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GREGG v. COYLE

Civ. 9353.

217 F.Supp. 364 (1963)

Ralph J. GREGG, Plaintiff, v. E. C. COYLE, Jr., Defendant.

United States District Court W. D. New York.

March 31, 1963.

Attorney(s) appearing for the Case

Albrecht, Maguire, Heffern & Gregg, Buffalo, N. Y. (George M. Zimmermann, Buffalo, N. Y., of counsel), for plaintiff.

John T. Curtin, U. S. Atty. (Eugene P. O'Connor, Asst. U. S. Atty., of counsel), for defendant.

HENDERSON, District Judge.

In 1960, Park Club Swimming Pool, Inc. was formed to organize, finance, and construct swimming pool and bathhouse facilities on the premises of the Park Country Club of Buffalo, Inc. Construction of these facilities was financed by the issuance of two types of bonds. The type involved in this case were designated "Privilege Bonds," were non-interest bearing, and could be held only by members of the Park Country Club. The holder of two of...

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