Morrilton v. Moose

On December 20, 1926, the city of Mo-rrilton by proper resolution designated the People’s Bank & Trust Company as the depository for the funds of the city, and on the 23d of December, following*, a depository bond in the sum of $10,000 was executed by the bank and signed by the appellees as sureties by which they obligated themselves that the principal, People’s Bank & Trust Company, should promptly pay. upon presentation all checks lawfully drawn upon such depository by the city treasurer or other proper officials of the city of Morrilton, so long as any funds of the said city should remain…