Wachovia Bank & Trust Co. v. J. F. Mulligan Constraction Co.

Stacy, O. J.

On 23 September, 1927, tbe J. F. Mulligan Construction Company, contractor, entered into a written contract witb the State Highway Commission to construct or improve a section of road in Watauga County, known as project No. 7720; and to insure compliance witb tbe terms of said agreement, tbe State Highway Commission took from tbe contractor, as principal, and tbe Southern Surety Company, as surety, a bond in tbe sum of $43,800 conditioned, among other things, on tbe faithful performance of said contract, and that tbe contractor “shall well and truly pay all and every person…