Cole v. Schexnadire

Plaintiff, on February 23, 1925, entered into a contract with J. M. Sutton for the erection of a residence on a lot belonging to the former in the city of Shreveport for the sum of $7,590. The contractor executed in favor of plaintiff a bond for the full amount of the contract with solvent surety. The bond furnished was a mere indemnity bond,’ in favor of plaintiff, and did not comply with Act 139 of 1922, under which the building was constructed, nor were the contract and bond recorded until after the building had been constructed and accepted, which was not within the time required by law,…