Illinois General Assembly - Illinois Compiled Statutes

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35 ILCS 605/18

(35 ILCS 605/18) (from Ch. 120, par. 373)

Sec. 18.

In consideration of the grants, privileges and franchises herein
conferred upon said company for the purposes aforesaid, the said company
shall, on the first Mondays of December and June in each year, pay to the
Department of Revenue of the State of Illinois five per centum on the gross
or total proceeds, receipts or income derived from said road and branches,
for the six months then next preceding. The first payment of such
percentage on the main trunk of said road to commence four years from the
date of said deed of trust, and on the branches, six years from the date
aforesaid, unless said road and branches are sooner completed, then from
the date of completion. And for the purpose of ascertaining the proceeds,
receipts or income aforesaid, an accurate account shall be kept by said
company, a copy whereof shall be furnished to the Governor of the State of
Illinois and to the Department of Revenue; the truth of which account shall
be verified by the affidavits of the treasurer and secretary of such
company. And for the purpose of verifying and ascertaining the accuracy of
such account, full power is hereby vested in the Governor of the State of
Illinois, the Director of the Department of Revenue, or any other person by
law appointed, to examine the books and papers of said corporation, and to
examine, under oath, the officers, agents and employees of said company,
and other persons. And if any person, so examined by the Governor or other
authority, shall knowingly and wilfully swear falsely, or if the other
officers making such affidavits shall knowingly and wilfully swear falsely,
every such person shall be subject to the pains and penalties of perjury.

(Source: P.A. 76-117.)