UNITED STATES TRUST COMPANY OF NEW YORK, ETC., PLAINTIFF,
v.
THE STATE OF NEW JERSEY, ET AL., DEFENDANTS.
DANIEL M. GABY, PLAINTIFF,
v.
THE PORT OF NEW YORK AUTHORITY, ET AL., DEFENDANTS.
Superior Court of New Jersey, Law Division.https://leagle.com/images/logo.png
Argued April 8, 1975.
Argued April 9, 1975.
Decided May 14, 1975.
Attorney(s) appearing for the Case
Mr. Robert B. Meyner and Mr. Devereux Milburn (of the New York Bar) for plaintiff United States Trust Company (Messrs. Meyner, Landis & Verdon, attorneys; and Messrs. Carter, Ledyard & Milburn, attorneys; and Mr. Donald J. Robinson (of the New York Bar) Messrs. Hawkins, Delafield & Wood, attorneys).
Mr. Michael I. Sovern (of the New York Bar) and Mr. Murray J. Laulicht, special counsel for defendants (Mr. William F. Hyland, Attorney General of New Jersey, attorney; Mr. Harold S.H. Edgar (of the New York Bar) on the brief).
Mr. Theodore W. Kheel (of the New York Bar) and Mr. Howard Stern for plaintiff Daniel M. Gaby (Messrs. Battle, Fowler, Stokes & Kheel, attorneys, and Messrs. Shavick, Stern, Schotz, Steiger & Croland, attorneys).
Mr. Joseph Lesser (of the New York Bar) for defendant Port Authority of New York and New Jersey (Mr. Francis A. Mulhern, attorney); and Mr. Patrick J. Falvey (of the New York Bar), Ms. Isobel E. Muirhead, Mr. Arthur P. Berg (of the New York Bar), (Mr. Vigdor D. Bernstein, of counsel).
Superior Court of New Jersey, Law Division.
GELMAN, J.S.C.
These are consolidated actions which have as their common subject matter the constitutional validity of legislation of this State creating, and later repealing, a covenant between the States of New Jersey and New York and the holders of bonds issued by the Port Authority of New York and New Jersey (Port Authority).1 The first legislative act in question, chapter 8...
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