Lloyds America v. El Paso-Hudspeth Counties Road Dist. of Texas

NEALON, Chief Justice.

Suit was instituted by defendant in error, a quasi-municipal corporation, against Lloyds America, an association of insurance underwriters, to recover interest at the rate of 6% per annum on $200,000 from September 4, 1931 to May 24, 1932. The case was tried by the court without the intervention of a jury. Judgment was rendered in favor of plaintiff and against defendants in the sum of $8,400.58, with interest from the date of said judgment at the rate of 6% per annum, and it was decreed that the judgment should be binding' against the Underwriters of the defendant…