Durning v. McDonnell

SWAN, Circuit Judge.

This action is upon a bond executed in 1924 by McDonnell and Truda, as principals, and American Surety Company, as surety. The principals were acting as general agents for Transatlántica Italiana, a steamship company whose vessels plied between European ports and the port of New York, and the bond was given for the purpose of obtaining clearance of its vessels, which might otherwise be held at the port of New York to await the determination of liability for fines and penalties which might thereafter be asserted against said general agents or the vessels under certain…