A Bill for An act concerning the school fund.
Section 1. Be it Enacted by the People of the State of Illinois represented in the General Assembly.
That the Commissioners of the school fund be, and they are hereby required to receive the whole amount of the School fund belonging to this state and now deposited in the Branch Bank of the United States at Saint Louis and deposit the same in the treasury of the State and the Treasurer is hereby required to receive said money and receipt for the same; and the said money when so received shall be applied to the payment of demands against the Treasury in the same manner as money derived from the ordinary sources of Revinue, and the state shall be chargeable with Interest on the same at the rate of six per cent per annum, the Interest to be added to the principal annually
This act to take effect from its passage.
That the Commissioners of the school fund be, and they are hereby required to receive the whole amount of the School fund belonging to this state and now deposited in the Branch Bank of the United States at Saint Louis and deposit the same in the treasury of the State and the Treasurer is hereby required to receive said money and receipt for the same; and the said money when so received shall be applied to the payment of demands against the Treasury in the same manner as money derived from the ordinary sources of Revinue, and the state shall be chargeable with Interest on the same at the rate of six per cent per annum, the Interest to be added to the principal annually
This act to take effect from its passage.
<Page 2>
[ docketing
]
A Bill for “An act concerning the school fund.”
[ docketing
]
12/29/1834
12/29/1834
29th Decr[December] 1834
Handwritten Document, 2 page(s), Folder 186, SB 30, GA Session: 9-1,
Illinois State Archives (Springfield, IL) ,