Borough of Deal v. Asbury Park & Ocean Grove Bank

The opinion of the court was delivered by

Parker, J.

The conclusions of the vice-chancellor were oral, and apparently delivered at the termination of a short hearing. They are dated September 13th, 1934. This was several months before the decision of this court in the case of Maurello v. Broadway Bank and Trust Co., 114 N. J. Law 167, which was argued October lT'th, 1934, and decided January 10th of the present jrear. We consider that the Maurello Case is controlling, and that the principles therein stated, when applied to the facts of this case, require an affirmance of the decree below.

The…