Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1917-04-09
PUBLIC LAWS
Passed by Seventy=Eighth
Legislature, 1917
CHAPTER I,

The Daily hennebec Journal, a news
PAPER printed at Augusta, shall be the
state paper of this State, in which shall
be published all laws and resolves OF a
public nature: and also all advertise
nents. notices ,itss,. and orders. required by
approved February l6, 1919
CHAPTER 2.
An Act to amend Section nineteen of
chapter fifty-two of the Revised stat
utes relating to compensa ton of trus-
ices of savings banks
Amend section nineteen of chapter
ffty-tw" Of the Revised Statutes by add
ing after the word laws" in the next to
tN, last line of said section the following
words Tor making examinations OF
property and for attendance at any regu-
lar or special meetings or the board of
trustees. or any committee thereof also
tmond by adding after the word there
Of being the last word in the last line
If said section. the following words: 'or
Ps may h" fixed by the boa.I of trustees
ond approved by the bank commissioner
iu writing. that said section as
amended shall read follows:
section ~ The trustees, Immediately
r'ort one of their number president, who
shall also be president OF the corporation
TNcy shall also elect a treasurer. and
Whom deemed necessary. Il vice-president
end an assistant treasurer. to hold their
pni'cs during the pleasure of the trus-
tees. The treasurer, and in his absence,
tho assistant treasurer. If there be one
HAIL be. x-officio, clerk of the corpora
tiou. and of the trustees. The treasurer
bnd assistant treasurer shall give bonds
"a ~" corporation. for the faithful dis
,hareC of the duties of their Offices in
such sums the trustees decide to be
necessary for the safety of the funds
end such bonds shall continue and be
valid from year to year. SO long as they
are elected. and hold said offices. subject
- renewal whenever ordered by the
mr. mi eli dc
shall be recorded upon the books of the
Institutions, and the commissioner shall
annually examine the same and inquire
Into and certify to the sufficiency thereof
and when he deems any such bond INSULT
Gent he shall order a new bond to be
given within time. by him specified
MI such bonds shall. at the expiration of
ton Years from the date thereof he
deemed insufficient. The trustees may,
ga lieu Of such bond, insure at the ex-
lcuse of the bank with some fidelity or
guaranty company. which shall be salts
factory to the bank commissioner for
She faithful discharge of the duties of
the treasurer assistant treasurer and
sIch other clerks as may be employed in
such sums as they may decide to be nee
cssary for the safety of the funds in the
custody of the corporation. Said treas
Urer. assistant treasurer and clerks shall
receive a compensation to be fixed by the
trustees. The trustees may receive such
compensation for their services In max
ing examinations and returns required
ly their bylaws and the State laws for
making examinations of property and for
attendance at any regular or special
meetings of the board of trustees or any
committee thereof, as may be fixed by
the corporation at any legal meeting
thereof or as may be fixed by the board
Of trustees and approved by the bank
commissioner in writing.-(Approved
February IL. 1910
CHAPTER 3.
Gyo of 'ban
cighty-threc of the Revised Statutes
relating to the term of the county COM
missioners court in Washington county
That section five of chapter eighty
three Of the Revised Statutes be amend
Cd So that para graph sixteen of that sec
tion shall read as follows:
Washington. at Machias. on the first
Tuesday of January and second Tuesday
of October. and at Calais, on the first
Tuesday of .-(Approved February
l6, 1910
CHAPTER 4.
An Act amending Section twenty-six of
chapter hfty-two of the Revised Stat
rtes. relating to duplicate books OF de-
post issued by savings banks and
trust coh1panies.
Section twenty-six, chapter ffty-two
II the Revised Statutes is hereby amend
ed by striking out In the eleventh and
twelfth lines. of said section the words
six months and inserting in place
thereof the words sixty days so that
said section as amended shall read as
follows
Section &c. When the person. to whom
= book of deposit was issued by any saw
ings bank or by any trust company for
deposit i'm its savings department, or
Ibis executor or administrator, or guar
dian. in writing notifies the treasurer or
the bank or trust company issuing the
same. that such book is lost, and that
he desires to have duplicate book OF de-
foSit issued to him. said treasurer shaI
give public notice of such application by
Publishing at the expense of such appli-
can't an advertisement for three weeks
successvelv. i'll some newspaper pup
'shcd i'm the town in which said bank or
trust company is located. If any. other.
wise IN one published in the county. IT
amy. and IL not. then in the State paper
II such missing deposit book is not pre-
sented To said treasurer WITHIN siNty
days after the last advertisement. then
he shall issue . duplicate book of deposit
To- The person thus requesting the same.
and such delivery of a duplicate relieves
said bank from all liability on account or
The original book of deposit so adNer-
Used. Il approved February Is, l9l')
CHAPTER s.
An Act to amend Section seventy-two of
chapter ffty-two of the Revised stat
utes relating to increase or capltal
stock of trust companies.
Amend section seNenty-two. chaEter
Hnv-two of the Revised Statutes by in
sorting after the WOTu inclusive ~ thc
second line of said section. the words or
any company organized under special
at of the legislature Also amend by
striking out the last sentence of said sec
ton and adding in place thereof the fol-
loving provided. however. before ac-
'ually issuing such capital stock certi-
led COPY Of the vote authorizing the
same shall he filed with the bank commis-
slorer within ten days after its passage;
and thcreupon he shall issue his approval
or disapproval of the action so taken.
and shall thereupon issue certifcate al
lowing such increase. n copy or Whtch
shall he fled in the office Of the secretary
~ state so that said section as amended
shall read as follows:
Section - Any company organized
Hnder sections siXty-three to seVentE-ohe;
both inclusive. or any company orsahlHeu
5nder special act of the legislature, may
Increase it's capital stock from time TO
line to an amount not exceeding IN 'he
aggregate one million dollars. at any
stockholders meeting at which majority
Of shares issued and outstanding is repre-
sNrtcd. notice of the intention so 10 90
having been given in the call there1or'
Provided. however. before actually lssu
ne such capital stock certineo copy VI
the vote authorizing the same shaii oe iiIeu
with the bank commissioner WITHIN zen
laws after its passage, and thereupoi ne
'hail issue his approval or d'sapproVal OF
re action so taken. and shall thereupon
'ssue q certificate allowing such increase