The Bismarck Tribune Newspaper, June 20, 1919, Page 6

shier Aamoth’s Testimony On the Four-Way Split and Mr. Townley’s Libel Action (Continued from Page 1) do with the American Exchange nk? A, No, I had absolutely noth- to do with (ie American Ex- hange Bank. Q. Do you know any- 26 dollars and ing about that $15 Pme cent 4 No, .Q. ‘Did you have any connection ith that? A. I did in a way, yes. Q. What was it? A. When Hast- gs paid us for the bank stoc' —I il] have to explain it all to you—I d Mr. Hastings draw che to ch individual stockholder that we pd. The remaining 210 shares. You e, we ye 500 shares in our bank. the 280 was in our original Pal and ¢ er stockholders they eked up tely, and had him aw checks Fi to these individ: stockholders for their stock, and pen | nted him to draw individual hecks to Mr. Grady and myself and vs. €elby and Mrs. Grady and Mrs. ombs and etc., for that 280 shares. t he did not do that. He made one heck for the two hundred eighty hares. He made that in one check d he added to that check $15,026.91. Q. What was that for? A. He wanted us cover it up for him in that way and I would not do it. He reauested Grady and I to de- posit that to our account and give *Twas Said:— —by the hardware man, “what's he matter, young feller?” “Why that feed-chopper we got ‘rom you is a Bolshevik.” “A Bolshevik, how do you make that out?” “Pa says it must be a Bolsh avik because it won't work at all.” Now take our advice. dear cus- tomers, and don’t stand for any isuch Bolshevik merchandise in your possession. If you have bought lanything from us that refuses to work, bring it back and we'll fix Hit for you—if it doesn’t work after lwe get through with it, you get an lexchange or money-back without any question about it. We won't stand for Bolshevism. This is the season for Lawn Mowers, so we are sh. wing a fine Hine of them at prices which range ‘rom— $7.50 up to $15.00 Also those handy Grass Catchers ade of steel and canvas at— $2.25 We have a splendid line of Gar- den Hose at— 15c, 20c, 25 and 28c Per Foot We guarantee the Rubber Hose we sell as we know all about it. ‘e have customers that have been lusing genuine rubber hose which hey bought here for more than six lvears and it’s still in good condi- ‘ion, fe Ye are still selling lots of Seeger Siphon HCE BOXES Awhich we have Hin a variety of styles. “We Sell the Best Goods” Lomas Hardware Co. (Incorporated) Stoves, Ranges and Kitchen Uten- sils—Builders’ Hardware a Specialty him personal checks back for this $15,026.91 and we would not do it and he was given cashier's checks. Q. What was those amounts do you remember? A. There was three thousand five doll and some odd cents to Thomas Allen Eox and three thousand five dollars and some cents to William Olson and the same amount to the Federal Development Company, and six thousand eleven dollars, or something like that, to the Scandinavian Bank of Fargo, Q. Who did you deliver those ashier’s checks to? A. Hastings. Q. Did Hastings say who he was buying the bank for? For the farmers? A, At the time that he dealt with us? Q. Yes. A. No, he did not say he was huying it for the farmers, He said he wag buying it for him- self. We understood it was Hag- gerty and Hastings that dickered with us for the stock in Decem- ber. Of course, they had dicker- ed with us before, that is, tried to buy us before, but we never got together with them until along in December—that is, after the big Nonpartisan meeting down in St. Paul. — Bill Olson came back from St. Paul. He at- tended the meeting. He said at this meeting we decided we are going to have a Nonpartisan Bank in Valley City. It was de- cided we would give you fellows an oportunity to sell or we would put one in. We told them what we wanted and we dickered back and forth and did not come to an agreement, and after they had gone Grady and I talked it over and decided perhaps we had bet- ter sell if «hey were going to come in; and we wired them and told them we would take the price agreed on originally, and they wired byck and said it was to be taken for the first of Janu- ary. Q. You knew about that new ten per cent commission for the organiza- tion of the Bank? A. Yes, their con- ws that right on the face. Q. What other profits did they make besides the ten per cent, if any? A. The only profits was the ten per cent and that 15,000 dollars, I understand it has been paid back again. I do not know. That is absolutely all they got. There was no other profits. Q. What was the arrangement | about the house if any? A. The house was in the deal—the Bank deal. Grady, of course, figured his hous' that he would have to sell his hous that is the way of it, and in that tele- gram Grady wired them and told) them he would take $3862.50 for the) stock provided they would take his | house off his hands at $15,000, and) they had figured on the Bank carry-| ing the house for that. By Mr. Waters. | Q. They were figuring a bank was| carrying that as other real estate?) A. Yes, as other real estate. But Grady and I advised them that they had not better do that because we didn't think “hat the department} would stand for it, and that if the department stood for it we didn't think the stockholders would stand for it. So Mr. Olson settled with Mr. Grady personally for the house, So far as the house deal now stands it has no connection with the Bank at all. By Mr. Langer: Q. What inducements were of- ferred to the stockholders, if any, down there to take stock in the American Exchange Bank, do you know? A. They told them they wanted six large Banks in the state. They said they had one at Fargo, and they had one at Grand Forks, and they wanted one at Valley City, Jamestown, Minot and Bismarck. They said they had to have that in order to carry on the business of the Equity Packing Plant at Fargo, and the Equity Co-operative Ex- change at St. Paul; and they told them the reason they wanted such a big capital was because it would have to take care of these two concerns and other in- dustries the State would engage in, and they would get a million dollars of deposits from the State and a million dollars of deposits from the Bank of North Dakota. Q. Say anything about what rate they would get for it? A. They sug- gested the rate. They did not prom- ise any. They said that they would have to loan to the Equity Packing Plant at six per cent, and they could get the state to carry it at five and make one per cent. I think that is all I heard them telling about the cinity. » honest adviser. Yes or No = : Every day business men have to make decisions of considerable weight. This bank is conscientiously interest- ed in the welfare of you, and of every Sie) other good citizen in Bismarck and vi- Consequently, when you have deci- sons to make you will find us ready to confer or advise with you. We have the best interests of our.cus- tomers in mind, and when you bring your business here you will have ‘a strong ally, a staunch friend,: and-an “The Friendly Bank” BISMARCK BANK rate of interest—I did not hear ‘them! making any promises to the farmers as to the rate. Q. Who was doing most of thé talking? A.’ Box did most of the talking because he was there all of the time. Hastings was there only part of the time. . What else did Box say? A. With reference to the Bank? Q. Yes. A. Well, I cannot recollect any- thing particular because he was in the directors room and talked to farmers and gat was their business. 1 did not go in and bother yery much. Q. How long was Box around there? A. Box was there about six or seven days. Q. How long was Mr. Hastings there? A. Hastings wag there about three days, I think. Q. Did you talk to them about the commission they were making? A. I did not say anything about the com- mission they were making. Grady and I talked to Box about the com- mission they were making. Q. What did Box say about it? A. Well, Grady told them he thought they were pulling down a pretty good commission, ‘and Box said, Why, no, he says, the commission don't amount to any- thing in the way it has to be split up, and Grady says how does it have to be split?: And ‘he says it has to be split four ways—put up his fingers like that (indicat- ing)—Hastings one fourth and | get one-fourth and “Lemke and Townley get the other half. Q. He told that to you and Grady, did he? A. Y@s. Q. Now, at the time the farm- ers purchased the National Bank did they know Hastings had bought it at $146,000? A. No, they did not know anything about it at all. I don’t remember any farmer who inquired what ,the deal was. Q. Do you. know were met for this stock? Q. How were they done? were paid by drafts drawn by the American Exchange Bank on the Scandinavian Bank of Fargo and signed by J. J. Hastings as Vice-Pres- ident of the American Exchange Bank. Q. Do you know whether cash was paid or notes given? A. Very little cash paid for the stock sold. Q. Do you know about how much? A. Yes, I could tell you approxi- mately. At that time there was in the neighborhood of 30,000 cash paid out of the 250,000. Q. What about the rest? A. The rest was all notes. Q. Were they put back bank? A. Yes, sir. Q. How long were they in the bank? A. They are still there ex- cepting that has been paid. Mr. Tor- kelson the cashier tells me that they have been reduced down to a sum ‘be- tween $170,000 and $200,000. That is what is left on this, right around $170,000 is what is left of them, I think. Q. There was no stock delivered? A. 1 do not know, I think Torkelson has delivered a good deal of the stock, I think he is holding up the stock of the doubtful ones. Richard Adcock, $5,250, he is good but he is awful slow Fred Beil that is no good. Con- sumers Store, you know as much about that as | do. Q. What is you opinion in regard to the bank being capitalized at $200,- 000. A. It is my opinion that it is twice too much. If they had a bank capitalized at $100,000 and run right they might make a nice dividend for their stockholders, nice paying divi- dend. They cannot pay dividends on a $200,000 investment like they have now. Q. What would you say it cost-him to change from a National bank toa} State Bank? A. Well, it cost them about $4,000 they had to pay including State Guaranty Fund, and they will have to sell their bonds to secure circulation. They are below par now. A last quotation I got on them was from 971% to 98. That would mean $1,000 loss on the United States Bonds for them. There is five thous- and dollars and they would lose the income off from that, $1,000 a year after they are sold, makes $6,000 out of ‘the first year. Q. Do you know how that $15,- ‘026 was arrived at? A. Well, I could possibly give you an idea. I think he figured—i had a copy of the slip he made out—I have not got my figures just right but it is.somewheres arrived at on this basis. The capital of our bank is $50,000, the surplus $50.- 000, the National Bank, you see. Undivided profits, 1 think was $26,000. Undivided Profits Ac- count, $25,426, we will call it; and they raised the building $27,- 750, and charged into interest accrued account, $8,000; made a total debit, you see, $161,176, and out of that they paid us $146,150, leaving a difference thereon the raising of these figures of $15,- 026. By Mr. Waters: Q. Did they pay $8,000 accrued in- terest? ‘A. They only. paid us $146, 150. Q.° That is a phony charge? A. Yes, that is a phony charge. Mr. Waters: I want this to go into the rec- ord, I was called to Fargo. I for- get the date, but it was after this transaction came up, one Satur- day afternoon. I got in‘there on number four, and Mr. Townley and Mr. Lemke got Mr. Hastings over at League Headquarters, and 1 went there and Mr. Hast- ings was ‘trying effect this—in other, words he was trying that the examiner and myself and the Banking. Board were mistaken on this $15,000; that we did not:-have the right viewpoint of ‘it; and he had some ‘figures on an envelope or piece of paper he quoted from to make me believe that I was mistaken.. ‘And I sald, “Jack, ab- solutely no, if I am mistaken, the entire Banking Board is, mistaken and everybody else. Now, if we are mistaken, I am perfectly will- ing to send the examiner back to that: Bank. and have you go with him and show where we are. mis- taken.” And Mr. Townley. said. “Jack, you ‘are lying ‘to: Jim: and you are lying to me. and, every man here, gnd .you have. quoted me a jumble of figures you are quoting to Jim now ‘that Idon’t understand head or tail to, or-any- body ‘understands, Jim,,where can you gét*hold of the first examin- er,” and: T+said, “prefer {o’ get hold 6f:Mr. Halderson.” And ‘he said: -“Can you send him there (Continued on Page Seven.) how demands A. Yes. A, They in the SPECIAL ELECTION Submission of the following propositions: In compliance with Sections 975 and 979 of the Compiled Laws of North Dakota for 1913, I, ‘T. E. Flaherty ,County Auditor of Bur- leigh County, North Dakota do:hereby certify (SEAL) : REFERENDUM OF LEGISLATIVE ENACTMENT STATE PUBLICATION AND PRINTING COMMISGION ‘ t ‘Senate Bill No. 157, Session Lawe 1919 ®ENATE BILL No. 157, An Act. creating a State Publication and Printing ‘Commission; Brsscribing its duties and ‘powers and repealing all acts In conflict herewith, : y Creates State Publication and Printing Commission. Provides that Commission shall be composed of Secretary of State, ‘Commis- sloner of Agriculture-and Labor and Chairman Board of Rallroad Commissioners. Authorizes Commission -to ‘appoint a State Printer..who shall whe secrétary of Commission at a salary of $2,400 per year and requires that ‘he ‘shall be expert printer and resident of the state at least one year. ‘i y Gives Commission power to make all printing contracts for the State. and to designate one penepaper in each county ‘as the official newspaper, in .each county to ‘be the officiat“newspaper in the county until its succeasor Js chosen as provided by Senate Bill No. 158. - Provides that all proceedings of the Board of County Commissioners and all f to be published by County officers shall other notices that are required by law be published in such paper. ; hat all summons, citations, notices, orders or other processes or pee ‘ourt; all publica Also t ceedings in the varfous County, Justice, District or Supreme, D tions of every nature Zequired to.be-made by .State:Officers; ‘all notices of fore- closure on real estate and: chattel mortgages or other liens on real estate or, per. sonal property and all notices of whatsoever kind now or hereafter required to published in any county shall be published ‘in’ the said officiel newspaper. Provides that: towns, “villages or cities ‘that have no ‘official newspaper pans lished there may designate any paper for. the »paUlication ‘of notices and legal publications required to be made by the officers of ‘such town, village or tity. Gives Commigsion power and -makes.it its duty to select one or more legal news- papers for ‘publicatich: of ‘all ‘state legal notices, including ‘reports of corporations; Now ‘required to be published by the Insurance ‘Commissioner, Secretary of State “and sal vides teat “two copies of all designated as legal pape rovides two of .all newspapers designated as legal newspapers under this Act pl Se fied with the Secretary of the Commispion and ‘that :he may ‘furnish ert nna: copy. of any matter in such papers'to any. citizen et a:cost of 10 cants per folio, * ‘Declares It ‘to be the: intent of ‘the law td co-ordinate ‘publication of all legal notices, réports, “étc., ‘ahd to. edonomize in, state printing and to have complete. system of files of ‘legal ‘publications ‘and certain legal newspapers. conflicting law 2 approved ‘by.the Governor March 15, 1919, be ‘approve = REFERENDUM OF LEGISLATIVE ENACTMENT t Board of Administration Senate Bill ‘No, 134, Session Laws 1919 SENATE BILL No. 134, The same being an ect providing for the admiritstra- tion of the penal, charitable and educational institutions, and of the public schools of the state; providing for the management of such institutions by a Board of Administration; providing for ‘its appointment. and defining {ts powers and duties; making aw appropriation; and repealing all Acts and parts of Acts in conflict therewith: Creates a “Board of Administration” for the supervision of all penal, charitable and educational institutions and the public schools, to consist ‘of the State ‘Super- intendent of Public Instruction, the Commissioner of Agriculture and Labor, and three others to be appointed by the Governor for a term of six years, subject to removal for cause. Fixes the bond at $10,000.00 and salary at $3.000:00 of. appointive members, and -reguires them ‘to gtve all their time to the dutles .of the. office. res Authorizes the Board to employ a secret: and other esststants, and to ‘fix the! eomnensation.. determine their qualifications, and remove ‘them ‘when the spublic service demands it. : i Empowers the Board to assume all powers ‘and perform .all duties of the Btate Boaiu cs Buutduun, bUaru Ol degenls Auu Duara vl CoMuL = Powers and duties.of ‘the Superintendent of Public Instruction shall not ‘be abridged. See Section 9, of ‘the law. e Empowers ‘the’ Board to appoint a School Commission consisting of the Super- intendent of Public Instruction, one County Superintendent, one~City Superin- tendent, the High School. Inspector, and one other member, to investigate the kind and cost of brary and text books for use in the public schools, ‘and ‘the question of uniformity of text books, .and printing and-distribution of game by the State, and to make findings and recommendations. to the Board. ‘Requires the Board to appoint an Educational Commission to’ constst ‘of ‘the State Superintendent of Public Instruction, one County Superintendent, one City Superintendent, one representative of Normal Schools and one representative of the ‘University and peeeicaral College, to have charge of certjfication of teachers, standardization of schools, examination for Eighth Grade and ‘High School pupils, and preparation of courses of study. 2 i cM Requires Board to install a system of bookkeeping and auditing of all moneys received and expended. ee Requires the Board to file an annual report with the Governor. ~ ; (Appropeidtes $40,000:00 annually for the purpose.of carrying out of-the Act. Ste x i : Shall Senate ‘Bilt: No. 134, passed by the Sixteenth approved by the Governor March 6, 1919, be approved poeiniatiys Assembly, and REFERENDUM OF LEGISLATIVE ENACTMENT + TAX COMMISSIONER SENATE BILL No. 67, An Act providing for the appointment of a Tax Com- missioner, prescribing his qualifications, powers and duties; fixing his salary and term of office; and repealing Article 4, Cheptier 34, Compiled Laws of North Dakota, 1913, as amended by Chapter ‘202, Laws of North Dakota, 1917, and all other Acts and parts of Acts in conflict herewith. Abolishes resent Tax Commission. Provides for the appointment of a Tax Commissioner for| term of six years, “) .u remuve 14x Commissioner and appoint successor to fill ent, ‘ax Commissioner must possess knowledge of taxation and can- te or the United or inconsistent Specifies tnat ‘IT not hold aay other office under the laws of this or any. other St States. nor engage in any other occupation or business interfe with his duties. Privides for annual salary of $4,000.00. ‘ Provides that Commissioner sliall Have charge of administration of revenue laws, assess all taxes upon express, telegraph, telephone, freight line and car companies, etc. Upon all error one the State Income Tax and all other taxes levied and coliected by the State. Provides that Tax Commissioner, subject to the approval of the Board of Equalization, ‘shall— (A). Have supervision over all assessors and all assessing officers. (B) Give instructions and directions to act as supervisor of assessors. (C) Appoint within each ‘County, subject to approval of County Commissioner a Supervisor of tax assessment. (D) Direct actions and prosecutions to enforce laws relating to penalties, abilities and punishments of public officers, persons and officers or agents of corporations, for failure or negligence to comply with provigions of ‘the statutes ‘governing the making of returns, assessments and taxation of «property or Jncome or other subjects of taxation. eens heh Authority to call on State's Attorney to assist in the commencement end prosecution of actions to enforce tax laws. county or other public officers, ‘to re- Require township, ‘Willage, city, port information as to collection of taxes, expenditure of public funds, etc. (G)" information equire Individuals, assotiattons and corporations ‘to furniah ‘int boncembiy thelr debts, assets, earnings, etc. ‘ (i) e responsible for all income, corporation end other ‘tax returns includ- ing infortiation furnished ‘to the col r of Internal Revenue. - 1) Summon witnesses to give ‘tedtimony ‘relating to any matter which he or the ‘Board of Equalization ‘ave authority to ‘investigate. 2 Bi ‘Cause deposition of witnesses with or without the State to be taken. (K) Require County Auditors to furnish and file complete abstracts of real and ‘personal property as equalized DY: the County Board, together with type- and cause a reassess- written copy of proceedings: of ‘sa! . (L). Appoint ‘a special assessor. and deputies under hi I ment of-real or personal property or other subjects or objects ‘of taxation subject to review by the County Board, ; : ik QM) “Require County Auditors to place omitted property on. the ‘assessment Examine carefully all;complaints of taxable property escaping from taxation, a administration jot 20 days before meeting ‘of with recommendations, (O) Confer with the Goyernor on the subject of taxation an laws thereto. (P) Transmit to the Governor and Legislature, the Legislature, report of taxable .property valuations (Q). Visit personally or. by deputy the ‘several counties -of the State: as often as practicable or, needful for Investigation and supervision “of County Supervisor of ‘Assessments, “Local Assessors, County, and District Boards ‘ of - Equalization and other tax officials, and call meeting each year of all Supervisors and Asses- sors of Income and other taxes than’ General. Property Tax. Expenses of each County Supervisor atttending such meetings to. be paid out-of the County ‘Treasury. (i) Investigate tax systems of othér-States and Countries. Recommend legis- lation to prevent evasign of taxes and for the improvement of the. revenue. sys- tem of the State. The Commission may with the consent of ‘the’ Board | of Equalization visit other States, attend conferences and conventions, or in person confer -with tax officials of other States. Expenses so incurred: while doing so to be paid out of the State Treasury on certification of the Board of ‘Equalization. ($8) Certify all levies, assessments, equallzations or ‘valuations ‘made’ by ‘him or by the Board of Icqualization, ‘not later than 30 days after. same’ has been made or as otherwise provided’ by “law. . e ‘ (t) To contract with individuals-out of the State for furnishing Information leading to. collection of taxes, compensation therefor to be.paid by warrant issued by the Commissioner upon the subdivision of Government. benefited. ° ‘Provides for maintenance of offices in State Capito) Building. “All expenses to be paid in the‘same manner as ‘other state-expenses of deputy,.clerks, experts and assistants while traveling on business of the Commissioner's office ‘to. be pala by the. State providing that total ;amount eo expended does not. exceed «the sum apbroptiated in any one year. Dam ‘ ‘All powers and duties heretofore imposed upon. the North Dakota Tax Com- mission, which Is abolished, are bonferred upon, the Commissioner,. subject ‘to (the supervision of ‘the State Board -of Equalization. * bw oes: % Gives authority to appoint such deputies, experts, clerks or other. asalstants. Salaries and expenses to be audited and paid in the same manner as ‘the salary and expenses of the Commissioner, «provided. the :total expense: for, such: salaries and expenses: shall not exceed: the amount appropriated therefor in any -one :vear. In case of refusal to make returns required:'by Jaw, : or where: Commissioner shall have ground ‘to believe that any ‘person, corporation, com pany Sore joclation has made’ any false or fraudulent jreturns, ‘the Commissioner. is .empo ered éxamine books, reports, documents. or‘accounts. relating: to the pavment of such tax, and to summon witnesses’ and, to compel.the production. of books or records, Jurisdiction algo conferred upon’ District Court. to- compel’ the .attendafice .of witnesses or parties Involved ts roduce: books: and records. gi Provides that any unused: balance of appropriation for year ‘ending July’ let, 1919, for the ‘Tax Commission: shall be available to be expended under, the ‘direc- tlon'of the:'Tax- Commissioner: : Repeals all Acts in confit! Shall Senate Bill’ No. 67, approved by the Governor M: sed-by the Sixteenth Legistative Assembly, and ch 6,° 1919, ‘be’ approved? YES = petitions have been filed as certified to me by the Secretary. of State, the Governor of the State of North Dakota will be submitted ‘to the electors on Thursday, June 26th, 1919. The Polls will open at 9 o’clock A. M.:and-continue open until 9 o’clock P. M. of that day, in all the regular polling places of said County as established by the County Commissioners of said County of Burleigh, N. D. i Witness my hand and official seal this 9th day-of June, 1919. ape: ce "Ss. Shall Senate Bill’No, 167, passed hy the Sixteenth Legislative Assembly, and, the provisions :, that the following is a true and correct. list of the measures against which referendum and which, in compliance with the proclamation, of, His Excellency, T. E, FLAHERTY. _ County ‘Auditor of Burleigh County, N. D, REFERENDUM OF LEGISLATIVE ENACTMENT COMMISSIONER OF IMMIGRATION = House Bill No .123, Session Laws 1919. HOUSE BILL No: 123,' An Act creating the office of the Commissioner ‘ot Frovides for appointment of Commisstorier by the G ‘t two years, ‘salary $3,600.00 per annum. ere ee Requires Commissioner to furnish ‘bond in the sum of $10,000.90. Provides that the Commissioner of Immigration shail advertise resources, ef- vantages: and opportunities as & place of residence for ‘farmers, labores ind rabehanies, for the purpose of bringing settlers, investors ‘and: ‘int to Requires Commissioner to compile statistics and information ‘with ref ‘educetipnal facilities, social conditions, government industries ‘and industriat Reauires Commissioner to advertise and distribute inf , bulletins, pamphlets, correspondence and vadvertisements, Srmeeoe ae meania Ot Provides that Commissioner shall -handle all correspondence pertaining to sub- epta mentioned EA Ashley Act, ane shall: co Operate bi ths ‘United. States eeu st jon as far as (practical, ‘and shal r nrilaration 2s Janeen im ‘and 1 assist immigrants and ‘others to find Provides ‘that Commissioner of Immigration ‘shall maintain offices in the State Capitol Building, employ and fix the salaries of all assistants, fil withithe State Auditing Soar pf ‘ll fan expenaas. 7s n° 2 otatement Provides for an appropriation of 000. Provides for repeal of all acta in ponfict . louse 0. , passe the Sixteenth Legistat! approved by the ‘Governor March 6, 1919, be approved? 9 tive ‘Assembly, ana YES" ‘REFERENDUM OF LEGISLATIVE ENACTMENT INDUSTRIAL COMMISSION. ‘House ‘Bill ‘No. 17, “Session Laws 1919 HOUSE.BILL No. 17, The ‘same being an Act, creating the Indust = . Mission of ‘North Dakota, authorizing it to conduct Bnd iaanage re aa of the State certain utilities, ‘industries, enterprises and ‘butiness pro- fects, ind defining its power and duties, and ‘making ‘an appropriation erefor. i : shRE Creates the ;Industrial Commission of North Dakota to conduct ss certain ullites, ‘mdustries and business projects, | es Snot end. mieDeRY ‘onstitutes the Governor, lorney ‘General and the Commissioner of Aj - ture and Labor, the: Industrial Commission, two of whom shall eeuatitnie quorum, but requires the ‘approval of the Governor of ‘all ‘orders, rulings, -by-taw#, or :contracts before they become ‘effective. : Authorizes the Commission ‘to-employ. pocretaries and other subordinate officers on'‘such terms as it may ‘deem ‘proper; to their bond and compensation, and‘to discharge ‘them: when“in {ts judgment ‘the public. interests may require it. ;, Empowers the Commission to manage, operate, control and govern all utilities industries, enterprises, ‘and business projects undertaken jby the State; except those carried on in the penal. charitable or educational. institutions. @ ae jocate uc enterprises: i E 8 ‘0 purchase, lease or condemn all necessary prapert; sell A to conatruct ‘necessary buildings, ‘and ‘to. equip ah in erty and 3 elt : ene: (c) To appoint a Manager and all necessary subordinate employees of and for each such enterprise; to employ contractors, architects, etc., to define their duties, designate their ‘titles, ‘and fix théir bonds and compensation.’ 3 quire To discharge employees when in its judgment the public ‘interest -re- (e) To fix the prices of things bought and sold, F ; tor serviges rendered, i saree? and fol and the rates ‘and, charges ‘0 :mi ‘ules vant suet : atpnies. nr % sh sie ra Ha the management end operation .of ‘o ‘procure ‘the ‘funds for such enterprises by -1 th ‘State Bond: such amounts as mey be provided ‘by eee be mage sates state epas: mm ne ont aes pidunt invert ations of matters sonnected ita such eoterniions; to on Ice witnesses an 4 “pr material to such ‘investigation. 2 SUerer aCe en ote boom an property (i) To make ‘rulés and regulations ‘for its own procedure. ‘ equires the ‘Commission to . repare’an annual report and ‘file with | ie Bec. retary of State, containing an femized amount of expendit! vand ‘a -@e financial statement of each enterprise. ™ phe aia) = eens Approprlates Two Huntred Thousand Dollars to carry out ‘the provisions of e Act. ‘Shall House Biil:.No, 17, passed by the Sixteenth Legislative Asse: approved by the Governor February BF, “WWios be approved? emonoly ane REFERENDUM OF LEGIGLATIVE ENACTMENT S PS > ¢ JUDICIAL DISTRICTS : ors ‘House Bill No. 124, Session Laws 1919. HOUSE BILL No. 124, Being an Act providing for Judicial Districts, Jui thereof, their compensation and,’method of payment, terms.of Court to held, powers and duties of such Courts and the procedure therein, repealing alt-Acts and parts of Acts in conflict therewith. is Pieviges that tne: torms gt Court to. be held, h County and “loca 4 rovides that the terms of Court :to_be ‘held in each County and ‘location Judge's Chambers shall be fixed by the ‘Supreme Court in such manner that no Judge may have a Circuit within ‘his District and: so that no Judge ‘shail “hold two tonsecutive Jury Terms th any County ‘except in the ‘Coul A ‘Of Cass: oe Fixes manner of clecting, Judges, and:their term of office at Four Years. Provides that present Judges shall ‘be‘retained during their’ term of office, | Provides that ‘Districts having more than one Judge, the longest ‘in ‘con- timed service shall be the presiding Judge. : E $45 Pe Baaulres the Supreme Court to adopt uniform rules of procedure: for the Dis- ict_Courts. A ‘ Provides for Changes of Venue from one Judge to another of same District; ‘or In another District, or from’ one County ‘to another, or from one Districf ito another. P ‘ the Govérnor to appoint an ‘additional Judge for, the, First, Third, Requires and‘ Sixth Districts to hold office ‘until the next Genera: Election. Fixes the salaries of District Judges: at $4,000:00 and actual traveling expenses. Repeals all Acts.and parts of Acts'in conflict therewith. . Shall: House Bill No. 124, passed by the Sixteerith Legistative Assembly, and approved by the Governor March 3, 1919, be approved? v- X58 REFERENDUM OF LEGISLATIVE: ENACTMENT / BANK OF NORTM DAKOTA. £4 House Bill ‘No, 18, Session Lawe 1919 aad : SOUBE BILL ‘No..18, The ame being an’ Act ‘declaring the purpose of ‘t) mC U EE EMonih Dakote to engage inthe Baliking Buttress ahd estaba king under the name of the Bank of North Dakots 6) u ‘@ system of ban! by the State, and defining the scope and manner of its operation, the powers and duties ‘of the persons ‘charged with its »mani ts agement; 3 ing ‘an appropriation therefor; and providing ‘penalties for the victstion of y ceftain provisions thereof. ‘© Creates a: system. of banking-controlled and operated by the State ‘under mane ot the Bap bf Noun Dakota. ‘ a eS tr laces ‘the ink-‘under ‘the ‘supervision: of ‘the. Industrial. Commission @ofines ‘the business ofthe Bank. : B a Authorizes: -the Industrial; Commission to purchase. lenge or. condemn, a requisite. property. . and to construct and repair’ buildings; but .prohibita ft ‘fro investing more tl an ten percent of ‘the-capital of ‘the Bank ;in‘bulldings;:or ‘As- lures for. office pirposes. -. S ? e yeaeiene We ea REE _".: Authorizes’ the: Commission to employ a. manager and subordinate ‘officers, ape ‘such ‘contractors, ‘architects and “other agents. as in-its' judgment the: inter of ‘the State ‘may require; and to define thetr duties, ‘designate their ‘titles ‘and ;fix their ‘bonts:.and .cot gations. of “ 4 4 _ Authorizes. theCommission to discharge such employees whenever ‘In ‘its ‘judy- iment Oey ublic interests ‘require it. ‘ fet : Gio , Authorizes ‘the Bank to: transact ‘business Whenever bonds inthe sum ‘of Miiiton ‘‘Dollars~shall be delivered: to: the Commision; :the fund procured. bythe gale-of such bonds to be’ known as the Capital of ‘the Bank. ini ‘ t. Requires, all State, County, ‘Township, ‘Municipal ‘and. School District Funds, and funds -of all: perial,’ educational and industrial. imstitutions and all other publio ids‘to. be deposited,in the Bank »within ‘three months: from ‘the approval of the * a violation of ;this provision a misdemeanor, punishable, by fine ates nd ‘ % a ”.xempts: from. Mability for loss, official ‘depositing public funds in sald Bank, andthe ‘sureties on: his ‘bond. ops z ‘Authorizes the Bank to receive deposits’ from any source, and: authorizes ‘funi to be deposited to the credit of. the Bank ‘in/any other ‘bank provided ‘by.'‘the Com "Guarantees all deposits -in:the Bank; -and.exempts them from: taxation. ‘Authorizes. the. Commission: to fix rates of: interest’ allowed:.and -rectived and to fix ‘charges for:sérvites: rendered by the Bank, ihre Ar mMSN Se te . \Authoriges ‘the ‘Bank to transfer funds to-other departments, institutions, utit- “fies; enterprises and all industries of the State; to make -loans.to political. sub- divisions, thereof,‘ or to:State or’ National Banks, :and to. make: mortgage loans’0n - yeal-egtate, in! amounts not to exceed one-half its ‘valle, -or on“ watehouss: receipts not to exceed ‘ninety per cent’ of the’ value ‘of ‘the commodities evidenced. thefel but:prohibits it ‘from‘loaning-on real estate security more than: thirty’ per cent of Jt seapital’nor,::in addition; thereto, more: than twenty. per: cent “of, its “deposits.7 °- ‘Authorizes: the: Commission‘ to prescribe ‘the ‘form. of. application :for:;mortgage loan; ind: provides. for appraisal of: real estate. se iS i % ‘ires the realestate loans.to be secured -by recorded-first -mortgages -of Yeal<estate; within ‘the State,; an Requires, the “mortgage. to..contain. yn for, tepayment ; on ansamprtiaadion ” pl is - Rae 4 + “‘Authoriges ‘the Industrial Commission. to .extend all ‘payments under ‘any. real estate mortgage ‘for ‘ore: year’ In: cage of \crop failure. PLARe * re. oe Pe rheoey acpamisslon. to:asaign such! mortgage .to the.State Treasurer y. for -bond;issues. we * Hg * ‘ yer wT HUEY Joo-clviltactigns against ‘the State on: account of causes of action aiis- ‘Ang ‘out. of ‘transactions ‘connected with the operation: of the Bank. 9 0.00... ‘Requires“thie ‘State: Examiner’ to ins gtatne Bak “least twice Spear sent ‘reportthe regults thereof >to the: Commission :an tive As- ~ Appropriates ‘One ‘Hundred ‘Thousand ; Dollars" Ty out ‘the. provistons. of ‘the‘Act. 4 © Shall House Bill, No: 18, é passed approved’ by the Governor Fel ruary -by the Sixteenth: Legisiative Ausembly, and ee, 1919," be approved?. i Be