Barnett v. Board of Education

This ease was tried on an .agreed statement of facts, in substance as follows: The State Bank Commissioner took over the Security State Bank of Frederick as an insolvent corporation, for the purpose of liquidation. At that time the board of education of the city of Frederick had on deposit in said bank the sum of $15,-569.05, and as security for said deposit held assets of said bank of the face value of $14,682.68. The board of education filed with the Bank Commissioner its claim for $15,639.29, which included interest on its average daily deposits up to the time the bank was taken over by…