People Ex Rel. Vermilion County Conservation District v. Lenover

On December 10, 1968, the Vermilion County Conservation District (hereafter, the “District”) adopted an ordinance providing for the issuance by it of general obligation bonds in the principal amount of $1,500,000. The issue’s purpose was to finance the acquisition for public benefit of certain real property, under a program designed to conserve the natural resources of the Vermilion River basin. The ordinance also levied taxes to satisfy principal and interest obligations on the bonds. The District subsequently brought this mandamus and declaratory judgment action in the circuit court to…