Eastland County v. Davisson

POWELL, P. J..

This ease is fully stated by the Court of Civil Appeals: See 290 S. W. 196. We shall not restate the ease here at any great length. Eastland county sued *269G. A. Davisson and Saunders Gregg, and their surety, tlie Southern Surety Company, for the separate sums of $56,160 and $8,000, alleged to be due the county under a road contract between the parties. Under this contract, the Davisson firm was to buy the county’s bonds at par and accrued interest, as provided by statute. It also appears that the contractor purchasers then sold the bonds at less than par, placing such proceeds of…