as may be provided by law; provided, | pality within this state, may be deposited that such bank or banks in which such in any national bank or banks within this moneys are deposited shall furnish as state, or in any bank or banks organized security for such deposits, bonds of the under the laws of this state, in such manUnited States, or of this state or of any county, municipality or school district ner and under such conditions as may be within this state, or of any irrigation dis- provided by law; provided, that such trict within this state, to be approved by bank or banks in which such moneys are the officer or officers designated by law, deposited shall furnish as security for to an amount in value of at least 10 per such deposits, bonds of the United States, cent in excess of the amount of such deor of this state or of any county, municiposit; and provided, that such bank or banks shall pay a reasonable rate of in-pality or school district within this state, terest, not less than 2 per cent per annum on the daily balances therein deposited; and provided, that no deposit shall at any one time exceed 50 per cent of the paid-up capital stock of such depository bank or banks; and provided, further, that no officer shall deposit at one time more than 20 per cent of such public moneys available for deposit in any bank while there are other qualified banks requesting such deposits.

to be approved by the officer or officers designated by law, to an amount in value of at least ten per cent in excess of the amount of such deposit; and provided, that such bank or banks shall pay a reasonable rate of interest, not less than two per cent per annum on the daily balances therein deposited, and provided, that no deposit shall at any one time. exceed fifty per cent of the paid-up capital stock of such depository bank or banks, and provided further, that no officer shall deposit at one time more than twenty per cent of such public moneys available for deposit in any bank while there are other qualified banks requesting Section 16. All moneys belonging to such deposits. [Adopted November 6, the state, or to any county or munici- | 1906.]

Section 163, article XI, proposed to be amended, now reads as follows:

EXISTING LAW.

REASONS FOR ADOPTING SENATE CONSTITUTIONAL AMENDMENT NO. 3, RELATING TO DEPOSITS OF MONEY, INCLUDING IRRIGATION DISTRICT BONDS.

This amendment was proposed by the legislature in pursuance of its policy to give the bonds of irrigation districts the same privileges that are enjoyed by state, county and municipal securities, after having placed such restrictions upon the issuance of the bonds of irrigation districts as to make them sound and to assure their stability in the market.

To prevent the issuance of bonds for impracticable projects or in excess of an irrigation district's ability to pay, the legislature passed an act providing for a careful examination of the affairs of such districts and the feasibility of any project for which bonds are desired. This investigation is to be made by a state commission, composed of the attorney general, the state engineer and the superintendent of banks, thus assuring an examination of the legality of a district's proceedings, its engineering problems and its financial responsibility. It further provided that all bonds issued in accordance with the requirements of the act shall be recorded with the state controller, who is to certify that the law providing for the examination referred to has been complied with.

It is then provided that the bonds of irrigation districts, under the restrictions set forth in the act of the legislature, shall be legal investments for all trust funds and for the funds of all insurance companies, banks, banking associations and trust companies and for the state Six

school funds, and whenever any money or funds may by law, now or hereafter enacted, be invested in bonds of cities, cities and counties, counties, school districts or municipalities in the State of California, such money or funds may be invested in the said bonds of irrigation districts, and whenever bonds of cities, cities and counties, counties, school districts or municipalities may by any law, now or hereafter enacted, be deposited as security for any public money or deposits or for the performance of any act, bonds of irrigation districts, under the limitations in this act provided, may be so used or deposited.

This act is now in force, and its próvisions, especially the one allowing banks to invest in the bonds of irrigation districts, have marked beneficial effect upon the market for these securities. Some question arose, however, as to the constitutionality of the provision allowing the bonds of irrigation districts to be used as security for deposits of public money in banks, as the constitution, in providing for such deposits, specifies the kind of bonds which may be used as security, and does not mention irrigation district bonds. It was contended by the framers of the law that an irrigation district is a "municipality," and they quoted decisions of the supreme court in support of that contention, but in order to make definite settlement of the question the above constitutional amendment was submitted to the

people, including specifically the bonds of irrigation districts among the classes of bonds which may be used as security for public money deposited in banks. No other change is made by the amendment in the constitution as it now stands, and the ratification of the amendment, which was approved by unanimous vote of the legislature, will carry into full effect the policy adopted by the legislature in the passage of the act to give recognition to the bonds of irrigation districts under the

limitation described.

a city or school district and discriminate against the bonds of the irrigation district which makes it possible for that city or school district to have a prosperous existence. Such discrimination in the past has cost the taxpayers of irrigation districts hundreds of thousands of dollars in interest on greater bonded indebtedness than would have been necessary if their bonds had been allowed the privileges of counties, cities and school districts, and they now appeal to the people to approve the policy adopted by the legislature and ratify this constitutional amendment.

The

It should be remembered that the amendment merely puts irrigation district bonds in the list of securities which may be used to guarantee the repayment of public money deposited in banks. legislature may place upon the use of such bonds any limitations it may deem loan of such money may refuse to accept proper, and the official responsible for the any bonds offered.

The development of hundreds of thousands of acres of rich California land depends upon irrigation. The law allowing the formation of irrigation districts was framed so that the owners of a certain area might construct their own irrigation system, and, with the ownership of the water inseparably joined with the ownership of the land, the prosperity of that area is assured. The experience of the Modesto and Turlock irrigation districts in Stanislaus county have demon-public strated the success of the district plan, and several districts have been formed and have their canal projects under way. The law requires that their bonds shall bear five per cent interest, the same rate borne by most county and municipal bonds, and the fact that until the legislature changed the law, irrigation district bonds were not legal investments for the purposes specified in that act, made it extremely difficult to sell such bonds. As a result the people of irrigation districts have been compelled to pay a great deal more for their work than it was worth, and the fact that they have gone ahead under so many difficulties proved their eagerness to own the water that is the life of their land.

The legislature has recognized that it is unjust to give privileges to the bonds of

The demand for bonds as security for deposits adds greatly to their market value, and if this amendment is adopted the taxpayers of the irrigation districts will benefit by the consequent increase in the price of their securities. Even the districts which are now in operation contemplate further issuance of bonds for storage reservoirs and other perma

nent works. The inhabitants of these districts are doing great work for the upbuilding of the state. The laws disdered their efforts. The people, by the criminating against their bonds had hinadoption of this amendment, can, without injury to themselves, remove the last vestige of this discrimination. They ought to do it.

J. B. CURTIN,

Senator Twelfth Senatorial District. G. W. CARTWRIGHT, Senator Twenty-sixth Senatorial District.

REFERENDUM OPPOSING AN ACT CREATING THE OFFICE OF REGISTRAR OF VOTERS.

OFFICERS OF A COUNTY.

Referendum Measure Submitted Directly to the Electors.

WHEREAS, the legislature of the State of California, in extraordinary session in December, 1911, passed, and the governor of the State of California, on the 10th day of January, 1912, approved a certain law and act, which law and act, together with its title, is in the words and figures following, to wit:

An act to amend section 4013 of the Political Code of California, relative to the officers of a county.

The people of the State of California do enact as follows:

SECTION 1. Section four thousand and thirteen of the Political Code of California, is hereby amended to read as follows:

PROPOSED LAW.

4013. The officers of a county are: 1. A district attorney;

10. A superintendent of schools;
11. A public administrator;
12. A coroner;

ures;

19. Such other officers as may be provided by law.

AND WHEREAS, said extraordinary session of the said legislature finally adjourned December 24, 1911, and ninety days having not expired since said final adjournment.

Now, therefore, sufficient qualified electors of the State of California, have presented to the secretary of state their petitions asking that said law and act herein before set forth, so passed by the legislature and approved by the governor, as hereinbefore stated, be submitted to the electors of the State of California for their approval or rejection. Section 4013, proposed to be

EXISTING LAW.

4013. The officers of a county are:

1. A district attorney;

2. A sheriff;

3. A county clerk;

4. An auditor;

5. A treasurer;
6. A recorder;

7. A license collector;

8. A tax collector, who shall be ex officio license collector;

9. An assessor;

REGISTRAR OF VOTERS, SALARY AND DUTIES.

Referendum Measure Submitted Directly to the Electors.

WHEREAS, the legislature of the State of California, in extraordinary session in December, 1911, passed, and the governor of the State of California, on the 10th day of January, 1912, approved a certain law and act, which law and act, together with its title, is in the words and figures following, to wit:

In

An act to amend the Political Code of the ❘ the first class shall be twenty-four ($24.00) State of California by adding two new sections thereto, to be numbered 4149e and 4149f, providing for the appointment of a registrar of voters, prescribing his duties and fixing his term of office and the compensation to be paid such registrar in the various classes of counties.

The people of the State of California do enact as follows:

SECTION 1. A new section is hereby added to the Political Code of California, to be known and numbered as section 4149e and to read as follows:

PROPOSED LAW.

4149e. The board of supervisors of each county shall appoint a registrar of voters who shall serve until twelve o'clock M. of the first Monday after the first day of January, 1915, and on the first Monday after the first day of January, 1915, and every four years thereafter, the board of supervisors of each county shall appoint a registrar of voters who shall receive the compensation provided by law and shall serve for the period of four years. Such registrar of voters shall, before entering upon the discharge of his duties, take the oath of office prescribed by law for county officers, and execute a bond in such sum as may be required by the board of supervisors for the faithful and proper discharge of his duties as such registrar of voters, sald bond to be approved, recorded and filed, as provided by law for other county officers.

dollars per annum. In counties of the second class the registrar shall be allowed such salaries and deputies as are now or may hereafter be provided by law. counties of the third class the registrar shall be allowed such salaries and deputies as are now or may hereafter be provided by law.

The salary of the registrar in counties of the fourth class shall be twenty-four In counties ($24.00) dollars per annum. of the fourth class the registrar shall be allowed two deputies to serve during each even numbered year; each of said deputies shall receive a salary of one hundred dollars per month during each even numbered year.

The salary of the registrar in counties of the fifth class shall be twenty-four ($24.00) dollars per annum.

The salary of the registrar in counties of the sixth class shall be twenty-four ($24.00) dollars per annum.

The salary of the registrar in counties of the seventh class shall be twenty-four ($24.00) dollars per annum.

The salary of the registrar in counties of the eighth class shall be twenty-four ($24.00) dollars per annum.

The salary of the registrar in counties of the ninth class shall be twenty-four ($24.00) dollars per annum.

The salary of the registrar in counties of the tenth class shall be twenty-four ($24.00) dollars per annum; and in addition to such salary and In addition to the deputies now provided by law and The salary of the registrar in counties of allowed to the official charged with regis

tration, said registrar may appoint additlonal deputies, not to exceed two in number, for the purpose of registering electors and attending to election matters, to be paid not to exceed four ($4.00) dollars per diem each; provided, that such deputies so employed and appointed shall not be employed except during a year when the general election is held throughout the state, and then only between the first day of January and the fifteenth day of November of said year. Each of said deputies shall be paid at the same time and in the same manner as county officials are paid.

The salary of the registrar In counties of the eleventh class shall be twenty-four ($24.00) dollars per annum.

The salary of the registrar in counties of the twelfth class shall be twenty-four ($24.00) dollars per annum. In addition to such salary in counties of this class, the registrar shall receive from the

county the sum of twelve and one half of the twenty-third class shall be twenty

The salary of the registrar in counties four ($24.00) dollars per annum; provided, of the thirteenth class shall be twenty-that in counties of this class the registrar four ($24.00) dollars per annum; provided, of voters is hereby allowed one deputy further, that in counties of this class the whose salary shall be the sum of seventyregistrar of voters is hereby allowed one five dollars per month. deputy whose salary is hereby fixed at seventy-five ($75.00) dollars per month. The salary of the registrar in counties of the fourteenth class shall be two hundred and fifty ($250.00) dollars per

The salary of the registrar in counties | required by law or supplements to be of the thirty-third class shall be six made thereto, the registrar shall receive hundred ($600.00) dollars per annum.

The salary of the registrar in counties of the thirty-fourth class shall be twentyfour ($24.00) dollars per annum.

The salary of the registrar in counties of the thirty-fifth class shall be twelve hundred ($1,200.00) dollars per annum.

The salary of the registrar in counties of the thirty-sixth class shall be twentyfour ($24.00) dollars per annum.

The salary of the registrar in counties of the thirty-seventh class shall be twenty-four ($24.00) dollars per annum. In addition to such salary in counties of this class the registrar shall receive from the county the sum of ten cents for each name registered.

The salary of the registrar in counties of the thirty-eighth class shall be five hundred ($500.00) dollars per annum.

The salary of the registrar in counties of the thirty-ninth class shall be twentyfour ($24.00) dollars per annum.

The salary of the registrar in counties of the fortieth class shall be twenty-four ($24.00) dollars per annum; provided, further, that in any year when a new registration of voters is required by law, the registrar of voters shall be paid the sum of ten cents (10c) per name for each elector registered by him.

The salary of the registrar in counties of the forty-first class shall be twentyfour ($24.00) dollars per annum; provided, further, that in any year when a new registration of voters is required by law, the registrar of voters shall be paid the sum of ten (10c) cents per name for each elector registered by him.

The salary of the registrar in counties of the forty-second class shall be three hundred and sixty ($360.00) dollars per

annum.

as expenses for compiling such great register and making supplements thereto the sum of fifteen cents for each name inserted in said great register and supplements thereto, to be paid by the board of supervisors out of the county general fund upon the filing and presentation of a duly verified claim therefor by the registrar of voters with the board of supervisors of said county.

The salary of the registrar in counties of the forty-seventh class shall be twentyfour ($24.00) dollars per annum.

The salary of the registrar in counties of the forty-eighth class shall be four hundred ($400.00) dollars per annum.

The salary of the registrar in counties of the forty-ninth class shall be one hundred ($100.00) dollars per annum.

The salary of the registrar in counties of the fiftieth class shall be one hundred ($100.00) dollars per annum; provided, further, that in any year that the compilation of a new great register is required by law or supplements to be made thereto, the registrar shall receive as expenses for compiling such great register and making supplements thereto the sum of fifteen cents for each name inserted in said great register and supplements thereto, to be paid by the board of supervisors out of the county general fund upon the filing and presentation of a duly verified claim therefor by the registrar of voters with the board of supervisors of said county.

The salary of the registrar in counties of the fifty-first class shall be twentyfour ($24.00) dollars per annum.

The salary of the registrar in counties of the fifty-second class shall be seventyfive ($75.00) dollars per annum.

The salary of the registrar in counties of the fifty-third class shall be twenty

The salary of the registrar in counties of the forty-third class shall be twenty-four ($24.00) dollars per annum. four ($24.00) dollars per annum.

The salary of the registrar in counties of the forty-fourth class shall be one hundred ($100.00) dollars per annum; provided, further, that in any year that the compilation of a new great register is required by law or supplements to be made thereto, the registrar shall receive as expenses for compiling such great register and making supplements thereto the sum of fifteen cents for each name inserted in said great register and supplements thereto, to be paid by the board of supervisors out of the county general fund upon the filing and presentation of a duly verified claim therefor by the registrar of voters with the board of supervisors of said county.

The salary of the registrar in counties of the fifty-fourth class shall be twentyfour ($24.00) dollars per annum.

The salary of the registrar in counties of the fifty-fifth class shall be twentyfour ($24.00) dollars per annum.

The salary of the registrar in counties of the fifty-sixth class shall be twentyfour ($24.00) dollars per annum.

The salary of the registrar in counties of the fifty-seventh class shall be twentyfour ($24.00) dollars per annum; provided, further, that in any year when a new registration of voters is required by law, the registrar of voters shall be paid the sum of ten (10c) cents per name for each elector registered by him.

The salary of the registrar in counties The salary of the registrar in counties of the fifty-eighth class shall be twentyof the forty-fifth class shall be twenty-four ($24.00) dollars per annum; provided, four ($24.00) dollars per annum; provided, further, that in any year when a new further, that in any year when a new registration of voters is required by law, the registrar of voters shall be paid the sum of ten (10) cents per name for each elector registered by him.

The salary of the registrar in counties of the forty-sixth class shall be one hundred ($100.00) dollars per annum; provided, further, that in any year that the compilation of a new great register is

Ten

registration of voters is required by law, the registrar of voters shall be paid the sum of ten cents (10c) per name for each elector registered by him. The compensation of all deputies in this section provided for shall be paid by the said county in equal monthly installments, at the same time, in the same manner, and out of the same fund as the salary of the registrar is paid; and provided, further,