Nebel, Inc. v. Mid-City National Bank

FOURTH DIVISION

MARCH 21, 2002

1-01-1309

NEBEL, INC., an Illinois corporation, ) Appeal from the) Circuit Court of

Plaintiff-Appellant, ) Cook County.)

v. ))

THE MID-CITY NATIONAL BANK OF CHICAGO, )

a National Banking Association, ) Honorable) Lester D. Foreman,

Defendant-Appellee. ) Judge Presiding.

Plaintiff, Nebel, Inc., and defendant, The Mid-City National Bank of Chicago, are the lessor and lessee under a 99-year real-estate lease (Lease), containing a rent payable in gold clause, originally executed in 1906. Plaintiff demanded rental payments to be made with gold coins, pursuant to the Lease,…