Sturdivant Bank v. Stoddard County

The Sturdivant Bank sued Stoddard County on 389 county warrants and recovered a judgment for $7,167.92 covering all of said warrants except three. The trial court found that defendant was entitled to off-set its liability on these three warrants, which aggregated $395.08, with an equal amount of defendant’s deposit which it had in the Bloomfield Bank and Trust Company as county depositary in the name of E. E. Good, County Treasurer, when said bank closed its doors because of insolvency on December 2, 1930, and said items of indebtedness were adjudged to off-set and cancel each other.…