Massachusetts Bonding & Ins. v. Harrisburg Trust Co.

JOHNSON, District Judge.

This is a civil action tried by the Court without a jury wherein the plaintiff seeks to recover from the defendant the sum of five thousand dollars ($5,000) representing five years’ annual premium on a depository bond.

From the evidence presented the following facts appear: Plaintiff, a Massachusetts corporation authorized to transact business in Pennsylvania, executed, on December 7, 1922, a depository bond in the amount of $100,000 in favor of the Commonwealth of Pennsylvania to secure the deposits made by the Commonwealth in the defendant trust company. The agreed…