Southern Electric Supply Company v. Borden

LAWSON, Justice.

■ This is an appeal from a final decree of the Circuit Court of Lauderdale County, in Equity, which enjoined appellant, Southern Electric Supply Company, Inc., a corporation, and others from proceeding to collect the amount of a forthcoming bond (§ 562, Title 7, Code 1940) from the sureties on the bond, who are appellees here, and which decree also cancels and annuls the forfeiture on the bond.

Appellees in the stating part of their bill of complaint alleged in pertinent part as follows:

“III.

“That on, to-wit: October 14, 1966, Complainants executed a forthcoming bond in the…