Louisville Title Co.'s Receiver v. Crab Orchard Banking Co.

Opinion op the Couht by

Judge Richakdson

Affirming in part and reversing in part.

The Louisville Title Company is a corporation, organized under tlie laws of Kentucky, with, power to engage in the business of insuring title to real estate, and in the real estate mortgage bond business. In connection with the latter business, it guaranteed “the payment of principal and interest” of all the real estate mortgage bonds which it sold by the indorsement thereon, reading:

“This is one of the bonds mentioned in and secured by the within name mortgage deed of trust and subject ■■ to the conditions set…