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

of trade or exchange for the articles or
securities named In such contracts.
agreements. trades or transactions shall
reach certain figure; and also any
keeper or proprietor thereof either in his
or its own behalf. or as agent as afore-
said. therein makes or offers to make.
actions for the purchase or sale of any
such securities or commodities. wherein
the parties thereto do not contemplate
the actual or bona tde 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 >. No corporation. association.
copartnership or person shall keep, or
cause To be kept. within the state any
Of this act, OF shall make or Offer to
make any such contract. agreement.
trade or transaction as is defined in
said section; and any person. whether
acting individually or as IA member. ofn-
Ger, agent or employee OF amy corpora
tion, association. or corartnerShip that
shall keep or assist in the keeping of any
bucket shop within this state. or that
shall make or offer To make any such
prohibited contract. agreement, uade or
transaction, whether the offer IL --t pit
ed or not. shall. upon conviction thereof.
be punished for first offcnSc by fine
not exceeding three thousand dollars. or
but not for more than one year; and any
person who shall be guilty of 4 second
offense under. this act shall. upon con-
viction thereof. he punished by imprison-
ment for not less than two years and not
more than five years and. il the offender
is corporation il shall forfeit its char
ter. The continuing of the keeping al Il
bucket shop by any person. corporation.
association or cOpartnerShip. after Il IIrsl
conviction therefor, shall be deemed a
second ofense under this act. IL is IN.
DllrD0Sn ~ rnis d,
and prevent the carrying on of the bust
ness carried on in places commonly
practice commonly known as bucket shop
ping by persons, corporations. associa-
tions or copartnerships ostensibly carry
ing on the business or commission mer-
chants or brokers in grain. provisions
petroleum. stocks and bonds.
Section g. Any corporation. association.
copartnership or person who shall com
municate, receive, exhibit or display, in
tons of the prices of any property men,
toned in section one hereof. with n view
to any transaction in this act prohibit
ed, shall be deemed an accessory, and
upon conviction thereof shall he subject
tn the same penalty as the principal. ard
as provided in section two of this act.
Section 4. 1t shall be the duty of every
commission merchant, copartnership. as
sociation, corporation or broker doing
business as such to furnish, upon de-
mand. to any customer or principai for
whom such commission merchant bro
ker, copartnership. corporation or asso-
citation has executed any order for the
securities or commodities hereinbefore
mentioned. either for immediate or flu
ture delivery. IL written statement con-
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 aSsociati ton
shall refuse promptly to furnish such
statement within twenty-four hours after
such demand, the fact of such refusal
shall be priIna facie evidence that the
property was not sold or bought in Il
legitimate manner.
ApprCved March %, 1871
Chapter 1853.
An Act to amend Section ninety-fve of
Chapter forty-nine Of the Revised Stat
utes. as amended by Chapter one hun
dred twenty-one of the Public Laws Of
nineteen hundred and five. relating to
Companies.
ter fortN,nine Of the revised statutes
d dwen amended Of by n ehap,eE one hundred
teen hundred and five. is hereby amend
ed. 80 as to read az follows:
Section %. No conditions. stipu-
tiOns or agreements contained in any ap-
plication for insurance in any foreign or
domestic casualty or accident insurance
company, or contained in any policy is
sued by any such company. or lin any wa y
made by any such company limiting
the time within which notice of the acc
dent or injury. or death, shall be given
70 such company to a period Of less than
thirty days after the happening of the
accident. or injury. or death. shall he
valid. Said notice nay be given to the
company insuring at any time within
thirty days after the happening of the
accident nd haI
be valid and binding on the company
Section ,. This act shall take effect
when approved.
IArnroved March q, 1901
Chapter 1874.
An Act TO amend Section forty-seven of
chanttr forty-S"veE of the Revised
Statues. relating 10 Corporations
Section ]. Section forIy-.pvcn of chap
ter fortH-sevtn of the revised statute;
is hereby amended by inserting alter tho
word elected" in the fifth lin. thereof
the words by wnom vacancies in tho
near 'f directors or other offices may he
1ilied, 50 that said section, as amended
shall read as follows:
Section II. Corporations may among
other provisions. determine by their by
laws. tn" manner of calling ard conduct
ing meetings; the number OF members
that constitute quorum; the number of
votes to he gwen by shareholders; nv
whom any and all officers; except presi-
dent and directors shah be elected: by
whom vacancies in tn" board of directors
or other o:ticcrs 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 Ell
force such bylaws by penalties not ex-
c"edins twenty dollars. A corporation
at legal meeting Of its stockholders
may vote 70 change its name ana adopt
n new one; and when the proceedings OF
such meeting. certified by the clerk there
Of. are returned to the 1fticc of the score
tary Of state TO be recorded bv him. the
hume shall be deemed changed: and TIL.
corporation, Under its new name. has the
same rights. powers and privileges. and is
subject 10 tho same duties. obligations
ard liabilities as before, and may sue
and be sued by its new name: but no
action brought against il bv its former
nam" shall be defeated OF that account,
hui Oh me tior of either party, the new
name may he substituted therefor in the
action
Section .. This act shall take effect
when approved.
lArproved March 81 1901
Chapter 1855.
An Act to provide for the transfer of
persons from the insane department Of
the state prison to the building for the