Dallas County v. Perry National Bank

KiNdig, J.-

The principal proposition to be determined is whether or not liability on the depository bonds in question ceased at the expiration of the county treasurer’s term, or whether, so far as concerns deposits made during the authorized period, responsibility of the sureties continued thereafter until the designated bank repaid the funds to said subdivision of the state or said official.

F. D. McKay was such officer for the years 1923 and 1924, duly .elected, qualified, and acting. That two-year term began January 2, 1923. Thereafter, McKay, with the approval of the board of supervisors,…