People ex rel. Boston & Maine Railroad v. Loughman
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtHasbrouck, J.
The question presented for review is whether or not the case is governed by the decision in People v. Boston & Maine Railroad (202 App. Div. 54) or by Matter of New York State Gas & Electric Corporation v. Gilchrist (209 id. 771).
*362After quoting the statute, Cochrane, P. J., said in Peop e v. Boston & Maine Railroad: “ There is no provision in the mortgage or otherwise requiring the original bondholders to accept new bonds in place of those matured. They were entitled to have their bonds paid. The transaction was in no sense an exchange of bonds. The new bonds were placed on the market and the…
Also in this document: Concurrence.
2Cases cited3 opinions
- People Ex Rel. Banner Land Co. v. State Tax CommissionNew York Court of Appeals · 1926
- New York State Gas & Electric Corp. v. GilchristAppellate Division of the Supreme Court of the State of New York · 1924
- People v. Boston & Maine RailroadAppellate Division of the Supreme Court of the State of New York · 1922
3Cited by7 opinions
- Matter of Park 46th St. Corp. v. State Tax Comm.New York Court of Appeals · 1946
- In re Erie RailroadAppellate Division of the Supreme Court of the State of New York · 1940
- Fifth Avenue & 46th Street Corp. v. BragaliniAppellate Division of the Supreme Court of the State of New York · 1957
- Defiance Paper Co. v. BrowneAppellate Division of the Supreme Court of the State of New York · 1944
- In re Erie RailroadAppellate Division of the Supreme Court of the State of New York · 1940
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