Maryland Casualty Co. v. Fowler

HAYES, District Judge.

Plaintiff brings this suit in equity to determine its liability, if any, upon a contractor’s indemnity bond, which, on July 10, 1922, it executed as surety for E. W. Fowler, principal, in favor of the county board of education of Rockingham county, Wentworth, N. C., in the sum of twenty-two thousand dollars ($22,000). The bond contains, among others, these two'provisions:

“Whereas, the principal has entered into a written contract dated June 21, 1922, with the obligee, for the erection of a graded school building, Leaksville township district, Draper, N. C., in accordance…