Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-03-25

two following sections. is hereby re-
Section ;. This act shall take enec,
on, the first day of July one thousaiiu
nine hundred and five. - ,o,
TApprovcd March Il, 1D'I
Chapter IS.
An Act to provide for the appointment
of Receivers Of Corporations.
Section |. Whenever any corpoIdtIr'i
shall become insolvent. or be IN iI.,ni.
nent danger Of Insolvency. or whenever
through fraud, neglect or gross ni,S
management Of its affairs. or throusn !,
attachment, litigation or otherwIse' 49,"
estate and effects are in danger OF Delm5
wasted or lost. or whenever itInhS ee'o oS
to do business, or It's charter mas ex-
pired or been forfeited, upon appiIcat,lIpsa,,
of any creditor or stOckholder by ,l 81. :
in equity filed in the supreme luu.ci u, =,
court in the county IN when i. i nr IN
which II held it's last stockholders meei,
ing. upon which bill such notice sm ;,asl
be given as may be ordered by an! 1
tice of such court. in term !iiin n' nat
cation. such court may, il it finds tna'
sufficient cause exists. issue an lnIuiic-
ton. both temporary and permanent. re-
straining said corporation NJ, nS ,nonevs
having any debts. selling or Transferring
any assets of the corporation. OF eXeF-
cising any of its privileges or Iranrniscs
until further order. and may AZ an! tIiue
make a decree dissolving said corpora
ton. 49, Ill.,; 90 raar;nr
any such injunction or at any time AFTER
wards during it's continuance, such court
NAV also appoint one or more receivers
fo wind up the affairs OF the company.
who shall be duly sworn, and give bond
in such sum and upon such conditions
as such court shall determine, and shall
AT all times be subject to the direction
the cnIlrt which
any time remove said receiver and APP
paint another in his place. All attach
ments made within thirty days before
the filing of any such bill in equity.
wherein a receiver is SO appointed, shall
thereupon he dissolved.
Section 3. Such receiver shall have
power to institute or defend suits at
law or in equity, in his own name as
all property and assets of said corpo-
ration, to sell. transfer. or otherwise
convert tho same into cash. and to con-
duct and carry on the business of said
corporation, as ordered by the court. if
1t appears for the best interests of all
concerned. He shall report to the court
at least as often as every six months a
statement of all the assets and lfabili-
to time shall distribute the assets of
said corporation as provided in section
scventy-nine of chapter forty-seven.
Section T. Whenever Il receiver Is
appointed as above, the court shall limit
time, not less than four months. of
which decree notice shall be given, with
in which al claims against said cor
pOration shall be presented, and make
such order for tho manner Of hearing
and proving same as may be just and
proper. and all claims not SO presented
shall be forever barred.
Section ). Said court may in it's dis
erection. in lieu of decreeing the disso-
luton Of such corporation, order the
receiver sell it's nrOnprfv and fran
chises: and the purchaser thereof shall
succeed to all of the rights and privi-
leges or such cornnrLtlon. and may reor-
ganize the same under the direction OF
erty at public auction. the court may. in
it's discretion. authorize the receiver to
accept In payment. duiy allowed claims
against such corporation. at proper
Section 6. The court shall have iuris-
diction in equity Of all proceedings
hereunder and may make such orders
and DEGREES as equity may require.
Section Z. Section seventy-eight of
chapter forty-seven OF the revised stat
utes is hereby repealed.
Approved March Il. 1867
Chapter s6.
An Act to amend Chapter ten Of the Re
vised Statutes. relating TO the Collection
OF Taxes on organized plantations taxed
as wild lands.
Section !. Section lightweight Of chap
ter ten of the revised .tatutes is hereby
amended. SO as to read as follows;
Section S. Warrants for state taxes
on organized plantations taxed by the
treasurer of state TO the assessors of each
plantation in which such lands are STU
ated in the month OF April of eacn year.
III the month of April OF each year the
county commissioners OF each county
shall issue to the assessors of each or
G;inized plantation taxed by the state as
wild land their warrant for the amount
of county taxes apportioned to said piari-
tation.' !.
Section 2 Section eighty nine OF said
chapter OF the revised statutes is hereby
So So t. ,s read as sc
plantation shall add the amounts of said
state and county taxes certified to them
by the treasurer of the state and the coun
ty commissioners to their assessment for
plantation purposes. and assess the same
on the real and personal property in such
plantation to the owner or person in pos
session in accordance with their valuation
thereof. including such Overlay. not AK
Ceeding five per cent thereof. as Il frdc-
tional division renders convenient
Section 3. Section ninety of said chap
ter ten is hereby amended. so as to read
as follows
Section 20. In July of each year said
assessors shall commit the same with "A
of taxes. to be elected by said plantation
at its annual meeting. or in default
thereof to he appointed by said assessors
directing him to collect and transmit the
said state taxes to the treasurer of the
state by December first next after the
date of commitment. and also directing
him to collect and transmit the said cOun-
ty taxes 10 the county treasurer by De-.
Cculbcr first next after the date of COM
mitment.'
Section T. Section ninety-onc Of said
chapter is hereby amrnded. 80 as to read
as follows:
Section 81. Said collector shall Civ"
bond to the plantation In such sum and
with such sureties as tho assessors there
OF require. and said assessors shall agree
with him as to his compensation, which
shall he paid by the plantation.
Section s. Section ninetv-two of said
chapter Ia hereby amended, so az to read
as follows:
Section o. Said collector shall settle
with the assessors by the tenth day of
December of csch year, and return to
them his collection list, showing the
amounts received or unpaid on each tax
in his list. On all such taxes then unpaid
interest shall he added from the first da v
cent until paid. The clerk of the planta-
ton shall record in a book kept for that
purpose such returned collectors list
with the collectors return thereon
showing the amounts received or unpa I'd
on each tax in the list. which record shall
be evidence of the facts therein stated
Section s. Section nincty-three of said
chapter is hereby amended. so az to read