The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1907-11-15
Boards Of Finance.

-hANSA viz Ia % dds VI DCNtl
Der. 1907, the county commi
sioners, school trustees and 9th,
organizations like the count
council will have to hold NEE
ings and constitute themselve
into boards of fin nee The pub
lie repositories law, passed at tn
last session of legislature. prc
vides for the meetings and stste
that the law shall become effect
i've the first day of the cominj
December.
The law provides that tn,
county commissioners in eacl
county in the state shall consti
tute a county board of finance
The members of the county
board Of finance shall immediate,
ly after the taking effect of tbs
act, which is December LIST. meet
in the commissioners room and
organize The county auditor is
constituted secretary of the
board and for such works he will
be called on to perform will re-
ceive a wage of $50 in addition
to his regular compensation. The
other members of the board
serve without additional salary.
A record of the proceedings of
the beard shall be kept and all
minutes shall be open to public
inspection. The meetings are
also open. Such boards may be
sued or sue under the name of
the county board of france.
The county board of finance
will have the advisory supervi-
sion of the deposit of public
funds of the county treasuser, as
provided for in the repositories
act. The county auditor has
power to call the board together.
In addition to the county board
of finance the boards of trustees
of the towns of Jasper, Ferdi-
nand and Birdseye shall be con-
stituted boards of finance. The
town clerks in the towns of the
county will act as secretary of
the boards.
The town boards shall meet
after the first of December and
elect a president.
A record shall be kept of the
business transacted and the
meetings shall be open to the
public. The boards shall meet
whenever it is necessary and the
secretary may call a meeting
when any member of the board
asks him to do so. Such boards
shall advisory supervision on the
safe keeping and deposit of the
public funds of their respective
cities and towns.
The school boards in the var
ious towns Of the county and the
township advisory boards in the
various townships of the county
are constituted boards Of finance
for their respective corporations.
These boards are also directed to
meet, Immediately after the TAX
ing effect of the act, at their
regular place of meeting in their
respective towns and townships.
The meetings shall be open and
the records made subject to pub
lie inspection at any time. The
boards will organize by electing
a president and secretary from
their membership.
Immediately after the organi- ;
cation of the various boards of
finance mentioned above and af-
ter they have designated public +,
repositories, rs are provided for
by the law of that name, the 4
treasurer of state, the several {
county treasurers, treasurers of ]
the school boards and the town.
ship trustees, shall deposit the !,
public funds held by them in the I
repositories selected by the c
boards of finance and file with r
the secretary of their respective !;
boards a verified statement of =
the funds deposited. I
The method of selecting the {
public repositories is by no means Fl
The secretaries of the n
various boards Of finance must !,
advertise and set a date when Z
shall be received from II
he banks and trust companies, Il
which care to act as public de- tt
The rates Of interest h,
which the repositories must offer h,
uns from two to three per cent. ~
IN the date set for receiving -
proposals. the boards shall meet