DEPOSITS IN BANKS AND TRUST COMPANIES.

CHAP. 32

-compensation of secre

pensation of

the secretary who shall receive three hundred dollars per annum, and in addition each member shall receive five cents a mile each way for necessary traveling expenses in attending the tary. meetings of the board, but in no case shall any more be paid. for traveling expenses than has actually been expended. The extra comsecretary shall be allowed extra compensation for books, sta- secretary. tionery, postage and other necessary expenses actually incurred, and extra compensation, for each day actually spent in the investigation or prosecution, of complaints and cases under section fourteen of this chapter, shall be allowed to each member of the board actually engaged therein. Such compensation and the incidentals and traveling expenses shall be approved by the by governor board and audited by the governor and council, and paid from the state treasury, provided, that the amounts so paid shall not exceed the amount received by the treasurer of state from the board in fees as herein specified, and so much of said receipts as may be necessary is hereby appropriated for the compensation and expenses of the board as aforesaid.'

Approved March 13, 1911.

-accounts to be audited

and council.

An

Chapter 32.

Act to regulate the investment of deposits in Banks and Trust
Companies.

Banks and panies, indeposits in,

trust com

vestments of

regulated.

Be it enacted by the People of the State of Maine, as follows: Section 1. On and after January first, nineteen hundred and twelve, every trust company soliciting or receiving savings deposits which may be withdrawn only on presentation of the pass-book or other similar form of receipt which permits successive deposits or withdrawals to be entered thereon; or which at the option of the trust company may be withdrawn only at the expiration of a stated period after notice of intention to withdraw has been given; or in any other way which might lead the public to believe that such deposits are received or invested in the same manner as deposits in savings banks; or which advertises or holds itself out as maintaining a savings department, or uses the term "savings" in connection with any part of its business, shall segregate and set apart and at all times keep on hand so segregated and set apart, assets at be set apart least equal to the aggregate amount of such deposits, and the ent bank commissioner shall require all such assets as appear to him deposits. to be carried in excess of their true value to be charged down to such value.

-sums shall

equal to amount of

Section 2. Such assets so segregated and set apart shall be held for the security and payment of such deposits, and shall not be mingled with the other assets of the company, or be liable for the debts or other obligations thereof until after such deposits shall have been paid in full. All other assets of the company including the liability of the stockholders shall be held equally and ratably for the payment of all claims including any balance due such savings depositors after applying to their payment the assets so segregated and set apart.

Section 3. Such segregated assets shall be so held and recorded as to identify them as the assets held for the security of such deposits. All notes, certificates of stock, bonds and other securities representing such assets shall be plainly stamped "Savings Department"; provided, however, that in lieu thereof it shall be lawful to record in the investment book a description of assets so held sufficient to identify them.

Section 4. Such trust company may at any time require such savings depositors to give a notice not exceeding ninety days of their intention to withdraw the whole or any part of such deposits.

Approved March 15, 1911.

Assessment

Maine for

trict.

Chapter 33.

An Act relating to the assessment of taxes in organized plantations, included in the Maine Forestry District.

Be it enacted by the People of the State of Maine, as follows:

The treasurer of state shall annually send his warrant, toof taxes in gether with a copy of the assessment of taxes upon the organestry district. ized plantations in the Maine forestry district, directed to the municipal officers of said plantations, requiring them respectively to assess, in dollars and cents, the sum so charged, according to the provisions of the law for the assessment of such taxes, and to add to the amount of such tax the amount of state, county and plantation taxes, to be by them assessed in each plantation respectively.

Approved March 15, 1911.

CHAP. 34

Chapter 34.

An Act to regulate the opening of Streets in Cities.

Opening of

cities, regulated.

Be it enacted by the People of the State of Maine, as follows: Section 1. Whenever the paving or repairing of any street or public highway shall have been ordered by the city coun- streets in cil, it shall be the duty of the commissioner of public works or such officer as the city government may appoint, to duly serve upon such owners of property abutting on such street or highway and all corporations, persons, firms, bridge or water districts occupying such street or highway, a notice directing such owners, corporations, persons, firms, bridge or water districts, to make such sewer, water, and conduit connections or other work, as may be designated, within sixty days from date. of such notice. At the expiration of the time fixed, and after such street has been paved or repaired, no permit shall be granted to open such street for a period of five years except as hereinafter provided.

notice to and water

make sewer

connections.

Permits for

digging or

making exca

case of

emergency.

Section 2. Provided that owners, corporations, persons, firms, bridge or water districts shall have complied with notice as set forth in section one, then the commissioner of public vations in works, or such officers as the city government may appoint, shall have power and authority in the case of an emergency to grant and renew permits for digging or making excavations in the driveways of any of the public highways of the city for the laying of gas, water, steam or ammonia pipes or conduits, or for any other lawful purpose. Every permit shall specify the time prescribed by resolution or ordinance, or when no time is prescribed the commissioner of public works or such cavations officer as the city government may appoint, shall specify a time open. during which said excavation may remain open, the place where such excavation may be made and the number of square yards of surface which may be disturbed.

-time shall be specified in which ex

may remain

Section 3. Any person or persons, firms, corporations, Penalty. bridge or water districts, who shall dig or make an excavation. in the driveway of any public highway without first obtaining such permit as aforesaid or who having obtained such permit shall disturb a greater area of surface than specified in such permit, shall, on conviction, pay a fine or penalty of twenty-five dollars for each and every offense.

A record of shall be kept.

all permits

Section 4. That the commissioner of public works or such officer as the city government may appoint, shall keep a record of all permits granted by him, and shall, before granting the same, (work done by the city employees excepted) have fees for the applicant pay to the city treasurer the following fees, to

permits.

СНАР. 34

be

wit: For every permit for making an excavation within the driveways of any public highway paved with broken stone, granite block, wood block, brick, hassam, bitulithic or other permanent pavement, shall be as follows: For bitulithic, brick or wood block pavement, four dollars per square yard; and for all other pavements two dollars and fifty cents per square accounted yard. All such fees paid to the city treasurer shall be regularly accounted for by him in his report to the city council. Said money shall be put in a special fund for the repaving of said cuts, and when such cuts are repaired by the street department the cost thereof shall be charged to said fund.

-fees shall

for.

-special fund.

Unlawful to leave trench

open, except by permis

sion.

-refilling of trenches.

Section 5. It shall not be lawful for any person or persons, or excavation firms, corporations, bridge or water districts, having the right of opening or making excavations within the driveways of public highways in the city, to leave open at any time any trench or excavation of a greater length than two hundred feet, except by permission of the officer granting such permit; and it shall be the duty of such person or persons, firms, corporations, bridge or water districts, fully and completely to fill up such trench to the surface of the bed upon which the pavement is to be relaid, before making any further trench or excavation; said filling up to be puddled or rammed as the nature of the soil may require, and to be done and completed within the time designated in the permit for completing such trench or excavation; and that any person or persons, firms, corporations, bridge or water districts, failing to comply with the requirements, or infringing on the prohibitions of this section, shall forfeit and pay for each and every offense a fine of fifty dollars, provided, that these requirements, prohibitions and penalties shall not apply to excavations in grading, building or repairing any of the public highways under the supervision of the city authorities.

-method of filling trenches.

-penalty for failing to comply with this section.

Paving shall

be protected

of opening.

Section 6. It shall be the further duty of such person or on either side persons, firms, corporations, bridge or water districts, to protect the paving on either side of the opening by the use of sheet piling or such other means as will prevent the escape of sand from underneath it, and in determining the number of square yards of paving disturbed, there shall be included such area. of paving adjoining the trench actually opened, as will in the opinion of the commissioner of public works or such officer as the city government may appoint, be required to be taken up and relaid by reason of such failure to properly protect the

same.

Section 7. If the work or any part thereof mentioned in the preceding sections of repairing or filling the trenches or excavations aforesaid, shall be unskillfully or improperly done, it shall be lawful for the commissioner of public works or such officer as the city government may appoint, forthwith to cause the same to be skillfully and properly done, and to keep an account of the expense thereof; and in such case such person or persons, firms, corporations, bridge or water districts, in default as aforesaid, shall forfeit and pay a penalty equal to the whole of said expense incurred by said commissioner of public works or such officer as the city government may appoint, with an addition of fifty per centum; and thereafter, that is to say, upon the completion of the work and the determination of the costs thereof,,the said commissioner of public works or such officer as the city government may appoint, shall issue no further or new permit to any person or persons, firms, corporations, bridge or water districts so in default, until he shall receive in addition to the fees herein above provided, the amount of the penalty as by this section of this ordinance provided and deter

mined.

Section 8. That when any excavation shall be made in any Relaying of paved public highway and the trench shall have been filled as pavements. required by this act, it shall be the duty of the commissioner of public works or such officer as the city government may appoint, to relay the pavement; the cost thereof, including materials, labor and inspection, to be paid out of any moneys in the city treasury standing to the credit of the regular fund for this purpose.

Map or

Section 9. The party applying for a permit for said excavation must file a map or sketch with the commissioner of pub- sketch of 10lic works or such officer as the city government may appoint, showing the location and size of cuts to be made.

Section 10. That when any excavation shall be made in any paved public highway and said pavement is repaired by a contractor or the commissioner of public works or such officer as the city government may appoint, it shall be the duty of the commissioner of public works or such officer as the city government may appoint, where said pavements are laid on a concrete base, to have the concrete cut back on each side of the ditch a distance of eight inches, and in issuing the permits for cutting the pavements, this extra width shall be charged to the person applying for the same.

cation and size of cuts to be filed.

Duty of compublic works.

missioner of

Section 11. That all acts or parts of acts inconsistent with Inconsistent this act shall be and the same are hereby repealed.

Approved March 15, 1911.

acts repealed.