Street Improvement District No. 359 v. Little Rock

This suit was brought by the Commissioners of Street Improvement District No. 359 of the city of Little Rock against the city of Little Rock to recover the amount of certain benefit assessments alleged to have been wrongfully deposited by the collector of the city with the American Exchange Trust Company, a banking institution which failed soon after the deposit was made. The deposit was made September 30, 1930, and the bank failed November 17, 1930.

There is but little dispute in the testimony except as to the inferences to be drawn from it, which is to the following effect: The district now…