Case ID: ohio-law-abs_5/html/0013-04.html
Source: Caselaw Access Project
Author: {"author": "ALLEN, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

No. 19
    No. 19837
    The American Guaranty Co. v. The Cliff Wood Coal and Supply Company, et al.
    Error to the Court of Appeals of Hardin County.
    1139. SURETY BONDS — 1. Where compensated surety gives bond for erection of school building under 2365-2 GC., and bond is given pursuant to 2365-1 to 2365-4 GC., even though it does not comply with the statute in all its terms, it is controlled by the statute with regard to recovery for labor or materials furnished in the construction.
    2. Parties executing á bond pursuant to 2365-1 to 2365-4 GC., are 'chargeable with notice of their- provisions and material men and subcontractors may avail! themselves of the bond security although they are not expressly named therein.
   ALLEN, J.

1. Where bond is given by a compensated surety in connection with a contract for the erection of a public school building, in the amount required under Section 2365-2, of the General Code, the bond is given pursuant to Sections 2365-1 to 2365-4, inclusive, of the General Code, and even though it does not in all of its terms comply with the statute, it is controlled by and subject to the provisions of the statute with regard to recovery for all labor performed or materials furnished in the construction of such building.

2. When parties execute a bond pursuant to Sections 2365-1 to 2365-4, inclusive, of the General Code, they are chargeable with notice of the provisions of the statute, and material men and sub-contractors may avail themselves of the security of the bond al-thougr they are not expressly named therein.

Judgment affirmed.

Marshall, CJ., Jones, Matthias, Day, Kin-kade and Robinson, JJ., concur.