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PETERSEN v. BEEKMERE, INCORPORATED

117 N.J. Super. 155 (1971)

283 A.2d 911

RALPH C. PETERSEN, DOROTHY C. PETERSEN, LOUISE E. GIBBONS, EDGAR H. GIBBONS, RUSSELL J. PEDERSON, BONNIE M. PEDERSON, HARRY H. CHAPMAN, JR., NANCY A. CHAPMAN, JOSEPH T. GOLDEN, DIANE B. GOLDEN, WILLIAM B. SINCLAIR, MARIE A. SINCLAIR, JOSEPH G. CHAFFEE, BARBARA H. CHAFFEE, VINCENT G. BRZEZINSKI, GEORGINE BRZEZINSKI, SILVIO GALTERIO, MARIE GALTERIO, YOLANDA GIANNELLA, J. EDWIN CAREY AND MARION G. CAREY, PLAINTIFFS, v. BEEKMERE, INCORPORATED, A NONPROFIT CORPORATION OF THE STATE OF NEW JERSEY, GLENDALE INVESTMENTS CORP., A CORPORATION OF THE STATE OF NEW JERSEY, CHESTER J. DECKER AND ELIZABETH J. DECKER, DEFENDANTS. BEEKMERE, INC., ETC., ET ALS., PLAINTIFFS, v. RALPH C. PETERSEN ET ALS., DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided November 19, 1971.

Attorney(s) appearing for the Case

Mr. Samuel M. Lyon, Jr., attorney for plaintiffs.

Messrs. Hirschklau and Wasserman, attorneys for Beekmere, Inc. (Mr. Morton Hirschklau appearing).

Mr. Peter Calcia, attorney for defendants Glendale Investments Corp. and Chester J. Decker and Elizabeth J. Decker.

LORA, J.S.C.

This is a class action to construe a covenant compelling purchasers of property in a subdivision, known as Allison Acres, to purchase a share of stock in a community association, Beekmere, Inc. Said action has been consolidated with a county district court suit instituted by Beekmere against each of the plaintiffs herein for $100 for a required stock subscription, and for $75 representing the 1969 annual assessment as against each of them.

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