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RELIABLE WATER CO. v. MONROE TP. MUN. UTIL.

146 N.J. Super. 291 (1977)

369 A.2d 949

RELIABLE WATER COMPANY, A NEW JERSEY CORPORATION, PLAINTIFF-APPELLANT, v. THE MONROE TOWNSHIP MUNICIPAL UTILITIES AUTHORITY, DEFENDANT-RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided January 12, 1977.

Attorney(s) appearing for the Case

Mr. Warren J. Kaps argued the cause for appellant.

Mr. William C. Moran, Jr. argued the cause for respondent (Messrs. Huff and Moran, attorneys).

Before Judges HALPERN, BOTTER and KOLOVSKY.

PER CURIAM.

Plaintiff appeals from the denial of interest on that portion of an arbitrators' award which had been disputed by defendant.

Defendant had acquired plaintiff's water company pursuant to a written contract providing for the establishment of fair market value by a panel of three arbitrators. The award was made on May 1, 1973. In its determination the arbitrators awarded $100,000 for the value of plaintiff...

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