Mahlon Pitney

“ We are of opinion that a corporation organized under the laws of Illinois is to be deemed a resident of the state within the meaning of the chattel mortgage act, and that the county of its residence must be taken to be the county in which its principal office is located. ”

“ It is hardly necessary to say that whatever equities, if any, arose out of the mortgagor's representation that its principal place of business was at Beardstown, or out of the fact that the mortgage was given to secure a part of the purchase price of the dredge, were confined in their effect to the immediate parties, and could not operate to estop the trustee in bankruptcy, representative of the interests of creditors, for whose protection the recording act was passed. ”

“ Whether 'principal office' and 'business office' are synonymous is not entirely clear, and we are referred to no decision by the state courts throwing light upon this. But, supposing them to be synonymous, it does not seem to us that the report of the commissioners for stock subscriptions can have the effect of establishing the office in Cass county, for we find do authority in the commissioners to materially change the location of the principal office as formally declared by the organizers. ”