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2416 CORP. v. FIRST NAT'L BK. OF CHICAGO

No. 79-259.

91 Ill. App.3d 961 (1980)

415 N.E.2d 420

THE 2416 CORPORATION et al., Plaintiffs-Appellees, v. THE FIRST NATIONAL BANK OF CHICAGO, Trustee, Defendant and Counterdefendant-Appellee. — (CHICAGO TRANSIT AUTHORITY, Defendant and Counterplaintiff-Appellant.)

Appellate Court of Illinois — First District (5th Division).

Opinion filed December 12, 1980.

Attorney(s) appearing for the Case

Edward J. Egan and Foran, Wiss & Schultz, both of Chicago (Robert E. Wiss and Jeff D. Harrison, of counsel), for appellant.

DeWolfe, Mills & Markley, of Chicago (John C. DeWolfe, Jr., and George F. DeWolfe, of counsel), for appellees.

Affirmed in part, and reversed in part and remanded.

Mr. JUSTICE WILSON delivered the opinion of the court:

This is an appeal from an order construing certain provisions of a trust agreement. Plaintiffs 2416 Corporation and Lois Beck, as revenue bondholders of the Chicago Transit Authority (CTA), brought a petition for supplemental relief asserting that CTA has failed to deposit certain moneys into the modernization fund called for under their interpretation...

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