Legal Opinion
Washington Township Board of Finance v. American Surety Co. of New York
Indiana Court of Appeals
Decided December 15, 1932No. 14,513PublishedCited by 8 opinions
1Opinion of the CourtKime, P. J.
— The State Bank of Westfield was duly selected as a depository of public funds by the Washington Township Board of Finance. The said bank was qualified to receive funds to the amount of $20,000.00, and executed and delivered to appellant herein a bond in the penal sum of $10,000.00, with the appellee, American Surety Company of New York, as surety thereon. The bond contained the following clause:
“In the event of vountary or involuntary liquidation of the affairs of the principal the sureties may, and on demand by the obligee must, pay to the obligee the full amount of their obligation in…
2Cases cited8 opinions
- Knaffl v. Knoxville Banking & Trust Co.Tennessee Supreme Court · 1915
- Vert v. VossIndiana Supreme Court · 1881
- Opp v. WardIndiana Supreme Court · 1890
- Maryland Casualty Co. v. Cleveland, Cincinnati, Chicago & St. Louis Railway Co.Indiana Court of Appeals · 1919
- Stuckman v. RooseIndiana Supreme Court · 1897
3 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Capps v. KlebsIndiana Court of Appeals · 1978
- Hack v. American Surety Co. of New YorkCourt of Appeals for the Seventh Circuit · 1938
- Coleman v. ChapmanIndiana Court of Appeals · 1966
- Willard v. Automobile Underwriters, Inc.Indiana Court of Appeals · 1980
- Wills v. GaffIndiana Court of Appeals · 1963
3 more not listed; retrieve them via the Exa API.