Ledger for interest stock redeemable after 1860, 1857-1859.

ArchivalResource

Ledger for interest stock redeemable after 1860, 1857-1859.

Ledger contains balanced accounts with each individual or institutional Interest Stock (issued 1857) holder. Account credit entries indicate Interest Stock issuance (in exchange for old certificates of indebtedness, including stock issuance date, value and transfer number) and transfer (with transfer date; individual or institution transferred from; transfer number). Account debit entries indicate stock transfer to another individual or institution (with individual or institution transferred to; transfer date and number) and stock transfers resulting from redemption by state stock purchase (with redemption date and amount).

ledgers 2 volumes.

Information

SNAC Resource ID: 7377833

Illinois State Archive

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Illinois. Auditor's Office

http://n2t.net/ark:/99166/w6qc49t4 (corporateBody)

In 1865 counties and cities were authorized to issue bonds in support of subscriptions to the capital stock of railroad companies or in aid of any public improvement (L. 1865, p. 44). In 1877 bonding authority also was extended to other local governmental units including towns, townships, school districts, and other municipal corporations (L. 1877, p. 158). Each bond issued by a local unit had to be registered with the Auditor. When the bonds for any one unit totaled $5,000 or more the Auditor w...