Town of Douglasville v. Mobley
Supreme Court of Georgia
1Opinion of the CourtAtkinson, J.
On February 6, 1928, the treasurer of the Town of Douglasville, having on hand certain funds, aggregating $26,-623.41, that had been collected by taxation and set apart as a sinking-fund more than six months prior to said date for retirement of municipal bonds that would not mature within one year, deposited such funds in the bank of the Douglasville Banking Company, of which institution the treasurer of the Town of Douglasville was cashier. At the time of the deposit the said cashier issued, in the name- of the bank, several certificates of deposit amounting in the aggregate to the whole of…
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