Safe Deposit & Trust Co. v. Baltimore-Gillet Co.

The appellees’ assignor, after purchasing from the appellants a tract of land in the suburbs of Baltimore City, giving the appellants a mortgage for part of the purchase price, made a contract with the City for the extension of water mains under streets to be opened on the tract, upon a deposit with the City of $8370; and there was a stipulation for allowance of credits or refunds as dwelling houses should be built subsequently to connect with the mains, and service charges for the con nections should be paid. These credits have accumulated, but meanwhile the mortgage has been foreclosed and…