Bank Laws Bank Act of California Public Deposit Acts of California National B
Bank Laws Bank Act of California Public Deposit Acts of California National B
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Record of Sec. 4. Every treasurer shall keep a record in his office which deposits, shall be open to public inspection, showing at all times the amount of money on deposit and all banks in which the same is deposited, and dates of deposit. Also a record of all banks making application for the deposit of the public funds.
Amount that Sec. 5. The total amount of public moneys on deposit in any ma\) be bank, shall not at any one time exceed fifty per cent of the paid-up deposited, capital stock of... such depositary bank or banks. No officer shall have on deposit at any one time more than ten per cent of the public moneys under his control and available for deposit in any bank while there are other qualified banks requesting such deposits; provided, that no treasurer of a county, or municipality, shall be required to deposit public moneys in any bank outside of the county owning the money or in which the municipality is situated.
Receipts to be Sec. 6. The receipt issued by any bank for deposits made counted as cash, therein, together with the bonds held as security therefor, shall be held by the treasurer making the deposit and be recognized and counted as cash to the amount recited in the receipt by the officers required by law to count the same.
What to read after Bank Laws Bank Act of California Public Deposit Acts of California National B?
You can find similar books in the "Read Also" column, or choose other free books by N W Halsey to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Record of Sec. 4. Every treasurer shall keep a record in his office which deposits, shall be open to public inspection, showing at all times the amount of money on deposit and all banks in which the same is deposited, and dates of deposit. Also a record of all banks making application for the deposit of the public funds.
Amount that Sec. 5. The total amount of public moneys on deposit in any ma\) be bank, shall not at any one time exceed fifty per cent of the paid-up deposited, capital stock of... such depositary bank or banks. No officer shall have on deposit at any one time more than ten per cent of the public moneys under his control and available for deposit in any bank while there are other qualified banks requesting such deposits; provided, that no treasurer of a county, or municipality, shall be required to deposit public moneys in any bank outside of the county owning the money or in which the municipality is situated.
Receipts to be Sec. 6. The receipt issued by any bank for deposits made counted as cash, therein, together with the bonds held as security therefor, shall be held by the treasurer making the deposit and be recognized and counted as cash to the amount recited in the receipt by the officers required by law to count the same.
What to read after Bank Laws Bank Act of California Public Deposit Acts of California National B?
You can find similar books in the "Read Also" column, or choose other free books by N W Halsey to read onlineMoreLess
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