This appeal, which presents only a question of limitation of actions, arises in an action by a materialman against the surety on a contractor's "payment" bond which had been taken by the board of education of a school district of this state as required by the provisions of 61 O.S. 1961, § 1, which was in effect on May 11, 1965, when, it is agreed in the pleadings, the bond was executed by the defendant...
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