Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1909-04-30

It may also print or use in its policy,
Rr,ate SUCH f6rm loss pr s6ai1 e f paxab fa case fo the be-
mortgage, as his, her its or their IN.
1oiloWing words, to-wit:
ana conditions contained in this policy
the loss. if any is payable to ............
m%44rtgagee, as his. her its or their inter-
1t may also print or use in its policy,
IN case the assured desires liability. to
attach to several buildings, divisions or
!ocatlons under one item, a printed form
in the following words, to-wit:
this policy shall attach in or on each
proportion as the value in or on such
building, division or location bears to the
aggregate value of the subject insured:
~ sec ie f =; THIS $ act shall AXE effect and
Approved April 81, 1909.
CHAPTER 9a2-s. F. No; "a.
AN ACT to amend chapter 1873 of the
a thst o IF c Minn ef sch foG ns districts a9v' may
designate repositories for schoo oil.
tr'ct moneys and requiring the deposit
OF school district moneys in such de-
trict t~reasurers from liability for such
deposits.
Be # enacted by the Legislature Of the
Laws of Minnesota for 1907 be and the
same is hereby amended so as to read as
Section 1. The officers of the several
common and Independent school districts
IN this state may in their discretion, Sc
lect and designate as a depository or de-
national or state bank, or banks, for a
period not exceeding three years on the
execution by such bank or banks Of a
double the sum deposited. except in
cases where the bon furnished is that
OF a surety company authorized, to do
in such cases the amount of bond shall
pc equal to the estimated sum to be
deposited, to be approved by the board
and filed in the office of the county au-
ditor Of the county wherein said school
district may be situated, and thereupon
may require the treasurer to deposit all
or any part of the school districts mon
nation shall be in writing and shall set
forth all the terms and Conditions upon
which the deposits are made. be signed
ard clerk as the case may be, and filed
with the clerk. That thereupon such
pank Or banks shall become a LEGAL de-
R posi- ryon or deposit9ries for SCHOOL dis
district treasurer shall deposit such
school district moneys therein as he shall
be required from time to time to deposit
by such school district officers.
and the %sureties on his bond shall 10 ex-
empt from liability, to the school district
such school district deposited in ans
such bank Or banks from the failure.
bankruptcy or other acts Of such bank
such + funds s. in ms such CHA Bank k"e or Af banks at at
the time Of such failure or bankruptcy.
Sec. j. All interest on moneys deposit
ed, as hereinbefore provided shall be
e come tie p So mfeRt ii ysa Rdilsahsoeooi d ana h.
Sec. 4. No additional compensation or
f distr;c shall III be paid pal any Of . the seh tSd
provisions Of this act.
consistent with this act are hereby re-
pealed.
Sec. 6. This act shall take effect n
Approved April 21, 1909.
CHAPTER s3s-s. F. NO. "a.
AN c to provide for the supervision
and control of investment COMPANIES
r. not now o+a under Ter sta statutory regulation;
o STATE a en Of Minn py dae LEGISLATURE OF the
nership, association or corporation.
whether local or foreign: heretofore or
ganized, doing business as a. so-cailed
investment, loan, benefit. cooperative.
home. securities. trust or guarantee COM
spany for the licensing, control n man
age1nent Of which there is no law now in
force in this state, and which such per-
son, co~-partn9rship association or cor
made to himself or itself either in a
lump sum, or periodically, or On the in
stallment plan, issuing therefor so-called
membership or other evidences Of obliga-
ton or agreement or pretended agree
ment to return to the holders or owners
s son5e0 fut mGee 2at or shs1l soiic IT or Hai@ tran at
act any business In this state. unless
such person, co,partnership. association
or corporation shall have first complied
chapter SO of the Revised Laws of Min
nesota, 1905. required of general build
ing and loan associations doing bust
Sec. 2. All provisions of said chapter
SO of Revised Laws Of Minnesota. 1906:
with respect to the supervision: control
loan associations are permitted to do
business in this state are hereby made
applicable to and imposed upon persons.
lions described in the first section Of this
act, the same as though they were build
ing and loan associations under said act:
so far as such supervision; control and
particular business done by such person,
co-partnerships. associations or corpora
tons. Provided: however, that the an
tions under this act shall be the same
loan associations doing business in this
involved in transactions in this state.
Sec. 8. Any person. co~-partnership. as
ISOLATION or corporation who or which
shall act as principal or agent In doing
such business, or in soliciting such bust
ness for, or membership or participation
in anv such co-partnership ASSOCIATION
or corporation. or solicit business. for
such person Or persons doing: business
such companies, not authorized to do
business in this state shall be deemed
guilty of a misdemeanor and. upon con-
viction thereof shall be punished by a
fine of not less than one hundred dollars
prisonment In the county Jail Of not less
than three months nor more than one
year or by both such fine and imprison-
inent. provided. however; that nothing
Sec. 4. This law shall take effect and
be in force from and after its passage.
Approved April 81. 1909.
CHAPTER s3Es, F. NO: 239:
1923 Of the Revised Laws of 1905. relat-
Ing to state aid Of public schools.
Be it enacted by the Legislature of the
State Of Minnesota: ,,,- 40, ana
1923 of the Revised Laws Of 1909: relat-
ing to state aid to public schools be and
the same is hereby amended so as to
Section Is 1ol'G III. Apportionment = The
priated for such schools equally among
the high schools. and the graded schools
entitled t here th nu1 ne e1fe ncnG hun shati
and fifty dollars per year, nor any graded
more than six hundred dollars per
nor shall the amount so paid any
ture for such work. exclusive of build
and repairs, nor shall any graded