Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-04-05

Section II. The deputy insurance com
missioner shall receive an annual salary
OF eighteen hundred dollars.
Section u. The deputy bank coYumts-
s1oner shall receive an annual salary OF
eighteen hundred dollars.
Section IL. The commissioner Of agri-
culture Shall receive an annual salary
OF two thousand dollars.
Section II. The chief clerk of the land
agent and forest commissioner depart
ment, designated as deputy forest com
missioner shall receive an annual salary
OF eighteen hundred dollars.
Section 10. The commissioner Of labor
and industry shall receive an annual sal
airy OF two thousand dollars.
Section 16, The private secretary OF the
governor shall receive an annual salary
of eighteen hundred dollars. and shall
devote his entire time to the duties Of the
Office.
Section It. The messenger to the gov
ernor's council shall receive an annual
salary of two thousand dollars, III full for
ali services by him performed The
council shall determine what services he
shall perform.
Section Is. The superintendent of pub
iic buildings shall receive an annual
salary of fifteen hundred dollars
section Is. The deputy labor commits
sloner shall receive an annual salary of
eighteen hundred dollars.
section ~. Said salaries shall be paid
III equal monthly payments on the last
gay OF each month and shall be in full
Tor all official services.
section z. All acts and parts of acts
inconsistent with the provisions of this
act are hereby repealed. -(Approved
March 81, 1885,
Chapter PSI.
An Act to amend Section twenty-one Of
Chapter sixty-nine of the Revised Stat
r<F
guardians.
section twenty-one Of chapter sixtv-nine
OF the Revised Statutes is hereby amend
Ell by striking out the last cIausa op cai5
section, beginning with the words ..and
ne IN the fourth line thereof, and sub
stltutlng IN place thereof the following
and II the Judge is satisfied that such
neglect or refusal is wilful or v,i+bo,,-
reasonable cause, the guardian shall I'ii forl
1eit ali allowance for his personal ser
wees, SO that said section as amended
snail read as follows:
section Il Every guardian shall settle
iiis ACCOUNT with the Judge at least once
IN three years, and as much oftener ae
the Judge cites him for that purpose. and
neglect or refusal to do SO. is a brea ~, of
~ noLiu' ne may be removed therefor,
aaiitnousI the ward may be indebted to
MN, and If the Judge is satisfied I'M,
such neglect or refusal is wiIful or win
ouL reasonable cause, the guardian shall
Iolleil al! allowance for his personal ser
Chapter 262.
An Act to amend Section eighty of Chan
ter forty-elght OF the Revised Statutes
as amended by Chapter fifteen OF the
f,uhilc Laws of nineteen hundred five,
allowing trust companies TO become
sluckholdeIA III federal reserve banks
section eighty of chapter forty-eight
OF me heNlsed Statutes OF nineteen hun
u u ti'rte as amended by chapter fifteen
=! tlie pupuc laws OF nineteen hundred
I'VE is hereby amended by adding after
the word restored in the next to the
last line OF said section the following
crowded, however. that any trust com
4a1ln may become stockhoider in q
federal reserve bank within the federal
reserve district where said trust com
pany is situated. and while such trust
COMPANY continues as a member bank
under the provisions OF the Emitted
States Federal Reserve Act approved
December twenty-third. nineteen@ hun
cree thirteen. or any acts in amendment
thereof, shall be subject to the provi-
slons OF said Federal Reserve Act" and
any amendments thereof relative to
, bank reserves III substitution Tor the
requirements Of this section. Every
esuch trust company may have and ex-
+ercise any and a.! Of the corporate DOW
ers and privileges which may be exer-
clsed by member banks under provisions
OF the Federal Reserve Act or any
acts IN amendment thereof or in add
amended shall read as follows
Section so Every trust and banking
company having authority To receive
money on deposit shall al ali times have
on hand III the lawful money or national
bank notes of the United States, as z
cash reserve, an amount equal to al
least ffteen per cent Of the aogreg gate
amount of its deposits which are sub
Ject to withdrawal upon demand or
within ten DAYS; provided that in lien of
~ ~
ffteen per cent may consist OF balances
payable or demand. due from any ma
uonaI pank or trust company created
under the laws of this State ~. from
any trust company located III any Of the
other New England states or New York
and approved by the bank examiner in
writing; and one-third Of said fifteen
per cent may consist OF the bonds OF
lunDla, and any of the New England
states and the states Of New York
Pennsylvania. Maryland, Ohio Indiana
Kentucky, Michigan. Wisconsin, Mime
and Nebraska. the absolute property OF
such corporation. Whenever said re
serve shall he below said percentage o.
such deposits. such corporation shall
legal reserve by making any new loans
until the required proportion between
the aggregate amount of such deposits
and its cash reserve shall be restored
pany may BECOME q stakeholder in 6
federal reserve bank within the fedora
reserve district where said trust com.
pauy is situated. and while such trust
company continues as a member bant
under the provisions of the United States
Federal Reserve Act" approved De
cember twenty-thiru, nineteen hundred
thirteen, or any acts in amendment
thereof. shall be subject to the provi.
sions of said Federal Reserve Act
and any amendments thereof relative
to bank reserves in substitution for the
such trust company may have and ex'
ercise any and all Of the corporate pow.
ers and privileges which may he eXer.
cised by member banks unier provision.
of the Federal Reserve Act" or any
acts In amendment thereof or in add
ton thereto All provisions Of charter.
in conflict with this section are VOID. :
(Approved March 81, 1880
Chapter 263.
An Act to provide for semi-monthly pay
rnents on account OF State contracts.
On all contracts with the State or any
department thereof the State shall make
payments on account at least semi
monthly unless otherwise agreed upon
Nothing herein contained shall be con
strued to relieve the State IFS officers
mechanics, workmen and lahorecs en-
ployed by il or them as provided il
chapter thirty-nine Of the public laws
of nineteen hundred eleven, and act;
amendatory thereoc-(Approved Marcel
81, 1915)
CHAPTER 254.
An Act additional to Chapter eighty Of tn
Revised Statutes, relating TO the power
cr tb. mi c ut