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HUMBOLDT TRUST & S. BANK v. FIDELITY & CAS. CO. OF N. Y.

No. 50976.

122 N.W.2d 358 (1963)

HUMBOLDT TRUST & SAVINGS BANK, Humboldt, Iowa, Appellee, v. The FIDELITY & CASUALTY COMPANY OF NEW YORK, Appellant.

Supreme Court of Iowa.

Rehearing Denied September 17, 1963.

Attorney(s) appearing for the Case

Bannister, Carpenter, Ahlers & Cooney, Des Moines, for appellant.

Franklin Jaqua, Humboldt, and John H. Mitchell and Mitchell, Mitchell & Murray, Fort Dodge, for appellee.

PETERSON, Justice.

This is an action in equity by plaintiff (bank) against defendant (bonding company) for declaratory judgment as to two legal questions. A bond was carried by the bank against liability as to embezzlement, robberies, forgeries etc. There were nine forgeries discovered at the time of the commencement of the action. The bank contends it was protected to the extent of $2500. as to each forgery. The bonding...

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