Price v. Philadelphia Parking Authority

Opinion by

Mr. Justice Roberts,

In May 1964, appellants, B. Price and Barook Masuda, instituted an action in equity to enjoin appellee, the Philadelphia Parking Authority, from proceeding under separate negotiated agreements for the development of two projects, hereafter referred to as the Academy House Project and the Rittenhouse Square Project, and to have such agreements declared null and void.

*320The Philadelphia Parking Authority is “a public body corporate and politic, exercising public powers,”1 created by the City of Philadelphia pursuant to enabling legislation2 for the purpose of…