COFY COFY OFFICE OF T:E ATTWWEY GZ.NXXL OF TEXti

;.USTIR Gerald c. Mann kprll 8, 1939 **Attorney** General

Hon. Y. N. Darst Count Auditor Fort 8e ad county **Rlch~nd,** Texas Dear Sir:

has boen OpinionNo. o-559 Re: fibat

dlsposltlon should be s&e of lntkst Datint .bY

Iour request for an opinion on the above stated 

### question receivedby this orrlce. You; ~gtter reads ii **part** as.follows: "In 1923 ?avls k Company had been seleoted by the County as depository for the various iunde:ald.had.on dtiposlt

to the oredlt of seieril funds oertaln amounts-whenthat lnstlthtlon suspendedpa-eats, and in :rugust following **the** partnership anl lndlvldualmembera thereoiweredeclared bankrupts, since which time iantll~recentiy the estates have been in process of adminiStrationin that court. ~Davls k Co@any cave the usual deposltory%ond, provldlng for the Payment of 6% tnterest on deposits M&oh-bond -8 exeou%ed bjra number of 

### sureties.:The 

### officers of the.County f'lled olalms with the BankruptcyCourt in a large emount,,and oolleoted'tromthe suretiesa portloa of their deposlts,but not all. Xlth the payments by the suretiesand payments ~through the Bankruptcy Court,Uheprlnolpal of the olalms, together.wlth interest to date &.adjudloatlon, was paid. Reoently the Bankruptoy Court trade a oonslderable

paymeet on the interest on the olalms accumulated since adjudication.The Correct disposition of this payment of interest 1s the matter upon which your o$lnlon 1s dealred." Title 44.of the Revised Civil Stdtutes 1911, Artlole 2MO to 2453, lncluslvc, contains general ~rovisior.s with reference to county ddposltorlea.The above mentioned statutes osere In full force and eifect at the time t;fthe selectionof the depository of the funds of Fort Bend Courty in 1923, and would control and govern the disposition of interest oollected on such funds.Ron. W. N. Darst,hprll 8, lQ3Q9, Page 2

terest la the matter upon which your 1s desired." oplnron
Tltle.44of the Revised Clvll Statutes 1911, Article 2440 to 2453, inclusive,containsgeneralprcvlalons slth referenceto oounty deposltorles. The above mentioned statuteswere in full tome and effect at the t&ne of the ssleotlonof the depositoryof the funds of Fort Bend County ln 1923, and rould control and goverc the dlsposltlonof interestcollectedon such funds.

&Mole 2442, 'Revised Civil Statutes,1911, reads as follows:

*It 8hell be the duty of thr eaarisaloaera* oonrt at ten o~oloak **A.** Y., 01 the tlret day of eaoh term, at nbloh, by.~artlole MIO, bids are required tc be .meelwed, to pabliely open suoh.bldsand oaaae eaoh bid to be eaterad upon the aiatatee of the ooart, and to seleet as the depoeltoryof all the faadm Oc ths oouaty the banking eorporetlon, ab8oolatlon.

or lndivldual banker, offerlag'to pay the larg58trata OS interestper 8nntmSor eeld faads; provided, rl ;ogssloaers* oourtmey rejeot any and

. The latereatupoa such oounty Baud8 8ha11be CORmtt¶dUpOtlth dallyba1a#loe8 t0 the oredlt of suoh eouaty dtb woh **depocritory,** aad shall bs payable to the aouaty trearrurer monthly, aad shall be placed to 

### the orsdltof the jury **faad** 

### or to 8uoh funds 

### aa tlm oomlsalonerb* court my dire&. Ubea eeleotloaof a depoaltoryhas **been msde,**  the eheoks of bidden whose bids have been refsoted 8hau be Imaodlately returned. **The ohwk.of**  the bidderwho8e bid ia aocepted shall be rettunedrhea hi8 bond 1s filed and approvedby **the** cQpplssloners* aourt, and not until such bond 18 **flled** and approred.a The faot that the depositorywasp deolaredban&- rupt would not affect the ~isposltlonof interestoa the funds of the county when &ollected and paid to the **county,**

tHon. **W.** N. Darst, April 8, 1939, Pa&e 3

has the right and authorityto detexmlne the dlsposltioli of Interestpayments on county funds by a bankrupt oounty depositoryaa providedby law for the dlsposition of such interest on these fund6 at the time the selectionof the.depository ~36 made. You are further advised that the law in foroe and effeot at the time the releotlonof the de

### poaltory in questionwas made ~prcjvldes that 8uoh latereat should be. plaoed to the oredlt of the Jury $unm$ to suoh funds qs the Conmissioners* Court may

. Trusting that the foregoingazkswem your inqulry,~weremain Very truly yours **ATl ’** **ORNE!?** CmERhL OF !imLAs

AW:AW &RovEQ: By (~Slgned Ardell **Wllllams** Ardell Willlams Asalstant

(Signed) Gerald C. Xann Al’l’ORNE!C UENXRAL OF TEXAS