after its indebtedness
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 108 U.S. 389 - Warren v. King · 1883Most cited · 173 citing opinions
next after the indebtedness then existing or then authorized; that the preferred stock was issued to the holders of preferred certificates, owners of the property, as a quasi purchase-money mortgage on its sale; and that they intended to preserve their position except as to the new $6,000,000 mortgage, because they authorized that and did not authorize any other.