Rhame NewsLocal news for Rhame, ND continually updated from thousands of sources on the web.Attorney: Bankrupt Grain Elevator's Bond Too Small- June 18, 2008 A North Dakota grain elevator was stiffing farmers on grain purchases long before it went broke, and its bonding company should have to pay double its declared coverage as a result, an attorney says. Sarah Vogel asked the North Dakota Supreme Court on Monday to rule that Hartford Fire Insurance Co. be required to pay $200,000 to cover its bond obligations for Minnesota Grain Inc.'s elevator in Rhame, in southwestern North Dakota. The elevator was declared insolvent in April 2007 after it could..http://www.topix.net/city/rhame-nd/2008/06/attorney-bankrupt-grain-elevators-bond-too-smal... |