Section 119. The rule is, that not only exclusively tangible property is liable to the exercise of the right of eminent domain, but whatever exists in any form, whether tangible or intangible, may be subjected to its exercise.9

Such property as lands, houses, piers, bridges, streams of water and corporate property and franchises, when necessary for public purposes, may be taken under the power of eminent domain.

Compensation. Section 120. Just compensation, to be ascertained by an impartial tribunal, is a constitutional right of the owner of property taken under the power of eminent domain. Just compensation means the payment of such sum of money as will make the owner of the property whole, so that on receipt by him of the compensation and damages he will not be poorer because his property is taken or damaged. In other words, the compensation awarded should be the full reasonable value of the interest or interests taken, but sentimental valuations are never considered in allowing compensation.

7 140 Mo., 458; 195 III., 353.

8 Dillon, Mun. Corp. (3rd Ed.), Par. 604; Specht vs. Detroit, 20 Mich., 168.

9 Met. City Ry. Co. vs. Chi. W. D. Ry. Co., 87 III., 317; 36 Conn., 196.