National Surety Co. v. Graves

The purpose of the bill is the adjustment and apportionment of the security afforded by bonds, given under the Blue Sky Law of 1919, among the beneficiaries entitled to share therein. Gen. Acts 1919, p. 946.

The bill is filed by stockholders of Walker Consolidated Petroleum Oil Company, for the benefit of themselves and all others similarly situate who will join in the suit, against National Surety Company, the surety on the several bonds given under the statute, and certain individual stockholders.

It is averred, in substance, that in its'application for a permit to sell stock, and in selling…