Lac Qui Parle Town Farmers Union Fire Insurance v. Remsberg

Julius J. Olson, Justice.

Plaintiff is a farmers mutual fire insurance company. Martin A. Stemsrud was its treasurer over a considerable number of years and as such from' time to time had executed to it his official bond conditioned that “if the said Martin A. Stemsrud shall faithfully perform the duties of his office and pay over all moneys which shall come into his hands by virtue of his said office, to the party or parties legally entitled thereto, then this obligation shall be void, otherwise to remain in full force and effect.” Having been reelected to that office in the year 1930, the…