Bankers Life Co. v. Village of Elmwood Park

Mr. Presiding Justice O’Connor

delivered the opinion of the court.

Plaintiffs, as owners of special assessment bonds issued by defendant, the Village of Elmwood Park, and payable out of the sixth instalment of a special assessment levied by the Village, filed their petition for a writ of mandamus to compel defendants to pay from the moneys collected from the persons whose property was assessed interest on such special assessment bonds from the date of their maturity until paid. A writ was issued as prayed for, and defendants appeal.

The record discloses that the Village of Elmwood Park levied a…