Vanderbilt v. Hackensack Water Co.

Fielder, V. C.

Complainants, holders of a first mortgage on apartment house property in the town of West New York, are in peaceful possession of the mortgaged premises by virtue of a provision in the mortgage which authorizes them, upon default in the condition of the bond, to enter into possession and collect the rents, issues and profits thereof. Defendant' is a private water company engaged in supplying water to inhabitants of West New York and neighboring municipalities. Complainants, immediately upon entering into possession, gave notice to defendant that thereafter they would be re…