House file No. 229, a bill for an act to amend section 1311 of the code, to prevent the offsetting of assessment of bank stock or shares therein by the indebtedness of shareholders. Read first and second time and referred to committee on Judiciary. House file No. 292, a bill for an act defining the duties and powers of directors of corporations organized under the laws of the state for pecuniary profit. Read first and second time and referred to committee on Corporations. Substitute for House file No. 93, a bill for an act to legalize the incorporation and ordinances of the town of Redman, Palo Alto, county, Iowa. REPORT OF COMMITTEE. Senator Junkin, from the committee on Retrenchment and Reform, submitted the following report: MR. PRESIDENT-Your committee on Retrenchment and Reform, to whom was referred Senate file No. 341, a bill for an act to amend sections 2506, 2507 and 2510 of the code, relating to the inspection of petroleum products, beg leave to report that they have had the same under consideration and have instructed me to report the same back to the Senate with the recommendation that the same do pass. Ordered passed on file. J. M. JUNKIN, On motion of Senator Lewis the Senate took up Senate file No. 60. Senator Lewis moved that the Senate concur in the House amendments. On the question, Shall the bill pass? The yeas were: Senators Alberson, Allyn, Arthaud, Bachman, Ball, Blanchard, Cheshire, Classen, Craig, Crossley, Eaton, Emmert, Fitchpatrick, Garst, Gorrell, Griswold, Hayward, Hazelton, Healy, Hopkins, Junkin, Lambert, Lewis, Lister, Lyons, Mardis, Moffit, Penrose, Perrin, Porter, Smith, Tallman, Townsend, Trewin, Wallace, Wilson, Young-37. The nays were: None. Absent or not voting: Senators Alexander, Bishop, Bolter, Brighton, Finch, Harriman, Hobart, Hubbard, McArthur, McIntire, Mullan, Nolan, Titus-13. So the bill, having received a constitutional majority was declared to have passed the Senate and its title agreed to. BILLS ON THIRD READING. The Senate resumed consideration of Senate file No. 29, which was pending yesterday and made a special order for this time. Senator Cheshire offered the following amendment to the amendments offered by Senator Blanchard yesterday. I move to amend the amendment by adding as section 1 thereof the following: Section 1. That section thirteen hundred and twenty-eight (1328) of the code be, and the same is hereby amended by striking out of the first and second lines thereof the words, "telegraph and." Senator Penrose moved that the Senate proceed to the correction of the Journals of Monday and Tuesday, and when so corrected that the Senate adjourn until 2 o'clock this afternoon. Carried. Senator Trewin offered the following report, which was ordered printed in the Journal: To the Members of the General Assembly of the State of Iowa: By concurrent resolution the members of the Twenty-seventh General Assembly directed the superintendent of public instruction to investigate the practicability and desirability of establishing free school libraries in the various school districts of the state, and to incorporate in his report the result of such investigation, and to recommend to the Twenty-eighth General Assembly the best methods of establishing and maintaining such libraries or of placing the best literature in the hands of school children and others. I have the honor to inform you that in accordance with said resoultion the question was carefully investigated and the results of such investigation and recommendations have been included in the biennal report as directed. Owing to the fact that the report is still in the hands of the State printer, I am unable to supply you with a copy of the same, but it gives me pleasure to say that a bill embodying my conclusions has already passed the Senate and been recommended for passage by the proper committee in the House. RICHARD C. BARRETT, Suprintendent Public Instruction. March 20, 1900. Senator Trewin filed the following amendments to substitute for Senate file No. 115, which was ordered printed in the Journal: I move to amend section 2 of substitute by striking out the words "or out of the improvement fund provided for in subdivision two (2) of section eight hundred and ninety-four (894), or subdivision two (2) of section ten hundred and five (1005), of the code, and acts amendatory thereof, as the case may be," and inserting in lieu thereof the following: Or for sewers out of the sewer fund provided for in section eight hundred and thirty-one (831), or subdivis.on three (3) of section eight hundred and ninety-four (894), or section nine hundred and seventy-eight (978), or subdivision three (3) of section ten hundred and five (1005), or for other improvements out of the improvement fund provided for in section eight hundred and thirty (830), or subdivision two (2) of section eight hundred and ninety-four (894), or section nine hundred and seventy-seven (977), or subdivision two (2) of section ten hundred and five (1005) of the code, and acts amendatory thereof as the case may be. Senator Lewis filed the following amendment, which was ordered printed in the Journal. Amend Senate file No. 311 by adding to the end of section 11, after changing the period to a comma, the following: "and all rights and remedies resulting from said chapter 48 are abrogated and taken away, and all payments and recoveries under or by virtue thereof shall be paid back to the parties making or suffering them, and such parties restored to the status and rights which they would have held if said chapter 48 had not been enacted." The Journal of Monday was taken up, corrected and approved. The Journal of Tuesday was taken up, corrected and approved. The hour having arrived, the President declared the Senate adjourned until 2 o'clock this afternoon. AFTERNOON SESSION. Senate met in regular session at 2 o'clock P. M., President Milliman presiding. INTRODUCTION OF BILLS. By Senator Trewin, Senate file No. 346, a bill for an act to authorize the executive council to reassess and re-levy taxes heretofore or hereafter held to be invalid. Read first and second time and referred to committee on Judiciary. The Senate resumed consideration of Senate file No. 29, which was pending this morning. Senator Cheshire withdrew the amendment which was pending at the time of adjournment. President pro tem Harriman was called to the chair at 2:45 o'clock P. M. Senator Moffit called up the concurrent resolution relative to final adjournment offered by him March 9. Senator Moffit withdrew the amendment offered by him. Senator Hayward moved that further consideration of the resolution be deferred until next Tuesday. Carried. The Senate resumed consideration of Senate file No. 29. Senator Emmert moved that future speeches on Senate file No. 29 be limited to ten minutes. The chair ruled the motion of Senator Emmert out of order for the reason that the Senate had already adopted a rule limiting speeches to ten minutes. Senator Junkin moved that the Senate do now adjourn. Senator Titus moved to amend that when the Senate adjourn it be to meet at 8 o'clock this evening. A roll call was demanded. The yeas were: Senators Alberson, Arthaud, Classen, Hayward, Moffit, Tallman, Titus, Wallace, Wilson, Young-10. The nays were: Senators Alexander, Allyn, Bachman, Ball, Blanchard, Bolter, Brighton, Cheshire, Craig, Crossley, Eaton, Emmert, Finch, Fitchpatrick, Gorrell, Griswold, Hazelton, Healy, Hobart. Hubbard, Junkin, Lambert, Lewis, Lister, Lyons, McArthur, McIntire, Mardis, Mullan, Penrose, Perrin, Porter, Smith, Townsend, Trewin-35. Absent or not voting: Senators Bishop, Garst, Harriman, Hopkins, Nolan-5. So the amendment was lost. The committee on Building and Loan filed the following amendment to Senate file No. 311: All expenditures and expenses for management and conducting the affairs of said associations, not including membership fees and charges for closing loans, shall be paid from the receipts of interest, premiums and other sources of profit. Said associations may thus use for expenses in any one year a sum not in excess of the following percentages on their assets, as shown by the last annual report, to wit: Associations with assets not in excess of $100,000, three per centum per annum; associations with assets in excess of $100,000, but less than $300,000, two and one-half per cent.; associations in excess of $300,000, and less than $500,000, two and a quarter per cent., and associations with assets in excess of $500,000, two per cent., but in no event shall the expenses of any association exceed $12,000 in any one year. No officer, employe or agent of any association shall receive directly or indirectly any salary or other compensation, except for services actually rendered, and any compensation hereafter paid in violation of this section may be recovered by any shareholder or borrower within three years from the receipt of such illegal compensation from the person accepting the same or from any officer knowingly consenting to the allowance thereof, in a suit which may be brought in the name of the association, or in the name of such shareholder or borrower. The question was on the motion of Senator Junkin that the Senate do now adjourn. Carried. Senate adjourned. |