Sec.[Section] 1. Be it enacted by the People of the State of Illinois^,^ represented in the General Assembly^,^ That

^there^ shall be constituted a Board on the part of the state^,^ whose duty it shall be to exercise a general supervision over all the works of the State which have been commenced under the Internal Improvement System^,^ and who shall be^,^ and are hereby^,^ empowered to prosecute^,^ on the part of the State^,^ any person or persons who shall trespass on any of the said works.

And said Board shall have power to sell, lease^,^ or contract in relation to all or any part of the different Rail Ways, laid out and commenced by the State, under the restrictions hereinafter provided for^;^ and1 who shall receive per day each for the time necessarily^,^ actually^,^ and bona-fide employed in the specific services herein directed^,^ and no more.

Sec 2. And Be it further enacted, That on the application of any person or persons^,^ or corporation or corporations^,^ and on their giving good and sufficient security that such person or persons^,^ corporation or corporations, will pay all costs of survey and estimates^,^ &c. that it shall be the duty of the Board aforesaid to employ some competent Engineer or Engineers on the part of the State^,^—who shall proceed to value and appraise any line or part of line of Rail Way^,^

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said appraisement to include all labour done on said Rail Way^,^ together with all the materials on hand for its construction, the value of the ground purchased, ceded, or condemned by the State. And if such person or persons^,^ or corporation or corporations^,^ shall pay into the Treasury of the State^,^—the price set on it by the Engineer or Engineers^,^ as aforesaid, or shall execute bonds with good and sufficient security for the payment of the principle within years^,^ and the interest^,^ at six per cent paid semi^-^annually^,^ to be paid into the State Treasury^,^—then the said Board shall sell to said person or persons, corporation or corporations, such line or part of line of Rail Way^.^— ^(^But no sale to be considered valid until it shall have been approved of by the Governor^:^—Provided^,^ that if the person or persons, corporation or corporations^,^ shall give security in double the value of all materials put into their hands^,^ that such materials or the value thereof shall be applied in the construction of the road^,^ and that said work shall be prosecuted within a reasonable time, the previous security mentioned in this section may be dispensed with^;^—the State holding a lien on the Road itself, for the value of the work already done by the State[...?]^:^—Provided^;^ also^;^ that in case of any contract and ratification thereof, growing out of the valuation, and appraisement of any given portion of Rail Road^;^ as provided in the foregoing part of this Section,—then and in 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 corporations, shall make application

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to the Board^;^ and give security for costs as aforesaid^;^—It ^it^ shall be lawful for them to dispose of half of the interest of the State to any given portion of Rail Road line^;^ not less than miles in extent^;^ on the following terms, viz: After the works and materials shall be appraised^;^ as provided in the second section of this act^;^ such amount of appraisement shall be considered as so much expended on the part of the State^:^ And ^and^ said person or persons, corporation or corporations^;^ shall proceed to expend judiciously an equal amount^;^ and if said Road be not yet completed^;^—then the said State and person or persons, corporation or corporations, company or companies,2 shall proceed to advance ^contribute^,^^ in equal amounts^,^ the sums necessary with ^ to finish^ said work or works;3 shall be finished,—and when finished^,^ they shall be considered as joint owners of said work or works:—Provided^,^ that nothing herein contained shall be construed ^so^ as to oblige the State to complete^,^ or assist to complete^,^ any Road or Roads, if^,^ after the appraisement of the same^,^ it shall appear that the State shall have expended less than one one fourth of its estimated cost^:^—A^a^nd Provided^,^ also^,^ that if it shall appear from the appraisement and the subsequent cost of finishing the work or works^,^ that the state has paid over her proportion of the expense of construction^,^—then said person or persons, corporation or corporations, company, or companies^,^ shall pay over to the State one half of such excess^;^ or on failure ^ ([2 y?].) ^ to do so^,^—then the State shall be entitled to and draw of the revenues work or works, in proportion

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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 all or any part of any Rail way^,^ or part of rail way^,^ as provided in the previous sections of this act^,^ It ^it^ shall be lawful for the State^,^ at any time after the year to repossess herself of all or any part of the Rail Ways^,^ or parts of any Rail Way or Rail Ways on the payment to the proper person or persons^,^ corporation or corporations, company or companies, or any of them^,^ or their [...?]Successors—or legal representatives^,^ the principal^,^ with per cent^.^ interest on the sum or sums [...?] them, on the sum advanced by him or them from the time of such advancement to the time of payment:4 Provided^,^ that the State shall take the whole of any given Road^,^ as originally disposed of^,^ in whole or in part^,^ to said persons, 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 of Rail Way or Rail Ways, or in any other manner, any person or persons, company or companies, corporation or corporations, shall become indebted to the State^,^ the interest or property of such person or persons, company or companies, corporation or corporations in such Rail Road or Rail Ways^,^ shall be considered pledged to the State;5 and no sale made by such person or persons, company or companies, corporation or corporations^,^ shall be valid until the debts due and owing the State from such person or persons, company or companies, corporation[...?] or corporations^,^ shall have

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been paid^.^ But the State shall hold a lien on the the Stock or interest^,^ with all the revenues arising therefrom^,^ of such person, or persons, company or companies, corporation or corporations^,^ until such debt shall be adjusted and paid