DocketNumber: . No. 16371. Cause transferred.
Judges: Per CURIAM:
Filed Date: 6/18/1925
Status: Precedential
Modified Date: 10/19/2024
This is an action in debt brought upon the official bond of Edward E. Mitchell, appellee. As State Treasurer he came into possession of a fund known as the Kaskaskia Commons Permanent School fund. The investment *Page 440 of the fund was controlled by section 13 of the act providing for the sale of Kaskaskia commons. (Laws of 1909, p. 430.) This action arises out of the investment of $20,000 Of the fund in the bonds of the United Flour Mills Company, the claim being that these bonds were not the character of security contemplated by the statute. There was a trial by jury and a verdict and judgment in favor of appellee.
The circuit court granted the appeal to this court on the theory that the State is interested in the litigation. Appellee cites, in support of the action of the circuit court, cases involving the Kaskaskia commons in which it has been said that the State is the only authority which can authorize the alienation of the lands. None of these cases hold that the State has any pecuniary interest in the lands of Kaskaskia commons. In Carlyle v. Bartels,
The cause is transferred to the Appellate Court for the Fourth District.
Cause transferred.