ARTICLE 4. Contracts

Article 4 added by Stats. 1945, Ch. 120.

§§ 16560–16565 · 6 sections

• § 16560 The Treasurer shall enter into such contracts with such depositaries as in his judgment will be to the public advantage so to do. The contracts shall fix the…
• § 16561 In order to obtain as high rates of interest as possible, the contracts may contain any conditions necessary to conform with Section 19 of the Federal Reserve…
• § 16562 The contracts covering demand state deposits shall provide that each depositary shall render daily to the Treasurer a statement of the account showing the date…
• § 16563 The contracts shall be executed by the depositaries in triplicate. The Treasurer shall file one copy of each contract with the Controller.
• § 16564 At the time of depositing State money in any bank, designated as a depositary, the Treasurer shall take and preserve a receipt, certificate of deposit, or such…
• § 16565 On the order of the Treasurer, depositary banks shall handle, collect and pay all checks, drafts and other exchange in the same manner and under the same…