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FLORIDA BANK & TRUST CO. OF WEST PALM BEACH v. UNION INDEMNITY CO.

No. 6245.

55 F.2d 640 (1932)

FLORIDA BANK & TRUST CO. OF WEST PALM BEACH v. UNION INDEMNITY CO. et al.

Circuit Court of Appeals, Fifth Circuit.

February 2, 1932.

Attorney(s) appearing for the Case

Harry A. Johnston, of West Palm Beach, Fla., for appellant.

Francis M. Miller, John G. McKay, James A. Dixon, H. Reid De Jarnette, and F. M. Hudson, all of Miami, Fla., and James C. Henriques and Manning W. Heard, both of New Orleans, La., for appellees.

Before BRYAN, SIBLEY, and WALKER, Circuit Judges.

WALKER, Circuit Judge.

Each of the appellees was the surety on a bond given by the First American Bank & Trust Company, a Florida banking corporation, which, pursuant to statute (11 USCA § 101), was designated by the court below as a depository for the money of bankrupt estates; those bonds, pursuant to that statute, naming the United States as payee, and being given to secure deposits in that bank of funds of bankrupt estates. That bank became insolvent...

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