Town of Hamden v. American Surety Co.

This suit is on a bond executed by the appellant for the faithful performance of duties by Van de Bogart, as treasurer of the Town of Hamden, Conn., during his term of two years commencing October 7, 1931. Since October, 1925, he. served as treasurer for three terms, giving a bond fixed by the selectmen of the town for $20,000. Conn.General Rev.Stat.1930, §§ 303, 355. When Van de Bogart’s last term expired, he had on deposit with the Hamden Bank & Trust Company, of which he was vice president, moneys of the town substan*487tially in excess of 30 per cent, of the capital, surplus and undivided…