Supreme Court of North Carolina October 5, 1883 (Commissioners of Moore County v. MacRae)

MerrimON, J.,

after stating the case. The defendants undertook and obliged themselves by their bond, to make good in money any default of their principal, “pertaining to the school fund” that might go into his hands during his term of office as treasurer, and particularly, for the purposes of this action, that

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he would, in going out of office, pay over to his successor all sums of money he