The Republican journal. [volume] (Belfast, Me.) 1829-current, 1919-04-10

L
BUSINESS syndicate or corporation, shall
Of so,d sinie exceed Twenty-Five per cent
s paGs and net undivided profits, ana
80 diL section is hereby further amend
s;xt ~ STRIKING out. in the fifteenth and
w"r5 eh u ines of said section, the
~, US twenty eighth day of April, in
ana sne Year nineteen hundred and seven"
. ,, inserting in place thereof, the
ni 80 W lrst DAY of August. III the year
LIZ tseh hundred and nineteen so that
follows: s'-a'' S0"1 "s
sec. -. No trust company shall
i S;h TO any person, firm. business syn
uiSatc' or corporation, an amount or
axag'i, at any time outstanding in
i ~ Or ten per cent OF its total cap
~: unlnpalred surplus and net I'm
uisIoeq profits. except on approval of
: majority OF its entire Investment
which sh hnieS IS secured by coI'aterai
excess of said loans above said ten
per cent, and the total amount Of loans
70 any person, firm, business syndicate
or cooperation, shall at no time ex-
eeeo twenty-five per cent of said total
Eapital, unlmpaired surplus and net
uhalvided profits; provided, that in de-
err serihlnlns said amount every person,
ltss on any loan as indorser guarantor
or surety, shall be regarded as an
orlg'nat promissor. But the discount
OF blils OF exchange drawn in good
fatLh against actually existing values.
ana the discount of commercial or
business paper actually owned by the
person negotiating the same, shall not
p p considered as money borrowed.
provided, however. that any such COM
pany having on the first day Of Au-
gust, In the year nineteen hundred
and nineteen. loans outstanding in eX-
cess of any of the aforesaid restric-
n r.
newed from time to time as they ma
ture, for periods not exceeding six
months each, If an amount equal to
not less than ten per cent of every
paid in In cash, and If an equivalent
amount shall BE- paid in at the end of
ever SIX months on all demand loans
IN such aggregate. In all cases where
loans in excess of said ten per cent
are granted, the records Of the com
pany shall show who voted in favor
required by section ms se W tioo Of
this chapter shall constitute prima
tacie evidence of the truth of ali facts
stated therein in prosecutions and suits
penalties enumerated in section eighty
or this chapter. (Approved April ~
CHAPTER TIT.
An Act to Amend Section Fourteen of
Chapter Ninety-two of the Revised
Statutes. as Amended by Section
Seven Of Chapter one Hundred and
IhirtE-three Of the Public Laws of
Nineteen Hundred and Seventeen,
and Sections Seventeen and Nineteen
Of Chapter Ninety-two Of the Revised
statutes, all Relating to the Filing
OF Claims against Estates of De-
ceased Persons.
Sec. /. Section fourteen of chapter
ninety-two of the revised statutes, as
amended by chapter one hundred and
three section seven of the pub
nc laws OF nineteen hundred and
ing out the word eighteen" in the
sixth line of said section and insert
ing in place thereof, the word twelve.
so that said section, as amended, shall
read as follows:
Sec IA. All claims against estates
of deceased persons. except FOR Iega-
cies and distributive shares and for
labor and materials for which suit
may be commenced under section thir-
ty-fOur of chapter ninety-six, shall be
presented to the executor or admins
traitor in writing, or filed in the regis
try of probate, supported by an afF7f1a-
Wit of the claimant, or of some Other
or within twelve months after HIS
qualification as such executor or al
mInistrator; and no action shall be
commenced against such executor or
administrator on any such claim until
thirty days after the presentation or
llHg OF Such claim as above provided.
ANY claim. not SO presented or fled
shall be forever barred against the
estate, except as provided in sections
seventeen, nineteen and twenty-five of
this cha pier
Sec. 2. Section seventeen of chap
ter nirety-two of the revised statutes
is hereby amended by striking out the
word eighteen" in the second line and
inserting in place thereof the word
twelve 50 that said section. as
amended shall read as follows:
sec. W hen action a cove