¶1The bond m suit is statutory (Cincinnati water works; act, 92 O. L. 606), and in determining its effect reference should be 'had to the statute which authorizes its execution and prescribes its objects. Secrest v. Barbee, 17 Ohio St. 426.
¶2The damages could be easily ascertained in two ways, either by reletting the contract to the next lowest and best bidder, or by readvertising and reletting to the lowest and best bidder. The commissioners of waterworks in the exercise of the discretion conferred by statute, relet the contract to the next lowest and best bidder at a loss of more than twice the amount of the bond, and there is nothing in the record showing ■any abuse of discretion, or that a readvertisement would have-resulted in less loss to the city.
¶3Judgment reversed and judgment for plaintiff in error.