Illinois. Office of Fund Commissioner.

The Board of Fund Commissioners was created by l. 1837, p. 121. Board contracted for and negotiated all loans authorized by General Assembly for internal improvements and signed and executed all bonds or stock certificates issued for such loans. Monies received from proceeds of loans were deposited at State Bank of Illinois and Bank of Illinois at Shawneetown. These deposits were used to pay drafts issued on Fund Commissioners by Board of Commissioners of Public Works for expenditures on internal improvement prjects or pruchases of land. Fund Commissioners also were empowered to purchase and furnish iron, machinery and other materials required by Board of Commissioners of Public Works.

In 1840 Board of Fund Commissioners was abolished and replaced by one Fund Commissioner, who assumed duties formerly exercised by Commissioners and was responsible for auditing and settling their accounts and those of Board of Commissioners of Public Works. When Board of Auditors was established in 1841, it was authorized to draw drafts on Fund Commissioner for any approved settlements.

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