(815 ILCS 205/9) (from Ch. 17, par. 6417)
Sec. 9.
Whenever, in any statute, act, deed, written or verbal, contract,
or in any public or private instrument whatever, any certain rate of
interest is or shall be mentioned, and no period of time is stated for
which such rate is to be calculated, interest shall be calculated at the
rate mentioned, by the year, in the same manner as if "per annum" or "by
the year" had been added to the rate.
(Source: Laws 1879, p. 184.)
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