paid out. State Treas urer to open way Com Notice, how served, what to contain. State and by a county good roads district or township, which is to be paid by such county good roads district or township, shall be deposited with the State Treasurer. When so Money, how deposited the money shall be credited to the specific road credited and project and shall be paid out only for the purposes thereof on the order of the State Highway Commissioner as the work of construction, improvement or maintenance proceeds. The State Treasurer is hereby authorized and required to open accounts. such accounts with good roads districts and townships as may be necessary for the carrying out of the purposes hereof. SEC. 5. If any county, good roads district or township State Highshall refuse or neglect to carry out the terms of any contract missioner may entered into with the State Highway Commissioner for the give notice. construction, improvement or maintenance of any State trunk line highway, or shall neglect or refuse to enter into any agreement or to pay its proper and due share of the cost thereof, the State Highway Commissioner may give notice to the board of county road commissioners, the board of commissioners of the good roads district, or the township board, as the case may be, that it is his intention to proceed with the work of constructing, improving or maintaining any designated portion of trunk line highway within such county, good roads district or township, as the case may be. Said notice shall be served personally or by registered mail and shall particularly specify the trunk line highways to be constructed, improved or maintained and shall indicate the character of the road to be built or the improvement or maintenance that in the opinion of the State Highway Commissioner is necessary and proper. Said notice shall also contain an estimated cost of the work in accordance with the plans and specifications under which the State Highway Commissioner proposes to proceed. On receipt of such notice the On receipt of county board of road commissioners, or the board of commissioners of the good roads district shall submit the same to the board of supervisors of the county at the next ensuing regular session thereof. The said board of supervisors shall authorize and direct the spreading of the highway tax within the county or good roads district, as the case may be, for the purpose of meeting the portion of the expense chargeable to such county or good roads district. The township board shall cause said notice to be called to the attention of the electors of the township at the next annual meeting thereof. The State Highway Commissioner may at his option await the raising of funds by the county good roads district or the township or he may proceed with the work of construction, improvement or maintenance, defraying the cost thereof out of any moneys in the State highway fund not otherwise appropriated. If the latter alternative is followed the amount subsequently paid by the county good roads district or township shall be, on the order of the State Highway Commissioner, placed to the credit of the State highway fund to reimburse notice. Spreading of expense. tax to meet Cost, how defrayed. Proviso. State reward withheld. the same for moneys expended therefrom on account of the county good roads district or township: Provided, That if the portion of the expense in construction, improvement or maintenance hereunder that is chargeable to any county, good roads district or township, is not paid within one year after the service of notice by the State Highway Commissioner, interest thereon at the rate of five per cent per annum from the time of said notice shall be due and payable, and shall be included in the total amount to be collected in such county, good roads district or township and paid over to the State. If any county, good roads district or township shall neglect or refuse to raise the proportion of expense chargeable to it under the provisions of the preceding section, or under the terms of any contract entered into with the State Highway Commissioner, all State reward moneys that may be earned by or be payable to such county, good roads district or township shall be withheld by the State Highway Commissioner so long as the delinquency continues: Provided, That counties, good roads districts or townships may contract with the State Highway Commissioner for the payment of their respective portions of any construction, improvement, or maintenance work hereunder on the installment plan, subject to the condition that the amount to be paid over in each year shall not be less than one mill on the assessed valuation of such county, township or district Deferred pay- according to the roll of the last preceding year. All deferred payments shall draw interest at the rate of five per cent per annum from and after the completion of the work of construction, maintenance or improvement as shown by the certificate of the State Highway Commissioner. Proviso, may contract for payment. ments to draw interest. In case of re funds. SEC. 7. If the electors of any township at the annual fusal to vote meeting thereof refuse or neglect to vote the necessary funds to pay any charge against said township under the provisions hereof, it shall be the duty of the township board notwithstanding such neglect and refusal to order the spreading and collection of such tax as may be necessary. If any township, or board of supervisors of any county neglects or refuses to perform any duty hereby imposed, an action of mandamus may be instituted by the Attorney General on the relation of the State Highway Commissioner to compel compliance herewith. Attorney Gen eral to insti tute action of mandamus. Patrol maintenance. Payment withheld in case of neglect, etc. SEC. 8. The boards of county road commissioners, the boards of commissioners of good roads districts and township boards are hereby authorized and required to provide for a system of proper patrol maintenance of trunk line highways subject to their jurisdiction, which system shall be subject to the approval of the State Highway Commissioner. Refusal or neglect to establish or maintain such system shall authorize the State Highway Commissioner, in his discretion, to withhold the payment of any State reward money that may be due or payable to any county or township delinquent here under. Any board aforesaid is hereby authorized to contract Authority to with the State Highway Commissioner for the carrying on contract. of necessary maintenance work and for the payment of the proportion of the cost thereof that is chargeable against the county good roads district or township. It shall be the duty Duty of State of the State Highway Commissioner to see that all trunk line Highway highways are properly maintained in suitable condition for public travel. Commissioner. How may con tract at price below lowest bid. SEC. 9. Any county, good roads district or township that has raised money for the construction, maintenance or improvement of any trunk line highway under the provisions of this act, may, by its board of county road commissioners, board of good roads commissioners, or township board, as the case may be, contract with the State Highway Commissioner at any price below that of the lowest responsible bidder for the contract for the doing of the work and may perform the same Supervision under the direction and supervision of the State Highway Commissioner. of work. removal, etc. signs. SEC. 10. It shall be the duty of the State Highway Com- Signs and missioner to cause all State trunk line highway routes to be guide-posts. distinctly marked by signs and guide posts of a uniform design as may be deemed necessary for the public convenience and necessity. Any person who shall remove, deface, injure Penalty for or destroy any such sign or guide post, or who shall place along any such highway any marker, guide or warning sign without the approval of the State Highway Commissioner shall be deemed guilty of a misdemeanor and shall upon conviction be liable to a fine of not more than one hundred dollars, or be imprisoned in the county jail not exceeding thirty days, or to both such fine and imprisonment in the discretion of the court. The State Highway Commissioner shall cause to Unauthorized be removed all signs, markers or guide posts that have not been duly authorized. Any person causing such markers, Penalty. signs or guide posts to be unlawfully placed along a State trunk line highway, or who injures, defaces or removes any sign, marker or guide post properly placed by the State Highway Commissioner, or with his approval, shall be liable for the expenses occasioned by such unlawful or improper act. An action of assumpsit to recover such expense may be Action to brought by the State Highway Commissioner in any court of competent jurisdiction; and any moneys recovered shall be paid into the treasury of the State and shall be there credited to the State highway funds. The cost of placing suitable Cost of signs, markers, signs and guide posts hereunder shall be deemed to be a part of the construction, improvement and maintenance of the road and shall be paid for accordingly. This act is ordered to take immediate effect. Approved March 18, 1919. recover. etc. proceeds. [No. 20.] AN ACT to provide for the sale of the property of the Central Michigan Sanatorium, for the disposition of the proceeds thereof, and for the repeal of act number three hundred forty-eight of the Public Acts of nineteen hundred thirteen, entitled "An act to establish a State sanatorium in the township of Jerome, county of Midland, State of Michigan, to be known as the Central Michigan Sanatorium for the care and treatment of persons having tuberculosis, and making appropriations therefor, and to provide a tax to meet the same," same being sections one thousand six hundred forty-four to one thousand six hundred sixty-six, inclusive, of the Compiled Laws of nineteen hundred fifteen. The People of the State of Michigan enact: Authority for SECTION 1. As soon as may be after the taking effect of sale of prop- this act, it shall be the duty of the board of trustees of the erty, etc. State Sanatorium at Howell to sell on the best terms obtainable all of the property and effects of the Central Michigan Disposition of Sanatorium. The proceeds thereof shall be paid into the general fund of the treasury of the State, and the said board shall make a full and detailed report to the Governor of the State covering the said sale: Provided, That any property, turn of dona whether real or personal, donated to the said board of trustees for the use and benefit of the Central Michigan Sanatorium shall be by said board returned to the donors within ten days after this act shall take effect. The said board is authorized and empowered to execute any deed of real property or such other conveyance as may be proper for the purposes hereof. Proviso, reted property. Execution of deeds, etc. Act repealed. Transfer of funds. SEC. 2. Act number three hundred forty-eight of the Public Acts of nineteen hundred thirteen, entitled "An act to establish a State sanatorium in the township of Jerome, county of Midland, State of Michigan, to be known as the Central Michigan Sanatorium for the care and treatment of persons having tuberculosis, and making appropriations therefor, and to provide a tax to meet the same," same being sections one thousand six hundred forty-four to one thousand six hundred sixty-six, inclusive, of the Compiled Laws of nineteen hundred fifteen, is hereby repealed. Any money or moneys remaining in the fund or funds appropriated by said act are hereby directed to be transferred to the general fund in the treasury of the State. Approved March 18, 1919. [No. 21.] AN ACT to amend section thirty-two of act number two hundred five of the Public Acts of eighteen hundred eightyseven, entitled "An act to revise the laws authorizing the business of banking and to establish a banking department for the supervision of such business," as amended, being compilers' section eight thousand two of the Compiled Laws of nineteen hundred fifteen. The People of the State of Michigan enact: SECTION 1. Section thirty-two of act number two hundred Section five of the Public Acts of eighteen hundred eighty-seven, amended. entitled "An act to revise the laws authorizing the business of banking and to establish a banking department for the supervision of such business," as amended, being compilers' section eight thousand two of the Compiled Laws of nineteen hundred fifteen, is hereby amended to read as follows: binding. tal savings, viso, temporary loans. SEC. 32. All certificates or evidence of deposit made by Evidence of the proper officers of any bank shall be as effectual to bind the deposit, bank as if made under the common seal thereof; but said bank shall not issue any bill, note, or certificate intended to circulate as money, and no such bank shall issue post notes. No Pledging of bank or bank officer shall give preference to any depositor or assets, illegal. creditor by pledging the assets of the bank as collateral security: Provided, That any bank may pledge qualified assets of Proviso, posthe bank for the purpose of becoming a depository for postal etc. savings or other government funds under the laws of the United States, or for the purpose of becoming a depository for surplus funds belonging to the State of Michigan; but no bank transacting a savings business shall pledge mortgages or bonds which represent any portion of the investments of its savings deposits: Provided further, That any bank may Further proborrow money for temporary purposes, and may pledge assets of the bank not exceeding fifty per cent in excess of the amount borrowed as collateral security therefor: Provided Further profurther, That whenever it shall appear that a bank is bor- re-loaning. rowing habitually for the purpose of reloaning, the Commissioner of the Banking Department may require such bank to pay off such borrowed money. Nothing herein contained Rediscountshall prevent any bank from re-discounting in good faith and endorsing any of its negotiable notes. It shall be unlawful for any bank to issue its certificate of deposit for the purpose of borrowing money. Neither shall any bank make partial payments upon certificates of deposit. In no case shall an overdraft of more than ninety days' standing be allowed as an Overdrafts. asset of the bank. No bank shall permit its president, its vice-president, its cashier, or any of its directors, clerks, tellers, bookkeepers, or other persons in its employ, to become viso, habitual ing. Overdrawn officers, etc. account of |