Westinghouse Electric & Manufacturing Co. v. Weikel

Ingersoll, V. C.

It was stipulated by and between counsel that a bill to-foreclose the mortgage made by Shelburne, Incorporated, to-New York Trust Company, bearing date 1st of July, 1925, recorded in the Atlantic county clerk’s office, book 357 of' mortgages, page 65, was filed on July 13th, 1931, by the-New York Trust Company, trustee under said mortgage. Said mortgage was a trust mortgage given to secure an issue of three million dollars of bonds and contained, with respect to the description in said mortgage, the following:

“Now, therefore, for the purpose of securing the payment of…