Valley National Bank v. Electrical District Number Four

YALE McFATE, Judge.

The appellant will be designated as the “Bank” and the appellee as the “District”. The District brought action in the trial court to recover money which had been on deposit in the Casa Grande Branch of the Bank and which had been paid out on checks written by an officer of the District and converted by such officer to his own use. The District is composed of lands in the vicinity of Eloy, Arizona, and was organized under the provisions of the Electrical District Act (A.R.S. § 30-501 et seq.) sometime prior to the year 1947. The account in ^question was intended by the…