First Trust & Savings Bank v. Powers

October 31, 1941, the plaintiffs, First Trust and Savings Bank of Kankakee, as administrator de bonis, non with the will of Frank Belleau annexed, and Claude M. Granger, administrator to collect of the estate of Mary Belleau, filed their complaint in chancery in the circuit court of Kankakee county against the defendant, Arthur N. Powers. By their complaint, they seek an accounting and recovery from defendant of $25,000, plus interest at the rate of six per cent from July 1, 1929, on the theory that defendant is a trustee as to this sum by virtue of a written agreement .of this date entered…