Pankey v. National Surety Co.

The Nettleton-Bruce-Eschbach Company entered into a contract with the Oregon, Cali fornia & Eastern Railway Company whereby it undertook to construct a certain section of that company’s railroad. The defendant corporation executed and delivered to said railway company a written surety bond with said Nettleton-Bruce-Eschbach Company, as principal, and itself as surety, in the penal sum of $25,000, conditioned for the faithful performance of the contract by said contracting company, and providing further that said contracting company ‘ ‘ shall pay all laborers, mechanics and materialmen for…