¶1This is a suit by which plaintiff seeks contribution from defendant, his co-security in an official bond executed by E. W. Clark, to the board of education of the city of Rolla school corporation, of which he was appointed treasurer in 1873, and continued as such until 1876. The penalty of the bond was $5,000, which plaintiff has paid, Clark being a defaulter in a sum greater than said penalty. Appellant contends that Clark was elected treasurer for one year only, and that the defalcation which occurred in the first year of his service, being less than $1,000, the securities are only liable for that amount.' Eor respondent, it is insisted, that the term of office under the statute was three years; but whether one or three years, he was, by the statute, to hold until his successor should be elected and qualified, and there having been no election within the three years, and Clark continuing to act as treasurer of the board, his securities are liable for his defalcation while he was in office. See Savings Bank of Hannibal v. Hunt, ante, p. 597. Appellant’s counsel, in his brief, insists upon no other error, and the judgment is affirmed.
72 Mo. 648
Long v. Seay
Decided October 15, 1880
Supreme Court of Missouri · decided 1880-10-15
<p>Duration of Liability of Sureties on an Official Bond. The sureties on the bond of an officer, who by law holds until his successor is elected and qualified, remain liable so long as he continues to hold the office, though that be beyond the term for which he was elected.</p>
Good law ✅— No negative treatment on recordhow we know
Aeeirmed · Decided 1880-10-15
How this case has been cited
Cited by 6 later decisions — most recently March 1936
6 state decisions
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