First National Bank in Yonkers v. City of New York

CASHIN, District Judge.

On or about October 18, 1955, defendant, The City of New York (City), acting through the Commissioner of Public Works, entered into Contract No. 179464 with defendant, William Casey and Sons, Inc. (Casey), whereby Casey was to construct certain sewers. In connection with the construction contract, performance and payment bonds were executed by Casey, as principal, and defendant Maryland Casualty Company (Maryland), as surety, on October 4,1955. On February 7, 1956 Casey gave an “all-moneys” assignment of moneys due or to become due under the contract to plaintiff, First…