Floyd County v. Ramsay

I. Prior to January 23, 1923, the Farmers Trust & Savings Bank of Marble Rock, Iowa, was designated by the defendant Robert Ramsay, county treasurer, as a depositary of public funds, with the approval of the board of supervisors of Floyd County. On the above date, a bond was executed, in the penal sum of $30,000, to the said Floyd County and Ramsay, as county treasurer, and was signed by the defendants W. C. Smith, L. W. Inman, and R. E. Lynn. Sums were, from time to time, deposited in the said bank by the county treasurer.

On or about May 7, 1924, W. C. Smith notified the county treasurer…