Abstract of organizations of state banks under Banking Act of 1887, 1889-1914.
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Illinois.
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On Feb. 3, 1809, the U. S. Congress approved an act that seperated Illinois from the Indiana Territory. The chief executive officer of the new territory was to be a Governor appointed by the President of the United States. With three territorial judges, the Governor formed a unicameral legislative body called the Council of Revision. Besides serving as commander-in-chief of the militia, the governor had broad administrative responsibilities empowering him to call elections, take cen...
Illinois. Auditor's Office
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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...