loan money on real and personal property; to purchase any such property at any sale made by virtue of any loans, debts, or mortgages made to or held by said cor poration or any other party and said property to own, hold, improve, manage, lease, mortgage and convey at pleasure; to invest its capital and moneys in its hands in such property real or personal as it may deem pru. dent and generally to do and perform all acts, matters and things incidental and connected with the fore going; but nothing herein contained shall be construed to authorize the corporation to do a general banking business. SEC. 4. No holder of the stock of said corporation shall sell or transfer his shares or any portion thereof without first offering the same to the corporation at the lowest price for which he or she is willing to sell, and the corporation shall have ten days within which to accept or reject the offer. SEC. 5. Said corporation shall have a place of business in the city of Providence. SEC. 6. This act shall take effect immediately upon its passage. Passed May 27, AN ACT IN AMENDMENT OF AN ACT ENTITLED "AN ACT It is enacted by the General Assembly as follows: SECTION 1. Section 6 of an act entitled "An act in amendment of an act entitled 'An act to incorporate the Joseph Church Manufacturing Company of Ports mouth, Rhode Island," passed at the January session, of the general assembly A. D. 1891, is hereby amended so as to read as follows: "SEC. 6. Said corporation shall complete that portion of its said road lying between the stations of said Old Colony railroad and the terminus near said Seaconnet House in Little Compton so far that the same can be operated, on or before the first day of July, A. D. 1900, and in case it shall fail so to complete such portion, the right to occupy the streets and highways aforesaid, shall be and become null and void, and in case of such failure said corporation shall be subject to the order of said town councils, respectively, to take up its tracks and remove its poles and wires and other constructions, and put such highways in as good condition as the same were in before the beginning of said construction." SEC. 2. This act shall take effect from and after its passage. AN ACT IN AMENDMENT OF THE CHARTER OF THE RHODE It is enacted by the General Assembly as follows: SECTION 1. Section 2 of an act entitled "An act to incorporate the Rhode Island Brewing Company," passed at the May session, A. D. 1883, is hereby amended so as to read as follows: "SEC. 2. The capital stock of said company shall not exceed seven hundred thousand dollars, and may be fixed from time to time by vote of the corporation, and shall be divided into shares of one hundred dollars each." SEC. 2. This act shall take effect from and after its passage. Passed May 27, 1897. 1897. AN ACT IN AMENDMENT OF "AN ACT TO INCORPORATE Passed May 27, It is enacted by the General Assembly as follows: SECTION 1. Section 3 of "An act to incorporate the Burdon Seamless Filled Wire Company," passed at the May session of the general assembly, A. D. 1888, is hereby amended by striking out all after the word "corporation" where it first occurs in said section 3, so that said section shall read as follows: "SEC. 3. Said capital stock shall be transferred in such manner as shall be prescribed by the by-laws of said corporation." SEC. 2. All acts and parts of acts inconsistent here. with are hereby repealed, and this act shall take effect from and after its passage. 1897. Passed May 27, AN ACT IN AMENDMENT OF AN ACT ENTITLED "AN ACT TO INCORPORATE THE WORKINGMEN'S LOAN ASSOCIATION," PASSED AT THE JANUARY SESSION, 1895. It is enacted by the General Assembly as follows: SECTION 1. Section 4 of the act entitled "An act to incorporate the Workingmen's Loan Association," is hereby amended so as to read as follows: "SEC. 4. All loans shall be for a time fixed and for not more than one year and the mortgagor or pledgor shall have a right to redeem his property mortgaged or pledged at any time before it is sold pursuant to the contract between said mortgagor or pledgor and said corporation or before the right of redemption is foreclosed on the payment of the loan and interest at the time of the offer to redeem. No loan of more than one thousand dollars shall be made to any one person. The rate of interest upon any loan made by said cor poration shall not exceed two per cent. a month. No dividend shall be paid upon the capital stock of said corporation in excess of six per cent. per annum.' SEC. 2. This act shall take effect upon its passage. RESOLUTIONS OF A PUBLIC AND PRIVATE NATURE. No. 1. RESOLUTION instructing the secretary of state to pre- Passed May 27, pare a legislative manual. Resolved, That the secretary of state be, and he is hereby, instructed to prepare a legislative manual for the use of the general assembly, containing the rules and orders thereof and such other matter as he may think proper, and cause five thousand copies of the same to be printed; also one hundred and fifty copies in pocket size, containing the rolls of membership, the committees, the rules and orders of the two houses, and such other matter as may be deemed advisable. Five hundred copies shall be placed in the hands of the secretary of state for distribution among the state and public libraries, the newspapers and the schools, one hundred copies shall be placed at the disposal of the governor, and the remainder shall be equally distributed among the senators and representatives of the general assembly: Provided, that in compiling the rules and orders he shall arrange any amendments or additional rules in their proper order, and re-number said rules and orders if necessary. 1897. 2. RESOLUTION making an appropriation for the comple- Passed May 27, tion of the new building for the State Normal 18. School in addition to the sums heretofore appropriated by resolutions of the general assembly. Resolved, That the sum of thirty-five thousand No. 3. Passed May 27, 1897. dollars in addition to the sums heretofore appropriated by resolutions of the general assembly, be, and the same is hereby appropriated out of any money in the treasury not otherwise appropriated for the purpose of disbursement upon existing contracts in completing and furnishing the new building for the State Normal School in the city of Providence under the direction of the "commission to select and purchase a site and erect thereon a building for the State Normal School" created by resolution of the general assembly passed May 24, 1893; and the state auditor is hereby directed to draw his orders upon the general treasurer for said sum, or for such portions thereof as may be necessary from time to time upon the receipt by him of vouchers properly authenticated by the aforesaid commission. RESOLUTION making an appropriation for repairs on the Bristol county court house and on the Bristol county jail. Resolved, That the sum of four thousand dollars, or so much thereof as may be necessary, be, and the same is hereby appropriated for the purpose of repairing, painting and partially refurnishing and of excavating à cellar and putting new heating apparatus in the Bristol county court house, and of repairing and putting suitable plumbing in the Bristol county jail, and that Hon. George Lewis Smith of Barrington and Hon. Benjamin Drown of Warren, on the part of the senate and Mr. Samuel Norris, Jr., of Bristol, on the part of the house of representatives, be, and they hereby are appointed a committee to superintend the expenditure of said appropriation and the state auditor is hereby directed to draw his orders on the general treasurer from time to time for the payment of said sum or such portion of the same as may be necessary out of any money in the treasury not otherwise appropriated upon the presentation of vouchers properly authenticated. |