Court of Appeals for the Second Circuit December 5, 1949, 21411_1 (West 52nd Theatre Co., Inc. v. Tyler)

CLARK, Circuit Judge.

The debtor in this proceeding in reorganization owns the Guild Theatre in New York City, originally occupied by the Theatre Guild, but now leased to a broadcasting system for use of the theatre proper

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and to another tenant for use of the offices. It was erected in 1924 at a total cost for land and building of $1,172,441.04.