Depository

The board shall also 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 1938 (Ex. Sess.), No. 23, § 3; A.S.A. 1947, § 76-1404. The board shall also 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 1938 (Ex. Sess.), No. 23, § 3; A.S.A. 1947, § 76-1404.