Yara Engineering Corp. v. Newark

The bill of complaint alleges that on March 8th, 1944, the complainant, by two deeds, conveyed certain lands to the defendant, City of Newark, for an agreed price of $3,200 per acre, plus interest thereon at 6 per cent. per annum from June 1st, 1929, to the date of the conveyance, plus taxes on the lands paid by complainant or its predecessors in title, for the period subsequent to June 30th, 1927, making a total purchase price of $264,445. Complainant shows that no part thereof has been paid and prays that the court establish a vendor's lien upon the lands in the amount of the purchase…