The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1923-02-23
TAYLOR WANTS I b BANKS " TO PAY an.
more MONEY FOR COUNTY MONEY

| board Of county comnissiono,s e
such county may prescribe. appro,s
and deem fully sufficient and necas1
sary 70 insure the safety and promnt
payment Of all such deposits on de
rnand, if such security, after investi-
cation, appears to the treasurer "a IA
sufficient. When more than oneabsnl,
is available in any county such none,
available for deposits shall be odistFig
buted ratably among all such banks.
qualifying therefor, substantially ~
proportion to the paid in caDitslf 5F.
each bank willing to receive such de-
post under the terms Of this act q And
it shall be the duty Of the e,o566ntt.y,
treasurer to pro-rate all such deDosits
among all the banks in this count1
qualified to receive same as in this at
provided to the end that an e,c,fritabls
distribution of such deposits he main Main
tanned. If no such bank exists n tbs
county or2if any bank or banks ex;s@.
ing therein fails or refuses to ouaIifg
under the terms of this act to Tecai1e
such deposits then and in such case i.
IN either Of such cases, such MONEYS MONEYS
or any portion thereof can be distr;l
.buted under the terms of this act ~
the bank or banks most convenient Il
such county, willing to accent s,1cb
deposit under the terms of this act
and qualifying as above prescribed
Any bank or banks receiving such de-
posts, shall through its president and
cashier make a statement yofaii1a1rt d.
annually Of accounts, under oath
showing all such moneys that have
been deposited with such bank d,lrinnso,q
the quarter, the amount of daily ball
anees IN dollars, and the amount of
interest by such bank or banks cred
tied or paid therefor and sh6winb2 II at
neither such bank, nor anv officer
thereof, nor any person for it. has
been paid or given any consideration
or emolumeht WHATSOEVER to the treas
urer or to any other person, other
than the interest provided for herein
for and on account Of the making Of
such deposits with any such bank.
All such deposits shah be subject to
withdrawal by the treasurer in such
amount as may be necessary "a from
time to time, and no deposits of funds
shall be made, or permitted to remain
IN any bank, until the security for
such deposit shall have been first ap-
proved by the board of county com
and delivered to the treas
urer and afterwards approved by the
said treasurer All interest paid and
collected on such deposits shall be
credited to the general find of the
county. Where moneys Shall have
been deposited in accordahce with the
provisions Of this act, the treasurer
shall not be liable for loss on account |
Of any such deposits that may occur
through damage by the elements, or
for any other cause or reason occur |
ring through means other than his
own negligence, fraud or dishonorable /
conduct ss1oi1 5n5 Dsa4 s7n -i
However, the county treasurer may
with the approval of the board Of |
county commissioners invest the sur
plus funds Of the. county in state war /
rants; school district, high school dis
trict, or county high school district
warrants, or school district, high /
school district or county high school
district bonds; state treasury certifi-
Gates, county treasury certificates, or
United States treasury certificates.
Section s2-HA1la acts and parts Of I
acts in conflict herewith are hereby
repealed
Section 3-eThis act shall be in full /
force and effect from and after its
passage and approval" 20" A-
uenn.E wTuHI rn l