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S.E. PA. TRANS. AUTH. v. PHILA. TRANS. CO.

419 Pa. 471 (1965)

Southeastern Pennsylvania Transportation Authority v. Philadelphia Transportation Company, Appellant.

Supreme Court of Pennsylvania.

November 29, 1965.

Attorney(s) appearing for the Case

Ernest R. von Starck and Arthur Littleton, with them Robert H. Young, and Morgan, Lewis & Bockius, for appellants.

William T. Coleman, Jr. and Lewis H. Van Dusen, Jr., with them Richardson Dilworth, David P. Bruton, and Dilworth, Paxson, Kalish, Kohn & Dilks, and Drinker, Biddle & Reath, for appellees.

Matthew W. Bullock, Jr., Second Deputy City Solicitor, and Edward G. Bauer, Jr., City Solicitor, with them Gerald Gornish, Assistant City Solicitor, for City of Philadelphia, appellee.

Before BELL, C.J., MUSMANNO, JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.

OPINION PER CURIAM, November 29, 1965:

This is a declaratory judgment proceeding seeking a determination: (1) of the validity and enforceability of a provision in a contract consummated in 1907, as amended, giving the City of Philadelphia the right to purchase "all the property and franchises" of the Philadelphia Transportation Company; and, (2) the formula to be applied in determining the purchase price, as provided for in...

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