Dalzell v. Kane

Opinion by

Mr. Justice Schaffer,

It was important that this case should be disposed of with all possible dispatch; consequently we advanced it and at the close of the oral argument entered an order affirming the action of the court below in dismissing the bill. We now state our reasons for the action taken.

The Act of May 2, 1929, P. L. 1278, section 401, 16 P. S., section 401, provides that the board for selecting depositories in counties of the second class shall designate the depositories for county funds and the rate of interest to be paid by them to the county. “Such rate of interest shall…