Lyman v. Bonney

The plaintiffs’ bill sets forth a demand in their favor, as trustees of Susan Lyman, against the State Mutual Fire Insurance Company, and against the defendants as the president and directors of the company. The claim against the company is founded on a policy of insurance against fire, upon which a judgment has been recovered, and execution issued, which is unpaid. The claim against the defendants is made upon the ground that, having the funds of the company in their hands sufficient to pay this claim, they neglected and re *563fused to pay it, and have illegally and fraudulently applied the…