(820 ILCS 155/1) (from Ch. 48, par. 39f-1)
Sec. 1.
Every corporation, association, co-partnership, company, firm or
person principally engaged or about to engage principally in the business
of mining coal, ore, or other minerals, or quarrying stone or any process
in connection with well-drilling for oil, gas or water, or manufacturing
iron, steel, lumber, stoves, barrels, brick, tile, machinery, agricultural
or mechanical implements, or any commodity, having a lease only on such
mine, mineral or mining rights, quarry, well or manufacturing plant and on
the tipple, shaft, trackage, works, tools, appliances or machinery used or
to be used in such business, shall, before beginning or continuing such
work, tender for filing to the clerk of the Circuit Court of the county in
which such a business is located, a bond to be approved by such clerk,
payable to the State of Illinois, in a sum double the amount of the
semi-monthly pay-roll of any such lessee, and signed by good and sufficient
free-hold sureties or a surety company and conditioned that wages due the
employees of any such lessee will be paid promptly when due. If, however,
the value of the real and personal property within the State of Illinois
owned by such lessee as shown by the last preceding assessment or
assessments for taxation or as shown by the sworn affidavit of such lessee
is at least double the amount of the semi-monthly pay-roll of such lessee,
then it shall not be necessary for such lessee to file such bond. Such
clerk shall not file such bond until after the same has been examined and
approved by him.
The clerk of such court shall examine each lessee tendering such bond
under oath touching the number of employees to be employed and the amount
of wages to be paid. The Clerk of the Court may re-examine a lessee whose
bond is on file and cause the amount of such bond to be increased or
decreased on account of changed conditions of employment to an amount equal
to double the semi-monthly wages of the employees of such lessee. If such
lessee makes wage payments to his employees upon a weekly basis, the bond
required to be filed hereunder, or the value of his property required to be
shown by tax assessment or affidavit to dispense with such filing, shall be
in an amount equal to 2 times the amount of the weekly pay-roll of such
lessee. For purposes of this Act, "lease" includes a bailment or a
conditional sale; "lessee" includes a bailee or a purchaser under
conditional sales agreement.
(Source: P.A. 76-854.)
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