Sec. 105.034. CONDITIONS TO ACTING AS DEPOSITORY. (a) The depository shall: (1) keep the municipal funds covered by the depository services contract; (2) perform all duties and obligations imposed on the depository by law and under the depository services contract; (3) pay on presentation all checks drawn and properly payable on a demand deposit account with the depository; (4) pay all transfers properly payable as directed by a designated officer; (5) provide and maintain security at the level required by the provisions of Chapter 2257 , Government Code; and (6) account for the municipal funds as required by law. (b) Any suit brought in connection with a depository services contract must be tried in the county in which the city hall of the municipality is located.
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