Eads v. Southern Surety Co.

The Southern Surety Company, a non-resident corporation, made a deposit of securities with the State treasurer *349of Georgia, as provided by statute, and obtained a license to engage in the business of writing bonds in this State. The company executed bonds as surety for contractors, and also bonds or contracts indemnifying individuals against loss by reason of damage by them to person or property of others. The company became insolvent and was placed in the hands of a receiver. By permission of the court the receiver applied for and obtained from the State treasurer the securities which had…