Legal Opinion
Loring M. Hewen Co. v. Thibaut Realty Co.
New York Supreme Court
Decided February 25, 1935PublishedCited by 2 opinions
1Opinion of the CourtRosenman, J.
On August 2, 1926, Ret Realty Corporation leased the premises 269-271 Madison avenue, New York city, to 269 Madison Avenue, Inc., hereinafter called the lessee, for a period of sixty-three years. In order to obtain funds to construct a new office building on the leased property, the lessee issued $950,000 principal amount of first mortgage leasehold bonds, payable in ten years and bearing six and one-half per cent interest. To secure payment of these bonds, the lessee executed a mortgage on the lease on May 1, 1927. The Farmers’ Loan and Trust Company (now known as City Bank Farmers Trust…
2Cases cited16 opinions
- Lawrence v. . FoxNew York Court of Appeals · 1859
- Durnherr v. . RauNew York Court of Appeals · 1892
- Cornwell v. . SanfordNew York Court of Appeals · 1918
- Finance & Guaranty Co. v. OppenhimerSupreme Court of the United States · 1928
- Walton v. Cronly's AdministratorNew York Supreme Court · 1835
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3Cited by2 opinions
- Durand v. LipmanCity of New York Municipal Court · 1937
- Emray Realty Corp. v. LloydAppellate Terms of the Supreme Court of New York · 1956