Interest. Interest, how computed and paid. Accounts of funds. Bonds of depositories. sponsible standing, the amounts of moneys in his hands belonging to the several current funds of the county treasury. Any such bank located in the county may apply for the privilege of keeping such funds, upon the following conditions: All such deposits shall be subject to payment when demanded by the county treasurer on his check and by all banks receiving and holding such deposits as aforesaid, and such banks shall be required to pay to the county, for the privilege of keeping such deposits, interest amounting to not less than three per cent per annum upon the amounts so deposited, as hereinafter provided, and subject also to such regulations as are imposed by law and the rules adopted by the county treasurer for holding and receiving such deposits. SEC. 7. The amount to be paid by any and all banks under the provisions of this act for the privilege of keeping public funds on deposit shall be computed on the average daily balance of the public moneys kept on deposit therewith, and shall be paid and credited to the county on the first day of January, April, July, and October of each and every year; and the treasurer shall require every such depository to keep separate accounts of such several funds of the county as may be deposited, showing the name of each fund to which the same belongs; and the amounts and sums paid to the county for the privilege of keeping the same on deposit as aforesaid, and to each of said funds respectively, shall be credited directly to the account of the fund or funds so held on deposit, in proportion to the amount of such funds so held. SEC. 8. For the security of the funds so deposited under the provisions of this act the county treasurer shall require all such depositories to give bonds for safe keeping and payment of such deposits and the accretions thereof, which bond shall run to the people of the county and approved by the county board, and conditioned on that depository shall, at the end of each and every month, render to the treasurer a statement, in duplicate, showing the several daily balances and the amounts of money of the county held by it during the month, and the amount of the accretions thereof, and how credited, separately, and for the payment of the said deposit and the accretions accruing thereon, as herein before provided, when demanded by the county treasurer on his check at any time, and generally to do and perform whatever may be required by the provisions of this act, and a faithful discharge of trust reposed in such repository. The said bond shall in substance be similar to that in section three. deposit. The treasurer shall not have on deposit in any Amount of bank, at any time, more than one-half of the amount of said bond; said bonds shall be de- Custody of posited by the county clerk. bouds. county SEC. 9. The making of profit, directly or indi-Unlawful use rectly, by the county treasurer out of any money treasurer. in the county treasury belonging to the county, the custody of which the treasurer is charged with, by loaning, or depositing, or otherwise using or deposing the same in any manner, or the removal by the county treasurer, or by his consent, of such money, or a part thereof, out of the vault of the treasurer's department, or any legal repository of the same, except for the payment of warrants, legally drawn, or for the purpose of depositing the same Failure or refusal of county treasurer to perform duty. Exception. Liability of treasurer. in the banks selected as depositories under the provisions of this act, shall be deemed guilty of felony, and upon conviction thereof shall be subject to punishment in the state penitentiary for the term of not more than two years, or a fine not exceeding five thousand ($5,000) dollars, and shall also be liable under and upon his official bond for all profits realized from such unlawful using of such funds. And it is hereby made the duty of the county treasurer to use all reasonable and proper means to secure to the county the best terms for the depositing of the money belonging to the county, consistent with the safe keeping and prompt payment of the funds of the county when demanded. SEC. 10. If the county treasurer shall willfully fail or refuse at any time to do or perform any act required of him by this act, he shall be guilty of a misdemeanor and subject to indictment therefor, and upon conviction thereof he shall be sentenced to pay a fine of not exceeding five thousand ($5,000) dollars; and it shall be the duty of the county attorney to enter and prosecute to final determination all suits for the recovery of any penalty arising under the conditions of any bond required to be given by the provisions of this act; Provided, That this act shall not apply and be in force until the expiration of the present term of the state treasurer, and the expiration of the present term of the several county treasurers of the state. SEC. 11. Provided further, That no treasurer shall be liable on his bond for money on deposit in bank, under and by direction of the proper legal authority, if said bank has given bond. SEC. 12. All acts and parts of acts inconsistent Repealing with this act be and are hereby repealed. Approved April 8, 1891. CHAPTER 51. [House Roll No. 260.] AN ACT to amend section fourteen (14) of chapter eighty-seven (87 of the Compiled Statutes of Nebraska for 1889, entitled "State University." Be it enacted by the Legislature of the State of 14, chap. 87, 1889. Admission of students to state univer SECTION 1. That section fourteen (14) of chap- Amending sec. ter eighty-seven (87) of the Compiled Statutes of mp. Stats., Nebraska for 1889, entitled "State University" be and the same is hereby amended to read as follows: Section 14. All persons residing within this state, and who shall fill the requirements of the sity. preceding section, may be admitted to any organized college of the university, and students entering the college of literature, science, and art, or the industrial college shall not be required to pay any other tuition fee than the matriculation fee during the term of four years. All other students in these colleges, and all who elect to remain under instruction for a longer term than four years, shall be required to pay such fees as the board of regents may determine. Students may be admitted to the colleges of law, medicine, and fine arts upon such terms and be required to pay such tuition and fees as the board of regents may determine. Persons not residents of this state may be admitted to the privileges of the university in any Repealing clause. college or department thereof, if otherwise qualified, upon such terms as to the payment of tuition and other fees, in addition to a matriculation fee, as the board of regents may prescribe. SEC. 2. That section fourteen (14) of chapter eighty-seven (87) of the Compiled Statutes of the state of Nebraska of 1889, entitled "State University," as heretofore existing be and the same is hereby repealed. AN ACT assenting, on behalf of the state of Nebraska, to the granta, purposes, terms, and conditions of an act of the congress of the United States, approved August 30, 1890, entitled "An act to apply a portion of the proceeds of the public lands to the more complete endowment and support of the colleges for the benefit of agriculture and the mechanic arts established under the provisions of an act of congress approved July 2, 1862," and to carry into effect the said act of congress in the state of Nebraska. WHEREAS, By an act of the congress of the United States, approved August 30, 1890, there is appropriated to this state, for the use and benefit and the more complete endowment and support of the educational institution therein described, the sum of fifteen thousand ($15,000) dollars for the year ending June 30, 1890, sixteen thousand ($16,000) dollars for the year ending June 30, 1891, and so on until the sum of twenty-five thousand ($25,000) dollars is reached, at which last named amount said congressional appropriation is thereafter to remain fixed annually; and |