Acts, 1931.
— Chap.
377
313.
twenty-three minutes forty-five seconds east, true bearing,
six thousand fifty feet to point F' in latitude fourteen thousand seven hundred ninety-five and two tenths feet south
and longitude eleven thousand three hundred sixteen and
forty-two hundredths feet east, thence south fifty-two
degrees, twenty-three minutes ten seconds west, true bearing, seven thousand three hundred ninety-two and three
tenths feet to point G' in latitude nineteen thousand three
hundred seven and two hundredths feet south and longitude
thousand four hundred sixty and sixty-four hundredths
east, thence north seventy-three degrees forty-five
minutes thirtj^ seconds west, true bearing, four hundred feet
to point I^, in latitude nineteen thousand one hundred
ninety-five and fourteen hundredths feet south and longitude
five thousand seventy-six and six tenths feet east, said
point I^ being the second point described in harbor line
established by chapter three hundred and fifty-one of the
acts of eighteen hundred and seventy-two.
Such portions of section four of chapter two hundred and
ninety-three of the acts of eighteen hundred and fifty-six
and chapter three hundred and fifty-one of the acts of
eighteen hundred and seventy-two as define the line from
point D to point I^ are hereby repealed.
Section 2. This act shall take effect upon its passage.
Approved May 13, 1931.
five
feet
9^^^^^R fggg
293, § 4. and'
JepLfed!
An Act
relative to the liability of officers and (JJkuj 35^3
directors of business corporations based on certain
false statements or reports filed w^th the commissioner of corporations and taxation, and to the
form of the annual report of condition of such
corporations.
Be
it
enacted,
Section
etc.,
1.
General Laws
as follows:
Chapter one hundred and fifty-six of the g. l.
hereby amended by striking out section ^™®°
is
—
ise, § 36.
®
'
thirty-six and inserting in place thereof the following
Section 36. The president, treasurer and directors of every Liability of
corporation shall be jointly and severally liable for all the directors" f
debts and contracts of the corporation contracted or entered pg^.^tfong^based
into while they are officers thereof if any stock is issued in on certain false
violation of section fifteen or sixteen, or if any statement or ?ep!frTs^fifcd°^
report required by this chapter is made by them which is g'-oner oTcor-'
:
false in
any material representation and which they know
to be false; but directors Avho vote against such issue, and
are recorded as so voting, shall not be so liable, and only the
officers signing such statement or report shall be so liable;
provided, that if a report of condition as a whole states the
condition of the corporation with substantial accuracy, in
accordance with usual methods of keeping accounts, it shall
not be deemed to be false; and provided, also, that the
officers or directors signing a false report of condition shall
porationsand
Provisoa.
Acts, 1931.
378
— Chap.
314.
be liable only for debts contracted and contracts entered
into before the filing of the next subsequent report of condition, and only to persons who shall have relied upon such
damage.
Section 2. Section forty-seven of said chapter one hundred and fifty-six is hereby amended by striking out the
paragraph numbered 6 and the schedule appended thereto
and inserting in place thereof the following
6. A statement of the assets and liabilities of the corporation as of the date of the end of its last fiscal year, to be
made in such form as the commissioner shall prescribe.
Approved May 13, 1931.
false report to their
G. L.
par.
156,
§
47,
6,
amended.
:
Form
of anniuil
report of
condition.
—
Chap. 314: An Act establishing a standard form of representative TOWN MEETING GOVERNMENT.
Be
c;.
L
new
chapter
«
it
enacted,
etc.,
as follows:
xhe General Laws are hereby amended by inserting after
chapter forty-three, under the title, "STANDARD FORINI
OF REPRESENTATIVE TOWN MEETING GOVERNMENT", the following new chapter: —
Chapter 43A.
STANDARD FORM OF REPRESENTATIVE TOWN
MEETING GOVERNMENT.
GENERAL PROVISIONS.
Adoption of
standard form
of representative town
meeting gov-
ernment by
certain towns.
Petition for
submission to
voters of matter of acceptance of standard form of
representative
town meeting
government.
Question, how
stated upon
ballot.
Section 1. Any town in which there has been constituted
and established a form of representative town meeting government under a special statute, enacted in conformity with
the provisions of the constitution of the commonwealth,
may in substitution therefor adopt the standard form of
representative town meeting government provided by sections three to twelve, inclusive.
Section 2.
Five per cent of the registered voters of any
such town may, not less than ninety days before its annual
town meeting, file with the selectmen a petition that there
be submitted to the voters of the town the matter of the
acceptance of such standard form of representative town
meeting government. The selectmen shall thereupon direct
the town clerk to cause to be printed on the official ballot
used for the election of town officers at such meeting substantially the following question: Shall the
YES.
town adopt the standard form of representative town meeting government provided by
chapter forty-three
of the General Laws? If a majority
of the votes cast thereon are in the affirmative such standard form shall thereupon become effective in such town, and
the acceptance by the town of the special statute under
which it was theretofore governed shall be deemed to be
revoked by such vote; provided, that the town meeting
I
Acceptance by
town
of special
statute to be
deemed
voked,
reif, etc.
Proviso.
A