Stanley-Fabian Corp. v. H.J. Theatrical, C., Co.

In 1929 the complainant conveyed to the City Investment Company a parcel of land on North Seventh street, in the city of Newark, upon which land there then was and now is situate a theatre building. The deed contained the following restriction:

"As long as Stanley-Fabian Corporation, and/or Stanley Company of America and/or Warner Bros. Pictures, Inc., or their or any of their respective successors or assigns, or any corporation of which they or their or any of their respective successors or assigns own 51% or more of the capital stock, is the owner, lessee, or operator, or is interested in…