People Ex Rel. Kaskaskia Commons Permanent School Fund v. Mitchell

Per Curiam :

This is an action in debt brought upon the official bond of Edward E. Mitchell, appellee. As State Treasurer he came into possession of a fund known as the Kaskaskia Commons Permanent School fund. The investment of the fund was controlled by section 13 of the act providing for the sale of Kaskaskia commons. (Laws of i9°9j P- 430.) This action arises out of the investment of $20,000 of the fund in the bonds of the United Flour Mills Company, the claim being that these bonds were not the character óf security contemplated by the statute. There was a trial by jury and a verdict and…