In Re Liquidation Farmers Bank v. Moberly

The appellant, Ed E. Powell, is trustee of Mount Pleasant Township, a duly organized township of Bates County, which county operates under Township Organization. As such trustee, appellant, being entitled to the custody of the funds of said township, filed claims for preference with respondent, State Commissioner of Finance, for the amount on deposit in each of three banks being liquidated by said Commissioner. Said banks were placed in charge of said Commissioner in April and May, 1934, and then had funds of said township on deposit as follows: Walton Bank & Trust Co., $2,818.97; Farmers…