Wallace v. City of Rock Island

KNOCH, Circuit Judge.

Plaintiff, Franklin S. Wallace, brought this action in the United States District Court to compel the defendant City of Rock Island to return $52,314.80 to a sinking fund established for the retirement of bonds issued to finance construction work on the Rock Island Centennial *638Bridge, a toll bridge spanning the Mississippi River from Rock Island, Illinois, to Davenport, Iowa. The City of Rock Island issued $4,650,000 worth of Centennial Bridge Revenue Bonds in denominations of $1000 each. The facts are fully set out in the District Court Opinion published at D.C., 198…