155 Iowa 264 | Iowa | 1912
During plaintiff’s term of .office as treasurer of the defendant school district, which extended from March, 1902, until March, 1904, the plaintiff deposited in a certain bank moneys of the defendant district, and on a settlement of his accounts with the defendant it
The question now raised by the demurrer to defendant’s answer is whether the plaintiff, as treasurer, misappropriated the funds of the defendant by making deposits of such funds in the bank, which subsequently became insolvent. The question here presented seems to have been conclusively adjudicated against the defendant in cases in which it has been held that the treasurer of a school district, obligated by his bond, given in accordance with the provisions of Code, section 2760, to “exercise all reasonable diligence and care in the preservation and lawful disposal of all moneys,”' securities, and other property “per-
The judgment of the district court is affirmed.