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N. LAWNDALE ECON. DEV. v. BD. OF GOV'RS OF FED. R.

No. 76-1607.

553 F.2d 23 (1977)

NORTH LAWNDALE ECONOMIC DEVELOPMENT CORPORATION, Petitioner, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Seventh Circuit.

Decided March 31, 1977.

Rehearing Denied May 3, 1977.

Attorney(s) appearing for the Case

Julian B. Wilkins, Maurice R. Glover, Earl L. Neal, Chicago, Ill., for petitioner.

Michael Kimmel, Atty., Civ. Div., Appellate Section, Dept. of Justice, Washington, D. C., for respondent.

Before FAIRCHILD, Chief Judge, CUMMINGS, Circuit Judge, and EAST, Senior District Judge.

PER CURIAM.

Petitioner is a Delaware corporation authorized to do business in Illinois. It is engaged in the business of making investments to promote the community welfare and development of the Midwest Impact Area, an area characterized by high unemployment and substantial poverty on the west side of Chicago. These investments include an industrial park, a shopping mall, a thousand bed mixed-use health care facility, property management, a broadband telecommunications...

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