Montana labor news., 1935-04-25
Story Of The Senate
CONFINED ION page d

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Bill, which was also killed in the Sen
ate.
Senate Bill No. @, a bill. signed by
the Governor, permitting trustees, ex-
ecutors and others to invest in bonds
of the Home Owners Loan Corpora
ton. Senate Bill No. !, permitting
banks and other financial institutions
to obtain insurance under the National
Housing Act, signed by the Governor.
These were companion bills drawn for
the purpose Of meeting the recommen-
dation of the President and to permit
the people and the state to carry out
legally the provisions of the National
Housing Act.
Substitute Senate Bill No. 8 was a
valuation upon public utility property.
This was passed by the Senate and
held up for almost four weeks in COM
mittee and presented to the House
when. in the closing days of a session,
a conference committee was appointed
OF members OF both the House and the
Senate, and on the last day a report
was adopted killing this bill.
Two bills, 9 and 10, which would
have changed the corrupt practice law
and prevented attachments upon pro-
perty, were killed by the judiciary COM
mittee and the report adopted. The
purpose OF the first bill was to pre-
vent persons from using corrupt prac-
tice law in case of a dissatisfied con-
~testant for an office, Directing to the
amount Of expenditures which may
have been made without considering it
a violation; a law which has not been
lived up to since it was enacted. The
second bill was to prevent a renewal
of the abatement proceedings in ac-
| tons which were similar to the prohi-
bition law. It removed a burden from
the owner Of property and permitted
him to rent his property for the pur-
pose Of obtaining at least the taxes
thereon and helping his county and
his state to that extent instead of keep
ing the property vacant.
Senate Bill No. II, signed by the
Governor, provided for allowing one
third upon property upon conditional
sales contracts, and the recovery Of
the property under certain conditions
which were just to the buyer and the
seller. This was approved after much
discussion and amendments in the com
mittee, and passed by both houses.
Senate Bill No. IA, providing for the
examination Of premises for insurance
purposes was killed because it was COW
cred in Senate Bill No. IS, which was
introduced by the author and became
a law and was known as the full valued
policy bill. This bill was one of the
most important passed at this session
of the Legislature; the first time that
a bill against the insurance companies
had been passed by both House and
the Senate and signed by the Cover
nor and provides: That in case Of in
surance upon real estate that where the
insurance company accepts a premium
for the value Of the property agreed
to in the policy of insurance, in the
event OF a total loss, they must pay
this amount, it goes into effect July,
lst, 1885.
Heretofore people we're permitted to
insure their property for any amount
and in case of a loss only received the
appraised value regardless of the amo-
unit Of insurance carried or the pre-
MUM paid. In some cases this amour
ted to less than one-half, and even 20
per cent of the amount of insurance
carried. The owner of the property
paid for the amount set forth in the
policy, but without the return of any
premium or portion of the premium, in
case OF a total loss, only received the
appraised value at the time of the loss,
Senate Bill No. 10, abolished the
State Fair at Helena for the reason
that it was a white elephant" and
costly both to Lewis and Clark County
and to the State and was unnecessary,
Senate Bill No. Is, passed, provided
for the payment of delinquent tax in
stallments in a period of ten years I'M
der an agreement signed with the Coun-
ty Treasurer. It further provides that
the tax payments shall be kept up
commencing with the year 1885, and in
default Of the, agreement and pay
ments the Board OF County Commiss-
toner's may take a tax deed to the pro-
perty; the intent of this law seemed to
be to aid the taxpayer in paying his
delinquent taxes and giving him an
opportunity to catch up on the Install
ment basis.
Senate Bill No. 20, permitted the
County, City, School Districts, ETC.,
whose Indebtedness was in excess Of
the constitutional limitation to arrange
a compromise with the bond holders.
Passed.
Sub-Senate Bill No. p was another
insurance measure and provided for
State Insurance upon all public build
ings, which included the property in
cities, county and state. The purpose
Of this Bill was to make the state the
insurer of its property and to create
a fund for the payment Of its losses
by the savings it would make upon the
premiums heretofore paid and to in
sure the public buildings at a saving
to the people, and in addition to this
that after the premiums had accumu-
lated sufficiently to create a surplus
that this money would go into a fund
for the purpose entirely OF aiding the
state in any way that the Legislature
saw fit. 1t is proposed by this bill to
save in insurance alone in the State
of Montana S137. 10000 yearly.