(DOWNLOAD) "United States v. Certain Interests" by United States Court of Appeals ~ eBook PDF Kindle ePub Free

eBook details

Title: United States v. Certain Interests
Author : United States Court of Appeals
Release Date : January 06, 1961
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 63 KB

Description

This is a condemnation proceeding initiated by the United States on November 1, 1957, to acquire the equity in certain rental housing property located at Fort Bragg, North Carolina, and constructed under the original Title VIII of the National Housing Act, commonly known as the "Wherry Act," 63 Stat. 570 (1949), 12 U.S.C.A. Â§ 1748 et seq. On June 12, 1958, the District Court appointed a commission pursuant to Rule 71A(h) of the Federal Rules of Civil Procedure, 28 U.S.C.A., to determine the amount of compensation to which the owners were entitled. After extensive hearings, the commissioners filed a report, finding that the fair market value of the condemned property was $16,986,989, from which was subtracted the sum of $15,196,018.37, that being the stipulated amount, as of November 1, 1957, of an outstanding mortgage to be assumed by the Government. The owners were awarded $1,790,970.63 for their equity. Later, at the request of the District Court, a supplemental report was filed by the commission, but that report simply confirmed the original. The District Court then made extensive findings of fact which differed in certain aspects from the findings of the commissioners, and drew therefrom conclusions of law.