All stock dividends, and other fictitious increase of the capital stock or indebtedness of any such corporation, shall be void.
610 ILCS 5/21
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
Known as the Railroad Incorporation Act
The act spans §§ 610-5-0-01 to 610-5-9 (31 sections).
Laws 1871, p. 625.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.