Laws State Indiana

Laws State Indiana

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...companies depositories for state funds with reference to the convenience of officers and state institutions using them. When any board of finance has established a depository or depositories for public funds, the president of such board of finance shall approve and accept said bank, banks or trust companies as depositories for public funds, and the secretary thereof shall attest said acceptance, and thereupon the notice, proposal, bond or securities, and acceptances, shall be recorded by the secretary as provided therefor in a book kept for that purpose. Such boards of finance in the acceptances executed by them shall fix the maximum amount of funds which shall at any time be placed on deposit in any such institution, and the attorneygeneral, upon the approval of this act, shall prepare forms of proposals, forms of bonds and forms of acceptances which shall be used and observed by the several boards of finance, in the execution of this act. The first designation of public depositories pursuant to this act, shall remain effective until the first Monday in January, 1909. On the first Monday in January, 1909, and biennially thereafter, the several boards of finance created by this act shall designate public depositories for the ensuing two years and upon the terms and according to the regulations prescribed in this act, and after notice of their meeting shall have been given for twenty days by the secretaries thereof, as provided in section 14 of this act. Title to Securities--Record--Default--Sale. Sec. 18. The title of all collateral bonds deposited by any bank, banks or trust companies, to secure the deposit of public funds, as provided in this act, shall vest in the board of finance with which the same are deposited, for the use more

Product details

  • Paperback | 296 pages
  • 189 x 246 x 16mm | 531g
  • United States
  • English
  • black & white illustrations
  • 1236769155
  • 9781236769152