IN RE APP. OF PEOPLE EX REL. WALGENBACH

No. 82-818.

117 Ill. App.3d 14 (1983)

452 N.E.2d 760

In re APPLICATION OF PEOPLE ex rel. AUDREY WALGENBACH, COUNTY COLLECTOR — (School District No. 158, McHenry County, et al., Plaintiffs-Appellees, v. Palatine National Bank, Trust No. 953, et al., Defendants-Appellants).

Appellate Court of Illinois — Second District.

Opinion filed August 3, 1983.


Attorney(s) appearing for the Case

Richard J. Szura, of Abbamonto, Szura & Binder, of Cary, for appellants.

Allyn J. Franke, of Brydges, Riseborough, Morris, Franke & Miller, of Chicago, for appellees.


Judgment reversed.

JUSTICE UNVERZAGT delivered the opinion of the court:

Defendants, tax objectors, appeal from a McHenry County circuit court judgment which interprets section 20-2 of the School Code (Ill. Rev. Stat. 1981, ch. 122, par. 20-2) to allow a school district to incur an indebtedness and issue bonds as evidence thereof to increase the amount of money in the school district's existing working cash fund. Section 20-2 provides, "For the purpose...

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