The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-24

such railroad company of an issue to re-
tire all prior mortgage Indebtedness OF
such railroad company; or in the bonds
Of any railroad company within the
United States, which are guaranteed or
assumed by another railroad company,
within the United States; provided that
the railroad company Except a railroad
company whose bonds are guaranteed or
assumed as aforesaid) either issuing,
guaranteeing or assuming any of said
bonds has not within five years prior to
the time Of making such investment by
said bank failed in the payment of a
dividend, upon its entire capital stock
outstanding. of not less than four "a per
cent per annum each fiscal year during
said five year period; and has not within
five years prior to the time of making
such investment by said bank, defaulted
cipal or interest Of any debt incurred by
1t and secured by mortgage or trust deed
upon its railroad, or any part thereof,
or in the payment of any part OF the
principal or interest Of any bonds guar
anteed or assumed by it; and provided
further, that no savings bank shall ever
loan upon, or invest in railroad bonds to
exceed in the aggregate twenty (2O) per
cent Of its deposit nor shall such savings
bank ever loan upon or invest in the
bonds issued or guaranteed or assumed
by any one railroad company, to exceed
in the aggregate five 90 per cent of its
deposits.
Sec. 3. That section fifteen 90 of the
above entitled act be, and the same is
hereby amended To read as follows:
Section u. The board of trustees shall on
or before the first day of February in
each year make a report in writing to
the public examiner and in such form as
he shall prescribe of its condition on
the morning of the first day of January
preceding.
Sec. T. This act shall take effect and
be in force from and after its passage.
Approved March 10, 1908.
CHAPTER 72-H. F. NO. 146.
AN ACT providing for the deposit of
wills during the life of the makers IN
the Office of the judge Of probate of
the county of the residence Of the
maker, and for the keeping and dispo-
State of Minnesota:
sition Of the same.
Be it enacted by the legislature of the
Section l. Any will in writing, being
Enclosed in a sealed wrapper, and having
Endorsed thereon the name of the testa-
tor and his place of residence, and the
day when, and the person by whom 1t is
delivered may be deposited by the per-
son making the same, or by any person
Tor him. with the judge Of probate in
the judge Of probate shall receive and
safely keep such will and give certifl-
cate Of the deposit thereof.
Sec. >. Such will shall during the life
time of the testator be delivered only to
himself. or to some person authorized by
him by an order in writing, said order to
at least two subscribing witnesses: and
after the death of the testator. and at
the first probate court session, after no
tice thereof, it shall be publicly opened
by the judge of probate. and be retained
10y him.
Sec. 3. The judge Of probate shall give
notice Of such will being in his posses
sion to the executor therein appointed
il there be one, otherwise to the persons
interested in the provisions of the will:
or If the jurisdiction Of the case belongs
WlesaVs Il, 49, i
l1vered to the executor named in said
will or to some other trusty person in
terested in the provisions of the same,
TO be presented to such other court
Sec. 4. The provisions of this act with
regard to the care, custody and DISPOSE
ton Of wills deposited in accordance with
the provisions thereof with judges of
probate shall apply to all wills hereto
fore deposited in the Office of judges of
probate in this state.
Sec. ), This act shall take effect and
be III force from and after its passage.
Approved March 10. 1903.
CHAPTER 73-H. f. NO. 1873.
AN ACT entitled AN act empowering
cities having over fifty thousand co.
OUO Inhabitants and constituting spe-
cial or Independent school districts to
make rules and regulations for the
government and management of
schools and for the employment and
examination of teachers therein"
State of Minnesota:
Section 1. Boards of education in in
corporated cities having over fifty thou
sand 100000 inhabitants and constitut-
ing special or Independent school dis
tricts may employ superintendent and
teachers and may make rules and regu-
Iauons for the government of schools
and for the employment ana examination
of teachers and prescribing their powers
and duties; and prescribing the descrip-
ton, grading and classification of schoI-
arS and their management and the course
Of instruction and books to be used and
other matters pertaining to the govern
ment and welfare of schools.
Sec. .. This act shall not be construed
as modifying or attempting to modify
any charter adopted under and pursuant
TO section SO, article ". of the constitu-
ton of the State of Minnesota, as
amended, and chapter Sol of the General
Laws of 1899 and amendments thereto.
Sec. 3. This act shall take effect and
be in force from and after it's passage.
Approved March 10. 1903.
CHAPTER 74-H. F. NO. 121.
AN ACT authorizing appropriations by
boards of county commissioners in conn
ties now or hereafter having a popuIa-
ton of one hundred and fifty thousand
inhabitants or more. for public improve
ments in, or about navigable lakes.
Be it enacted by the legislature of the
State Of Minnesota
Section l. That wherever there exists,
In any organized county in the State of
NIlllGSOld LON VI thereafter ndVlnS a
population of one hundred and fifty thou
sand Q5000O inhabitants or more, q nav
igable lake, or lakes. which is. or are.
wholly or for the greater part thereof
within the territory or limits of such
county and which is, or are, not, either
wholly or in part, within the corporate
limits of any city in such county,, the
board of county commissioners Of said
county is hereby authorized and empow-
cred to appropriate. each year. from the
revenue fund Of such county. such sums
for public improvements on. in or about
said lake or lakes as. in the opinion of
said board, may be necessary.
Provided. That the total amount of
said sum or sums so appropriated during
the years one thousand nine hundred and
three, one thousand nine hundred and
four, one thousand nine hundred and FIVE
shall not exceed the sum of ten thousand
$4,000 dollars in either of said years,
and that the total amount of said sum
or sums so appropriated shall not eX-
coed the sum of five thousand ($5O001 dol
lars in any year thereafter Provided
further, That the question of population
shall be determined by the official census
next preceding any appropriation made
under the provision of this act
Sec. 2. All acts or parts of acts incon-
sistent with this act are hereby repealed
Sec. 3. This act shall take effect and
be in force from and after its passage
Approved March 10. 1903.
CHAPTER 75-H. F. NO. ITO.
AN ACT to declare certain highways
abandoned and vacated and to provide
for the restoration of the use of the