Casey v. Independence County
Supreme Court of Arkansas
Appeal from Independence Circuit Court; R. E.Jeffery, Judge; STATEMENT BY THE COURT. In pursuance of an act of the Legislature, approved April 22, 1907, as amended by an act approved May 4, 1911, the county court of Independence County, at its January term, 1913, received bids from such banks as might desire to become the county depositary. Three banking companies filed sealed written proposals.
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Appeal from Independence Circuit Court; R. E.Jeffery, Judge; STATEMENT BY THE COURT. In pursuance of an act of the Legislature, approved April 22, 1907, as amended by an act approved May 4, 1911, the county court of Independence County, at its January term, 1913, received bids from such banks as might desire to become the county depositary. Three banking companies filed sealed written proposals. The First National Bank made a bid of 2y2 per cent, and the Union Bank & Trust Company made a bid of 4% per cent per annum for the funds of the county. The Citizens Bank & Trust Company stated in its…
1Opinion of the Court
Hart, J.,
(after stating the facts). The judgment is sought to be upheld on the authority of the Bank of Eastern Arkansas v. The Bank of Forrest City, 94 Ark. 311, and Regan v. Iron County Court, et al., 125 S. W. (Mo.) 1140, but we do not think the principle announced in either of these cases sustain the position taken by the county court. In the case of the Bank of Eastern Arkansas v. The Bank of Forrest City, supra, appellee, in its proposal, did not name any specified.rate of interest, but stated that it agreed to pay five-sixteenths of one per cent more on the funds than the highest and…
2Cases cited3 opinions
- Webster v. FrenchIllinois Supreme Court · 1849
- Lee County v. RobertsonSupreme Court of Arkansas · 1898
- Bank of Eastern Arkansas v. Bank of Forrest CitySupreme Court of Arkansas · 1910
3Cited by13 opinions
- City of Gainesville v. HarderTexas Supreme Court · 1942
- O. C. Kinney, Inc. v. Paul Hardeman, Inc.Supreme Court of Colorado · 1963
- Short v. Sun Newspapers, Inc.Supreme Court of Minnesota · 1980
- West Carroll Nat. Bank v. West Carroll Par. Sch. Bd.Louisiana Court of Appeal · 1961
- Holliday v. HigbeeCourt of Appeals for the Tenth Circuit · 1949
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