
dred nineteen, public laws of eighteen hun
dred ninety-seven, is hereby amended by
inserting after the word occurrence" ir
the ninth line thereof the following words
NO dividend shall be made at rate pei
cent which will make the aggregate
amount of said dividend greater than the
actual earnings of the association actually
collected so that said section as amended
shall read as follows:
I Section las. The profits and losses may
be distributed annually, semi-annually OF
quarterly, to the shares then existing, but
shall be distributed at least once in each
year, and whenever new series of shares
is to be issued. Profits and losses shall be
distributed to the various shares existing
at the time of such distribution, in pro
portion to their value at that time, and
shall be computed upon the basis of a sin
gle share, fully paid to the date of dis
tribution. Losses shall be apportioned
| Immediately after their occurrence. No
dividend shall be made at a rate per cent
which will make the aggregate amount OF
earnings of the association, actually col
lected. At each periodical distribution OF
/ profits, the directors shall reserve as a
guaranty fund sum not less than three
nor more than ten per cent of the net prof
it's accruing since the next preceding ad-
! justment, until such fund amounts to five
| per cent of the dues capital, which fund
shall thereafter be maintained and held,
and said fund shall be at all times avail
able to meet losses in the business of the
association from depreciation in it's secur-
tiles or otherwise
Section 8. Section one hundred and for
| ty-nine of cha pter sixty-one, public laws
of one thousand eight hundred and eighty
seven. is hereby amended by striking out
| in the sixth line after the word estate,
the word $50 and inserting in place
| thereof the words in whatever manner
and adding after the word thereto" in the
| last line the words but the bank examiner
| upon application of any association may
extend said time in which said real estate
! may be sold, SO that said section as
amended. shall read as follows:
| Section 149. Any association may pur-
chase, at any sale, public or private any
| real estate upon which it may have a
mortgage judgment lien or other incum-
| brance, in " hich it may have an inter-
est, and may sell, convey, lease or mort
| gage at pleasure, the real estate SO pur-
chased, to any person or persons Whatso-
ever. All real estate in whatever manner
| acquired shall be sold within five years
| from the acquisition of title thereto: but
| the bank examiner, upon application of
any association may extend said time in
which said real estate may be Soid.'
| (Approved March Ill
| Chapter 80.
| An Act relating tc the commitment Of the
| Insane, and to abolish the right of ap-
| peal to Justices of the Peace and Quo
| rum
| Section l. Section fifteen of chapter one
hundred and forty-three of the revised
! statutes is hereby repealed.
| Section 2. Section sixteen OF chapter
one hundred and foTty-three of the revised
| statutes is hereby amended SO as to read
! as follows:
| Section is. II the municipal officers neg
lect or refuse, for three days after com
| plant is made to them to examine and
| decide any case of insanity in their town,
complaint may be made by any blood rel
| 2tive husband or wife of said alleged
insane person, or by any Justice Of the
peace, to two justices of the peace and
quorum; and the two justices to whom
such application is made shall Immediate
! ~ inquire into the condition Of such al
legged insane person and shall proceed in
the manner provided in section thirteen.
Section g. Section seventeen of chapter
one hundred and fortythree of the revised
statutes, is hereby amended so as to read
as follows.
record of their doings and furnish a copy
thereof to any person int! ested request
ing and paying for it; they shall be en-
titled to the same fees as for a criminal
examination. to be paid by the person or
corpora tinn liable in the first instance for
the support OF the insane person III the
hospital.
Section A. This act shall take effect
when approved
[Approved March Ill
Chapter 81.
eighty-siX OF the Revised Statutes as
amended by Chapter one hundred fifty
seven, Public Laws of eighteen hundred
and ninety three, relating to trustee
suits.
Section l. Section four Of CHAPTER
cighty-six of the revised statutes as
amehded py chapter one hundred fifty
seven OF the public laws oe eighteen hun
dred and ninety three is hereby amended
by inserting after the Worl firm in the
fifth line of said section the words at the
place of business of the firm, and by
striking out from the last clause OF said
section the words ''providal legal service
shall be afterwards made upon the other
members OF the firm SO that said sec
tier as amended shall read as follows:
Section 4 a like service On the trustee
5inGs all goods. effects, or credits OF the
principal defendant entrusted to and de-
posted i'll bis possession, TO respond to the
final judgment in the actor, as when at
tached by culinary process. When a
partnership is made a trustee in a trustee
suit, service upon one member OF the firm
at the place OF business OF the firm, shall
lie a sufficient attachment of the property
of the principal defendant in the possess
sion of the firm.
Section 3 This act shall take effect
when approved.
[Approvcd March Ill
Chapter 80.
An Act to amend Paragraph five Of Sec
ton sxty-two of Chapter eighty-one Of
the Revised Statutes, relating to proper
ty exempt from attachment and eXecu-
ton.
Section 1. Paragraph five of section
siXty-two of chapter eiShty-one of the re-
vised statutes is hereby amended by in
serting after the word potatoes in the
third line of said paragraph the words
and other provisions and by inserting
after the word bought in the same line
of said paragraph the words and nee
essary.' So that said paragraph will read
as follows:
of farms until harvested one barrel of
-four; corn and grain necessary for him
self and family, not exceeding thirty
bushels; all potatoes and other provisions
raised or bought, and necessary for him
self and family; and all flax raised on one
half acre of land and all articles manu-
factured therefrom for the use of himself
and family
when approved.
[Approved March Ill
Chapter SO.
An Act relating to the attachment OF