State Ex Rel. Smith v. Leonard

Appellee Boy Y. Leonard was formerly the State Treasurer for the State of Arkansas, serving as such from 1931 to 1935, and the appellee Fidelity and Casualty Company of New York was the surety upon his official bond. As such State Treasurer he deposited at different times in the Planters Bank and Trust Company of Forrest' City, Arkansas, the sum of $37,500 of State funds, pursuant to a 'contract between said bank and the State Depository Board. Said deposit was secured by' a pledge of bonds as authorized by law. Thereafter, from time to- time appellee Leonard,- as State Treasurer, made…