Pennebaker v. Tomlinson

The Chancellor :

On the 6th of February, 1871, the complainant, in his official character as Comptroller of the *112state of Tennessee, filed tbis bill, alleging: Tbat according to the requirements of the act of March 13th, 1868, cb. 79, § 3, the Home Insurance Company, of New Harén, Connecticut, deposited in his ofiice twenty bonds of the state of Tennessee, of one thousand dollars each, bearing six per cent, interest, “ as security for risks taken by citizens of this state.” That about the 30th of December, 1870, the said insurance company failed and became insolvent.

That on the 31st of…