The Republican journal., 1915-04-08


missioner shall receive an annual salary
Of eighteen hundred dollars.
Section r. The deputy bank commits
sioner shall receive an annual salary Of
Section 49, The commissioner Of agri-
culture shall receive an annual salary
OF two thousand dollars.
Section IA 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 ID. The commissioner Of labor
and industry shall receive an annual sal
airy OF two thousand dollars.
Sectlon 10 The private secretary OF the
governor shall receive an annual salary
OF eighteen hundred dollars, and shall
office.
Section II. The messenger to the gov
ernors council shall receive an annual
salary Of two thousand dollars. in full for
an services BY him performed. The
council shall determine what services he
shall perform.
:. Section Is. The superintendent Of pub
ssary Of tees shall rseeys an annual
section 10. The deputy labor commits
sioner shall receive an. annual salary Of
eighteen hundred dollars.
Section 20. Said salaries shall be paid
IN equal monthly payments on the last
gay of each month and shall be in full
for all official services
Section Il. All acts and parts of acts
inconsistent with the provisions Of this
March 81, 1850
Chapter 261.
An Act to amend Section twenty-one Of
Chapter sixty-nine of the Revised Stat
utes. relating to the compensation of
guardians.
Section twenty-one Of chapter sixty-nine
of the Revised Statutes Is hereby amend.
ed Dy striking out the last clause of said
sseetion' peginnlng with the words land
stituting in place thereof the following.
and If the judge is satisfied that sucb
neglect or refusal Is wilful or without
f feit N, cause the guardian shall for
vices SO that said section as amended
shall read as follows:
section z. Every guardian shall SETTLE
ms + account with the judge at least
the Judge cites him for that purpose. and
neglect or refusal to do so, ia a breach If
ms bond; he may be removed tharafor
hhiit ,l, , the n. ward may be indebted to
such neglect or refusal is wiIfl1I ar WIFI.
OUT reasonable cause, the guardian shall
Lo 9 AZ allowance for his personal SER
'lces''-'Approved March 81, 1915)
Chapter 262.
az ~ ~ ahSHu SecIlon eighty OF Chap
ter forty-eight of the Revised Statutes.
as amended by Chapter fifteen of the
PUBLIC Laws of nineteen hundred five.
allowing trust companies to become
stockholders in federal reserve banks
Section eighty of chapter fortV-eight
OF the Revised Statutes of nineteen hun
urea thfee as amended by chapter fifteen
OF the public laws of nineteen hundred
HVe 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
pany may become a stakeholder in a
reserve district where said trust com
pany is situated, and while such trust
company continues as a member bank
g G1ar the provisions of the United
states Federal Reserve Act approved
December twenty-third, nineteen hun
dred thirteen, or any acts in amendment
thereof. shall be subject to the provi-
SONS OF said Federal Reserve Act' and
any amendments thereof relative to
bank reserves in substitution for the
requirements of this section. Every,
such trust company may have and ex-
ercise any and all of the corporate pow
ers and privileges which may be eSe T
clsed by member banks under provisions
OF the Federal Reserve Act or any
acts in amendment thereof or in addi-
ton thereto so that said section as
amended shall read as follows:
Section so. Every trust and banking
company having authority to receive
money on deposit shall at all times have
on hand in the lawful money or national
oan f,l notes of the United States, as a
eash reserve, an amount equal to at
least fifteen per cent of the aggregate
amount of it's. deposits which are sub
Ject to withdrawal upon> demand or
sven cash reserve twothirds of said
fifteen per cent may consist OF balances
payable. on demand, due from any ma
tlonal bank or trust company created
Under nj t,tr
any trust company located in any of the
other New England states or New York
and approved by the bank examiner in
writing; and one-third of said fifteen
the United States, the District of Co
lumbia, and any of the New England
states and the states of New York.
Kentucky. Michigan. Wisconsin, Mime
sofa, Iowa, Illinois, Missouri, Kansas
and Nebraska. the absolute property OF
such corporation. Whenever said re-
serve shall be below said percentage of
such deposits, such corporation shall
not further diminish the amount of its
legal reserve by making any new loans
until the required proportion between
the aggregate amount of such deposits
and it's cash reserve shall be restored.
Provided, however, that any trust com
pany may become a stakeholder in a
federal reserve bank within the federal
reserve district where said trust COM
pany is situated and while such trust
company continues a member bank
under the provisions of the United States
Federal Reserve Act" approved De-
cember twentythird, 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
requirements of this section. Every
such trust company may have and ex-
ercise any and all of the corporate pow
ers and privileges which may be exer-
cised by member banks unief provisions
of the Federal Reserve Act" or any
acts In amendment thereof OF. in addi-
in conflict with this section are void
approved March 81, 1851
Chapter 263.
An Act to provide for semi-monthly pay.
ments 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 it's officers
boards and commissioners from paying
mechanics, workmen and 1aborers en-
ployed by 1T or them as provided in
of nineteen hundred eleven, and acts
amendatory thereof.-(Approved March
81, 1851
Chapter 264.
An Act additional to Chapter eighty of the
Revised Statutes, relating to the powers
of the county commissioners of Penob
scot county in regard to securing tenn
porary loans.
commissioners of Penobscot county, aftel
careful consideration of the matter tina