In re Majestic Hotel

Crumlish, J.,

The Land Title Bank & Trust Company, mortgagee in possession, has petitioned for the review of the assessment made by the board of revision of taxes on premises southeast corner Broad and Stiles Streets. It avers that title to the premises is registered in the name of the Majestic Hotel, Inc., and that as a result of default in payment of the principal and interest of the mortgage thereon, and the bonds secured thereby, petitioner has entered into possession of the premises and is collecting rents, issues, and profits from the property and paying thereout the expenses incident to…