American Surety Co. v. Gracey

This suit was brought by. the American Surety Company of New York against R. R. Graeey, A. A. Webster, and J. C. Gude to recover $1,350 on an indemnity bond, on which bond Graeey was principal, and Webster and Gude were his sureties, in the penal sum of $2,000; the bond reciting that Graeey had applied to the American Surety Company for bond in favor of the Magnolia Petroleum Company, and that the American Surety Company required indemnity, or counter security, and further recited its condition to be that if Graeey shall honestly and faithfully perform his duties in the employment named, and…