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AMERICAN NATIONAL BANK & TRUST CO v. FIDELITY & CAS. CO.

No. 29030 Summary Calendar.

431 F.2d 920 (1970)

AMERICAN NATIONAL BANK AND TRUST COMPANY OF SOUTH PASADENA, etc., Plaintiff-Appellee, v. The FIDELITY AND CASUALTY COMPANY OF NEW YORK, etc., Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

August 18, 1970.

Attorney(s) appearing for the Case

John W. Hamilton, James B. Thompson, James R. Lyle, St. Petersburg, Fla., for defendant-appellant.

Robert Bussey, Gerard J. O'Brien, H. Rex Owen, St. Petersburg, Fla., for plaintiff-appellee.

Before GEWIN, GOLDBERG and DYER, Circuit Judges.

GOLDBERG, Circuit Judge:

This diversity case involves the interpretation to be given a clause of the Standard Bankers Blanket Bond. In 1964 the plaintiff Bank, American National Bank and Trust Company of South Pasadena, loaned $41,600.00 to Harry Playford, the president of the Southern Bank of St. Petersburg. This loan was secured by stock certificate number "18" purporting to represent 2,000 shares of stock owned by Playford in the Southern Bank. In 1966 Playford...

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