(15 ILCS 535/1)
(from Ch. 130, par. 43)
The State Treasurer may, within the amount of any appropriation for
such purpose, purchase, either before or after maturity, any bond, note or
other evidence of indebtedness of the State of Illinois which has been
mutilated in any manner, upon the presentation to him of the principal and
essential parts of the evidence of indebtedness. No more than par value
plus accrued interest shall be paid for any such evidence of indebtedness.
Any evidence of indebtedness so purchased shall be marked redeemed and
cancelled and shall be disposed of in the manner provided by "An Act in
relation to the cremation or sale of bonds, notes and other evidences of
indebtedness, including interest coupons, which have been paid, redeemed or
cancelled by the State of Illinois", approved July 17, 1941, as amended.
(Source: Laws 1953, p. 402.)