In force, Jan.[January] 12, 1839.
AN ACT to provide for settling the accounts between the State and the Illinois and Michigan Canal.
1
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 the construction of the Illinois and Michigan canal, and in the preliminary steps taken by the State in relation thereto, and to perpetuate the evidence of said expenditure, the Auditor of Public Accounts shall open an account, in a book to be provided for
that purpose,2 between the State and the 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 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 the amount, and referring 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, referring to the law making such donation or grant.
Sec. 2. In making the account required by the foregoing section, interest shall be charged
npon 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 balance shall be ascertained and struck; and from that date the balance struck
shall bear interest, at the rate of six per cent. per annum, until paid.
Auditor shall notify Governor.
Duty of Gov.[Governor] o examine accounts.
Sec. 3. When said accounts 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 amount 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 said canal.
Approved, January 12, 1839.
1William Thomas introduced SB 22 in the Senate on December 17, 1838. The Senate passed the bill on December 22. The House of Representatives concurred on January 4, 1839. On January 12, the Council of Revision approved the bill and the act became law.
Journal of the House of Representatives of the Eleventh General Assembly of the State
of Illinois, at Their First Session, Begun and Held in the Town of Vandalia, December
3, 1838 (Vandalia,IL: William Walters, 1838), 138, 143, 160, 166, 191, 195; Journal of the Senate of the Eleventh General Assembly of the State of Illinois, at
Their First Session, Begun and Held in the Town of Vandalia, December 3, 1838 (Vandalia, IL; William Walters, 1838), 73, 101, 104-105, 138, 150-51, 168.
Printed Document, 1 page(s), Laws of the State of Illinois, Passed by the Eleventh General Assembly (Vandalia, IL: William Walters, 1839), 42, GA Session: 11-1,