The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1903-06-19
EIIApTER 1n-7

CHAPTER 1858.
AN ACT In Amendment Of chapter 1856 OF
the General Laws Entitled "Of COR
poratc suretyshp on Bonds Required by
Law
U'assod Dec H. 1902
It Is enacted 10y the General Assembly as
follows:
Section l. Chapter lSC Of the General
Laws. entitled "Of corporate surctyship
on bonds required by law is hereby
amended 50 as 10 read az follows:
"tHAPTER lsG.
"Of Corporate SuTetyship.
section l. Any incorporated surety COM
pany which has a pnid-up capital Of at
least two hundred and nifty thousand dol-
lars. and doing only surety business In
this state. and which has complied with
all the requirements OF law regulating the
admission of such companies to do busi-
ness I'm this state may TO the extent Of
It's corporate powers enter into any con-
tract OF guaranty or may he accepted AZ
sole surety upon the bond. undertaking,
or obligation of any person or corporation
giving bond i'm this state or required by
law 10 give bond In this state. whether
such bond bc given I'm civil or criminal
judicial proceedings or for the due per
formRncc OF the duties of any office or
employment. or however otherwise such
guaranty, bond, undertaking, or obliRa-
tion may bc given; and such surety com
pany may also bc accepted AS sole surety
upon any rcCognizuncc or other obliga-
tion OF record that any person or cor
pOrntion may bo required by law I'm any
way 10 enter into ln this state, No addi-
tional surety shah hc required upon any
judicial or official bond or upon any
rccognizanco or other obligation of record
by the Judge. head of department or other
officer approving such bond or taking
such recogui7anCc II he shall deem such
may be required 10y him II in his dscre-
tion necessary. In AN bonds. undertake
ings. or other obligations and I'm all
rcCoRniZanCos or other obligations OF rec
ord In which "surctiCs' are required hv
law or otherwise In this state. the sole
surctyship of any surety company duly
authorized 10 do business i'm this state If
deemed sufficient surety by the person.
Judge. or official approving or accepting
such bond. undertaking. or other obliga-
tion or taking such rcCoguizanCc or other
obligation OF record. shall he deemed a
fun compliance with any requirement for
"suretics" Any surety company author
lied to do business In this state may
make sign, seal, execute. acknowledge,
and deliver any bond guaranty. under
taking. or other obligation whatsoever I'm
this state. or may enter into any reCog-
nizance or other Obligation OF record
Whatsoever In this state. 10y It's atto.ney
in fact or by It's officer OF officers agent
or agents thcreunto duly authorized. and
such authority from such surety company
may be shown in the same manner that
similar authority may be shown In the
Nse OF other corporations. II Is hereby
declared to be the true intent and mcan-
inR OF this chapter to enable any surety
company, duly Incorporated and author
lied TO do business under the laws of this
state. TO the extent OF it's corporate pow
crs To become guarantor in this state. or
to become surety upon any bond. under
taking. or other obligation. or to enter
into any rccoguizaucC or other obligation
VI record In any way whatsoever To the
same extent. with the same rights, and
under the same liabilities as any natural
pcrscn.
Sec .. ANY court or officer whose duty
II is TO pass upon the account OF any per-
son or corporation required 10y law to give
bond may. whenever such person or cor
porRtiou has given any such surety COM
pany rs surety upon said bond, allow in
the settlement OF such account a reason
able sum for the expense OF procuring
such surety.
See B. ANY surety company which shall
make. sign, seal, execute acknowledge. or
deliver any bond, guaranty. undertaking
or other obligation whatsoever In this
state or which shall enter into any
rccognizancc or other obligation OF record
whatsoever In this state under the provi-
sions OF this chapter. shall bc cstoppcd In
any proceedings 60 enforce the liability
which IL shall have assumed to incur. TO
deny its corporate power to- make, sign,
seal execute. acknowledge. or deliver
such bond. guaranty. undertaking or 9TH
or obligation, or 10 enter into such rccog-
niIance or other obligation of record.
sec. T. Whenever 10y the laws Of this
state any officer Is required 60 give bond
TO the state such bond shall be taken by
the general treasurer in the name Of the
state. from some surety company author
izcd TO do business iu the state. at the OK.
pcnse OF the state, and ;hC state auditor
shall draw his u.l"r for the payment Of
the cost ~ such bond. out of any money
In the treasury not otherwise apprcpri.
atcd. upon the receipt of vouchers there
for approved by tho general treasurer
See. 2. This act shall take eject upon its
passage. and all 0cts and parts Of acts
inconsistent herewith are hereby repealed.
CHAPTER irL
AN act In Amendment OF and In Addi.
tion TO Chapter 2u 90 the General Laws.
Entitled "Of The General Jurisdiction %
Probate Courts"
PASSED Dec. u ial2l
/ II Il enacted by the General Assembly as
follows:
Section / chapter sq of the General
Laws. entitled "Of the general jurisdic-
ton Of probate courts IL hereby amend
oil by addinE to it the following section: