State Ex Rel. Franks v. Corvallis State Bank

The Corvallis State Bank had been duly designated as a depositary for county funds in the hands of the county treas urer of Ravalli county. On April 10, 1924, it executed and delivered to the county treasurer its bond in the sum of $20,000 to secure the county against loss by reason of moneys deposited with it. The bond was signed by the bant, as principal, and W. S. Bailey, L. J. Nordheim, A. N. Whitesett, John A. Hull, and M. G. Kern, as sureties, hereinafter called defendants. The bond as delivered was not formally approved by the board of county commissioners until May 5. On April 30 the…