Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-04-09

cLPTE1 Ii.
An &C. - amend Se.cLiun Seven ~
Chapter Three Hundred anG Three
- me Public Laws If NInereen Hun
cred auu Seventeen Changing n.
GnndILiuns unusr winch Loans May
:. G-uureo ny The Farm lands 4sOao
t,nrlInlEsl uner-
Sec-lun seven Of chapter tsrree hun
C-eu Hnu rhree ~ Int public laws uf
uIne14e.l hundred and seventeen If
hereby amended by striking uuT IN me
thirteenth Hnd fourteenth Ines rnert-
II -ne WORDS 'he1u unuer d complete
-,-Je n zee simple by Lnf borrower
and by striking out the word and
II cnt cweNIy-Six-h line anQ adding
after me wurd STOCK n the twenty
SIKH me. and fa-ln machinery ane
70 re+UnC al existing mortgage. out
loans sinai nuI De granted u refund
an existing mortgage unless the boy
-uwH- cakes an additional amount 10
DE- expended tar ANY pu-poses IN his
st.c13un --,,I-eu. anC men only when n
The alsCrerIuu OF rne COMMISSION e-s
such IoAu IS advisable, aDC further
amended by adding utter Ne WORD ''un-
palG" ID me TweDyv-n3ntA line OF
shiG seCuTnn the wOrIB and Sfa.l rs
sign 70 me SrALE. so TAR as rs Snterest
may appear. any puACv OF INSURANCE
UPON buildings on any property NOR
gHgeG under ms art during the LIfe-
Time Of the mortgage so -hR! sRiu
sec-lOn. rs amended. snlI read n tDi-
lows:
SCI 2 The comm ISIS une~s shat
meet -wics monthly whenever one ny
more aDpbcALlDns -or loHnE art uwa:f-
ing uonKloe-a1lun- or oflener IN thti'
discretion. 70 consider appirca = OBS ana
-npr s,aI cursI der unc dispose u a.
APPLICATION II Ciit order II winch such
apptlcErIDns we-H -t.c1i UsG. The cnrn-
transformers may gram appucaLIuns 4or
i1Ans for which sufiirie'l- SECURITY as
ne~einafT - provided IS 0fie-ao suhJeeS
% he approval Of the attorney gen
era Of the -Itle Il the tEnc offered d.
sie-cu-.-y The cururuirEInners rnEv
grant applications cor rne ru4i ampun-
askec ~ when They CONSIDER tnt -
CURLY offered 10 De minded uaie, rhev
NAV reduce me amuUDf OF INT InEn 10
d sun Tor winch they deem Int St.
CURRY % ne adeHuaIe.
Tf-.s. m. comm 1881 nners shall 70
uuIre as security for every -Ar'.n I0iln
d ffsf nortgaee un farm rsAI estait
IF u market value a. ieRsi oouois Ine
amount Of The man.
Seconc. NO lnRn shall De gruULso
- Any person whp IF moi III acIual
-ssinen. % tins state ano DOM tius
occupant Of me land offered az SCOUT
.rT.
Third. No loan shall be granted
upon Hrv IHua Of which the market
vaIue Is iess tnGr ter dollars per acre;
Fourth 30 loan OF less chan three
tun1rec ny more .nIn tive thOusand
ouiia-s shall ~ made 70 any one per
son and nr person shall o- granted
s.ua-al.. iuHus HEgreEa- ting more INN
tive Thousand dollars
p'iTIs a least one hundred truu-
sEnc dollars If INC moneys arallabts
from tne -ese-v.d aDo fund stis1 -
S-t asIde each NaEr tir tnHns uno'r
this nct and 20 rIurh Of ssic amount
as may %, necessary ls hereby bi'-
rrop-rated 70 oe loaned as prUriaed
Or II this act;
Sixth. L.ouns shall ne granted univ
ea- ne pU-pnse Of assisting ne i"r-
~own- 10 e--ct necessarv dwelling
houses apc EarT lniGIuEE, - hung
5iias TO Clear Dis lAnGE of sbr-s''
CROWN. Ho- lie purchase IF I'VE stock
apc arm r!Inc.linerv ano IL 'ef ana tu
eslsiIIIC NOR gage, nut JOHNS shall Hul
ne ct.gr1rd 10 ~ und an existing ntrt-
sa.e unipss me turnover faiies az nd
airtuai-l a,nouuT IL Dc expended for al"
pr1rI,os-.s IL chIs stctinn --@;'if"d- anG
-nec only when IN ''ht Gis''etlon "f
n. culauIssi uns-s sucn ioAn Ii adTis-
able:
Seventh -he borrower shall pay &
charge Of five p.r cen; per aunuTn tnr
tne Use ~ rhe ioRn Al Lhe expiration
Of Dus year --nn ne 1hie NJ me loas!i
anC ANNUALLY thereafter 80 long BIS In
loAn Remains urps1a. and stIa- asssiEc
10 me stat. st ar as - InIer'es- may
appear, any policy OF INSURANCE. upun
buildings On any prups'ty nortEaxeo
unuer rhlk az. during the lifetime of
Cse mortgage. Al loans sinai ~ MADE
for d term " mt l.:ss -haH -fIres mar
more Lna8 rwt.n-y years bur The 3r1n-
GI,A5 al .he ]uan Ii wbuit NJ III DA,'l.
al n. option % the -aer--0wttr. MAG
o.. Iusau on any interest dS4e br''ur
-lnE MOI less Ran -nree nUr more INN
HLnel+...r yeAr. iftsr Lie Gafe of 81"
iual and IL Any event the whu4e Shaii
be Dayai,ie II WENT Years anc when
,yS--.a4 aA vrnerIts are MADE The arIuuE5
charge Of Eve D~r as--. sinai ne TnHu.
only upon NE unpaid b;-.-nce ~ rh+
principAl % me ina1.- -, Approved