School Consolidated District No. 10 v. Wilson

This is an appeal by the sureties on the depositary bond of The Citizens Bank of Senath, Senath, Missouri, to the School Consolidated District No. 10 of Arbyrd from a judgment for the penalty of the bond, $15,000, to be satisfied upon the payment of $7,856.45, balance of principal, plus interest, due after crediting forty per centum preferential payments received from the. Bank's estate. They question the effectiveness of the obligation, contending plaintiff should have been cast nisi on demurrer.

The Citizens Bank of Senath closed its doors January 28, 1933, with $9,678.38 of respondent's…