Board of Twp. Trustees v. Gray, Supt.

CROW, PJ.

Three questions of law are thus presented for decision. First, Was the money which was placed in The Citizens State Bank between the expiration of the two years covered by the depository agreement, and the taking possession by defendant for the purpose of liquidating The Citizens State Bank, of such a nature as to constitute such deposits a special or trust fund, entitling it tq priority of payment as against ordinary deposits.

Undoubtedly, during that period, there was no lawful depository status in The Citizens State Bank, unless the words in §3321, GC, restricting the period for…