New Jersey Court of Chancery July 16, 1934 (Walgreen Co. v. Moore)

Grove Street Plaza Company mortgaged certain premises owned by it to the Fidelity Union Title and Mortgage *Page 349 Guaranty Company and thereafter leased a portion of the premises to Walgreen Company, a corporation of Illinois, for a term of ten years for a stipulated rent. The Illinois corporation assigned the lease to the complainant.