Wilentz v. Society for Establishing Useful Manufactures

The opinion of the court was delivered by

Perskie, J.

The question requiring decision in this cause is whether respondent who has since 1796 abandoned direct manufacture of commodities, theretofore manufactured by it, other than electricity and steam, has so violated the provisions of its charter as to justify the forfeiture thereof, or, as more specifically urged for informant, that there should be, under the proofs here exhibited, a judgment of ouster to the extent of exscinding the perpetual exemptions from taxation now-enjoyed by respondent, under its charter with the state, in the city of…