OF THE ATTORNEY GENERAL OF THE STATE OF WISCONSIN VOL. XV January 1, 1926, through December 31, 1926 HERMAN L. EKERN MADISON, WISCONSIN 1926 с FROM THE ORGANIZATION OF THE STATE JAMES S. BROWN, Milwaukee.. EXPERIENCE ESTABROOK, Geneva from June 7, 1848, to Jan. 7, 1850 ..from Jan. 7, 1850, to Jan. 5, 1852 from Jan. 5, 1852, to Jan. 2, 1854 from Jan. 2, from Jan. 7, 1854, to Jan. 7, 1856 1856, to Jan. 4, 1858 from Jan. 4, 1858, to Jan. 2, 1860 from Jan. 2, WILLIAM R. SMITH, Mineral Point.. 1860, to Oct. 7, 1862 from Oct. 7, 1862, to Jan. 1, 1866 from Jan. 1, 1866, to Jan. 3, 1870 from Jan. 3, 1870, to Jan. 5, 1874 from Jan. 5, 1874, to Jan. 7, 1878 1878, to Jan. 2, 1882 1882, to Jan. 3, 1887 1887, to Jan. 5, 1891 from Jan. 2, CHARLES E. ESTABROOK, Manitowoc..from Jan. 3, from Jan. 5, 1891, to Jan. 7, 1895 from Jan. 7, 1895, to Jan. 2, 1899 ..from Jan. 2, 1899, to Jan. 5, 1903 LAFAYETTE M. STURDEVANT, Neillsville... FRANK L. GILBERT.. from Jan. 5, 1903, to Jan. 7, 1907 from Jan. 7, 1907, to Jan. 2, 1911 LEVI H. BANCROFT, Richland Center....from Jan. 2, 1911, to Jan. 6, 1913 WALTER C. OWEN, Maiden Rock.. from Jan. 6, 1913, to Jan. 7, 1918 1918, to Jan. 6, 1919 from Jan. 7, OPINIONS of the ATTORNEY GENERAL of WISCONSIN VOLUME XV Banks and Banking-Public Officers-Board of deposits may designate different interest rate to be paid by working banks from that required of other banks. BOARD OF DEPOSITS. January 1, 1926. In compliance with your resolution requesting an opinion on the question of whether the state board of deposits may designate a different rate of interest to be paid by depositories having checking accounts (working banks) from that required to be paid by other depositories, we submit the following: Sec. 14.45, Stats., provides: "The board of deposits shall from time to time fix the rate of interest to be paid by said depositories upon state moneys deposited with them and cause notice thereof to be published in the official state paper. The rate of interest, until changed by said board, shall be two and one-half per centum per annum." In State v. McFetridge, 84 Wis. 473, 509, the court said: 66* * * The deposits under consideration (assuming that there was no other legal objection to the making thereof) were regularly made by the treasurer, in his official capacity as such, for the benefit of the state, and could only be drawn on his official draft. The authority to contract for interest on such deposits is as broad as the right to make them, for the statutes contain no special restriction in the matter of such interest." (Italics ours.) |