Electric Transmission Co. v. Pennington Gap Bank, Inc.

Prentis, J.,

delivered the opinipn of the court.

*97The Electric Transmission Company of Virginia, hereafter called the owner, entered into a contract with Jewell & Son Company (a corporation), hereafter called the contractor, for the construction of an addition to the owner’s power plant at “The Pocket,” in Lee county, Virginia, for the sum of $54,800.00. The contractor was required to give bond for the faithful performance of its contract. It gave such bond in the penalty of $55,000.00, with the Aetna Accident and Liability Company, of Hartford, Conn., hereafter called the surety, as its surety,…