Chap. 74.—An ACT to amend and re-enact section 2162 of the Code of Virginia,
relating to our public moneys transferred to depositories, [S B 6l1]

Approved March 1, 1932

1. Be it enacted by the general assembly of Virginia, That section
twenty-one hundred and sixty-two of the Code of Virginia, be
amended and re-enacted so as to read as follows:

Section 2162. As soon as the State depositories, or any of them,
have given the bonds required of them under the preceding sections,
and such bonds have been approved and accepted by the finance board,
all public moneys on deposit with other depositories shall be trans-
ferred to such of the State depositories as have given bonds (which
have been approved and accepted as aforesaid), or to any or either of
them. All transfers of public moneys, under the provisions of this or
the preceding sections shall be made upon draft drawn by the treas-
urer or his duly authorized deputies, and so drawn that the money
shall not go into the hands of the treasurer; but the transfer shall be
made in the mode selected by the depository receiving the money and
at the risk and expense of said depository. In consideration of any
deposits which may be made with the depositories aforesaid, they
shall pay thereon interest at such a rate as shall be or may be agreed
on by the respective depositories and the State finance board.

2. An emergency existing, this act shall be in force from its
passage. |