Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1901-04-19


said chairman at convenient times, and
designate such banks within this state
Cubic moneys of this state may be de-
posited, as in this act provided.
Sec 2 Every such state dep0slto on,,
before it shall y ILL., be +e en thts a+s 70 receive &c deno any
shall present to said board of deposit a
good and sufficient personal or corporate
surety bond. to be approved by t a1a
payment upon demand to the treasurer
Of this state, or to hds order free Of ex-
change at n place in this state desag.
mated by him, Of all 1noneys belorgang
while said bond shall be i'm force, with
interest thereon as fixed by law; and II
such bond be a personal me there slaaa
Residents and f~reeholders of the State
of Minnesota. each OF whom h pc
worth, above his debts and liabilities, IN
unincunlbered property situated Within
ton, not less than five Thousand dollars
($5,OOO). and said s~ureties shall together
be worth III such unincumbsred d IN
exempt property at least double 81 ~ e ne
UGH surety shall by Affidavit endorsed
upon said bond show himself to be a
fed as q surety herein provided. Sa19
bond when SO approved shall be deposited
"AeAA o1AN ~ ASPe ~
urer.
Sec. 8. The state treasurer may In his
official name place with any deposlooIy
ali the requirements OF this act, any pub
lie moneys In ms hands or under his OF.
fetal control. not exceeding the lnn1nl
hereinafter provided, n any d nno.ssy h Sv
the State of Minnesota, and for the COL
lection thereof the state shall at all times
be a preferred creditor both as 10 saad
- LA- ~,,yof{Ak on6 fHR "a III
state treasurer shall not be further liable
for the safe keeping Of any such money
while so in said depository, nor until ne
same is restored into his CUSTODY In 1ne
Sec. 4. The amount ON deposit, at amy
time with any state depository shall not
exceed the amount designated by SAID
board ard for one! 5uGf t qep9 nsntalyy n of the s1'A BOND d
filed in accordance with this act; unless
the amount that may be deposited Is
designated by said board, no deposit shall
Sec. s. Said board Of deposit shall
not approve the bond OF any such pallia
unttl it shall be fully satisfied that said
bank is prosperous and financially SOUND,
and that the capital stock clalnled by n
is fully paid up and not impa MED req, t Aa1a
REQUIRE any state depository to furnish
a new or addaMonMal bond, and may at
any time revoke their designation and
approval OF n state depository; . amhd
depository shall cease to be a depository,
and the treasurer shall immediately with
draw all public moneys therefrom.
Sec: 6: Any n p person w wno o,s alla1 na gav re- Pay Pay
der to the state treasurer or any other
person having the custody or control OF
any Of the public moneys Of this state.
any credit, service or benefit whatsoever,
ovoarSt as nynrpSSlV authorized DV law,
for h purpose of inducing or in con-
sideration Of the deposit, loan or for
bearance of any of the public moneys on
bribery, or an attempt. to couanit, the
crime of bribery, and shall be punished
therefor as provided by laW. And IN
any prosecution under this section no
any question on the ground that his am
swer may tend to crinadnate himself or
expose him to prosecution for crime.
but no testimony So given H., sha alar N amy ~
testifying In any other criminal prose
cution, except the prosecution for per-
jury conmitted In giving such testimony.
authorized, when by 1t deemed neces-
sary, to require amy state depository hav-
ing any state money ON deposit, or amy
surety ON a bond of such state dseposat-
or his financial condition., and amy neg
lect ON the part OF such depository or
surety to furnish such verified statement
within a. reasonable time shall consst1-
tute a ground for the revocation OF the
designation Liz approval of such depoS-
itory, and If any such depository make
any false statement of its financial con-
dition to said board OF deposit In re-
Spouse to any such inquiry, Or II any
surety on the bond of any depository,
either in his aff1dav1t or justification ON
said bond, or In response to n such In
quiry by said board, or otherwise, mis-
represents or makes amy false statement
as to his true financial condition n
ability, the officers or members OF g1lI1
depository making such false financial
statement, or any suck surety making
such Misrepresentation or false state
ment as to his financial condition, shall
each be deemed guilty of the crime Of
fraud In handling the public moneys OF
this state, and upon convection Thereon
each be punished by imprisonment
in the county Jail OF tho county where
such false statement La made for a
period not exceeding ONE year.
Sec. s. ALI acts or parts of acts trcon-
sdsterlt with this act are hereby repealed.
Sec. 8. This act shall take effect and
be in force from and after dts passage
Approved April 4, 1901
CHAPTER 141-H. +. NO. GA.
AN ACT to authorize the settlement and
discharge of special assessments for
benefits in certain cases, IN cities OF
over fifty thousand Inhabitants.
Be it enacted by the Legislature Of the
Static of Minnesota: