Appellate Division of the Supreme Court of New York, 1967

Board of Education of the Union Free School District No. 11 v. Nyquist

Board of Education of the Union Free School District No. 11 v. Nyquist
Appellate Division of the Supreme Court of New York · Decided January 9, 1967
27 A.D.2d 688; 1967 N.Y. App. Div. LEXIS 5075
Board of Education of the Union Free School District No. 11 v. Nyquist

Opinion of the Court

Respondents.— Motions for an adjournment and a stay of enforcement of the determination under review pending appeal denied, without costs. Respondent receiver of taxes is directed to retain custody of funds in dispute subject to further order of this court, without prejudice to a temporary investment of such funds in a special time deposit or certificates of deposit authorized by section 11 of the General Municipal Law, upon duly adopted resolution of both appellant and respondent boards of education authorizing such investment. Gibson, P. J., Herlihy, Reynolds, Aulisi and Staley, Jr., JJ., concur.

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