Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-04-11

Second. No loan shall be granted
10 any person who is not an actual
resident of this state and q bona tidc
occupant of the land offered as
Third. No loan shall be granted
upon any land of which the market
value is less than ten dollars per
acre;
Fourth. No loan Of less than three
dollars shall be made to any one per-
son. and no person shall be granted
separate loans aggreSating more
than ten thousand dollars;
not invested. shall be set aside for
loans under this section. or for any
or the purposes set forth in section
three, and the amount OF said fund
Is hereby appropriatcd for such uses:
sixth. Loans shall be granted
only for the purpose OF assisting the
borrower to erect necessary dwell
ing houses and farm buildings. to
build silos. clear his land of forest
CROWN, Tor the purchase of live
any other legitimate agricultural
purpose. and also to refund an exist
ms mort Gage.
Seventh. The borrower shall pay
charge or five per cent per annum
payable semi annually, for the use of
the loan from the date of the loan
ana thereafter so long as the loan re-
mains unpaid. and shall assign to the
state, SO far as its interests may ap-
pear. any policy of insurance upon
gagged under this act during the
llfetlme of the mortgage. All loans
snail be made for a term of not less
than one, nor more than twenty
years. but the principal of the loan.
IN whole or in part, at the option of
the borrower may be paid on any
interest date occurring not less than
one nor more than nineteen years
after the date of the loan, and in any
event the whole shall be payable in
tWenty-years. and when partial pay
ments are made. the semi-annual
tchafse or five per cent annum shall
ne made only upon the unpaid
balance of the principal of the loan
Sec. ,. In view of the emergency
expressed in the preamble hereof.
this act shall take effect when ap-
proved.-App Feb. 1G,
CHAFTER
An Act to Amend Section ono Hundred
ana Twenty of Chapter sixteen. OF
Appointment of the State Supcriu-
tendent of Public Schools.
Section ono hundred and twenty of
chaptcr sixteen of the revised Statutes
Is hereby amended. by striking out in
the second and third lines thereof
the words superintendent Of public
schools and inserting i'll place thereof
the words commissioner Of education.
and adding at the end of said section
the words wherever the tile state
supcrint endcnt of public schools is
used 1t shall mean the state commits
sloncr OF cducatiot.' so that said Sec
ton. as amended, shall read as follows:
sec. l2n. The governor with the ad
vice and consent of the council shall
appoint Il state commissioner of eCuca-
tiun who Shall continue in office three
years. or during the pleasure Of the cX-
cCutivc. Vacancies shall tc filled by n
new appointment for a Ike term.
Whenever the title state SlIpcrintond-
cnt of pubic schools is used, it shall
mean the state commissioner Of cduca-
ton. Approved Feb. II.
CHAPTER
An Act to Amend Section Ton Of Chap
ter one Hundred and ThirtN-srVen
of the Revised Statutes. as Amended
by Chapter Two Hundred ana Three
Hundred and Seventeen and by
Laws of Nineteen Hundred and Nine
teen ana by Chapter One Hundred
and SiXtI-SeN on of the Public Law 5
of Nineteen Hundred and Twenty
one. Relating To the Appointment
OF Probation Officers.
SCct:@:: ten of chapter one hundred
a ,.. -sgEel1 ~ tiG itI!Sem StaauteS
ga ti,rnn " no n,'i'i, ,s,,u ~ Nc
leon hundred and Gcycntc"n ara hy
section one of chapter scVcuty-siN of
the public laws Of nineteen hundred
and nineteen, and chapter one hum
dred and siXty-seven of the public
laws of nineteen hIlndre ID and twenty
one. is hereby further amended by
striking out all of said section and
substituting III place thereof the
following:
Sec. 10. The governor. 10y and with
the consent of tho council. shall APP
point in any county Of the state whore
is advisable, one probation officer, who