After a bank has in every respect complied with the law and shall have placed security as required, the governor, attorney general and treasurer shall issue to such depository a commission. The term of office of the depository shall be one year from the date of the issuance of its commission.Codes, Hemingway's 1917, § 4195; 1930, § 4329; 1942, § 9131; Laws, 1908, ch. 96.
Mississippi Legal Code