Daley v. City of Melvindale

The city of Melvindale is the legal successor of the village of Melvindale and became so as of February 6, 1933, and as such opened five different bank accounts in the Melvindale State Bank. The bank for the purpose of qualifying as a depository had on October 28, 1931, entered into a depository agreement with the village of Melvindale and by such agreement the Dearborn State Bank was made trustee.

The provisions of the agreement pertinent to the issue involved herein are as follows:

“The above bank agrees to receive and safely keep all such surplus funds of said depositor as may be offered or…