(DOWNLOAD) "Francis X. Murphy Et Al. v. Erie County Et Al." by Court of Appeals of New York # Book PDF Kindle ePub Free
eBook details
- Title: Francis X. Murphy Et Al. v. Erie County Et Al.
- Author : Court of Appeals of New York
- Release Date : January 03, 1971
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
[28 N.Y.2d 80 Page 84] In May, 1968, the State Legislature enacted a law empowering the Legislature of Erie County to enter into contracts and
incur indebtedness in connection with the building of a stadium (L. 1968, ch. 252). Shortly thereafter, the County Legislature
adopted a resolution authorizing issuance of bonds in the amount of $50,000,000 to finance the construction of a domed stadium.
The county then began discussions with the defendant Kenford Company, one of whose principal stockholders is the operator
of the only similarly constructed stadium in the country, the Houston Astrodome. In June of 1969, Kenford presented a proposal
to the county whereby Kenford would donate to the county the land on which the stadium would be built and, in return, Kenford
-- through a subsidiary, Dome Stadium, Inc. -- would operate the structure under a 40-year lease from the county.1 Alternatively,
it was proposed that, if the parties could not agree on a lease, Kenford would operate the stadium as manager under a 20-year
contract.
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