Depository

The board shall select some solvent bank or trust company as the depository of its funds, exacting of the depository a bond in an amount equal to the amount of money likely to come into its hands. Acts 1955, No. 367, § 3; A.S.A. 1947, § 20-1203. The board shall select some solvent bank or trust company as the depository of its funds, exacting of the depository a bond in an amount equal to the amount of money likely to come into its hands. Acts 1955, No. 367, § 3; A.S.A. 1947, § 20-1203.