Term of office. SEC. 9. The term of office of said gaugers shall be four years. This act to take effect from and after its passage. S. P. HENRY, To amend and re-enact section nine (9) and paragraph one (1) of section thirteen (13) of act No. six (6) of 1881, entitled: An act creating a printing board and defining its duties; relative to the State printing, to the official journal of the State; to regulate and define the prices of public printing, and to prescribe the manner in which the same shall be done, directing the manner and price at which contracts shall be made by police juries and municipal corporations, for public printing; providing for the binding and distribution of all public documents, and furnishing stationery for all the departments of the government of the State; and repealing all laws or parts of laws in conflict herewith. SECTION 1. Be it enacted, That section nine (9) of the above enSection 9, para- titled act be amended and re-enacted so as to read as follows: That graph 1, of Section the State printer shall furnish and have ready for delivery the journals of both houses of the General Assembly within sixty days from the time when copies of the same shall have been delivered to him by the Secretary of State, under the penalty of forfeiting and paying the sum of thirty dollars for each and every day he shall be in default after the expiration of the time. The Secretary of State shall forward a copy of the acts of each session of the General Assembly to each clerk of court and justice Additional provi- of the peace, for the use of their respective courts; to each ing copies of the member of the Legislature one copy of the Journal of both acts of each session. Houses, and a copy of the acts passed by the General Assembly of which he was a member, and also to the Secretary of State of each State and Territory in the United States; to the Attorney General and Secretary of State of the United States; to the Librarian of the Supreme Court of the United States, and to the Librarian of the Congress of the United States. 13 of Act No. 6 of 1881, amended. sions as to furnish is to be done. SEC. 2. Be it further enacted, etc., That section thirteen (13) How the printing of the above entitled act be amended and re-enacted so as to read as follows: That all printing for the State or for any department of the State herein provided for, shall be performed by the State printer, or the proper contractor, who shall execute the same according to the specifications, and at prices not exceeding those set down in the following paragraphs: How the laws Amendment; the be delivered, and in prices; disposition balance. Paragraph 1. The laws shall be published in book form, in the English language, and in pamphlet form in the French shall be published. language, with a list of the acts, the date of their promulga. tion and an index thereto. They shall be printed upon good, strong, book printing paper, sized and calendered, in long primer type, solid, each page twenty-four ems pica in width, and forty-seven in length, including the running title and white lines under it and foot lines, with marginal notes in nonpariel, five ems pica in width, to be added thereto, the same to be stitched and covered with colored paper, and one thousand copies thereof shall be delivered to the Secretary of State number of copies to within thirty days after the adjournment of the General what time; at what Assembly, for which there shall be allowed not more than three of the acts, and sale dollars per page for the first five hundred copies; not more of the undisposed than twenty-five cents per page for one hundred copies or fraction thereof in excess of five hundred copies. The Secretary of State shall retain in his office whatever number of copies that may be left after forwarding the copies to the members of the Legislature and officials designated in section 9, is authorized to dispose of the remainder at a price not to exceed twenty per cent advance on the original first cost of the book, the disposal to be made by the Secretary of State in such a manner as to secure the sale of the said books at reasonable rates to the public, the secretary to keep a detailed account of the sale as aforesaid and pay the proceeds thereof into the State treasury, the same to be placed to the credit of the printing account, the printing board herein above provided for, may if they deem it best for speedy and economical printing of the laws, as above provided, contract therefor, after advertising for and receiving sealed proposals in the manner required by this act, with some other book and job printer, provided no contract shall be made at a cost to exceed the price herein above fixed, and provided the State printer shall fail or neglect to furnish the printed copies required by this act within thirty days after the original shall have been placed in his hands. SEC. 3. Be it further enacted, etc., That all laws or parts of laws in conflict to, or inconsistent with the provisious of this act, be and the same are hereby repealed. S. P. HENRY, Speaker of the House of Representatives. JAMES JEFFRIES, Lieutenant-Governor and President of the Senate. Approved July 12, 1888. FRANCIS T. NICHOLLS, A true copy from the original: Jos. GEBELIN, Assistant Secretary of State. Repealing clause. Requiring fire insurance companies to refund premiums exacted on the difference between amounts for which real property is assessed and the amounts adjudged due in case of total loss by fire, together with legal interest on such premiums from date of their payment. Be it enacted by the General Assembly of the State of Louisiana, Fire insurance That fire insurance companies doing business in the State shall companies required refund to the insured all premiums collected on the difference to refund premiums exacted in certain between the values of the real property fixed in the policy of insurance and agreed to be paid and the amount of the judgment rendered against said company in case of total loss by fire, together with legal interest on such premiums from date of their payment. cases. To amend and re-enact section 3 of act of March 15th, 1855, entitled an act to essablish a general system of free banking in the State of Louisiana. SECTION 1. Be it enacted by the General Assembly of the State Section 3 of Act of Louisiana, That section 3, of act of March 15, 1855, entitled of March 15, 1855, an act to establish a general system of free banking in the State of Louisiana, be amended and re-enacted so as to read as follows: amended. More than five That any person or persons, more than five, associating themassociated persons selves for the purpase of banking, may constitute themselves banking corpora- a corporation with power and authority: may constitute a tion. tion. First. To have and enjoy succession by a corporate name, Powers and dura- to be selected by themselves, for a period that shall be expressed tion of the corpora and limited in the articles of association, not exceeding ninetynine years, and by that corporate name to sue and be sued, plead and be impleaded, appear, answer and prosecute, in any and all courts of justice and elsewhere. Further powers, sions as to real es tate. Second. To hold, receive, purchase and convey, by and under their corporate name, such property, real and personal, as may and special provi: be indispensable to the objects of the association. The real estate which such corporation may lawfully purchase, hold and convey, shall be first, such as may be necessary for the proper transaction of their business; secondly, such as shall have been mortgaged to them in good faith as security for loans; thirdly, such as shall be conveyed to them in satisfaction, for debts previously contracted, bona fide in the course of their business, and fourthly, such as they may purchase at sale under judg ments or mortgages held by themselves, or in which they may have an interest, by being subrogated to rights, according to article twenty-one hundred and fifty-seven of the Civil Code, but they shall not have power to hold any real estate acquired in any way, except such as may be held as agent or trustee, or acquired for the transaction of their business for a longer time than five years. Third. To make and use a corporate seal to be described in the articles of association. Use of a seal. rectors and mana Fourth. To name and appoint such managers and directors Appointment and to administer the affairs of the corporation as they may think compensation of dinecessary and proper, the number and style of such directors or gers. managers being described in the articles of association, and to fix the compensation of all persons in their employment. All the managers and directors shall be citizens of the State of Louisiana. Fifth. To make and ordain such by-laws for the proper management of the affairs of the corporation as may be necessary and proper, and in conformity with the provisions of law, the articles of association and such by-laws to repeal, alter and annul at pleasure. Necessary by laws. Special provisions as to savings, safe deposit and trust Sixth. Savings, safe deposit and trust banks without power to issue bank notes may be organized under this law, with a capital of one hundred thousand dollars ($100,000) or more, and banks. are hereby authorized to accept and execute trusts of any and every description which may be committed or transferred with their consent to them by any person or persons whomsoever, bodies corporate or public, or by any court in the State of Louisiana, or of the United States, or of any one of the United States, and in all cases where application shall be made to any court for the appointment of any receiver, trustee or assignee, it shall and may be lawful for such court, if it shall think fit, to appoint any savings, safe deposit and trust bank of this State, with their assent, such receiver, trustee, assignee and the accounts of said banks, as such receiver, trustee, assignee, shall be regularly settled and adjusted before the tribunal; and upon such settlement and adjustment, all proper legal and customary charges, costs and expenses shall be allowed to said bank for their care and management of the trusts and estates aforesaid; and the said banks, as such receiver, trustee, assignee, shall be subject to all orders or decrees made by the proper tribunal under the laws of this State. when acting as re aries. Seventh. That when any court shall appoint said bank as Capital stock sereceiver, trustee, assignee, or shall order the deposit of money curity for aid banks or other valuables of any kind with said bank, the capital stock ceivers, trustees, asas paid in shall be taken and considered as security required by signees and depositlaw for the faithful performance of their duties; provided, the said court shall not deem it necessary to require further security, and shall be absolutely liable in case of any default whatever. tions. The court, if it deem necessary, may from time to time require Courts may readditional security, and may appoint suitable persons to investi- quire additional security and order gate the affairs and management of said bank, who shall report special investigato such court the manner in which such investments are made and the security afforded to those by or from whom its engagements are held, and the expenses of such investigations shall be defrayed by said bank, or the court may, if deemed necessary, examine the officers of said bank under oath or affirmation, as to the security aforesaid. Any officer or clerk or agent appropriation. Penalties for mis- of the corporation, who sball appropriate to his own use, or to the use of others, any money, funds or effects of any kind whatsoever, shall be deemed guilty of felony, and on conviction thereof, shall be punished by imprisonment in the penitentiary at hard labor for a term of not less than one year nor more than ten years at the discretion of any court of competent jurisdiction. by married women Eighth. Money or other property deposited in said bank by Money, deposited married women or minors themselves, may be drawn out by or minors may be them upon their own order or signature without other authordrawn out by them ization. That any trustee, or public officers, having control of upon their order. any bonds, stocks, moneys or other valuables, belonging to others, shall be and is hereby authorized to deposit the same for safe keeping with said bank, and this amendment shall be in force from the day of its passage and promulgation. S. P. HENRY, Speaker of the House of Representatives. Lieutenant-Governor and President of the Senate. Approved July 12, 1888, FRANCIS T. NICHOLLS, Governor of the State of Louisiana. A true copy from the original : Assistant Secretary of State. tions and companies Defining and declaring homestead, or building associations, societies and companies, corporations for the promotion of public utility and advantage. Whereas, Homestead and building associations, societies and companies, as now established in this State, are corporations promoting works of great public utility and advantage. SECTION 1. Be it enacted by the General Assembly of the State of Homestead and Louisiana, That the terms "public utility and advantage," in building associa the Revised Statutes, section (683) six hundred and eighty-three, included in the term and in all laws amendatory thereof, be held to include in their "public utility and advantage," of the meaning the objects and purposes of homestead, or building Revised Statutes. associations, societies and companies as now established in this States. |