Allibone v. Ames

Citations

• 9 S.D. 74
• 33 L.R.A. 585
• 68 N.W. 165
• 1896 S.D. LEXIS 110

Syllabus

<p>1. A general deposit by a county treasurer, of county funds, subject to check is not a “loan” within the statutory or constitutional inhibition against the loaning of county funds, With or without interest.</p> <p>2. On a bond conditioned on the repayment by a bank of county funds deposited by the county treasurer, the obligors are liable for the repayment of the amount of a certificate of deposit given the obligee for money deposited with the bank before the execution of the bond, and subsequently redelivered to the bank, and the amount of the certificate credited to the obligee.</p>