Section 323. SECTION 3. It shall be the duty of said board to meet Meetings. Desig- on the first Monday in April, 1911, and every two years nation of depos- thereafter, or as often as is necessary at the call of the itories. Section 324. Applications. Action of board. chairman, after this bill becomes operative, and designate such national banks within the state and banks and trust companies doing business within this state, and incorporated under the laws thereof as the board deems eligible to be made state depositories. SECTION 4. Application of banks and trust companies to be made a state depository for the deposit of moneys of the state shall be made in writing and be filed with the chairman of the board of deposit. Such application shall contain a sworn statement showing the financial condition of the bank or trust company at the date of the application. Such application shall also specify the kind of bond or bonds it will furnish as security. SECTION 5. Applications of banks and trust companies Section 325. shall be carefully considered by the board of deposit and its action on each application considered shall be endorsed thereon by the words "Approved" or "Rejected" and signed by each member of the board or a majority thereof. A bank or trust company whose application has been considered by the board and approved as herein provided shall be eligible to be a state depository. Section 326. Reserve in treasury. Section 327. Active and inac SECTION 6. Treasurer of state shall not keep at any one time more than fifty thousand dollars ($50,000.00) as a reserve in the treasury vault, and all other moneys of the state shall be deposited as hereinafter provided. SECTION 7. There shall be two classes of depositories; one shall be known as active depositories and the other as tive depositories. inactive depositories. The treasurer of state may designate one or more banks or trust companies, or either of them located in Columbus, Ohio, eligible under the provisions of this act as active depositories; money deposited in the inactive depositories shall be used when money in the active depositories shall not be sufficient. ding. Section 328. SECTION 8. All awards for the deposit of state funds Competitive bid shall be made upon competitive bidding; bids shall be received by the treasurer of state every two years, beginning between one o'clock p. m. on the first Monday in March and closing at one o'clock p. m. on the third Monday in March, 1911, and every two years thereafter. Section 329. Bids opened in pullie. Section 329-1. Rejection. SECTION 9. Each bid shall state whether it is for an active or inactive deposit, amount bid for and rate of interest, and must be accompanied by an application and shall be sealed and plainly marked on the outside "BID FOR DEPOSIT." Beginning at one o'clock p. m. on the third Monday in March of each bidding period the bids shall be opened by the treasurer of state at his office in the presence of the public; all bids shall be preserved and be open to public inspection at all times. SECTION 10. Evidence of a combination among bidders shall be deemed just cause for the rejection of any or all bids. Section 330. Section 330-1. Section 330-2. Section 330-3. Section 330-4. Award. Duty of treas SECTION 11. After bids have been opened the treasurer deposits. SECTION 12. No bank or trust company shall have on Limitation on deposit at any one time more than its paid in capital stock and in no event more than three hundred thousand dollars ($300,000.00) as an inactive deposit. SECTION 13. The treasurer of state may withdraw any or all of the state funds on deposit for the purpose of paying the appropriations and the obligations of the state; when necessary to withdraw funds from the inactive de- Withdrawals. positories it shall be withdrawn from the banks and trust companies paying the lowest rates of interest and in proportional amounts as near as practicable. cified. SECTION 14. The treasurer of state before making such deposits shall require that each and every approved bank or trust company to deposit with him United States govern- Securities spement bonds, bonds of this state, county, township, school district, road district, or municipal bonds of this state at not less than their par value, in an amount equal to the amount of money to be deposited with such banks or trust companies, or surety company bonds, which when executed shall be for an amount equal to the amount deposited plus 5%, conditional for the receipt and safe keeping and payment over to the treasurer of state or his written order of all moneys which may come into the custody of such bank, or trust company under and by virtue of this act, and the interest thereon when paid shall be turned over to the bank or trust company so long as it is not in default. And further, said bonds so given shall include a special obligation to settle with and pay to the treasurer of state for the use of the state interest upon daily balances on said deposit or deposits, at the rate bid for, but not less than 3% per annum for inactive deposits and 2% per annum for active deposits (on a 365 day basis) payable quarterly on the first Monday of February, May, August and November of each year, or any time when withdrawals are made or the account is closed. Interest on daily balances. Pay able quarterly. cates. SECTION 15. Said banks and trust companies shall also file with the treasurer of state demand certificates of deposit Demand certifiin an amount equal to the total amount of the deposit and specify rate of interest to be paid. Said certificates shall be signed by the cashier or a duly authorized officer of said bank or trust company. Section 330-5. Blank forms. Section 330-6. ties; when. SECTION 16. All surety company bonds and certificates of deposit shall be made out on blank forms furnished by the treasurer of state. Said blank forms shall be approved by the attorney general. SECTION 17. If, on demand or order of the treasurer of state, a state depository fails or refuses to pay over the deposit, or any part thereof made therein as provided by Sale of securi- law, the treasurer of state shall sell at public sale any or all of the bonds deposited with him as collateral security for such deposits. Thirty days notice of such sale shall be given in a newspaper published and of general circulation at the seat of government. Surety bonds shall contain a clause obligating said surety company to pay and settle with the state the amount due in full including interest within sixty days after notice is given. Notice. Section 330-7. Transfer of bonds. Title. Surplus. Section 330-8. SECTION 18. When a sale of bonds has been made by the treasurer of state, and upon payment to him of the purchase money, the chairman and secretary of the board of deposit shall transfer such bonds whereupon the absolute ownership of the bonds shall pass to the purchasers thereof. Any surplus remaining after deducting the amount due the state and expenses of sale shall be paid to the bank or trust company making the deposit. SECTION 19. The treasurer of state shall not be perNon-liability of Sonally liable for moneys lost by reason of the failure or insolvency of a bank or trust company selected as a state depository in accordance with law. treasurer. Section 330-9. counts. SECTION 20. The treasurer of state shall keep in his Records and ac- office a record showing an account with each depository, both active and inactive, under which, entry shall be made showing the amounts of each deposit, the date of each, the rate of interest and withdrawals, the date thereof and the balance on deposit. Each such account to show the date and amount of interest received during each paying period. Section 330-10. Daily statement to auditor of state. Section 330-11. SECTION 21. The treasurer of state shall make out and transmit daily to the auditor of state a statement of the condition of all moneys in his hands and under his control of each day's business, and a copy thereof shall be transmitted at the same time to the governor. Such statement required shall show the amount in the inactive account, the amount in the active account, the amount of cash on hand, which shall include the amount in checks, drafts, postoffice orders and other evidences of money and also the total of such items. SECTION 22. No person engaged or interested in the banking business as stockholder or otherwise, shall be accepted or approved as surety on the bond of the treasurer of state. If said officer gives a surety company bond the annual premium, or premiums accruing thereon after the passage of this act shall be paid out of the funds in his hands on the approval of the governor, and there shall be appropriated out of any money in the state treasury to the credit of the general revenue fund not otherwise appro The sectional numbers on the margin hereof are designated as provided by law. TIMOTHY S. Attorney priated, but the amount shall not exceed eighteen hundred SECTION 23. That sections 321, 322, 323, 324, 325, 326, General. SECTION 24. This act shall take effect and be in force from and after the third Monday in March, 1911. To amend section 4682 of the General Code relating to villages Be it enacted by the General Assembly of the State of Ohio: than one hun tax valuation, Sec. 4682. A village, together with the territory at- Village, with less tached to it for school purposes, and excluding the territory dred thousand within its corporate limits detached for school purposes, not a village with a tax valuation of less than one hundred thousand dol- school district. lars, shall not constitute a village school district, but the proposition to dissolve or organize such village school district shall be submitted by the board of education to the electors of such village at any general or a special election Vote to organize called for that purpose, and be so determined by a majority district. vote of such electors. SECTION 2. That said original section 4682 of the General Code be, and the same is hereby repealed. village school Section 7761-1. Agrculture to be taught in common schools. Exception. Section 7761-2. Four districts; how composed. Section 7761-3. ors; duties. [Senate Bill No. 18.] AN ACT To provide for the teaching of agriculture in the common schools of the state of Ohio. Be it enacted by the General Assembly of the State of Ohio: SECTION 1. That agriculture be added to and made one of the branches of education to be taught in the common schools of the state of Ohio; and that said branch of agriculture shall be taught in all the common schools of said state of Ohio, which schools are supported in whole or in part by the state; in any village, township or special school district; provided however, that the provisions of this act shall not apply to city school districts of said state. SECTION 2. That the state of Ohio be divided into four agricultural districts to be mapped out, located and defined by the state commissioner of common schools of said state of Ohio; provided however, that said agricultural districts shall be made up and composed of counties which are contiguous and that no county in the state shall be divided in the laying out of said districts so that part of said county shall be included in one of said agricultural districts and part in another district. SECTION 3. That the state commissioner of common schools shall superintend all such agricultural education in Ohio designated in Section 1 of this act, and shall have full power to, and shall appoint in each and every one of said agricultural districts, so mapped out and designated by District supervis- him, a person to be known as a district supervisor of agriculture whose duty it shall be to visit and co-operate with the several boards of education in his respective district in mapping out such a course of study in agriculture as they may think best adapted to the wants and needs of the people of the respective school districts; to visit the county teachers institute in every county in his district and give public instruction in the teaching of agriculture to the teachers of the several schools designated in Section 1 of this act; to co-operate with the state board of agriculture and give the state such time as may be necessary to lecture on agriculture subjects as they may be applied to the schools designated in Section 1 of this act at least once a year in every county in his agricultural district; to encourage county agricultural societies in each county of his agricultural district in establishing school children's agricultural exhibits at each annual county fair; to make regular reports to the state commissioner of common schools at the end of each month, relating to the promotion of agricultural education in the schools designated in Section 1 of this act, in their respective agricultural districts; and to make such other and further reports to said state school commissioner |