corporation, or association offer for sale, negotiate, or cense, etc. Agents, etc. Fine. Powers of Com Banking. books, papers, provided, shall forfeit its license, be prohibited from Forfeiture of 11doing business in this Commonwealth, and be subject Penalty. to a penalty of one thousand dollars for each offense, to be recovered in an action to be brought by the Attorney General for that purpose; and any agent, solicitor, or representative thereof, so offering for sale, negotiating, or selling such securities, in such capacity or on commission, shall be guilty of a misdemeanor, and be subject, upon conviction thereof, to a penalty of fifty dollars for each offense. Section 8. The Commissioner of Banking shall have missioner of the same powers, for the examination of accounts, books, papers, and affairs of said foreign companies, corporations, associations, limited partnership and joint stock associations, as are now vested in him by Examination of law for the examination of banks, foreign companies, b corporations, associations, and joint stock and limited partnership associations; and shall, on making application for license under the provisions of this act, file with the Banking Commissioner a stipulation and agreement that the offices, books, accounts, and papers thereof, wherever located, shall be subject to the examination of said Commissioner, as fully and in the same manner as if the same were located within the State of Pennsylvania. Mileage at the rate of ten cents. per mile shall be paid by said foreign companies, corporations, associations, limited partnership and joint stock associations, to the Commissioner of Banking, for the use of the Commonwealth, on account of the travel of the examiners, appointed by said Commissioner, for the examination of the books, accounts, and affairs thereof, in addition to the expenses enumerated in the act of February eleventh, one thousand eight hundred and ninety-five, to the payment of which expenses the said companies, corporations, and associations are hereby made subject. If upon examination of any of the said foreign companies, corporations, associations, limited partnership or joint stock associations, the same should appear to be insolvent or conducting their etc. business according to hazardous methods, or that their affairs are in an unsafe or unsound condition, or in the event of the failure of any such foreign company, corporation, association, limited partnership, or joint stock association to promptly pay the mileage and examination fees herein provided, the Commissioner of Banking may, in his discretion, and after due notice Mileage. Expenses. Insolvency, to such foreign company, corporation, association, Revocation of 11limited partnership or joint stock association, revoke cense. and annul their license to do business within this Commonwealth. APPROVED-The 7th day of June, A. D. 1907. EDWIN S. STUART. Roads. Section 5, act of June 13, 1836, cited for amendment. Regulation of maximum width. No. 303. AN ACT To amend the fifth section of an act, entitled "An act relating to roads, highways, and bridges," approved the thirteenth day of June, Anno Domini one thousand eight hundred thirty-six. Section 1. Be it enacted, &c., That the fifth section of an act, entitled "An act relating to roads, highways, and bridges," approved the thirteenth day of June, Anno Domini one thousand eight hundred and thirtysix, which reads as follows: "The breadth of a public road, laid out as aforesaid, shall not exceed fifty feet, and the breadth of a private road shall not, in any case, exceed twenty-five feet," be and the same is hereby amended to read as follows:-The breadth of a private road shall not, in any case, exceed twenty-five feet, and the width of a public road shall not exceed eighty feet. APPROVED-The 7th day of June, A. D. 1907. Townships. Section 14, act of ment. No. 304. AN ACT To amend section fourteen of an act, entitled "An act to provide for the classification of the townships of the Commonwealth, with respect to their population, into two classes, and to prescribe the form of government for townships of each class." Section 1. Be it enacted, &c., That section fourteen of an act, entitled "An act to provide for the classification of the townships of the Commonwealth, with respect to their population, into two classes, and to prescribe the form of government for townships of each class," which reads as follows: "Each township treasurer shall receive, as full comcited for amend pensation for his services, a sum equal to five per centum of all taxes received or collected by him, unless a different rate be fixed by ordinance of the township commissioners, passed thirty days prior to his elec tion," be amended so as to read: pensation of. Each township treasurer shall receive, as full com- Treasurer, compensation for his services, a sum equal to five per centum of all taxes received or collected by him, and, in addition thereto, a sum equal to one per centum on all other moneys received or collected by him, unless a different rate be fixed by ordinance of the township commissioners, passed thirty days prior to his election. APPROVED-The 7th day of June, A. D. 1907. EDWIN S. STUART. No. 305. AN ACT To regulate the maximum rate of fare to be charged for transportation of passengers by street railways companies or corporations, in the cities of the second class of the Commonwealth, and prescribing a penalty for the violation thereof. second class. Maximum rates Section 1. Be it enacted, &c., That on and after the Cities of the passage of this act, no company or corporation operating a street railway in this Commonwealth shall charge, demand, or receive more than the sum of five of street railcents per trip, or passage, from each passenger on said railway, within the corporate limits of any city of the second class in this Commonwealth, for a continuous ride in one car. way companies. Section 2. Any officer, director, or employe of such company, operating as aforesaid, who shall violate the Violations. provisions of this act shall be guilty of a misde- Misdemeanor. meanor, and, upon conviction thereof, shall be sen tenced to pay a fine not exceeding the sum of five hun- Penalty. dred dollars, for each and every offense, and to undergo an imprisonment not exceeding one year, either or both, in the discretion of the court. Section 3. All acts or parts of acts inconsistent here with be and the same are hereby repealed. APPROVED--The 7th day of June, A. D. 1907. EDWIN S. STUART. Repeal. Fidelity, insurance, safety deposit, trust, and savings companies. Clause 4. section 1895, cited for amendment. No. 306. AN ACT Amending clause four of section twenty-nine of section one of an act, entitled "An act conferring upon certain fidelity, insurance, safety deposit, trust, and savings companies the powers and privileges of companies incorporated under the provisions of section twenty-nine of an act, entitled 'An act to provide for the incorporation and regulation of certain corporations,' approved April twenty-ninth, Anno Domini one thousand eight hundred and seventy-four, and of the supplements thereto," approved the twenty-seventh day of June, Anno Domini one thousand eight hundred and ninetyfive (Pamphlet Laws, three hundred and ninety-nine). Section 1. Be it enacted, &c., That clause four of section twenty-nine of section one of an act, entitled "An act conferring upon certain fidelity, insurance, safety deposit, trust, and savings companies the powers and privileges of companies incorporated under the provisions of section twenty-nine of an act, entitled 'An act to provide for the incorporation and regulation of certain corporations,' approved April twenty-nine, Anno Domini one thousand eight hundred and seventyfour, and of the supplements thereto," approved the twenty-seventh day of June, Anno Domini one thousand eight hundred ninety-five (Pamphlet Laws, three hundred ninety-nine), which reads as follows: "Clause 4. That whenever any court shall appoint 29, act of June 27, Said companies assignees, receiver, guardian, executor, administrator, or to execute any trust whatever, the said court may in its discretion, or upon the application of any person interested, appoint a suitable person to investigate the affairs and management of the company so appointed, who shall report to such court the manner in which its investments are made and the security afforded to those by or for whom its engagements are held, and the expense of such investigation shall be defrayed by the said company; or the court may, if deemed necessary, examine the officers of said company, under oath or affirmation, as to the security aforesaid," be and the same is hereby amended so as to be and read as follows: Clause 4. That whenever any court shall appoint any such company assignee, receiver, guardian, exe cutor, administrator, or to execute any trust whatever, the said court may, in its discretion, or upon the appli cation of any person interested, issue under its seal a mandate to the Banking Commissioner of Pennsyl Vania, directing him to forward to said court a certified copy of the last report of such institution filed in his office, which said certified copy shall be filed at the number and term of said court at which such company shall have been approved by said court to act in such capacity; or the said court may, in its discretion, or or may require investigation and report. Expenses. upon the application of any person interested, issue APPROVED--The 7th day of June, A. D. 1907. EDWIN S. STUART. No. 307. AN ACT To require all water and water-power companies hereafter incorporated, or hereafter formed by merger and consolidation, or hereafter purchasing the property and franchises of any other such company, to designate the exact source of their supply of water or water-power; and to require all existing water and water-power companies, merging and consolidating or purchasing the property and franchises of any other such company, to accept the provisions of this act, and of the act approved April thirteenth, one thousand nine hundred and five, entitled "An act providing that the right of eminent domain, as respects the appropriation of streams, rivers, or waters, or the land covered thereby, shall not be exercised by water companies incorporated under law," and providing the manner in which water and water-power companies, subject to the provisions of this act, may secure a new or additional source of supply for their water or water-power. Section 1. Be it enacted, &c., That from and after water and waterthe passage of this act, no application for a charter for power companies. a corporation for the supply of water for the public, Applications for or for the supply, storage, and transportation of water and water-power for commercial and manufacturing charter. |