State Treasurer Ex Rel. State v. Capital National Bank

February 13, 1932, in accordance with the provisions of. 1 Comp. Laws 1929, § 348 (Stat. Aiin. § 3.691), Howard C. Lawrence, treasurer of the State of Michigan, by agreement to such effect, designated the Capital National Bank of Lansing a depository for surplus State funds. As such depository the bank gave three bonds, aggregating $600,000, with the Central West Casualty Company surety thereon, with the condition in each bond to — ‘ ‘ pay over upon demand all moneys belonging to the said State of Michigan, and deposited with it by the said State treasurer in accordance with the said…