Samuel Freeman Miller

“ The right of the corporation to make a mortgage which should cover everything described in this mortgage, under ordinary acts of incorporation, or the provisions usually found in such acts, might be an interesting question. It also admits of doubt whether the mortgagor corporation in this case intended, by the use of the general language found in this instrument describing what was conveyed, to transfer all of t e powers, the privileges, and the franchises conferred upon it by its charter. ”

“ A mortgage is in effect a sale with a power of defeasance, which may ultimately end in an absolute transfer of the title. This language is in its nature inconsistent with a limitation upon the power of the company to transfer its rights and privileges. ”

“ Be it enacted by the legislative assembly of the territory of Oregon that George H. Williams, Alfred Stanton, Joseph Watt, Joseph Holman, Daniel Waldo, William H. Rector, E. M. Barnum, J. G. Wilson, and J. D. Boon, and their associates, stockholders in the joint-stock company known as the 'Willamette Woolen Manufacturing Company,' and their successors, are hereby declared a body corporate and politic by the name and style of the 'Willamette Woolen Manufacturing Company,' for the purpose of creating and improving water-powers and privileges and manufacturing ”