Keystone School District No. 7 v. Oster

Pugh, Dist. J.

This is an action brought to recover on the bond of a depositary, upon which defendants were sureties. The facts are stipulated and so far as material to the issue presented are, substantially, that on December 17th, 1921, the Farmers & Merchants State Bank of Monango, North Dakota, for the purpose of qualifying as a legal depositary of public funds, under the provisions of chapter 56, Sess. Laws 1921, pagfe 109, presented to plaintiff the bond in question. The bond was duly approved and plaintiff, April 24th, 1922, deposited in said bank $2,250 payable one year after date, with…