Ross v. Lee

STRUM, District Judge.

First National Bank of Jasper, Fla., which for several years had been designated a county school fund depository for Hamilton county, Fla., was, on December 2, 1929, again designated as such depository for the year 1930. The bank undertook to qualify as such depository by complying with chapter 6932, Laws of Florida, Acts of 1915, as amended by chapter 8527, Acts of 1921 (section 2403 et seq., C.G.L. Fla.1927), and on December 2, 1929, entered into a depository agreement with said school board under which the bank pledged *973certain bonds owned by it as collateral security…