County of Wilkin v. First State Bank of Rothsay

Taylor, C.

On July 28, 1921, the county of Wilkin designated the First State Bank of Rothsay as a depository of county funds and approved the bond given as security for such deposits. This bond covered the period of two years ending July 27, 1923. On October 15, 1923, the county again designated the bank as a depository of county funds and approved the bond tendered with the application of the bank for such appointment. On October 30, 1923, the bank was closed by the state banking department, and A. T. Dell as the representative of that department has been in charge of it since that date.

The…