position is located for at least one year, and possesses other requisite qualifications, which shall be at least equal to those of other applicants. Approved April 26, 1923. [No. 89.] AN ACT to amend sections fifteen, twenty-one-a, twenty-one-b, and twenty-one-c of act number one hundred eighty-one of the public acts of nineteen hundred nineteen, entitled "An act to provide for the prevention and suppression of contagious, infectious and communicable diseases of live stock; to provide for the creation of a department of animal industry of the state of Michigan; to authorize and require the appointment of a state commissioner of animal industry, of two advisory commissioners and of a state veterinarian; to prescribe the powers and duties of said officers, and to repeal all acts or parts of acts contravening the provisions of this act," approved May two, nineteen hundred nineteen, as amended by act number two hundred eighty-six of the public acts of nineteen hundred twenty-one and by act number nine of the public acts, first special session of nineteen hundred twenty-one, and to add one new section to stand as section fifteen-a. The People of the State of Michigan enact: SECTION 1. Sections fifteen, Sections fifteen, twenty-one-a, twenty-one-b, Sections and twenty-one-c of act number one hundred eighty-one of the amended. public acts of nineteen hundred nineteen, entitled "An act to provide for the prevention and suppression of contagious, infectious and communicable diseases of live stock; to provide for the creation of a department of animal industry of the state of Michigan; to authorize and require the appointment of a state commissioner of animal industry, of two advisory commissioners and of a state veterinarian; to prescribe the powers and duties of said officers, and to repeal all acts or parts of acts contravening the provisions of this act," approved May two, nineteen hundred nineteen, as amended by act number two hundred eighty-six of the public acts of nineteen hundred twenty-one and by act number nine of the public acts, first special session of nineteen hundred twenty-one, are hereby amended and one new section Section is hereby added to said act to stand as section fifteen-a, said added. amended sections and added section to read as follows: SEC. 15. In case of tuberculous cattle, whenever the com- Condemned animals, missioner shall direct the killing of such cattle, it shall be the appraisal. duty of the commissioner to appraise the animal or animals Proviso. When slaughtered. Proceeds of sale. Further proviso, when indemnities paid. Veterinarians, salaries of. Notice of determination to test. condemned, the owner or owners thereof to receive fifty per centum of the appraised value of animals as though not diseased, but such sum in no case shall exceed the sum of thirty dollars for grade animals and sixty dollars for registered thoroughbred animals: Provided, That the owner or owners of slaughtered animals shall receive no compensation for the same unless the commissioner shall be satisfied that the premises have been kept in a sanitary condition, nor shall they receive compensation until said commissioner is satisfied that the infected premises have been disinfected in such manner as to prevent the further spread of the disease. When the commissioner shall deem it expedient to have cattle that have reacted to the tuberculin test slaughtered under federal inspection or under the inspection of a competent veterinarian authorized by the commissioner, he shall have the power to order such slaughter. If the carcass of any such animal shall pass the inspection without being condemned, the owner of the animal shall receive all proceeds secured from the sale of such carcass after payment for shipping, handling and slaughtering charges have been deducted, in addition to the above mentioned fifty per centum of appraisal value. If the carcass of any such animal shall be condemned by the inspectors, the owner of the animal shall receive the proceeds of the sale of the hide, tallow, offal or any other proceeds from the sale of the carcass, after deducting the cost of handling, shipping and slaughtering, in addition to the above mentioned fifty per centum appraisal valuation. The commissioner shall have power to designate the places where suspected animals shall be slaughtered, and also to employ a competent inspector to examine the carcasses of slaughtered animals: Provided further, That no indemnities shall be paid under the provisions of this section for cattle reacting to the tuberculin test, except such as are branded on the left jaw with the letter "T" not less than two inches high, having had the test applied by a veterinarian approved by the state or federal government, and are slaughtered within six months from the date of reaction. SEC. 15-a. The board of supervisors of any county in this state is hereby authorized to raise and appropriate annually such sum as it may deem necessary for the purpose of paying the salaries of one or more veterinarians authorized by the state commissioner of agriculture and the bureau of animal industry of the United States to conduct the testing for tuberculosis of all cattle within the county, together with the actual and necessary expenses of such veterinarians and inspectors engaged in such testing, also all supplies necessary therefor. Whenever the commissioner shall have determined to test for tuberculosis all the cattle in any certain county where bovine tuberculosis, eradication has been adopted, he shall give public notice of his determination by publishing a notice to that effect in one or more newspapers of general circulation in said county at least ten days before such testing shall commence. cattle react Cattle found to be reactors to such test Branding of shall be branded, slaughtered when ordered by the commis- ing to test. sioner, and the owners thereof entitled to such indemnities as in this act provided. It shall be unlawful for any person who owns or who is in possession of or controls any cattle to prevent, hinder, obstruct, or refuse to allow the commissioner or authorized veterinarian to conduct such tests for tuberculosis on such cattle: Provided, That this section shall Proviso. not apply to steers properly isolated from other cattle. ful to sell. SEC. 21-a. It shall be unlawful to offer at public sale any When unlawcattle for breeding or dairy purposes in any county where bovine tuberculosis eradication is under way on the county area basis, except when such cattle have been subjected to the tuberculin test within sixty days of date of such sale and found to be free from any contagious or infectious disease by a veterinarian approved by the state and federal government: Provided, That the provisions of this section shall not Proviso. apply to herds under state and federal control with one successful test without reactors being found. fair, when unlawful. SEC. 21-b. It shall be unlawful to offer any cattle at any Exhibition at public fair in this state for exhibition purposes except when a certificate of health, including the tuberculin test, for each head of cattle to be exhibited, issued not more than ninety days prior to the first day of said fair, signed by a graduate veterinarian licensed to practice under the laws of the state in which he resides and who is approved by the state and federal government, showing such cattle to be free from any contagious or infectious disease, shall be attached to the entry blank and filed with the secretary of the fair: Pro- Proviso. vided, That the provisions of this section shall not apply to herds under state and federal control with one successful test without reactors being found. charts of, SEC. 21-c. It shall be the duty of every veterinarian mak- Tests, ing any tuberculin test within the state to file with the state filed. department of agriculture within five days after completing such test, the charts thereof, and to furnish the owner of cattle so tested with a certificate showing the result of the tests so made and to brand each reacting animal on the left jaw with the letter "T" not less than two inches high. This act is ordered to take immediate effect. Approved April 26, 1923. Section amended. Savings banks de posits, reserve required. [No. 90.] AN ACT to amend section twenty-seven 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 compiler's section seven thousand nine hundred ninety-six of the compiled laws of nineteen hundred fifteen, as amended by act number twenty-three of the public acts of nineteen hundred nineteen. The People of the State of Michigan enact: SECTION 1. Section twenty-seven of act number two hun dred five of the public acts of eighteen hundred eighty-seven, 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 section seven thousand nine hundred ninety-six of the compiled laws of nineteen hundred fifteen, as amended by act number twentythree of the compiled laws of nineteen hundred nineteen, is hereby amended to read as follows: SEC. 27. A savings bank shall keep at least twelve per cent of its total deposits on hand, or with national or state banks or trust companies, payable on demand, in cities approved by the commissioner of the banking department as How invested. reserve cities, or invested in United States bonds; threeU. S., etc., fifths of the remainder of the savings deposits shall be invested bonds. by the board of directors as follows: Proviso. Municipal, etc., bonds. Proviso. Road district bonds. Steam railroad bonds. Proviso. (a) In bonds of the United States, of any state or territory of the United States: Provided, That such state or territory has not, in the ten years preceding the time of such investment, repudiated its debt and failed to pay the same, or the interest due thereon, or upon any part of such debt; or (b) In the public debt or bonds of any city, county, township, village or school district of any state or territory in the United States, which shall have been authorized by the legislature of such state or territory: Provided, That the total indebtedness of such municipality does not exceed five per cent of its assessed valuation; except by a vote of twothirds of the board of directors, such bonds may be purchased if the total liabilities do not exceed ten per cent of its assessed valuation; or (c) In the legally authorized bonds of any road district in Michigan organized, constituted, and existing by virtue of the provisions of act number fifty-nine of the public acts of nineteen hundred fifteen, and amendments thereto; or (d) In the legally authorized first mortgage bonds of any steam railroad corporation organized under the laws of any state of the United States: Provided, That such company has for five years prior to the time of making such investment by such bank, paid annually, dividends equal to not less than four per cent on its entire capital stock and has not during said period defaulted in the payment of the matured principal or interest of any debts incurred by it and secured by a mortgage or trust deed upon its property or any part thereof, or in the payment of any part of the matured principal or interest of any bonds guaranteed and assumed by it; lines. (e) In the first mortgage bonds of railroad companies Leased whose lines are leased or operated or controlled by any railroad company specified in paragraph (d) of this section, if said bonds be guaranteed both as to principal and interest by the railroad company to which said lines are leased or by which they are operated or controlled; (f) In the legally authorized mortgage bonds of any steam railroad corporation organized under the laws of any state of the United States, which shall have been issued for the purpose of retiring all prior mortgage indebtedness on so much of the property of such company as is covered by the mortgage securing such issue of bonds, and further providing for additions, extensions or improvements: Provided, That such com- Proviso. pany has for three years prior to the time of making such investment by said bank paid annually dividends equal to not less than four per cent on its entire capital stock, which capital stock shall equal or exceed in amount one-third of the par value of all its bonded indebtedness, and has not, during the same period, defaulted in the payment of the matured principal or interest of any debts incurred by it and secured by mortgage or trust deed upon its property or any part thereof, or in the payment of any part of the matured principal or interest upon a bond guaranteed or assumed by it: Provided, That said issues of bonds shall have been approved Proviso, by the securities commission hereinafter provided for; approval. bonds. (g) In the legally authorized first mortgage bonds of any Electric railelectric railroad, street railway, telephone, gas or electric road, etc., light or power company, organized under the laws of the state of Michigan: Provided, That such company has, for Proviso. five years prior to the time of making such investment by said bank, paid annually dividends equal to not less than four per cent on its entire capital stock, and has not during the same period defaulted in the payment of the matured principal or interest of any debts incurred by it and secured by mortgage or trust deed upon its property or any part thereof, or in the payment of any part of the matured principal or interest of any bonds guaranteed or assumed by it; or in the first mortgage bonds of any such company which has been in operation less than five years: Provided, That the cost of construction and equipment of the plant of such company shall exceed by at least fifty per cent the amount of the entire bonded indebtedness of such company, and the said plant and equipment shall be free from all other liens and encumbrances, and the said company shall have earned during Proviso, |