Trinity Universal Ins. Co. v. First State Bank of Liberty

PITTS, Chief Justice.

This suit involves the conflicting claims of appellant, Trinity Universal Insurance Company, and appellee, First State Bank of Liberty, Texas, to certain funds that came into the possession of appellee through a check deposited in the said hank. Appellant was surety upon the performance and payment bonds given to the United States Goverment by Foley & Maugh Construction Company, hereafter referred to as “contractor,” who had a contract with the Government to build a post office at Liberty, Texas, at a total contract price of $44,-400. • The said contractor defaulted and…