The Somerset reporter., 1903-04-02


chapter forty-tWo, section five, or the
public laws of eighteen hundred ninety
nine, ana as amended by chapter three
hundred seVenty-nine Of the private and
special laws of nineteen hundred one, as
prohibits fishing through the ice, in ac-
cOrdanco with the general law. In Palmer
pond, so called, in Mayheld plantation,
in the county OF Somerset, Is hereby re-
section 2 This act shall take effect
when approved.
[Approved March 2Sl
Chapter 1870.
An Act to amend Section one hundred of
Chapter forty-seven of the Revised
Statutes, as amended by Chapter one
hundred siXty-one of the Public Laws
OF eighteen hundred and ninety-five, re
latlng to the investment Of funds OF
Savings Banks.
Section l. Section one hundred of chap
ter iorty-seVen OF the revised statutes as
amended h! chapter one hundred sixty
one OF the .pebltc laws Of eighteen hun
aired and nlnetyilye. Is hereby amended
50 as To read as follows:
Section 100. Savings banks and institu-
tons for savings are restricted to and
follows:
First, u: In the public funds of the
nited States and District of Columbia.
b: IN the public funds of any OF the
New England states and OF the states of
NcX York. Pennsylvania, Maryland,
Ohio, Indiana, Kentucky. Michigan, Wis
soufi, Kansas and Nebraska.
Second, IA: In the bonds Of the coun-
ties, cities and towns OF any OF the New
b.: i'm the bonds OF cities and districts
in the states OF New York, Pennsylvania,
Maryland, Ohio, Indiana, kentucky,
Michigan, Wisconsin, Minnesota, Iowa,
Illinois, Missouri Kansas and Nebraska,
having a population of seventy-tive thou-
sand or more, when issued for municipal
purposes and which are direct obliga-
lion on an The taxable pr9perty, tn"reii,.
a.. In the bonds OF counties OF twenty
thousand Inhabitants or more IN the
states Of New York, Pennsylvania,
Maryland. ohio, Indiana, Kentucky,
Michigan, Wisconsin, Minnesota, Iowa,
ILLINOIS, Missouri, Kansas and Nebraska,
when issued for municipal purposes, and
which are IL direct obligation on all the
taxable property therein, except when is
sued IN alb Of railroads, provided that the
net municipal Indebtedness of such coun-
" does not exceed five per cent OF tho
last preceding valuation of the property
therein for the assessment of taxes.
ii: In the bonds OF any city OF ten
thousand Inhabitants or more liz the
states of New York, Pennsylvania, Mary
land. Ohio. indiana, Kentucky, Michigan,
Wisconsin. Minnesota, Iowa, Illinois, MIS-
souri,. Kansas and Nebraska, Wncn Is
sued for municipal purposes and which
are a direct obligation on all the taxable
property therein. except when issued In
aid of railroads. provided the net munlC-
pal Indebtedness of such city does not
exceed I'VE per cent OF the IuSl pItttulllE
valuation of the property therein for the
assessment of taxes
e: In the refundng bonds of counties
and cities above enumerated issued to
take up at maturity bonds which were
legal and constitutional when issued, pro
vlded the interest has been FUZZY paid on
such original bonds for at least five years
last prior to such refunding, provided
further that such counties and cities can
otherwise meet the foregoing conditions.
+: In the bonds and obligations OF
school district boards, boards of educa-
ton and other corporate bodies within
such cities, authorized to issue bonds pay
able primarily from taxes levied on all
the taxable property In said district; pro
vided that the population OF the district
ls ten thousand or more. and the .popula-
lion and assessed valuation of the dis
triet are equal to at least ninety per cent
of the population and the assessed Yalua-
ton Of the city within which such dis
trlct is located; provided further that the
net municipal Indebtedness of such dls-
trict does not exceed five per cent of the
last preceding valuation OF the property
therein for the assessment of taxes
": In the bonds or obligations Of any
municipal or quasi municipal corporation
of this state. when such securities arc a
direct obligation on all the taxable prop
erty of said corporation.
Third, u: In the railroad bonds OF this
state.
IL In the first mortgage bonds OF any
completed railroads of the states OF New
Hampshire, Vermont Massaehusetts'
kh0dS lSllnut 1OnneNtiChl, Nc"
New Jersey. Pennsylvania, Maryland.
Ohio, Indiana, Kentucky, Michigan, Wis
consin. Minnesota. Iowa, Illinois, Missou-
ri, Kansas and Nebraska.
a: In the first mortgage bonds OF the
Central Pacific, Union Pacific and North
ern Pacific railroads.
d: In he mortgage bonds of any rail-
road leased to any dividend paying rail-
road i'll New England upon terms guar
anteelng the payment OF "a regular stated
dividend upon the stock Of such leased
road and the interest on It's bonds.
e.: Street railroad companies are not
railroad companies within the meaning OF
the foregoing clauses of this section.
4: In the bends of street RAILROADS
constructed In this state prior to April
twenty-SeVen, eighteen hundred ninety
I'VE, and in the bonds of street railroads
in this state constructed after said date
and In the first mortgage bonds of any
completed street railroad In the states OF
New Hampshire, Vermont, Massachu-
setts, Rhode Island. Connecticut, New
York, New Jersey, Pennsylvania, Mary
land Ohio, Indiana, Kentucky. Michigan
Wisconsin, Minnesota, Iowa, Illinois. MIS-
souri,. Kansas and Nebraska; provided
that in the case of street railroads con
structed in this state after April twenty
seven eighteen hundred and ninety-hNe
| and In the case of street railroads In the