Legal Opinion
In re the Port Authority Trans-Hudson Corp.
New York Supreme Court
Decided June 10, 1966PublishedCited by 3 opinions
1Opinion of the CourtCharles A. Loreto, J.
The award in condemnation of the railroad having been made (48 Misc 2d 485), there remain several questions as to the rate of interest that should be applied to it.
I
One is whether the' railroad should be viewed as a “ unitary operating entity ” and, therefore, as Port Authority Trans-Hudson Corporation (PATH) contends, the New York rate of inteiest should apply even though the property is also located in New Jersey. On the other hand, the claimant argues with reason that if the railroad were to be considered a unitary entity, it should be the New Jersey rate, where the greater part of the…
2Cases cited7 opinions
- Seaboard Air Line Railway Co. v. United StatesSupreme Court of the United States · 1923
- Kieselbach v. CommissionerSupreme Court of the United States · 1943
- United States v. RogersSupreme Court of the United States · 1921
- Matter of City of N.Y. (Bronx River Parkway)New York Court of Appeals · 1940
- United States v. SargentCourt of Appeals for the Eighth Circuit · 1908
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3Cited by3 opinions
- Earl M. Jorgensen Co. v. Mark Construction, Inc.Hawaii Supreme Court · 1975
- United States v. Michael Schiavone & Sons, Inc.District Court, D. Massachusetts · 1969
- In re the City of New YorkAppellate Division of the Supreme Court of the State of New York · 1969