Citizens State Bank v. New Amsterdam Casualty Co.

Olsen, C.

Appeal by defendant from the judgment.

Defendant issued to plaintiff its fidelity bond or contract to pay to plaintiff any loss which it might sustain by reason of the dishonesty, fraud, embezzlement, misappropriation, or any other dishonest or criminal act or omission of plaintiff’s employes, among others D. D. Clark, its president. The bond provides:

That the defendant company “hereby binds itself to pay to Citizens State Bank of St. Paul, Minnesota, as Employers, such pecuniary loss as the Employer shall sustain of money or other personal property (including that for which the…