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UNION CITY HOUSING AUTHORITY v. COMMONWEALTH TRUST CO.

25 N.J. 330 (1957)

136 A.2d 401

THE HOUSING AUTHORITY OF THE CITY OF UNION CITY, NEW JERSEY, A CORPORATION OF NEW JERSEY, PLAINTIFF-APPELLANT, v. COMMONWEALTH TRUST COMPANY, A BANKING CORPORATION OF NEW JERSEY, DEFENDANT-RESPONDENT. THE HOUSING AUTHORITY OF THE CITY OF UNION CITY, NEW JERSEY, A CORPORATION OF NEW JERSEY, PLAINTIFF-APPELLANT, v. TRUST COMPANY OF NEW JERSEY, A BANKING CORPORATION OF NEW JERSEY, DEFENDANT-RESPONDENT.

The Supreme Court of New Jersey.

Decided November 25, 1957.

Attorney(s) appearing for the Case

Mr. Louis Auerbacher, Jr., argued the cause for appellant (Mr. Victor S. Kilkenny, attorney).

Mr. Edmund B. Hourigan argued the cause for respondent Commonwealth Trust Company (Messrs. Burke, Sheridan & Hourigan, attorneys).

Mr. Benjamin Gross argued the cause for respondent The Trust Company of New Jersey (Mr. George R. Milstein, on the brief; Messrs. Lynch, Lora & Milstein, attorneys).

The opinion of the court was delivered by WACHENFELD, J.

The Housing Authority of the City of Union City is a public corporation organized by Union City under the authority of the Local Housing Authorities Law, N.J.S.A. 55:14A-1 et seq., to supply safe and sanitary housing for persons of low income. In 1950 and 1951 the authority maintained checking accounts in its corporate name with two banks, the Commonwealth Trust Company and The Trust Company...

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