Mohawk Co. v. Bankers Surety Co.

Tbe plaintiff, owner of certain land, on October 1, 1909, executed a lease thereof for ninety-nine years *274to Matthew and William Leithanser. Tbe lessees agreed to forthwith proceed and erect according to described plans and specifications a building upon the demised premises and to complete the same on or before May 1, 1910. At the termination of the lease, all its covenants performed, the building was to be the property of the lessor. The performance of this covenant was required to be and was secured by bond in the sum of $30,000 with the appellant as surety thereon, and this action is on…