A Treatise on the Law of Corporate Bonds and Mortgages

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Excerpt from A Treatise on the Law of Corporate Bonds and Mortgages: Being the Second Edition of "Railroad Securities, " RevisedThe author, in writing his Treatise on the Law of Mortgages of Real Property, at first intended to follow out the application of the general law of the subject to mortgages made by railroad com panies and similar corporations but he found that any treatment he could give these special topics within the limits of that work would, from its brevity, be wholly unsatisfactory. This fact, to gether with the consideration that nearly all the adjudications upon corporate mortgages relate to matters mostly foreign to the general Law of Mortgages, led the author to omit these matters from his work upon the general subject. The present volume is intended to make good that omission.It has been the purpose of the author not to include in the pres ent treatise subjects elementary or general in the Law of Mort gages. The public nature of railroad and other like corporations, having public duties to perform, in return for the franchises granted them, and the nature and extent of their property, have introduced into mortgages of their franchises and property new elements of law which have now developed into a separate branch of jurisprudence. A glance at the Table of Contents of this vol ume will show how widely the topics considered differ from those which arise under ordinary mortgages, and even when the titles are the same, an examination of the contents will generally show that, as applied to these corporate securities, the substance of the law is different.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.