Union Bank of Australia (Limited) v South Canterbury Building and Investment Company (Limited) - (1894) 13 NZLR 489

Company — Borrowing-powers — Building and Investment Company — Articles of Association — Power to borrow on Debentures — Validity of Article — "Debenture," what is — Bank Overdraft — Unauthorised Act of Directors — Ratification by Shareholders — Subrogation — New Article empowering Borrowing generally, and on any Security — Power to give Security for Past Debt.