The President, Directors, & Co. v. Reed
Massachusetts Supreme Judicial Court
Debt on bond, the condition of which was in these words, viz.. “The condition of this obligation is such, that whereas Joseph Dodds, of Rutland, &c., hath been appointed, by the president and directors of the Worcester Bank, accountant in said bank; now, if the said Joseph Dodds shall well and faithfully perform all those duties and services in the said bank which, from time to time, shall be required of him by the president and directors of said bank for the time being, and…
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Debt on bond, the condition of which was in these words, viz.. “The condition of this obligation is such, that whereas Joseph Dodds, of Rutland, &c., hath been appointed, by the president and directors of the Worcester Bank, accountant in said bank; now, if the said Joseph Dodds shall well and faithfully perform all those duties and services in the said bank which, from time to time, shall be required of him by the president and directors of said bank for the time being, and shall truly and faithfully account for all moneys which may be intrusted to his care, and shall also continue in said…
1Opinion of the Court
The Court
expressed their opinion that the condition of the bond protected the plaintiffs so long as Dodds should continue to serve them under that appointment; and that the clause, respecting his continuance for two years in the service of the plaintiffs, was independent of the other parts of the condition, and that its effect was *243only to prevent his quitting the service before the expiration of that period. (a)
Defendant’s plea had.
[The distinction, in principle, between this case and L. Arlington vs. Merrick, (2 Sound. 412,) Liverpool Waterworks Company vs. Atkinson, (6 East, 507,) St.…
2Cited by2 opinions
- Trustees of the Richardson School Fund in Attleborough v. DeanMassachusetts Supreme Judicial Court · 1881
- Grafton Bank v. KentSuperior Court of New Hampshire · 1827