Metropolitan nated on the face thereof, Metropolitan Water Loan, Act of SECTION 3. This act shall take effect upon its passage. Chap.173 AN ACT TO AUTHORIZE THE TAX COMMISSIONER TO FURNISH 1909, 490, Part III, Tax commissioner to TO ASSESSORS PRINTED INSTRUCTIONS RELATIVE TO THE Be it enacted, etc., as follows: Section five of Part III of chapter four hundred and § 5, amended. ninety of the acts of the year nineteen hundred and nine is hereby amended by inserting after the word "commonwealth", in the fifth line, the following: - He shall prepare and issue printed instructions to assessors as a guide to them in carrying out the said purpose. Such printed instructions shall be adapted to varying local circumstances, and to differences in the character and condition of property subject to local taxation. He may furnish to local assessors blank forms for use in valuing such property, so as to read as follows:- Section 5. He may visit any city or town, inspect the work of its assessors and give to them such information and require of them such action as will tend to produce uniformity in valuation and assessments throughout the commonwealth. He shall prepare and issue printed instructions to assessors as a guide to them in carrying out the said purpose. Such printed instructions shall be adapted to varying local circumstances, and to differences in the character and condition of property subject to local taxation. He may furnish to local assessors blank forms for use in valuing such property. He may cause an assessor who violates any of the laws relative to the assessment of taxes for which a penalty is imposed to be prosecuted, either in the county in which said officer resides or in an adjoining furnish information and printed in structions to assessors. Blank forms. further defined. county. He may appear before the superior court or any Duties, etc., board of county commissioners sitting for the abatement of taxes. He shall be allowed his reasonable travelling expenses incurred under the provisions of this section. He shall give his opinion to assessors and collectors upon any question arising under any statute relating to the assessment and collection of taxes, and may advise and consult with the attorney-general upon all questions arising under this provision. The supervisors of assessors shall perform, subject to the control, approval and direction of the tax commissioner, all the duties imposed herein upon said tax commissioner. The duties imposed upon and the powers granted to the tax commissioner by the provisions of this act may be exercised by him in person or by his deputy or first assistant acting under his direction and control. Approved May 3, 1916. AN ACT RELATIVE TO POLICE, DISTRICT AND MUNICIPAL Chap. 174 COURTS AND THEIR OFFICIALS AND PRACTICE. Be it enacted, etc., as follows: certain courts SECTION 1. The process, civil or criminal, of a district, Process of police or municipal court shall run throughout the com- to run through monwealth for service in any case or proceeding within its jurisdiction. commonwealth. SECTION 2. District, police and municipal courts shall be Practice of courts of superior and general jurisdiction with reference to certain courts. all cases and matters in which they have jurisdiction, and it shall not be necessary for any order, decree, judgment, sentence, warrant, writ or process which may be made, issued or pronounced by them to set out any adjudication or circumstances with greater particularity than would be required in other courts of superior and general jurisdiction, and the like presumption shall be made in favor of proceedings of such courts as would be made in favor of proceedings of other courts of superior and general jurisdiction. Approved May 3, 1916. AN ACT RELATIVE TO THE TAKING OF DEPOSITS BY CERTAIN Be it enacted, etc., as follows: Chap. 175 SECTION 1. Of the money held for safe-keeping by Amount of depersons, partnerships, associations or corporations, subject as cash on hand, posits to be held etc. Investment of remainder. In real estate. In notes secured In notes of responsible persons. In notes of responsible borrowers with pledges. to the provisions of chapter four hundred and twenty-eight of the acts of the year nineteen hundred and five, as amended by chapter four hundred and eight of the acts of the year nineteen hundred and six, and by chapter three hundred and seventy-seven of the acts of the year nineteen hundred and seven, and by chapter three hundred and thirty-eight of the acts of the year nineteen hundred and ten, not less than twenty per cent shall either be held as cash on hand, which may include foreign money, the value of which shall be computed at the current rate of exchange, or shall be deposited in savings banks, trust companies or national banks. The remaining eighty per cent of the money so held for safe-keeping shall be invested only as follows: First. As required by section sixty-eight of chapter five hundred and ninety of the acts of the year nineteen hundred and eight and acts in amendment thereof and in addition thereto, relating to the investments of savings banks in this commonwealth so far as the same may be applicable and except in so far as may otherwise be provided herein. Second. In real estate; but the amount invested in any one property plus the total amount of the mortgages thereon shall not exceed the assessed valuation thereof, or a valuation made at the expense of the depositary by a board or committee of investment of a savings bank or of a trust company, or by the security committee of a co-operative bank, may be taken as the value of the property for the purposes of investment as set forth in this section. Third. In notes secured by mortgages of real estate; but the amount so invested in any one note shall not exceed eighty per cent of the valuation of the real estate described in the mortgage deed securing the note, such valuation to be determined in the manner prescribed in the second subdivision of this section, nor shall such investment be made if the total of any prior mortgage or mortgages on the real estate so described, plus the amount to be so invested, exceeds eighty per cent of the valuation, as aforesaid, of that real estate. Fourth. In notes which are the joint and several obligations of two or more responsible persons, provided that the total amount so invested shall not exceed twenty per cent of the total amount held for safe-keeping. Fifth. In notes of responsible borrowers with a pledge as collateral of (a) one or more chattel mortgages, (b) jewelry, (c) deposit books of depositors in savings banks or in the savings departments of trust companies or national banks, (d) accounts receivable against actual values properly secured. by mortgages on construction of buildings, Sixth. In notes secured by mortgages of real estate where In notes secured the amount named in the note is to be advanced in instalments for the construction of buildings; but the total etc. amount so invested on the security of any one note shall never exceed eighty per cent of the assessed valuation of the land plus the total amount of money actually paid out for materials furnished and for work performed in the construction of the building or buildings on said land: and the tax bill showing the last assessment, and proper evidence to the satisfaction of the bank commissioner that the money advanced is for actual work performed or materials supplied, shall be kept on file in the office of the depositary where they may be inspected at any time by the bank commissioner or his assistant. depositors. Seventh. In notes of persons who are depositors with In notes of the depositary; but the total amount so loaned to any one person shall never exceed twice the amount due from the depositary to the borrower. depositors Eighth. In notes which are the joint and several obliga- In notes of tions of two or more persons, each of whom is a depositor jointly. with the depositary; but the amount so loaned on any one note shall not exceed twice the amount of the total due by the depositary to the borrowers, and in computing this total there shall be deducted from it the balance of any outstanding financial obligation or obligations of such person or persons to the depositary. of foreign Ninth. In the bonds or other obligations of foreign In bonds governments; but such investments must first receive the governments. approval of the bank commissioner. not to be SECTION 2. The notes evidencing indebtedness to the Certain notes depositary, mortgage deeds given as security for the notes, pledged as and other collateral securing the same, shall not, except security, etc. with the approval of the bank commissioner, be pledged as security either for money borrowed by the depositary or for any other obligation incurred by him, and they shall be at all times accessible to the bank commissioner and his assistants. for transmission SECTION 3. All money received for transmission to a Time limit foreign country by any person, partnership, association or of money to corporation subject to the provisions of section one of this foreign act, shall be forwarded to the persons to whom the same countries. Form of receipt to be approved missioner. is directed to be transmitted within seven days after the receipt thereof. SECTION 4. The receipt given by any person, partnerby bank com- ship, association or corporation, subject to the provisions of section one, for deposits of money received for transmission to a foreign country shall be on a form or forms approved by the bank commissioner, and the use of any form for this purpose which has not so been approved shall be sufficient cause for revocation of the license granted under the provisions of chapter three hundred and fifty-eight of the acts of the year nineteen hundred and eleven, and the amendments thereof. Penalty. Time of taking effect. Chap.176 Tax commis sioner to furnish general court certain to revenue. SECTION 5. Any violation of this act shall be sufficient cause for the revocation of the license granted under the provisions of said chapter three hundred and fifty-eight, and shall be considered as a violation of the conditions of the bond required by section one of chapter three hundred and seventy-seven of the acts of the year nineteen hundred and seven. SECTION 6. Sections one and two of this act shall take effect on the first day of July, in the year nineteen hundred and seventeen, but the remaining provisions thereof shall take effect upon its passage. Approved May 3, 1916. AN ACT TO REQUIRE THE TAX COMMISSIONER TO FURNISH TO THE GENERAL COURT CERTAIN INFORMATION AS TO • REVENUE. Be it enacted, etc., as follows: In the year nineteen hundred and sixteen the tax commissioner shall ascertain the amount and kinds of personal information as property assessed in every city and town in the commonwealth under the description of "all other ratable" together with the amount of taxes assessed thereon, and shall include a statement thereof in his annual report upon "Polls, Property and Taxes." He shall also, on or before the first day of May in the year nineteen hundred and seventeen, and annually thereafter, inform the general court as to the amount of income assessed under any law for the taxation of income enacted in the year nineteen hundred and sixteen, and also an estimate of the probable amount of taxes that will be levied upon incomes under such act. The tax commissioner shall also, on or before said first day of May, |