Case ID: ad_240/html/1018-03.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

In the Matter of the Application of The City of New York, Relative to Acquiring Title, Wherever the Same Has Not Been Heretofore Acquired, for the Same Purpose in Fee to the Real Property that Shall or May Be Required for the Widening of Chrystie Street from Canal Street to East Houston Street, Forsyth Street from East Broadway to East Houston Street, Hester Street, Broome Street, Rivington Street and Stanton Street from Chrystie Street to Forsyth Street, Together with the Additional Lands to Be Acquired in Connection Therewith, in the Borough of Manhattan, City of New York. The Emigrant Industrial Savings Bank, Appellant, Respondent; Manufacturers Trust Company, Appellant, Respondent.
   Order so far as appealed from modified by striking therefrom the following: “ Ordered, that the Comptroller of the City of New York be, and he hereby is, directed to pay over to the Emigrant Industrial Savings Bank, out of said award, the sum of $27,300.00, with interest thereon from August 9th, 1929, at the rate of 5J% per annum to the date of payment affecting Damage Parcel No. 258 in this proceeding, upon execution and delivery to the Comptroller of the City of New York of a satisfaction of the mortgage of the said Emigrant Industrial Savings Bank affecting said premises, together with the original mortgage;” and inserting in lieu thereof the following: “ Ordered, that the Comptroller of the City of New York be, and he hereby is, directed to pay over to the Emigrant Industrial Savings Bank, out of said award, the sum of $27,300.00, with interest thereon from August 9th, 1929, at the rate of 6% per annum to the date of payment affecting Damage Parcel No. 258 in this proceeding, upon execution and delivery to the Comptroller of the City of New York of a satisfaction of the mortgage of the said Emigrant Industrial Savings Bank affecting said premises, together with the original mortgage;” and as so modified affirmed. No opinion. Settle order on notice. Present — Finch, P. J., Merrell, Martin, O’Malley and Glen-non, JJ.,