The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1915-04-08
CHApTE1 $50.

AN ACT to Enable the State or Mama
to Balance and Settle n its Accounts ts
Maine on the First Day OF Oecem-
Der of Each Year.
Be it enacted. ETC.:
Section /. Section one hundred and
revised statutes is hereby amended by
striking out the word January in the
second line thereof. and substituting
therefor the word December, 50 that
said section rs amended shall read as
follows:
Section 1875. This fund shall be
distributed by the Treasurer of State
on the first day Of December. annually.
to the several cities, towns and planta-
tions according to the number of
the State Superintendent of Public
Schools for the preceding year
Section g.: Section three Of chapter
public laws of nineteen hundred nine
is hereby amended by striking out the
word January" In the second line
thereof and substituting therefor the
the word January" in the eighth line
thereof and substituting therefor the
word December so that said section
as amended shall read as follows:
Section ;. One-third Of this fund
Of State on the frst day Of December
annually, to the several cities, towns
and plantations according to the num-
Der OF scholars therein. as the same
shall appear from the official returns
made to the State Superintendent of
Public Schools for the preceding year
and the remaining two-thirds of said
fund shall be distributed by the Treas
urer of State on the first day of De-
towns and plantations according. to the
valuation thereof as the same shall be
fixed by the State Assessors for the
Section 8: Section hfty-three of
hereby amended by striking out the
words april and October" In the third
line thereof and substituting therefor
the words March and septembe also
striking out the words May and No.
substituting therefor the words April
and October so that said section a.
amended shall read as. follows:
Section So. Every savings bank
porated under the laws Of the state.
shall. semi-annually. on the last Sat-
urdays of March and September. maho
a return. signed and sworn to by It's
treasurer, of the average amount of its
deposits. reserve. fund and undivided
profits for the six months ending ON
each of said days. together with q
statemont in detail OF Its assets, loans
and Investments and it's deposits with
in and without the State, IN separats
to the Bank Examiner on or before the
first Saturdays of April and October
and within thirty days thereafter, hc
shall fix and determine the market val-
ues of the investment aforesaid and
transmit the same with such values so
determined, to the Board Of State
Assessors for the assessment required
by the following section
chapter eight Of the revised statutes.
as amended by chapter forty.nine of
the public laws Of nineteen hundred
nine, is hereby amended by striking
out the word June" In the twenty
therefor the word May also by strik-
ing out the word December" In the
twenty -eighth line thereof and sub
stitutinR therefor the word 'Novem-
her, ALSO BY striking sh1tTs,; out ,, the word
Of and substituting therefor the word
May also by striking out the word
December" In the last line thereof and
substituting therefor the word No
ed shall read as follows:
Section 81. Tho Board OF State
Assessors shall thercupon determine
the values of the several franchises OF
the said banks and institutions ae-
cording to the following rule: from tho
average amount of deposits. reserve
fund and undivided profits so returned
by each bank or institution there shall
In each case be deducted an amount
equal to the value so determined of
United States bonds. all bonds issued
after the FIRST day OF February nine
teen hundred and nine by the State
OF Maine. or any county. municipality.
village corporation or water district
therein the shares Of corporation
stocks such as nre by law of this State
free from taxation 10 the stcekhoid-
ers. and the assessed value OF real ca
tate owned by the bank or Institution.
and also an amount equal to two-hfths
Of the value so determined OF such