People ex rel. Rubin v. Tax Commission

The relators are the trustees mentioned herein.' The relators were appointed trustees of the Hotel Winder-mere Trust by an order of the Supreme Court, pursuant to section 122-a of the Real Property Law, to reorganize a defaulted trust mortgage on the premises made by a prior owner, the Windermere-92nd Street Corporation. The purpose 'of the trustees herein was to liquidate the property with du& regard to the interest of the certificate holders. They operated the premises as an apartment hotel from the date of their appointment until March 30, 1953 when the premises and the personal property…