Vanderpoel v. Borough of Mount Ephraim

The opinion of the court was delivered by

Bodine, J.

A judgment was recovered against the borough of Mount Ephraim. Execution was levied upon moneys on deposit with the Mount Ephraim National Bank carried in the savings, current, water department and bond and interest accounts. By stipulation, the levy was withdrawn from the current and water department accounts. The Supreme Court refused to vacate the levy on the savings and bond interest account. The present appeal brings before us the propriety of this ruling.

The record discloses that the ratables of the borough are but twice its bonded debt…