University of South Carolina v. Elliott

Bussey, Justice.

The respondent, University of South Carolina, in June 1964 commenced an eminent domain proceeding in Richland County and, in the course thereof, deposited with the Clerk of Court of Richland County the sum of $140,000, pursuant to the provision of Section 25-109 of the 1962 Code of Laws. The Clerk of Court, although not required to do so, deposited said sum of money in one or more savings and loan associations, where it earned approximately $4,000 in interest. The condemnation case in which the deposit was made was settled, and the principal amount of the deposit in the amount…