State ex rel. Independence County v. Citizens Bank & Trust Co.
Supreme Court of Arkansas
Appeal from Independence Circuit Court; Bene H. Coleman, Judge; statement by the court. This suit was begun in the Independence Circuit Court by the appellant against the appellees to recover interest -claimed to be due Independence County from the Citizens Bank & Trust Company (which, for convenience, we will ¡hereafter designate as the bank), -while acting as county depository.
Read the full summary
Appeal from Independence Circuit Court; Bene H. Coleman, Judge; statement by the court. This suit was begun in the Independence Circuit Court by the appellant against the appellees to recover interest -claimed to be due Independence County from the Citizens Bank & Trust Company (which, for convenience, we will ¡hereafter designate as the bank), -while acting as county depository. The appellant alleged, in substance, that the bank was duly designated as a depository for Independence County on the 13th of January, 1913, and that it executed its bond to the .State of Arkansas in the sum of…
1Opinion of the Court
Wood, J.,
(after stating the facts). Although the bid of the bank was illegal, as held by this court in Casey v. Independence County, 109 Ark. 11, nevertheless it had the effect of causing the county court to name the bank as depository, and the bank acting in the capacity of county depository proceeded to execute the bond, and the funds of the county were deposited with it and it had the use of these funds for a period of six months. This bid and bond were in the nature of a .contract with the county to pay it the interest specified in the bid in the manner prescribed by law for county…
2Cases cited1 opinion
- Casey v. Independence CountySupreme Court of Arkansas · 1913
3Cited by6 opinions
- Sullivan v. City of GalvestonCourt of Appeals of Texas · 1928
- Talley v. StateSupreme Court of Arkansas · 1915
- Farmers' State Bank v. Brazoria CountyCourt of Appeals of Texas · 1925
- Murray v. Murray Laboratories, Inc.Supreme Court of Arkansas · 1954
- Rone v. SawreySupreme Court of Arkansas · 1939
1 more not listed; retrieve them via the Exa API.