St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1909-05-07

IelS ana Duckers or wafer snail be kepv
do, the assured shall be liable for the
highest rate written in the policy; also
2 form may be attached excluding La
b1ltty for loss or damage to dynamo0
n other electrical appliances caused by
electric current, either natural or arti.
It may also print or use in it's policy
printed forms providing that in case OF
loss, such loss shall be payable to the
mortgages. as his. her its or their in
fo!le%lng w ss9saf to1wR} t:n's0 '0'n1 ! :
Subject to the stipulations, provisions.
conditions contained in this policy
mortgagee. as his, her its Or their inter-
It MAJ also print or use in its policy,
attach to several buildings, divisions or
locations under one item, a printed form
in the following words, .to-wit:
this policy, shall attach in or on each
building, division or location in such
PrGGRG}rtlon as the value in 2 Or on such sa
aggregate value Of the subject insured:
. Sec. 2. This act shall take effect and
be in force from and after its passage.
Approved April 81, 1909.
AN S GHAP p as,5 ss2- s, F; No p. a. e.. The
that officers Of School districts may
designate repositories for school dis
of school district moneys in such de-
positories, and exempting school dis
trict tt1Eeasurers from liability for such
Be it enacted by the Legislature Of h
State Of Minnesota:
Section ]: That chapter 1873 Of the
Laws Of Minnesota for 1907 be n the
follows:
Section l. The officers of the several
lect and designate as a depository or de-
positories for school district moneys, any
natio1a no or e state bank 4r or banks, for q q
execution by such bank or banks Of q
cases ea%n'e where 1se thg poa addp3f arniz,be sdTG Is tba aa
business in the state Of Minnesota. and
in such cases the amount Of bond shall
deposited, to be approved by the board
and filed in the office of the county au-
ditor Of the county wherein said school
may require the treasurer to deposit all
or any part Of the school districts mon
ey IN such bank or banks. Such desig.
forth all the terms and conditions upon
which the deposits are made, be signed
by the chairman and clerk or president
1 Mifh ''f fhe a oie aae cT5 h ma tSer be; and a d11sS
bank Or banks shall become a legal de-
pository or Repositories for school dis
d di1f1 n0n trsasn ana th shail dep taG sG a1sa
school district moneys therein as he shall
, required from time to time to deposit
Sec sa''i 2. Sf The s 1iSoe;c' di H5hietS' treasurer
empt from liability to the school district lis
ey 5ea 'seSoo Of d ihf 1ass d CT aRy funds in amt ef
such bank Or banks from the failure,
bankruptcy or other acts Of such bank
or banks to the extent and amount Of
the time Of such failure or bankruptcy.
Sec. 3. All interest on moneys deposit
ed, as ~hereinbefore provided shall be
the p S1 p @3f2t 81 SAID Ridf)' sdSeoi d haa e.
Sec. 4. No additional compensation Of
fees shall be paid any Of the school
p provislon 1fh oe fbi BY a reason of any of the
Sec. g.. All acts or parts Of acts in
consistent with this act are hereby re-
. Sec. 6. This act shall take effect and
be In force from and after it's passage.
Approved April 81, 1909.
CHAPTER 33s-s. F. NO. "a.
AN ACT to provide for the supervision
and control Of investment companies
not now under statutory regulation.
Be st it en "a M|nh by the Legislature Of the
rs sip as, a%s;eeiaf!en s.n Or ana a% aS sSsas5a.
Eaniaed o 5eca Mbi S5 l a.1. ser hs5 fte2 re or or
ganized, doing business as a so-ca1led
investment, loan. h~eoeft, cooperative.
home securities. trust OF guarantee COM
agement Of which there n :c ,sAw now in
force in this state. a1a H7b'e.: kuch per-
son, co,partn1e7rship;; association or Ger
made to himself or itself either in a
lump sum, or periodically, or on the in
plan, issuing therefor so-called
bonds, shares, coupons. certificates Of
membership Or other evidences of obliga-
ton or agreement or pretended agree
fberto to m return to to the he h p}hs or owners W rs
act any business in this state, unless
e such hor person, co 81 psnd BE- association sociaa
chapter IS Of the Revised Laws Of Min
nesota, 1893. required Of general build
ness in this state.
Sec. 2. All provisions Of said chapter
wi With 6' r eHSscso to 14 the s el M7aaeSo'a control 1t,oii
and conditions upon which building and
loan associations are permitted to do
applicable to and imposed upon persons.
co-partnerships, associations or corpora
described in the first section Of this
ing and loan associations under said act,
so far as such supervision. control and
can be made applicable to the
particular business done by such person.,
co-partnerships. associations or corpora
Provided. however, that the an
nual fees required of foreign corpora
lions under this act shall be the same
as is required Of general building and
loan associations doing business in this
based upon the amount Of assets
in transactions in this state.
Sec. 3. Any person.. co~-partnershtp,. as
or corporation who or which
shall act. as principal or agent in doing
ness for, or membership or participation
in anv such co-partnershir- association
or corporation, or solicit business for
such person or persons doing business
as such companies, not authorized to do
business in this state shall be deemed
guilty Of a misdemeanor and upon con-
thereof shall be punished 1Y q
nor more than one thousand or by im-
prisonment in the county jail Of not less
than three months nor more than, one
year or by both such fine and impr1son-
ment. provided. however. that nothing
in this act shall apply, to do
nestle morteage loan pan
be in force from and after it's passage.
Approved April 81. 1908. s
CHAPTER s34-s; F. NO: 2s9:
ing to state aid Of public schools.
It enacted by the Legislature Of tho
State Of Minnesota:
Section 1. That sections 1417. 1921 and
1923 Of the Revised Laws of 1905. relat
ing to state aid to public schools be and
the same is hereby amended SO as to