The Mena weekly star., 1919-04-03
LEGAL NOTICES.
COUNTY DEPOSITORY TO LET.

Notice is hereby given that under and by authority of an Act of the General Assembly of the State of Ar kansas, entitled, "An Act to Provide Depository for the Counties of Polk and Scott, approved February, 1911, the county judge will at noon on the first day of April term, 1919, of the county court of Polk county, receive propositions from any bank or bank CT or trust company that desires to be depository of the public funds of said county, and shall on or before noon of the clerk of said court sealed with the clerk of said court a sealed bid stating the rate of interest per annum, payable in cash, offered to be paid by such bidder for the next two years ensuing, upon the county funds that may be deposited in pursuance of such bids, computed upon the daily balance to the credit of the county, payable monthly, and said bid shall be accompanied by certified check of not less than $200. Such checks of unsuccessful bidders to be returned to them as soon as the depository is se- lected and the check of the aforesaid successful bidder to be returned upon the approval of the bond required of such bidder to be filed within twenty days after the selection of said depos- itory in the sum of Seventy Thousand Dollars, conditioned for the due and proper performance of all the obliga- tions devolving by law upon said de- pository, and for the prompt payment at the county seat of. upon presenta- tion of all checks drawn upon said de- pository by the county treasurer at place to be designated, so long as said funds shall be in such depository, to the credit of said county, and that all funds of said county shall be faithfully kept by said 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 unincumbered real estate of value equal to the amount of the bonds. 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 be given by any authorized guaranty and bonding company doing business in this state
 That at noon on said day of April. 1919, 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, in- cluding school and road funds, the bidder offering the highest rate of in- terest, as above stipulated, provided that bidders can make separate bids for the school funds, or the school funds of any district or districts, and another for the county funds, and said Court can select separate deposi- tories for the separate funds, and that the court has the right to reject all bids.
 That if the depository selected shall not be located at the county seat, it shall be the duty of the depository selected to provide for the prompt payment at the county seat of all seeks drawn on it by the county treasurer, and file with the county's treasurer a statement designating a place at which such payment will be made at the county seat.
 The County Court may at any time require new or additional bond to be given if he deem it desirable, or may order such funds returned to the county treasurer if deemed necessary for the safety of the funds.
 In testimony whereof, I have here unto set my hand and seal as clerk of said court this 9th day of March, A D. 1919.
 (SEAL) WILL ALEXANDER, County Clerk.