217 A.D. 414 | N.Y. App. Div. | 1926
The commutation was made for the purpose of enabling the claimant, a widow aged thirty-six years, with two children aged ten and six years, to purchase a three-family house in the city of Brooklyn.
The property under consideration is to be purchased for $14,750, on account of which $8,000 or practically all of the commuted award is to be applied, leaving thereon a first mortgage of $6,000 at five and one-half per cent interest and a second mortgage of $750 at six per cent interest. The annual interest payments, therefore, are to be $375. The taxes are $270, the insurance $20 and the cost of lighting halls $12. The foregoing total annual charges amount to
The award should be reversed and matter remitted, with costs against the State Industrial Board to abide the event.
All concur.
Award reversed and cla'm remitted, with costs against the State Industrial Board to abide the event.-