City of Pocatello v. Fargo

This action was instituted by the City of Pocatello against the defendants to recover the sum of $74,335.04, with interest thereon from May 12, 1921, based upon the alleged liability of the defendants on a depositary bond which they had signed as sureties, and which bond was executed and delivered to the City of Pocatello, about July 2, 1915, to insure deposits of city funds made with the Bannock National Bank, it having become insolvent and closed to business on May 13, 1921. At the time the bank closed the plaintiff had on deposit therein the amount above specified, of which $32,000 was…