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MTR. OF CITY OF N. Y. (5TH AVE. COACH)

41 Misc.2d 1066 (1964)

In the Matter of the City of New York Relative to Acquiring Title to Real Property of Fifth Avenue Coach Lines, Inc. (Five Proceedings.)

Supreme Court, Special Term, New York County.

February 17, 1964

Attorney(s) appearing for the Case

Willkie, Farr, Gallagher, Walton & Fitz Gibbon for claimants. White & Case (William D. Connell and P. B. Konrad Blake of counsel), for Bankers Trust Co. Nathan L. Goldstein and Joseph Z. Goldstein for Alexander Shanik. Neumann & Fleisig for William Shanik. Churchill Rodgers for Metropolitan Life Ins. Co. Manuel Maxwell for Abraham A. Rosen. Leo A. Larkin, Corporation Counsel, for City of New York.

WILLIAM C. HECHT, JR., J.

In these condemnation proceedings, the city entered into a stipulation with claimants and with Bankers Trust Company (the latter acting as agent for itself and other banks). The stipulation recited that Bankers had filed notices of claim and proofs of title showing a total amount of $2,689,999.90 as the balance of principal due on the date of vesting of title in the city, under certain...

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