Appellate Division of the Supreme Court of the State of New York May 15, 1899 (People ex rel. Jerome Park Villa Site & Improvement Co. v. Roberts)

Landon, J.:

The capital stock of the relator, $750,000, was issued for real estate purchased by it between September, 1867, and February, 1873. The relator held this real estate, mainly leasing it for racing purposes, until June, 1895, when it was condemned and appropriated by the city of New York for aqueduct purposes.