American Employers' Ins. Co. v. Dallas Joint Stock Land Bank

YOUNG, Justice.

Dallas Joint Stock Land Bank, under terms of a subsisting fidelity bond covering the acts and conduct of H. W. Ferguson, its President, sued appellant for an amount of money or “secret profits,” alleged to be the property of the Land Bank, but appropriated by said official; and upon trial, recovered judgment against the Insurance Company for ¡$7,406.48, with interest at 6% from November 16, 1939 (date of proof of loss). After pleading certain affirmative defenses to the suit of the ’Land Bank, appellant Insurance Company impleaded H. W. Ferguson, Mrs. Anne G. Jones (his former…