Gee v. Alabama Life Insurance & Trust Co.
Gee v. Alabama Life Insurance & Trust Co.
Opinion of the Court
The principle relied on by the counsel for the plaintiff, that corporations can do no acts, nor enter into any contracts, unless enabled to do so by their charters, need not be denied. Admitting this to be the law, we need only examine the charter of the Alabama Life Insurance and Trust Company, and we will see that by the terms of the charter, the company can lend money, and take a bill of exchange as
Here is an express grant of power, to invest money in personal securities, within the meaning of which, bills of exchange are embraced. This grant of power is not limited or restricted by the charter to any particular species of personal security, to the exclusion of others.
We cannot review the action of the court below on an ancillary attachment, by a writ of .error. Mandamus is the proper remedy to revise the action of the court below, eithep in quashing, or refusing to quash an ancillary attachment, See Henderson v. Daily, decided at this term,
The judgment of the county court is affirmed,
Case-law data current through December 31, 2025. Source: CourtListener bulk data.