2011 Missouri Revised Statutes
TITLE VIII PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS
Chapter 110 Depositaries for Public Funds
Section 110.180. Duty of county commission when no bids submitted.
Duty of county commission when no bids submitted.
110.180. If for any reason the banking corporations or associations in any county fail or refuse to submit proposals to act as county depositaries as provided in section 110.140, the county commission may deposit the funds of the county with any one or more of the banking corporations, or associations in the county or adjoining counties, in the sums or amounts, and for the period of time, the commission deems advisable, at the rate of interest, not less than one and one-half percent, as is agreed upon by the commission and the banking concern receiving the deposit, the interest to be computed upon the daily balances due the county, as provided in section 110.150. Any bank or banking concern agreeing to accept deposits under this section shall provide security as required by section 110.010.
(RSMo 1939 13852, A.L. 1959 S.B. 77)Prior revisions: 1929 12189; 1919 9587; 1909 3808
Annotation Copyright Missouri Joint Committee on Legislative Research
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