American Surety Co. v. State

This is a scire facias proceeding for the collection from the principal and surety of the $15,000 penalty in a criminal supersedeas bond. In 1927 Saunders was jointly indicted with Tiffany for selling and offering to sell as “dealer” certain shares of “Class D” stock, without first having obtained a license, in violation of the Georgia securities statutes, pleaded not guilty, and on September 27, 1929, was found guilty by a jury, and his punishment was fixed by the verdict and judgment as three to five years at hard labor in the penitentiary, “to be computed from the date of his delivery.” In…