Board of County Commissioners v. Foster

The opinion of the court was delivered by

Harvey, J.:

This is an original proceeding in mandamus, to compel the state bank commissioner to issue a certificate against the state bank 'guaranty fund for $90,656.80, being the amount of the deposit of Barber county in the Lake State Bank at the time of its failure in November, 1921. Defendant contends that the writ should not be issued for two reasons: first, that the deposit was “otherwise secured” within the meaning of the bank guaranty law, and, second, that the rate of interest paid by the bank upon the deposit was larger than that approved -by…