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

An Act to anerd Section ffty-eight Of
Chapter Two Of the Revised Statutes.
RELAXING 10 deposits by the State Treas
ur"r.
Section ]. Section fifty-eight of chap
ter two of th. revised statutes is hereby
amended bv striking out all of said sec
ZION and inserting in place thereof the
following:
'sccticn IS. Tho treasurer may d, post
the moneys of The state in any "i the
banking Institutions or trust CON va MES
organized und the laws OF this late or
in any natiOn@l bank or banks located
therein. Not exceeding twenty thousand
dollars shall be deposited i'll any ono
such bank or Institution unless fifteen
per cent If the sum Of its capital stock
and surplus exceeds said amount in
which case said deposit may be in
creased 10 an amount equal to said fif-
teen PEI cent The above restrictions
shall not apply TO deposits actually
made to meet the payment of the bond
ed debt Of the state and the interest nc
cruing thereon. Deposits for this pur-
pose may be made in any bank when
bonded debt as above is about to ma
turc where by terms of the contract such
debt and interest are made payable
Section =. This act shall take effect
when approved.
Approved February Is, 1907
Chapter 1S.
An Act to amend Section seventy-seven OF
Chapter ter of the Revised Statutes
relating to the sales of land for Taxes
in Incorporated places
ScctiOn SeVen1y-Seven Of chapter ten OF
the revised statutes IS hereby amended
by striking out tie word twenty in the
twelfth line of said section and substi-
tutrG in place there OF the word ten
that said section as amended, shall
read as follows:
Section -. When real estate is so sold
fer taxes. the collector shall. within
thirty days after the day Of sale. lodge
NJ
tifcate under oath designating the guam
THY of land sold, the names of tho own
erS Of each parcel and the names of III.
pure ha@er; what part OF the amount of
charges; also Il deed of each parcel sold,
running to the purchasers. The treasurer
shall net deliver the deeds to the grant
ees. but Put them on file in his office,
to be delivered at the expiration of two
years from the day of sale, ir the case
of lands of resident owners. and one
year from the day Of sale IN the case OF
lands Of nonresident owners, if the own
err does not within such time redeem his
estate from the SALE by payment of the
taxes. and all charges. and interest on tho
Whole ut the rate Of ten per cent from
the day OF sale TO tn time of redemp-
ton, and costs rs above provided with
siXty-seven cents for the deed and GER
ufcate Of Acknowledgment and all
sums paid Tor internal revenue stamps
affixed to such deed. If the deed Of land
of 4 nonresident owner is recorded with
in thirteen months after the day of sale
TO intervening attachment or conveyance
shall affect the title If so redeemed. the
treasurer shall give the owner q certii-
cate thereof. cancel the deed. and pay to
the grantee, On demand, the amount so
received for him. IL not so paid. he
shall deliver to the grantee his deed, on
payment OF the fees as aforesaid. for
the deed and Acknowledgements and thirty
cents more for receiving and paying out
the proceeds OF the sale. For the ndel.
ity of the treasurer in discharging the
duties herein required, the town Is re-
-ponsible.. and has a remedy on his bond
in case Of default.