Richards v. Osceola Bank
Supreme Court of Iowa
Appeal from Clarke District Court. — Hon. -J. W. Harvey, Judge. Action upon a bond given pursuant to Code, section 912, by the Osceola Bank, with C. W. and Gr. H. Cowles, sureties, to secure deposits in the bank made by the plaintiff as county treasurer. Findley, as receiver of the bank, intervened in the action. Judgment was rendered for plaintiff on the bond, and for the intervenor in the intervention proceedings. The defendants Cowles and Cowles and the plaintiff appeal.
1Opinion of the CourtBeck, J.
I. The petition shows that the Osceola Bank, under Code, section 912, was selected by the supervisors of the county as a depository for county moneys, and executed a bond, as required by the statute, with Cowles and Cowles as sureties; that there is due from the bank on plaintiff’s deposit account $4,839.65, which it has failed to pay; and that in proceedings instituted upon the relation of the attorney general a receiver was appointed, who holds all the assets of the bank. The bank made default, but the defendants Cowles and Cowles answered, admitting the execution of the bond, and, in…
2Cited by28 opinions
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- Cameron v. ChristySupreme Court of Pennsylvania · 1926
- First American Bank & Trust Co. v. Town of Palm BeachSupreme Court of Florida · 1928
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