Pinal County v. Hammons

In the year 1923 the county assessor of the plaintiff county carried an account in his official capacity with the Pinal Bank & Trust Company, a banking institution doing a general banking business at Florence, the county seat of said county. On the eleventh day of May of that year, the bank, being insolvent, was taken over with all its assets and property by the defendant, A. T. Hammons, superintendent of banks. At the time there was deposited to the credit of the assessor, as such, the sum of $6,752.81, of which $5,421.73 represented personal property taxes collected by said assessor during…