Madison County v. Williams

GARDNER, Justice.

In this proceeding Madison County seeks a preference over general creditors of the Tennessee Valley Bank, in liquidation, and from a decree denying such relief the appeal is-prosecuted.

This Court is committed to the view favorable to the State’s prerogative right of preference in respect to deposits of public funds in insolvent banks. Montgomery, Sup’t of Banks, v. State, 228 Ala. 296, 153 So. 394; Green, Sup’t of Banks, v. Homewood, 222 Ala. 225, 131 So. 897; Montgomery, Sup’t of Banks, v. Sparks, 225 Ala. 343, 142 So. 769; Limestone County v. Montgomery, Sup’t of Banks, 226…