The Mena weekly star., 1913-03-06
COUNTY DEPOSITORY TO LET.

Notice is hereby given that under and by authority of an act of the general assembly of the state of Arkansas, entitled, An Act to Pro- vide a Depository for the Counties of Polk and Scott" approved February, 1911, the county judge of Polk county will at noon on the
 first day of the April term, 1913, of
 the county court of said county, receive propositions from any bank or banker or trust company that
 desires to be the depository of the public funds of said county, and shall on or before noon of said day April :, l9l3), file with the clerk of said court a sealed bid stating the rate of interest per annum, pay able in cash, offered to be paid by such bidder for the next two years ensuing, upon the county funds kthat may be deposited in pursuance
 of such bid computed upon the daily balance to the credit of the
 county, payable monthly, and said | bid shall be accompanied by cer- | Nf-ptHfN" | Such checks of unsuccessful bidders
 10 be returned te them as soon as a 1 depository is selected and the check l aforesaid of the successful bidder to be returned upon the approval
 of the bond required of such bidder, | to be filed within twenty days after 1 the selection of said depository, in the sum of Seventy Thousand Dol | lars. conditioned for the due and proper performance of all the obli- cations deVOlVing by law upon said depository, and for the prompt pay
 ment at the county seat, upon pre- sentatiOn of all checks drawn upon said depository by the county treas urer al a place to be designated, so
 long as said funds shall be in such depository, 10 the credit of said county, and that all funds of said county shall be faithfully kept by sand depository and accounted for according to law. Which bond must be signed by not less than five solvent, qualified sureties, who shall own in this state unencumbered real estate of value equal to the amount of the bond. Or, in lieu of bond, such bidder may deposit bonds of the United States of face value not less than the amount of said bond Or said bond may b. given by any authorized guaranty and bonding company doing busi- ness in this state.
 That at noon on said first day of said April, 1913, term of said court, said court will publicly open each of said bids, so presented, and shall select from among such bids. as the depository of the public funds of the county. including school and road funds. the bidder offering the highest rate of interest, as above stipulated; provided, that bidders can make separate bids for one of the school funds. or any part of the schools funds, or the school funds of any district, or districts, and an other for the county funds, and the court can select separate deposi- tories for the separate funds. and that the court has the right to re-
 iect all bids.
 That if the depository selected shall not he located at the county seat if shall be the duty of the de- pository selected to provide for the prompt payment at the county seat of all checks drawn on 1t by the county treasurer and file with the county treasurer a statement de- signaling a place at which such payments will be made at the county seat.
 The county court may at any time require new or additional bond to be given if he deems it de- sirable. or may order such funds returned to the county treasurer if deemed necessary for the safety of the funds
 Tn testimony whereof, I have heremto set my hand and seal as clerk of said court, this 3rd day of March, 1913.
 w. l.. PARKER. County and Ex-Oflicio Probate Clerk
 of Polk County, Ark (L. S.l
 30S-t0-im