Legal Opinion
People Ex Rel. Terminals & Transportation Corp. of America v. State Tax Commission
New York Court of Appeals
Decided November 18, 1930PublishedCited by 2 opinions
1Opinion of the CourtCrane, J.
The respondent on or about June 2, 1927, executed a corporate trust mortgage to the Guardian Trust Company of Detroit and Lewis K. Walker, trustees, to secure bonds in an unlimited amount. There was advanced on such mortgage the sum of $3,500,000.
On the same date the respondent also executed a corporate trust mortgage to the Manufacturers and Traders Peoples Trust Company and Thomas Cantwell, trustees, to secure bonds in the amount of $1,500,000, all of which had been advanced.
Both mortgages covered the identical property consisting of real property situated at Buffalo, New York, and stocks…
2Cases cited8 opinions
- Farmers Loan & Trust Co. v. MinnesotaSupreme Court of the United States · 1930
- Frick v. PennsylvaniaSupreme Court of the United States · 1925
- Blodgett v. SilbermanSupreme Court of the United States · 1928
- Baldwin v. MissouriSupreme Court of the United States · 1930
- People Ex Rel. Alpha Portland Cement Co. v. KnappNew York Court of Appeals · 1920
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3Cited by2 opinions
- Citizens National Bank & Trust Co. v. Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1949
- In re Overseas Securities Co.Appellate Division of the Supreme Court of the State of New York · 1931