Bisbee daily review., 1910-05-27
OLD CITY COUNCIL Of DOUGLAS
 HOLDS IFS LAST MEETING

DOUGLAS, May 26.-(SpeciaL)- The city council last night can yassed the vote of Mondays election and cleared the decks for the incom- ing administration. It was the last meeting of the council of the Greene administration and at this meeting there was erected still another mile stone in the path of progress in Douglas to serve as a monument to the administration which is just end ing. This was the decision to accept the offer of the Gamewell fire alarm system and to install under lease an automatic box system. This is some thing that has been needed and which will tend to greatly enhance the efficiency of the department. In addition to this the council decided on the disposition of the water works fund, pending its use for enlarge ments and improvement Of the sys- tenn as it was taken over.
 Banks Seek Deposits.
 It took but a short time to canvas the vote last evening and it was found to be az reported by the city clerk and as published in the papers. This ended. the question Of dispo- sition Of the water fund came up- At the last meeting this was referred 10 the finance committee. since there are representatives of both banks On the water commission. The commit tee reported that both the hank of Douglas and the First National bank had made offers to become the de positaries of the fund. The Bank of Douglas offered three per cent on not less than sixty per cent. of the fund and the First National offered the same rate on not less than fifty per cent. The idea of the Bank of Douglas was that the council should authorize the disposition of the fund between the two banks in proportion 10 their regular deposits. The First National asked an equal division.
 In considering this proposition the question of responsibility Of the city clerk and treasurer came up. 1T the council directed the clerk to depos in certain banks the responsibility o the clerk for the solvency of suoi banks would end. but that his re sponsibility for his own honestl would remain. It also appeared bet ter to have the banks. or rather thu directors, give a bond for the saf' custody and return of the fund.
 Bonds Required
 It was finally decided that tn city clerk be required to furnish bond in sIO0.OO0 for his honesty This is more than sufficient to cove the water fund but at times he ma, have in his control. should no e1 penditure of the fund be immediatel, made. as much as S140000. It wa also decided that the resident di rectors of the two banks should giv' a bond in the amount of the sum de posited and kept on deposit in eacl for the return of said deposits. Thei the question of amount of deposits il the two banks came up. The rate O interest offered by both was quit satisfactory and is higher than tha paid by banking institutions for th Cochise county funds. The conceT sus of opinion of the council wa that the two banks should be treate exactly alike and a resolution passe that half be deposited in the Bank O Douglas and half in the First Na tional bank. provided the Bank O Douglas would pay the three pc cent. as offered for sixty per cent. c the fuad by it and as offered by th First National for any part equailin one half or more and that if th Bank of Douglas did not care to d cept this offer to deposit the whol fund with the First National All b' lieved this would be satisfactory ( the Bank Of Douglas.
 Fire System Adopted
 This matter disposed of the ma ter of installing box automatic fir