Gunsul v. American Surety Co. of New York

Mr. Presiding Justice Dibell

delivered the opinion of the court., Frank W. Cherry became receiver of the Chicago, Aurora & De Kalb Railroad Company and, as such, gave the bond here in suit in the penal sum of $25,000, with the American Surety Company of New Tork as surety thereon. The-principal condition in said bond was as follows:

“Now therefore, if the said F. W. Cherry shall duly account for what shall come to his hands or control as such receiver, and pay and apply the same from time to time as he may be directed by said court, and obey such orders as said court may malee in relation to…