The Washburn leader., 1913-03-14
r,ea i are also provided for.

q
AS affecting the educators Of the
state, the teachers pension fund is
| the most important creature OF the the
assembly. This fund is created as 9 ],
result OF the efforts of the North sDa'
kota Educational association. Provi',3 ~
sion for the creation Of the fund =
made BY the retentioa Of 1 per cent
| Of the salaries of teachers for the nrst
|. ten years and 2 per cent after ths
tenth yehr up to the twenty-fifth year
Of service. From the county tuition
fund the payment Of 10 cents for each
school child is provided. The annuity
to teachers Is fixed at one-hftieth OF
the earnings for the last five years OF
service, multiplied by the whole mum
Der Of years engaged in service. The
annuity cannot exceed $3.50, OF pc less
than $3.50 per annum.
Several important pieces OF, banking
legislation also were enacted. These
include provision for the increase OF
the percentage of capital stock that
can be invested in furnishings and TX
lures. On banks of $4,000 capitaliza-
(
tion, 80 per cent may be invested, on
banks Of $4,000 capitalization 20 per
cent may be used, and on banks OF
$4,000 capitalization 10 per cent may
! be used
Another new law gives, banks au-
thority to invest in real estate mort
cages up to so per cent of their total
deposits and surplus
The initiative and referendum for
cities also was provided. The recall
as affecting city officials is another
new institution. The machinery for
these is provided in a bill introduced
by Representative Twitchell.
Power to the governor of removing
county, city, township and village ON
cials for failure to do their duty was
provided after fight that has extend
ed over many years. 1t Is provided
that the governor shall, on the filing
Of complaint against an official, ap-
point q referee who will make the ex-
animation Of witnesses and report the
same to the governor. Dissatisfaction
with the removal proceedings gives
the aggrieved person the power to ap-
peal to the district court.
Revision Of the code is another i'm
portant result Of the assembly. The
| new code will be, completed in about
a year, being the first since 1905. The
secretary of state is authorized, under
the bill passed, to make contract for
the revision with an Eastern publish
ing house.
In the Porterfeld bill provision is
made for admission of cheaper grades
OF gasoline than have been formerly
admitted, such lower grades being
used particularly in gas tractors, etc.
An information bureau will be estab-
lished in Christiania, Norway, during
the centennial exposition there in
1914. An appropriation of $4,000 for
that purpose was provided. Also
there will be an exhibit at the Pana-
ma-Pacilic exposition in San Francis
co. an appropriation Of $4,000 being
granted. The proposal to establish
an exhibit at San Diego was turned
down.
The use Of penitentiary inmates in
state work for other institutions out
side Of the penal institution 10 pro
vided for In the Cashel bill. The war
den may use the convicts In industrial
trades about Bismarck, covering the
proceeds Of such work into the state
treasury.
Under q reapportionment Of the tax
for educational purposes that tax II
raised to LIZ per cent. this step being
taken to provide funds for the Minot
normal school.
Farm names. under the Duncan bill.
hereafter may be registered with coun-
ty registers OF deeds as method Of
doing away with the double use of the
same name.
Citizens Of Mandan will be reim-
bursed f6r- funds expended IN the pur-
llsS;li1se ssite The fsderal sex
+ fp4l nsatal station recsshtly located
there. e
The eomnissio Of agriculture and
labor Il displaced as member Of the
hoard Of equalization. the chairman Of
tho tax commission being placed there
instead.
Liquor win not be permitted to be
introduced upon the premises Of any
institution. even including the state
capitol. ss Us. II, y
81 u state. hoard q education, taking
lover ths duties of several boards now,
l Ismainta& ~ Waa CraAtnd. g$l 5Ss giis ~. s