Wyoming Township v. Hekman

The defendants, who were stockholders and directors of the Galewood-Wyoming State Bank, appeal from a judgment in the sum of $10,376.26 entered against them as sureties on a depository bond of their bank which was given to plaintiff township oh January 9,1931.

Plaintiff’s township board adopted the following resolution April 12,1930:

“Moved and seconded that Galewood-Wyoming State Bank, Wyoming Park State Bank and the Grandville State Bank be designated as depositories for township funds for the current year, each bank so designated to be required- to file an approved surety company bond to the…