The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1891-01-28
Afternoon Session.

On reassembling, Mr.. Heacock offered
resolution authorizing the Sergeant-at-
Arms to pay certain demands for supplies
for the use of the Senate. Referred.
Mr.. Goucher offered resolution appro-
priating SIS to pay the balance due for ex-
penses of the inaugural ball. Adopted.
FIRST READING OF BILLS.
The following bills were read the first
S. B. 12S, providing for the levy and col
lection of taxes by municipal corpora
tons other than those of the first, second,
third and fourth classes.
S. B. 2l5, authorizing the purchase of
he land on which the Sisson and Lake
ahoe Fish Hatcheries are located.
S. B. 6, relating to the reassessment of
property and equalization of the same,
where former assessment is invalid.
ONE HUNDRED DAYS SESSION.
The Senate took up and passed Senate
Constitutional Amendment No. 10, pro-
viding that the legislative session shall
last for one hundred days. 1t was passed
by vote of 30 ayes to l no. The only
Senator voting in the negative was Mr..
Heacock.
DEPOSITS OF PUBLIC FUNDS.
S. B. Il, relating to the deposit of pub
lie funds.
Mr.. belong, the author of the bill, ex-
planned its provisions. He said that in
December of each year large sum of
money was withdrawn from circulation
for the payment of taxes, creating a great
strlngency IN the money market. The
bill provides for the deposit of State and
county taxes in responsible banks, so that
1t may be lent back to the people and put
into circulation. In San Francisco alone
there is now locked up and kept from cir
culation some S4,000,000. That which is
sound business policy for individuals, he
49,. Il L. H. I q
communities
IN -, Iii - :,
60 u t'S pns ~, a We "a ~ es
10 noes, III readS as Io!!oWs:
An ACT 10 amend section 4161 OF an Act en-
ttleu An ACT 10 estaollsh a POLITICAL Code"
approved March 12, 1872, relating to the
deposit OF pubic 1unds.
The People of the State of California, repre-
sented in Senate and ASsembly do enact as
Jolloics:
SECTION 1. Section four thousand one hmm.
dred and sixty-one of the Poiitical Code il
hereby amended so as to read as follows. SEQ
tion 1I6l. The state Treasurer and each
Gomnt Trea s,,rer oSt oa,s M anu ea ,s
ionging to this State or tn apv conntv ~ this
Stale in his own possession until disbursed
banks, and all banks Incorporated under the
laws OF this state whose renorts have heen
filed with and whose standino have been an
proved by the Bank commissioners of this
State, in tbe manner provided bV law are
hereby declared To he LEGAL den0S;tar;ess Of
public funds: but no such bank shall be en-
dpnOSitS N n
amount exceedina 50 ner cent Of its actna ,
paid up capital. 1t shall be the duty of said
State treasurer to Keen on denosif to the
cradi, of the Sto+e With srch 1agaJ Saoos; S
ries within the STATE and Of Zach If snid
Comfy Treasure 70 keen on denosit To fhe
credit of his county with snch LEGAL dennsi
fairies within his county not less than * nor
cent. of the public funds coming into his nos
session and where there ore two or ,,ora st,ob
ie9ai dennsitaries within any conntw - sham
he the duty of snch Treasurer To denusit s,ch
deposits. as near as NAV he eonaIIv amnno
such depositaries. hut in no case Shall eithar
said State or Comfy Treasurer denosit with
any one of said depositaries an amonnt ey.
ceeding so per cent of the aetnai maid mn 90 a
ital of said depositary. The money So de-
posted shall be withdrawn only nnon the
check of the Treasurer authorized to tisburse
the same and in nayment of warrants dniv
issued by nroper authority. and na vable hy
said Treasurer. and such check Shall desiS-
nate by number the warrant in pavment of
which II is drawn the fund ON which said
warrant is drawn. and shall be PAYABLE to the