Board of Financial Control v. County of Henderson

The city of Asheville had certain collateral notes to protect its deposits in the Central Bank and Trust Company of Ashe-ville when the bank broke. To collect and settle the many matters in which Asheville and Buncombe County were interested in, from the failure of this and other banks, the General Assembly set up the Board ■of Financial Control of Buncombe County, the plaintiff in this action.

Under this set-up the plaintiff acquired an office building in Hender-sonville, Henderson County, N. 0., by conveyance, on 13 November, 1931, and since that time has rented it as an office building to…