Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-04-05

debts and running expenses equivalent
to five per cent per annum on an amount
OF capital stock equal to one-half of it's
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 it's debts and running eN-
penseS equivalent to five per cent per
annum on an amount of capital stock
equal to one-half of it's entire funded
debt.'-(Approved February 49,
Chapter IL.
An Act to amend the banking laws of
the State of Maine, and particularly
Section one of Chapter fortyeight 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-eight of
the revised statutes is hereby amended
ny substituting for the word examiner
the word commissioners 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
V. ilc ltttlh commissioner snail be Ddlu
the salary. now or hereafter provided by
law for that office and his necessary
travelling expenses and the reasonable
anC necessary expenses of his office, the
payment of which shall be made sub
Jcct to the approval of the governor and
council, and shall be authorized to en-
ploy at the expense of the state, one or
more clerks as the business of the office
may require, the amount of their COM
pensation to be subject to the approval
of the governor and council. and one of
V hom may be designated as deputy
bank commissioner. The present bank
examiner may serve ont the unexpircd
term of his office as bank commissioner
without new appointment, so that said
section as amended shall read as follows:
Section !. The governor with the :td-
vice and consent of the council. shall
appoint 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
commissioner shall be paid the salary
now or hereafter provided by law for
that office and his necessary travelling
expenses and the reasonable and neccs-
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
tAI'tllSS' VI lHt Slttt, QUE OF 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 uneXpred term of his office as
bank commissioner without new APP
February 19D
Chapter 10.
An Act to amend Chapter cighty-four
of the Public Laws of nineteen hundred
and seven. in relation to Employment
Agencies
Section five of chapter cighty-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 D. This act shall not apply to
the employment of scamen, nor shall
the provisions of sections two and three
hereof apply to teachers agencies
(Approvcd February 49,
Chapter IA.
An Act to amend Sections twenty seven
and twcnty-eght of Chapter nine of
the Revised Statutes. relating to Taxa
ton.
Section /. That section twenty-sevcn
of chapter nine of the Revised Statutes be
and hereby is amended by inserting
herein 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:
Section q. All sailing vessels and
barees registered or enrolled under the
laws of the United States on foreign
governments. owned wholly or in part
by inhabitants of this state, shall he
taxed upon an appraised value of twenty