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TP. OF WAYNE v. RICMIN, INC., ET AL.,

124 N.J. Super. 509 (1973)

308 A.2d 27

TOWNSHIP OF WAYNE IN THE COUNTY OF PASSAIC, A MUNICIPAL CORPORATION OF THE STATE OF NEW JERSEY, PLAINTIFF-RESPONDENT, v. RICMIN, INC., ET AL., DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided July 12, 1973.

Attorney(s) appearing for the Case

Mr. Gary L. Falkin argued the cause for appellant (Messrs. Beckerman, Franzblau & Cohen, attorneys; Messrs. S.M. Chris Franzblau and Gary L. Falkin of counsel and on the brief).

Mr. Michael K. Diamond argued the cause for respondent.

Before Judges FRITZ, LYNCH and TRAUTWEIN.

The opinion of the court was delivered by LYNCH, J.A.D.

In this condemnation case the complaint was filed before the enactment of the Eminent Domain Act of 1971 (N.J.S.A. 20:3-1 et seq.) which became effective December 21, 1971. The issue before us is whether, under that statute, interest on the ultimate award of $170,000 runs, as defendant contends, from the time of filing the complaint on July 27, 1970 to the time plaintiff deposited $140,000 with...

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