Sec[Section] 1. Be it enacted by the people of the State of Illinois represented in the General Assembly That every person indebted to the State Bank (Cashiers & Collectors excepted) shall be allowed to pay such debt1 or debts in three annual installments and that all interest now due and twenty five
pr. ct. of the principal shall be remitted.
Sec. 2 That all persons desirous of taking the benefit of this Act, shall apply to the
Treasurer of State or any other Collector or Agent of the said State Bank and cancel all obligations of indebtedness subsisting between such persons and the
Bank by giving them promissory notes under seal with approved security, pay able as provided in the 1st. Section of this Act, to the Governor of the State for the use of the people of the State; and all promissory notes or other obligations thus executed shall be in consideration
of the forbearance and indulgence herein extended, and no plea to the consideration
or the Constitutionality of the Bank shall
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shall be considered valid in Law or received in any Court, before which actions may be
brought for the recovery of the debts or obligations hereby created.
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A Bill for An Act for the benefit of Bank Debtors.
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[02]/[12]/[1835]
[02]/[12]/[1835]
Engrossed
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To be enrolled
Sec. Senate
Sec. Senate
Handwritten Document, 4 page(s), Folder 229, SB 72, GA Session: 9-1,
Illinois State Archives (Springfield, IL),