State Ex Rel. Hagquist v. United States Fidelity & Guaranty Co.

For the purposes of this case, it may be conceded, although not herein decided, that the relator and his assignors loaned the sums of money to the Scandia Company as claimed in the complaint, and that said moneys, as alleged, were actually expended by that company in paying for labor, materials and supplies used by it in the performance of Job No. 15.

The sole question here discussed is: Is the money so borrowed and expended within the intent of the bond and within the provisions of the statute so as to enable the relator to collect the money so loaned in the name of the state? The state is…