Bankers Life Co. v. City of Chicago Heights

November 2, 1939, plaintiffs, the owners of certain special assessment bonds issued by defendant City, had a decree entered in their favor which found that defendant, August 11, 1933, wrongfully diverted certain of the funds collected by it from the property owners in payment of the special assessments against which plaintiffs’ bonds were issued. The several amounts of the diversions were specifically set forth and it was adjudged and decreed that the defendant City “restore forthwith to Chicago Heights Special Assessment Warrant No. 359, the principal diverted in the unmatured installments…