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  5. 62 N.Y.2d 846 (1984)
 

CITY OF NEW YORK v. LONG ISLAND AIRPORTS LIMOUSINE SERV. CORP.

62 N.Y.2d 846 (1984)

City of New York, Appellant, v. Long Island Airports Limousine Service Corp. et al., Respondents. In the Matter of City of New York, Appellant, v. William C. Hennessy, as Commissioner of Transportation of the State of New York, et al., Respondents.

Court of Appeals of the State of New York.

Decided June 5, 1984.

Attorney(s) appearing for the Case

Frederick A. O. Schwarz, Jr., Corporation Counsel (Pamela S. Dolgow and Ronald E. Sternberg of counsel), for appellant.

Michael S. Oberman and William M. Stewart for Long Island Airports Limousine Service Corp., respondent.

Frederick Goldfeder and Darrell W. Harp for William C. Hennessy, respondent.

Chief Judge COOKE and Judges JASEN, JONES, WACHTLER, MEYER, SIMONS and KAYE concur.

MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

Respondent, Long Island Airports Limousine Service (LIALS), and appellant, the City of New York (City), in 1968 entered into a contract whereunder the City granted LIALS a 10-year franchise to operate a transportation service between the New York airports and points east. Section 4.7 of the contract provided that: "In the event the Company...

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