Fidelity & Deposit Co. v. State

The defendants appeal from an order overruling the demurrer to the complaint. Plaintiff alleges that on or about the 15th of January, 1920, the state of South Dakota, through its duly qualified and authorized officers, issued a series of •bonds known as Rural Credit bonds, series N of 1920, in the amount of $5,000,000, numbered from one to five thousand, inclusive, each of said -bonds being for the principal sum of $1,000, with interest coupons attached; that prior to the maturity of bond No. 2770 of such series, the Bank of Humboldt was burglarized, and among the assets of the bank stolen…