**OFFICE OF**  **THE ATTORNEY**  **GENERAL OF**  **TEXAB**

**I AUSTIN** Ronorablo J. R. (Billy)Hall, page 2

ban!! In the County as thoy $00 fit OQ the

. depositories, and keep tha County nonoy In " osoh of the Dank so dosicnntod whon thsy 

### bsve qualiriad a8 C'ounty deaosltorios." Chapter 2, Title 47 (Artlolos2544-2558a,lnolusivo Vernon% Annotatad Civil Statutos)portoins to the applloatio~ selection,

daoICnetlonand qualification Of county dep0oItorj.e:. Article2540, Vernon’s Annotated Civil GtatUtSS, provides in

.’ part 8 I

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-. "It shall bo the duty of tho Commlsslonors Court at ton o~oloolc a.m. on tho first Uay of each tarm at whlch,bank.aro to bs oeloctadas - g county dopositorlas, .toconsldor al.1

nppllcab tiers filed with tho County JudCo, cause such applicationsto be entered upon tho mlnutos of " tha court and to soloot those applicants that " are cooeptableand who offor the uoot favorable tarns and conditionsfor tho handling of such funds and having~

tho powor to rejsot thoao whose mars(;ement

or condition, In tho oplnlon of tho Court, does not warrant plncln~ of county funds in their posoossion.~ The County Comfsoionors c~ Court shall have the power to detormlno and dasigate tho charaotorand amount of county funds Mhioh will be degooltodby it In said do- ?ositorIes that shall bo 'damanddepositst . and what oharaotor end amount of fkncls shall be *t:medoposits';and mny oontraotwith SE&?'
. degositorfssIn rogaard to the payment of intarost on ,!timo

deposits*at ouoh rats or rates’.; .,- es z?ay be lsviful

under any Aot of tho Cow,roas of the United States and any rule,or rOCUlatIOns.‘. ": that may bo promulgatedby tho l?onrd OS Cov- '. I ernors of tha yodernl Rcoerva System and the Soard of.Dirodtorsof ths yodoml Da>osit Insur-
. ante Cor~oratlon. 'ilhsn the selootion of a degoaitoryor dapositorics hao boon msdo, tho‘ checks of those appllrantswhich havo boon rojoctod shall 50 Inmadlstolyroturnod. Tho oheck or ohdoks of the appllCMt .or.alI~lIoonts whoso sp~lioatlonsare occaptod shall bo re-'
. turned whon aaid depository or de?osItorios onter Into~and.fIla tha bond.

roquirod.by law end said bond:has,'bsan apyrovod.by the C~tis- 1’. sIonors Court'and'this Gtote:Comptrollor, and not

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Rosorable

J. R. (Dilly)R&l, l?e,o 3

until suoh bond is filed and approved.
. . .O Under thoebove nentlonod statutes,banking corporetions, essooiationoor 'Individual benkors daslrinC to be dosQnetod es county depositoryaro euthorlzod to dollvor to tbo county judco'enap?llcetionap?lyiw for suoh funds and seida?plioetionshell state the emount 0: paid up capitol stockend permenant surpluses of said honk, end th?rti ohall bo furnished

wil;h eeid ep~licationa statanent showing the : :. flr~nolel

oondltion~ot

seid bank end the data of said appllcetlon,

?!.hioh shell'bedollvorod to the oounty duds;0 on or beforethe 1st day of 'the term of the ~Commianionorsf Court '.' ', et whioh the selectlon~oi the dopository Is to be medo.

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. AStor corofully consldorinctho'ebovo nantlonod statutes,

MO ngreo x5th the conclusion, stated in your lottor, end thnr'eforo it is our opinion thet the Commlsslonors~ Court hes the authorityet the proj=r tima dosi,~ncted by the stetutes,~to

dssiCrute esmeny banks in the ,county esthey sga Rro?,or as daposltor$es;and to koo~~tho county monoy in oeoh of thb benks so deolgnated, vrhen said banks heve quail-

. fled as oounty doposltorles under the ebovc mcntlonod stat-
. utes. .' '. Uowyover, in this connacti.on ~1s. cell your nttontlon to our opinionXo. ~0-3238 which holds in offeot thst the ebovanontloned atatutes cloerly roqulr~ that county do)ositorlos era to be soloctod.bythe Commissioners1 Court from thosebanking institutions rrho hevo rogulerlymedo ap?lloatlon in acoordenoowith the stetutos. Also your attontlon is dlrootodto ouropinion Rio. C-3172 chlch holds inefioct thet the Commlsslonors' Court has no lace1 authorityto Rleos '.' trustfunds in the possassionof distrtot clorksecd county clorl-s ;tn:. dlfforontdepositories. J?o~eroonclosin:: Oopios OS eeoh of tho above mentioned oalnions for your lnfoxinetlon~ * .', Trusting &it tho ror~Coi~n'~rully.~,answers your inqulry,iv8

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