Gregg v. Hinkle

OPINION OP THE COURT.

BOTTS, J.

The Exchange-Bank of Carrizzozo closed its doors on October 8, 1923, and thereafter the ap-pellees were appointed receivers thereof. The bank had previously qualified as a depository of state-monej^s, and, at the time of closing, had on deposit state funds in the sum of $72,725.05. The deposit was secured by (1) a depository bond in the penal sum of $5,000, with the American Surety Company as surety; (2) a depository bond in the penal sum of $5,000, with the United States Fidelity & Guaranty Company as surety; (3) depository bonds aggregating a total penal sum of…