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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3291   View pdf image (33K)
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THOMAS SWANN, ESQUIRE, GOVERNOR. 953

Cumberland, as may be compatible with the full
and convenient use of said Railroad, and in such
manner as to produce as little obstruction as may
be to the location of other railroads through said
gap by any corporation now authorized, or that
may hereafter be authorized to construct the same
under the authority of this Article.

 

Sec. 150. And be it enacted, That all questions
of difference that may arise between any two cor-
porations incorporated under this Article, or be-
tween any corporation and a citizen in regard to a
locating, constructing or working its railroad or
railroads, or in respect to the charges of transpor-
tation thereon, may be submitted to and decided
by the Board of Public Works, and the decision of
the said Board shall be final in all cases submitted
to them.

Decided by
Board of Pub-
lic Works.

Sec. 151. And be it enacted, That nothing con-
tained in this Article shall be construed to inter-
fere with any lien law now in force or that may
hereafter be enacted.

Lien law.

Sec. 152. And be it enacted, That any saving
institution incorporated under this Article shall
be capable of receiving from any person or persons,
or bodies corporate or politic, any deposit of money
which shall be invested or loaned out on good se-
curity in the discretion of the directors ; provided,
no part of the funds of said corporation shall be
loaned to any officer or director of such corpora-
tion.

Saving insti-
tution.

Sec. 153. And be it enacted, That it shall be
the duty of the directors of such corporation to ap-
point at least once in every twelve months, five
competent members of said corporation as a com-
mittee of examination, whose duty it shall be to
investigate the affairs of said corporation, and to
make and publish a report of such investigations
in one or more newspapers published in the county
or city in which such institution is situated ; and
it shall be the duty of the directors, at least once
in every six months in each and every year, to
make and declare such dividends of the interest
and profits of said institution, as will not impair
the deposits thereof, or otherwise injure or effect
the interest or credit of said institution, and the

Committee of
Examination.



 

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Proceedings and Acts of the General Assembly, March 30, 1868
Volume 142, Page 3291   View pdf image (33K)
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