Hutchinson County v. Frasch

An action was instituted against the defendants on a depository bond executed by the State Bank of Menno, S. D., as principal, and Frasch and others, defendants, as sureties. The bond is in the ordinary form and imposes the usual obligations. That portion of the bond which is in controversy reads as follows: “Now, Therefore, if the said Exchange State Bank of Menno, South Dakota, as such depository, shall faithfully and truly account for all monies which shall come into its hands and possession, and be deposited in it by the County Treasurer of Hutchinson County, South ■ Dakota, and shall in…