Case Name: THE BRIDGEWATER COPPER MINING COMPANY, APPELLANTS, and GOOLD HOYT, RESPONDENT
Court: New Jersey Court of Errors and Appeals
Jurisdiction: New Jersey
Decision Date: 1848-10
Citations: 6 N.J. Eq. 625
Docket Number: 
Parties: THE BRIDGEWATER COPPER MINING COMPANY, APPELLANTS, and GOOLD HOYT, RESPONDENT.
Judges: 
Reporter: New Jersey Equity Reports
Volume: 6
Pages: 625–625

Head Matter:
THE BRIDGEWATER COPPER MINING COMPANY, APPELLANTS, and GOOLD HOYT, RESPONDENT.
1. A bond and mortgage given in fulfillment of a prior written agreement for the sale and purchase of property, at a price stipulated, to be paid in a stipulated manner, with interest, the interest to be paid half yearly, in advance — held not to be usurious,
2. A new bond and mortgage were substituted for the first, dispensing with, the payment Of interest in advance. Semble, that if the first could be held usurious, the contract might, by subsequent agreement of the parties, be freed from the vice.
8. Acts of a subsequent board of directors of a corporation, which were held to be a recognition and sanction of a mortgage given by a former board.
This case is reported ante p. 253.
P. D. Vroom, for the appellants.
B. Williamson, for the respondent.

Opinion:
The decree of the Chancellor was unanimously affirmed.
Decree affirmed.