The daily star-mirror. (Moscow, Idaho) 1911-1939, 1919-06-10
maalng application for that purpose

come or remain a City Depository t.
which the City Treasurer, City Clerl
or any deputy of either of them is di
rectly indebted, unless the fact o
such Indebtedness is made known t,
the City Depository Board and tn
amount and character of such indebt
edne shall not be open to public in
spection and said City Depositor.
Board shall treat such information il
str q confidence. any e4nGe ~,
Board violating this provision shall bt
gu lty Of a misdeine NOR.
In cast of violation of a City De
pository of this provision, the Ciey De
pository Board shall Immediately
cause all funds therein to be with
/ drawn and such bank shall be inelig
( ible to become City Depository
during the incumbency of the Official
so indebted to said bank
| Sec. VIII. Before designat ng any
bank as City Depository, the City De-
pository Board shall require it to de-
post securities or to give bond, as in
this ordinance provided, for the pay
ment of city moneys to be depos ted
therein and the interest thereon, which
securities and bonds are subject to
the approval of the Board.
Sec. TX No securities shall be ac-
cepted by the Board, except United
States Bonds, or bonds of the State of
Idaho, } onds of the several counties,
school districts and highway districts
OF this state, and warrants of the
State of Idaho and of the several coun-
ties Thereof. No securities shall be ap-
proved where there has been default
va C,sc in, 11A ont Of
principal or interest of any obligation
issued by the same maker
Sec x. No bond shall be approved,
unless furnished by surety company
authorized and qualified to do bust
ness in this state. And any such bonds
shall run to the City of Moscow,
State of Idaho, shall be in the form
and contain the conditions prescribed
in the following Section, and shall
obligate the Depository giving it to
do and perform whatever may be re-
uuired by the provisions of this ordin-
ance in the faithful discharge of the
trust reposed in it.
Sec. XI. Any such bonds shall be in
substance as follows:
Know all men by these presents, !
that. Bank of Moscow,
lUd0O, anu e &. oulCly 0Oll-
pany, a corporation, authorized and
qualified to do business in the State I
of Idaho are held and firmly bound |
unto the City of Moscow in the sum
of S for the payment OF
which will and truly to be made we
bind our and each of our successors
and assigns jointly and severally by
these presents.
Dated this. day of...-...., 49,
The conditions of the foregoing
are such, that
WHEREAS, the said principal, the
.. bank of Moscow, Idaho, has
applied to the City Depository Board
% be designated as a City Depository
and to receive on deposit part of the
iunds belonging to the City of Mos
COW, in the custody of the Treasurer
If the City of Moscow, to be deposited
IN said bank, the amount whereo!
shall be subject to withdrawal or
limunition by said Treasurer as the
of the said city shall
demand and which amount may be in
creased or decreased as the said
Treasurer may determine; and,
WHEREAS, the said bank, in con-
alteration of said deposit and for the
privilege of keeping the same, has
greed to pay to the City of Moscow,
interest on such sum so on deposit
It a rate, in the manner and at such
eriods as may be agreed upon, which
ate shall not be less than two per
ent per annum on the amount of said
eposit, which interest shall be COM
uted and credited upon the daily
verage of such amount as the bank
hall have on deposit, which interest
hall be credited to the account of
aid City of Moscow, and shall be-
ONE thenceforth part of such de-
osit.
WHEREAS, the bank has further !.
greed to render such accounts and
erform such other duties as Depos-
ory as are required by the laws of
lie State of Idaho and by the ordin-
noes of the said City of Moscow.
NOW, THEREFORE,, if the said
bank shall at the begin
ing of every month render to the
ity Treasurer and the City Clerk, a
atement in duplicate showing the
lilly balance of said city money held
it during the month next preced-
g, and the interest accrued thereon =
Id how the same has been credited =
Id will we'll and truly keen all said
ms of money so deposited and
edited. or to be deposited or cred
ID as aforesaid, and interest there
/; subject at all times to the check
d order of the City Treasurer, as
as shall be by him law
lily demanded or agreed upon and
all calculate, credit and keep said
crest, as aforesaid, and shall pay
er the same or any part thereof, up
the check or written demand of
! City Treasurer. and to his success
in office, as shall be by him de-
nded and shall in all respects, save
i keep the City of Moscow and the
d City Treasurer harmless and
emnified for an by reason Of the
king of said deposit, or deposits,
N this obligation shall be void and
no effect; otherwise to be and to
nain in full force and virtue.
that if the said surety
IL so elect it may cancel this bond
any time by giving ninety days no
of the cancellation thereof. in
ting to the said principal, the City
,asurer and the City Clerk, as Sec
- .,.J C.+1, noroc;to,cx, PoorJ