Houston Oil Terminal Co. v. City of Shreveport

The controversy here is over the balance of the funds in possession of the city of Shreveport at the time the suit was filed, and now on deposit in the court below, for account of the paving of Looney, street from Pierre avenue to the Texas & Pacific Railway Company right of way. The contractor was the Shreveport Paving Company, Inc., and the surety on the contractor’s bond was the Union Indemnity Company.

The consideration for the contract was $15,-160.S4, on which the city of Shreveport paid the American National Bank for account of the contractor the sum of $4,627.87, leaving a balance in…