SEC. 4. The committees of arbitration and appeal elected or appointed as afore said, shall possess the same powers, and be subject to the same duties and disabilities as appertain to referees by the laws of the state of Rhode Island; and awards made by them must be made, and may be enforced as therein and thereby directed; and all applicable provisions contained in said chapter 188 of the revised statutes, and of acts in addition thereto or in amendment thereof, shall apply to proceedings had before the said committees of arbitration and appeal, as if specially incorporated herein; except that the judgment to be rendered in the manner therein directed, on any award made by them as aforesaid, that is to say, by the committee of arbitration, no appeal from its action being taken by either party to the controversy, or by the confirmatory action of the committee of appeal, shall not be subject to be removed, reversed, modified, or appealed from by the parties interested in such submission as aforesaid. AN ACT TO INCORPORATE THE PRODUCERS' SAVING BANK. It is enacted by the General Assembly as follows: SECTION 1. Charles Nourse, William O. Mason, N. Elliott, Darwin M. Cook, John Livsey, John P. Whipple, Aaron Burdon, Allen Thayer, Theo. M. Cook, Edwin R. Thomas, Alonzo D. Vose, Edwin B. Miller, P. J. Congdon, Jervis Cook, A. J. Elwell and Daniel B. Pond, are hereby created and made a body corporate, by the name and style of the Producers' Savings Bank, and they, and such others as shall be elected members of said corporation, as in this act provided, shall be and remain a body corporate, with perpetual succession. SEC. 2. Said corporation shall be capable of receiving from any person or persons disposed to obtain and enjoy the advantages of said savings bank, any deposit or deposits of money, and to use and improve the same for the purpose, and according to the directions herein. made and provided: provided, that the amount of the whole sum received by said corporation, and remaining under its management at any one time, shall not exceed two hundred and fifty thousand dollars. SEC. 3. All deposits of money received by said bank, shall be by said corporation used and improved to the best advantage; and the income or profit thereof shall be by them applied and divided among the persons making the said deposits, their executors, administrators or assigns, in just proportions, with such reasonable deductions as the management of said corporation may require; and the principal of such deposits may be withdrawn at such time and in such manner as the said corporation shall direct and appoint. SEC. 4. Said corporation shall, at their annual meeting in April, have power to elect by ballot any other person or persons as members of said corporation. SEC. 5. Said corporation may have a common seal, which they may change or renew at pleasure; and all deeds, conveyances and grants, covenants and agreements, made by their treasurer, or by any other person or persons by their authority and direction, shall be good and valid; and the said corporation shall at all times have power to sue, and may be sued, and defend, and shall be held to answer by the name, style and title aforesaid. SEC. 6. That the said corporation shall hereafter meet annually in the town of Woonsocket, some time within the month of April, and may meet as much oftener as they may judge expedient; and any seven members of said corporation, the president, secretary, or treasurer being one, shall be a quorum. And the said corporation at their annual meetings shall have power to choose and elect a president, and all such other officers as to them shall appear necessary. And all officers so elected shall be sworn before entering upon the duties of their several offices, for the faithful discharge thereof, and continue in office until their successors are duly qualified. SEC. 7. The said corporation are hereby authorized and empowered to make by-laws for the management of the business thereof, provided the same are not repugnant to the laws or constitution of this state. SEC. 8. Charles Nourse, of Woonsocket, is hereby authorized to call the first meeting of said corporation, by public notification in the Woonsocket Patriot, at such time and place as he shall judge proper. SEC. 9. Said corporation shall have a counting room. and place of business at said Woonsocket; and in all proceedings in law or equity in which said corporation shall be a party, the leaving of an attested copy of the writ, or summons, or other process, with the president, secretary or treasurer of said corporation, shall be deemed sufficient service thereof. Upon the petition of Job A. Peckham, of Newport, for leave to extend a wharf and fill in a dock in the harbor of Newport, Voted and Resolved, That the prayer of said petition be, and the same hereby is, granted; and that said petitioner be, and he hereby is, authorized to extend said wharf, not exceeding five feet, and to fill in said dock, to the ends of the wharves on each side of it. RESOLUTION of Adjournment. Resolved, That all business pending in either house of the general assembly be and the same is hereby referred to the next session of the general assembly, and that the general assembly be, and the same is, hereby adjourned to meet in the state house in the city of Providence, on the last Monday in January next, at eleven o'clock A. M. SECRETARY OF STATE'S OFFICE, I certify, that the Acts, Resolves, Rolls, and Reports printed in this volume, are true copies of the originals on file in this office. APPENDIX. ROLL OF THE MEMBERS OF THE GENERAL ASSEMBLY. At the General Assembly of the State of Rhode Island and Providence Plantations, begun and holden at Newport on the last Tuesday of May, (being the 26th day of the month,) in the year of our Lord one thousand eight hundred and sixty-eight, and of Independence the ninety-second. PRESENT: His Excellency AMBROSE E. BURNSIDE, Governor, and ex-officio President of the Senate. His Honor PARDON W. STEVENS, Lieut. Governor. |