Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-03-29

ors n certified copy Of the record o
transfers of wild lands or any portion o
wild lands within ten days after sucl
record Is made.
Secr.on = Such copies shall be place,
on file and retained fer future reference
by tn, board of state assessors.
Section g. This act shall apply only Y
transfers made subsequent ito the date o
the approval of this act.
[Approvcd March 20. POL
Chapter "a.
An Act to provide for amendments q
articles Of association filed under Cjris,
ter fifty-three of tho Revised Statutes
relating to Street Railroads.
Section I. Ii a street railroad corpora
tor organized under chapter ffty-thres
OF the revised statutes of Maine, In pre-
pairing, its location under section sevca Of
said Chapter. finds that the length
exceeds the length of road set forth
III it's articles of association. it may By
addressed to the railroad commissioners
and upon such notice as said commits
siOners NAV deem necessary, amend said
articles Of association by providing fol
such additional length Of road, and by in.
crcasine the amount ot its capital STOCK
to the amount required by section two OF
said chapter. Such increase in capital
stock shall be subscribed for in good
cent paid thereon in cash to the directors
An additional affidavit shall be endorsed
thereon or. annexed thereto made by q
, majority Ct tile directors. that said addi-
tional capital stock. has been in good
faith subscribed and Ave per cent paid
thereon i'll cash as aforesaid, and that
it Intends in good faith TO construct;
maintain, and operate the additional
length ct road provided for by said
amendment. Said amendment shall b.
subject to approval by the railroad conc
-....
of said chapter. III refe renoe to the origi-
nal articles of association.
Section :. No amendment shat, be nee
essary 50 long as the length OF Apr owed
location does not exceed the length ri
rodG as specified in the articles Of asSo-
citation.
Section ). After said amendment has
been approved and recorded by said rail.
road commissioners. it shall be recorded
in the office of the secretary of state and
certificate OF said amendment shall be
issued by said secretary to said corpora
tion upon payment to said secretary of
such additional fec if any. a>'wou!d have
been required if the capital stock AS pro-
vidcd by the articles of association had
conformed to the capital stock as
Section 4. T.hi. act shall take effect
when approved.
[Arproycd March u, 1901
Chapter e5.
AL Ac; TO amend Section forty Of Chap
ter forty-one OF the Revised Statutes
relating to Seines.
forty-one of the revi.nd statutes is here
By arlerdrd by striking out i'll the first
line Of said section. the words five hum
drcd." and inserting in lieu thereof the
word: one thousand. so that said sec
ton when amended, shall read as fol
lows:
IS, elton 40 No person shall SC; am ms
or seine within one thousand feat OF the
J, s.f yr-0iI v,x1n Nf
nifty dollars for each offense.'
Section > This act shall take effect
when approved.
!ArprcveC March Il. 1901
Chapter e6.
An Act additional to and amcnlatory Of
Chapter. forty-eight Of the Revised
Statutes Of the State of Maine,
amended relating to the org mia ton
and management of Trust Companies.
jurity vi whom shall be residents of the
state. .who associate themselves BY Al
agreement in writing for the purposes OF
forming a trust company. may. upon
on:nliance with the provisions OF this act
become corporation, subject to all the
duties, restrictions and liabilities SET
forth in all general laws now or here
after in force relating ito such corpora
tons. with power; first. to receive on de-
posit. money. coin. bank notes, evidences
Of debt. accounts of individuals. conrpa,,
states. allowing interest thereon. IL
agreed, or as tho bylaws Of said corpora
ton may provide: second. to borrow
mol,yy, to loan money on credits. or real
estate. or personal security, and to nc
gotiate loans and sales for others; third,
to own and maintain safe deposit vaults.
therein; t. be rented to other parties for
the safe keeping of moneys. securities.
stock, iewelry, plate. valuable papers
and documents. and other property sus--
ar I,nin tnJ - IN nj
may receive on deposit for safe keeping.
property Of any kind entrusted to it for
that purpose; fourth to hold and enjoy
az may be obtained by tho investment OF
its capital stock or any other moneys and
funds that may come into its possession
in tire course of its business and dealings,
and the same sell. grant. and dispose Of:
fifth, 10 act as agent for issuing. regis
tering and counters igninG certificates,
bonds. stocks. ard all evidences OF debt
or ownership In property: sixth. to hold
by grant. assignment. transfer. devise,
or bequest. any real or personal property
or trusts. duly created. and to execute
trusts OF every de 'cription; seventh. to
act as assignee. receiver executor. and no
surety shall be necessary upon the t,ond
Of the corporation. unless the court or
it: eighth, to do in general all the bust
ness that may lawfully be done by trust
and o banking com9panies .,.u
forth that the subscribers thereto a.sso-
cIate themselves with the intention OF
forming corporation. and shall spccif-
Gully state:
First. the name by which the corpora
tiun shall be known.
Second. the purpose for which it is
Termed.
Third. the city or town. which shall be
within this state. where its business is 10
bt transacted.
Fourth. the amount Of It's capital
stock and tn" rumbcr of shares into
which tho same is to be divided.
Zach associate shall subscribe to the
articles his name residence. pest office
address and the number Of shares of
stock which he agrees Ito take.
Section }; notice Of the intention OF
the subscribers to form such q trust
company shan be given to the bank eX-
amr.cr. notice in such form az said
examiner shall approve shall be pub
lishcd mt least once = week. for three
successive weeks in one OF more news
papers designated by said examiner, and
published in the county in which it is
proposed to establish the company. Such
notice shall specify the names of the
proposed ircorporators. the name Of tho
corporation ard the location of rhe same,
as set forth in the above mentioned
agreement of association. Within thirty
days after the first publication of said