Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-03-01
THE FINAL PASSAGE
OF RESUBMiSSioN
continued from Page One)

or hereafter formed for the development
Of water storage or water power in this
state. requiring new or additional
source of supply for its water storage
or water power may make application
therefor by filing in the office of the state
Water Storage Commission n certified
copy of the resolution of its stakeholder
under the seal of its corporation setting
forth the necessity for such new source
of supply, and the river. stream. lake
stream, pond or other body OF water.
and as near as may be, the points on said
river. stream lake, pond or other body
Of water between which said power or
storage OF water is proposed TO be taken
ar used or developed. and such other in
formation as said commission may re-
aure and if the application shall be APP
proved by majority of the members OF
the state Water Storage Commission, il
shah thcn be forwarded 10 the secretary
of state.
Section TO- All the property rights and
franchises within the state of Maine ae-
tlured. erected. owned. held or controlled
by any corporation, hereafter organized
for tho development of water storage or
water power in this state or its success
snrS or assigns at any time after this
act shall take Cffecr shall h" subject In
hf taken over and become the propcrtN
III The state of Maine. Upon the taking
effect of such legislation the ownership
Of said property. rights and franchises
shall immediately be transferred 10 and
vested in said state and said State shall
make just compensation to the owner or
owners thereof hV paving therefor tn"
actual value OF the ply steal property 50
taken over and without any allowance
for franchises or good Will of the bust
ness. The actual value Of the nhESIcal
property taken over by the state. sub
Jecu to the exemption hcrcinhcfofe men
toned, shall be determined by the owner
or owners thereof. and such officers or
agents of the State rs shall hcrounlo be
authorized to act in its behalf by III" act
which authorizes the taking of said prop
rrty. rights and privileges. and failing OF
Such agreement within six months after
such act takes effect the supreme Judicial
court in either county where any of the
property rights and privileges so taken
arc situated may, upon petition Of either
PARTY, appoint three disintcrcsted per-
sons. as appraisers for liking and deter
mining the amount of MONEY TO be paid
for the actual value of the physical prop
ertH So taken sub iect To the exemption
aforesaid. The method of procedure, and
the duties and powers of the appraisers
10 be determined by the act authorizing
such taking.
section II. ANY franchise granted nm
der the terms OF this ACT shall terminate
within the period of from 50 To 10 years
from tho date of the approval Of tho fran
chise unless earlier taken over by thu
State under the provisions of section ~
OF this act the period Of termination be-
ing determined by tho Water Storage
Commission at the time of their approval
'=of the franchise in question.
At the expiration or sooner termination
j. - ..a,..e:,.l - - ,,b,..,,,.i IRON
lrd!ishtS'; tNtIu.ite ~ II l,,.s ~ n
tr.E 9itah 49, ~ ,''.n ~, e ~ IL - ~
.l'! VI NJ 49, ~ !, 49, -. .,..n H. -
pam ~, o"'iti VI 80 - - ga b..
in"''t u n "a @ =, I'm" 9',i4;o, -,
M ia'" az. 49,, al b,iidings and r,a'
Ni i |" I,,ios ~ ~ bi,, ~, 1bono j., W.
1 I'm -. -, 80 nf no u,a,ar mower
ne III s,,nb ramoval such
plif ,rsV. aa'ir,.6 -. ctom he s,thinct
buI'ullGN anu ~; I'M 5isnne;tinr ~ ,bn
10 c"hn','Ii' @ a. az" ~ ''''' - "
Ntatc ND Se, ~ - 1 Gr,, ~, cor
section /. f-'ti3 pei '.o'-' t III y. , -
pori.loil' tittll mei. = i iesant
lstrilorS' s"cces f tF,;,.., ~. on,,
trustees, OF reeeis"Ls apl05nt'. ~ '., Ia
Coui "tIltNocNti' ".i1 a. ~ - ~
hotdS iralct.lHv u tT az - ~, ,h
inns dct y "tt'oS "eNi"''' ~ " . P''
nc uutttH' a., oo,,.-,,i,... horc,oforo o-
tttpu - - - 81. 80 ,,nrnoso If .tor
hereafter formed Tor the purpose ni SIol
lflE Water "I c'ra 't M. 49, s,o,os - ha
storing water are h't'"N "''ld''" ~ ~
section a. fNefH person; urn w ~. ~
poration; except mhhlcipal Corl,otat t
who shall hereafter ohtalh chaftet iioui
the state tor the deV'toi,iheit % Wntci
power, snail, curing th' ne oI tle iran
chise. and IN lieu OF ~ etltr l9ri.,S ~
state taNa'ion pay 10 ne Itdt. u .hdlIis
an annual tax on OF peiott .'t sec CON,
day OF January OF eaeh Nt"i i''' t.9s s,l',i
one-tenth oil one per cc1t' ~ '.o' t',''tt
than one per CENT Oh tue Ai"5 1 n,I'un.
income or II Inc poMel ~ $50 Iof Hit ~. w
compensation, me a.'i.ua :" ~. haeea on