Illinois Compiled Statutes 35 ILCS 605 — Illinois Central Railroad Tax Act.

Short title

Short title. This Act may be cited as the Illinois Central Railroad Tax Act. (Source: P.A. 86-1324.)

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 i…

The lands selected under the act of congress entitled "An Act granting the right of way, and making a grant of land to the states of Illinois, Mississippi and Alabama, in aid of the construction of a railroad from Chicago to Mobile", passed September 20, 1850, and authorized by this Act to be conveyed shall be exempt f…