The Republican journal. [volume] (Belfast, Me.) 1829-current, 1917-04-05

ferry in the eighth line the following
words: 'or taxicab or public automobile
so that said section, as amended, shall
read as follows:
Section 8: No person is entitled to
transportation over steam railro I'd,
street railroad, or upon any steamboat or
ferry, or in a taxicab or public automo-
bile, who does not on demand first pay
the established fare. Whoever while be-
ing transported over any steam railroad,
street railroad steamboat, ferry, or
IN taxicab or public automobile.
wilfully refuses on demand to pay
the established fare, and whoever frauau-
lently evades payment Of the established
fare by giving a false answer, or by trav-
cling beyond the place to which he has
paid, or by leaving a train. street rail-
road car, steamboat or ferry, or taXicab
or public automobile, without paying the
established fare whether said fare is de-
manded or not, or whoever without rignt
or authority rides in or upon any freight
train, forfeits not less than FIVE nor more
than twenty dollars, to be recovered on
complaint. March s, 1919
CHAPTER 81.
An Act to amend Section twenty-seven,
Subsection third, of Chapter hfty-two
of the Revised Statutes SO as to perm t
savings banks to invest in certain cor
poration bonds.
Amend section twenty-seven of chapte:
hfty-tWo, subsection third, of the Re-
vised Statutes, by adding thereto the fol-
lowing paragraphs, which shall lie known
as paragraphs ~ and az.
i: In the first mortgage bonds of any
public service corporation located, who'll
y or in part, in the states, other than
Maine, named in paragraph "f," engaged
in the business of producing and dlstrib-
utlng electric light and power, when they
otherwise comply with the provisions
specified in paragraphs e. and 'g'; pro-
Vided, that the average gross income CT
said corporation for the three years next
preceding such investment shall have
been not less than two hundred thousand
dollars for each year. and the average
net income of said corporation for the
same period shall have been not less than
twice interest charges on the bonds out
standing secured by such mortgage, and
all prior liens; and further provided that
such net income for the last preceding
year shall have been not less than one
and one-half times the interest charges
on all the interest bearing Indebtedness OF
the corporation
The net income of company, as de-
scrlbed in this section, shall be it's net
earnings and income derived from the
property covered by the mortgage in
question, after payment of all opera ting
expenses. maintenance CHARGES renatrs
renewals, rentals and taxes and all guar
2nteed interest and guaranteed dividends
paid by or due from it.
Satisfactory proof of such gross and
net earnings must be furnished to the
bank commissioner and certified by him
IN the manner provided in paragraph IF"
for electric railroads. before the bonds
shall become a legal investment.
j: In the first mortgage bonds of any
public service corporation, combining
business of an electric railroad, light ami
power company. and an artificial gas COM
pany, or any two of them, which otherwise
complies with the provisions specified i'll
paragraphs e. and "g' and ~; pro-
Vided the average gross income of such
corporation for the three years next pre-
ceding shall have been at least three
hundred thousand dollars per annum. -
(Approved March s, 1919