The Law Reports (Chancery Division)
[1906] 1 Ch 497
[CHANCERY DIVISION]
In re
BRITISH POWER TRACTION AND LIGHTING COMPANY, LIMITED.
HALIFAX JOINT STOCK BANKING COMPANY, LIMITED
v.
BRITISH POWER TRACTION AND LIGHTING COMPANY, LIMITED.
[1902 B. 3355.]
1906 Jan. 24,
25,
26;
Feb. 6.
Feb. 6.
WARRINGTON J.
Company
— Receiver and Manager
— Authority to borrow limited Sum for General Purposes of the Business
— Limit exceeded
— Indemnity
— Priority over Debenture-holders.