Fidelity Deposit Co. of Md. v. Hogan

— This was a suit by a surety company on a contract with the defendant whereby defendant agreed to pay the surety company a premium of $20.00 per annum as compensation to the surety company for becoming surety on the guardian’s bond of defendant. The bond was executed on the .... day of July, 1914. It is alleged that in the application for bond the defendant agreed to pay the plaintiff:

“Twenty ($20.00) Dollars, upon the execution of the bond, and Twenty ($20.00) Dollars annually thereafter; until the plaintiff should be furnished with satisfactory and conclusive evidence of the termination of…