Title VIII — PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS

110.010. Deposits of public funds to be secured. — 1. The public funds of every county, township, city, town, village, school district of every character, road district, sewer district, fire protection district, water supply district, drainage or levee district, state hospital, s…

110.020. Securities deposited, amount of. — The value of the securities deposited and maintained by a legal depositary under section 110.010 shall at all times be not less than one hundred percent of the actual amount of the funds on deposit with the depositary, less the amount, …

110.030. Advertisement for bids unnecessary, when. — The various statutory provisions in relation to the advertisement for and receipt of bids and the award of the funds to the best bidder or bidders for the whole or any part of any of the public funds of the character referred t…

110.040. Depositary outside of territorial limits legal, when. — In the event that there shall be no banking corporation, association, trust company or individual banker in the territory within which the depositary or depositaries of any public fund must, under the applicable law…

110.050. Liability of depositaries. — No bank or trust company wherein any deposits of private or public moneys shall be made shall become obligated or liable on account thereof except for the safekeeping thereof and for the payment of the amount thereof with interest thereon, if…

110.060. Banks to provide security for certain deposits, when. — All banks and trust companies and other banking institutions now or hereafter engaged in business in this state shall be and they are hereby likewise authorized with respect to funds of the United States government …

110.070. Bids for depositaries — publication of notice. — 1. Subject to the provisions of section 110.030, all boards of managers, curators, trustees or other persons by whatever name called, who have the management of any state institution, that have the use or custody of any fu…

110.075. Selection of depositories, competitive bid process — definitions — requirements — contracts — records. — 1. As used in this section, the following terms shall mean: (1) "Depository", banking institution headquartered in or maintaining a full-service branch in this state …

110.080. Bids for depositaries — disclosure of bids a misdemeanor. — 1. Any banking corporation, association or trust company in the city desiring to bid shall deliver to the secretary of the board on or before twelve o'clock noon on the day of the meeting at which the depositary…

110.090. Selection of depositary — computation of interest — rejected bids. — 1. At twelve o'clock noon on the day named for the selection of the depositary, the board shall publicly open the bids and cause each bid to be entered upon the records of the board, and shall select fr…

110.110. Duty of treasurer. — The treasurer of the board of managers, by whatever name called, of the institution, after the selection of the depositaries and the approval of their security, immediately upon the receipt of any money thereafter shall deposit the same with the depo…

110.130. Depositaries of county funds — how selected. — 1. Subject to the provisions of section 110.030 the county commission of each county in this state on or before the first Monday of* July for* the year in which a bid is requested and every fourth year thereafter, with an op…

110.140. Procedure for bidders — disclosure of bids a misdemeanor. — 1. Any banking corporation or association in the county desiring to bid shall deliver to the clerk of the commission, on or before the first Monday of July at which the selection of depositaries is to be made, a…

110.150. Public opening of bids — computation and payment of interest — rejected bids. — 1. The county commission, at noon on or before the first Monday of July for the year in which a bid is requested and every second or fourth year thereafter, shall publicly open the bids, and …

110.170. Transferring funds to depositary — liability of collector-treasurer and depositary — duties of township trustees. — 1. As soon as the required security is given and approved, the commission shall make an order designating the successful bidders as depositaries of the fun…

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 th…

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 t…

110.200. County commission may readvertise and relet. — If the bids submitted under the provisions of section 110.140 shall not, when taken together, include the whole of said funds, the county commission may let the part or parts not bid for in the manner provided in section 110…

110.210. Failure to select depositary. — If, for any reason, no selection of a depositary is made at the time fixed by sections 110.130 to 110.260, the county commission may, at any subsequent term, after twenty days' notice, receive bids and select a depositary or depositaries i…

110.230. Duplicate monthly statements by depositaries. — It shall be the duty of each depositary selected under the provisions of sections 110.130 to 110.260 on the first of each month to make a statement in duplicate of the amount of interest accrued for the preceding month, and…

110.240. Warrants — checks. — It is the duty of the county treasurer to draw a check as county treasurer upon a county depositary in favor of the legal holder thereof, and to charge the same to the fund upon which it is drawn. No county treasurer shall draw any check upon the fun…

110.250. Depositary to provide additional security, when. — If the county commission, at any time, deems it necessary for the protection of the county, it may require any depositary to provide additional security, and upon failure to do so within five days after the service of a …

110.260. County treasurer exempt from liability, when. — The county treasurer shall not be responsible for any loss of the county funds through the negligence or failure of any depositary, but nothing in sections 110.130 to 110.260 shall release said treasurer from any loss resul…

110.270. Counties may place money not needed for current operations outright or by repurchase agreement, requirement. — Any county may place money of the county which it has determined is not needed for current operations in obligations described in Section 15, Article IV, Consti…