The board shall exercise absolute discretion in performing its duties under this article.
(Ga. L. 1949, p. 13, § 5.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 63C Am. Jur. 2d, Public Funds, § 7.
ALR.
- Invalid designation by another than depositing officer of depository for public funds as affecting liability of officer or his bond for loss thereof through failure of depository, 66 A.L.R. 1059.
Power of board or officials to depart from literal requirements in respect of deposits or loans of public funds in their control, 104 A.L.R. 623.