Independent School District v. City of Aberdeen

The Independent School District of the city of Aberdeen brought this action against the First National Bank of Aberdeen, and therein seeks to recover damages for the alleged conversion of certain school district monies. In its complaint the school district alleges that one Marie Brown was the duly qualified and acting treasurer of the plaintiff corporation; that the defendant bank was properly designated as a depositary for school district funds. It then sets forth eight separate causes of action wherein it is alleged that the defendant bank converted school district funds. As typical of the…