The Republican journal., 1907-04-04

ENTY-THIRD LEGISLATU
ors a certified copy of the record OF
transfers of wild lands or any portion Of
wild lands within ten days after such
record Is made.
~, se sa Such copies shall be ,ef placed
by the board of state assessors.
Section 8. This act shall apply only to
transfers made subsequent to the date of
the approval of this act.
[Approved March 20. 1901
Chapter "a.
An Act tn provide for amendments to
articles Of association filed under Chap
Ter f1fty-three of the Revised Statutes,
relating to Street Railroads.
Section l. If a street railroad corpora
ton organized under chapter fifty-three
pairing its location under section seven Of
said chapter. finds that the length
of road intended to be constructed by it,
exceeds the length of road ans set forth
petition signed by AN of its directors,
addressed to the railroad commissioners,
and uron such notice as said commits
sloners may deem necessary, amend said
articles of association by providing for
such additional length Of road, and by in
creasing the amount of it's capital stock
to the amount required by section two Of
said chapter Such increase in capital
stock shall be subscribed for in good
1alth by responsible parties and five per
cent paid thereon in cash to the directors.
An additional affidavit shall be endorsed
thereon or annexed thereto made by q
majority Of the directors, that said addi-
tional capital stock has been in good
1alth subscribed and five per cent paid
y ieen IN cash a as af2resaid and that
MAINTAIN, and operate the. additional
length of road provided for by said
amendment. Said amendment shall be-
missioners, as provided by section four
of said chapter, in reference to the orgi-
nal articles of association.
Section 2. No amendment shall be nee
location does not exceed the length OF
road as specified lin the articles of asso-
citation.
Section g. 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-
such additional fec if any, as would have
been required if the capital stock AS pro-
vidcd by the articles of association had
conformed to The capital stock as
amended.
Section 4. This act shall take effect
when approved.
lAnproved March 81. 1907
Chapter 95.
An Act to amend Section forty of Chap
ter forty-one of the Revised Statutes,
relating to Sainss.
Section l. Section forty of chapter
by amen'ded by striking out in the first
line of said section, toe words five hun
dred." and inserting in lieu thereof the
words ''one thousand so that said sec
wi n 6n1 ri, = raIi
lows:
Section 40. No person shall set any net
or seine within one thousand feet OF the
n mouth Of airy weir Under penalty of
Section 2. This act shah take effect
when approved.
tArproved March p. 1907
Chapter 90.
An Act additional to and amendatory Of
Sshap5er e9frtyegs stat Of the Revised
amended, relating to the organization
and mama cement of Trust Companies.
Section ]. Five or more persons, a ma
state. who associate themselves by an
agreement in writing for the purposes of
forming trust company. may. upon
compliance with the provisions Of this act
duties. restrictions and liabilities Sc.
forth in all general laws now or here
after in force relating to such corpora
lions, with power; first, to receive on de-
of debt, accounts of individuals. compa-
MES, corporations. municipalities and
states; allowing interest. thereon, if
ton may provide; second, to borrow
money, to loan money on credits, or real
estate, or personal security, and to ne
gotiate loans and sales for others; third,
to own and maintain safe deposit vaults,
with boxes: safes and other facilities
therein. TO be rented to other parties for
the safe keeping of moneys, securities.
and documents, and ether properly sus-
ceptible Of being deposited therein, and
may receive on deposit for safe keeping,
property of any kind entrusted to it for
all such estate, real. personal and mixed
as may be obtained by the investment of
its capital stock or any other moneys and
funds that may come into its possession
IN tn. course of its business and dealings,
and the same sell, grant, and dispose OF;
fifth, TO act as agent for issuing, regis
ter!1g and countersigning certificates,
OF ownership in property; sixth, to hold
by grant, assignment, transfer, devise,
or request, airy real or personal property
or trusts. duly created. and to execute
trusts of every description: seventh, to
act as assignee, receiver, executor, and no
surety shall be necessary upon the bond
of the corporation, unless the court or
oIDC'Ei approving Sucfl DOHQ Snall require
it; eighth, to do in general all the bust
mess that may lawfully be done by trust
and banking companies.
Section 2. Said agreements shall set
forth that the subscribers thereto a4ssO-
cidte themselves with the intention OF
forming a corporation, and shall specifi-
Gully state:
First. the name by which the corpora
tion shall be known.
-, Second, the purpose for which it is
Termed.
Third. the city or town, which shall be
within this state, where it's business is TO
be transacted.
Fourth, the amount of its capital
stock, and the number OF shares into
which the same lis to be divided
kach associate shall subscribe to the
articles his name, residence. pest office
address and the number of shares OF
stock which he agrees ITO take.
the subscribers TO form such a trust
company shah be given to the bank ex-
aminer. A notice in such form as said
examiner shall approve shall be pub
lished at least once a 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
ineorporators, the name of tn.
and the location of The same,
as set forth in the above mentioned
agreement of association. Within thirty
days after the first publication of said
notice the subscribers to said agreement
shall apply to said examiner for GER
tihcate that public convenience and adj
Or Will a tod h., &L,<.o &.,l.