The Republican journal. [volume] (Belfast, Me.) 1829-current, 1907-04-04

securities named in such contracts,
agreements, trades or transactions shall
office, store or other place where the
keeper or proprietor thereof either in his
or it's own behalf, or as agent as afore-
said. therein makes or offers to make,
with others. contracts. trades or trans
actions for the purchase or sale of any
such securities or commodities, wherein
the actual or bona fide receipt or de-
livery of such securities or commodities,
but do contemplate a settlement thereof
based upon differences in the prices at
which said securities or commodities are,
or are claimed to be. bought and sold
Section 2 No corporation, association,
cause to be kept, within the state any
bucket shop, as defined in section one
of this act, or shall make or offer to
make any such contract agreement,
said section; and any person. whether
acting individually or as u member. otil-
ton, association: or copartnership that
shall keep or assist in the keeping of any
bucket shop within this state or that
snail make or offer to make any such
prohibited contract. agreement. trade or
transaction, whether the offer is accept
ed or not. shall, upon conviction thereof
be punished for first offenSe by a fine
not exceeding three thousand dollars or
by imprisonment until such fine is paid
but not for more than one year; and any
person who shall be guilty of second
Vction thereof, be punished by imprison-
ment for not less than two years and not
more than five years and. if the offender
is corporation, it shall forfeit its char
ter The continuing of the keeping of d
bucket shop by any person, corporation,
association or copartnership, after itrsl
conviction therefor. shall be deemed a
second offensc under this act. 1t is tn~
purpose of this act to prohibit, punish
and prevent the carrying on of the bust
known as bucket shops, including the
practice commonly known as bucket shop
ping by persons, corporations associa-
tons or copartnerships ostensibly carry
ing on the business of commission mer-
chants or brokers in grain, provisions,
petroleum, stocks and bonds.
Section 3; Any corporation association,
copartnershlp or person who shall COM
municate. receive. exhibit or display, in
any manner. any statements or quota
tons of the prices of any property men
toned in section one hereof, with view
10 any transaction in this act prohibit
ed, shall be deemed an accessory and
upon conviction thereof shall be subject
as provided in section two of this act.
Section 4. 1t shall be the duty of every
COMMISSION merchant. copartnership, as
business as such to furnish. upon de-
mand. to any customer or principal for
Wnom such commission merchant, bro
cation has executed any order for the
actual purchase or sale of any Of the
securities. or commodities hereinbefore
ture delivery. written ''i Statement tf con- 1u
tanning the names of the parties from
whom such, property was bought, or to
whom it shall have been sold as the
case may be; the. time when the place
where, and the price at which, the same
was either bought or sold: and IN cas-
such commission merchant broker, CO.
partnership corporation or association
snail refuse promptly to furnish such
statement within twentyfour hours, after
such demand, the fact Of such refusal
shall be prima facie evidence that the
property was not sold or bought in a
legitimate manner.
Approved March 20. 1901
Chapter 1853.
An Act to prohi5it the issuance and ac-
cepta.He ul Free TRANSFORMATION by
state Officials over steam and other
railways.
Section T. No person hclding any state
Office sEail reque?t for himself or another
acc' pit or use any free Transportation ,Dan
a steam or ulhe- railway, or any ticket
Or token which entities him to transpor-
has PAID less price than is demanded of
the public generally; and 10 officer, agent
or Hmploye of such railway corporation,
snail knowingly issue. deliver or offer to
any. person heroinbefore mentioned or to
or for any other person. at the request.
snllcitation or procurement of any state
oiicer, except for cases of charity, free
transportation or any ticket or token
winch entities him to TRANSFORMATION at
q less rate of fare than is demanded of
the putiic generally.
Section p This statute shall not aprlv
to the issuance and interchange of passes;
1or officers. agents, employees. surgeons
rhNsi2iaas and attorneys of RAILROADS and
othrr carriers, and their families. bur
Slcn Officer agent or person, if holding slr
receiving free reduced rate trarsporta-
non, snail rot receive from the state any
mileage or pay for personal trarSportl-
ION as such stale official over tho ste,a NOR
other railway from which he has free or
rccuced rate transportation: and ii shall
be the duty, of all railway corporations,
within tive days of issuance, 10 file with
tn" secretary of state the name OF every
state official to whom free or reduced
rate tfranSportat icr is issued by Sail COZ
polatlon the kind of transportation. the
time for which it is good and the reason
for SO doing.
1t shaN he the duty of the secretary Of
state to keen in Il suitable book a record
OF all such free or reduced rate transport
.at.1n, $" Issued to any state official,
which record shall be open at any time
ition.
Section 3: ANY person convicted of a
violation of any of the provisions OF this
act shall be punished by a fine not Tess
than one hundred dollars nor more than
five hundred dollars.
Section I. This act shall take effect
thirty days after it is approved.
[Approvcd March 2G, 1907
Chapter 154.
An Act to amend Section forty seven Of
Ihapttf fortN-SeNeH of the Revised
Statutes. relating to Corporations.
Section !. Section forty-seven of chap
ter forty-seven of the revised statutes
is hereby amended by inserting after the
word '@lected'' in the fifth line thereof
the words by whom vacancies in the
beard OF directors other offices may b.
lIlieh, 50 that said section, as amended
shall read as follows:
Section A. Corporations may among
other provisions, determine by their by
laws. the manner of calling and conduct
ing meetings: the number of members
that constitute IA quorum; the number of
votes to he given by shareholders; by
whom ANY and all officers except presi-
dent and directors shall be elected by
whom vacancies in the board of directors
or other officers may be filled: the tenure
of the several offices, the mode of voting
by proxy; and of selling shares for
neglect to pay assessments; and may en-
force such bylaws by penalties not ex-
ceeding twenty dollars. A corporation.
at legal meeting of its stockholders
may vote to change its name and adopt
a new one: and when the proceedings of
such meeting, certified by the clerk there
Of are returned to the office of the secre-
tary of state to be recorded by him, the
name shall be deemed changed; and tho
corporation, under its new name, has the
same rights, powers and privileges, and is
subject to the same duties, obligations
and liabilities as before and may sue
and be sued by it's new name; but no
action brought against it by its former
name. shall be defeated on that account,