Illinois Appellate Court
Civil Court
Tax
Plaintiff companies filed tax objection complaints against county treasurer for two tax years, alleging that Community College District was obligated to issue general obligation bonds at lowest possible interest rates. Court properly granted summary judgment for District, as bonds were issued at interest rates of 7% and 9%, thus within the statutory limit, and not violating 9% ceiling set in Bond Authorization Act, which is specifically incorporated in Public Community College Act. (SCHOSTOK and HUDSON, concurring.)