Travelers Insurance v. Village of Ilion

During the progress of the work upon certain public improvements made by the L. D. Sullivan Co., Inc., for the village of Ilion, the plaintiff issued to said contractor workmen’s compensation and public liability insurance policies, the premiums of which have never been paid. On December 7, 1923, the plaintiff filed a lien against the corporate funds of the village applicable to the contract in question, and within three months thereafter commenced this action to foreclose such lien. The defendant Utica City National Bank, the assignee of the contractor, defends upon two grounds: (1) That…