Independent School District No. 1 v. Diefendorf

December 31, 1932, appellant had on deposit in its sinking fund account with the Lumbermens State Bank & Tx-ust Company, the sum of $2,293.58. Appellant owed the Department of Public Investments of the State of Idaho $2,375. Appellant took the sum of $3,000, advance taxes due it from Benewah county, and deposited the same in the bank in the following proportions: $333.34 in the sinking fund axxd $2,666.66 in its general fund, and gave its check to and drawn on the bank against the sinking fund in the sum of $2,375 for which it received a cashier’s check payable to said Department of Public…