American Surety Co. of New York v. Jay Lodge No. 87, F. & A. M.

Curtis, P. J. —

This was an action by the appellee to recover from the appellant upon a fidelity bond executed by the appellant to indemnify the appellee against loss in the event of the lack of faithfulness on the part of one Clyde D. Bechdolt, treasurer of the appellee lodge. Clyde D. Bechdolt was, concurrently with acting as treasurer of the appellee lodge, secretary of the Jay County Savings and Trust Company. He proved unfaithful as secretary of the Trust Company and by reason of his unfaithfulness as such secretary the Trust Company become insolvent and was compelled to close its doors…