Goetz & Mendelsohn v. National Westminster Bank U.S.A.

The plaintiff law firm seeks to collect legal fees and disbursements for its representation of the City of East St. Louis, Illinois, and its Mayor, Carl E. Officer, in two separate actions brought by persons involved in certain redevelopment projects which were financed by the sale of municipal bonds. The defendant banks are trustees under certain trust indenture agreements securing payment of said bonds. The trust indenture agreements for the projects in question the "Port Project” and the "Resource Redevelopment Project” both contain clauses (section 11.02) which provide, in pertinent part…