La Parr v. City of Rockford

LINDLEY, District Judge.

Defendant, a municipal corporation of Illinois, appeals from a decree directing it to repay to the receiver of the Manufacturers National Bank and Trust Company, $401,820.49 as principal and $177,261.85 as interest, the principal representing a deposit of $1,030,309.58 to the credit of the ci!y at the time the bank closed under order of the comptroller, less a dividend of 61 per cent, equal to that which had, at the time of the *566entry of the decree, been paid to other depositors. The court dismissed the suit as to the Board of Education, the Board of Trustees of the…