Legal Opinion
Ithaca Trust Co. v. Ithaca Traction Corp.
New York Court of Appeals
Decided May 29, 1928PublishedCited by 4 opinions
1Opinion of the CourtPound, J.
The action is to foreclose a second mortgage given by the Ithaca Street Railway Company, dated January 2, 1894. Prior to it is a first mortgage to defendant-respondent Farmers’ Loan and Trust Company, dated July 1, 1892.
The Ithaca Street Railway Company, when the mortgage in suit was executed, owned and operated an electric street railway in the city of Ithaca. The Cayuga Lake Electric Railway Company operated a line about two miles in length which was an extension of the line of the Ithaca Street Railway Company on Tioga street to Cayuga lake. It was first leased by and then merged into the…
2Cases cited1 opinion
- Platt v. New York & Sea Beach Railway Co.Appellate Division of the Supreme Court of the State of New York · 1896
3Cited by4 opinions
- Guaranty Trust Co. v. New York & Queens County Railway Co.New York Court of Appeals · 1930
- Village of Stillwater v. Hudson Valley Railway Co.New York Court of Appeals · 1931
- Prosch v. YaleDistrict Court, E.D. Michigan · 1969
- Guaranty Trust Co. v. New York & Queens County Railway Co.Appellate Division of the Supreme Court of the State of New York · 1929