Lathrop v. Commercial Bank

“ The Commercial Bank of Scioto,” in Ohio — which was authorized, by its charter of incorporation granted by that State, to issue and discount bilis &c. and to acquire land in payment of debts, or for securing debts to which it should become entitled, in the authorized sphere of its business — obtained, in the year 1833, a mortgage on a 'tract of land in Greenup county, Kentucky, executed, in 'the said county, by Jacob Clingman, (the owner,) for the .purpose of securing a debt due to it by the mortgagor, upon a contract, made in the State of Ohio, within the scope of its prescribed authority.…