Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-03-06

urer, and for all such deposits he shall
take a receipt In duplicate. one to be re-
taincd I'm his office aHd the other filed
forthwith with the county auditor, who
shall enter the amount In d book kept
Tor thai purpose. and all checks drawn
against such deposits shall be credited
On the same book by the auditor, before
delivery TO the treasurer, which book
shall be kept in such a manne as to
shOw at all times the mount OF money
on deposit with said bank or bankers. |
All such deposits shall be subject TO
payment when demanded by The county
treasurer on his check, counterslgned
by the county auditor. and all banks re-
ceiving and holding such deposits az
Aforesaid hall be required 10 pay TO the
for the privilege OF keeping such
deposits, interest amounting 10 nos less
than 2 per Cent and not more h 4 per
cent per annum upon the amount 80 de-
posted as hereinafter provided, n
subject always 10 such regulations az
may be adopted by the board OF county
commissioner for holding ana receiv-
ing such deposits; and he board OF
county commissioners shall hold the
right to reject any and all applications,
provided that II the board of county
commissioner at any time after having
made such designation, for good and
sufficient cause, deem the security given
insufficient, they may require a new
bond; and If In their opinion he public
interest require they may vacatc, re-
woke or modify their designation of "A
depository In any way; and may again
designate "A depository or repositories
provided.
2. Tha amount TO be paid by any and
all banks under the provisions OF this
act for the privilege Of keeping public
funds on deposit shall be computed on
the daily balance Of the public moneys
kept on deposit therein, and shall be
paid TO the county on the first day Of
each month for the preceding month,
and the amounts and sums paid 10 IN"
county for the privilege Of keeping the
same on deposit az aforesaid, shall be
credited by the auditor and treasurer to
the accoun Of the county general fund.
For the security Of the fund 80 depos-
ted under the provisions OF this act the
board Of county commissioners shall re-
lulre all such repositories To give bonds
with five or more freeholders Of the state
as sureties, such sureties not to be sock
holders OF or owners of such deposito-
Res, unless th4y are satisfied upon full
Investigation that their responsibility
would In no wise be affected by the fail-
ure Of the bank or banker In behalf Oi
which said stakeholder or owners sign
as sureties. Such bond shall be giVen
for the safe keeping and payment OF
such deposits and the accretions thereon,
and shall run to the county to be APP
proved by the board Of county commits
sloners, and conditioned that such de-
p~osltory viii at the end OF each and eV-
FRY month render to the county auditor
a statement showing the several daily
balances OF the county held by 1t during
the month, and viii, on the first day OF
Zach month, report to the auditor the
amount OF the accrued interest credited
to the county, and that the said funds,
together with the accrued interest, Will
be paid upon the check OF the county
treasurer, Countcrsigned by the county
auditor. upon presentation, which bond
shall be fled in the office Of the county
auditor.
TIL county treasurer shall not have
on deposit at any bank at any one time
more than one-half OF the bond as here
In provided, and shall keep the amounts
in the several repositories as nearly
equal as possible, taking i'm considera-
ton the maximum amount Ia be fixed
upon by the board Of county commits
sioners. which he may keep in each
Any bank nay make application
Tor such part OF the public funds as 1t
nay desire, but The board Of county
commissioners shall determine the
AMOUNT IL shall receive. which shall not
% greater than the amount applied for
lor more than one-half OF its capital
took.
The making Of profit directly or lndi-
ectly by the county treasurer out Of any
honey in the county treasury. the Gus
Ddy of which the treasurer is charged
18th. by loaning or depositing or other
Use using or depositing the same in
ny manner or the removal OF the u b,
treasurer, or by his consent, of such ,
honey or a part thereof out Of the vault :
Z the treasurer's department, or in the ,
gal depository Of the same, except for .
1e payment of warrants legally drawn :
r for the purpose Of depositing the same y,
I banks selected as repositories under
he provision OF this act, shall he deemed
utility OF felony, and upon conviction
Sldll ne SuDJtNb W liIiSlill'Ib
A. the state penitentiary for n term OF
more thar two years or n fine of not
xceeding $4,000. and shall also be liable
Inder and upon his official % for the
,rofits realized by such unlawful using
4 such funds.
If the county treasurer shall will
'ully fail or refuse al n time to keep
he public funds In the repositories as
herein provided. or shall fail To do or
perform any act required of him by his
lct. he shall he guilty of a misdemeanor
md subject to indictment therefor. and
upon conviction thereof he shall be SEN
fenced to pay a fine of not exceeding
81, 600. II shall be the duty of the states
attorney 10 enter and prosecute to final
determination of all suits for the recov-
cry Of any penalty arising under the
of any bond required 10 be
by this act.
The bono of the county treasurer
shall be in such sum as may be fixed
by the board of county commissioners
md the county treasurer shall not V
money in his office at any one
lime than one-half OF the amount OF his
bond and It shall be the duty of the
county auditor from time to tim to ex-
anime the daily balance book OF the
treasurer for the purpose OF as
,ertaining the amount kept on hand.
For the matter Of convenience in tran
business 1t shall be lawful for
he county treasurer, when in need OF
'unds for the purpose OF paying small
without issuing checks. to
make n requisition on the county audi
.or for funds for such purpose for an
not 10 exceed $500, which shall
be drawn on the check of the county
treasurer payable TO himself. and
erslgned by the county auditor, but
10 check shall be so countersigned IL
he auditor has reason to believe that
he money Is wanted for purposes other
han herein provided.
No treasurer shall be liable on his
,ond for money or deposit in any bank
3 herein provided, IL said bank has
lven bonds and has been approved by
he board OF county commissioner and J