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Appellate Terms of the Supreme Court of New York, 1934

Davidge v. Lake Placid Co.

Davidge v. Lake Placid Co.
Appellate Terms of the Supreme Court of New York · Decided July 12, 1934
152 Misc. 307; 273 N.Y.S. 522; 1934 N.Y. Misc. LEXIS 1502

Counsel

Ehrich, Royall, Wheeler & Walter [Ralph Royall of counsel], for the appellant., Lewis & Kelsey [Arthur J. Marangelo of counsel], for the respondent.

Davidge v. Lake Placid Co.

Opinion of the Court

Per Curiam.

The language in the plaintiff’s bond did not “ fairly place the bondholder on notice of any restriction upon defendant’s obligation to pay at maturity.” (Cunningham v. Pressed Steel Car Co., 263 N. Y. 671.) In any event the restrictions contained in the trust indenture are not a bar to an action on the coupons.

Order reversed, with ten dollars costs, and motion granted.

All concur; present, Callahan, Frankenthaler and Shientag, JJ.

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