[House Bill, Substitute for House Joint Resolution No. 176.] [207.] AN ACT MAKING AN APPROPRIATION FOR THE EDUCATION OF THE DEAF AND DUMB FOR THE TWO YEARS ENDING SEPTEMBER 30, 1905. Be it enacted by the Senate and House of Representatives in General. Assembly convened: Fifty-five thousand dollars, or so much thereof as may be necessary, is hereby appropriated for the support, care, and education of the deaf and dumb, under contracts made by the governor, for the two fiscal years ending September 30, 1905; provided, that the entire amount appropriated shall not exceed two hundred and fifty dollars per annum for each pupil. Approved, May 4, 1903. [Senate Bill No. 159.] AN ACT MAKING APPROPRIATIONS FOR THE EXECUTIVE DEPARTMENTS FOR THE TWO YEARS ENDING SEPTEMBER 30, 1905. Be it enacted by the Senate and House of Representatives in General Assembly convened: The following sums are hereby appropriated to be paid out of any money in the treasury not otherwise appropriated, in full compensation for the objects hereinafter specified for the two fiscal years ending September 30, 1905: For salary of the governor, eight thousand dollars; for salary of the lieutenant-governor, one thousand dollars; for salary of the executive secretary, twenty-four hundred dollars; for salary of the executive clerk, thirty-six hundred dollars; for inaugural ceremonies, five hundred dollars; for office and incidental expenses, twenty-four hundred dollars; for extraordinary expenses of the governor, to be used at his discretion on state occasions, three thousand dollars; for salary of the secretary, three thousand dollars; for salary of the chief clerk to the secretary, thirty-six hundred dollars; for salary of the first assistant clerk to the secretary, twenty-eight hundred dollars; for salary of the second assistant clerk to the secretary, twentyeight hundred dollars; for per diem clerical services in the secretary's office, four thousand dollars; for incidental expenses in the secretary's office, one thousand seven hundred and fifty dollars; for preservation of old records, one thousand dollars; for salary of the treasurer, three thousand dollars; for salary of chief clerk to the treasurer, thirty-six hundred dollars; for salary of the first assistant clerk to the treasurer, twenty-eight hundred dollars; for salary of the second assistant clerk to the treasurer, twenty-eight hundred dollars; for salary of the third assistant clerk to the treasurer, twenty-eight hundred dollars; for per diem clerical services in the treasurer's office, sixteen hundred dollars; for office and incidental expenses of the treasurer, one thousand five hundred dollars; for salary of the comptroller, three thousand dollars; for salary of the chief clerk to the comptroller, thirty-six hundred dollars; for salary of the assistant clerk to the comptroller, twenty-eight hundred dollars; for per diem clerical services in the office of the comptroller, eighteen hundred dollars; for office and incidental expenses of the comptroller, one thousand dollars; for legal expenses of the comptroller, two hundred dollars; for attorney-general's salary, eight thousand dollars; for expenses of the attorney-general, two thousand dollars; for office expenses of the attorney-general, two thousand dollars; for the attorney-general, for assistance, two thousand dollars. Approved, May 11, 1903. [House Bill, Substitute for House Joint Resolution No. 257.] [209.] AN ACT MAKING AN APPROPRIATION FOR BUILDING CONDUITS FOR Be it enacted by the Senate and House of Representatives in General SECTION 1. The sum of four thousand dollars, or so much thereof as may be necessary, is hereby appropriated for the two fiscal years ending September 30, 1905, to be expended under the direction of the soldiers' hospital board for the purpose of providing conduits for steam pipes and covering steam pipes at Fitch's Home for the Soldiers. SEC. 2. This act shall take effect from its passage. Approved, May 11, 1903. [House Bill, Substitute for House Joint Resolution No. 256.] [210.] AN ACT MAKING AN APPROPRIATION FOR REPAIRING AND EXTENDING THE SEWER AT FITCH'S HOME FOR THE SOLDIERS. Be it enacted by the Senate and House of Representatives in General Assembly convened: SECTION 1. The comptroller is hereby authorized and directed to draw his order on the treasurer in favor of the soldiers' hospital board for the sum of four thousand dollars, for the purpose of repairing, relaying, and extending the sewer for Fitch's Home for the Soldiers. SEC. 2. This act shall take effect from its passage. [Senate Joint Resolution No. 208.] [211.] INCORPORATING THE WILLIMANTIC TRUST COMPANY. Resolved by this Assembly: SECTION 1. That William D. Grant, George F. Taylor, Jesse F. Church, Charles P. Backus, and George E. Hinman, together with such other persons as are or may be hereafter associated with them, their successors and assigns, be and they are hereby constituted a body politic and corporate by and under the name of The Willimantic Trust Company, with its principal office at Willimantic, in the town of Windham, and by that name are empowered and shall be capable in law upon such terms as may be agreed upon to purchase and hold all kinds of property, real, personal, and mixed, and the same at pleasure to sell, lease, convey, mortgage, pledge, or otherwise dispose of; to sue and be sued, plead and be impleaded, in all courts in this state or elsewhere; to have and use a common seal and the same to alter and renew at pleasure; to make and carry into effect all such by-laws, rules, and regulations as may be deemed expedient for the management of the affairs of the corporation, not contrary to law; and generally to do and cause to be done and executed all such acts and things as may be necessary and proper, within the limitations aforesaid. SEC. 2. Said corporation is empowered to receive and hold money in trust and on deposit, and loan the same at interest; to receive in trust and on deposit and to loan at interest all estate, real, personal, and mixed, including the notes, bonds, obligations, and accounts of states, individuals, companies, and corporations, private or municipal, and the same to purchase, collect, adjust, and settle, and also to sell and dispose thereof in any market, without proceedings in law or equity, and for such price and on such terms, and under such arrangement, as may be agreed upon between said corporation and the contracting parties; also to construct safety deposit vaults and safes, lease and operate the same, and in general to provide receptacles for and to receive upon deposit or for safe-keeping, jewelry, plate, stocks, bonds, and valuable property of every kind, upon such terms as may be agreed upon with the depositors and under such conditions as shall be set forth in the by-laws of the corporation; also to accept and execute all trusts, whether fiduciary or otherwise, which may be committed to it by any person or persons whatever, or by any corporation, or by direction of any court, tribunal, or other legally constituted authority in this state or elsewhere, or otherwise, and to make such rules and regulations in reference to trust funds, deposits, or savings left for accumulation or safe-keeping, as shall be for the best interests of the parties interested therein, allowing and receiving such interest or compensation therefor as may be agreed upon; also to issue, register, or countersign certificates of stock, bonds, or other obligations or evidences of indebtedness of any corporation, association, municipality, state, or public authority, and to receive and make payments on account of the same or dividends declared on the same, and to receive and manage any sinking fund therefor, all upon such terms as may be agreed upon; to take charge of and manage any property belonging to others, collecting the rents and income thereof, and generally to do all things pertaining to the care, management, increase, and development of the same; to discount or purchase choses in action of all kinds, including notes, bills of exchange, policies of insurance, and warehouse receipts; to own and make loans upon choses in action, bonds or stocks, personal property, mortgages, and deeds of trust, or real estate, wherever located; to sell notes or bonds so secured by mortgages or trust deeds of real estate, and to obtain loans upon any property owned by said corporation. SEC. 3. Said corporation may be appointed and may accept the appointment of and act as executor or trustee under any last will and testament, and of administrator, with or without the will annexed, of the estate of any deceased person, and of trustee of any insolvent estate, and of conservator of the property and estate of any incapable person, and of trustee of any person or corporation created by written instrument, and of guardian of the estate of any infant and receiver of any corporation, copartnership, or individual estate. SEC. 4. In all cases where an application shall be made to any court having jurisdiction for the appointment of a guardian of the estate of an infant, or for the appointment of a trustee under a will or other written instrument, or of a life estate, or for the appointment of an administrator, with or without the will annexed, of any estate, or of a trustee of the estate of an insolvent debtor, or of a conservator of the property and estate of any incapable person, or of a receiver of any corporation, copartnership, or individual estate, such court shall have power to appoint said corporation guardian of the estate of such minor, such administrator, trustee, receiver, or conservator, upon the security herein provided for the fulfilment of said trust. Said corporation, in respect to such trusts as shall be committed to it by any court or tribunal under the provisions of this resolution, shall be subject to all such orders and decrees as said court shall make and pass in respect thereto, and to the investment thereof, and it shall be liable to account at such time or times and in such way or manner as said court or tribunal shall from time to time direct. SEC. 5. Said corporation shall have full power of investment, reinvestment, and general management of all property and moneys so coming into its hands, subject to the statute law as to the class of securities in which it may invest, and it shall be lawful for said corporation to take and hold any estate, real, personal, or mixed, in trust or otherwise, as security for, or in payment of, loans or debts. due or to become due to said company; to purchase real estate or other property at any sale made by virtue of any loan, debt, or mortgage made or held by said company, and receive and take in satisfaction of any such loan or debt any real estate or other property, and to hold, lease, and convey the same at pleasure. SEC. 6. All the capital stock, property, and estate of every kind belonging to said corporation shall be and stand charged with the fulfilment of said trusts, and the payment of said deposits and said trust and other funds, as the first and prior liens thereon, in case of the failure of said corporation; and whenever said company shall be appointed by any tribunal and accept a position as executor, administrator, guardian, conservator, or trustee as aforesaid, or become by such appointment the depository of property from any person or persons or corporation, it shall give such security as may be ordered by the court making such appointment, or in lieu thereof the court may order that the paid-in capital stock, together with the property of said company, shall be taken and considered as the only security required by law for the faithful performance of its duties. SEC. 7. The capital stock of said company shall be fifty thousand dollars, divided into shares of one hundred dollars each, and the same may hereafter be increased, as the stockholders see fit, by a majority vote of all of the issued stock of said company to any amount not to exceed one hundred thousand dollars. Said company may begin business when the said original stock, as aforesaid, shall have been subscribed for and paid in. Payment on any increase of capital stock shall be made as aforesaid. If any subscriber or any holder of any share or shares of said capital stock shall neglect or refuse to pay any instalment as aforesaid for the, period of thirty days after the same shall be required or become due, the stock of such negligent stockholder may be sold by order of the board of directors at auction or otherwise; and the proceeds of such sale shall be first applied in payment of the instalment or instalments called for and the expense attending the sale, and the balance, if any, shall be refunded to such delinquent stockholder; the said sale shall in all respects entitle the purchaser to all the rights of the stockholder to the extent of the shares so bought. The capital stock of said corporation shall be transferred according to the by-laws of the company. SEC. 8. All of the affairs of said company shall be managed and controlled by a board of not less than three nor more than seven directors, who shall be chosen annually by ballot from among and by the stockholders in general meeting, and who shall hold their offices until their successors shall be duly elected. The officers of said company shall be a president, a vice-president, a secretary, and a treasurer, to be elected by the directors, and the directors may appoint such other officers and agents as may be deemed necessary for performing the business of the company, fix their compensation, and determine the nature and amount of the securities to be given by any of them for the faithful performance of their duties. The directors may also adopt such by-laws as they may deem advisable, not inconsistent herewith or with the laws of this state, and may from their number appoint an executive committee, and confer upon such committee such powers as they deem proper. The annual meeting of said company shall be held at such time in each year as the by-laws shall prescribe. |