State Ex Rel. City of Grinnell v. Carney

I. Defendant Carney was city treasurer of the city of G-rinnell for the term commencing January 1, 1924, and ending April 1, 1925. On January 23, 1924, said treasurer executed his official bond, with the American Surety Company as surety, in the penal sum of $50,000, the condition of said bond being that the said Carney, as treasurer, "shall promptly pay over to the person or officers entitled thereto, all money which may come into his hands by virtue of said office." As treasurer, Carney deposited city funds in the Merchants National Bank of Grinnell, Iowa, of which he was an officer, the…