Sec[Section] 1 Be it enacted by the People of the State of Illinois represented in the General Assembly: That all persons who have heretofore purchased any of the property belonging to
the Canal, any of the Canal lands, or any of the lots in any town, sold by authority of the State, and who have made advances to the State by way of payment for the same, and who have by any means forfeited the same by not
complying with the other stipulations of the contract, shall be entitled to the relief
herein after granted, upon the conditions herein after mentioned. that is to say,
Every person who has paid any money upon such purchases, shall first ascertain the
amount, from the proper Authority, and next he shall have or procure to be described
the particular lot or land upon which payment shall have been made, and shall be allowed
the right to select so much of his original purchase at his option as the said payments
will cover, deducting from the original price stipulated for, thirty three and one
third per centum
Sec 2. Said purchaser shall relinquish all claim to the lots or lands which he does not
choose to purchase, and in writing make his selection known to the Board of Canal
commissioners, who are hereby authorized ^6^ and required to make such purchaser a deed, for the same,
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Sec. 3. If any balance shall be due to the Canal fund the same shall be promptly paid
at the rate aforesaid, but it shall in no case be allowed that the said Board shall
issue scrip of forfeited payments, that may in any event become currency for the payment
of any other lands or lots ^7.^ belonging to the Canal at any other valuation, but that the same balance if any shall be liquidated by the conveyance of lands
or lots originally ^10^ sold, and, and at the original valuation at the time of purchase with the deduction before mentioned.
Sec. 4. That it may be lawful for any purchaser to relinquish a part of a lot by fourths
or halves in proportion to the depreciated value hereafter
^heretofore^ fixed by this act, but not by any other mode than leaving to the State as much front as rear, and in all cases of the relinquishment of lands other than
town lots, the same shall be done in pursuance of the legal subdivisions of the United
States surveys, and not less than forty acres, nor shall the Commissioners confer transfer any lands not town lots by any other description than by such legal subdivisions.
Sec. 5. It may be lawful for any purchaser as aforesaid, to place his payment which
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which has been so forfeited on one piece of land not a twon lot, or one or more town lots on such particular lot or piece of land as he may deem
proper, at the original valuation
^purchase price^ with the deduction as aforesaid but in no case shall it be allowed to any such purchaser
to place this payment on any other lands or lots at any other price or valuation than
as before mentioned.
Sec. 6. The canal commissioners shall keep a just and full record of all proceedings under
this act, and report the same to the next meeting of the general or special Session
of this Legislature.
Sec. 7. The right of the purchasers under the provisions of this act may be the subject
of transfer in writing, signed by the purchaser or his legal representative which
shall be filed and recorded by the Board.
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No 155
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[02]/[22]/[1841]
[02]/[22]/[1841]
Passed
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ord 2
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[02]/[20]/[1841]
[02]/[20]/[1841]
reengrossed
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[02]/[06]/[1841]
[02]/[06]/[1841]
C. [Canals]& C L.[Canal Lands]
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30
Handwritten Document, 6 page(s), Folder 349, SB 157, GA Session 12-2,
Illinois State Archives (Springfield, IL) ,