Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-04-15

in place thereof the following:
Sec. a.. Whenever any corpora
ton created by special act of the
legislature and charged with the per-
ganized for any of the purposes
enumerated in section six which are
not subject to fees of a like kind to
those herein provided. increases it's
capital stock. it shall pay to the sec
rotary Of state. for the use of the
shall be authorized to receive any GER
tificate of any increase of capital
stock: When the capital stock is in
creased from five thousand dollars or
less to not exceeding ten thousand
dollars. the corporation shall pay the
sum of twenty-five dollars; when the
capital stock is increased from ten
thousand dollars to not exceeding
fifty thousand dollars. it shall pay
the sum of fifty dollars: when the
capital stock is increased from fifty
thousand dollars to not exceeding one
hundred thousand dollars, it shall
pay the sum of one hundred dollars:
when the capital stock is increased
to any amount exceeding one nun
dred thousand dollars. 1t shall pay
seventy-five dollars upon every one
hundred thousand dollars or fraction
thereof. in excess of one hundred
thousand
Sec. 4. Section one hundred and
eleven Of the same chapter is hereby
amended by striking out the word
treasurer" in the third line and In,
Secretary sa So that said section, as
amended. shall read as follows:
Sec III. Every such foreign cor
poration shall annually. on or before
the first day of March. pay to the sec
rotary OF state for the use. or the
state license fee of ten dollars, 1t
shall also annually within thirty days
after the date fixed for it's annual
meeting. or within thirty days after
the final adjournment OF said meet
ing. but not more than three months
after the date fixed for said meeting.
prepare and file in the Office of the
secretary of state. certificate signed
and sworn to by it's president. treas
urer or clerk. showing the change or
changes, If any. in the particulars in
cluded in the certificate required by
section one hundred and eight made
since the filing of said certificate or
of the last annual report. II no
changes have occurred. certificate
to that effect shall be sufficient
Sec. 5. Section one hundred and
eighteen of chapter one hundred and
forty-four Of the public laws OF nine
teen hundred and seventeen. as
amended by chapter two hundred and
twenty-four of public laws of nine
teen hundred and twenty-one. is
hereby further amended by adding
after the word stock" in the fourth
line thereof the words and upon pay
ing the fee provided for recording the
certificate of organization SO that
said section. as amended. shall read
as follows:
Sec. 118. Any corporation. the or
ganization of which is authorized un-
der this chapter. having outstanding
meeting duly called and held for the
purpose, by vote of the holders or
two-thirds of its outstanding stock.
and upon paying the fee providing Tor
recording the notice of change IN
the charter or certificate OF organ
ization. change such shares or any
class thereof into an equal NUMBER
of shares without par or face value;
or provide for the exchange Thereon
pro rata for an equal or dl1ereh'
number Of shares without par or race
value. - provided the preferences
strictions lawfully granted or I'M
posed with respect to the outstano-
ing shares. SO changed or exchanged
shall not be impaired, diminished or
changed without the consent or all
the holders thereof. such preferences
rights, limitations. priviieses anu I
strictions. however, to be expresses
in dollars or cents per share rathef
than by reference to par or lace
Sec. G. Section one hundred and
twenty OF chapter two hundred ahu
nineteen hundred and twenty-one' Is
hereby amendedSby striking out al
of said section. and inserting in place
thereof, the following: -.
Sec. l20. Before flling the cer.in-
cate Of incorporation or any certin .
cate of increase IN the hui.io sh. ros
shares of a corporation having sHarts
without nominal or par vaiue. lnete
shall be paid to the secretary or state
Tor the use of the state one cent per
share on all shares authorized IN eN-
cess of the last prior AUTHORIZATIONS
but in no case less than yen oU ntisc
The amount of the annual frahchlsc
tax to be paid to the state IN the cas-
of such corporations shall be nNe
mills per share on all shares authot-
;zed, but in no case less than ten
dollars.'-Ap April ~.
CHAPTER 10.
An Act Relating to inmates OF f De.
formatory for Women and or he
formatory for Men When lncor'
riGible.
Section seventy-one of chapter one
hundred and forty-two OF the re-
yised statutes is hereby amehdeu 10y
striking out all of section seNeiIH
one and inserting in place Thereon '"e
following: ,..oa .
tho reformatory for women Whose
presence therein may be seriously oet'
rimental to the well-beinS or the m
stitution or who wi1fully and persist,
! emily refuses to obey the rules anu
he deemed and declared an moor
ricible. Upon complaint to any 9uoSe
of any municipal court having Jurls,
diction. he may upon nearing pIhu
over any person so accused TO tn Wv,
term Of the supreme or superior cour'
next to be holden. within such coul.s
and IL indictment is returned there-
for then upon conviction SAID moor
ricible may be sentenced to the state
prison for not less than one year noi
more than five years. upon cohVlc'
ton as such incorrigible and sentence
as above provided said peIso, sna,,
be discharged from said reformatory
and be relieved from serving the pal
ance of sentence in said reformatory'
Any person committed to the re-
formatory for men whose presence
therein may be seriously detrimental
to the well-being OF the INSTITUTION
or who wilfully and persistently re-
fuses to obey the rules and reguia-
tions Of said institution. may be
deemed and declared an incorrlgloie.
Upon complaint to any judge or any
municipal court having jurisdiction,
he may upon hearing bind over, any
person SO accused to the term OF the
supreme or superior court next to be
holden, within such county. and II
indictment is returned therefor, then
upon conviction said incorrigible may
he sentenced to the state prison for
not less than one year nor more than
five years Upon conviction of such
person committed to the reformatory
for men as such incorrigible and SEN
tence as above provided said person
shall be discharged from said reform
atory for men and be relieved from
serving the balance of sentence In
said reformatory.
The last six lines Of section twelve
ona hundred and eighty