American Surety Co. of New York v. Thompson

The. Court of Civil Appeals makes a very clear, extended, and correct statement of the issues of this case, and we refer to and adopt the statement of that court. 23 S.W.(2d) 820, 821.

It seems that originally J. D. Dyer and G. 5. Thompson each filed a suit in the district court of Dallas county against W. D. Morgan and the American Surety Company of New York on a bond executed by Morgan as principal and the surety company as surety. This bond was filed by Morgan at the time he filed in the office of the secretary of state an application for a permit to promote and sell stock in a corporation…