The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-03-13
Governor Sends Public Monies
Bill to Secretary of State,
With Memorandum of His
Disapproval.
IN HIS OFFICIAL VIEW
SESSION ENDED FRIDAY
Regarded as Certain That
Counts Will Be Asked to Pass
Upon Validity of Laws Passed
After Noon Yesterday.
Estate capital Bnrcan
(of Evening Herald.
(5f De Nnrgas IiOtcL

Santa re. y. NJ, March 13.--That
litigation OF an important character
may be Instituted In the immediate
future with regard 20 legislation en-
acted by the Legislature after the. hour
Of noon OK Friday, March l2 with a
view TO testing the validity of the
same is now regarded as almost cer-
tain by those acquainted with the
course which Governor Mcdonald has
followed In the treatment Of DiliH
which reached his office following the
noon hour on FRIDAY and also with
regard To measures which reached
him within three days OF the hoGr OF
noon on March ~.
In this connection the action OF the
governor yesterday afternoon In fhng
IN the office uf the secretary oil state
without his approval and with a
memorandum attached To Amended
senate 1918 No. .. the clark public
depoaitorles bill, ia regarded ns es-
peclaliy Significant.
The governor hled this bill in the
secrctary's Office without any other
stDtament concerning Il, merely stat
ing that he had done so when asked
by the reporters, who. he said, we're
welcome to the records of the secre-
tary's Office. The memorandum duly
signed by the governor ana attached
to this bill il az follows;
Executive Once. Santa Fc, y. NJ.
Go date.)
"Having under consideration
Amended senate Bin No. ., entitled
An act In relation To public monies,
providing for the deposit ana safe
keeping thereof Ia authorized depos-
tories; creating boards of finance aud
prescribing their duties. providing
Tor the giving OF security by all de.
posituries of public mvnies and hNing
tho amount thereof. fWing the
amount OF bond to be givel 5y the
state. county aud municipal treasur-
ers. providing for the payment by the
state. county, municipality ana other
governing bodies OF the premiums on
the official bonds thereof: when such
bonds are furnished by surety com
panles and repeating certain specified
sections OF existing law.
'Inasnuch az the legislative session
of the second state legislature expired
az ~ O'Clock. noon, today aud II is
now after o'clock y. m, ] am un-
able To return this bill 90 the state
senate, being the house In which II
originated for the reason of such ad-
iournment ana believing that this is
, not proper ana desirable bill To he
enacted into Jaw for the state of New
Mexico. now declare my disapprovnl
uf this bin for the purpose Of hlins
Il with the secretary of state where u
may be held FOR the purpose Of show
ing such disapprpNal within the time
prescribed by the state constitution.
MY objections To this bill are that
IL Il IL "A proper and Just bin for the
state IL should have gone into effect
Immediately or within the time pre-
scribed bv the constitution and Ia OPP
cration not postponed for a'period of
nearly two years. tNote: The post
poneuIent OF the time OF effect OF
the bill 20 1917 was made by amend
ment in the house)
"In SECTION n OF this bin it ~
provided thnt any bank desiring To
become a depository OF pablo FUNDS
shall nic with the proper board oi
finance a proposal 10 receive such
moneys on deposit when the board 81
finance shall notify such bank thh'
upon It's furnishing a bond or bonds
or other security as provided IN tnls
act. Il shall be designated as denos-
torg of such moneys In an amount "a
ne Fixed by said board In accordance
with tho provisions hereof ana upon
the furnishing of such bona or Donds
or other security authorized by thh
act. a certificate shall be Issued "a
such bank That the language ol
this bill " such that any bank mish'
be required to furnish bond prior I.
the receipt or assurance that u would
receive any public moneys, thus pos
slbly entaillnt an unjust aud unrea'