The Somerset reporter., 1903-04-02

states above named, an amount OIL Capital
stock equal TO tntrty-three and one-tnird
| per cent. OF the mortgage DEBT snail have
/ been paid in. In cash, and expended upon
/ the road evidenced by certificate OF the
railroad commissioners of the state where
| the road Is located. FLED in the Office of
| the secretary OF state Of this state, that
said percentage has been 50 paid IN and
expended in addition 10 the amount OF
the bonded debt, provided, that in such
al the un6ye states as hate no railroad
commissioners having supervision OF
street railroads the bank examiner OF this
state may ascertain the facts ana IL they
meet tae foregoing requirement may nle
fertItCIte thereof with the secretary of
state and al Inc EXPENSES ana coInpeflSd-
ton IF me hank examiner Tor such SER
Fiee -hllf be paid by the railroad COM
panty seeking 10 make Its bends legal
invest mont under THIS section, whether
tuv same are admitted or not.
fourtas In the mortgage bonds OF any
/ waiter company IA Tue New England
states HHIuHlty engaged in supplying any
Efft ct HIIee. town or towns. village or
villages. al other municipal corporations
win WHtsr Tor domestic use ana for the
HxfnEHIsnnt al fires whenever such
eamptHs IS earning more than its fixed
EHHrges and Interest on It's debts and its
running expenses.
tIttns Ia bonds OF any corporation
atnor IMAM raiirusta and water companies,
aeurpsHaIed under the authority OF this
Stale. AHEh are earning and are paying
q tr-HHaE dividend Of not less than hVe
s.>ta. "a An the stock Of any bank or
banking association Incorporated under
Hat authority u this state.
Il. IA me stock of any bank or bank
lax Hs#4# alton Incorporated under the
I4ih'fts 81 the United States, II located
NItuu rae Sew England states.
e.. 90 IHe stock OF any railroad com
FaLy of TINS state uneneumDered by
ta9ftgaAs
~ ia The stock Of any dividend pay
lag riiIrotd Ina New England.
= in the Stock of any railroad leased
- any dividend paying railroad IN New
England apon terms guaranteeing the
pa5 mrut Of regular stated DIVIDEND up
GA the stock OF such leased road and the
interest IN its bonds.
1. ln the stock ol any corporation, 9TH
er Than railroad ana water companies, IN
eorporated uuuer authority OF tbs state
which earns ana Is paying Il regular div
idend vi not less than live per cent a
year
SIXTH, "a: In loans secured by first
MORTGAGES or real estate in this state and
New Hampshire To an amount not exceed
Ing sixty per cent of the value OF such
real estate.
n In notes with pledge as collateral
Of any public funds or bonds of any Kind,
or OF any stocks, which the bank or in
stitution would, by this section, De au-
thorized to purchase.
q: In notes Ns. pledge as collateral
OF any savings Dank deposit book issued
by any savings bank in this state.
a. In notes with IA pledge as collateral
OF the stock OF any railroad or railroads
mentioned in this section, to an amount
not exceeding seYenty-iiVe per cent OF the
market value of such stock.
e: In loans to any municipal corpora
ton in this state.
4: In loans secured by a mortgage of
sucn personal property as in the JudS-
ment OF the trustees 1t Is safe and for the
interest OF the bank to accept.
u: In loans to any corporation owning
real estate an this state and actually con-
ductng IN this state the business Tor
which such corporation was created.
Seventh, IA: The term net municipal
indebtedness OF counties as used III this
section shall be construed to include all
bonds which are "a direct oblgatloh Oh the
county, less the amount OF any sinking
fund available in reduction OF sucn aeD.-
b: The term net municipal indebted
ness Of cities and districts as used IN TINS
section shall be construed 10 Include n
the case OF either, not only all bonds
which are direct obligation Of the cites
hut also all bonds OF the districts or
boards within the same as above endmcr-
ated, exclusive Of amy such debt created
for "a water supply and of the amount OF
any sinking fund available in reduction
of such DEBT.
q: The number of inhabitants of cities
and counties shall be determined by the
last previous official census there
OF as established by the last United
States or state census, or city or
county census taken in the same manner
AS United States or state census, and
duly certified to by the clerk or treasurer
of such city or the auditor or treasurer
of such county.
Eighth All Investments shall be
charged and entered on the DOCKS OF the
bank at their cost to the bank, or at par
when a premium is paid.
[Approved March 28.1
Chapter 1871.
An Act to amend Section ten OF Chapter
nineteen OF the Revised Statutes, relat-
ing to the Law of the Road.
Section ten of chapter nineteen OF the re-
vised statutes is hereby amended by in
sertng after the word thereon" in the
sixth line thereof. the following: And all
teams with wheels If drawn by more than
two horses. oxen, or mules, must must Ia. :,
inches wide, when travelling on the road
from Lawton's Quarry In Smithheld, IN
Somerset County, to Norndgewock VII
lage,' So that said section as amended,
shall read as follows:
Section 10. Teams with wheels, II drawn
by more than two horses, oxen or mules,
must have the rims Of their wheels at least
four inches wide, and IL drawn by more
than four horses, oxen or mules, at least
i've inches vide, when travelling on the
road from Jackson Brook, in Washington
county, To Forest City; and no team drawn
by more than six horses, oxen or mules.
shall travel thereon. And all teams with
wheels, If drawn by more than two horses,
oxen or mules must nave the rims OF their
wheels at least six inches wide, when tray
cling on, the road from LAYTON
county to Norridsewock village, This
section Is not applicable to stage
or pleasure carriages, or to those owned by
the state or the United States, or TO any
cart or wagon owned by the settlers In the
vicinity and used for farming purposes.
The owner or driver of a team Violat-
ing this section forfeits twenty dollars.
and one dollar more Tor each mile OF road
passed to be recovered by complaint
before a trial justice in the county where
the offense was committed, and on mel
or complaint he may Issue his warrant TO
seize and detain such team 10 respond 10
| such fine and costs.
Improved March Isl
Chapter 1872.
nIurfaf IF
Chapter two hundred eighty-four of the
Pubic Laws of eighteen hundred and
ninety-one. entitled AN Act to CONSOLE
date and simplify the laws pertaining
| to sea and shore fisheries as contained
in Chapter forty of the Revised stat
utes' and in amendments and additions
thereto.
Section 1. That section forty-eight of
| chapter two hundred eghty-four of the
| public laws Of nineteen hundred ana one,
! are hereby amended by striking out the
word "htteenth' in the twenty-siXth line
| and inserting therefor the word thir-
tieth, so that sd section as amended Will
| read as follows
No smells shall be taken or fished for
| In tidal waters except by hook and line
| between the first days Of April and Octo-
| Der under n penalty of not less than ten
| nor more than thirty dollars for each OF
! fense and further penalty OF twenty
| cents for each smelt so taken, ana all
weirs for the capture OF smets shall be
| omen and 50 remain, and ali nets used IN
| the smelt and tom cod fishery shall be
| taken from the water on or before the
first day of April under penalty OF not
| less than twenty nor more than ntty doll
| lars and a further fine of hve dollars Tor
each day that any such weir or net remains
| In violation OF law. But weirs With catch
| pounds covered with nets, the meshes or
| which are one inch square in the clear, or
| tor NOT sllh n.