Gormley v. Board of Commissioners

Under the ruling made in Williams v. Bennett, 158 Ga. 488 (123 S. E. 683), the money deposited by the commissioners of Troup County in the LaGrange Banking & Trust Company, according to the contract, was for a single specified purpose. Under that contract the money was to be held by the bank and to be paid out only on checks in payment of a specified bonded indebtedness of the county. Under the contract the county was without the power of withdrawing the money from the bank for any other purpose. It could not withdraw the money, even if it became aware that the bank was in failing condition,…