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three weeks in a daily San Francisco paper, and thenceforth, and until such deficiency is paid up, such company shall not do business under the provisions of this act. And in estimating the condition of any such company, under the provisions of this act, the coinmissioner shall allow as assets only such as are authorized under existing laws at the time, and shall charge as liabilities, in addition to eighty per cent of the capital stock, all outstanding indebtedness of the company, and a premium reserve equal to fifty per centum of the premiums charged by said company on all risks then in force. Nothing herein contained shall apply to bonds given in criminal cases.

Sec. 4. This act shall take effect immediately.

An act to provide for the payment by the state or counties, or cities,

or cities and counties, of the premium or charge on official bonds when given by surety companies.

[Approved March 25, 1903; Stats. 1903, p. 476.] $ 1. Premium for bonds of public officials.

Section 1. The premium or charge for bonds given by surety companies for state officials, county officials, city officials, or city and county officials, shall be paid by the state, county, city, or city and county respectively; provided, however, that no premium or charge shall exceed one-half of one per cent per annum on the amount of such bond; and provided further, that this act shall not apply to notaries public.

Sec. 2. This act shall take effect from and after its passage.

ARTICLE VII.

BRIDGES.

Au act to provide for bridges across navigable streams, and across

estuaries, ponds, swamps, or arms of bays that may be outside of the line of navigable waters.

[Approved March 14, 1881; Stats. 1881, 76.] § 1. Power of supervisors to erect bridges. & 2. Regulation of tolls, by whom exercised. § 3. Supervisors nray join between counties.

§ 4. Notify state engineer.
§ 5. Hearing before state engineer,
$ 6. Surveyor general, when may act.
§ 7. Rates of toll, by whom fixed.
8 8. Supervisors to declare necessity for building bridges.

Section 1. The power to erect bridges on public highway across navigable streams in this state, or to grant franchises to individuals, or corporations for the same, is hereby granted to the boards of supervisors of the several counties of the state, under the restrictions of this act.

Scc. 2. The power to grant franchises to individuals or corporations to construct bridges, and the regulation of tolls thereon, shall be exercised by the county on the left bank of all streams.

Sec. 3. Where a navigable stream is the boundary line between the counties, the boards of supervisors of such counties may join in the construction of a bridge, upon such terms as may be agreed upon; provided, however, that in case of a failure to agree, either county may build the bridge and maintain control thereof.

Sec. 4. Whenever the supervisors of any county or counties desire to erect a bridge on any public highway, or to grant the privilege so to do to any individual or corporation, across a navigable stream, under the provisions of this act, said board or boards shall notify the state engineer of such purpose, and of the precise point where such bridge is proposed to be located. The state engineer shall, within ten days of the receipt of such notice, designate the width of the draw to be made in such bridge, and also the length of the spans necessary to permit the free flow of water. Sec. 5. The communication from the state engineer, fixing

. the draw and spans, shall be spread upon the minutes of the board, and any bridge constructed at that point shall be in conformity therewith; provided, however, that the state engineer may, upon hearing before him, had upon the application of any person or body interested, made within ten days after the receipt by said board of supervisors of said communication of said engineer, change his first plans, in which case the modified plans must be so spread upon the minutes, and shall stand in the place of the original; provided, however, that before such hearing is had, the said engineer must give ten days' notice by publication in some newspaper published in the county or counties from which the application came, of the time and place of the hearing.

Sec. 6. In case of the absence or inability of the state engineer to act, the duties devolving upon him under this act shall be performed by the state surveyor general.

Sec. 7. When a bridge shall be built on a navigable stream by one county, or two counties, it may be absolutely free, or tolls sufficient to pay in whole, or in part, for the construction, and to keep up the repairs and expenses thereof, may be charged; the rate to be fixed by the board of supervisors of the county in which the same is located, or, if located in two counties, then by the boards of supervisors of the two counties; or if there be any disagreement between said boards, as to imposing or removing to!ls, or the rate, the matter in dispute shall be referred to the board of supervisors of some neighboring county for determination, and its decision, communicated in writing to the clerks of the said boards respectively, shall be final; and if tolls are fixed or removed thereby, the same shall take effect on the tenth day from the date of such written determination.

Sec. 8. The board of supervisors, or other governing body of any city and county, or county, in this state, shall have power to declare that it is necessary for the public convenience to have a bridge or bridges built across any estuary, swamp, pond, or arm of a bay that may lie or extend into the county, or city and county, and prescribe the points between which said bridge or bridges shall be built, and when they shall have specified the points between which it is, in their judgment, necessary to build the said bridge or bridges, they may let contracts to build the bridges, as aforesaid, and pay for the same out of the general fund of the city and county, or county.

Sec. 9. This act shall take effect immediately.

ARTICLE VIII.

BUILDING AND LOAN ASSOCIATIONS.

An act creating a board of commissioners of the building and loan

associations and prescribing their duties and powers. [Approved March 23, 1893; Stats. 1893, p. 229. Amended, Stats.

1895, 103.]

§ 1. Board of commissioners.
§ 2. Salaries.
§ 3. Office, rent, stationery, etc.
$ 4. Bond.
§ 5. Duties of- Report.
§ 6. Visiting associations.
87. Duties of associations.
$ 8. Powers of.
§ 9. Duty of attorney general— Receivers.
.$ 10. Failure to report to attorney general.
8 11. Schedule of property.
§ 12. Examining accounts of receivers.
§ 13. Investigation of affairs.
§ 14. Violation of laws relating to corporations.
§ 15. Associations to pay assessment.
§ 16. How collections may be enforced.
§ 17. Licenses.
8 18. Report to commissioners.
$ 19. Withdrawal of stockholders.
§ 20.

“Building and loan association," what includes.

Section 1. All building and loan associations heretofore or hereafter incorporated under the laws of this state, or any other state or territory, or those of any foreign country, and doing business in this state, shall be subject to the examination and supervision of a board of commissioners of loan associations, which board shall consist of two commissioners, each of whom shall be an expert of accounts, and shall be appointed by the governor, within thirty days after the passage of this act, to hold office for the period of four years, and until their successors are appointed and qualified.

Sec. 2. The commissioners shall each receive a salary of twenty-four hundred dollars per annum and necessary traveling expenses, not to exceed for the two commissioners and their secretary, the sum of seven hundred dollars per annum. Said commissioners are hereby authorized to appoint a secretary at a salary not to exceed twelve hundred dollars per annum, who shall have power to examine the books and affairs of the associations, the same as the commissioners. All said salaries and traveling expenses shall be audited by the state controller and paid in the same manner as the salaries of other state officers. [Amendment approved March 26, 1895; Stats. 1895, 103.]

Sec. 3. The commissioners shall have their office in San Francisco, which office shall be kept open for business every business day, and during such hours as are commonly observed by the banks of that city as banking hours. They shall procure rooms for their office at a monthly rental not exceeding forty dollars. They may also provide fuel, stationery, printing, and other necessary conveniences connected with their office, not to exceed an aggregate cost of four hundred dollars per annum. All expenses authorized in this section shall be audited and paid in the same

manner as the salary of the commissioners. [Amendment approved March 26, 1895; Stats. 1895, p. 103.]

Sec. 4. The commissioners, before entering upon the duties of their office, must each execute an official bond in the sum of five thousand dollars, and take the oath of office as prescribed by the Political Code for state officers in general. The secretary appointed by said commissioners shall execute a bond in the sum of two thousand dollars, and take the oath of office as prescribed by said Political Code. [Amendment approved March 26, 1895; Stats. 1895, p. 103.]

Sec. 5. The duties of the commissioners of building and loan associations shall be to furnish all corporations legally authorized to transact the business of a building and loan association within this state a license authorizing them to transact the business of a building and loan association for one year from the date of said license; to receive and place on file in their office the annual reports required to be made by building and loan associations by this act; to supply each association with blank forms and such statements as the commissioners may re

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