Royal Indemnity Co. v. Knott, as Treasurer

This is a suit in equity for an accounting and for recovery against bond trustees and their sureties. The material allegations of the bill relating to the issuance and sale of Citrus County negotiable bonds, appointment and qualification of trustees, receipt of moneys by trustees and alleged misappropriation and mismanagement by trustees of trust funds which came into their hands are set forth in the original opinion filed herein, 136 So. 474.

The bill charged that a correct accounting and understanding of the transactions covering the handling of the trust funds by the trustees involves…