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TITLE 527.

ACT 4130.

TRAMROAD COMPANIES.

Shasta County, providing for incorporation of tramroad companies in. [Stats. 1871-72, p. 800.]

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An act to authorize the deposit of state moneys in banks in this state, and to repeal all acts or parts of acts in conflict with this act. [Approved March 20, 1905. Stats. 1905, p. 323.]

Repealed 1907, p. 67. See Act 4134.

ACT 4134.

An act to authorize the deposit of state moneys in banks in this state, and to repeal all acts or parts of acts in conflict with this act. [Approved February 28, 1907. Stats. 1907, p. 67.]

Deposit of state moneys in banks. Security. Interest. Amount. Expense of transporting moneys.

§ 1. All moneys in the state treasury belonging to the state not immediately required to meet current expenditures may be deposited by the state treasurer to the credit of the state in such state or national bank, or banks, in the state, as the treasurer, with the approval of the governor and state controller, shall select for the safekeeping of such deposits, and any sum so deposited shall be deemed to be in the state treasury; provided, that the bank or banks in which such money is deposited shall furnish security as hereinafter provided, and provided further, that such depositary bank or banks be selected from those agreeing to pay the highest rate of interest, not less than two per cent per annum, for such deposits, as may be determined by bids to be submitted at such times and in such manner, as the treasurer, with the approval of the governor and state controller, shall direct; provided, that not more than one-tenth of the aggregate amount of state moneys available for deposit and on deposit shall be deposited in any one bank, and provided further, that such deposit shall not exceed twenty-five per cent of the . paid-up capital, exclusive of reserve and surplus, of any depositary bank. Any and all bids may be rejected by the treasurer, with the approval of the governor and state controller, and new bids asked for. The expense of transportation of moneys to and from the state treasury to such depositaries shall be borne by such depositaries. Said deposits, with interest thereon, shall be subject to withdrawal at any time upon the demand of the state treasurer, or upon presentation of a certificate of deposit properly indorsed.

Interest, when payable. School moneys.

§ 2. The interest to be paid by any such depositary bank shall be on the average daily balances of the state moneys kept on deposit there

with, and shall be paid and credited to the state monthly on the first day of each and every month, and such interest shall accrue to the general fund of the state treasury; provided that if any moneys belonging to the state school fund or the state school land fund shall at any time be deposited under the provisions of this act, the interest received thereon shall be paid into the state school fund.

Security of funds deposited.

§3. For the security of the funds deposited by the state treasurer under the provisions of this act, there shall be deposited with the treasurer bonds of the United States, or of this state, or of any county, municipality or school district of this state, which bonds shall be approved by the governor, controller and treasurer, to an amount in value at least ten per cent in excess of the amount of the deposit with such bank or banks; and if in any case, or at any time, such bonds are not deemed satisfactory security to the governor, controller and treasurer, they may require such additional security as may be satisfactory to them. Said bonds or any part thereof may be withdrawn on the written consent of the governor, controller and treasurer; provided, that a sufficient amount of said bonds to secure said deposits shall always be kept in the treasury; and in the event that said bank or banks of deposit shall fail to pay such deposits or any part thereof on the demand of the state treasurer, or upon any presentation of a certificate of deposit properly indorsed, then it shall be the duty of the state treasurer to forthwith convert said bonds into money and to disburse the same aecording to law; provided, however, that he shall sell no bonds for less than their face value except at public sale after ten days' printed notice in some newspaper of general circulation published in the county where the sale is to take place.

Provisions of contract. Treasurer's annual statement to banks.

§ 4. The treasurer shall take from such depositary or depositaries a written contract, in duplicate setting forth the conditions and terms upon which the funds of the state are deposited therewith, one of which shall be filed with the controller. One provision of said contract shall be that each depositary shall at the end of each month render to the treasurer a statement in duplicate showing the daily balances or amount of money of the state held by it during the month and the amount of the accrued interest thereon separately, one of which shall be filed by the treasurer with the controller. The treasurer shall annually on the first day of July furnish each depositary bank with a statement showing the amount and description of the bonds on deposit with him by such bank to secure state deposits.

Indemnity bonds.

§ 5. The treasurer, with the approval of the governor and controller, shall, if in his judgment it shall appear necessary for the security of the state, require said banks of deposit to give an indemnity bond, the sureties on which shall not be interested as stockholders in said bank

or banks, to be approved by the governor, controller and treasurer, to secure the state against loss by any depreciation in value that may occur in such bonds held by him as security for the safekeeping and prompt payment of the state moneys in such depositaries.

Treasurer not responsible for deposits.

§ 6. The state treasurer shall not be responsible for any moneys deposited in a bank or in banks under the provisions of this act while the same remain there deposited with the consent of the governor and controller; but the treasurer shall be chargeable with the safekeeping, management and disbursement of the bonds and certificates of deposit deposited with him as security for deposits of state moneys, and with the interest thereon, and the proceeds of any sale under the provisions of this act.

Certificates of deposit. Warrants paid by certificates.

§7. At the time of depositing state moneys in any bank designated as a depositary the treasurer shall take a certificate or certificates of deposits made payable to the treasurer of state in such sum or sums as he shall deem advisable. Such certificate or certificates of deposit in the possession of the treasurer shall be deemed and counted as cash by the state board of examiners. Controller's warrants drawn upon the state treasury may be paid by such certificates of deposit when properly indorsed by the treasurer the same as in cash.

Act of 1905 repealed.

§ 8. The act of March 20, 1905, entitled "An act to authorize the deposit of state moneys in banks in this state, and to repeal all acts or parts of acts in conflict with this act," and all other acts or parts of acts in conflict with this act are hereby expressly repealed.

ACT 4135.

Relating to treasurers, their deputies and clerks, in counties and cities. and counties having a population of two hundred thousand inhabitants or over. [Stats. 1893, p. 282.]

Superseded as to San Francisco by the charter of that city. This act appears in full in Political Code, Appendix, tit. "Treasurers," p. 1480.

ACT 4136.

Authorizing the state treasurer to pay controller's warrants drawn for the salaries of public officers who are entitled to monthly payments from the state. [Stats. 1873–74, p. 593.]

Codified by § 461 of Political Code.

ACT 4137.

For the better protection of the state treasury. [Stats. 1867-68, p. 554.]

This act authorized the state treasurer to employ two watchmen. The code commissioners say of it: "Doubtless superseded by § 457, Political Code, but nevertheless amended by statute of 1895, p. 55, c. LIV."

АСТ 4138.

To provide an additional watchman for the state treasurer. [Stats. 1895, p. 55.]

"Purports to amend statute of 1868, p. 554, c. CDXXXI, which statute was, however, superseded by Political Code, § 457."-Code Commissioners' Note.

ACT 4139.

Increasing number of deputies for limited period. [Approved March 16, 1889. Stats. 1889, p. 303.]

Repealed March 26, 1895, Stats. 1895, p. 88.

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Preventing persons passing through inclosures and leaving them open, and tearing down fences to make passages through inclosures. [Stats. 1871-72, p. 384.]

See § 7, 1875-76, p. 408; 1877-78, pp. 49, 776.

Superseded by Penal Code, § 602, subd. 8.

Citations.

Cal. 108/347.

See "Estrays."

TRESPASSING ANIMALS.

TITLE 530.

ACT 4149.

TRINITY COUNTY.

Additional contingent fund for. [Stats. 1877-78, p. 184.] Repealed by subd. 18, § 25, County Government Act, 1897, p. 463. АСТ 4150.

Providing for construction and maintenance of free bridges in. 1873-74, p. 62.]

ACT 4151.

County clerk of, salary of. [Stats. 1873-74, p. 184.]
Repealed by County Government Acts: See 1897, p. 568, § 210.

АСТ 4152.

[Stats.

Authorizing transcribing of records in. [Stats. 1862, p. 164.]
Amended 1863, p. 22.

АСТ 4153.

Public schools of, employment of teachers in. [Stats. 1873-74, p. 472.] Amended 1875-76, p. 122. Probably repealed by Political Code, § 1696, as amended 1893, p. 255.

АСТ 4154.

Supervisors to fix and pay compensation of under-sheriff of. [Stats. 1873-74, p. 593.]

Superseded by County Government Acts: See 1897, p. 568, § 210.

АСТ 4155.

Fixing salary of members of board of supervisors. [Stats. 1871-72, p. 380.]

Repealed by County Government Act, 1897, p. 568, § 210.

ACT 4156.

Supervisors to fix rate of tolls to be charged on wagon roads. [Stats. 1873-74, p. 607.]

See County Government Act, 1897, p. 452, § 25, subd. 36.

TITLE 531.
TRUSTS.

ACT 4161.

To provide for the more certain execution of express trusts in case of the death of the last surviving trustee. [Stats. 1867-68, p. 170.] Superseded by Civil Code, §§ 2287-2289.

АСТ 4162.

An act to encourage and provide for the dissemination of a knowledge of the arts, sciences, and general literature, and the founding, maintaining, and perpetuating public libraries, museums, and galleries of art, and the receipt of donations and contributions thereto when established; for the conveyance, holding, and protection of real property within this state suitable for the purposes herein designated, and the erection thereon of buildings appropriate to such purposes, and for the creation of trusts necessary or proper for the better preservation of such institutions, and the control and management thereof.

[Approved March 5, 1887. Stats. 1887, p. 26.]

See post, Acts 4163, 4164, 4165.

Manner of conveying gifts for dissemination of knowledge of arts, etc. § 1. Any person intending in his lifetime or by will or trust deed, to operate after his death, to found, maintain, and perpetuate in this state a public library, museum, gallery of art, or any or all thereof, for the diffusion of mechanical, scientific, artistic, and general knowledge, may to that end and for such purpose, and for any purpose within the purview of the title of this act, convey in writing by words denoting a gift or grant to one or more trustees named in such gift or grant, and to their successors, any library or collection of books and works, for such public library, or any museum, or gallery of art in this state, and such

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