The Mena weekly star., 1921-03-24
COUNTY DEPOSITORY
 ID LEI

Notice is hereby given that under and by authority or an act ot the General Assembly of the State of Ar kansas, entitled, An act to Provide a Depository for the Counties of Folk and Scott" approved February 1911, the county judge will at noon on the first day ot the April term, 1921, of the county court of Polk county, re- ceive propositions from any bank or banker or trust company that desire to be the depository or the public funds of said county, and shall on or before noon of the said day (April 4, 1921) file 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 1 the county, payable monthly, and said bid shall be accompanied by q certi- fled check of not less than $z50 Such cnecks of unsuccessful bidders to be returned to them as soon as the de- pository is selected and the check of the aforeaid successful bidder to be returned upon the approval of the bond required of such bidder to be filed within twenty days after the se- lection of said depository in the sum of Two Hundred Thousand Dollars con- ditioned for the due and proper per- formance of all obligations devolving by law upon said depository, and for the prompt payment at the county seat of, upon presentation of all checks drawn upon said depository by the county treasurer at a 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 accord ing 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 bond. Or, 1 in lieu of bond, such bidder may de- posit 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 said April, 1921, term of said court, said court will publicly open each of said bids, so presented and shall select from among such bids as the deposit tory of the public funds of the coun- ty, including school and road funds, the bidder offering the highest rate of interest, as above stipulated, provid- ing 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 the court can select separate Repositories 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 se- lected to provide for the prompt pay ment at the county seat of all checks drawn on it by the county treasurer, and file with the county treasurer statement designating 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 deems it desirable, or may order such funds returned to the coun- ty 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 5th day of March, A. D., 1921.
 W. E. Anderson. County Clerk.
 Adv. s.