Loewenthal Securities Co. v. City of Chicago

Defendant appeals from an order awarding a writ of mandamus issued against it, its officers and officials, and the city council, requiring them to pay the moneys in the fund known as the “unclaimed rebate fund,” created by chapter 24, pars. 86-4 to 86-9, inclusive, Illinois Revised Statutes, 1947 [Jones Ill. Stats. Ann. 21.2334 to 21.2339], into the City of Chicago special assessment fund covering certain warrant numbers (listing them), out of which defendant was then to pay plaintiffs upon their bonds, vouchers or coupons, and interest. The statute in question, par. 86-4, provides as follows: