New York Terminal Co. v. Gaus

Kellogg, J.:

In an action in the Supreme Court by the Knickerbocker Trust Company, as trustee, against the Brooklyn Ferry Company of New York, to foreclose a second mortgage, an order was duly made October 16, Í906, appointing Joseph J. O’Donohue, Jr., receiver for said company, and he duly qualified and took possession of its assets and continued to hold and manage the property of the ferry company until June 25, 1908, when by virtue of the judgment in *348said' action all of its property, save the franchise to be a corporation, was sold in twenty-five separate parcels “ subject to all taxes…