### Eanorrblo 1. b. YJoho- pa@ 0

AFClOlO3828, 

### VO(,Zat'8 AnnoCatod Clvll 

### 5tahsto*, proVI&or thbc tho tom* oountl trobAwoP* 

### Md •oouac~ tmr

### ury’ b8 u8.d la all provl8inu relating co rcbool rball bo oon8truod co moan Cbo 

## oouatt dopo8lco~,

iz?%t tklo 

### 8oa1881ato?8' court 

### rbll Ill0 rlth the stat. 

### Doprrt**meat of**  

### B&obtloa **a 0091**  **of tlao**  

### bead of raid doporltorr to OOTO? rehool~.
Ar.tlole 

### 2629 of tho l 

### bmo oodlflutlon pawvl’lo8 b8 Sollovr t 

### Ylitun tveatt 

### da78 +ft*r the reo*ipt or l oorClfl~atoof it8 8oloctlon, the 

### Countf Deporltorf rhll 

### rxecuto a 

### good **bad** 

### ruf’liolent bond, pqablo to the County JuQgs, ln **amount** 

### l qu@l to Cbo prohblr 

### uount of 

### l ?allabXo S&o01 ?und, vbloh UJ k on doporlt 

### at my **en. tlmo,**  **utd of**  **tho** pomaaoat Couat~ **Fund,** 

### to bo ortiutrd by the 

### Countr Buporlatmdeat, oc Carpi88l~on~ Court ln 

### a ootatr bylag no suporlatMd8nt, and 8tlall be conAltloaad that thr 

### depomltory vi11 faithfully perfom Lt8 

### dutlor undo? thlo title, and 

### rrfrly **koep** ati5 

### faithfully dirbuno the School Fund 

### l ooocdlag to fmv, anb pay ruab vbrrbntr a8 M# be 

### drrva QI uld fund bl 

### oapatmt 

### l uthorlt~) prorl&d, In 110~ of raid boa& rueb doporltory mar 80- ours bald bobool Funda ln the 8a80 Manor aa Im nov rorldod bl Iav for qwlificrtlon as CouatJ is po8ltory. %a* 1-A. la the ovont deporlcork8 hare boon roloatsd bt 

### the time 

### of 

### bdO$'tiOtt of tho aboro prer%,rlm, roeb doposltorlor u), at optian, uouun ma14Uchool hrnd br 

# l gp?ovo4 rocurltlor otbor than by powma bond. Artlolo 2824 ruthoricor raoh oountr to roll or dlr- ~080 OS the lamb gwtod 

### to it Sor odueatianal 

### vurpo8e8 and imost 

### thop~~ceedr thawof labondr

of 

### tho

## tw r-clflod Cboroln.

### O\P **8iQv.r Ceet**  hd thlm qrurtla kiaro 

## it %n Uw



### oano U Xomvnor ve 

## Couaty of Wlvmmton, 73 9.x. ~16, 11 8.Y.

%o have not found w 0-u ~orl~lon of mo rtatatorvhloh8ako~ mo OOuntJ tlwA@lwo? 

### ~Nmtmalmn Of tanmmou?ltlom bmlmaglq

# to tb p?Mamntmmhoml?ua&. ButholrPoqulPodbf8P

## tlolm 995 

## tmbopmn mmoountmf'tbm dobtmdum to an4 fkom hlr oouae, 

### to Qinot peououtlonr dooordl4to 

### lawfornowory of 

### alldmbtm 

### that Ipbo am hlr e0un~,urdrn s 

### rlnkad ale-‘ool+ 

### lootioa tbxJoof'.

&tlelo nqulPo8hl8 to Vopmrtthm dobtm4uato - omunty tm thm Oa

## 8im810nem1

Oourt, ad tbo moxt 

## l mmoaodlng me tid@ 

## 8-w8 -8 lUt&U 2r' 'Roau3.l &llTU tb Wn8y8, morurltlmm, 

## tith@ all emu mprtq 

## OOBSitJ ilthimaldr-*tOhi 8W6088oT la 

## offia~* niama rsUml.8 

## mPml



## afYi8loattm ahov am vo mink mat lb vul 08tompl8tod

mat 

## tb ooun~t?euuPoP

&mile br the l

\utdl& 

### of mo DoouPltlo8bolaglagto 

### me mhoelt~ of ma umy.' (Artlolmm

995,996rod 997,mborr?m?mFrmd to mo court 

### hwo ken bra 17l.l andins, lltrO.b.,

1 ttorvu4 % 

### .) l

m&tlmIom 

### 171,



### If 

## &O 8kttlkS

-lath0 t0 

## fb OOUDW dO~8itOFJ hW0Eonor4blo R. 8. uyollm - pmg4 

### 4

IlOtohqpd th4 **1bV** tith 3 ’08~0t t0 th4 OUStw Of SUOh 84- oWitfO8, thM th0 4bOVO-qUOt46 holdlag **UI8VOPS OW**  qUt#tiOD, **for** the St4tUtOS Qit4d **by** the court m Still it~ cfftat.
m8 qUO#tiOD **VOS bOfOrS**  **this** d8p8hnmt in 

### 1931. **Ve** quot, the folloving fPOm L letto? o~S.~lon of June 9, 

### 1931, to Honorable 8. W. 1. **~WZ ’** **S** State Superintendent of Publlo ~nStIWOt1Oll (vol. 32, Q. 

## 344)t

“It**i8 OW**  **OQilliOtl**

**. .**  **.** 

### th+t”tht ttXl8 'fund8 $8 8ynonylsoUa vith tbe krm 'mon4j' ***I** used **in** thi8 **OOnnOCtiOtY**

**. .**  **. The**  **term** 

### ëfund8í l VidaSitlj

**CCLIttl&MteS,** U U84d in th4 St4tUt48 Ttl&tiVO t0 

### ‘theOOUDty dtpositOl'p**Of SChOO1**  fUDd8, 8OI&.~h1~ t0 b4 pl804d vlth me ba& vhloh Ifill own lilttre8t OD the entire 4mouztt. In th18 OOmSrOi&i S@, it **VOtid** b0 ridiOtiOU8 t0 @84trt that 4ny b&z& vould paylntmecrrtto the county for the jmlvlle Clll'iti48

**Kh**Y Of holding bond8 4r 

## other 84- **Oh** it **Ta8** Dot **.fl ’** **44** t0 **$411 01**  **‘** dispo8o Of Mb tbU8 Wk4 money for it44lf. The act Is based upon the well knovn f4ct that bsnk8 OM ltnd arOa4y deposited vith tlxm ad 4~11) Interest, snd thay are In turn olmrgsd **With** tht US0 Of th4 ln~rtey plraod with them, whkh they in **turn** ~84 **in the**  bsnking bUSilbS88. (I

. . . "

**. .**  **. .**  **Lou we**  **adrlmad** that **the cw**  t&y 

### of tht bon&and **Other MOUr~tiOS**  **NP** 

### resenting ~ilNtStarellt8 Of **the** POI'mMtnt Sohool FuaG, in styOpiDiOD, **VOtid** ti with the OOUnt$ **trtosurtr of**  **tit** county. By Artiole 1712 **th18 oPfiol(Lt**  ir, requlrdd t0 deli?eP to hi8 8UC04880~ IlOt OtiJ th4 lnOD4~8 OF 0-l’ POP 

### trty of the oounty in his hands, but a80 th4 StCIX’iti48. **tI18 gewral**  

### bond **OOV4PS**

**.. hi8**  P44pOnslbLIlty rOr SUOh 84CUPiti48. Kelap nor v. County of Omlromten, 

### 73 Tax. 

### 216."**‘ ,**  **,(** ***** **“**

**. ‘** 

**..**

~onoralo 8. 8. uyOh4 - w 5

It Is out oplnlon **that** the **popmr** oon8tmotlon or tQm 14~ 18 4naouno4d in the above-quoted o~lnloa.
e18 OODOhSi0tt 18 fWtiri.Od w M l

XWMtlOD Or 

## tax4 l tdUtOB 

## th4nm4lvbm.

&Mole 2547 la provt&lag for tbo 8wmtJ bonds or 6OUD+Q dO~BitOPiO8 mW1d48 tbd thOJ Ihti k in M (Lmount "4quU to tii4

## crmtlt8atod hlghort dally bal4no4 0r #U&h OOUn~ W **dettrmiwd** w t& cOEd8~iOItO~8 COU’t, 8U4h l atim&t4d dally belanoe t0 b4 L.Btr0OVOnt 1488 than StVttlty-ihO FOP Otnt~~oi the hQhO8t drily balenot 6f Stid oounty for tho next preoedlng par, 1488 the amount of bond funds ncolrod md 

### trptndod, provided, hovover, ID tb4 tYOnt th4t eOUTitY fU.ttdS derhod fi0m tht S&4 Of OOUQ~ 84OUJ’itit4 during th0 krm #UC& 

### bond art 

### dtporltod, l

u0h C0~~l8810~4~8 Court shall Mqulra a&&itimRl bond e&/or bODd8, Uxd/Or &hit@ Or 8eouritle8 4QI.u t0 tbs WIIOIIDt Or SU0h 4dditiOnti OOWIe hrad8." (daphP818 Supplied)
Artlole 298 ~OvideS In vwtr
"Uhentwr , piter the croatloa of 0 oouattty

depository, AS by th18 &t ~ovidtd, 

### there ohall 4oorut to dlvlsiw theroo~, any the aountg w My SubiUnd8 Or !nQtttyt fPom

._ _ ._ the S&t4 Or DOWiS W OUlWVlSO, tll0 CowriBtiiOml.8 cOUl@t Or muoh OOUDtr at it8 fir8t lssdtlng UtW SU4h BP4OiCi rUDd8 &a h4YO OOStO into th0 TrOaSUTJ, Or dtpO#it~ Or D&t OOMty, 0í2 80 l dOD th4P44ft4P U Ouy bo prMtiooua,tBv mko VrlttendOmand upon the **dul7** uaoredit4d 4ad l Bt&blISh depO#itorJ 4r th0COUnw for l 89801a aitiord bond 08 BU4h dOpOSitOF7 ia l *Um 4- QU.Sd t0 the KhOlt SAIOUtIt Or SU4h 8~401a fu0d, t0 bt kept in rOrO4 SO ~OD# (LB #U&I fund8 ma&in In such 6tpaSitory.
It i8 88~1 

### 1~ thy rlr#t X&UCO %tit tb4 SW4iQ bond 18 

### to bo of a~ mount l qu&l 

### to

the "48tlmakd highest dally baliU30eq. It Ia our opinion that t&4 vord "balan04' oon-

### Eonoreble R. 8. Wyoho - PW 6

. aoo~unt where roaoys may be deposited 

### md lllthdrawn on rrsquent ooosslons. In the **seoond** 

### pl&oo* It Is obvious that the surety bond 

### Is sot to oover ssourlties, for provIsIon 

### is mede f6r 8th bdditional **bond** 

### to oover sddit1oas.l funds realized from the ssle o? seourltles. It would 

### bb lncon **to** 

### be In the oulltody OF UOU8 

### to ray that the seoupltles sre the depwltory tr 

### the surety bond under the law does not make provIblon to oover then. HUBIripal bonds we negotiable ln8trument8, 

### and the title to moot bonds passes by delivery. It IS our opinion that the Legislature **did** 

### not Intend that county-ovned securltles 

### should be plaoed In ‘the oustody 6f the county depoeltom. This Is evident from the requirement that the oounty de

### posltory’must furnzsh an addltlonel 

### surety bond to cover 

### sdditlonaJ funds realized from the ssJ.e of recurltles and deposited wit& the depository. You er6, therefore, 

### advised that it is the opinion of 

### this’ department that 

### the curtody of bonds owned by the oounty 

### permanent school fund 1s properly vlth the county 

### treasurer, and not the county depository. You &ek whether 

### the omnlssloneral court has the author

### ity to require an additlonsl seourlty bond for the safieReep lng of these 

### bonds. Your attention 1s 

### directed to Article 1704 which provides that the oounty tZ4asureF shall give b-’ bond payable to the oounty judge, to bt approv’ed bg the eon+ nls4~on4rrt 

### ootirt "in such sumis suoh oourt may deem neoesk%& 

### Artlele 1705 provide8 

### that the ootmnlssIonerst oourt,

It considers the bond or bends losufflolent, shall require such treasurer to give another bond or bonds 

### or en sddltlonel bond or bonds. Thlr authority is impi for the 

### court to require an additIonal bond If 

### it determines that the preeent bond 

### IS lnsufflolcnt. Vtry truly youra,

/ L---‘ - GUS-bv

APPROY E

r **OPINION** 

### COYMllTl

, _” /I-+: