United States Fidelity & Guaranty Co. v. Richmond County

1. “When any official bond is executed by any county treasurer, or any person acting as such, the property of said treasurer, or any person so acting, as well as the security or securities on said bond, shall be bound from the time of the execution thereof, for the payment of any and all liability arising from the breach of said bond.” Civil Code, § 572. Applying this law and giving due effect to the language “the property . . shall be bound” with its context, it means that the execution of such official bond shall create a lien upon the property of the principal, and the property of his…