Brophy v. City of Joliet

PRESIDING JUSTICE DOVE

delivered the opinion of the court.

Plaintiffs, doing business as P. J. Bropliy and Company, filed their verified complaint against the defendant, city of Joliet, for breach of contract in connection with the sale of $3,400,000 of Waterworks and Sewerage Revenue Bonds. The defendant filed a motion to dismiss, which, upon hearing, the court sustained, and from an appropriate final judgment against them, the plaintiffs appeal.

The complaint alleged that the plaintiffs are and have been for many years engaged in the business of purchasing and selling municipal bonds and…