Lussem v. Sanitary District

61 N.E. 544, 192 Ill. 404
CourtIllinois Supreme Court
DecidedOctober 24, 1901
StatusPublished
Cited by8 cases

This text of 61 N.E. 544 (Lussem v. Sanitary District) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lussem v. Sanitary District, 61 N.E. 544, 192 Ill. 404 (Ill. 1901).

Opinion

Mr. Justice Hand

delivered the opinion of the court:

The original bill of complaint in this case was filed in the circuit court of Cook county by the appellant, against the appellee, for an injunction restraining the appellee from issuing its bonds to the amount of $2,500,000, bearing date October 1,1900, as provided for by the following ordinance, adopted by the board of trustees of appellee on the 12th day of September, 1900:

“Be it ordained by the board of trustees of the Sanitary District of Chicago:
“Section 1. That there be borrowed the sum of two million five hundred thousand (2,500,000) dollars for the corporate purposes of the Sanitary District of Chicago, and that interest-bearing coupon bonds be issued therefor to the amount of two million five hundred thousand (2,500,000) dollars by said Sanitary District of Chicago, said bonds to be of the denominations of one thousand (1000) dollars each, all to bear date the first day of October, 1900; one hundred and twenty-five thousand (125,000) dollars of the principal of said bonds to be payable on the first day of October, 1901, and each of the years thereafter following, until and including the year 1920; said bonds to be numbered consecutively from sixteen thousand and ninety-one (16,091) to eighteen thousand five hundred and ninety (18,590) inclusive, and to bear interest at the rate of four (4) per centum per annum from the date thereof; interest to be payable on the first day of April and of October of each year, and to be evidenced by coupons attached to each bond, to be numbered consecutively, each coupon to bear the number of the bond to which it is attached and to be for the sum of twenty (20) dollars, and the first or number one (1) coupon of each bond to be payable on the first day of April, 1901, and the next or number two (2) coupon on each bond to be payable on the first day of October, 1901, and so on, each succeeding coupon being payable six (6) months after the preceding one, both principal and interest to be payable at the office of the treasurer of the Sanitary District of Chicago, interest to be payable only upon the presentation and- surrender of the proper interest coupons. Such bonds shall be signed on behalf of the Sanitary District of Chicago by the president of the board of trustees and countersigned by the clerk of the Sanitary District of Chicago, and attested by the seal of said sanitary district.
“Sec. 2. That said bonds, when they ar§ executed, shall be deposited with the clerk of the district for safe keeping, and shall be sold for such price and for such rates as the board of trustees of this district shall from time to time determine and direct, and the proceeds arising from the sale of said bonds shall be received by-the treasurer of said district as such, and shall be used for the corporate purposes thereof, as may be directed from time to time by the board of trustees.
“Sec. 3. That in each of the hereinafter mentioned years there shall be, and hereby is, levied and assessed on the taxable property within said district, the sums, respectively, as 'follows: For the year 1900, two hundred and twenty-five thousand (225,000) dollars; for the year 1901, two hundred and twenty thousand (220,000) dollars; for the year 1902, two hundred and fifteen thousand (215,000) dollars; for .the year 1903, two hundred and ten thousand (210,000) dollars; for the year 1904, two hundred and five thousand (205,000) dollars; for the year 1905, two hundred thousand (200,000) dollars; for the year 1906, one hundred and ninety-five thousand (195,000) dollars; for the year 1907, one hundred and ninety thousand (190,000) dollar's; for the year 1908, one hundred and eighty-five thousand (185,000) dollars; for the year 1909, one hundred and eighty thousand (180,000) dollars; for the year 1910, one hundred and seventy-five thousand (175,000) dollars; for the year 1911, one hundred and seventy thousand (170,000) dollars; for the year 1912, one hundred and sixty-five thousand (165,000) dollars; for the year 1913, one hundred and sixty thousand (160,000) dollars; for the year 1914, one hundred and fifty-five thousand (155,000) dollars; for the year 1915, one hundred and fifty thousand (150,000) dollars; for the year 1916, one hundred and forty-five thousand (145,000) dollars; for the year 1917, one hundred and forty thousand (140,000) dollars; for the year 1918, one hundred and thirty-five thousand (135,000) dollars; for the year 1919, one hundred and thirty thousand (130,000) dollars,—for the purpose of paying the principal and interest of the bonds issued under this ordinance, said sums so levied being sufficient to pay the interest on said bonds as it falls due, and also to pay and discharge the principal thereof as the same shall fall due; and the clerk of this district is hereby directed in the year 1900, and in each of the years thereafter, until and including the year 1919, to include the amount required by this ordinance to be raised by taxes in each of said years, respectively, in the amount which shall be certified to by the county clerk in each of said years as the amount required to be raised by taxation in said district.
“Sec. 4. Bonds, to be issued in pursuance of this ordinance, may he registered with the treasurer of said district, and after such registry no transfer shall be valid except upon the books of said treasurer, but the registry thereafter upon the books of the treasurer of a transfer to bearer shall restore transferability by delivery; said bonds shall continue subject to successive registrations and transfers to bearer, as aforesaid, at the option of the holder.
“Sec. 5. That the credit and resources of the Sanitary District of Chicago be and the same are hereby irrevocably pledged to the payment of the bonds which shall be issued in pursuance of this ordinance, and the interest thereon as it shall fall due.
“Sec. 6. This ordinance shall take effect and be in force from and after its passage.”

Appellee interposed a demurrer to said bill, which was confessed by appellant, who on the 18th day of October filed an amended bill of complaint.

On the 22d day of October, as an amendment to the ordinance"of September 12, the board of trustees of appellee adopted the following ordinance:

“Be it ordained by the board of trustees of the Sanitary District of Chicago:
“Section 1. That one hundred and twenty-five (125) of the bonds authorized to be issued by theurdinance passed September 12,1900, numbered from sixteen thousand and ninety-one (16,091) to sixteen thousand two hundred and fifteen (16,215), and falling due October 1, 1901; be and the same are hereby ordered canceled and destroyed without being issued, and that the tax of two hundred and twenty-five thousand (225,000) dollars levied and assessed upon the taxable property of the Sanitary District of Chicago for the year 1900 by section 3 of said ordinance be and the same is hereby canceled and annulled; and that the amount of the tax levied and assessed upon the taxable property of the Sanitary District of Chicago for each of the years trom 1901 to 1919, inclusive, by section 3 of said ordinance, be and the same is hereby increased in the sum of five thousand dollars ($5000.)
“Sec. 2.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Metropolitan Sanitary District v. Village of Romeoville
427 N.E.2d 170 (Illinois Supreme Court, 1981)
Solomon v. North Shore Sanitary District
269 N.E.2d 457 (Illinois Supreme Court, 1971)
Lenhart v. Miller
31 N.E.2d 781 (Illinois Supreme Court, 1940)
Fiedler v. Sanitary District of Bloom Township
194 N.E. 321 (Illinois Supreme Court, 1935)
Rylands v. Clark
115 N.E. 829 (Illinois Supreme Court, 1917)
Sanitary District v. Chicago & Alton Railroad
267 Ill. 252 (Illinois Supreme Court, 1915)
Walrath v. Board of County Commissioners
18 N.M. 101 (New Mexico Supreme Court, 1913)
Pittsburgh, Ft. Wayne & Chicago Ry. Co. v. Sanitary District
218 Ill. 286 (Illinois Supreme Court, 1905)

Cite This Page — Counsel Stack

Bluebook (online)
61 N.E. 544, 192 Ill. 404, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lussem-v-sanitary-district-ill-1901.