City Nat. Bank v. Eastland County

In February, 1919, Eastland county designated the American National Bank of Eastland as county depository for the statutory two years' term. In June, 1920, the depository notified the commissioners' court that it did not desire to act as depository for a special fund which had been derived by the county from the sale of good road bonds; whereupon, the City National Bank of Eastland was designated as a depository of those special funds. By the contract between the City National Bank and the county 4.52 per cent. interest on daily balances was to be paid to the county. Upon being elected…