American Surety Co. of New York v. Stuart

McDONALD, Chief Justice.

Bigley Electric Company, as contractor, undertook the construction of certain rural electric lines. Appellant, American Surety Company of New York, executed a performance bond for the contractor, guaranteeing, among other things, that the contractor would “promptly make payment to all persons supplying labor and materials for use in the construction of the project .contemplated in the Construction Contract.” The bond also recites: “This bond is made for the benefit of all persons, firms .and corporations who or which may furnish any materials or perform any labor for…