Laid on the table, and 150 copies ordered to be printed.
A BILL
For “An Act providing for letting the works of Internal Improvement to persons or
companies, and for other purposes.”
| Sec. 1. Be it enacted by the people of the State of Illinois, represented in the General Assembly, | ||
| 2 | That there shall be constituted a board on the part of the State, whose duty it shall | |
| 3 | be to exercise a general supervision over all the works of the State which have been commen- | |
| 4 | ced under the Internal Improvement system, and who shall be, and are hereby, empowered to | |
| 5 | prosecute, on the part of the State, any person or persons, who shall trespass on any of the | |
| 6 | said works. And said board shall have power to sell, lease, or contract in relation to all or any | |
| 7 | part of the different rail ways laid out and commenced by the State, under the restrictions | |
| 8 | hereinafter provided for; and who shall receive per day each for the | |
| 9 | time necessarily, actually, and bona–fide employed in the specific services herein directed, and | |
| 10 | no more. | |
| Sec. 2. And be it further enacted, That on the application of any person or persons, or corpora- | ||
| 2 | tion or corporations, and on giving good and sufficient security that such person or persons, cor- | |
| 3 | poration or corporations, will pay all costs of surveys, estimates, &c.; that it shall be the duty | |
| 4 | of the board aforesaid to employ some competent engineer or engineers on the part of the State, | |
| 5 | who shall proceed to value and appraise any line or part of line of rail way—said appraisement | |
| 6 | to include all labor done on said railway, together with all the materials on hand for its con- | |
| 7 | struction—the value of the ground purchased, ceded, or condemned by the State. And if such | |
| 8 | person or persons, or corporation or corporations, shall pay into the Treasury of the State, the | |
| 9 | price set on it by the engineer or engineers, as aforesaid, or shall execute bonds with good and | |
| 10 | sufficient security for the payment of the principle within years, and the interest, at | |
| 11 | six per cent. paid semi–annually, to be paid into the State Treasury, then the said board shall | |
| 12 | sell to said person or persons, corporation or corporations, such line or part of line of rail way. | |
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| 13 | But no sale to be considered valid until it shall have been approved of by the Governor: Provi-, | |
| 14 | ded, that if the person or persons, corporation or corporations, shall give security in double the | |
| 15 | value of all materials put into their hands, that such materials or the value thereof shall be ap- | |
| 16 | plied in the construction of the road, and that said work shall be prosecuted within a reasonable | |
| 17 | time, the previous security mentioned in this section may be dispensed with; the State holding | |
| 18 | a lien on the road itself for the value of the work already done by the State: Provided, also, | |
| 19 | that in case of any contract and ratification thereof, growing out of the valuation and appraisement | |
| 20 | of any given portion of rail road, as provided in the foregoing part of this section, then and in | |
| 21 | that case the State shall pay the expense of said valuation. | |
| Sec. 3. And be it further enacted, That in case any person or persons, corporation or corpora- | ||
| 2 | tions, shall make application to the board, and given security for costs as aforesaid, it shall be | |
| 3 | lawful for them to dispose of half of the interest of the State to any given portion of rail road | |
| 4 | line, not less than miles in extent, on the following terms, viz: after the works and | |
| 5 | materials shall be appraised, as provided in the second section of this act, such amount of ap- | |
| 6 | praisement shall be considered as so much expended on the part of the State: and said person or | |
| 7 | persons, corporation or corporations, shall proceed to expend judiciously an equal amount, and | |
| 8 | if said road be not yet completed, then the said State and person or persons, corporation or | |
| 9 | corporations, company or companies, shall contribute in equal amounts, the sums necessary to | |
| 10 | finish said work or works; and when finished they shall be considered as joint owners of said | |
| 11 | work or works: Provided, that nothing herein contained shall be construed so as to oblige the | |
| 12 | State to complete, or assist to complete, any road or roads if, after the appraisement of the | |
| 13 | same, it shall appear that the State shall have expended less than one–fourth of its estimated cost: | |
| 14 | And provided, also, that if it shall appear from the appraisement and subsequent cost of finish- | |
| 15 | ing the work or works, that the State has paid over her proportion of the expense of construc- | |
| 16 | tion, then said person or persons, corporation or corporations, company or companies, shall pay | |
| 17 | over to the State one half of such excess; or on failure to do so, then the State shall be entitled | |
| 18 | to and draw of the revenues work or works, in proportion to the several amounts expended. | |
| Sec. 4. And be it further enacted, That in case of any sale by the State of her interest in | ||
| 2 | all or any part of any rail way, or part of rail way, as provided in the previous sections of this | |
| 3 | act, it shall be lawful for the State, at any time after the year to repossess herself | |
| 4 | of all or any part of the rail ways or parts of any rail way or rail ways, on the payment to the | |
| 5 | proper person or persons, corporation or corporations, company or companies, or any of them, | |
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| 6 | or their successors or legal representatives, the principal, with per cent. interest on the | |
| 7 | sum or sums advanced by him or them, from the time of such advancement to the time of payment: | |
| 8 | Provided, that the State shall take the whole of any given road, as originally disposed of, in | |
| 9 | whole or in part, to said person or persons, company or companies, corporation or corporations. | |
| Sec. 5. And be it further enacted, That if by the sale in whole or in part of any given portion | ||
| 2 | of rail way or rail ways, or in any other manner, any person or persons, company or compa- | |
| 3 | nies, corporation or corporations, shall become indebted to the State, the interest or property of | |
| 4 | such person or persons, company or companies, corporation or corporations in such rail road or | |
| 5 | rail ways, shall be considered pledged to the State; and no sale made by such person or persons, | |
| 6 | company or companies, corporation or corporations, shall be valid until the debts due and owing | |
| 7 | the State from such person or persons, company or companies, corporation or corporations, | |
| 8 | shall have been paid. But the State shall hold a lien on the stock or interest, with all the rev- | |
| 9 | enues arising therefrom, of such person or persons, company or companies, corporation or cor- | |
| 10 | porations, until such debt shall be adjusted and paid. |
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[ docketing
]
An Act providing for letting the works of Internal Improvements to persons & companies
& for other purposes
[ docketing
]
[02]/[12]/[1841]
[02]/[12]/[1841]
Com—Whole House
[ docketing
]
[02]/[12]/[1841]
[02]/[12]/[1841]
Epe order for Thursday next
Feb. 12th
Feb. 12th
[ docketing
]
[02]/[22]/[1841]
[02]/[22]/[1841]
Ord. Eng.
[ docketing
]
15
Printed Document, 4 page(s), Folder 139, HB 196, GA Session 12-2,
Illinois State Archives (Springfield, IL) ,