United States v. Ringwood Iron Mines, Inc., the Borough of Ringwood, and State of New Jersey, Borough of Ringwood

GOODRICH, Circuit Judge.

This case involves a question of priority of liens between the United States and the Borough of Ringwood, New Jersey. The district court decided in favor of the United States and against the Borough, D.C.N.J.1957, 151 F.Supp. 421, and the Borough appeals.

The subject matter of the litigation is a tract of land in the Borough of Ring-wood, New Jersey. . In 1950 the United States acquired this land from the Reconstruction Finance Corporation. In 1951 the United States conveyed the land to the Ringwood Iron Mines taking back a note for the purchase price secured by a…