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NEW JERSEY MORTGAGE FINANCE AGENCY v. McCRANE

56 N.J. 414 (1970)

267 A.2d 24

NEW JERSEY MORTGAGE FINANCE AGENCY AND JAMES C. BRADY, JR., COMMISSIONER OF BANKING, PLAINTIFFS-RESPONDENTS, v. JOSEPH M. McCRANE, JR., TREASURER OF THE STATE OF NEW JERSEY, DEFENDANT-APPELLANT.

The Supreme Court of New Jersey.

Decided July 6, 1970.

Attorney(s) appearing for the Case

Mr. William Miller argued the cause for defendant-appellant (Mr. Allen D. Porter of counsel and on the brief).

Mr. Stephen G. Weiss, Assistant Attorney General, argued the cause for plaintiffs-respondents (Mr. George F. Kugler, Jr., Attorney General of New Jersey, attorney; Mr. Stephen G. Weiss, Assistant Attorney General, and Mr. Arthur Abba Goldberg, Deputy Attorney General, on the brief).

The opinion of the court was delivered by PROCTOR, J.

Plaintiffs, New Jersey Mortgage Finance Agency and James C. Brady, Jr., The Commissioner of Banking (hereinafter Agency) brought this action to obtain a declaratory judgment (N.J.S.A. 2A:16-50 et seq.) that the New Jersey Mortgage Finance Agency Law (hereinafter Law), L. 1970, c. 38, N.J.S.A. 17:1B-4 et seq., is valid and constitutional...

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