The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-03-11


by this Act to be deposited with the
state Treasurer shall be registered bonds
and in the name of the bank or trust
company so depositing the same, and any
sale of said bonds or part thereof author
lied by this act to be made by the State
Treasurer shall, when the sale is made
and the purchase price paid, have the
effect of transferring to and vesting in
the purchaser at such sale, title to the
said bonds so purchased, and the pur-
chaser shall thereby be authorized to
have the bends so purchased by him
registered in his own name.
See. 10. That when any bank or trust
cmopany, acting as a State depository,
ceases, or desires to cease, acting as
such, it shall, after making a full ac-
count of its transactions las State depos-
itary and discharglng all the obligations
and liabilities imposed by the Act, and
paying into the State Treasury any and
all sums 1t may be liable for to the
State Treasurer or to tho State, be en-
titled to withdraw the securities depos-
tied by it, and thereupon its right to act
as a State depository shall cease and
determine. But before any voluntary
surrender of It's designation such bank
|, or trust company shall give at least
thirty days notice to the Governor, State
Auditor and State Treasurer of its pur-
pose to cease acting as a State deposit
tary.
Sec. II. That any cost attending the
designation of State depositares and the
"a DSfa of 20
any State depositary shall be at par
and without any expense to the State
And when any funds or moneys are
transmitted or transferred by any State
depositary upon the order of the State
Treasurer, the same shall be, and con-
tinue at the risk of such depostary un-
til 1t shall have reached the destination
contemplated by the order
Sec. u. That the Governor, State Au-
ditor and State Treasurer are authorized
to establish such regulations and COL
lection method not inconsistent with the
provisions of this act as they may deem
necessary for the convenient transaction
of business with State depositaries.
Sec. 10. That nothing in this Act shall
be construed as requiring county or State
officers to place State funds in State
depostaries, and they may pay such
funds into the State Treasury as now
provided by law. And the State Treas
urer. by and with the approval of tho
Governor. may place all such funds or
any part thereof, 80 paid to MIN, or
any other funds that he may have at
any time on hand, in any one or more
of the State depositaries under the same
rules and regulations governing other
deposits made under this Act.
Sec. IA. That any State or county officer
or State depositary who shall violate
any of the provisions of this Act other
than Section thereof, shall be guilty
of misdemeanor and may on con-
viction, be fined not more than $500 and
in addition to tho fine, such State or
county officer may be removed from
office. 81
Seo Is. That this Act shall go into
effect Immediately upon its passage and
approval.
Approved March 4, 1907.
Official:
Frank N. Julian,
Secretary of State.
No. 314 AN ACT Is, 21s
To provide for the revocation of the
license or right to engage In or carry
on the business of the transportation,
originating and terminating in this
State, of freight or passengers, of any
foreign corporation which is now en-
gagged which may hereafter engage
in such business or the business of
common carrier in this State in the
event such corporation shall, for any
of the purposes specified in this act,
institute in any Federal court any suit
or proceeding, or shall remove or cause
to be removed to any Federal court any
suit or proceeding instituted in any
State court for any of the purposes
specified in this act.
Section 1. Be 1t enacted by the Legis-
lature of Alabama, That if any foreign
corporation, or corporation organized I'M
der and deriving its existence from the
laws of another State, government or
country, owning, operating, managing or
controlling as a common carrier any rail-
road in whole or in part in this State,
manage or control such railroad or any
such foreign corporation, which is now,
or which may hereafter be engaged in
or carry on as common carrier in this
State the business of or relating to the
transportation of freight or passengers,
over which business or corporation the
Railroad Commission of Alabama has un-
der the laws of this State, any super
vision or control shall institute or COM
| mence in any Federal court any suit.
! action or preceding of any kind or hav-
ing instituted said suit or proceeding
| in a State court, shall remove or cause
the same to be removed to a Federal
or suspended, or enjoined, or restrained,
or in any way affected or interfered with,
any rate or charge, or any order estab-
| fishing or prescribing any rate or charge,
for the transportation by any common
carrier of freight or passengers or any
| classification of articles of freight made
by the Railroad Commission of Alabama,
or any such rate or charge or classical
tion establishes or prescribed by statute
| or any rate or charge which has been
made a maximum rate or charge by
statute or any order of said Railroad
Commission or provision of any law or
statute Of this State establishing or pre-
scrihiny apy ruIes ree,iIafions nra etic q