Appellate Division of the Supreme Court of the State of New York November 16, 1951 (City of Buffalo v. Strong & Co.)

lead-opinion

Kjmball, J.

This action was for a declaratory judgment. The question presented was whether the City of Buffalo had the right to recall for payment a $500,000 issue of water bonds, bearing interest at the rate of 4% per annum, at any time, in the sole discretion of the city council, on and after October 10, 1928.