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 (Artlolos 2544-2558a, lnolusivo 

Vernon% Annotatad Civil Statutos) portoins to the applloatio~ 

selection, daoICnetlonand qualification Of county dep0oItorj.e:. 

Article 2540, Vernon’s Annotated Civil GtatUtSS, provides in 

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part 8 I 

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.y 

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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 oeloctad as - g 

county dopositorlas, .to consldor al.1 nppllcab 

tiers filed with tho County JudCo, cause such 

applications to be entered upon tho mlnutos of " 

tha court and to soloot those applicants that " 

are cooeptable and who offor the uoot favorable 

tarns and conditions for 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 charaotor and amount of county 

funds Mhioh will be degooltod by it In said do- 

?ositorIes that shall bo 'damand depositst . 

and what oharaotor end amount of fkncls shall 

be *t:me doposits'; and mny oontraot with SE&?' . 

degositorfss In 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 promulgated by tho l?onrd OS Cov- '. I 

ernors of tha yodernl Rcoerva System and the 

Soard of.Dirodtors of ths yodoml Da>osit Insur- . 

ante Cor~oratlon. 'ilhsn the selootion of a 

degoaitory or dapositorics hao boon msdo, tho‘ 

checks of those appllrants which havo boon rojoctod shall 50 Inmadlstoly roturnod. Tho 

oheck or ohdoks of the appllCMt .or.alI~lIoonts 

whoso sp~lioatlons are 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 

. 

9. 
_, If 

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

until suoh bond is filed and approved. . . .O 

Under thoebove nentlonod statutes, banking corporetions, essooiationo or 'Individual benkors daslrinC to be 

dosQnetod es county depository aro euthorlzod to dollvor to 

tbo county judco'en ap?llcetion ap?lyiw for suoh funds and 

seid a?plioetion shell state the emount 0: paid up capitol 

stock end permenant surpluses of said honk, end th?rti ohall 

bo furnished wil;h eeid ep~lication a statanent showing the : :. 

flr~nolel oondltion~ot seid bank end the data of said appllcetlon, ?!.hioh shell'be dollvorod to the oounty duds;0 on or 

before the 1st day of 'the term of the ~Commianionorsf Court '.' ', 

et whioh the selectlon~oi the dopository Is to be medo. __ " . 

AStor corofully consldorinc tho'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 authority et 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. 

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Uowyover, in this connacti.on ~1s. cell your nttontlon 

to our opinion Xo. ~0-3238 which holds in offeot thst the 

ebova nontloned atatutes cloerly roqulr~ that county do)ositorlos era to be soloctod.by the Commissioners1 Court from 

those banking institutions rrho hevo rogulerly medo ap?lloatlon in acoordenoo with the stetutos. Also your attontlon 

is dlrootod to ouropinion Rio. C-3172 chlch holds inefioct 

thet the Commlsslonors' Court has no lace1 authority to Rleos '.' 

trust funds in the possassion of distrtot clorksecd county 

clorl-s ;tn:. dlfforont depositories. 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 aro ,. .,