Show RULING AWAITED ON DEPOSITORY I Disposition of S State tate Funds Held Up Pending Supreme Supreme Supreme Su Su- Su- Su preme Court Action Until the state supreme court rules on the constitutionality of ot the state depository law in deciding the three three- cornered legal battle over the state tate treasury post status of ot about 2000 In state deposits in Utah banks will not be changed This was decided by members of the state tate depository board on the rec rec- recommendation recommendation recommendation of ot A A. A E. E Christensen acting state treasurer and one of the principals In the legal fight now being being being be be- ing refereed by the high court Under the new law the depository board is delegated the power of instructing instructing instructing in in- the treasurer to deposit state funds only in approved banks banki named by it it but Attorney General Genera Joseph Chez a member of the board foresaw complications in changing I the present status of ot deposits until c court uit ruling in the state t t treasurer case Attorneys Attorney for tor Charles Charles' A Stain Stam state treasurer elect who seeks to 10 oust Christensen and prevent Eros Hoge appointed treas treasurer by GOvernor Governor Gover GOver- nor Henry H H. Blood from taking office office of of- oJ- oJ fice contend the new depository law lawIs lawis' lawis Is is' unconstitutional on several l grounds State Bank Commissioner John AMalia A A. Malia Malla president of ot the new board Is preparing prepare g a summary of all state funds' funds o on oll deposit in Utah b banks and how they are secured at present When the supreme court ruling jn inthe the Stain case rase is forthcoming and if the validity of ot the depository law is upheld up upheld up up- held Malia w will put its provisions in effect |