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CITY OF HOT SPRINGS v. NATIONAL SUR. CO.

No. 75-168.

531 S.W.2d 8 (1975)

CITY OF HOT SPRINGS, Arkansas, and Hot Springs, Arkansas, Airport Commission, Appellants, v. NATIONAL SURETY COMPANY, Appellee.

Supreme Court of Arkansas.

December 15, 1975.

Attorney(s) appearing for the Case

George M. Callahan and Eudox Patterson, Hot Springs, for appellants.

Coleman, Gantt, Ramsay & Cox, Pine Bluff, for appellee.

FOGLEMAN, Justice.

The City of Hot Springs entered into a contract on July 11, 1967, with McGeorge Contracting Company, Inc., for earth work and paving for the Hot Springs Municipal Airport for a consideration of $704,277.95. In the contract McGeorge agreed to furnish a bond, with approved surety, guaranteeing the performance of the contract, as required by the laws of Arkansas, to be conditioned on full and complete performance of the contract and for the payment...

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