(610 ILCS 5/21)
(from Ch. 114, par. 22)
No such corporation shall issue any stock or bonds, except for
money, labor or property actually received and applied to the purposes for
which such corporation was organized. All stock dividends, and other
fictitious increase of the capital stock or indebtedness of any such
corporation, shall be void.
(Source: Laws 1871, p. 625.)