CHAP. 12 each and every year until such fund with the accumulated interest thereon, shall amount to one-fourth of the capital stock of said corporation. Subject to taxation. Subject to examination. -expenses to be paid by corporation. First meeting, how called. Section 14. The shares of said corporation shall be subject to taxation in the same manner and rate as are the shares of national banks. Section 15. Said corporation shall be subject to examination by the bank examiner, who shall visit it at least once in every year, and as much oftener as he may deem expedient. At such visits he shall have free access to its vaults, books and papers, and shall thoroughly inspect and examine all the affairs of said corporation, and make such inquiries as may be necessary to ascertain its condition and ability to fulfill all its engagements. If upon examination of said corporation the examiner is of the opinion that its investments are not in accordance with law, or said corporation is insolvent, or its condition is such as to render its further proceedings hazardous to the public or those having funds in its custody, or is of the opinion that it has exceeded its powers or failed to comply with any of the rules or restrictions provided by law, he shall have such authority and take such action as is provided for in the case of savings banks by chapter forty-seven of the revised statutes. He shall preserve in a permanent form a full record of his proceedings, including a statement of the condition of said corporation. A copy of such statement shall be published by said corporation immediately after the annual examination of the same in some newspaper published where said corporation is established. If no paper is published in the town where said corporation is established, then it shall be published in a newspaper printed in the nearest city or town. The necessary expenses of the bank examiner while engaged in making such examination shall be paid by said corporation. Section 16. Any three of the corporators named in this act may call the first meeting of this corporation by mailing a written notice, signed by all, postage paid, to each of the other corporators, seven days at least before the day of the meeting, naming the time, place and purpose of such meeting, and at such meeting the necessary officers may be chosen, by-laws adopted, and any other corporate business transacted. Section 17. This act shall take effect when approved. Approved February 9, 1899. Chapter 13. An Act to amend Section one of Chapter three hundred and fifty of the Private and Special laws of eighteen hundred ninety-seven, relating to the erection and maintenance of booms in the Penobscot River. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: CHAP. 13 Section 1, special laws chapter 350, 1897, Section I. Section one of chapter three hundred and fifty of the private and special laws of eighteen hundred and ninetyseven is hereby amended by striking out after the word "river" amended. in the sixth line of said section, the words "at the head of Hersey island" and inserting in the place thereof, the words 'about one hundred rods above Snow island,' so that said section, as amended, shall read as follows: 'Section I. The Katahdin Pulp and Paper Company, a corporation existing under the laws of Maine, its successors and assigns, are hereby authorized and empowered to locate, erect, and maintain in the Penobscot river, between a line drawn across the Penobscot river at the head of Mattanawcook island, so called, and a line drawn across said river about one hundred rods above Snow island, so called, in said towns of Lincoln and Chester, piers and booms for the purpose of collecting, holding, separating and sorting out logs, pulp wood and other lumber coming down said Penobscot river. Provided, however, that at least two sorting gaps are constructed, maintained and used for the passage of logs, pulp wood and other lumber through said booms. Said piers and booms shall be so located, constructed, maintained and used that logs and lumber running down said river, belonging to other parties, and not destined for use and manufacture at the mills of said company, its successors and assigns, shall not be unreasonably impeded or delayed, and such logs and lumber of other parties, when stopped for sorting, shall be turned by as soon as they can be practicably sorted out and separated from logs and lumber destined for use and manufacture at said mills, and any stray logs, pulp wood and other lumber not destined for use and manufacture at the mills of said company, if found in the booms of said company, shall be turned out thereof by said company, upon demand of the owner or owners thereof in writing, at its own charge and expense.' Section 2. This act shall take effect when approved. Approved February 9, 1899. Company authorized to build plers and booms in Penobscot river. sorting maintained. gaps to be -shall not obstruct passage of logs. CHAP. 14 Company authorized to issue bonds and mortgage property. Chapter 14. An Act to authorize the Skowhegan Electric Light Company to issue bonds. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: Section 1. The Skowhegan Electric Light Company is authorized to issue its bonds for the payment of its floating debt and for extensions, additions and improvements to its plant, at such rates of interest and on such time as it may deem expedient, to an amount not exceeding one hundred thousand dollars, and to secure same by a mortgage of the franchises and property present and hereafter to be acquired of said company. Section 2. This act shall take effect when approved. Approved February 9, 1899. Section 9, special laws Chapter 15. An Act to amend Chapter one hundred and fifty-four of the Private and Special laws of eighteen hundred and ninety-five, relating to the charter of the Wiscasset Water Company. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: Section nine of chapter one hundred and fifty-four of the chapter 154, private and special laws of eighteen hundred and ninety-five, is hereby amended as follows: the word "four" in the first line of said section is striken out and the word 'six' inserted, so that said section shall read as follows: 1895, amended. Charter extended six years. 'Section 9. This act shall become null and void in six years from the approval hereof, unless the corporation shall have organized and commenced the actual construction of its works under this charter.' Approved February 9, 1899. CHAP. 16 Chapter 16. An Act to incorporate the Brownville Water Company. Be it enacted by the Senate and House of Representatives in Legislature assembled, as follows: -corporate name. Section 1. J. F. Sprague, P. M. Jones, Edwin M. Johnston, Corporators. and William E. Jones, their associates and successors, are hereby made a corporation by the name of the Brownville Water Company, for the purpose of conveying to and of supplying the inhabitants of the town of Brownville with water for ali domestic, sanitary, municipal and commercial purposes; with purposes. all the rights and privileges, and subject to all the liabilities and obligations of similar corporations under the general laws of this state. May hold exceeding estate not $50,000. Authorized water. -erect dams, etc. Section 2. Said corporation may take and hold, by purchase or otherwise, real and personal estate necessary and convenient for the purposes aforesaid, not exceeding fifty thousand dollars. Section 3. For any of the purposes aforesaid or for the preservation of the purity of said water, said corporation is hereby to take authorized to take and use water from springs of water in lands owned by Urban Sumner, Catharine Jones and William Jones, situate in the town of Williamsburg in the county of Piscataquis, and Curtis Billings, situate in the town of Brownville in said county of Piscataquis, to conduct aforesaid, to survey for, locate, erect and maintain, suitable dams, reservoirs, machinery, te pipes, aqueducts and fixtures; to carry its pipes or aqueducts under or over any water course, bridge, street, railroad, highway or other way; and said corporation is further authorized to enter upon and excavate any highway or other way, in such a manner as least to obstruct the same; to enter, pass over and excavate any lands, and to take and hold by purchase or other- may take wise, any real estate, rights of way or of water, and in general do any acts necessary, convenient or proper, for carrying out any of the purposes hereinbefore specified. And said corporation is further authorized for the purpose of making all needed repairs or service connections, to lay its pipes through any public or private land or ways, with the right to enter upon the same and dig therein; and said corporation may establish written regulations for the use of the water aforesaid, and change the same from time to time. -lay pipes over any course, water street, etc. lands. lay pipes through public or lands. private Shall file location in deeds, and plan of registry of Section 4. Said corporation shall file in the registry of deeds, in the county of Piscataquis, plans of the location of all land and water rights taken under the provisions of this act, and no entry shall be made on any lands except to make surveys, until the expiration of ten days from said filing; and with such ing to pay. statement of damages it is will CHAP. 16 plan the said corporation may file a statement of the damages it is willing to pay any person for the property so taken, and if the amount finally awarded does not exceed that sum, said corporation shall recover costs against said person, otherwise such person shall recover costs against said corporation. Manner of case of dis- Liability Section 5. In case of failure to agree with any railroad company, as to place, manner and conditions of crossing its railroad with such pipe, the place, manner and conditions of such crossings shall be determined by the railroad commissioners and all work within the limits of the railroad location and lands, shall be done under the supervision and to the satisfaction of the officers and agents of the railroad company, but at the expense of the said water company. Section 6. Said corporation shall be held liable to pay all for damages. damages that shall be sustained by any persons, to themselves or their property, occasioned by the use of such streets and ways, and shall pay to said town all sums recovered against said town for damages from obstructions caused by said corporation, and for all expenses including reasonable counsel fees incurred in defending said suits with interest on the same, but said corporation may assume the defense of all suits brought to recover damages as aforesaid; and also for all damages sustained by any persons by the taking of any lands, water, right of way, or other property, or by excavating through any land for the purpose of surveying, locating, laying or building dams, reservoirs, pipes, aqueducts, and for any other injuries resulting from said acts, and if any person sustaining damages as aforesaid, shall not agree with said corporation upon the sum to be paid therefor, either party on petition to the county commissioners of Piscataquis county within twelve months after said plans are filed, may have said damage assessed by them and subsequent proceedings and right of appeal thereon, shall be had in the same manner and under the same conditions, restrictions and limitations as are by law prescribed in the case of damages by the laying out of highways. Failure to apply for damages within twelve -failure to apply for damages held to be a waiver. Authorized to lay pipes, etc. -town anthorized to contract for water. months shall be held to be a waiver of the same. Section 7. Said corporation is hereby authorized to lay down and maintain in and through the streets and highways of the town aforesaid, all such pipes, aqueducts and fixtures as may be necessary for the purposes hereinbefore specified. Said Brownville is hereby authorized to contract with said corporation for a supply of said water, for fire or other purposes, for a term of years, and at the expiration of such contract to change or renew the same. |