MR. JUSTICE WOODS delivered the opinion of the court. He stated the facts in the foregoing language, and continued:
It is clear that the complainant was entitled to a decree of foreclosure unless the grounds of defence alleged by the respondent Reed were well taken.
The first of these was, that the directors of the mining company, who executed the bond and mortgage, did so without authority, and the bond and mortgage were therefore null and void. It is a sufficient...
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