Ross v. Southern Surety Co.

On the 16th day of May, 1910, the Oklahoma Fire Insurance Company, as principal, executed a bond with the Southern Surety Company as surety, in the sum of $10,000', payable to, and approved by,' the commissioner of insurance and banking of the state of Texas. The bond recited upon its face that it was executed pursuant to the requirement of the laws of Texas, and contained the following, stipulation: 1

“However, the condition of the above and foregoing is such that, if the above designated and bounden principal shall well and truly pay all its lawful obligations to any and all citizens of the…