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

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 may, in
its discretion, issue an Injunction re-
straining such corporation from the trans
action of its business or disposition of
its property. until the further order of
the court. On the return of such order
to show cause, and after a full hearing,
the court shall either deny the applica-
ton or direct such superintendent, or his
successor in office, forthwith to take pos
session of the property and conduct the
business of such corporation. and retain
such possession and conduct such bust
ness until, on the application either OF
the 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
missioner to take possession has been re-
moved. and that the corporation can
properly resume possession of its prop
erty and the conduct Of its business.
Section 3. If on such application, the
courts shall direct the insurance commits
sloner to take possession of the proper
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 liquidation of insurance COM
panies.
Section 4. For the purposes of this sec
ton. the insurance commissioner shall
have power to appoint, under his
hand and official seal; one or more spec
ial 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 as he may consider
wise. The compensation of such special
deputies, counsel. clerks and assistants.
and all expenses of taking possession of
and conducting the business of liquidat-
ing any such corporation, shall be fixed
by the insurance commissioner, subject
to the approval Of the court, and SHALL
on certificate of the insurance commits
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 may
. 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 10, 1851
Chapter IS.
An Act relating to the cancellation of fire
insurance policies without tender Of the
return premium.
Section l. An insurance company iSsu-
ing fire insurance policies on property in
this State, under the standard form re-
CURED by section four of chapter forty
nine of the Revised Statutes, as amended
: by. chapter one hundred fifty-eight of the
public laws of nineteen hundred five, may
cancel any such policy in the manner
) provided by law without rendering to the
! assured a ratable proportion of the pre-
MUM, II the premium has not been paid
to the company or it's agent, or to a duly
licensed insurance broker through whom
the contract of insurance was negotiated.
Section 2 There shall be printed On
thereof that relates to cancellation, in
type not smaller than long primer, or at
: tached to such policy by rider in the
! form permitted by law the following: If
the premium on this policy has not been
, paid to the conf any or its agent, to
the duly licensed insurance broker
was negotiated. this policy may be can
celled by the company in the manner
herein provided without rendering to the
assured any part of the premium.'-(Ap
proved March 10. 1859
Chapter IS.
An Act to amend Section seventy-one of
Chapter four of the Revised Statutes,
! as amended by Chapter ffty-nine OF
the Public Laws of nineteen hundred
seven. relating to the authority of
towns to raise money.
Section l. Section seventy-one of chap
ter four of the Revised Statutes, as
! amended by chapter tifty-nine of the
public laws of nineteen hundred seven,
is hereby further amended by inserting
after the word bridges in the third line,
following words. no
: streets; acquiring by purchase or other
wise suitable sites. or suitable sites and
; buildings. or erecting, buildings for free
: public libraries so that said section as
amended shall read as follows:
Section Il. The voters, at a legal town
meeting, may raise the necessary sums
for the support of schools and the poor;
making and repairing highways, town
ways and bridges: and sprinkling streets
acquiring by purchase or otherwise suita-
or erecting buildings for free public libra
ries; purchasing and fencing burying-
grounds; maintaining private burying-
grounds established before eighteen hun
dred and eighty; purchasing or building
and repairing hearSe and hearse-house
for the exclusive use of its citizens; and
for other necessary town charges. ZAP
. proved March 10, 1850
Chapter 81.
, An Act to provide for the reduction in
l the penal sum of probate bonds
II surety company becomes surety or
; bond given TO judge of probate. the
court may, upon petition of any party in
interest and after due notice to all par
. ties interested, reduce the penal sum in
which the principal and surety shall be
liable for a violation thereafter of the
conditions of said bond-(Approved
d, March 10. 1859
Chapter SO.
An Act to amend Section four of Chapte,
eighty-seven of the Public Laws OF
nineteen hundred eleven, relating to
|, employment agencies.
: Section four of chapter eighty-seyen OF
, the public laws of nineteen hundred
eleven is hereby amended by inserting
after the word employment in the third
line the following: Or to whom a charge
is made therefor and by inserting after
7 the word dollar" in the fifth line the
following: If paid in advance, or one
dollar and twenty-five cents if charged to
the applicant and by inserting after the
word receipt in the sixth line the fol-
lowing: If said fee is paid in advance
2 or statement If it is charged and by
: inserting after the word person" in the
sixteenth line the following: Or if a
charge was made, said licensed person
shall cancel the same and by inserting
before the last sentence in said section
5 the following: The man to be employed
: must be furnished with a duplicate card
showing name. last residence, and name
and residence of nearest relative OF
l friend; so that said section as amended
shall read as follows:
Section 4. Every licensed person shall
eyirr nk,