Effective - 28 Aug 1959
110.190. Duty of county commission when funds are deposited with two or more banks. — When the funds of any county are deposited with two or more banking corporations, or associations, as provided in section 110.180, the county commission shall select and name, by order, one of the banking concerns to act as a clearing house for the others, at which all checks drawn by the county treasurer upon the county funds shall be finally paid; and the bank so selected and acting as a clearing house shall be allowed a rebate on the amount of interest due from it to the county for funds deposited with it; but the rebate shall not exceed one-half of one percent per annum on the whole amount of county funds deposited with the banking concern, to be computed as provided in section 110.150 and to be deducted from the amount of interest due and payable monthly as provided in section 110.150.
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(RSMo 1939 § 13853, A.L. 1959 S.B. 77)
Prior revisions: 1929 § 12190; 1919 § 9588; 1909 § 3809
Structure 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 110.180 - 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.