In re Coatesville Trust Co.

Windle, J.,

When the Secretary of Banking took possession of the business and property of Coatesville Trust Company, on October 1, 1931, the treasurer of the School District of Cain Township had on deposit therein in two accounts a total of $9,678.27. These deposits were secured by a depository bond agreement with bonds of said trust company held as collateral. *558After the trust company closed, said 'bonds were sold for the sum of $7,213.61. In the first and partial account filed by the Secretary of Banking he admits liability to the school district in the sum of $2,464.66, which is the amount…