Ford v. Lone Star Cement Co.

Bussell, Chief Justice.

Independence Indemnity Co., a nonresident corporation, as provided by statute made a deposit of securities with the State treasurer of Georgia, and obtained a license to engage in the business of writing bonds in this State. Lone Star Cement Co., having obtained a judgment on April 12, 1933, against the Indemnity Co., for $35,056.25 principal, besides interest, filed a petition for a receiver, and the court appointed a receiver. The company being found to be insolvent, the receiver, by authority of the court, obtained from the State treasurer the securities which had…