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STANDARD SURETY & CASUALTY CO. v. STATE OF OKLAHOMA

No. 2940.

145 F.2d 605 (1944)

STANDARD SURETY & CASUALTY CO. OF NEW YORK et al. v. STATE OF OKLAHOMA ex rel. THILSTED et al.

Circuit Court of Appeals, Tenth Circuit.

Rehearing Denied November 29, 1944.

Attorney(s) appearing for the Case

Leslie D. Ringer, of Oklahoma City, Okl. (Russell V. Johnson and Miley, Hoffman, Williams, France & Johnson, all of Oklahoma City, Okl., on the brief), for appellants.

H. C. Crandall and L. Z. Lasley, Asst. Co. Atty., both of Alva, Okl. (Hugh D. Potts, Co. Atty., of Alva, Okl., on the brief), for appellee.

Before PHILLIPS, BRATTON, and HUXMAN, Circuit Judges.

BRATTON, Circuit Judge.

Otis C. Ferguson was treasurer of Woods County, Oklahoma. In 1937 he invested township sinking funds in the amount of $2,000 in bonds issued by a school district in Creek County, and in 1938 he made two separate investments of school district sinking funds aggregating $8,000 in bonds of the same source. The county commissioners and the county attorney did not approve in advance either of the investments. Ferguson died, and the State of Oklahoma...

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