TRUST COMPANIES-ACT OF 1887 AMENDED.

§ 1. Amends section 7, Act of 1887.

§ 7. As amended, adds provision for depos its of mortgages covered by real estate lying in counties which have adopted the land titles Act.

(HOUSE BILL No. 538. APPROVED JUNE 29, 1915.)

AN ACT to amend section 7 of an Act entitled, "An Act to provide for and regulate the administration of trusts by trust companies," approved June 15, 1887, and in force July 1, 1887, as amended.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 7 of an Act entitled, "An Act to provide for and regulate the administration of trusts by trust companies," approved June 15, 1887, and in force July 1, 1887, be and the same is hereby amended so as to read as follows, to-wit:

§ 7. When any part of such deposit is made in bonds and mortgages it shall be accompanied by full abstracts of title and searches, and shall be examined and approved by or under the direction of the Auditor; or in case the real estate so mortgaged shall lie in any county which has adopted the provisions of the Land Titles Act, and shall have been registered under the provisions of said Land. Titles Act, then any certificate of title or duplicate certificate of title, or certified copy of certificate of title, provided for by the terms of said Land Titles Act as evidence of the title and showing the existence and priority of such mortgage lien, or lien by way of trust deed, shall be accepted as evidence of title and as evidence of the existence and priority of such mortgage or trust deed lien, in place of an abstract of title and search as aforesaid. The fee for an examination of such abstract of title and search by counsel, to be paid by the company making the deposit, shall not exceed $20.00 for each mort[g]age, and the fee for each appraiser, not exceeding two, besides expenses, shall be $5.00 for each mortgage.

APPROVED June 29th, 1915.

COUNTIES.

COUNTY BOARDS-FUNDS FOR COUNTY POULTRY EXHIBITS.

§ 1. Authorizes appropriation of funds for use of poultry societies-limitation.

(HOUSE BILL No. 17. APPROVED MAY 20, 1915.)

AN ACT to enable county boards of supervisors in counties under township organization and county commissioners in counties not under township organization to appropriate county funds for use for county poultry exhibitions by societies organized for that purpose.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That it shall be lawful for county boards of supervisors in counties under township organization and for county commissioners in counties not under township organization to appropriate funds for educational purposes from the county treasury for the use of societies organized for the purpose of giving county exhibitions of poultry in their efforts to promote the adoption of the latest approved methods of propagating the different breeds of poultry and of increasing the poultry industry in the various counties of the

State: Provided, that in no case shall it be lawful for a county board of supervisors or county commissioners to appropriate more than two hundred and fifty dollars ($250.00) in any one year for the above

purpose.

APPROVED May 20th, 1915.

COUNTY BOARDS-POWERS.

§ 1. Amends section 25, Act of 1874.

25. As amended, enlarges powers of county boards-approval of maps or plats for highways before entitled to record.

(SENATE BILL No. 309. APPROVED JUNE 22, 1915.)

AN ACT to amend section 25 of an "Act to revise the law in relation to counties," approved and in force March 31, 1874 as amended by subsequent Acts.

SECTION 1. Be it enacted by the People of the State of Illinois represented in the General Assembly: That section 25 of an Act entitled. "An Act to revise the law in relation to counties," approved and in force March 31, 1874, as amended by subsequent Acts, be and the same hereby is amended so as to read as follows:

§ 25. The county boards of the several counties shall have powerFirst-To take and have the care and custody of all the real and personal estate owned by the county.

Second-To manage the county funds and county business, except as otherwise specifically provided.

Third-To examine and settle all accounts against the county, and all accounts concerning the receipts and expenditures of the county.

Fourth-To cause to be erected, or otherwise provided, a suitable workhouse, in which persons convicted of offenses punishable by imprisonment in the county jail may be confined and employed, and to make rules and regulations for the management thereof. They may contract for the use of the city workhouse when the same can satisfactorily be done.

Fifth-To cause to be erected, or otherwise provided, suitable buildings for, and maintain, a county insane asylum, and provide for the management of the same.

Sixth-To cause to be annually levied and collected taxes for county purposes, including all purposes for which money may be raised by the county by taxation, not exceeding 75 cents on the one hundred dollars' valuation, and in addition thereto an annual tax not exceeding one hundred cents on the one hundred dollars for the purposes of paying the interest and principal of indebtedness which existed at the time of the adoption of the constitution.

Seventh-To authorize the vacation of any town plat when the same is not within any incorporated town, village or city, on the petition of two-thirds of the owners thereof.

Eighth-To change the name of any town plat on the petition of a majority of the legal voters residing therein when the inhabitants thereof have not become a body corporate.

Ninth To cause to be erected, or otherwise provided, and maintained, all suitable buildings for a sanitarium for the care and treat

ment of all persons suffering from tuberculosis who may be admitted to said sanitarium by, or under the direction of said board, and to provide for the maintenance and management of the same.

Tenth-To provide, by resolution, that any map, plat or subdivision of any block, lot or sub lot or any part thereof or any piece or parcel of land, not being within any city, village or incorporated town, in which any dedication of land for highways, streets or alleys shall be made, shall be submitted to the county board or to some officer to be designated by such county board for their or his approval; and in such cases no such map, plat or subdivision shall be entitled to record in the proper county or have any validity until it shall have been so approved.

APPROVED June 22nd, 1915.

(SENATE BILL No. 185. APPROVED JUNE 29, 1915.)

AN ACT concerning county treasurers, in counties containing more than 150,000 inhabitants, and concerning public funds within their custody and control and the interest thereon, and to repeal all Acts or parts of Acts in conflict therewith.

SECTION 1. TERMS CONSTRUED.] Be it enacted by the People of the State of Illinois, represented in the General Assembly: That the terms mentioned in this section as used in this Act shall, unless the same be inconsistent with the context, be construed as follows:

The term "county treasurer" shall include the county treasurer when acting as such or in any other official capacity incident to his incumbency of the office of county treasurer.

The term "county moneys" shall include all moneys to whomsoever belonging, received by or in possession or control of the incumbent of the office of county treasurer when acting as such or in any other official capacity incident to his incumbency of the office of county treasurer.

The term "county clerk" shall be construed to mean the county comptroller in any county in which provision for a county comptroller shall have been made by law.

§ 2. SELECTION OF DEPOSITARIES.] It shall be the duty of the county treasurer in every county of this State now containing or which may hereafter contain more than 150,000 inhabitants, at least once in each year and not later than the 1st day of October, in each year, to advertise for bids from all regularly established national and State banks doing business within such county for interest on county moneys to be deposited in said banks.

A "regularly established" national or state bank is hereby defined to mean a bank which has been doing business in such county and has furnished at least two sworn statements of resources and liabilities to the State Auditor or to the comptroller of currency, prior to the date upon which the bids provided for herein are to be submitted. It shall be the duty of the county treasurer in so advertising for bids to ask for separate bids for interest upon such county moneys as shall be deposited in said banks and permitted to remain without diminution for periods of at least thirty, sixty or ninety days.

Such bids shall be referred to the county treasurer, the county clerk and the president or chairman of the county board of such county for their information and consideration, not later than the 15th day of October of each year. The three above named officers shall, by a majority vote, within ten days after such bids have been so referred to them, by written notice to the county treasurer, a duplicate of which notice shall be filed with the county clerk, reject any or all bids, or designate, in like manner, as many depositaries as they deem necessary for the protection of all county moneys as defined in section 1 of this Act, and make awards accordingly, such awards to be made to the highest and best responsible bidder or bidders. In case no bids are so received or all bids so received and referred are rejected, the county treasurer shall immediately readvertise in the manner herein provided, and shall continue to readvertise in like manner until such awards shall have been made.

It shall be the duty of the county treasurer to obtain with each bid for interest upon county moneys and to present with such bids the last official statement of resources and liabilities of each bank bidding for deposits as reported to the State Auditor of Public Accounts or to the comptroller of the currency, as the case may be; and the county Treasurer shall obtain, from time to time, from the banks to which awards are made, copies of all reports of condition made in response to the regular calls by the State and federal authorities.

§ 3. CONTRACT-STATEMENT OF DEPOSITARIES.] The county treasurer of such county shall take from each bank which may have been so designated as a depositary a written contract, in triplicate, setting forth the conditions and terms upon which county moneys are to be deposited therewith, one copy of which he shall file with the president or chairman of the county board and one with the county clerk: Provided, that nothing contained in this Act shall be construed to authorize such county treasurer to enter into any contract for the deposit of such moneys or to deposit any such moneys upon terms and conditions which will prevent him from performing the duties imposed upon him by law with respect to the payment of such moneys to public authorities or other persons entitled to receive the same. One provision of said con

tract shall be that each depositary shall, at the end of each month, render to the county clerk a statement, in duplicate, showing separately the daily balances or amounts of county moneys held by it during the month, and the amount of accrued interest thereon, one copy of which statement the county clerk shall file, as soon as received, with the president or chairman of the county board. The said statement shall be made under oath, by the proper officer of said depositary, and shall also state that no other fees, perquisities or emoluments have been paid to or held for the benefit of any public officer, or any other person, on account of the deposit of such county moneys, and that no contract or agreement of any kind whatsoever has been entered into for the payment to any public officer, or any other person, of any fee, perquisite or emolument on account of the deposit of such county moneys. Said contract shall further provide that the interest on deposits shall be computed upon the average daily balance of all classes of funds on deposit during the contract period.

§ 4. BONDS OF DEPOSITARIES.] No county moneys shall be deposited in any bank nor any such award be effective until such depositary shall have delivered to the county clerk of such county a bond running to the People of the State of Illinois in an amount equal to the amount which such bank or depositary shall be designated as being entitled to receive upon its bid and with such sureties as the three officers aforesaid shall approve, conditioned in like manner as official bonds given by public officials charged with the custody of money.

§ 5. CLASSIFICATION OF FUNDS.] For the purpose of establishing a control over the withdrawal, in accordance with the provisions of this Act, of all county moneys deposited in any bank or depositary, as hereinafter required, such moneys are hereby classified as follows:

Class A. All taxes and special assessments received by the county treasurer in his capacity as ex officio county collector or ex officio town collector, and held by him pending distribution to the several governments or authorities entitled to receive the same, shall be known as "Class A" funds.

Class B. All other moneys belonging to the State of Illinois or to any political or corporate subdivision thereof, except the county, shall be known as "Class B" funds.

Class C. All moneys belonging to the county in its corporate capacity shall be known as "Class C" funds.

Class D. All other county moneys as defined in section 1 of this Act shall be known as "Class D" funds.

§ 6. DEPOSITS BY COUNTY TREASURER.] It shall be the duty of the county treasurer of such county to deposit daily, in separate accounts in accordance with the classification set forth in section 5 of this Act, to the credit of the county treasurer of such county, in such bank or banks as shall have been selected and designated under the terms of this Act and as shall have complied with the requirements thereof, all county moneys as defined in section 1 of this Act, received by him during banking hours, and also all such county moneys as he may have received on the day previous after banking hours.