ACTS AND RESOLVES PASSED BY THE General Court of Massachusetts, IN THE YEAR 1864, TOGETHER WITH THE MESSAGES OF THE GOVERNOR, LIST OF THE CIVIL The General Court of 1864 assembled on Wednesday, the sixth day of January, and was prorogued on Saturday the fourteenth day of May. The oaths required by the Constitution to be administered to the Governor of the Commonwealth, were taken and subscribed by His Excellency JOHN A. ANDREW, on Friday, the eighth day of January. ACTS, GENERAL AND SPECIAL. AN ACT TO EXTEND THE TIME FOR LOCATING AND CONSTRUCTING Chap. 1. THE MILFORD AND WOONSOCKET RAILROAD. Be it enacted by the Senate and House of Representatives, in General Court assembled, and by the authority of the same, as follows: SECTION 1. The time for locating the Milford and Woonsocket Railroad is hereby extended one year, and the time for constructing the same is extended two years. SECTION 2. This act shall take effect upon its passage. AN ACT TO AUTHORIZE SAVINGS BANKS AND INSTITUTIONS FOR Chap. 2. SAVINGS TO INVEST IN CERTAIN BANK STOCKS. Be it enacted, &c., as follows: banks organized re strictions of Gen. SECTION 1. Savings banks and institutions for savings May invest in may invest their funds in the stock of any banking associa- under U. S. law, tion located in this state, and organized under the provisions subject to of the act of congress, approved the twenty-fifth day of Stats. of Mass. February, in the year eighteen hundred and sixty-three, subject to the restrictions contained in the one hundred and forty-third section of the fifty-seventh chapter of the General Statutes, and in all laws passed subsequently thereto : provided, however, that such corporation shall not hold, by Proviso. way of investment and as security for loans, more than onequarter of the capital stock of any one bank. call, and receive SECTION 2. Said corporations may deposit on call, in such May deposit on national banking associations, and may receive interest interest. therefor, in the same manner as they are now authorized to do in banks incorporated under the authority of this state: provided, that the whole amount deposited in banks shall Proviso. not exceed the limits now fixed by law. SECTION 3. This act shall take effect upon its passage. |