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MATTER OF INNES & GAENZLER v. VILL. ASSESSOR OF THE INC. VILL. OF HEMPSTEAD

19 A.D.2d 627 (1963)

In the Matter of Innes & Gaenzler et al., Respondents, v. Village Assessor of the Incorporated Village of Hempstead et al., Appellants. (Proceeding No. 1.) Irving Pinsker et al., Respondents, v. William O. Gulde, as Mayor of The Incorporated Village of Hempstead, et al., Appellants. (Proceeding No. 2.) Franklin Shops, Inc., et al., Respondents, v. Village Assessor of the Incorporated Village of Hempstead et al., Appellants. (Proceeding No. 3.)

Appellate Division of the Supreme Court of the State of New York, Second Department.

June 10, 1963

Order modified on the law so as to provide that the interest on the refunds directed by the fourth decretal paragraph to be made to the petitioners shall be computed at the rate of 4% per annum to July 1, 1956, and at 3% thereafter. As so modified, the order is affirmed, with costs to the petitioners. The findings of fact are affirmed.

Prior to July 1, 1956, section 3-a of the General Municipal Law provided for a maximum interest rate of 4% per annum on all accrued...

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