Supreme Judicial Court of Maine October 12, 1889 (Lincoln National Bank v. City of Portland)

Haskell, J.

The Portland & Ogdensburg Railroad Company issued its mortgage bonds dated November 1, 1871, with interest coupons attached, payable semi-annually at the rate of six per cent per annum, until the bonds should fall due at the end of thirty years.

The mortgage securing these bonds became foreclosed December 15,1885, and under chap.