Appellate Division of the Supreme Court of the State of New York November 13, 1907 (Rochester Trust & Safe Deposit Co. v. Oneonta)

Smith, P. J.:

My conclusions in this- case,, briefly stated, áre as follows:

First. The defendant, the Oneonta and Mohawk Valley Railroad Company, is the only party interested in this appeal. These certificates were not paid by the receiver; they were not directed to be paid from the proceeds of the sale. The full amount of such proceeds went to the bondholders.