State ex rel. Citizens Bank v. Patterson
This text of 108 S.W. 1127 (State ex rel. Citizens Bank v. Patterson) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
This is an original proceeding by prohibition against respondents, who are justices of the county court- of Stoddard county. An alternative writ was issued by one of the judges of this court, in vacation, to which writ respondents have filed their return, accompanied by certified copies of the proceedings of the county court of said county, out of which the controversy arose. The petitioner has filed a demurrer to the return, and the cause has been submitted on the petition, return to the alternative writ of mandamus and petitioner’s demurrer thereto. Briefly stated, the facts are that on May 5, 1905, on its bid to pay 3% per cent per annum, petitioner was selected by the county court of Stoddard county as the depositary of the funds of said county and the public school funds, for a term of two years from the date of the order of selection. Petitioner executed the bond required by statute, which was approved by the county court, and petitioner thereafter became the depositary of the county and public school funds of Stoddard county. The overflowed and swamp lands of said county are divided into drainage districts. Districts Nos. 1, 2, 5 and 6 had money to their credit, and at the February term, 1906, of the county court, an order was made, reciting that no provision had been made for depositing at interest the funds for the various drainage districts of the county, and asked for bids. Bids were received on March 22, 1906, and opened by the county court, and petitioner being the highest bidder, at 3% per cent on daily balances, was selected as [284]*284depositary of the funds belonging to districts Nos. 1, 2, 5 and 6, for a term ending July 1, 1907. Petitioner’s bid was for all the drainage districts in the county. District No. 4 had no funds at the time and, presumably, for this reason was not named in the order selecting petitioner as the depositary for drainage districts. The petitioner accepted the designation and gave a good and sufficient bond, which the court approved, obliging itself to safely keep, etc., and pay 3% per cent per annum interest on daily balances on all funds deposited with it, belonging to districts Nos. 1, 2, 5 and 6, and thereafter the funds of these districts were deposited with the petitioner. Prior to June, 1906, bonds of district No. 4 were sold and the proceeds paid to the county treasurer. On June 4,1906, the Peoples’ Bank of Bloomfield, Missouri, through its president, O. A. Mozley, appeared before the county court of Stoddard county, and submitted the bid of the bank to become depositary of the fund of district No. 4, offering to pay 3% per cent interest per annum on daily balances of said fund. The bid was accepted, the bond of the bank, with approved security, was executed and filed and it was selected by the court as depositary of the funds of district No. 4.
Writ of prohibition denied and proceedings dismissed.
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Cite This Page — Counsel Stack
108 S.W. 1127, 129 Mo. App. 281, 1908 Mo. App. LEXIS 115, Counsel Stack Legal Research, https://law.counselstack.com/opinion/state-ex-rel-citizens-bank-v-patterson-moctapp-1908.