Chap. 0116  An Act further regulating assessments to be made by the co-operative central bank on member banks.

Be it enacted, etc., as follows:

Section one of chapter seventy-three of the acts of nineteen hundred and thirty-four, as most recently amended by section two of chapter two hundred and twenty-seven of the acts of nineteen hundred and thirty-nine, is hereby further amended by striking out the fifth sentence, as appearing in section two of chapter two hundred and forty-four of the acts of nineteen hundred and thirty-eight, and inserting in place thereof the following sentence: - On July first, nineteen hundred and forty-five, and on July first of each year thereafter while a member bank, such bank shall pay to the corporation an annual assessment, equal to one twelfth of one per cent of its share liabilities and notes payable as shown by its last preceding annual report to the commissioner.      Approved March 14, 1945.