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NEW YORK UNIV. v. DORMITORY AUTH. OF THE STATE OF NEW YORK

43 A.D.2d 550 (1973)

New York University, Respondent, v. Dormitory Authority of the State of New York et al., Appellants, and William L. Korenthac et al., Defendants

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

November 27, 1973

New York University (NYU), in furtherance of a plan to erect two new structures on its Bronx campus, conveyed the land on the proposed site to the New York State Dormitory Authority (the Authority) and the Authority, in turn, was empowered to float bonds to finance construction of the two buildings. The financing was memorialized in an agreement among NYU, the Authority, and First National City Bank (the Bank), as trustee. The agreement included a revenue bond resolution...

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