Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1903-03-30

OF any unpaid dues, fines interest
premiums and other charges received
thereon. which may be enforced in the
manner hereinafter provided
| section z. Section one hundred forty
eight OF chapter sixty-one, public laws OF
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 a 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 AZ follows:
Section 1B. 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 new series of shares
is to be issued. Profits and losses shah be
distributed to the various shares existing
at the time of such distribution, in pro
portion to their value at that time, and
snail be computed upon the basis of u sin
gle share, fully paid TO the date OF dis
trlbution. Losses shall be apportioned
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 of the association actually COL
iectcd. AT each periodical distribution of
profits the directors shall reserve as a
guaranty fund a sum not less than three
nor more tlan ten per cent of the net prof
its accruinS since the next preceding ad-
lJustment, until such fund amounts to five
per cent OF the dues capital, which fund
snail thereafter be maintained and held.
ana SAID 1und Shall be at all times avail
liable to meet losses in the business of IN a
association from depreciation in it's secur-
tiles or otherwise.
| Section 8. Section one hundred and for
| ty-nine 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
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 sell, 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
| any association may extend said time in
which said real estate may be Sold
| IApproved March Ill
| Chapter 80.
| An Act relating tc the commitment Of the
| Insane, and to abolish the right of an
| peal to Justices of the Peace and Quo
| rum.
Section 1. Section fifteen of chapter one
| hundred and forty-three of the revised
statutes is hereby repealed.
| Section 2. Section sixteen of chapter
| one hundred and forty-three of the revised
statutes is hereby amended so as to read
as follows:
Section l6. 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
| ative 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
| ly inquire into the condition of such al
| legged insane person and shall proceed in
the manner provided in section thirteen.
| Section 3. Section seventeen of chapter
one hundred and forty-three of the revised
statutes. is hereby amended SO as to read
| as follows:
| Section II. Such justices shall keep a
| record of their doings and furnish copy
thereof to any person Interested request
| ing and paying for it; they shall be en-
| titled to the same fees as for criminal
| examination. to be paid by the person or
| corporation liable in the rs.t instance for
the support OF the insane person in the
| hospital
sectior 4. This act shall take effect
[Approved March III
| Chapter 81.
Ar Act to amend Section four of Chapter
| eightysix OF the Revised Statutes as
| amended by Chapter one hundred fifty
| seven, Public Laws of eighteen hundred
and ninety :hree, relating to trustee
| suits
| Section /. Section four of chapter
eighty-six of the revised statutes as
amended ny chapter one hundred fifty
seven Of the public laws D. eighteen hum
dred and ninety three is hereby amended
| ly inserting after the wor1 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
| members of the firm so that said sec
ticr as amended shall read ;,a follows:
Section like service On the trustee
5indS all goods. effects. or credits .. the
principal defendant entrusted to and de-
posted IN bis possession, to respond to the
| final judgment in the action. as when at
tached by ordinary process. When a
partnership is made 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
of the principal defendant in the possess
sion of the firm.
| Section .. This act shall take effect
when approved.
| [Approved March i'll
| Chapter 81.
An Act to amend Paragraph five of Sec
| tor sixtytwo of Chapter eighty-one of
| the Revised Statutes. relating to proper
| ty exempt from attachment and execu
| ton.
Section l. Paragraph five of section
| siNty-two of chapter eighty-one of the re-
vised 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 81. Paragraph v. All produce
! of farms until harvested; one barrel of
flour; corn and grain necessary for him
/, self and family, not exceeding thirty
bushels; all potatoes and other provisions
raised OF 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.
EApproved March Ill
Chapter SO.
An Act relating to the attachment of
Partnership Property.
Section /. The personal property Of any
CO. partnership, or the interest of any CO.
mariner therein shall be exempt from at
tachment on mesne process or seizure on