Chas. A. Krause Milling Co. v. Chris. Schroeder & Son Co.

The following opinion was filed November 5, 1935 :

Fairchild, J.

The controlling facts are established as here briefly outlined. During the years 1924 and 1925, the broker was selling bonds as Class A securities prior to securing a permit therefor. The sale under consideration was in compliance with and under authority of sec. 189.08, Stats. 1925. To meet the requirements of that section, the broker, with the approval of the commission, filed each year a so-called blanket bond executed by the broker and surety, conditioned as disclosed in the statement of facts. We do not consider it necessary…