The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1909-04-08

0miner OF this etote, meg IN Inc omce OF
said percentage has been 30 paid In and
expended In addition to the amount OF the
bonded debt; provided, further, that IN
bonds may be certified as legal for the
purpose hereof. on satisfactory proof to
the bank examiner that annual dividends
In amount equal to I'VE per csnsum s, per
equal to one-third of the bonded debt
has been earned and paid for period OF
five years next prior thereto; ana a ,ne
report may charge and collect In ADDITION
to any. compensation now provided by
law for their regular official duties. rea-
sonable compensation for such service
and all expenses attendant thereon. in
GLIDING the employment OF experts the
same to be paid by the railroad company
seeking to make its bonds legal invest
ment under this section, whether the
same are admitted or not. No bonds
secured by an open 1,, m9r.s a tb sna,, or 9e
gage provides that the total amount Of
bonds certified and outstanding under 1t
shall at no time exceed seyenty-hye per
cent of the amount of cash expended
upon the road
Section 2. Said section twenty-three Of
the revised statutes Is further amended
by striking out all of subdivision ninth
and substituting therefor the following:
maturity shall be charged and entered on
the books OF the bank at their-cost to
the bank. or at par when premium Is
paid. The. bank examiner may REQUIRE
any investment to be charged down to
such sum as in his judgment represents
its fair value. He may at any time call
for a report of the financial condition of
any corporation offering, or likely to
offer, its bonds, stocks or notes to any
savings bank in the state. or whose notes
are held by any such savings bank as
fed by the oath OF such officers OF said
corporation as he may specify. He may
communicate any such report, OF an alb.
said savings banks. II such report is not
furnished the bank examiner within, the
time specified in his call therefor, or
within such extension of time as he may
grant, the bonds. stocks and notes OF
such corporation shall thereupon cease to
be a legal investment for savings banks
under this section, and shall not again
in all respects satisfactory to the bank
examiner is furnished. Any officer of
corporation who wilfully makes false
report here under, and any officer, trustee.
bank, trust company or loan and build
Ing association who wilfully and know
ingly undertakes In any manner to de-
ceive or misead the bank examiner. or
any officer or representative of the state
banking department, as to the true con-
dition or value OF any OF the investments
loan ard building association, or wiAful'y
Gomez Thy material fact connected
Herewith shall be punished by fine not
exceeding five hundred doliarsSor I'M
prisonment not exceeding two years. or
by both such fine. and Imprisonment.
approved March 26.)
Chapter $50.
An Act to amend Sections fifty-eight and
fifty-nine Of Chapter nine Of the Re
vised Statutes regarding Roads In I'm
incorporated Townships.
Section /. Chapter nine OF the revised
statutes is hereby amended by repeating
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inserting in place thereof the following:
Section So. Said county commissioners,
in September, annually. by one or more
of their board, shall make an inspection
of all county roads and other roads origf-
nally located as town roads In the unin-
corporated townships and tracts OF land
In their counties, and shall thereupon1
to put them in repair, so as to be safe
and convenient for public travel, and
assess thereon not exceeding two per cent
OF the valuation thereof and shall assess
on the county the balance of said amount
II said assessment of two per cent Is not
sufficient to properly repair said roads;
as are equitable. conforming as nearly as
is convenient to known divisions and
separate ownerships, and shall assess
value thereof; and cause so much thereof
as they deem necessary for the purpose
aforesaid, to be expended on said roads
within one year thereafter, which assess
payment thereof. They shall make such
assessment by the first day Of each
January. and at the same time appoint
an agent or agents, skilled In road
building, not members Of their board. to
superintend the expenditure thereof, who
shall give bonds as provided in section
fifty-six; and they shall publish a list of
townships and tracts of land SO assessed,
with the sums so assessed on each, and
the roads on which 1t Is to be expended.
In some paper printed IN the county county
sively. the last publication to be within
three months from the date OF the assess
ment.
Section 2. Section fifty-nine of chapter
nine of the revised statutes is hereby re-
pealed.-(Approved March 26)
Chapter 1871.
An Act to amend Chapter eighty-three of
the Public Laws Of nineteen hundred
five, relating to Contagious Diseases
among Cattle.
Section /. Section two of chapter
eighty-three of the public laws of nine
teen hundred five Is amended by adding
as the last clause thereof the following:
except in cases Of cattle that have been
SO tested and certified within twelve
months previous to such sale, OF calves
under four months DID,
Section g. Section four OF said act Is
hereby repealed and the following section
enacted as section four:
Section L. Whoever violates any pro-
vision of the three preceding sections
snail Dc punlsneu by b me OIL hot ieSs
than twenty-five dollars nor. more than
fifty dollars for each offense. '-(Approved
March 26)
Chapter 152.
An Act to amend Sections forty-two and
forty-four of Chapter eight of the Re-
vised Statutes as amended by Chapter
one hundred and sixty-seven of the
Public Laws of nineteen hundred and
seven relating to taxation OF Express
q Section i. Section forty-two Of chapter
eight of the revised statutes, as amended
by chapter one hundred and sixty-seven
of the public laws of nineteen hundred
and seven 10 hereby further amended by
said section, the words two and one
half and inserting in place thereon the
word three 30 that said section as
amended shall read as follows:
Section AZ. Every corporation. COM
pany or person doing express business on
any railroad, steamboat or vessel In the
state, shall, annually. before the first day
of May, apply to the treasurer Of state
for a license authorizing the carrying on
of said business and any such corpora
make application for a license as afore-.
said, forfeits fifty dollars, to be recovered
by action OF debt in the name OF the
state; every such corporation, company
urer of state three per cent Of the gross
receipts of said business for the year
ending on the first day of April preceding:
Said three per cent shall be on all said
proportional part on all express Business
coming from other states or countries
into this state. and all going from this
state to other states or countries, pro-
piles to goods or merchandise in transit
Section 3. Section forty-four of said
chapter IL hereby amended by striking
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