Allow Foreclosure On Central Park R.R
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The United States Circuit Court of Appeals affirmed yesterday the decree of foreclosure and sale obtained by the Farmers’ Loan and Trust Company against the Central Park, North East River Railroad Company, the Mortou Trust Company, and others. The bonds involved in this action were $1,200,000 first consolidated mortgage 7 per cent. thirty-year bonds, isued in 1872, and purchased at maturity by the Metropolitan Street Railway Company in 1902. Source : query.nytimes.com |