the collateral it held as security for the bonds. Together with the $82,-001.19 recovered from this same collateral and tendered by the Trustee towards the surety’s claim based on the Wigley settlement, Eastern Indemnity received back $217,558.19 of the $315,557 it had disbursed, leaving a balance of $97,998.81 paid out on behalf of Boggs but not reimbursed. 4 . The precise amount of the fund is the original $90,000, less administrative expenses of the bankruptcy estate, plus interest earned on the balance. 5 . Similarly, Trinity Bank contests the bankruptcy court’s finding that Stiegler had apparent authority to subordinate the bank's priority but fails to address Insurance Co. of North America v. Fredonia State Bank, 469 S.W.2d 248 (Tex.Civ. App.—Tyler 1971, writ ref’d n.r.e.) (<HOLDING>). 6 . See also id. §§ 1-18 (discussing in
holding apparent authority can never be derived from the acts of the agent alone but is to be determined by indicia of authority given by the principal holding that authority with which the  1983 defendant is clothed may be actual or apparent holding that a bank may be estopped from denying the apparent authority of one who serves as its executive vice president holding that the fact that a corporate president added the word president after his name on a guaranty agreement could not defeat the agreements purpose of making the president a guarantor of the corporations promissory note the addition of the word president did not create a corporation guaranty of its own obligation holding that defendants position as bank vice president which allowed him knowledge of the banking system and the operations of the bank as well as the ability to oversee commercial and real estate loans and to act as a compliance officer qualified as a position of trust