Indicates Matter Stricken
Indicates New Matter
The House assembled at 10:00 A.M.
Deliberations were opened with prayer by the Chaplain of the House of Representatives, the Rev. Dr. Alton C. Clark as follows:
Eternal Father, bowing before You in this hallowed moment of prayer, we acknowledge our dependence upon You and offer our thanks for all Your blessings. We are disturbed that there is so much to be done, burdened by so many cares and concerns, tempted to give way to cynicism and disheartened by our failure to do what we ought to do. Sustain us, then, by Your presence and stengthen us by Your power that these demanding days not wear us down or break our determination to do that which pleases our Heavenly Father. Keep us, we pray, truehearted, wholehearted, faithful and loyal.
Make clear the assurance of Your Word: "The Lord is the strength of my life" (Psalm 27:1). Amen.
After corrections to the Journal of the proceedings of yesterday, the SPEAKER ordered it confirmed.
The following Bill was taken up, read the third time, and ordered sent to the Senate.
H. 3826 -- Rep. T.M. Burriss: A BILL TO AMEND SECTION 34-21-210, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS IN REGARD TO TRUST BUSINESS, SO AS TO INCLUDE WITHIN THE DEFINITION OF "TRUST INSTITUTION" ANY NATIONAL BANK OR TRUST COMPANY AUTHORIZED TO ACT IN A FIDUCIARY CAPACITY IN THIS STATE AND UNDER THE SUPERVISION OF THE COMPTROLLER OF THE CURRENCY OF THE UNITED STATES, OR THE FEDERAL RESERVE SYSTEM, OR THE STATE BOARD OF BANK CONTROL, AND DELETE THE REFERENCES TO A STATE BANK, NATIONAL BANK, BUILDING AND LOAN ASSOCIATION, SAVINGS ASSOCIATION, SAVINGS AND LOAN ASSOCIATION, SAVINGS BANK, OR ANY TRUST COMPANY AUTHORIZED TO CONDUCT A TRUST BUSINESS IN THIS STATE, AND TO ADD THE DEFINITION OF "AFFILIATE"; TO AMEND SECTION 34-21-220, RELATING TO THE COLLECTIVE INVESTMENT OF FUNDS BY A TRUST INSTITUTION, SO AS TO AUTHORIZE THE AFFILIATE OF A TRUST INSTITUTION TO INVEST IN COMMON TRUST FUNDS WHICH ARE MAINTAINED BY THE TRUST INSTITUTION.
At 10:15 A.M. the House in accordance with the ruling of the SPEAKER adjourned to meet at 12:00 Noon on Tuesday.
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