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

~ .I or cOminizsi0Ds, ssst
president and treasurer 49, vi
Dohdeo Tor sum not less than ~
Thousand dollars. each .ats
treasurer. or other oificial aHae|
pIoyee having access to mona n
securi,ies Tor not less than 6vsM
SAND dolIars. All bonds shall 10,
proved as 70 form by the bant y
missioner ana copies furnish.. en-
Dahklns department. by the clssl
the several banks. Said bona.
institutions. and the copn Of n
shall annually examine tbs nlstisusl
inquire into and certify IN .ms "a
cheney thereof, and wbsn ne sasl
any such bond insufficient W dsssl
order a new bond to he ,,iy.As Ola
a time by him specified wiz
bonds shall, at the expira,ionh ita|
years from the date tbenI q
deemed insufficient. All sucssot
hereinafter given under I'M oetI
sions of this section shall he a. pfss
by the principal and one oeeet
surety companies authorized W no
act business In this state az wai
with personal sureties shall nv ,oeta
be regarded az complying ..yaE
provisions hereof. The trtis,"b
in lieu of such bonds, fnsnta ~
expense OF the bank with so,r.Nh
ty company which shall be- 80. y.
tory to the bank Communicated
the faithful performance on ~
ties Of such officials and ems
as are required by this sectiopp
bonded. in such sums as tbsr
decide to be necessary for ths
Of the assets In the CUSTODY 49,
corporation, but In no event is,W.
twenty-five thousand dollars,
ject, however, 10 the same 49,.
the bank commission, as abovss
vided. to require a new bonasE
any time he shall deem the m.
vided by the corporation 10
sufficient and unsatisfaetor.
amount or form. The treasu,.,
sistant treasurer and clerks sb,,,
ceiye a compensation fixed by
trustees. The trustees NAV ~.
such compensation for their s,,,s
in making examinations and rsr
required by their bylaws Ana
state laws. for making exarinasa
Of property and for attendsne,
any regular or spe"ial meetirs,
tho hoard Of trustees or any,
mittec thereof as may be fixed Nv
corporation at any legal mas,
thereof. or as may he fixed Iy
hoard Of trustees and approves
the bank commissioner Ia writs,
See. -. Within thirty dag ,s
the annual election in the sen.
savings banks. the clerks th.y
shall cause to be published In n,
local new spaper. if any. othergs
the nearest newspaper, list Of
officers and corporators thereof n
shall also return a copy OF such
of officers and corporators 10
bank commissioner within said tk-
days. which shall be kept on d,
his Office for public inspection.
clerk who neglects to give such
tice or make such return shsH
liable to a penalty OF fifty dollar
Sec. 81. n any office becomes
cant during the year. the trrss
may fill the same until IL is flsi
the next annual meeting, and
cancies occurring in the board
trustees shall be Immediately q
whenever the number OF truss
mum. Special meetings OF the q
poration may be held at any tin,
order of the trustees: the tresIu
shall also call special meetings Vi
application in writing of ten nd
beers OF the corporation. Seven IN
notice of all annual meetings q
be given by public advertisertf
some newspaper of the county Va
the corporation is established, kEt
otherwise, in the state paper.
Sec. %. Savings banks and in
tutions for savings may reeer.
deposit, for the use and benssi
depositors. sums of money Offered
that purpose; but shall not recs
except for deposits of unmarriet
men, minors. administrators, Gs
tors. guardians, charitable or
gious institutions and as trust n
from any one depositor over
thousand dollars. and no diviaE
shall be paid. excepting upol
aforesaid excepted deposits, ter
one depositor upon any amoll
deposit. exceeding said sum. bG
elusive of dividends on said deFa
which may continue TO Be az
thereto and receive dividends rs
on. Deposits in more than oae rii
may be received, provided the
of the amounts in any numbg
deposits in which the same mn
excepting unmarried women, Els
administrators, executors, guard.r
charitable or religious instltutd
and as trust funds. appears EN-
singly or with others. shall MT
coed, exclusive of dividends az
said. ten thousand dollars ard
provided the amount of an indlf4
deposit shall at no time exceed
elusive of dividends. as afofsa
five thousand dollars. WhensyF
deposit is made in trust the naHs
residence of the person for WIS.
is made, or the purpose for
the trust is created. shall be dsss
in writing to the bank, and me
posit shall he credited to the dsNs
or as trustee for such person or
pose; and if no other notice OF
existence and terms of trust
been given in writing to the cor
alton. the deposit. with the inNs
thereon. may, In the event o.
death of the trustee, he paid
person for whom such deposit
made, or to his legal represenua
or to some trustee appointed
court for that purpose. The iuS'I
may refuse any deposit al VI
pleasure. ]
Sec. %. ANY bank. institution
:
any order drawn hy any perseh
has funds on deposit to meet
same. notwithstanding the dea'a
the drawer in the interval OF
between signing such order ana
presentation for payment whsh
presentation Is made within WI
DAYS after the date Of such e'a.I
and at any subsequent period
vided the corporation has not re-,
ed actual notice of the death q Il
drawer.
Sec. "a. Money deposited
bank, institution for savings, OF
company. by a married woman,
property and she may malhlNn
action in her own name to reco"t
Money deposited in the name
minor is his or her property. ahu
corporation may. in the discret0r
the officer making the payment
the same to such minor or upom
or her order or to his or her sus
ian. and such payment shall DC =, "gl
The foregoing provisions as "
ership do not apply to MONEY
longing to a third person ana Iiss
lently deposited by or in the
of a married woman or nihoi,
payment to such married wohisA
minor by said bank, lnstltu,,J ,,.,
savings. or trust company WIS
notice of such fraud, shall 90 os
The receipt of such married va
or minor from such deposits anu
terest. or any part thereof, Is M
release and shall discharge th'
poration.
Sec. 25. when a deposit mas
made or shall hereafter be NAV
any bank. institution for Ss.,nd,d