Village of Overton v. Nagel

This was an action by a village against a former treasurer and his bondsman for money lost by reason of the failure of a bank in which it was deposited. The treasurer of the village was assistant cashier and a'director of the bank. The trial court submitted the cause to a jury, under instructions which do not state the law applicable to the facts, and the jury returned a verdict in favor of the defendants. The village appeals.

The appellees argue that the statute (Comp. St. 1929, sec. 17-515) required the treasurer to deposit the money *265in the bank under the facts presented herein. This bank…