Duffy v. Central R. Co. of NJ

During the year 1916, respondent, as lessee, was iri possession of arid operating certain railroads and brandies ixi New Jersey and Pennsylvania. The leases were for terms of 999 years and bound respondent to maintain and keep the leased property in good order and repair and-fit for efficient use. Each provided that in. the event of a default in that respect the lease might be terminated by the lessor. At the same time, respondent had leases of certain piers from the City of New York for various terms with the privilege of renewal, not to exceed in any case 30 years in all. One such lease…