Appellate Court of Illinois July 16, 2002, 3-01-0950 (Illinois-American Water Co. v. City of Peoria)

JUSTICE BRESLIN

delivered the opinion of the court:

In this declaratory judgment action, plaintiff Illinois-American Water Company (company) appeals the trial court’s decision upholding the validity of a 113-year-old purchase option in an agreement between its predecessor and the City of Peoria for the sale of a waterworks.