Pocatello Independent School District Number One v. Fargo

ADAIR, District Judge.

— This action was instituted by the plaintiff against the defendants to recover certain moneys standing to the credit of the plaintiff school district with the Bannock National Bank, at the time said bank became insolvent and was closed by the comptroller of the currency. The defendants were sureties upon a depositary bond given by said bank to the school district for the purpose of protecting said district from loss resulting from the deposit of its funds in said bank. The evidence in the main is undisputed, and the essential parts thereof, briefly summarized, are as…