Show DEP DEPOSITORIES S TORIES FOR FOR FOR- PUBLIC FUNDS ARE PROVISO OF BilLBoards BILLBoards BilL Boards of Finance State County and Municipal Arranged For Fora John W. W Wilcox of ot Ogden presented a a. bill In the yesterday providing pro for tor a general change In the system o of depositing public funds but tho the bill was withdrawn for a n. possible revision with the statement that it will bo be Introduced introduced introduced intro Intro- regularly h today The bill provides for the creation o ofa ot of a a. public board of ot finance and the designation nation of pf banks i in Utah which shall b bo known HS as public depositories T The le leboard board of or finance 1 Is to bo ho composed o othe ot of the governor and tho the secretary n of state and in each count count the county commissioners commis- commis constitute the count county 1 board o of finance while the mayor or and antI commissioners commis- commis 0 or councilmen constitute the tile municipal 1 boards hoards o of finance and 01 on down to 10 school districts on tho ho same plan Each board hoard o of finance Is ts' required to desi designate nate depositories which must be lie either re regular ular banks visited b by the time state bank batik examiner or national banks bank and each must furnish proper surety bonds 0 or put up bon bonds s as security An Any bank desiring to receive deposits o of funds Is required to agree to pay 2 percent per por cent on dally daily balances |