New York Trust Co. v. New York County Trust Co.

Levy, J.:

The defendant has filed its certificate of incorporation for the conduct of a banking and trust company business under the name “ New York County Trust Company,” with a capital of $500,000 and a surplus of $250,000. Pursuant to section 23 of the Banking Law it secured the necessary approval of'the Superintendent of Banks of the State on the 16th day of July, 1925. It contemplates maintaining its place of business at 97 Eighth avenue, borough of Manhattan. The plaintiff, The New York Trust Company, operates a rather large banking business in New York city at 100 Broadway, with branch…