The Republican journal. [volume] (Belfast, Me.) 1829-current, 1915-04-08

nature of the case and the interests of
its policy holders. creditors or the public
may require.
Section 2 On such application, or at
any time thereafter, such court NAV. in
its discretion, issue an injunction re-
stralnlng such corporation from the trans
action OF its business or disposition OF
US properly. until the further order of
the court. On the return of such order
70 snow cause, and after full hearing
the court shall either deny the applica-
uon or dlfect such superintendent, or his
successor IN once, forthwith to take pos
session OF the property and conduct the
business Oh such corporation, and retain
SuCh possession and conduct such bust
ness until, on the applica ton either of
me insurance commissioner, the attor-
ney general representing him, or of such
corporation; it shall, after like hearing,
appear to the court that the ground for
Sucn order directing the insurance COM
missioner to take possession has been re-
moved, and that the corporation can
properly resume possession of it's prop
erty and the conduct of it's business.
section ). Ii on such application, the
courts shall direct the insurance commits
Sloner to take possession of the proper
~ conserve the assets OF such corpora
ton and conduct the business of the COM
pany; the rights of the said insurance
commissioner with reference to such cor
poration and its said assets shall be the
same as those exercised by receivers and
masters in chancery appointed by the
courts for llquidation of insurance COM
panles.
Section A. For the purposes of this sec
ton, the insurance commissioner shall
nave power to appoint, under his
hand and official seal, one or more spec
lal deputies as his agent or agents, and
TO employ such counsel, clerks and assist
ants as may be by him deemed necessary,
and give each of such persons such pow
ers to assist him SIS he may consider
WISE. Inc compensation OF such special
ueOllt1pS- md
and all expenses of taking possession Of
and conducting the business of liquidat-
ing any such corporation, shall be liked
to the approval of the court, and Shall.
on certificate of the insurance commits
Sloner, be paid out of the funds or as
sets OF such corporation. The insurance
commissioner shall have power, subject
to the approval of the court, to make
and prescribe such rules and regulations
as to him shall seem proper.
Section 3. At any time after the COM
mencement Of proceedings under an or
der of liquidation made pursuant to this
act, the said insurance commissioner NAV
remove the principal office of the corpora
ton in liquidation to the city OF Augusta.
In event OF such removal the courts
shall, upon the application of the insur-
ance commissioner, direct the clerk of
the county wherein such proceeding was
commenced to transmit all of the papers
filed therein with such clerk, to the clerk
OF the county of kennebec; and the pro-
ceeding shall thereafter be conducted in
the same manner as though it had been
commenced in the county of kennebec.-
approved March TO- 1850
Chapter IS.
An Act relating to the cancellation o. fire
insurance policies without tender of the
return premium.
Section /. An insurance company issu-
ing ire insurance policies on property in
TINS state, under the standard form re-
CURED by section four of chapter forty
ite oi te eV5ea Statutes as ameHded
pubic laws of nineteen hundred five, may
cancer any such policy in the maine,
provided by law without rendering to the
assured d ratdble proportion of the pre-
MUM, II the premium has not been paid
70 me company or It's agent, or to duly
- ,,+r4 e. 'rS lioheI through Whol
Satinn u iI ttla niahGT vas neSotlattd
oettion :. 1here Shall be printed On
ne hlaIsiil OF [he poilcy near the part
t rtteI eoL tnat leiates 70 cancellation, in
~ ~ ~ S-I,ai4GI llI[tA lph6 pilllGf, or at
forin1 ,ar,,,it 800 poiiIs W ridef IN the
AZ ,,ro1,i,,,.t ~ Jaw NE IoAoWlhg; Ii
- Pt Sii,t Nun On Inns pollcy mas not been
t pe1N 49, ~ .he Gonipaliy OF us agent, or to
throngp y,bo,,' e tife insurance broker
relied ~ the e,,ln poileE may be can
.; ~ the COMPANY IN the manner
.ie. eli ptoni"ea WltnoGt rendering to the
proved March IL. l9l5)
CHAPTER &c.
A, Act TO amend u4:..,
Chanter fn,.t. or Inc $50, ~ my one o.
as amended bV lhanter ~ , 49, lc9'
the Public Laws nt ni,ia+ 10y -liile o.
seven. relating to +ha o, Iti Iiuliei q
towns to raise money. VI
sa,.tio,, ISa,+il,,> 60,
+ar +n,1, = Of g. t''lt oeleilI9 one OIL chap
ler aoui o. ING I.eVlseu Statutes, as
t'mi iii ~ euaptef lllty-nlne OF the
~ ft lle[ th lu[tttgr aended by inserting
streets; acquiring by purchase or orneT7
wise suitable sites, or suitaLIe sitas and
buildings, erecting buildings for FREE.
pubic libraries, SO that said section as
amended shall read as follows:
Section Il. The voters, at a legal tow,
meeting, may raise the necessary SIMS
for the support OF schools and the noe
making ana repairing highways, town
ways and bridges; aGu splinkiing Streets
acquiring by purchase or otherwise suita,
bic sites, or suitable sites and buildings
or erecting buildings for free public Inrs
rles; purchasing and fencing burning
grounds; maintaining private burying-
grounds established before eighteen hI5-
ured and eighty; purchasing or bnifdlng
and repairing 4 hearse and hearse-hnIiss
for the exclusive use of it's citizens: ana
for other necessary town CHARGES An
proved March 49, 1872
CHAPTER 81.
An Act 70 nroyida for +l,o roa,,,4io, :,
$3.50 90 ~ hoNiu0 tol tiie REDUCTION IN
me pelial sum OF probate bonds.
II surety company becomes SAFETY OH
POND given 10 juase Of probate, the
snttras may upon petltloIl OF any party ill
res nterasta $3.50 uue tio1ce 70 an par
tigs tlltereste9, reduce the penal sum in
,"tS eiie piiiclpai anu surety snail be
ilapiG LII d floiluol thereafter OF the
Marnb 10 1921 81 S'iu oohu--lApproved
".