United States Fidelity and Guaranty Company, a Corporation, in Error v. City of Pensacola, in Error

Summary

The Supreme Court of Florida affirmed the judgment for the City of Pensacola, holding that the surety's bond obligates the defendant to account for and pay over all city funds deposited during the bond's specified period, and that this obligation continues after the period expires until the monies are fully accounted for, regardless of other bonds or the bank's later failure.