Illinois Appellate Court Renders Decision on Premium Bonds

August 13, 2012
Client Alert

On June 22, 2012, the Second District Illinois Appellate Court entered a ruling affirming the judgment of the DuPage County Circuit Court awarding summary judgment in favor of Elgin Community College District No. 509, thereby striking down plaintiffs!/tax objectors! allegations that the District had issued certain of its bonds at excessive interest rates and with an unlawful premium. 

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