The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1903-04-02

and fines shall be deducted Every share
shall be subject to a lien for the payment
of any unpaid dues. fines. interest,
premiums and other charges received
thereon, which may be enforced in the
manner hereinafter provided
Section 2 Section one hundred forty
eight OF chapter sixty-one. public laws Of
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" in
the ninth line thereof the following words:
No dividend shall be made at IL rate per
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:
Section Jas. The profits and losses may
be distributed annually, semi-annually or
quarterly, to the shares then existing but
shall be distributed at least once in each
year. and whenever n 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 sin
gle share fully paid TO the date OF dis
tribution. Losses shall be upp6r1ioned
Immediately after their occurrence No
dividend shall be made at a rate per cent
which will make the aggregate amount of
said dividend greater than the actual
earnings Oh inc ASSOCIATION, actually col
lected. At each periodical distribution of
profits the directors shall reserve as IL
guaranty fund sum not less than three
nor more than ten per cent of the I, prof
It's accruing since the next preceding add
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 tho
association from depreciation In its Necur-
tiles or otherwise.
Section 3. Section one hundred and for
tynine of chapter 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 so 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 l49 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. or in which it may have an inter-
est and may soil, 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 sold'
IApproved March Ill
Chapter 80.
An Act relating to the commitment of the
Insane, and to abolish the right OF ap-
peal to Justices of the Peace and Quo
rum.
Section / Section fifteen of chapter one
hundred and forty-three of the revised
statutes is hereby repealed
Section =. Section sixteen of chapter
one hundred and forty-three of the revised
statutes is hereby amended SO as to read
as follows:
Section To- If 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
alive 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 J. Section seventeen of chapter
one hundred and forty-three of the revised
statutes, is hereby amended so as to read
as follows:
Section IL. Such justices shall keep a
record of their doings and furnish a copy
thereof to any person inter ested request
ing and paying for it; they shall be en-
titled to the same fees as Tor a criminal
corporation liable in the first instance for
the support Of the insane person in the
hospital
section, a This act shall take effect
when approved
[Approved March Ill
Chapter 81.
Ar Act to amend Section four of Chapter
eightY-siN 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 !. Section -four of chapter
eighty-six Of the revised statutes as
amended ivy chapter one hundred fifty
seven oil the public laws % eighteen hun
drcd and ninety three is hereby amended
ly 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 IRON the last clause of said
section The words provided legal service
shall be afterwards made upon the other
menhers OF the firm so that said sec
ticr as amended shalt read a9 follows:
Section y like service On the trustee
bnda all goods, effects, or credits o. the
principal defendant entrusted to and de-
posted IN his possession to respond to the
hnal judgment in the action. as when at
tached by culinary process. When n
partnership is made n trustee in a trustee
suit, service upon one member of the firm
at the place of business of the firm. shall
he . sufficient attachment of the property
sion of the firm.
Section . This act shall take effect
when approved.
GApproved March III
Chapter 90.
An Act to amend Paragraph five of Sec
ton Sixty-two of Chapter eighty-one OF
the Revised Statutes. relating to proper
ty exempt from attachment and eXecu.
ton.
Section l. Paragraph five OF section
slNty-two of chapter eighty-one of the re
VSed statutes is hereby amended by in
sorting 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:
Section GO. Paragraph V. All produce
of farms until harvested; one barrel of
Hour; 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-
featured therefrom for the use of himself
and family
Section 2. This act shall take effect
when approved.
IApproved March Ill
Chapter 80.
An Act relating to the attachment of
Partnership Property
Section !. The personal property of any
partnership. or the interest of any CO.
partner therein shall be exempt from at e
tachment on mesne process or seizure on
execution for any individual debt or liza
blity of such co-partner, but such CO.
partners interest in the partnership prop
erty may be reached and applied In pay
ment of any judgment against him in The
manner provided in section two of chap
ter thirty-eight Of the public laws OF