Fidelity & Deposit Co. of Maryland v. Farmers & Merchants Nat. Bank of Nocona

W. E. Reynolds was duly elected as tax collector of Montague County, for two terms of office, and gave his official bonds, as such, in favor of Montague County, with the Fidelity Deposit Company of Maryland, as surety thereon. Those bonds were conditioned for the faithful performance of the duties of his office as assessor and collector of county taxes. The Farmers Merchants National Bank of Nocona was selected as county depository, as provided in Chapter 2, Title 47, of the Revised Statutes, beginning with Article 2544 of that chapter, Vernon's Ann.Civ.St. art. 2544 et seq.; and the bonds…