New York State Gas & Electric Corp. v. Gilchrist

H. T. Kellogg, J.:

The relator executed and delivered to the Equitable Trust Company of New Yoix a mortgage upon certain real estate. The mortgage was dated July 1, 1921, and was recorded in the several counties where the real estate was situate prior to July, 1922. ^ It was given to secure bonds to be issued to an amount not limited to be determined by the relator. Bonds totaling $1,295,111, designated “ firs! series,” dated July 1, 1921, to mature July 1, 1947, and to bear Interest at five per cent, were duly issued. Bonds totaling $1,719,006. designated “ second series,” dated July 1, 1921,…