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CAREY ELECTRIC CONTRACTING, INC. v. FIRST NAT'L BK.

No. 78-392.

74 Ill. App.3d 233 (1979)

392 N.E.2d 759

CAREY ELECTRIC CONTRACTING, INC., et al., Plaintiffs-Appellants, v. THE FIRST NATIONAL BANK OF ELGIN, Defendant-Appellee.

Appellate Court of Illinois — Second District.

Opinion filed July 18, 1979.

Attorney(s) appearing for the Case

Birch E. Morgan and Joseph W. Phebus, both of Phillips, Phebus, Tummelson and Bryan, of Urbana, for appellants.

Leo M. Flanagan, Jr., of Brittain, Ketcham, Strass, Terlizzi and Flanagan, of Elgin, for appellee.

Decree affirmed.

Mr. PRESIDING JUSTICE GUILD delivered the opinion of the court:

On April 12, 1976, plaintiffs Carey Electric Contracting, Inc. (Carey), Piping Systems, Inc. (Piping), C & K Precision Concrete Co. (C & K) and Hastings Pavement Co., Inc. (Hastings) filed a 12-count suit against the First National Bank of Elgin (the Bank), asking that they be declared the beneficial owners of certain funds held by the Bank. On June 21, 1978, after viewing...

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