American Surety Co. v. City of Thomasville

SIBLEY, Circuit Judge.

The American Surety Company, surety on the bond of John W. H. Mitchell, as treasurer of the city of Thomasville, Ga., was held liable for the money of the city deposited by the treasurer in three banks which successively failed in the years 1932 and 1933, and it appeals. The facts were agreed on, and the most material ones follow' in order of time: In 1889 the city of Thomasville w7as created by a public act of the Legislature. Acts 1889, p. 854. Section 2 vested the government of the city generally in a mayor and six aldermen. Section 9 reads in part: “'Said Mayor and…