Mutual Oil Co. v. Hamilton

On July 29, 1921, the Commercial National Bank of Great Falls, as principal, and L. H. Hamilton, C. D. Eliot, R. B. Noble and Julius C. Peters, as sureties, executed and delivered to the Mutual Oil Company an indemnity bond in the sum of $100,000, to secure the oil company against loss by reason of moneys deposited in the bank by the oil company. After the preliminary recitals, the bond continues: “Now, therefore, the condition of this obligation is such that if the said Commercial National Bank of Great Falls, Montana, or said sureties, or any of them, shall well and truly indemnify and save…