Salt Lake Herald-Republican | 1913-01-16 | Page 2 | Interest on School Funds is [Illegible]

INTEREST ON SCHOOl FUNDS IS DEMAND I Interest at t not less lass than 2 per pcr c mi must s accrue on all school mone money wh vii Tt must L bo kept In approved cd I f If It the K bill relating to this titis Yesterday jn in the tho senate by b Sena Seni Geor George c J. J KeU Kelly Ke becomes n. n law lan 1 Tho bill require all count county cIt school hamlet district treasurers to banks all theIr aJ school mone Ea which get the boon or of those nil I oP tHC must tre treasurer have o ha count the tho approval al of th tho a 9 county commissioners commissioner t commissioners board or wit Wh over aton is 18 in general ch 10 of such banks funds Moreover c thee thee f must agree to pa least least 2 her cent cont interest on lh posits alt must give Sl bonds for le safekeeping ot of the money moncy Xo No a can get et deposits or of school mOn amounting to more titan than 75 P Per r tent its paid up III stOel and Woe the count county school district treasurer who profits either r 11 r nt N from the tho money moue mone placed in l f u Vt he does ho lie will bo be gu guilty a felony y and for tor the l wll wil subject to a term terni o or of two wo yeU years Vear In Penitentiary i. i or a n. fine fino of at I also give back to his all that t he zande hI his VS la On 11 nefarious 1 It Tho The bill hil was waa referred to th the corn com m tee o on banks anti and banking f I T