The Cordova daily times., 1919-03-13
NORTHDAKOTA LAWSN AID0F
 HOME BUILDER

BISMARCK, N. D., March 13 (by Associated Press) ).-The laws permit ting the state of North Dakota to go into business under the industrial pro- gram of the National Non-partisan League went into effect when Gov. Frazier recently signed the bills. Banking, home-building and four milling are among the projects GOV ments adopted at the last general elec- tion.
 The parent bill creates a state in- dustrial commission, composed of the governor, commissioner of agriculture and the attorney general, who are given blanket authority in establishing necessary state departments. The commission is given authority for the operation of system of banking un- der the name of the Bank of North Dakota.
 The banking measure provides for the issuance of $2,O00,00O in bonds to furnish capital. The system will start "whenever the sum of $2O0O,O00 is- sued by the state as provided by law" has been delivered to the commission The bank will become the depository of all public funds of the state, coun- ties, cities and school districts. Gen eral banking business is authorized, and in addition the Central State Bank will become the depository of the re- serve funds of several hundred pri- vate banks chartered by the state These reserves are now held in St. Paul, Minn., and Chicago banks The state bank will have charge of the issuance of state bonds to finance in dustrial enterprises and will act as a rural credit bank for the promotion of agriculture.
 The industrial commission bill and the banking act have passed both houses by two-thirds majorities, which permits the inclusion of an emergency clause putting them into immediate effect The other bills are expected to pass soon with the emergency clauses.
 The other league program bills pro- vide for the erection of terminal eJe- vators and flouor mills, and extend state credit to all citizens desiring to erect homes.
 Other phases of the program which eliminated taxation on certain i'm proyements, provided state hail in- surance on crops, state industrial in- surance for workingmen, and made other changes proposed by the State Federation of Labor.
 The milling measure authorizes the houses, elevators, flour mills and fac tories with which the state will en- gage in manufacture and in the mar. keting of farm products The milling association will be capitalized at $5,0OO,00O, part of the money to he obtained through certain funds in the state treasury and part through the sale of state bonds.
 The Home Building Association Of North Dakota, authorized under the home-b building measure, will purchase or build homes or farms for citizens on receipt of 20 per cent payment. The remainder may be paid on an amortization plan in from ten to twenty years. A house costing $5,O00 can be purchased in twenty years on monthly payments of $26, according to league members. They say the act will bring rapid settlement of the states idle lands.
 State-owned coal mines and pack ing plants, also part of the league program, were not expected to be au- thorized at the present session. One bill expected to be acted upon imposes a one.half mill tax to create fund for returned soldiers. who would be entitled to s25 for each month in servios. The money would be placed in the home shnildinG asso- ciation fund or be deposited for tho seldaes.ss saduna4 4inn .-r