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MATTER OF METRO. LIFE INS. CO. v. LINDSAY

38 A.D.2d 527 (1971)

In the Matter of Metropolitan Life Insurance Company, Respondent, v. John V. Lindsay et al., Constituting The Board of Estimate of the City of New York, Appellants

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

December 9, 1971

The predicate of this article 78 proceeding, as well as two prior proceedings, is a contract between the City of New York and Stuyvesant Town Corporation and Metropolitan Life Insurance Company, dated June 1, 1943. The contract was made pursuant to the Redevelopment Companies Law (L. 1942, ch. 845, as amd. by L. 1943, ch. 234). In substance section 8 of the Redevelopment Companies Law provides that there shall be paid annually out of the earnings of a redevelopment company...

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