American Nat. Ins. Co. v. Marine Bank Trust Co.

ST. PAUL,. J,

Plaintiff had an agent in the city of New Orleans with authority to collect premiums for its account, which he did. He also had authority to open two bank accounts for plaintiff, one in the name of “C. L. Flora, Superintendent,” and the other in the name of plaintiff.

He had authority to draw cheeks against his account as superintendent, but no authority to draw against the account which stood in the name of the company itself.

All collections were deposited to the credit of the superintendent’s account; all expenses, including commissions, were to be paid out of this account, and…