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CITY OF JACKSONVILLE v. BANKERS LIFE CO.

No. 6036.

90 F.2d 141 (1937)

CITY OF JACKSONVILLE v. BANKERS LIFE CO. et al.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied June 19, 1937.

Attorney(s) appearing for the Case

E. W. Cleary and Orville N. Foreman, both of Jacksonville, Ill., and Dayton Ogden, of Chicago, Ill., for appellant.

Samuel K. Markman, Thomas C. Donovan, John P. Sullivan, and Henry O. Nickel, all of Chicago, Ill., and R. L. Northcutt, of Beardstown, Ill., for appellees.

Before EVANS and SPARKS, Circuit Judges, and LINDLEY, District Judge.

LINDLEY, District Judge.

Appellees, holders of special assessment bonds issued by appellant as a municipal corporation, brought suit in equity, charging that the city had collected some $95,000, paid in advance upon deferred installments in the special assessment proceedings, had failed to call bonds for redemption out of the same and had illegally diverted and lost said moneys. Appellees prayed that they be awarded an accounting with respect to the collection and...

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