Guardian Depositors Corp. v. David Stott Flour Mills, Inc.

I cannot agree that the reference to the clause referring the bondholder to the trust mortgage in order to ascertain the terms and conditions upon which the bonds were issued and secured is obscure or indefinite. It is inconspicuous because grouped with matters not controlling the right to sue on the bond, but it distinctly refers to the trust mortgage and the "terms and conditions on which said bonds are issued and secured." We have consistently held that reference in the bond to the mortgage for other conditions was sufficient. Morley v. University of Detroit,263 Mich. 126; Michigan Trust…