SECT. 4. Section twelve of said chapter is hereby amended CHAP. 202 by striking out the words "seventy-five per cent," in the sixth Sec. 12 amended line, and inserting fifty per cent,' so that, when amended, said section shall read as follows: capital stock of 'SECT. 12. No savings bank or institution for savings Investments in shall hold, by way of investment, or as security for loans, or corporations. both, more than one-fifth of the capital stock of any corporation, nor invest more than ten per cent of its deposits, and not to exceed sixty thousand dollars, in the capital stock of any corporation, nor have more than fifty per cent of its deposits in mortgages of real estate. The provisions of sections ten, eleven and twelve, shall not apply to real estate or other assets acquired by the foreclosure of a mortgage thereon, or upon judgment for debts, or in settlements to secure debts.' SECT. 5. Section fifteen of said chapter is hereby amended Sec. 15, amended. by striking out the words "one per cent," in the fourteenth line, and inserting 'three-fourths of one per cent,' so that said section, when amended, shall read as follows: SECT. 15. Every savings bank and institution for savings, incorporated under the laws of this state, shall, semiannually, on the last Saturday of April and October in each year, make a return, signed and sworn to by its treasurer, of the average amount of its deposits for the six months next preceding each of said days, deducting an amount equal to the amount of United States bonds, and the value of real estate owned by said bank or institution. Said return shall Savings banks to make semi-an nual return to treasurer of state. ing false return. treasurer of state. be made to the treasurer of the state on or before the second Monday of May and November of each year, and for wilfully making a false return, he shall be liable to pay a fine Penalty for makof not less than five hundred nor more than five thousand dollars. The treasurer shall pay to the treasurer of the state Tax payable to a tax on account of its deposits of three-fourths of one per cent per annum on the amount of its deposits as in said returns. One-half of said tax to be assessed on the average how assessed. amount on deposit for the six months ending and including the last Saturday in April, and the other half on the average on deposit for the six months ending and including the last Saturday in October. One-half of the sum so paid to be appropriated for the use of schools, as provided in chapter how approeleven, section ninety-one of the revised statutes, and one priated. CHAP. 191 Sec. 7, ch. 120, Larceny by embezzlement or fraudulent conversion of property. The receiver liable. Chapter 191. An Act to amend section seven of chapter one hundred and twenty of the Revised Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: Section seven of chapter one hundred and twenty of the revised statutes, is hereby amended so that said section, as amended, shall read as follows: SECT. 7. If an officer, agent, clerk or servant of a person, copartnership, or corporation, not an apprentice, nor less than sixteen years of age, embezzles, or fraudulently converts to his own use, or takes and secretes, with intent to do so, without the consent of his employer or master, any property of another in his possession, or under his care, by virtue of his employment, or if a public officer, collector of taxes, or an agent, clerk or servant of a public officer or tax collector, embezzles or fraudulently converts to his own use, or loans, or permits any person to have or use for his own benefit, without the authority of law, any money in his possession, or under his control, by virtue of his office or employment by such officers, he shall be deemed guilty of larceny and be punished accordingly, and whoever, knowingly receives from a public officer, collector of taxes, or his clerk, servant or agent, with intent to convert the same to his own use, without authority of law, any money in the possession or under the control of such officer, by virtue of his office, shall be guilty of larceny and punished accordingly. But the foregoing provisions in relation to public officers, collector of taxes, their clerks, servants or agents, shall not apply to deposits by such officer in any bank, nor to any advances made towards the salary of such officer, nor to any person in the employ of the state, or to whom the state is indebted, if the sums advanced do not exceed the sum due him,' Approved March 10, 1883. FORMATION OF RAILROAD CORPORATIONS.-CONDITIONAL PARDONS. Chapter 192. An Act to repeal chapter one hundred and ninety of the Public Laws of eighteen hundred and seventy-seven, entitled "An Act to amend section six of chapter one hundred and twenty of the public laws of eighteen hundred and seventy-six." Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: 155 CHAP 192 public laws 1877, repealed. Chapter one hundred and ninety of the public laws of Ch. 190, eighteen hundred and seventy-seven, entitled "An Act to amend section six of chapter one hundred and twenty of the public laws of eighteen hundred and seventy-six," to authorize the formation of railroad corporations, is hereby repealed. Approved March 10, 1883. Chapter 193. An Act to provide for the granting of Conditional Pardons. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: SECT. 1. In any case in which the governor is authorized by the constitution to grant a pardon, he may, by and with the advice of the council, and upon the petition of the person convicted, grant it upon such conditions, with such restrictions and under such limitations as he deems proper, and he may issue his warrant to all proper officers to carry such pardon into effect; which warrant shall be obeyed and executed instead of the sentence originally awarded. SECT. 2. When a convict is pardoned on conditions to be observed and performed by him, and such conditions are violated by him, the warden of the state prison, or keeper of the jail, where the convict was confined, shall forthwith cause him to be arrested and detained until the case can be examined by the governor and council; and the officer making the arrest shall forthwith give notice thereof, in writing, to the governor and council. SECT. 3. The governor and council shall, upon receiving such notice, examine the case of such convict, and if it appears by his own admission, or by evidence, that he has violated the conditions of his pardon, the governor, with the advice of the council, shall order the convict to be remanded and confined for the unexpired term of the sentence. In Governor may such conditions grant pardons on as he may deem proper. When conditions vict to be arrested are violated, con and case exam ined. Officer making governor and arrest, to notify council. If conditions are violated, convict to be remanded to prison. CHAP. 194 computing the period of his confinement, the time between the conditional pardon and the subsequent arrest shall not be taken to be part of the term of his sentence. If it appears to the governor and council that he has not broken the conditions of his conditional pardon, he shall be discharged. Officer to whom warrant granting to make return of doings. SECT. 4. When a convict is pardoned, or his punishment pardon is issued, is commuted, the officer to whom the warrant for that purpose is issued shall, as soon as may be after executing the same, make return thereof, under his hand, with his doings thereon, to the office of the secretary of state; and he shall also file in the clerk's office of the court in which the offender was convicted, an attested copy of the warrant and return, a brief abstract whereof, the clerk shall subjoin to the record of the conviction and sentence. Approved March 10, 1883. Persons having no pauper settle from an unincor porated place to any town, and needing relief, shall be supported by state. Chapter 194. An Act relating to support of persons having no pauper settlement in the state, and removing from unincorporated places into towns. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: SECT. 1. When persons residing in any unincorporated ment, removing place in the state, and having no pauper settlement in the state, remove from such unincorporated place to any town in which such persons have never resided before such removal, and there need relief, and the same is furnished to them by such town, the state shall reimburse the town for such relief so furnished, in the same manner and under the same restrictions as provided in section twenty-two of chapter twentyfour of the revised statutes, and acts amendatory of and additional to said section, in relation to supplies furnished to persons having no settlement in the state, found in places not incorporated. SECT. 2. This act shall take effect when approved. Approved March 10, 1883. Chapter 195. An Act to repeal section eight of chapter forty-eight of the Revised Statutes, relating to manufacturing, mining and quarrying corporations. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: CHAP. 195 S., repealed. SECT. 1. Section eight of chapter forty-eight of the re- Sec. 8, ch. 48, R. vised statutes, relating to manufacturing, mining and quarry ing corporations, is hereby repealed. SECT. 2. This act shall take effect when approved. Approved March 10, 1883. Chapter 196. An Act to provide for the addition of one member to the Board of Trustees of the State College of Agriculture and the Mechanic Arts, and to make such member from the graduates of said college. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: SECT. 1. That one additional member shall be added to the present board of trustees of the State College of Agriculture and the Mechanic Arts, who shall be a graduate of said college, and not less than twenty-five years of age, and Additional truscollege, etc., to qualifications. tee of state be appointed. a resident of this state, and shall hold his office for a term of tenure. point on nomina college. SECT. 2. That the governor, with the advice and consent Governor to apof the council, shall appoint such member of said board of tion of alumni of trustees to fill such vacancy upon nomination of the alumni association of said college, made at any regular meeting of said association, held for that purpose, and made known to the governor and council by the secretary of said association, under seal. SECT. 3. Said alumni association shall make such appointment, and the secretary shall make the appointment known to the governor and council within six months after any vacancy may occur in such position, or after the approval of this bill by the governor, and in case such appointment shall not be made by said association within said six months, or said Appointment to be made within six months after vacancy occurs. |