employed to stone by SEC. 3. Upon the approval of the said plans the board shall Stonecutter cause the warden of the state penitentiary to employ one com- supervise petent stonecutter to supervise the cutting of the stone called cutting of for in the said plans, by convict labor, and the said stone shall convicts be marked and stored on the prison premises until such time as the legislature may provide for the erection of the said prison or any part thereof. wages, 10 SEC. 4. The said board of prison commissioners is hereby Convict authorized to pay such convicts employed as provided in this cents per day act the sum of ten cents per day per man for each day so employed. SEC. 5. The sum of five thousand dollars is hereby appro- $5,000 appropriated priated, out of any moneys in the state treasury not otherwise appropriated, for the carrying out of the provisions of this act. CHAP. 223-An Act amending section two of an act entitled "An act in relation to the act of Congress known as the Carey act, and all acts amendatory thereof and supplemental thereto, and governing the state commission of industry, agriculture and irrigation as heretofore or may be hereafter created and established by law in the control of the selection, management, and disposal of all lands granted the state under the provisions thereof," approved March 17, [Approved March 24, 1915] The People of the State of Nevada, represented in Senate and SECTION 1. Section 2 of the above-entitled act is hereby amended to read as follows: land of Section 2. The selection, management, and disposal of said Carey act land shall be vested in a commission consisting of the governor, commission, the state engineer, and the surveyor-general, and which, for composition the purposes of this act, shall be known as the commission of industry, agriculture and irrigation, and the surveyor-general is hereby designated as state register of lands under the Carey act. CHAP. 224 An Act to authorize and direct the board of county commissioners of Douglas County, Nevada, to erect and construct a county high school at Gardnerville in said county, to issue bonds for the purpose of creating a fund for the payment thereof, and other matters properly relating thereto. [Approved March 24, 1915] The People of the State of Nevada, represented in Senate and The board of county commissioners of Douglas County, Nevada, are hereby authorized, empowered, and building at Board of High-school directed, and it is made their duty to erect a county highGardnerville school building or buildings in or near the town of Gardnerville, Douglas County, Nevada, on a site to be selected by the board of education of Douglas County; provided, said tract of land on which said high school is located shall consist of not less than five acres of land; and provided further, said tract is transferred and conveyed, without cost, to Douglas County on or before May 1, 1915. Said building shall be completed and furnished on or before January 1, 1916, at the expense of said county and at a total cost for said building and furnishings of not more than $25,000. The board of education of Douglas County shall adopt plans and specifications for said building or buildings and deliver the same to the board of county commissioners. Said commissioners shall advertise in a newspaper in said county for at least three weeks for bids for the construction of same, and the contract shall be awarded for the construction thereof before August 1, 1915; provided, that said commissioners may, if they deem it for the best interest of said county, erect and furnish said building or buildings without advertising for bids or letting any contract for the construction thereof, the commissioners to have the right to reject any and all bids. education to adopt plans; county com missioners to award contract; proviso $25,000 in bonds to be issued SEC. 2. The board of county commissioners of Douglas County, Nevada, are hereby authorized and empowered, and it is made their duty to prepare and issue bonds of said county after the first day of May, 1915, for the sum of $25,000, exclusive of interest, for the purpose of providing funds for the erection and complete furnishings of the said high-school building and the necessary buildings in said county as herein Agriculture provided. Agriculture shall be taught as one of the courses taught at said high school. shall be missioners to issue bonds before June 1, 1915 SEC. 3. Prior to June 1, 1915, the board of county comCounty com- missioners of said county shall have said bonds prepared and ready for issuance. Said bonds shall be signed by the chairman of the board, countersigned by the county treasurer, and authenticated with the seal of the county. Coupons for interest shall be attached to each bond so that the same may be removed without injury to the bonds, and each of such coupons shall be consecutively numbered and signed by the chairman of said board and the county treasurer. SEC. 4. The clerk of the board of county commissioners Record to be shall keep a record of all proceedings under the provisions of this act, showing the number and date of such bond, and to whom issued. kept SEC. 5. The board of county commissioners of Douglas Negotiation County are hereby authorized and directed during the month of bonds of June, 1915, and continuing thereafter if necessary, to negotiate the sale of said bonds, and to sell the same by advertising for sealed proposals, or by private sales, as they may deem for the best interests of the county; provided, that all bonds shall be made for gold coin of the United States, and the interest thereon shall be payable in like gold coin. Denomination of bonds SEC. 6. Said bonds shall be each in the sum of two hundred and fifty dollars. They shall be numbered from one to one hundred, consecutively; and the interest on the same shall not exceed six per cent per annum, payable annually in each year at the office of the county treasurer of said Douglas County, and in no case shall any of said bonds run for a longer period Limit, 30 than thirty years. years High School SEC. 7. For the purpose of creating a fund for the payment "County of the bonds authorized by this act and the interest thereon, Fund" the board of county commissioners of Douglas County are hereby authorized and required to levy and collect annually a special tax on the assessed value of all property, both real and personal, including proceeds of mines within the boundaries of said Douglas County, until such bonds and interest thereon shall have been fully paid, sufficient to pay the interest on said bonds and to pay and retire five of said bonds annually after the first Monday in June, 1925. Such tax shall be levied and collected in the same manner and at the same time as other taxes are assessed and collected, and the proceeds thereon shall be kept by the county treasurer, in a special fund to be known as the "County High School Fund" retired in SEC. 8. It shall be obligatory on said county and its proper Interest officers to fully pay the interest on said bonds annually, and to fully pay and retire five of said bonds in 1925, beginning with 5 bonds the first number thereof, and so on consecutively, and annually 1925, etc. thereafter, until said bonds and the interest thereon are fully paid, canceled, and retired, to pay and retire five of said bonds. in such manner. when SEC. 9. Whenever the bonds and interest provided for in Tax to cease, this act shall have been fully paid, the tax authorized by this act shall cease, and all moneys remaining in said bond fund shall, by order of the board of county commissioners, be transferred to the general fund of said county. cancel paid bonds SEC. 10. Whenever the county treasurer shall pay anything Treasurer to on the bonds issued under the provisions of this act, he shall cancel the same by writing across the face thereof "Paid, together with the date of such payment, sign his name thereto, and turn the same over to the county auditor, taking his receipt therefor, which receipt shall be filed with the clerk of the board of county commissioners, and the auditor shall credit the treasurer on his books with the amount so paid. ceases, when SEC..11. Should the holder of said bonds, or any of them, Interest for any cause whatever, fail to present said bonds to the said county treasurer for payment when they become due, all interest on such bonds shall thereafter immediately cease. SEC. 12. The faith of the State of Nevada is hereby pledged Faith of state that this act shall not be repealed, nor taxation thereby imposed omitted, until all the bonds and coupons issued under and by pledged flowing artesian wells virtue thereof shall have been paid in full as in this act specified. CHAP. 225-An Act making appropriation to pay bounty provided for by an act of March 19, 1901, entitled "An act to provide for the payment of a bounty to encourage the boring of wells in searching for oil, natural gas, and artesian water in the State of Nevada." [Approved March 24, 1915] WHEREAS, The statutes of the State of Nevada, to wit, an act Bounties for approved March 19, 1901, 86, and designated as sections 712 to 717, inclusive, in 1 Revised Laws of Nevada, 1912, entitled "An act to provide for the payment of a bounty to encourage the boring of wells in searching for oil, natural gas, and artesian water in the State of Nevada, provides that "the first person to sink a well in the State of Nevada not less than six inches in diameter at the bottom, to the depth of one thousand (1,000) feet, shall receive a bounty of twenty-five hundred ($2,500) dollars from the state; provided, that such well shall flow at least sixty gallons of water per minute"; and Bounty company Appropria- company WHEREAS, The Railroad Valley company, a corporation organized and existing under and by virtue of the laws of the State of Nevada, did during the summer of 1913, sink a well in Railroad Valley, Nye County, State of Nevada, not less than six inches in diameter at the bottom, to the depth of one thousand (1,000) feet, and flowing in excess of sixty gallons of water per minute, and being the first person to sink such well in the State of Nevada; and WHEREAS, The said Railroad Valley company has complied fully with all and singular the requirements of said act of March 19, 1901; and WHEREAS, On September 12, 1913, the state board of examiners of Nevada did fully consider said Railroad Valley company's application for payment of said bounty in the sum of twenty-five hundred dollars, and did then and there approve the same, and did recommend said claim for relief at the next ensuing session of the legislature of Nevada, there being no appropriation then and there available, in the opinion of the attorney-general of Nevada, for the payment of the same: now, therefore, The People of the State of Nevada, represented in Senate and SECTION 1. There is hereby appropriated from the general fund of the State of Nevada, the sum of twenty-five hundred ($2,500) dollars for the purpose of paying to the Railroad Valley company, a corporation organized and existing under the laws of the State of Nevada, the bounty earned by said company by being the first person to sink a well in the State of Nevada not less than six inches in diameter at the bottom, to the depth of one thousand (1,000) feet, and flowing in excess of sixty gallons of water per minute, as provided by the act of March 19, 1901. controller treasurer SEC. 2. The state controller shall draw his warrant upon Duties of the state treasurer for the aforesaid amount, payable to Robert and G. Pohl, as clerk of the board of county commissioners of Nye County, Nevada, as provided by section 6 of said act of March 19, 1901, and the state treasurer shall pay the same when presented to him for payment. CHAP. 226—An Act to amend sections 4, 15, 41, and 49 of an act entitled "An act to regulate banking and other matters relating thereto.” [Approved March 24, 1915] The People of the State of Nevada, represented in Senate and SECTION 1. Section four of an act entitled "An act to regulate banking and other matters relating thereto, is hereby amended so as to read as follows: which Section 4. A banking corporation organized under the Business provisions of this act shall be permitted to receive money on banking deposit, to buy and sell exchange, gold, silver, coin, bullion, corporation uncurrent money, and bonds; to loan money on chattel and in personal security, or on real estate secured by mortgage; to own a suitable building, furniture, and fixtures for the transaction of its business, the value of which shall not exceed forty per cent of the capital and surplus of said bank, fully paid; provided, that nothing in this section shall prohibit such bank Provisos from holding or disposing of such real estate as it may acquire through the collection of debts due it; and provided further, that all banking institutions and trust companies now organized as corporations doing business in this state are hereby permitted to continue said business as at present incorporated, but in all other respects their business, and the manner of conducting the same, and the operation of said bank or trust company, shall be carried on subject to the provisions of this act, and in accordance therewith; and provided further, that no bank or trust company, except those that have complied with the provisions of this act, shall engage in any other business than is authorized by this act. SEC. 2. Section fifteen of an act entitled "An act to regulate banking and other matters relating thereto, is hereby amended so as to read as follows: creditor may Section 15. The total liability to any bank of any person, No one company, corporation, or firm for money borrowed, shall not borrow over at any time exceed twenty-five per cent of the capital stock 25 per cent of and surplus of such bank, actually paid in, except by and with bank's funds |