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PATTON v. NORTH JERSEY DIST. WATER SUPP. COMM'N.

93 N.J. 180 (1983)

459 A.2d 1177

THOMAS F. PATTON AND RALPH S. TYLER, JR., TRUSTEES FOR ERIE LACKAWANNA RAILWAY COMPANY, PLAINTIFFS-APPELLANTS, v. NORTH JERSEY DISTRICT WATER SUPPLY COMMISSION, A BODY POLITIC OF THE STATE OF NEW JERSEY, DEFENDANT-RESPONDENT, AND TOWNSHIP OF WAYNE, A MUNICIPAL CORPORATION, DEFENDANT.

The Supreme Court of New Jersey.

Decided May 19, 1983.

Attorney(s) appearing for the Case

Raymond J. Lamb argued the cause for appellants (Lamb, Chappell, Hartung, Gallipoli & Coughlin, attorneys).

George J. Minish argued the cause for respondent (Minish & Williams, attorneys; George J. Minish and Mary M. Theroux, on the brief).

The opinion of the Court was delivered by SCHREIBER, J.

Plaintiffs, as Trustees of the property of the Erie Lackawanna Railroad Company, a debtor in reorganization under the federal bankruptcy act, contracted to sell a tract of unimproved vacant land in Wayne Township to Trip Distributors, Inc. See Law of July 1, 1898 ch. 541 § 77 as amended, codified at 11 U.S.C.A. § 205 (West 1946), repealed by Pub.L. 95-598, Title I, § 401(a), Nov....

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