Maryland Casualty Co. v. Board of Water Com'rs

ADLER, District Judge.

The bill of complaint alleges contracts made between the board of water commissioners of the city of Dunkirk, N. Y., and the Loyd Contracting Company for the construction of a filtration plant and a clear water basin for the sum of $150,900. The Loyd Contracting Company procured from the plaintiff two bonds to cover the respective contracts. The contractor proceeded with the work until July, 1927, when default was made. The Maryland Casualty Company took over and assumed the completion of the contracts. At the time of default, the commissioners had on hand sums of money…