Township of Long Beach v. Daniel B. Frazier Co.

Bekey., Y. C.

(Orally.)

Let it be noted on the record that both sides rest this morning without the taking of any further testimony and without the submission of any further evidence.

I am going to dispose of this interest question now, before the argument proceeds any further, unless what you have to say is related in some way to the interest.

This controversy now resolves itself into a question of what rate of interest the municipality is entitled to collect upon a redemption of the properties involved from the tax sales which are here the subject of foreclosure. It is conceded that there is…