The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1905-03-01
THE COUNTY TREASURER s1Arr
DESIGNATE ONE OR MORE
BANKS AS DEPosIToRs-
Such Institutions Will Have En- E,
File Surety Bond With County,
Commissioners

Inc following is the provisions OF tlr,>
Dill introduced in the state senate mr.
Senator Clapp regulating the kap,,,.u,.-
and deposit of public funds in BANKS ssx
the several county treasurers of sf,sv
state:
Section 1. Each county treasurer m
this state may on the first Monday IN.
April 1905, and annually on the fSrss
Monday in February, thereafter. aes-
gnate one or more banks in his eo,ssx-
as depository or repositories &C azS5
public funds held and required to Re-.
kept by him as such treasurer, anx,
such designation or designations shnNs
be subject to the approval of the hoar,E
ty, and such designation or desisna-
lions shall be in writing, and SUCH ap--
prevail thereof shall also be in ysrxrrss.
endorsed upon such designations arzT
the same when so approved shall sse-
filed with the county auditor OF hrs
county, and no county treasurer sasEE
deposit any public money in banks ex-
cept as herein provided.
Sec. 2. Before any such desIgrsaa---
ton or designations shall become ef-~
fectual and entitie the said treasurer
to make deposits in such bank go-
nj han hon
shall within ten days after such dezig--
nation or designations have been 50
approved and filed, file with the eousa-
ty auditor of such county q stHefsr
bond to such county properly exestEa-h
by some reliable surety cOmpAnH~
qualified under the laws of this Snatf>
to do business therein, in the nrzsxs-
mum amount of deposits designated fsy~
said treasurer to be carried i'm sslFih
bank or banks conditioned for t7tH
prompt and faithful payment theres1
on checks duly drawn by such trr-as-
urer, which bond must be approved
by the board of county commissioners
of such county before being filed wiEfa
the county auditor, and unless se ar,
proved the same shall not be received
or filed by the county auditor.
Sec. g. Before any such designataoz1
or designations shall become effeefuas
posts as hereinabOve provided the.
bank or banks so designated shall aEsgS
enter into a written contract With Sfre-
county whose treasurer is to- nxzEkx@
such deposits to pay to said county, sEs'
be credited to the county expense furs6
thereof, not less than one and ossee-
half per centum on the cash daily tsA-
ances of all moneys so deposited by
such county treasurer in said hank
while acting as such depository ssacfa
payments to be made monthly to- sANE
county while said deposits continue sEs
said depository; said contract SHAH BE-
in such form as shall be approved by
the board of county commissioners azzd
prosecuting attorney of said county
Sec. 4. The provisions of this acE
shall in no way relieve or release tsas
county treasurer from any liability
upon his official bond as sucn treas
urer or any surety upon such c0sfa-
and shall in no way affect the duty OK
the several county treasurers of this
state to give the bond as such treas
urer now required by law.
Sec s. An emergency is hereby de-
c1ared TO exist sand this act shall take
effect Immediately after its passage
and approval by the governor.