Farmers Bank v. Ogden

ELLISON, P. J. —

Plaintiff is a banking institution and- defendant a surety company issuing contracts of surety insurance indemnity to banks against loss through the failure of its officers “to well and faithfully perform the duties” pertaining to their respective offices. The present case arises out of a bond given by John Ogden, plaintiff’s president, with defendant as surety. The judgment in the trial court was for the plaintiff.

The specific • undertaking for which defendant stands as surety is “to make good and hold the employer (plaintiff) harmless for any loss occasioned through the…