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VETERANS LOAN AUTHORITY v. WILK

61 N.J. Super. 65 (1960)

160 A.2d 138

VETERANS LOAN AUTHORITY, A BODY CORPORATE AND POLITIC OF THE STATE OF NEW JERSEY, PLAINTIFF-RESPONDENT, v. FRANCIS W. WILK, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided April 18, 1960.

Attorney(s) appearing for the Case

Mr. James S. Ely argued the cause for defendant-appellant (Messrs. Ely & Ely, attorneys).

Mr. David A. Gelber argued the cause for plaintiff-respondent.

Before Judges GOLDMANN, CONFORD and HANEMAN.

The opinion of the court was delivered by CONFORD, J.A.D.

This is an action by the Veterans Loan Authority, an agency in the State Department of Conservation and Economic Development established under the Veterans Loan Act of 1944 (N.J.S.A. 38:23B-1 et seq.). It is brought on a promissory note dated February 19, 1946, in the original sum of $2,500, given by the defendant, a veteran, to the Rutherford National Bank, and secured by a chattel mortgage...

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