KOCH v. STEVENSON, 327 Ill. App. 209 (1945)

63 N.E.2d 677

Gen. No. 43,321. (Abstract of Decision.)Appellate Court of Illinois, Chicago, First District.
Opinion filed November 6, 1945 Rehearing denied November 20, 1945 Released for publication November 20, 1945

TAXES, § 51.1[*] — nature of obligation on tax anticipationwarrant. When tax anticipation warrant is issued and sold, transaction is closed on part of municipality or taxing body, leaving no future obligation upon it, either absolute or contingent, whereby its debt may be increased, and holder of warrant must rely upon specific fund set apart for its payment.

Appeal from the Circuit Court of Cook county; the Hon. WM. V. BROTHERS, Judge, presiding.

Decretal order affirmed. Heard in the second division, first district, this court at the February term, 1945.

H.J. Thal, for appellant;

Langworthy Bartlit, for appellees;

B.F. Langworthy, of counsel;

Moses, Kennedy, Stein Bachrach, for certain appellees;

Herbert H. Kennedy, of counsel.

Opinion by JUSTICE SCANLAN.

Not to be published in full. Opinion filed November 6, 1945; rehearing denied November 20, 1945; released for publication November 20, 1945.

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