The Forrest City times., 1913-08-15
TWO SUITS FILED
Beginning of Litigation Growing Out of Failure of Bank of Forrest
 City - Bonds Forfeited.
 Says the Complaint.

Hon. J. N. Rachels, prosecuting at t0rney of this district, was in the city Tuesday and filed two suits in the circuit court Of St. Francis county, one against the Bank of Forrest City and it's bondsmen, as the legal county depository from July, 1909, to July, 1911, and one against the Bank of Palestine and its bondsmen and stock holders, as the legal county depository from July, 1911, to July, 1918.
 The following is brief synopsis of the complaints, which are quite vol luminous, and are accompanied by ex. hibits in full as noted The amounts and dates left blank is a matter of form. and to be arrived at by proof. We are informed that some of the interest sued for has been paid Any way, the public cannot take these fig ures as a basis, and they are not in- tended 10 be the actual amounts due. and, as stated, the amounts due, if any, must be learned or adduced by proof
 In St. Francis Circuit Court. Septem-
 Der Term, 1913.
 State of Arkansas. for the Use of St.
 Francis County, Plaintiff.
 ys.
 The Bank of Palestine, C. NJ. Wilkin-
 son, c. E. Turley, c. C. Fogg. T. 4.
 Buford, R. L. Pettus, Ellis Hurley,
 Eugene Williams, L. Hurley, las. NJ
 Gillian and Kate A. Wilkinson, ".
 L. Boon, NJ. A. Boon, NJ. O. Taylor,
 Jacob Miller, H. A. Terrell, R. NJ.
 Nimocks, L. A. Wilkinson, J. H.
 Stevens, The Banks Company, Aaron
 Sloniker. J. A. Sulcer, Oscie Walker
 and W. E. Dover, Defendants.
 The plaintiff, the State of Arkansas. for the use and benefit of St. Francis County, for cause of action states:
 That on the first day of the October Term, 1911, of the County Court of St. Francis County, being October ?, 1911, the said County Court, and one K. A. Rolfe, who was County Judge Of said County did select and appoint the defendant, The Bank of Palestine, as the depository of the county funds and school funds of said County of St. Francis, when and where the said de- fendant agreed to pay interest on all Of said funds at the rate of 6s per cent per annum upon daily balances. Copy of order and acceptance filed as Ex- hibit "A.")
 That on the 24th day of October. 1911, the defendant, The Bank of Pal estine, made, executed and filed it's bond in the sum of sl10,0OO, with the defendants, C. NJ. Wilkinson, c. F. Hurley, c. C. Fogg, T. A. Buford, Robt. L. Pettus, Ellis Hurley, Eugene Williams, L. Turley and James Gil liam, as sureties, and on the 20th day Of February, 1912, one E. A Rolfe, County Judge of said County, did ap- prove said bond, etc. Copy of bond and endorsement filed and marked Exhibit "B,") That said bond was conditioned as follows; If The Bank of Palestine shall well, truly and faith. fully discharge and perform the duties ot his office, and at the expiration ot his term of office, shall render unto his successor in office correct account Of all sums of money, books, goods valuables and other property, as il comes into his custody as such depos ltory, ana shall pay and deliver to his successor, or any other person author. | lZed to receive same, all balances sums of money, etc, which shall be in his hands, and due by him. ther the above obligation shall be null and void; else the same to remain in ful, 1 force and effect.
 Plaintiff further states that on the 28th day of July, 1913, the defendant The Bank of Palestine, had and stil has in it's hands funds of St. Francis County as follows, viz:
 County general fund .....S 23,72S. .84 County general road fund. l6, ,394 O. County general school fund PIP & O. bond and interest fund s.480.7 "A County sinking fund ..... {. 1855. .S- Redemption fund ..... .... 133 g Common school funds be-
 longing to Districts l to
 42. inclusive.............. 54, 705 8. Total S11O 5oO s-