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


excess of fixed charges, interest on its
debts and running expenses equivalent
to five per cent per annum on an amount
of capital stock equal to one-half of its
entire funded debt, so that said sub
division as amended shall read as fol-
lows:
Fifth: In bonds of any corporation
other than railroad and water com
panies, Incorporated under the authority
of this state. and actually conducting in
this state the business for which such
corporation was created, which Is earn
Ing an amount in excess of fixed charges,
interest on its debts and running ex-
penses equivalent to five per cent per
annum on an amount of capital stock
equal to one-half OF its entire funded
ebt.'-(Approved February 19)
Chapter IL.
An Act to amend the banking laws OF
the State of Maine, and particularly
Section one of Chapter forty -eight OF
the Revised Statutes: by changing the
official designation of the head OF the
banking department. and by more
clearly defining his powers in relation
to expenses and to the employment OF
clerks.
Section one of chapter forty-eirht of
the revised statutes is hereby amended
by substituting for the word examiner"
the word commissioner and by adding
TO said section the following: wherever
the words bank examiner now appear
in the statutes of the state, they shall
be construed to mean bank commissions
er. The bank commissioner shall be paid
the salary now or hereafter provided by
law for that Office and his necessary
expenses and the reasonable
and necessary expenses of his office the
payment of which shall be made sub
lcct To the approval of the governor and
council. and shall be authorized to en-
ploy ut the expense of the state, one or
more clerks as the business OF the office
may require, the amount of their conf
pcnsation to be subject to the approval
Ne governor and council. and one of
2 WIN may be designated as deputy
bank commissioner. The present Dan],
examiner may serve out the unexpired
term of his office as bank commissioner
without new appointment SO that said
section as amended shall read as follows:
Section l. The governor, with the ad-
vice and consent of the council shall
appoint II bank commissioner, who shall
hold his office for three years, subject
to removal at any time by the appoint
ing power. and shall not during his con-
tinuance in office hold any Office in any
bank in the state. Wherever the words
bank examiner now appear in the stat
utes of the state, they shall be construed
to mean bank commissioner The bank
shall be paid the salary
now or hereafter provided by law for
that office and his necessary travelling
and the reasonable and neces-
sary expenses of his office, the payment
of which shall be made subject to the
approval of the governor and council,
and shall be authorized to employ at the
expense of the state, one or more clerks
as the business of the office may require,
the amount of their compensation to be
subject to the approval of the governor
and council, and one of whom may be
designated as deputy bank commissioner.
The present bank examiner may serve
out the mneXpired term of his office as
bank commissioner without new ap-
'-(Approved February 49,
Chapter 10.
An Act to amend Chapter eghty-four
of the Public Laws of nineteen hundred
and seven, in relation to Employment
Agencies.
Section five of chapter eighty-four of
the public laws of nineteen hundred and
seven is hereby amended by adding
thereto the following words, Nor shall
the provisions of sections two and three
hereof, apply to teachers agencies so
that said section as amended, shall read
as follows.
Section s. This act shall not apply to
the employment of seanen, nor shall
the provisions of sections two and three
hereof apply to teachers agencies'-
(Approved February 49,
Chapter ID.
An Act to amend Sections twenty-seyen
and twenty EIGHT of Chapter nine of
the Revised Statutes, relating to Taxa
ton.
Of chapter nine of the Revised Statutes be
and hereby Is amended by inserting
therein after the word vessels, wherever
the same appears, the words and
barges,' and by adding to- said section
the words the provisions of this section
shall not apply to steam barges,' so that
said section as amended shall read as
follows:
barges registered or enrolled under the
laws of the United States or foreign
owned wholly or in part
by inhabitants of this state, shall be
taxed upon an appraised value OF twenty
dollars 81 ton gross tonnage for new yes
sells and barges completed on or before
the first day of April of each year.
Vessels or barges one year old or more
shall be reduced In value at the rate or
one dollar a ton year for each addi-
tional year of age, until they shall have
reached the age of seventeen years, at
and after which time said vessels ana
barges shall be taxed upon an appraised
value of three dollars a ton, gross tom
mage. The provisions of this section
shall not apply to steam barges.
Section 2 That section twenty-eight
Of chapter nine OF the Revised Statutes
be and hereby Is amended by inserting
after the word vessels in the first line
thereof, and after the word vessels the
first time 1t appears in the second line
thereof. and after the word vessels the
last time 1t appears in the fourth line
the sixth line thereof, the words and
barges' and by inserting after the word
vessel in all the other places where 1t
appears in said section the word or
barge and by adding to said section the
words the provisions of this section
shall not apply to steam harges, SO
that said section as amended shali read
as follows:
rebuilt shall be taxed on the same val
ton as vessels and barges Of one-halt
The age of such rebuilt vessels or barges'
A vessel or barge shall be regarded as
made of not less than forty per cent OF
the cost of such vessel or barge If built
entirely new. Vessels and barges II re-
paired to the extent of twenty-five per
cent OF the cost OF such vessel or barge
II built entirely new. shall be taxed upon
the same valuation as vessels and bafses
Of five-eighths the age of such repaired
vessel or barge The provisions of this
section shall not apply To steam barges.'
-(Approved February 49,
Chapter IS.
An Act to provide for the purchase of
farm on which to conduct scientific in
yestigations in Orcharding.
Section l. The Maine Agricultural Ex-
pertinent Station, in addition to the IN
now conducted by 1t, shall
scientific Investigations in or
charding, corn and other farm crops, and,
to this end, there shall be purchased,
in the name or the state, stocked anu
equipped for the use and benefit of said
station, a suitable farm, situate, as the
committee on selection and purchase
named shall determine, in
any counties of the state of Maine.
Section g. Augustus W. Gilman, of
Foxcroft. Charles S. Pope, of Manches-
ter, Eugene H. Libby, of Auburn,
Rutillus Alden, of Winthrop, and Charles
ID. Woods, of Orono, are hereby made
and constituted committee and as such
committee are hereby authorized ana
directed to select, purchase and appro-
priately stock and equip farm for the
purpose aforesaid. The members OF said
committee shall not be entitled to re-
ceive any money or other direct or in
direct compensation from the state for