Sec[Section] 1 Be it enacted by the People of the State of Illinois Represented in the General Assembly, That in order to ascertain The full amount expended by the State in construction of the Illinois and Michigan Canal, and in the preliminary steps, taken by the State in relation thereto and to perpetuatue[perpetuate] the evidence of said expenditures, the Auditor of Public Accounts, shall open an account in a Book to be provided for that purpose between the State and Canal, with each and every sum of money heretofore paid out of the State Treasury, for
the use, or on account of said Canal noting the date and amount of each payment, and refering[referring] to the Law or Resolution under which it was made and credit the Canal with each and every sum of money received into the Treasury belonging to the Canal
fund, noting the date and amount, and refering to the Law or Resolution, under which the money was raised and also by one Dollar
and Twenty five cents per acre for all Canal Lands donated or granted, to individuals
by the State, refering to the Law making such donation or grant.
Section 2. In making the account required by the foregoing section Interest shall
be charged upon the debits and credits at the rate of six per cent per annum, and shall be added to the principal annually and the said account shall be continued
to the ninth day of January one Thousand Eight hundred and thirty six at which time
the ballance[balance] shall be ascertained and struck, and from that date the ballance struck shall bear Interest at the rate of six percent per annum until paid
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Sect 3. When said account shall be completed, the Auditor shall notify the Governor thereof,
who shall carefully examine the same, and after correcting errors if any be discovered
the Governor shall certify at the footing of said account, that upon a careful examination
he has found the said account to be correctly stated, and the account thus stated
and certified shall be conclusive evidence between the State and the said canal fund, as to the state of accounts between the State and the said Canal.
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26
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No 9
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Senate
A Bill for “an act to provide for settling the accounts between the State and the Illinois and Michigan Canal”
A Bill for “an act to provide for settling the accounts between the State and the Illinois and Michigan Canal”
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[12]/[22]/[1838]
[12]/[22]/[1838]
passed
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[12]/[21]/[1838]
[12]/[21]/[1838]
2
X
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[12]/[22]/[1838]
[12]/[22]/[1838]
3
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[01]/[10]/[1839]
[01]/[10]/[1839]
Enrolled
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[12]/[21]/[1838]
[12]/[21]/[1838]
Engrossed
Handwritten Document, 4 page(s), Folder 342, SB 22, GA Session 11-1, Illinois State Archives (Springfield, IL) ,