New York Life Ins. v. Irving Trust Co.

MANTON, Circuit Judge.

The United Cigar Stores Company of America was adjudicated a bankrupt August 29, 1932, and the Irving Trust Company qualified as trustee. The bankrupt’s liabilities included an obligation to pay taxes on property located in Chicago, Ill., which the bankrupt, at the time of its adjudication, held as lessee under a written lease dated August 21, 1922; Henry J. Sontag and others, as trustees under a decedent’s trust estate, were the lessors named in the lease. By a clause of the lease, the bankrupt agreed to pay all taxes and assessments, general and special, which might be…