Williamstown Creamery Ass'n v. American Surety Co.

— The appellee T. B. Condon, during the month of December, 1924, and for several years prior thereto, was the treasurer of the appellant, Williamstown Creamery Association, Incorporated. As such treasurer, he executed a bond to tbe Corporation in the penal sum of $5,000, with the appellee American Surety Company of New York as surety, indemnifying his principal against loss resulting from embezzlement. The material conditions of the bond were as follows:

“We, T. B. Condon, as principal, hereinafter called the ‘employee,’ and the American Surety Company of New York, as surety, bind ourselves to…