In re St. Luke's Hospital

Petitioner, St. Luke’s hospital, a domestic membership corporation, applies under section 21 of the Membership Corporations Law and article 5 of the General Corporation Law for permission to sell the real property described in the petition, for which a contract of sale was entered into between petitioner and Consolidated Edison Company of New York, Inc., on November 22, 1961, calling for a purchase price of $1,750,000 and brokerage commissions to be paid by petitioner, subject to the approval required of this court.

The petition reveals that a higher offer was made by Columbia University in…