reported to the satisfaction of the Fire Marshal, and in addition thereto, mileage at the rate of fifteen cents per mile for each mile traveled to the place of the fire. Any city, town, village or parish officer mentioned in Section 2 of this Act, who neglects or refuses to comply with any of the requirements of this act shall be guilty of a misdemeanor and on conviction be punished by a fine of not less than $25.00 nor more than $200.00.

Expenses Tax on Premises.

3162. [Sec. 7.] The Fire Marshal shall be authorized to appoint deputies, counsel, detectives and all officers he deems necessary in the performance of the duties imposed upon him by the provisions of this act, and any expenses incurred by the Fire Marshal in the performance of said duties, shall be defrayed by the Fire Insurance Companies doing business in this State, and a tax of one-half (2) of one (1) per centum on the gross annual premium receipts, less return premiums of all such companies, is hereby levied for this purpose to be paid by them to the tax collector when paying their annual licenses; the tax collector shall refuse to issue license to any fire insurance company failing or refusing to pay said Fire Marshal tax. The sum so collected by him shall be paid into the State Treasury in the same manner as other funds collected by him, and to be warranted for by the Fire Marshal, for his salary and other expenses incurred in the discharge of the duties of his office as provided by this act. The salary of said Fire Marshal is hereby fixed at three thousand dollars per annum, and it is hereby made the duty of the said Fire Marshal to keep a separate account of all moneys received and disbursed under the provisions of this act and shall include same in his annual report.

Annual Report.

3163. [Sec. 8.] The Fire Marshal shall submit annually to the Governor as early as consistent with full and accurate preparation and not later than the first day of May, a detailed report of his official actions under this act.

FISCAL AGENCIES.

Deposits to Be Made Daily With Fiscal Agents.

3164. [Sec. 1, Act 205, 1912, p. 415.] After the expiration of existing contracts, all funds of the State of Louisiana

and of all parishes and municipalities thereof and of all public boards, commissions and bodies created by or under the authority of the State or of any parish or municipality thereof, shall be deposited daily, whenever practicable, in the fiscal agency or agencies hereinafter provided for, upon the terms and conditions and in the manner hereinafter set forth. Such deposits shall be made. in the name of the State or of the parish, municipality, board, commission or body authorized by law to have the custody of and control over the disbursements of the same.

What Banks Fiscal Agents.

3165. [Sec. 2.] The fiscal agency or agencies with whom such funds shall be deposited shall be such bank or banks organized under the laws of the State of Louisiana or of the United States and domiciled in this State, as may be selected by the Board of Liquidation or by the proper authority of the parish, municipality, commission or other body created by or under authority of the State or of any parish or municipality thereof, as the case may be; such bank or banks so selected to give security for the safe-keeping and payment of such deposits and to pay interest and perform other services for the State of Louisiana as and in the manner hereinafter provided.

How State Treasury Shall Let Funds.

3166. [Sec. 3.] (1) All funds belonging to or received in behalf of the State of Louisiana by the State Treasury shall be deposited by the Board of Liquidation of the State Debt onehalf thereof in one or more banks in the City of New Orleans, and the remainder in one or more banks in each of the Congressional Districts in the State exclusive of the first and second districts, provided, that there shall be as near as practicable an equal amount deposited in each district, which banks shall be the fiscal agents of the State of Louisiana and are hereinafter referred to as such.

Funds of Tax Collector.

(2) All funds belonging to the State received by and in the hands of sheriffs and tax collectors, pending their transmission to the State Treasurer, shall be deposited by the receiving officer daily, whenever practicable, with the bank or banks domiciled in the parish where said funds are collected, which shall have been selected in the manner hereinafter provided, as the fiscal agency or agencies, either of the State or of the particular parish.

When such funds have been collected in parishes in which no banks are domiciled, the same shall be deposited, in accordance with the provisions of this act, in a bank which shall have been selected as the fiscal agent of the State, located in the parish nearest to the one in which such funds have been collected. When such funds thus deposited are transferred by the sheriff and tax collectors to the State Treasury, the bank or banks in which the same shall have been deposited shall make the transfer in currency or in New Orleans exchange without charge.

Funds of Parish School Board, Municipality, etc.

(3) All funds belonging to or received by any parish, municipality, school board, drainage or sub-drainage district, public board, commission or body created by special or general act of the General Assembly of the State of Louisiana, not required under existing laws to be held in the custody or possession of the State Treasurer, shall be deposited by the police jury, municipal council, commissioners, or other proper authority, as the case may be, in such bank or banks in the State of Louisiana as shall have been selected, in the manner hereinafter provided, as the fiscal agency of the depositing authority, preferably in one or more banks located within the parish or municipality from which said funds have been collected,-subject, however, to the exception contained in Section No. 8 of this Act.

Funds of Parish or Municipal Boards.

(4) All funds belonging to or received by any board, commission or body created or controlled by any parochial or municipal government shall be deposited in the bank or banks previously selected as the depository of such parish and municipality; and any interest earned thereon shall belong to the parish and municipality creating the said board, commission or body. Deposit of Public Funds and Obligations Imposed Upon Fiscal Agents.

3167. [Sec. 4.] The conditions under which the funds of the State of Louisiana, and all parishes and municipalities thereof, and all public boards, commissioners and bodies created by or under the authority of the State or of any parish or municipality thereof, shall be deposited, are as follows:

(1) That all public monies in charge of such authorities shall be let by the depositing authority to the bidder or bidders in the City of New Orleans and in the respective congressional

districts as provided in paragraph 1 of Section 3 of this act, offering the highest rate of interest for all or any part of the funds of such authority consistent with the safe keeping and prompt return thereof, and no bid shall be accepted providing for a lower rate of interest, on such deposits, than 3% per

annum.

(2) No amount in excess of the capital stock and surplus of such bank shall be deposited in any one bank by one authority. (3) No bank shall be eligible to receive the deposits of any public funds which shall not have accompanied its bid for such deposit with a sworn statement of its condition, as shown by its books on the first day of the month previous to its filing its bid for such deposits.

(4) All banks selected as fiscal agencies or depositories for the deposit of funds belonging to the State of Louisiana shall be required to lend to the State of Louisiana such sums as the State shall have been authorized to borrow, up to the amount of the deposit then held by such bank at the same rate of interest as the deposit bears; and shall be further required to carry the coupons of the funded debt of the State of Louisiana, and to cash without charge and to receive on deposit at par all checks drawn by or in favor of the State of Louisiana upon whatsoever point the same may be drawn and shall be further required to lend their aid to the Board of Liquidation in refunding the bonded indebtedness of the State without extra charge, all as a part of the consideration for receiving the State's deposits.

(5) All parishes and municipalities of the State of Louisiana and all public boards, commissions and bodies created by or under authority of the State, or of any parish or municipality thereof, shall require of the bank or banks selected as it or their depositories, in addition to the payment of interest, to lend to such board or authority, when the same have been legally authorized to borrow, an amount equal to the average deposits which it may have kept in such bank, at the same rate of interest as its deposit bears; and shall further cash without charge and receive on deposit at par, all checks drawn by or in favor of the depositing authority on whatsoever point the same may be drawn.

Security for Deposits.

3168. [Sec. 5.] (1) The Board of Liquidation of the State of Louisiana and all parishes and municipalities thereof,

and all public boards, commissions and bodies created by or under authority of the State or of any parish or municipality thereof, shall require as security for deposits made by them, the bonds of the United States of America, or of any colonial possession thereof, or unmatured bonds of the State of Louisiana or of any legally organized subdivision or board thereof, which shall not have been in default of interest for a period of six months; the valuation at which such bonds shall be accepted as security to be subject to the discretion of the State Treasurer, or the authority letting such deposits. The bonds so furnished as security shall be deposited with the State Treasurer or with the treasurer of the authority letting such deposits, who shall receipt therefor to the depositing bank. The amount of said security shall be equal to the average amount of the deposits of the State of Louisiana or the other depositing authority as the case may be, as shown by the books of the State or of such other authority for the previous year. If the said fund shall arise from some subdivisions, board or commission which has not previously had any funds to deposit, the amount of security to be furnished for the first year shall be equivalent to 60% of the amount of the deposits and shall thereafter be equal to the average amount of such deposit as shown by the books of such subdivision, board or commission as hereinabove provided.

(2) The fiscal agencies and depository bank may, at their option in lieu of depositing bonds as provided in the preceding paragraph, furnish the indemnity bond of a duly authorized surety company conditioned for the safe-keeping and return of such deposits and the payment of the interest thereon, in a sum equal to the average amount of deposits determined as hereinbefore provided, provided that no surety company shall be accepted as surety on any bond for any one bank for a greater sum than 10% of the capital and surplus of such surety company; and provided further that such bank or banks as aforesaid for part of the security required of them and give indemnity bond for the balance in such proportion as it or they may see fit.

Notice of Intention to Select Fiscal Agent.

3169. [Sec. 6.] The Board of Liquidation of the State of Louisiana and the proper authority of all parishes, municipalities, boards and commissions thereof, shall thirty days before the expiration of existing contracts entered into according to the present existing law, being Act 316 of 1910, and biennially