Legal Opinion
Towers Hotel Corp. v. Lafayette Nat. Bank
Court of Appeals for the Second Circuit
Decided February 27, 1945No. 141PublishedCited by 20 opinions
1Opinion of the Court
AUGUSTUS N. HAND, Circuit Judge.
In 1936 Clark and Willow Streets Corporation owned the Towers Hotel in Brooklyn, New York, which was subject to a mortgage and also to large arrears of taxes. The principal amount of the mortgage was originally $1,100,000, but was later reduced to $1,067,000. Interest was at the rate of 6%, that is, 5Yz% net to certificate-holders. On March 1, 1934 Clark and Willow Corporation defaulted in payment of mortgage interest. The bond and mortgage were dated March 31, 1931 and were made to Title Guarantee and Trust Company which issued participation certificates in it…
2Cases cited7 opinions
- North American Car Corp. v. Peerless Weighing & Vending MacHine Corp.Court of Appeals for the Second Circuit · 1944
- The Farmers'loan and Trust Co.Supreme Court of the United States · 1889
- In Re Flatbush Ave.-Nevins St. CorporationCourt of Appeals for the Second Circuit · 1943
- Clinton Trust Co. v. John H. Elliott Leather Co.Court of Appeals for the Second Circuit · 1942
- French v. ShoemakerSupreme Court of the United States · 1871
2 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Reese v. Beacon Hotel CorporationCourt of Appeals for the Second Circuit · 1945
- In Re Pittsburgh Terminal Coal Corp. Appeal of Pittsburgh Terminal Realization CorpCourt of Appeals for the Third Circuit · 1950
- In the Matter of the New York, New Haven and Hartford Railroad Company, DebtorCourt of Appeals for the Second Circuit · 1972
- Duebler v. Sherneth Corp.Court of Appeals for the Second Circuit · 1947
- Prudence-Bonds Corp. v. City Bank Farmers Trust Co.Court of Appeals for the Second Circuit · 1951
15 more not listed; retrieve them via the Exa API.