Johnson State Bank v. Raney

Citations

• 99 Kan. 80
• 160 P. 980

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Public Funds — County Depositories — Responsible Banks — Banks Outside the County. Under section 2163 of the General Statutes of 1909 only responsible banks are eligible to designation as county depositories, and if no responsible'bank or banks will accept the public money or funds which come into the possession of the county treasurer and pay interest théreon, the board of county commissioners is authorized to designate other banks of the state outside of the county which will accept the money and funds, pay interest thereon and give a bond as the statute requires.</p> <p>2. Same — County Commissioners to Determine Responsibility of Bank— Good, Faith. The board of county commissioners is vested with power and discretion to determine the responsibility of banks offering to act in the capacity of depositories, but the determination of the question must be made in good faith, and never at the mere will and pleasure of the board.</p>