Missouri Revised Statutes
Chapter 110 - Depositaries for Public Funds
Section 110.180 - Duty of county commission when no bids submitted.

Effective - 28 Aug 1959
110.180. Duty of county commission when no bids submitted. — 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.
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(RSMo 1939 § 13852, A.L. 1959 S.B. 77)
Prior revisions: 1929 § 12189; 1919 § 9587; 1909 § 3808

Structure Missouri Revised Statutes

Missouri Revised Statutes

Title VIII - Public Officers and Employees, Bonds and Records

Chapter 110 - Depositaries for Public Funds

Section 110.010 - Deposits of public funds to be secured.

Section 110.020 - Securities deposited, amount of.

Section 110.030 - Advertisement for bids unnecessary, when.

Section 110.040 - Depositary outside of territorial limits legal, when.

Section 110.050 - Liability of depositaries.

Section 110.060 - Banks to provide security for certain deposits, when.

Section 110.070 - Bids for depositaries — publication of notice.

Section 110.080 - Bids for depositaries — disclosure of bids a misdemeanor.

Section 110.090 - Selection of depositary — computation of interest — rejected bids.

Section 110.110 - Duty of treasurer.

Section 110.130 - Depositaries of county funds — how selected.

Section 110.140 - Procedure for bidders — disclosure of bids a misdemeanor.

Section 110.150 - Public opening of bids — computation and payment of interest — rejected bids.

Section 110.170 - Transferring funds to depositary — liability of collector-treasurer and depositary — duties of township trustees.

Section 110.180 - Duty of county commission when no bids submitted.

Section 110.190 - Duty of county commission when funds are deposited with two or more banks.

Section 110.200 - County commission may readvertise and relet.

Section 110.210 - Failure to select depositary.

Section 110.230 - Duplicate monthly statements by depositaries.

Section 110.240 - Warrants — checks.

Section 110.250 - Depositary to provide additional security, when.

Section 110.260 - County treasurer exempt from liability, when.

Section 110.270 - Counties may place money not needed for current operations outright or by repurchase agreement, requirement.