Stevens v. Farmers Elevator Mutual Insurance

The opinion of the court was delivered by

Fontron, J.:

This is an action to recover on a Warehouseman’s Rond executed pursuant to the provisions of the United States Warehouse Act, 7 U. S. C. A. §241, et seq. (herein referred to as the Act). The plaintiff prevailed in the court below and the defendant has appealed.

The facts are not in dispute. On June 10, 1961, the defendant, Farmers Elevator Mutual Insurance Company, executed a bond as surety for Lyman Grain Incorporated of Belpre, Kansas (hereafter called Lyman). The bond covered a period of one year from and after June 26, 1961, and was…