CHAP. 92 Capital stock. property, or any personal property, with said corporation, and any of said courts may direct any person deriving authority from them, to so deposit the same. SECT. 5. The capital stock of said corporation shall be fifty thousand dollars, divided into shares of one hundred dollars each, with the right to increase said capital at any time, by vote of the shareholders, to an amount not exceeding five hundred thousand dollars. Said corporation shall not $50,000 has been commence business until stock to the amount of fifty thousand dollars shall have been subscribed for and paid in. -shall not commence business until paid in. Responsibility of shareholders. Reserve fund. Shares, how taxed. Trust funds, shall constitute SECT. 6. The shareholders of this corporation shall be individually responsible, equally and ratably, and not one for the other, for all contracts, debts and engagements of said corporation to a sum equal to the amount of the par value of the shares owned by each, in addition to the amount invested in said shares. SECT. 7. Said corporation, after beginning to receive deposits, shall at all times, have on hand in lawful money, as a reservé, not less than twenty-five per cent of the aggregate amount of its deposits which are subject to withdrawal on demand provided, that in lieu of lawful money, two-thirds of said twenty-five per cent may consist of balances payable on demand, due from any national or state bank. SECT. 8. The shares of said corporation shall be subject to taxation in the same manner and rate as are the shares of national banks. SECT. 9. All property or money held in trust by this corspecial deposit. poration shall constitute a special deposit, and the accounts thereof and of said trust department shall be kept separate, and such funds and the investment or loans of them shall be especially appropriated to the security and payment of such deposits, and not be subject to any other liabilities of the corporation; and for the purposes of securing the observance of this proviso, said corporation shall have a trust department in which all business pertaining to such trust property shall be kept separate and distinct from its general business. -trust depart ment. Board of directors. -executive board. SECT. 10. All the corporate powers of this corporation shall be exercised by a board of directors, whose number and term of office shall be determined by vote of the shareholders at the first meeting held by the incorporators and at each annual meeting thereafter. The affairs and powers of the corporation may, at the option of the shareholders, be entrusted CHAP. 93 to an executive board of five members, to be, by vote of the shareholders elected from the full board of directors. majority of said board shall reside in this state. A to examination SECT. 11. Said corporation shall be subject to examination Shall be subject by the bank examiner, as provided by section one hundred by bank and nineteen, chapter forty-seven of the revised statutes and amendments thereto. examiner. how called. SECT. 12. The first meeting of said incorporators for the First meeting, purposes of organization shall be held in said North Anson, and called by a notice signed by any two of said incorporators, and published for two weeks successively, the last publication. of which shall be seven days prior to said meeting, in any paper published in said town of Anson. SECT. 13. This act shall take effect when approved. Chapter 93. An Act to incorporate the Augusta City Hospital. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: SECT. 1. James W. Bradbury, E. C. Allen, J. Manchester Haynes, Joseph H. Manley, Elias Milliken, P. O. Vickery, M. V. B. Chase, Ira D. Sturgis, Thomas Lambard, Ira H. Randall, Oscar Holway, John F. Hill, John W. Chase, H. H. Hamlen, E. W. Whitehouse, Samuel Titcomb, D. A. Cony, S. W. Lane, George E. Macomber, H. M. Harlow, B. F. Parrott, N. W. Cole, S. S. Brooks, A. S. Bangs, J. Chandler Webber, Treby Johnson, W. S. Choate, O. D. Baker, C. W. Dority, J. J. Maher, T. J. Lynch, C. H. White, F. G. Kinsman, C. H. Guppy, Walker Gwynne, L. J. Crooker, G. W. Martin, J. S. Williamson, R. A. Griffin, L. J. Crooker, junior, G. D. Haskell, H. T. Morse, William H. Libby, George A. Philbrook, A. G. Andrews, William P. Whitehouse, J. F. Pierce, W. B. Leighton, Chandler Beale, J. E. Devine, John Coughlin, C. B. Johnson, George W. Vickery, E. C. Dudley, R. E. Goodwin, H. M. Heath, H. J. Frederick, William B. Lapham, J. L. Wood, J. H. Corporators. CHAP. 94 Cogan, J. M. Mixer, C. K. Partridge, A. W. Thayer, Horace Cony, B. C. Harvey, George A. Blodgett, E. Hutchins, E. F. Blackman, their associates and successors, are hereby incorporated and made a body politic by the name of the Augusta City Hospital, and by that name may sue and be sued, may have a common seal, and shall have all the immunities and privileges and be subject to all the liabilities of like corporations. -corporate name. May take and hold lands and SECT. 2. Said corporation may take, receive, purchase, other property. hold and possess lands and tenements in fee simple or otherwise, and dispose of and sell the same, and may receive of and from all persons disposed to aid its benevolent purposes, any grants and devises of real estate, and any donations, subscriptions and bequests of money, or other property, to be used for the erection, support and maintenance of a general hospital for the sick, to be located within the city of Augusta. By-laws, officers, their powers and duties. May establish a SECT. 3. The said corporation shall have the power to make and establish such by-laws and regulations as may be necessary for the choice of proper officers, to prescribe the ir duties and powers, and to provide generally for the internal government and economy of the hospital, such by-laws and regulations not being repugnant to the constitution and the by-laws of this state. SECT. 4. The said corporation is authorized to establish a training school training school for nurses, and to issue such diplomas as shall nurses. be fit and proper. SECT. 5. This act shall take effect when approved. Approved February 20, 1891. Corporators. -oorporate name. Chapter 94. An Act to incorporate the Swift River Improvement Company. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: SECT. 1. Hugh J. Chisholm, E. S. Coe, Galen C. Moses, W. W. Brown, John Houghton and C. A. Brown, their associates and successors, are hereby incorporated into a company under the name of the Swift River Improvement Company, with all the rights, powers and privileges and subject to the liabilities of similar corporations. SECT. 2. The capital stock of said corporation shall not exceed twenty thousand dollars. CHAP. 94 Capital stock. may take stock. Authorized to construct dams, take lands, etc. SECT. 3. Each owner of pine or spruce lands situated Owners of lands, upon Swift river or its branches, or so located that the timber thereon would naturally be driven down said waters, may take the amount of stock in said company in proportion to the number of acres of said land owned by him there, and thereupon become a member of this corporation; it being hereby intended that the benefits of this charter shall apply equally and fairly to all said land owners upon said waters. SECT. 4. Said corporation is hereby authorized to construct and maintain dams and side dams, booms and side booms and sluices, and make any other improvements on the main Swift river in the counties of Oxford and Franklin which will facilitate the transportation of logs and other lumber down said stream, to enter upon and take such land and material as may be necessary to make such improvements, and to flow such land so far as it may be necessary to accomplish its object; provided, adjudged in case said corporation shall pay to the owners of said land and of disagreement. material so taken, such sums as the parties may agreee upon, or, if they cannot agree, such damage may be adjudged by the county commissioners of the county where the land or material so taken is situated, in the same manner and under the same conditions and liabilities as provided in the case of damage by the laying out of public highways, and for lands flowed by said corporation the owners shall be entitled to the same remedies as are now provided by law in cases of flowing lands for erection of dams for mills. -damages, how SECT. 5. Said corporation, after it shall have constructed May fix tolls. the dams, side dams, booms or side booms, sluices and other improvements contemplated by this act, may demand and receive a toll of twenty-five cents per thousand feet, board measure, for logs and lumber of all kinds, and five cents per cord for pulp wood in lengths not exceeding eight feet, that shall be put into said waters above Coos bridge, fifteen cents per thousand feet for logs and lumber put in between Coos bridge and Roxbury line, and ten cents for same put in below Roxbury line, and for all pulp wood in the above lengths put in below Coos bridge, the toll shall be two cents per cord. No toll shall be demanded on any lumber or pulp word put in below Gammon falls. The above shall be in full for all toll on all logs, lumber and CHAP. 94 pulp wood that shall pass over or by their dams or improve-shall have lien ments on said river. Said corporation shall have a lien on on logs for payment. James Irish and Geo. B. Staples, their improve ments. all such logs, lumber and pulp wood until the full amount of toll is paid, and if not paid within thirty days after the same shall arrive at their place of manufacture or destination, said corporation may sell at public auction, after twenty days' notice in some newspaper printed in the county where said logs lie, so much of said logs, lumber and pulp wood as may be necessary to pay said toll and all incidental charges. SECT. 6. By reason of the fact that James Irish and shall be paid for George B. Staples have been operating upon said river and have made certain improvements for driving purposes and are now operating thereon, by themselves or assigns, it is herein provided that the value of said improvements already made, and such as shall hereafter be made by said Irish and Staples or their assigns, grantees or successors on the main river for said purposes before reasonable improvements are made by this corporation, the said Staples and Irish or their assigns, grantees or successors shall be paid a fair value for all such improvements on said main river as shall facilitate the driving of lumber of all kinds out of said river by the corporation organized under this act. In case the said value cannot be agreed upon by the parties, the same shall be determined by a committee of three suitable persons to be appointed by the supreme judicial court for Oxford county on application of either party, whose report shall be final, and the expense attending said commission shall be paid. jointly by said parties. -how value shall be determined. Irish and Staples, shall be exempt from all tolls. When payment shall be made, for improvements of Irish and Staples. SECT. 7. Said Irish and Staples or their assigns, grantees or successors shall be exempt for all tolls on lumber cut on letter D, under the present written permit which expires in eighteen hundred and ninety-three, granted them by the Berlin Mills Company, and also on all poplar pulp wood run down said river or its tributaries prior to December one, eighteen hundred and ninety-five. SECT. 8. It is also provided, that the value and payments for the improvements of the said Irish and Staples or their assigns, grantees or successors hereinbefore specified, shall be determined and paid on or before March one, eighteen hundred and ninety-three or all rights under this charter shall be forfeited. In case payment is made for the improve |