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Full text of "Laws of the State of Illinois"

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Digitized by tine Internet Arcliive 

in 2010 witli funding from 

CARLI: Consortium of Academic and Researcli Libraries in Illinois 



http://www.archive.org/details/lawsofstateofill1867illi 



PRIVATE LAWS 



OF THE 



STATE OF ILLINOIS, 



PASSED BY THE 



TWEIN^TY-FIFTH GE:N^ERAL ASSEMBLY, 



COl^YENED JANUARY 7, 1867. 



VOLUME II. 



SPRINGFIELD : 

BAKER, BAILHACHE & CO., PRINTERS. 

1867. 



TABLE OF CONTENTS. 



HEDGE TRIMMER COMPANY : page. 
An act to incorporate the American Hedge Trimmer Company 1 

HORSE RAILWAYS: 

An act to incorporate the Urbana and Champaign Horse Railway Company 2 

An act to incorporate.the Jacksonville Horse Railway Company * 

An act to incorporate the Rockford Horse Railway Company ° 

An act to incorporate the Carlinville Horse Railway and Carrying Company 8 

An act to incorporate the Lincoln Horse Railway and Carrying Company.. » 

An act to incorporate the Alton and Upper Alton Horse Railway and Carrying Company 10 

An act to incorporate the Bloomington and Normal Horse Railway Company 12 

An act to incorporate the Ottawa City Horse Railway Company 15 

An act to promote the construction of Horse Railways in the city of Peoria 16 

An act to incorporate the Moline and Rock Island Horse Railroad Company,. 18 

An act to promote the construction of a Horse Railroad in the town of Danville 19 

An act to promote the construction of Horse Railways in the city of Mattoon 20 

An act to incorporate the Freeport City Railway Company 22 

An act to incorporate the Belleville City Railway Company ^^ 

An act concerning the Capital Railway Company of Springfield ^ 

An act to incorporate the La Salle and Peru Horse Railway Company f^ 

An act to incorporate the Chicago and Calumet Horse and Dummy Railroad Company.. rfO 

An act to incorporate the Galesburg Horse Railway Company ^1 

An act to incorporate the Decatur Horse Railway and Carrying Company .>..•• o3 

An act to incorporate the El Paso Horse Railway and Carrying Company 34 

HORTICULTURAL SOCIETY: 

An act to incorporate the Alton Horticultural Society "" 

HOTEL COMPANIES : 

An act to incorporate the Jerseyville Hotel Company ^ 

An act to incorporate the Aurora Hotel Company ^8 

An act to incorporate a Hotel Company in the city of Quincy *^ 

An act to incorporate the Paris Hotel Company *^ 

An act to incorporate a Hotel Company in the city of Carlinville *^ 

An act to incorporate the De Soto Hotel Company *^ 

An act to incorporate the Waukegan Hotel Company *^ 

An act to incorporate the Evanston Hotel Company ji 

An act to incorporate a Hotel Company in the city of Bloomington *° 

An act to incorporate the Hyde Park Hotel Company °" 

An act to incorporate the Peoria Hotel Company •.•••.•' =9 

An act to incorporate a Hotel Company in the city of Ottawa, Illinois ^ 

An act to incorporate the Naples Hotel Company ^* 

An act to incorporate a Hotel Company in the city of Litchfield ^^ 

An act to incorporate a Hotel Company in the town of Carthage ^° 

An act to incorporate the Jacksonville Hotel Company ^^ 

An act to incorporate the Randolph Hotel Company ^ 

An act to incorporate a Hotel Company in the city of East St. Louis ^l 

An act to incorporate the Edwardsville Hotel Company °^ 

An act to incorporate the Lake Forest Hotel and Manufacturing Company o^ 

An act to incorporate the Perry Springs Hotel and Railroad Company »|2 

An act to incorporate a Hotel Company in the city of Shelby ville W 

An act to incorporate a Hotel Company in the city of Canton °9 



An act to incorporate the Pana Hotel Company. 



An act to incorporate the City Hotel Company, of Carrollton, Illinois 72 

HIGHWAYS ; 

An act to legalize highways in the town of Downer's Grove, Du Page county, Illinois. . . 73 
An act to change the highway laws for the town of Richland, in La Salle county 75 



rv CONTENTS. 

HOSPITALS: page. 

An act to incorporate the Women's Hospital, of Quincy 77 

An act to incorporate the Mercy Hospital and School and Orphan Asylum, of Ottawa, 

Hliuois 79 

An act to incorporate the Institution of Protestant Deaconesses, and to provide for the 
management and control of an hospital in Chicago 81 

HEIRS- AT-LAW: 

An act to make Grayson Smith Middleton heir-at-law of Grayson F. Middleton 85 

An act making Jennie May Allen heir-at-law of Harvey E. Allen 85 

HALLS : 

An act to incorporate the Union Hall Association, of Atlanta ., 86 

An act to incorporate a Public Hall Company in the city of Monmouth 87 

HYDRAULIC COMPANIES: 

An act to incorporate the Elgin Hydraulic Company 8° 

An act to incorporate the Fox River Hydrauhc and Manufacturing Company 91 

An act to incorporate the Des Moines Rapids Improvement and Hydraulic Company. . . 96 

INSURANCE COMPANIES : 

An act to incorporate the International Life Insurance Company 98 

An act to incorporate the Home Fire and Marine Insurance Company, of Paris, Illinois. 101 

An act to incorporate the Western World Insurance Company " 105 

An act to amend an act to incorporate the Germania Fire, Marine and Life Insurance 

Company, of Chicago, approved February 16th, 1865 107 

An act to incorporate the Mutual Life Insurance Company of the State of Illinois 107 

An act to amend an act entitled "An act to incorporate the Southern Illinois Mutual In- 
surance Company," approved Feb. 13, 1868 109 

An act to incorporate the Bureau County Fire Insurance Company 112 

An act to incorporate the jEtna Insurance Company, of Chicago 115 

An act to amend an act entitled "An act to incorporate the Mutual Security Insurance 

Compav." 118 

An act to incorporate the Illinois Life Insurance Company 118 

An act to amend an act entitled "An act to incorporate the Rockford Insurance and 

Savings Company," approved Feb. 19, 1857 121 

An act to incorporate the Reaper City Insurance Company 121 

An act to amend the charter of the Freeport Insurance Company 124 

An act to amend the charter of the American Insurance Company, of Freeport, Illinois. 125 
An act to incorporate the American Standard Life Insurance Company, of Springfield, 

Illinois 126 

An act to incorporate the National Insurance Company 129 

An act to incorporate the Empire Mutual Life Insurance Company P. . . 130 

An act to incorporate the Kankakee Insurance Cumpanv 135 

An act to incorporate the Palatine Mutual Guarantee Insurance Association 137 

An act to amend an act entitled "An act to incorporate the JIutual Life Insurance Com- 
pany, of Chicago," approved February 16th, 1865 140 

An act to incorporate the German Mutual Fire Insurance Company, of North Chicago.. 141 

An act entitled an act to incorporate the Dubois Insurance Company 143 

An act to authorize the formation of Township Insurance Companies 146 

An act to amend an act entitled "An act to incorporate the Commercial Insurance Com- 
pany." 150 

An act to incorporate the Union Insurance Company ].50 

An act to amend the charter of the National Accident and Life Insurance Company 152 

An act to amend the charter of the Tiavelers' Insurance Company, of Chicago, Illinois. 153 

An act to incorporate the Montgomery County Fire Insurance Company 154 

An act to incorporate the Home Insurance Company, of Chicago I57 

An act to amend an act entitled "An act to incorpoiate the Wabash Valley Fire and 
Marine Insurance Company, at Paris, Edgar county, Illinois," approved February 14, 

1857 160 

An act to amend the charter of the Columbian Insurance Company 161 

An act to amend an act entitled "An act to incorporate the Union Insurance Company," 

approved February 16, 1S65 161 

An act to incorporate the Wauconda Mutual Insurance Company 162 

An act to incorporate the Farmers' and Mechanics' Insurance Company, of Paris 164 

An act to amend an act entitled "An act to incorporate the National Travelers' Insurance 

Company," approved February 15, 1865 166 

An act to incorporate the Shipper's Insurance Company 167 

An act to amend an act entitled "An act to incorporate the Du Page Mutual Insurance 

Company, of Wlieaton," approved February 16, 1857 168 

An act to incorporate the Quincy Union Mutuil Insurance Company 168 

An act to incdrporaie the Protection Life Insurance Company 171 

An act to incorporate the Downer's Grove Farmers' Muiual'lnsurance Company 175 

An act to incorporate the Fo.x River Insurance Company I77 

An act to amend the charter of the Adams Insurance Company, of Freeport, Illinois. . .ISO 



CONTENTS. V 

IXSUEANCE COMPANIES : pagk. 

An act to amend the charter of the Farmers' Insurance Company 181 

An act to amend an act entitled "An act to incorporate the Great Western Horse Insu- 
rance Company to insure against Thieves," approved February 16, 1865 182 

Au act to amend' an act to incorporate the Pioneer Insurance Company 182 

An act to incorporate the Southern Horse Insurance Company 183 

An act to amend the charter of the National Accident and Life Insurance Company, of 

Decatur, Illinois 185 

An act to amend an act entitled "An act to incorporate the Merchants' Insurance Com- 
pany." 186 

An act to incorporate the McDonough County Home Insurance Company 186 

An act to incorporate the Home Insurance Company, of Fulton, Illinois 189 

An act to incorporate the Bloomington Insurance Company 192 

An act to incorporate the Sandwich Fire Insurance Company 194 

An act to amend the charter of the Illinois Mutual Fire Insurance Company 197 

An act to incorporate the Bloomington Insurance Company 198 

An act to ameud the charter of the Citizens' Life Insurance Company 200 

An act to incorporate the Valley Insurance Company 200 

An act to incorporate the Mokena Insurance Company 204 

An act to incorporate the Burglary Insurance Company 207 

An act to incorporate the Western Railroad Insurance Company 209 

An act to incorporate the American Mutual Health Insurance Company 212 

An act to amend the charter of the Illinois Central Insurance Company .• 213 

An act to incorporate the Pulaski County Insurance and Loan Company 214 

An act to amend the charter of the Illinois State Insurance Company 215 

An act to incorporate the International Insurance Company 216 

An act to incorporate the Farmers' and Mechanics' Life Insurance Company, of Mon- 
mouth 221 

An act to amend an act entitled "An act to incorporate the Merchants' Insurance Com- 
pany, of Chicago." 224 

An act to incorporate the Home Fire and Marine Insurance Company, of Paris, Illinois. 225 

An act to incorporate the Mutual Health Assurance Association, of Peoria 228 

An act to amend the charter of the Fire and Tornado Insurance Company 229 

An act to amend an act entitled "An act to incorporate the Addison Farmers' Mutual 

Insurance Company," approved February 15, 1855 230 

An act to incorporate the Vesuvius Insurance Company 230 

An act to incorporate the Union Investment Company 235 

JAIL: 

An act to enable the county of Alexander to build a jail and improve the court house 
grounds, and for other purposes 238 

LAND COMPANY : 

An act to incorporate the Chicago Real Estate and Land Company 239 

LAND IMPROVEMENT COMPANY: 

An act to incorporate the Land improvement and Irrigation Company 241 

LEGALIZING CERTAIN ACTS : 

An act to legalize certain acts therein mentioned 243 

LIBRARIES : 

An act to incorporate the Public School Library Society of Warsaw, Illinois 244 

An act to recognize, define and limit the powers of the stockholders of the- Quiccy 

Library, of the City of Quincy 245 

An act to incorporate the Library Hall Company of Quincy 246 

An act to incorporate the Bloomington Libraiy "Association 249 

An act to incorporate the Rockford Library, of the City of Rockford 251 

An act to incorporate the Ladies' Library Association of Greenville, Illinois 254 

An act to incorporate the Hyde Park Library Association '. 254 

An act to incorporate the Randolph County Library and Historical Association 256 

LITERARY AND SCIENTIFIC ASSOCIATIONS : 

An act to incorporate the Young Ladies' Atheneum of Jacksonville 257 

An act to incorporate the Chicago Astronomical Society 258 

An act to. incorporate the Literary and Library Association of the City of Centralia, 

Illinois 259 

An act to amend an act entitled "An act to incorporate the Chicago Historical Society," 

approved February 7, 1857 261 

An act to consolidate certain townships in Rock Island county, for school purposes 261 

An act to incorporate the Highland Gymnastic Society 262 

An act to incorporate the Alpha Zeta Society of Shurtleff College 2ri3 

An act to incorporate the German Roman Catholic Benevolent Association of Aurora. .264 
An act to incorporate the German Christian Aid Society of Chicago 265 



VI CONTENTS. 

LITERARY AND SCIENTIFIC ASSOCIATIONS : pagb. 

An act to legalize the acts of the First Congregational Society of Joliet, and for other 
purposes 266 

An act to incorporate the Ernes Lodge, No. 67, Independent Order of final Birth of 

Springfield, Sangamon county, Illinois 268 

An act to incorporate the Sterling Literary Association". V. //............ ...\. [..\\.. 268 

An act to amend an act entitled "An act to incorporate the Young Men's Christian Asso- 
ciation, of Chicago." 269 

An act to incorporate the Young Men's Christian'Associati'on of Biooinington'. ....... "271 

An act to incorporate the E vanston Philosophical Association 272 

An act to incorporate the Wrightonian Society ".".".'.".'.".'.'."."."...'.'.*.' 273 

An act to incorporate the Philadelphian Society of the Illinois State "No"rmal" "University. 274 

An act to incorporate the Ladies' Baptist Education Society 275 

An act to incorporate the Concordia Maennerchor of Chicago 276 

LOAN COMPANIES: 

An act to incorporate the Marion County Trust and Loan Company 277 

An act to incorporate the Edgar County Land and Loan Company". .......'.'.'.'.'.'.'.'.'.'. ". ^280 

MANUFACTURING COxMPANIES : 

An act to incorporate the Northwestern Manufacturing Company 282 

An act to incorporate the Chicago Union Manufacturing CompanT.*.!.*! !! !!" 284 

An act to incorporate the Oconto Company 286 

An act to incorporate the McHenrv County Manufacturing" "Company. 288 

An act to incorporate the United States Hydro-Caloric Light Manufacturing ComVanv" 290 
An act to incorporate the Rockwood Manufacturing Company.... 293 

An act to incorporate the Ottawa Agricultural Implement Manufactory!.'!.' 294 

An act to incorporate the Chicago Fibre and Paper Company 295 

An act to incorporate the Chicago Beater, Cotton and Hay Press Company 296 

An act to incorporate the Hapgood Manufacturing Company. .... 297 

An act to incorporate tbe National Brick Machine Company, of Buslineli 299 

An act to incorporate the Valley Iron Company !! 300 

An act to incorporate the Hcme'Manufacturing Company", 'of !j"ac"k's"o"nvi'lie,' lilin'ois 302 

An act to incorporate the Illinois Soap-Stone Stove Company '. . . . 303 

An act to incorporate the Bureau County Concrete Company. ..!.!'!!!! 304 

An act to incorporate the Great Western Agricultural Tool Company!!!!! 305 

An act to incorporate the Excelsior Stove Works, of Quincy, Illinois 306 

An act to incorporate the Chicago Soap and Candle Manufacturing Company 308 

An act to incorporate the Illinois Manufacturing Company. 31O 

An act to amend an act entitled " An act to incorporate the Starved 'Rock 'Mkii'u'fkcturl 

ing Company _ g^^ 

An act to incorporate the Union Screw and Bolt' Company !"!!!!!!! 311 

An act to incorporate the Ottawa Cotton Manufacturing Company" 312 

An act to incorporate the Cook County Cement Tile Drain Company! 313 

An act to incorporate the Spading, Pulverizing and Seeding Machine Comp'a'n'y 314 

An act to incorporate the Globe Manufacturing Company :>16 

An act to incorporate the Dexter Manufacturing and Mercantil"e"c"omp'an'y,""o"f"Q'u"i'n'c'v" "siS 
An act to incorporate the United States Wine Companv, of Nauvoo ""320 

An act to incorporate the Chicago White Lead Company 321 

An actio incorporate the Jessup Supply Company '! 322 

An act to incorporate the Chicago Iron Works 323 

An act to incorporate the Cherry Point Citv Wooien'Ma'n'ufa'ctu'rin'g Comp'an'v "in'cherrv 

Point City, Edgar county, Illinois 7 '' 395 

An act to incorporate the Mechanics' Foundery aiid' iManiifacturi'ng'Co'm'pa'n'y 305 

An act to incorporate the Valley Manufacturing Company 303 

An act to incorporate the Illinois Soap-Stone Stove Company !!.!!!!!!!!! 33O 

An act to amend an act entitled "An act incorporating the Mechanical 'Bakery "Com- 
pany, of Chicago." 7 330 

An act to incorporate the Wilmington Manufacturing' Co'mpanv 331 

An act to incorporate the Mansfield Elastic Frog Companv, of Chicago! ! ! 332 

An act to incorporate the Home Flax Manufacturing Company 333 

An act to incorporate the Northwestern Silver- Ware Manufacturing Company 334 

An act to incorporate the American Steam Generator Companv 336 

An act to incorporate Pullman's Palace Car Companv. 337 

An act to incorporate the La Salle Glass Company . . " 339 

An act to incorporate the Chicago Glass Company 34O 

An act to incorporate the Garden City Planing Mill and Lu'm'b'erManu'facturing "Company 342 
An act to incorporate the Joliet Manufacturing Company.. ^ 343 

An act to incorporate the Western While Lead Compaqv of Chi'c'ago 345 

An act to incorporate the Rock Island Woolen Manufacturing Company! !! 346 

An act to incorporate the Svenska Americanarcn Company 348 

An act to authorize the city of Ottawa to subscribe to the "stock" o"f" the Ottawa "jikn'u'facl 

lunng l^onipaiiy ocrt 

An act to incorporate the Pioneer'Ma'n'ufa'c't'u'riii'g" Company 351 

An act to incorporate the American Anti-Incrustation Comp"a"ny," of "Chicago! !!!!!!!!!! !352 



CONTENTS. VII 

MANUFACTURING COMPANIES: pagb. 

An act to incorporate the Chicago Horse Nail Company. , 353 

An act to incorporate the Secor Hand Stamp Company, of Chicago 355 

An act to incorporate the Grigg's Excelsior Brick Machine Company 357 

An act to incorporate the Illinois Linen Company •. 358 

An act to incorporate the Pontiac Woolen Manufacturing Company « 359 

An act to incorporate the Chester Foundery and Machine Shop Company 361 

An act to incorporate the Lumber Manufacturing Company 362 

An act to incorporate the Illinois Cotton Company 363 

An act to incorporate the Chicago Lumber Dressing and Manufacturing Company 365 

An act to incorporate the Union Hide and Leather Company, and to authorize said com- 

Eany to purchase and incorporate the entire property of the Turner and Sidway 
eather Company 367 

An act to incorporate the United States Clock Pnd Brass Company 369 

An act to incorporate the Garden City Manufacturing and Supply Company 371 

An act to incorporate the ^tna Peat Company, of Chicago, Illinois 372 

An act to incorporate the Northwestern Chemical Company '. 373 

An act to incorporate the Peoria Manufacturing Company 374 

An act to incorporate the Ottawa Paper Manufacturing Company 375 

An act to incorporate the Ottawa Woolen Manufacturing Company 375 

MINING COMPANIES : 

An act to incorporate the Union Mining and Manufacturing Company 877 

An act to incorporate the Bullion Mining Company 880 

An act to incorporate the Fairview Lead Mining ani Smelting Company 381 

An act to incorporate the Illinois Excelsior Coal Company 383 

An act to incorporate the Galena City Mining and Smelting Company 384 

An act to incorporate the Lake County Peat Company 3S6 

An act to incorporate the Colorado Mining and Prospecting Company, of Chicago S88 

An act to incorporate the Vermilion River Coal Company 389 

An act to incorporate the People's Coal Mining and Transportation Company S90 

An act to incorporate the Virginia Oil and Mining Company 392 

An act to incorporate the Fox Rirer Valley Coal and Mining Company, of Ottawa, Illinois.393 

An act to incorporate the Illinois Nevada Silver Mining Company 395 

An act to incorporate the Junction Coal Company 396 

An act to incorporate the Illinois and Montana Mining Company 397 

An act to incorporate the Illinois and Pah Ranagat Silver Mining Company 399 

An act to incorporate the Lancaster Coal Company, 402 

An act to incorporate the Sangamon Coal and Maoufacturing Company 404 

An act entitled an act to incorporate the Peoria and Langdon Coal and Coke Company. 406 

An act to incorporate the Culver (3oal Company 408 

An act to incorporate the Union Mining and Prospecting Company, of Chicago 410 

An act to incorporate the Gardner Coal Company 411 

An act entitled an act to incorporate the Commonwealth Mining Company 413 

An act to incorporate the Kankakee Stone and Lime Company 415 

An act to amend an act entitled "An act to incorporate the Wilmington Coal Mining and 

Manufacturing Company." 416 

An act giving certain powers to the Peru Coal Company 416 

An act to incorporate the Kentucky Coal Company 417 

An act to revive an act entitled "An act to incorporate the American Bottom Lime, 

Marble and Coal Company," approved February 18, 1857 419 

An act to amend an act entitled "An act to incorporate the Jacksonville Mining Com- 
pany," approved February 12, 1867 420 

An act to incorporate the Georgetown Gold and Silver Mining Company 420 

An act to incorporate the Hancock Stone Company 421 

An act to incorporate the El Paso Coal Mining and Manufacturing Company 423 

An act to incorporate the Wall's Mining and Manufacturing Company 425 

An act to incorporate the Whiteside Peat and Mining Company 427 

An act to incorporate the Allaodale Coal Mining and Manufacturing Company 428 

An act to incorporate the Edgar Mining and Oil Company '. 431 

An act to incorporate the Jacksonville Mining Company 432 

An act to incorporate the Osceola Gold and Silver Mining Company 433 

An act to incorporate the Vermilion Coal Company, of Illinois ■. 435 

An act relative to mining for lead ore or other minerals 436 

An act to incorporate the Central Coal Company, of Ottawa, Illinois 438 

MINERAL SPRINGS : 

An act to incorporate the Green Lawn Springs Company 440 

An act to incorporate the Versailles Mineral Springs Company 440 

MINORS : 

An act to enable Lyman L. Palmer, a minor, to sell and convey real estate 442 

An act to enable Edward F. Rice, a minor, to sell and convey his real estate 442 

An act to declare Audvew J. Henderson of lawful age 442 



Vni CONTENTS. 

MOTOR COMPANY : page. 

An act to incorporate the Chicago Atwater Motor Company 443 

MARKETS : 

An act to incorporate the Freeport City Market 445 

MONUMENTAL ASSOCIATIONS : 

An act to incorporate the Fulton County Monumental Association 447 

An act to legalize the location of the Soldiers' Monument in the village of Byron, county 
of Ogle, and state of Illinois, and to authorize the town of Byron to raise money by 

taxation, and for other purposes , 448 

An act to provide for building a Soldiers' Monument iu the county of Knox ,449 

An act to enable the citizens of the township of Dement, in the county of Ogle, and 
state of Illinois, to raise money, by taxation, for the purpose of erecting a Soldiers' 

Monument in said town of Dement 449 

An act to incorporate the Boone County Monumental Association 450 

An act to incorporate the Illinois Soldiers' Capital Monumental Home Association 453 

An act to enable the citizens of Whiteside county to build a Soldiers' Monument 454 

An act to provide for building a Soldiers' Monument in McLean county, Illinois 454 

NAVIGATION COMPANIES: 

An act to revive and continue in force an act therein named 455 

An act to incorporate the Rock River Navigation and Water Power Company 455 

An act to incorporate the Fox River Navigation and Manufacturing Company 460 

ODD FELLOWS : 

An act to amend an act entitled "An act to incorporate the Odd Fellows' Building 

Association of the City of Quincy," approved February 11, 1857 466 

An act to incorporate the Odd Feilows' and Masonic Hall and Orphan Asylum Associa- 
tion, of Sparta, Randolph County, Illinois 467 

ORPHAN ASTLUM : 

An act to incorporate the Orphan Asylum for Southern Illinois, at Cairo 469 

PARKS : 

An act to incorporate the Canton Driving Park Association 471 

An act to provide for the location, improvement and regulation of a park, for the towns 

of South Chicago, Hyde Park and Lake 472 

An act to amend "An act to provide for the location, improvement and regulation of a 
certain park therein named," approved February 16, 18b5 479 

PAUPERS : 

An act in relation to the support of paupers in the county of Lee 481 

An act to regulate and govern the support of the paupers of Cumberland county 481 

PLOW COMPANY: 

An act to incorporate the Saint Louis and Peoria Plow Company 482 

POLICE : 

An act to establish a police force for the city of East St, Louis 483 

POOR LAWS : 

An act to amend an act in relation to the poor in Stephenson county, approved Febru- 
ary 18th, 1861 490 

PRINTING AND PUBLISHING COMPANIES: 

An act to incorporate the Northwestern News Association 495 

An act to incorporate the People's Anti-Monopoly Publishing Company 497 

An act to amend an act entitled "An act to incorporate the Swedish Lutheran Publica- 
tion Society in North America," approved February 21, 1859 499 

An act to amend an act, entitled, "An act to incorporate the Religio-Philosophical Pub- 
lishing Associatioq," approved February 16, 1865 499 

An act to incorporate the DeKalb Printing Association 500 

An act to incorporate the Republic News Company 501 

An act to incorporate the National Printmg Company, of Chicago 503 

An act to incorporate the Peoria Transcript Company 505 

An act to incorporate the Post Printing Company of Chicago 507 

An act to incorporate the Galesburg Times Company 509 

An act to incorporate the Prairie Farmer Company 510 

An act to incorporate the East Saint Louis Tribune Company 512 

An act to incorporate the Quincy Times Company 513 

An act to incorporate the Northwestern Associated Press 515 

An act to incorporate the Franklin Printing and Publishing Company 516 

An act to incorporate the Macoupin Printing Company 517 

An act to incorporate the Chicago Newspaper Company, called the Chicago Age 519 



CONTENTS. IX 

RAILROADS : pagb. 

An act to incorporate the Hancock Branch Railroad Company 521 

An act to incorporate the Peoria and Wenona Railroad Company 522 

An act to incorporate the Lostant and Kankakee Railroad Company 527 

An act to authorize subscription to the stock of the Carthage and Burlington Railroad^ 

Company •. ■ • • ••.••• -S^S 

An act to repeal an act entitled "An act to authorize the inhabitants of the township of 
Sycamore! in DeKalb county, to subscribe additional stock to the Sycamore and 

Courtland Railroad Company" 534 

An act to incorporate the Uilman, Clinton and Springfield Railroad Company 534 

An act to incorporate the Chicago and Indiana Railroad Company 538 

An act to incorporate the Quincy and Peoria Railroad Company 543 

An act to incorporate the Chicago Blue Island and Indiana Railroad Company 545 

An act to incorporate the Indiana and Chicago Railroad Company 548 

An act to incorporate the Havana and Macomb Railroad Company 551 

An act to amend an act entitled "An act to incorporate the Freeport and State Line 

Railroad Company," approved February 14, 1857 553 

An act to incorporate the Clayton and Whitehall Railroad Company 553 

An act to incorporate the Broadway and Dyke Railway Company, of East St. Louis 556 

An act to incorporate the Cairo and Vincennes Railroad Company 558 

An act to incorporate the Quincy, Beardstown and Northeast Railroad Company 562 

An act to incorporate the Centreville Railroad Company 566 

An act in aid of the Hannibal and Naples Railroad (Company 567 

An act to incorporate the Tuscola, Charleston and Vincennes Railroad Company 568 

An act to incorporate the Bristol Railroad Company 572 

An act to incorporate the Fairbury, Pontiac and Northwestern Railway Company 575 

An act to incorporate the El Paso, Pontiac and Kankakee Railway Company 580 

An act to amend an act entitled "An act to incorporate the Wilmington and Monee 

Railroad Company." 585 

An act to incorporate the Court Creek Railroad Company 585 

An act to incorporate the Monee, Crete and Dyer Railroad Company ..588 

An act to amend an act entitled "An act to incorporate the Rock Island and Peoria_ 

Railroad Company," approved February 34, 1855 591 

An act to incorporate the Camp Point and Whitehall Railroad Company 591 

An act to incorporate the Mascoutah and Lebanon Railroad Company 594 

An act to incorporate the Illinois Grand Trunk Railway 595 

An act to incorporate the Belvidere and Illinois River Railroad Company 599 

An act to authenticate and confirm the incorporation of the Western Union Railroad 
Company, and the consolidation thereof with a certain railroad company in the state 

of Wisconsin, and to grant rights of traB«pt«'tation by water 603 

An act to incorporate the Dixon, Peoria and Hannibal Railroad Company 604 

An act to incorporate the Cheetef-snd Centralia Railroad Company 609 

An act to provide for a south-eastern extension of the Pana, Springfield and North- 
western Railroad, and to incorporate the South-eastern Railroad Company 614 

An act to amend an act entitled "An act to incorporate the Monticello Railroad Com- 
pany, and the act amendatory thereof," approved February 16. 1865 ..620 

An act to amend "An act to incorporate the Ottawa and Oswego Fox River Valley Bail- 
road Company," approved June 21, 1852 -. 621 

An act to amend an act entitled "An act to reduce into one act the general acts incor- 
porating and relating to the Warsaw and Rockford Railroad Company," and to amend^ 

the same 622 

An act to incorporate the Carthage and Burlington Railroad Company, and authorize 

certain towns to take stock and levy a tax to pay the same 622 

An act to incorporate the Belvidere and Ottawa Railroad Companv 628 

An act to amend an act entitled "An act to incorporate the St. Louis, Shelbyville and 

Tolono Railroad Company," approved February 19th, 1867 ..636 

An act to revive and amend an act to incorporate the Chicago, Amboy and Upper Mis- 
sissippi Railroad Company 636 

An act to incorporate the Havana, Lincoln and Champaign Railroad Company 637 

An act to incorporate the Louisiana and Pike County Railroad Company 640 

An act to amend an act entitled "An act to incorporate the Northern Railway Com- 
pany," approved February 15, 1865.- 641 

An act to incorporate the Aroma and Kankakee Railroad Company 642 

An act to incorporate the Beardstown, Rushville and Keokuk Railroad Company 642 

An act to incorporate the Quincy, Alton and St. Louis Railway Company . 644 

An act to incorporate the Murphysboro and Shawneetown Railroad Company 648 

An act to incorporate the Hamilton, Lacon and Eastern Railroad Company 654 

An act to incorporate the Danville and Indianapolis Railway Company 658 

An act to incorporate the Peoria and Rock Island Railway Company 659 

An act to incorporate the Grafton and Alton Railroad Company .667 

An act to authorize the board of supervisors of Fulton county to make an appropriation 
to aid in extending the Peoria and Hannibal Railroad through the county, and to 

levy a special tax for the payment of the same 670 

An act to amend an act entitled "An act to incorporate the St. Louis, Vandalia and 
Terre Haute Railroad Company." 671 

Vol. II— 2 



X - CONTENTS. 

RAILROADS : pagb. 

An act to amend the charter of the Belleville and Southern Illinois Railroad Company, 

approved February 14, 1857, and the several acts amendatory thereto 630 

An act to authorize a portion of the citizens of Madison county, Illinois, to subscribe to 

the capital stock of certain railroads and Improvements therein named 681 

An act to incorporate the Vincennes and Pana Railroad Company 682 

An act to incorporate the Illinois Cross Railroad Company ' 685 

An act to incorporate the St. Louis, Shelbyville and Tolono Railroad Company . .687 

An act to legalize the organization of "The Nauvoo and LaHarp extension of the Cen- 
tral Central Pacific Railway Company," and the subscription to the stock thereof, and 

to incorporate the same 692 

An act to incorporate the Lisbon Branch Railroad Company 695 

An act to incorporate the Wyanet and Pond Creek Railway and Carrying Company. . .696 

An act to incorporate the Pekin, Lincoln and Decatur Railroad Company 698 

An act to authorize the Chicago and Wilmington Coal Company to construct a railroad 

from its lands to the Kankakee river, and to the Chicago, Alton and St. Louis Railroad 707 
An act to amend the charter of the Peoria, Pekin and Jacksonville Railroad Company. 707 
An act to amend the charter of the St. Louis, Alton and Rock Island Railroad Com- 
pany 709 

An act to incorporate the Jacksonville North- Western and South-Eastern Railway Com- 
pany 709 

An act to amend an act entitled "An act to incorporate the Northern Railway Company."716 

An act to incorporate the South-Western Branch Railroad Company 717 

An act to incorporate the Joliet and Aurora Railroad Company 72S 

An act to incorporate the La Salle and Chicago Railroad Company 728 

An act to incorporate the Rock Island and Gaiva Railway 731 

An act to enable the Michigan Southern and Northern Indiana Railroad Company to 

acquire and hold real estate 732 

An act to incorporate the Illinois River Valley Railroad Company 733 

An act amendatory of an act entitled "An act to incorporate the Grayville and Mattoon 

Railroad Company," approved February 6, 1867 736 

An act to incorporate the Illinois Farmers' Railroad Company 737 

An act to incorporate the Mississippi River and Wisconsin State Line Railroad Company. 745 

An act to incorporate the Illinois South-Eastern Railway Company 750 

An act to incorporate the Chicago and Illinois River Railroad Coinpany 756 

An act to amend the articles of association of the Danville, Urbana,"Bloomington and 
Pekin Railroad Company, and to extend the powers of and confer a charter upon the 

same 758 

An act to incorporate the La Fayette. Bloomington and Mississippi Railroad Company. .765 

An act to incorporate the Decatur and East St. Lonis Railroad Company 770 

An act to incorporate the Forreston and Chicago Railroad Company 775 

An act concerning the Mount Carbon Coal and Railroad Company 779 

An act to incorporate the Freeport and Monroe Railroad Company 781 

An act to amend an act entitled "An act to incorporate the Chicago and Plaintield Rail- 
road Company 786 

RECORDS : 

An act to aid in restoring the records of the Board of Supervisors of Iroquois county, 

and to legalize the same, when so restored 786 

An act concerniag the records of Cumberland county 788 

An act in relation to the records of Winnebago county 789 

An act in relation to the records of Madison county .790 

An act to authorize certain records to be transcribed .791 

An act to authorize the transcribing of certain records in Hamilton and Franklin counties.792 

RELIEF : 

An act iot the relief of the heirs at law of Edward Bement 793 

An act for the relief of the town of Manteno, Kankakee county, in the matter of assess- 
ments 793 

An act for the relief of Frederick D. S. Stewart 794 

An act for the relief of Mrs. Julia Ann Avery 795 

An act for the relief of the citizens of the American Bottom, in St. Clair county 795 

An act for the relief of Hector S. Humphrey, late treasurer of Kendall county 797 

An act to amend "An act for the relief of the inhabitants of township S N., R. 10, and 
of the inhabitants of township No. 3 N., R. 9 W., in Madison county, Illinois," ap- 
proved February 16, 1857 797 

An act for the relief of Johnson county 798 

An act for the relief of the Collinsville and St. Louis Plank Road Company 799 

An act for the relief of the village of Naperville, in the county of Du Page 800 

An act for the relief of the tax payers of school district number one, in the town of 

Evanston, Cook county 800 

An act for the relief of Wabash county 801 

An act for the relief of Union District, No. 7, in Saline county 801 



CONTENTS. XI 

RELIEF : pags. 
An act authorizing the county court of Montgomery county to make an appropri- 
ation for the relief of William M. Witherspoon 802 

An act for the relief of Elizabeth Lane, administratrix of Samuel Horine, deceased..803 

An act for the relief of the Collinsville Plank Eoad Company 803 

An act for the relief of the school fund of township eleven north, of range three 

west, 3 p. M 804 

An act to amend an act entitled "An act for the relief of the heirs and assigns of 
John Wilson, deceased," approved January 28, 1857 804 

RIVER IMPROVEMENTS, ETC.: 

An act supplementary to an act to make certain improvements on the Wabash river 
and its tributaries, approved February 16, 1865 805 

An act to amend an act entitled "an act to amend 'an act to provide for the con- 
struction of a levee from Prairie du Pont village, in St. Clair county, to Harrison- 
ville, in Monroe county,' approved February 24,1869, and to declare the commis- 
sioners appointed by virtue of said act a body corporate, under the name and 
style of the St. Clair and Monroe Levee and Drainage Company," approved 
February 16, 1865 806 

An act to continue in force an act entitled "An act to incorporate the Harrison- 
ville Levee and Drainage Company," and to amend the same 807 

An act to amend an act entitled "An act to levee and make certain improvements 
on the Wabash river, and its tributaries," approved February 16, 1865 808 

An act to amend an act approved February 19, 1859, entitled "An act to authorize 
the drainage of lands and the construction of levees, embankments [and roads] 
in Madison county, Illinois." 808 

An act to authorize Frederick Post to build a dam across Fox river 808 

An act to construct a mill dam across Fox river, in McHenry county 809 

An act to authorize Franklin Blair and Daniel Reed, jr., to build a mill dam across 
Pecatonica river, in Winnebago county 810 

An act to incorporate the Marseilles Land and Water Power Company 810 

REVENUE: 

An act to authorize the county court of Montgomery county to increase the county 
revenue 812 

RESTORATION TO CITIZENSHIP : 

An act to restore Joseph G. Webb to citizenship 812 

An act to restore Hamilton Nation to the rights of citizenship 813 

An act to restore William B. Mecham to citizenship 813 

An act to restore certain persons to citizenship 813 

An act to restore William Kile to citizenship 814 

An act to restore certain persons therein named to citizenship 814 

An act to restore Frederick Scott to citizenship 815 

An act tor the relief of John D. Walters 815 

ROADS : 

An act to establish a state road from Fairfield, in the county of Wayne, to Clay 

City, in the county of Clay 815 

An act to re-locate a part of a state road therein named 817 

An act to establish a state road from Mattoon on westward 817 

An act to establish a state road therein named 819 

An act to locate a state road from Chebanse, in Iroquois county, to Odell, in Livings- 
ton county 819 

An act to establish a state road from Fairfield, in Wayne county, to Noble in Rich- 
land county 821 

An act to locate a state road from Mendota, in La Salle county, to Arlington, in 

Bureau county 822 

An act to authorize the board of supervisors of Knox county to fix the rates of 
commutation of road labor, and to determine what shall be a lawful fence in said 

county 825 

An act to incorporate the trustees of the Lake street and County Line Road 825 

An act to perfect surveys in Mason county and to modify the road law therein 830 

An act to incorporate a plank or gravel road from Decatur, Illinois, to Maroa, Illi- 
nois, to be named the "Macon County Illinois Plank and Gravel Road Com- 
pany," with power of constructing branches thereto 831 

An act to incorporate the Alton and Edwardsville McAdamized Road Company 836 

An act to amend an act entitled "An act to amend an act entitled 'an act to locate 
and establish certain state roads therein named, through the counties of Perry, 

Randolph and Jackson,' " approved February 15,1865 840 

An act to vacate certain roads therein named 841 

An act to incorporate the Cumberland Graded Road Company 841 



ill CONTENTS. 

ROADS : PAGE. 

An act to change and re-locate a part of a state road therein named in Perry county.. 842 
An act to relocate a part of the state road leading from "Warsaw to Carthage, in 

Hancock county 843 

An act to locate a state road on the county line between the counties of Clinton and 
St. Clair, connecting the St. Louis and Vincennes and Belleville and Hanover 
Eoads 844 

BUILDING COMPANY: 

An act to incorporate the Highland Park Building Company 845 

CHANGE OF NAME : 

An act to change the name of Rachel Paul 846 



PRIVATE LAWS. 



HEDGE TKIMMEE COMPANY. 



AN ACT vo incorporat8 the American Hedge Trimmer Company. 



Tn force March 
5.18CT. 



SectiOxX 1. Be it enacted hy the People of the State of 
llknois, represented in the General Assetnbly, That Henry 
L Brjant, Townsend Atwater. Amos C. Babcock, David 
Oliver, Christian Bidaraon, Kobert Dilworth and William 
Babcock, and their associates, successors and assigns, be and 
they are hereby created a body corporate and politic, by 
the name and style of the "American Hed^e Trimmer ^ 
Company," and by that name they and their successors ""'""^ "^^ '^^^'^ 
shall have perpetual succession, and be capable in law of 
contracting and being contracted with, suing and beino- 
sued, of having and using a common seal, ot^ purchasin J^ 
holding and conveying real and personal estate for the pur- 
poses of this act, and of doing all things which individuals 
might or could do, to carry into effect and operation the 
ob)^ects and purposes of this incorporation, 
rf ^?;. 'TJ^ 6 objects of this corporation are the manufacture obiect^ 
ot "Oliver's Patent Hedge Trimmer," and the planting and 
trimming hedges of Osage orange, or other plants. 

h, I ^Ti^^ ''^'^'}^^ if""'^ ""^^^^^^ company shall be one capital .took. 
hundred thousand aollars, with power to increase the same 
to two hundred and fifty thousand dollars, to be subscribed 
and paid tor m the manner which may be prescribed by 
theby-laws to be adopted by said company, and shall be 
divided into shares of one hundred dollars each, which 
shall be deemed personal property, and shall be transfera- 
ble on the books of said company, in such manner as its 
by-laws may prescribe. The capital stock shall be paid in 
at the time and in the installments required by the directors, 
and when five thousand dollars shall have been subscribed, 
the company may then proceed to business. 

§ 4. The said corporation shall have power to borrow Borrow monev 
money, ana may secure the payment of the same by deed 
ot trust, mortgage or other security. 

§ 6_. The corporation hereby created shall be under the Mana<remeat 
direction of such number of directors as the stockholders 
may, from time to time determine, and until otherwise 
Vol. II — 1 



"•Z HORSE EAILAVAYS. 

ordered, tlie number of directors shall be seven. Such 
directors shall be stockholders, and shall be elected by the 
stockholders, at such time and in such manner as the l)y- 
laws shall provide, and shall hold their offices tor the terms 
for which they were elected, and until their successors are 
elected. 

First board of § G. Henry L. Brvant, Townsend Atwater, Amos C. 

directors. ^abcock, David Oliver, Christian Bidamon, Robert Dil- 
worth and William Babcock, shall constitute the first board 
of directors under this act, and shall act as such until their 
successors are elected. 

Quorutn-by- g 7. The directors of said company, a majority of whom 
shall constitute a quorum, shall have and exercise (unless 
otherwise ordered by the stockholders,) all the powers hereby 
conferred on said corporation, and may elect such officers and 
agents, and make such by-laws, rules and regulations, (not 
inconsistent with the laws of this state) for carrying into 
effect the objects of this act, as to them shall seem expedient. 
'• § 8. This act shall be deemed a public act, and be in 
force from and after its passage. 
Approved March 5, 1867. 



In force Febru- A.N ACT to incorporate the Urbana and Chamnaisrn Horse Railwav 
^-■y 25, 1867. Company. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly, That Edward 
Atre, Daniel Gardner and Clark R. Griggs, a^d their suc- 
cessors and assigns, be and they are hereby created a body 

Name and style corporate and politic, fcy the name and style of the "Urbana 
and Champaign Horse Railway Company,"' for the term of 
one hundred years, with all the provisions, powers and 
authority incident to corporations, for the purposes herein- 
after mentioned. 

^""'°"* § 2. Said company is hereby authorized and empowered 

to construct, maintain and operate a single or double track 
railway, with all necessary and convenient tracks for turn- 
outs, sidetracks, switches and appendages through the 
cities of Urbana and Champaign, in the county of Champaign, 
Illinois, and in and over and along such streets, highway or 
highways within the present or t'uture corporate limits of 
said^ities of Urbana and Champaign : Provided, that in 
maintaining and operating said road, they shall not mate- 
rially obstruct the common travel of the public on said 
■streets or highways ; and in all cases where vehicles shall 
meet said cars or carriages, of said railway, in either of said 
cities, said vehicle shall give way to the cars or carriages of. 
said railway. 



HORSE RAILWAYS. 6 

§ 3. The capital stock of said corporation shall be ten capuai stock, 
thousand dollars, and may be increased from time to time, 
at the pleasure of the corporation. The capital stock shall 
be divided into shares of one hundred dollars each, and be 
issued and transferred in such manner, and upon such con- 
ditions as the board of directors of said company may direct. 

§ Jr. All the corporate powers of said corporation shall Governmeiit 

,"',,. J ^ • J 1 1 1 .• 1 • i. T and officers. 

be vested m and exercised by a board of directors, and 
such officers and agents as said board shall appoint. The 
first board of directors shall consist of Edwin Atre, Daniel 
Gardner and Clark R. Griggs, and thereafter not less than 
three directors to be chosen every year, by the stockholders, 
at such time and in such manner, as said corporation by 
their by-laws maj' direct. The said directors shall hold 
their offices until their successors are elected and qualified; 
and may fill vacancies which may occur in the board 
of directors, either by death, resignation or otherwise; they 
may also adopt such by-laws, rules and regulations for the 
government of said corporation and management of its 
aflairs and business as they may think proper, not incon- 
sistent with the laws of this state. 

§ 5. The said corporation is authorized and empowered ^ndebtednesi. 
to borrow from time to time, such sums of money as in 
their opinion may be deemed necessary to aid the construc- 
tion and operating said railway and pay any interest thereon 
not exceeding ten per cent, and to pledge and mortgage 
their said railway, and its appendages or any part thereof, 
or any other property, efl"ects, rights and credits or appen- 
dages of said company as security for any loan of money or 
interest thereon, and to dispose of the bonds issued by such 
board of directors, at such rates or on such terms as the 
board of directors may determine ; and shall have the right 
to take mortgage, and convey personal or real property, 
for the purposes contemplated in this act. 

§ 6. Said company may organize whenever the sum of organization, 
ten thousand dollars shall have been subscribed to its capi- 
tal stock, and five per cent, thereof, paid in, and the persons 
named in the first section of this act, shall be commissioners 
to open books for the purpose of receiving subscriptions to 
the capital stock of said company. 

§ 7. This act shall be deemed a public act, and be in CMistruetion of 
force from and after its passage, and shall be liberally con- 
strued in all courts or places, for the benefit of the objects 
herein contemplated. 

Approved February 25, 1867. 



HORSE KAILWATS. 



force Feb'y 
25, 1867. 



AN" ACT to incorporate the Jacksonville Railway Company. 



KigMs and pri 
TiJe^es. 



Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Cyrus 
Epler, Felix G. Farrel], Isaac L. Morrison, Murray McCon- 
nell, James H. Lurton, James Dunlap, Moore C. Goltraand 
J. T. Springer, of the town of Jacksonville, in the state of 
Illinois, and their successors, heirs and assigns, be and they 
are hereby created a body corporate and politic, by the 
^-anie and style name and style of the "Jacksonville Railway Company," 
with perpetual succession, and by said name and style may 
sue'and be sued, plead and be impleaded, defend and be 
defended in ail courts and places, and have and use a com- 
mon seal, which they may alter and renew at pleasure, and 
have all the powers and authority incident to corporations, 
for the purposes hereinafter mentioned. 

§ 2. The said corporation is hereby authorized and em- 
powered and shall have the exclusive right and privilege to 
construct, maintain and operate a single or double track horse 
or steam railway, for thirty years, with all necessary and con- 
venient tracks for turnouts, sidetracks and appendages, in 
the town of Jacksonville, in the state of Illinois, and in, 
on, over, across and along any and all the avenues, streets, 
public grounds, squares and alleys, within the present and 
future corporate limits of said town, and within its present 
and future additions, and in. on, across and along any and 
all highways connecting with said avenues, streets and al- 
leys, and being and running beyond said corporate limits 
for the distance of one mile beyond said corporate limits for 
the purpose of carrying persons and things, and also shall 
have power to make all contracts, and own and use all pro- 
perty real and personal, that may be deemed necessary by 
said corporation, to carry out the objects aforesaid. 

§ 3. The capital stock of said corporation shall be fifty 
thousand dollars, and may be increased from time to time 
at the pleasure of said corporation, and it shall be divided 
into shares of fifty dollars each and be issued and trans- 
ferable in such manner and upon such terms as said cor- 
poration or any future board of directors of said corpora- 
tion may order. 

§ 4. All the corporate powers of said corporation shall 
be vested in and exercised by a board of directors, and such 
officers and agents as said board shall appoint, and the first 
board of directors shall consist of the persons whose names 
appear in the first section of this act, whose term of office 
shall run for one year from the date of the organization of 
said company ; and thereafter said board shall consist of not 
less than three nor more than seven, who shall always be 
stockholders in said corporation, and whose term ot office 
shall be one year and until their successors are chosen and 



Capital stock. 



HOKSE RAILWAYS. 5 

qualified, and they shall be chosen by the stockholders, at 
such time and place and in the manner as said corporation 
shall by its by-laws prescribe ; and said stockholders shall 
have the right to cast one vote for each share of stock owned 
by them, either in person or by proxy, duly authorized by 
wntten appointment, filed with the records of said corpora- 
tion, at all elections held by said stockholders, and said 
board may till all vacancies therein, that may happen either 
by death, resignation or otherwise. 

§ 5. Said directors may adopt such by-laws, rules and By-laws, 
regulations for the government of said corporation and the 
management of its business and affairs as they may think 
proper, not being iuconsistent with the laws of this state. 

§ 6. The said corporation is authorized and empowered inJebtednes?. 
to borrow from time to time, such sums of money as may 
be necessary to aid the construction and operation of said i 

railway, and to issue bonds therefor, and pay any interest, 
not exceeding ten per cent, per annum, and to pledge and 
mortgage said railway and its appendages and profits, or 
any part thereof, as security lor any such loan of money or 
bonds, and to dispose of the bonds issued for such loan, on 
such terms as said board of directors may determine. 

§ 7. Said corporation shall have power to procure the Right of way. 
right of way over any lands over which the corporation may 
desire to lay any part ot their said railway, by proceeding 
under and in conformity with the laws of the state ot Illi- 
nois touching the right of way for public roads or railways, 
and- may purchase, hold, mortgage and convey real estate, 
and use and contract in regard to the same, to as full an ex- 
tent as natural [persons] can or might do. 

§ 8. A majority of said persons whose names appear in Subscription to 
the first section of this act, or their successors, heirs or as- 
signs may open books for subscription to the capital stock 
of said corporation, and when ten thousand dollars shall have 
been subscribed to its capital stock, and five per cent, thereof 
paid in, said majority of said persons so named in said first 
aforesaid section and their successors, heirs and assigns, may 
organize said company : Provided., however, the same shall 
be so done, and said corporation shall commence laying the 
track of their said railway, within three (3) years and com- 
plete the same within five (5) years after the passage of this 
act on any street or part of street in said town of Jackson- 
ville, and have the same in running order and in operation. 

§ 9. Said corporation shall not so construct their rail- ^ganle."""* 
way, or lay down the tracks thereof, as to unnecessarily ob- 
struct or prevent the public traveling over said avenues, 
streets, alleys and highways : And provided^ that the grade 
and gauge of said railway, and the motive powers shall be 
approved by the common council of said town of Jackson- 
ville, and the said corporation shall forfeit their right to any 
street or parts of street, over which said railway may be 



;on. 



t> HOKSE KAILWAY8. 

built, if at any time they shall cease to operate the same for 
six months, atan}- one time. 
Future legisia- § 10. This act and all powers and right derived there- 
from, shall forever be and remain subject to all future gen- 
eral legis^ation of this state upon the subject of rates of fare 
for passengers and freight. 

§ 11. This act shall be deemed and taken to be a pub- 
lic act and take effect and be in force from and after its 
passage. 

Appkoted February 25, 1867. 



In force Feb'v AN ACT to incorporate the Rockford Horse Railway Company. 

23,1867. 

Section 1, Be it enacted by the People of the State of 
Illinois^ rejpre^ented in the Geneixd Assembly^ That A. J. 
Enoch, W. G. Rea, James B. Agard, Charles O. Upton, 
Harvey Bartlett, Moses Bartlett, D. L. Bartlett, Thomas 
Butterwurth, Henry Fisher, A. S. Buell and H. P. Holland, 
of the city of Eockford, and their associates and successors, 
be and they are hereby created a' body politic and corporate 

T'^ame and style by the name and style of "The llockford Horse Eailway 
Company," for the term of fifty years, with all the powers 
and authority incident to corporations for the purposes here- 
inafter mentioned. 

Powers. § 2. The said corporation is hereby authorized and em- 

powered, and shall have the exclusive right to construct, 
maintain and operate a single or double track railway, with 
all necessary and convenient sidetracks and tracks for 
turnouts and appendages in, on, over and along such street 
or streets, highway or highways, bridge or bridges within 
the present or future limits of said city of Kockford, as the 
common council of said city may authorize said corporation, 
in such manner and upon such terms and conditions and with 
such rights and privileges as said common council may by 
ordinance or by agreement with said corporation prescribe. 

Property. | 3. The Said corporation shall have power to purchase 

and hold real estate for the purpose of erecting thereon 
such buildings as may be necessary for the purpose of ope- 
rating and maintaining its said railway. 

Bridges— loca- § tt. The Said corporation is hereby authorized and em- 
powered to erect and maintain, for its own nses, such 
bridge or bridges across Rock river, and any other stream or 
streains of water within the present or future limits of said 
city of Rockford as may be necessary to operate and main- 
tain its said railway. Said bridge or bridges are to be con- 
structed at such point or points as the common council of 



HORSE EAILWAYS. i 

the said city of Kockford may. by ordinance or otherwise, 
prescribe. 

§5. The persons named in section one of this act, or capital stock. 
any seven of them, may open books for subscription to the 
capital stock of said corporation, which shall be fifty thou- 
sand dollars, divided into shares of one hundred dollars each; 
and said capital stock may be increased from time to time, 
as the exigencies of said corporation may require. Upon 
subscriptiuii being made to said capital stock of twenty 
thousand dollars, and ten per centum thereof paid in, a ma- 
jority ot said persons named in section 1 of this act may 
call a meeting of the stockholders of said corporation for 
the election of not less than five nor more than seven direc- Directors. 
tors of said corporation, which directors shall hold their 
office Ibi one year, or until their successors in office are 
duly elected and qualified ; and such directors may appoint 
a president and other needful ofiicers for said corporation ^ofher^officer?^ 
who shall hold their office for like term with said directors, 
unless sooner removed. At all elections each stockholder vote of stock- 
shall be entitled to one vote for each share of stock by him ^°'^"''- 
held, and absent stockholders may vote by proxy; said di- 
rectors may fill, by appointment, any vacancy which may 
happen in their number, and they may adopt such by- 
laws, rules and regulations in reference to calls upon and 
transfers of stock, the government of said corporation and 
the management of its aftaixs and business, as they may 
think proper, not inconsistent with the laws of this state. 

§ 6. The said corporation is authorized and empowered indebtedness. 
to borrow, from time to time, such sums ot money as, in 
the opinion of the board of directors, may be necessary to 
aid in the construction of their said railway and its appen- 
dages, and to pay therefor any interest not exceeding ten 
per cent., and to pledge or mortgage the said railwa}', its 
appendages, or any part thereof, or any other property or 
effects of said corporation as security for any such loan of 
money and interest thereon ; and to issue bonds for such 
sums of money so borrowed, and said bonds shall be of 
such denomination as the board of directors may deter- 
mine : Provided, the aggregate amount of indebtedness so 
to be created, as herein provided for, shall not exceed the 
amount of cash actually paid in on the capital stock of said 
corporation. 

§ 7. This act, and all powers derived therefrom, shall Future legisia- 
forever be and remain subject to all future general legisla- 
tion of this state. upon the subject of rates of fare for pas- 
sengers and freight. 

8. This act shall be a public act, and shall take effect 
from and after its passage. 

Approved February 28, 18G7. 



HORSE KAILWATS. 



In torce Feb'y AN ACT to incorporate the Carlinville Horse Railway and Carrying 
16, 1867. Company, 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That John 
Dahoney, William B. Dugger, John T. McConnell, William 
Farrell and Henry Johnson, of the city of Carlinville, and 
their associates, successors, heirs and assigns, are hereby 
created a body politic and corporate, by the name and style 

Name and style of " The Carlinville Horse Eailway and Carrying Com- 
pany." 

stock subserip- § 2. A majorit}'' of said persons named in section one of 

"°°' this act, or their respective heirs, successors and assigns, 

may open books for subscription to the capital stock of said 
company, which shall be twenty-five thousand dollars, in 
shares of fifty dollars each ; and said capital stock may be 
increased from time to time, as the exigencies of said com- 
pany may require. Upon subscription being made to said 
capital stock of ten thousand dollars, and ten per cent, 
thereof paid in, a majority of said named persons may, or 
their respective successors, heirs and assigns, may call a 
meeting of the stockholders of said company for the elec- 
tion of five directors of said company ; such directors shall 
hold their offices for one year, and until their successors 
are elected, and they may appoint a president and other 
needful officers for said company, who shall hold their of- 
fices for like terms, unless sooner removed. 

Privieges. ^ 3. Upon such Organization, said conpany may and 

shall have 'the exclusive right and privilege to establish 
and operate upon and over the streets of the city of Carlin- 
ville, railways for carrying persons and things, for the term 
of twenty-five years from the passage of this act, with all 
the convenient appendages thereto, in such manner as the 
common council ot said city may by contract with said 
company hereafter prescribe. Said company shall have 
power and may exercise such powers as are or may be ne- 
cessary for the purposes contemplated by this act, not repug- 
nant to the laws of the United States or this state: Provi- 
ded, said company shall commence laying such track within 
five years from the passage hereof. 

Indebtedness. g 4, The Said Corporation is authorized and empowered 
to borrow, from time to time, such sums of money as in 
their opinion may be deemed necessary to aid the construc- 
tion of said railway, and pay any interest therefor not ex- 
ceeding ten per cent., and to pledge and mortgage the said 
railway and its appendages, or any part thereof, or any 
other property or effects, rights or credits or appendages of 
said company, as security for any loan of money and inter- 
est thereon, and to dispose of the bonds issued for such 



HOESE KAILWATS. 

loan at such rate or ou such terras as the board of directors 
may derermine. 

§ 5. This act shall be deemed and taken to be a public 
act, and take effect and he in force from and after its 
pahsatre. 

Approved February 10, 1867. 



AN ACT to incorporate the Lincoln Horse Railway and Carrying Companv. fn force Febru- 
^ . . o 1 - aryl9, l&e-. 

Section 1. Be it enacted hy the People of the State 
of Illinois^ rexireseiHed in the General Assembly, That 
Robert B. Latham, Wm. McGalliard, John Wyatt, Fr. C. 
W. Koelmle, Geo. S. Dana, Hu<?h Hemphill, Henry W. 
Dana, and their successors, be and they are hereby created 
a body politic and corporate, by the name and style of the 
" Lincoln Horse Railway and Carrying Company," fur the Name ami Mjie 
term of tifty years, with all the powers and authority inci- Term, 
dent to corporations for the purposes hereinafter mentioned. 

§ 2. That said corporation is hereby authorized and Powers, etc. 
empowered to construct, maintain and operate a single or 
double track railway, with all necessary and convenient 
tracks for turnouts, sidetracks' and appendages, in the city 
of Lincoln, county of Logan, state of Illinois; and in, on, 
over and along such street or streets, highway or highways 
within the present or future limits of the city of Lincoln, 
as the common council of said city have authorized said 
corporators, or any of them, or shall hereafter authorize said 
corporation so to do, in such m^anner and upon such terms 
and conditions, and with such rights and privileges as the 
said common council has or may, by contract with said 
company, hereafter prescribed. 

§ 3. The capital stock of said corporation shall be fifty capuai stock, 
thousand dollars, and may be increased from time to time 
at the pleasure of sa-d corporation. The capital stock shall 
be divided into shares of one hundred dollars each, and be 
issued and transferred in such manner and upon such condi- 
tions as the board of directors of said corporation may direct, 

§ *. All the corporate powers of said corporation shall ■^oardo'r^ffice 
be vested in and exercised by a board of directors and such tenure— vscan- 
officers and agents as said board shall appoint. The lirst 
board of directors shall consist of said R. B. Latham, Wm. 
McGalliard, John Wyatt, Fr. C. W. Koelmle and George 
S. Dana, and thereafter, of not less than three nor more 
than seven stockholders, who shall be chosen each and 
every year by the stockholders, at such time and in the 
same manner as said corporation shall, by its laws prescribe. 



10 



Indebtedness. 



Subscription. 



Notice of act. 



H0KSE RAILWAYS. 

The said directors shall hold their offices until their succes- 
sors are elected and qualified, and may till any vacancies 
which may happen in the board of directors, either by 
death,' resignation or otherwise; they may also adopt such 
by-laws, rales and regulations for the government of said 
corporation and the management of its affairs and business 
as they may think proper, not inconsistent with the laws ot 
this state. 

§ 5. The said corporation is authorized and empowered 
to borrow, from time to time, such sums of money as, in 
their opinion, may be deemed necessary to aid the construc- 
tion of said railway, and pay any interest therefor, not ex- 
ceeding ten per cent, and to pledge and mortgage the said 
railway and its appendages or any part thereof, or any 
other property or effects, rights or credits or appendages of 
said company, as security for any loan of money, and inte- 
rest thereon, and to dispose of the bonds issued for such 
loan at such rate or on such terms as the board of directors 
may determine. 

§ 6. Said company may organize whenever ten thousand 
dollars shall have been subscribed to its capital stock and 
five per cent, thereof paid in, and three of the persons men- 
tioned in the first section of this act shall be commissioners 
to open books for the purpose of receiving subscriptions to 
the capital stock of said company. 

§ 7. Said corporation shall be authorized to purchase, 
hold and convey real or personal estate necessary for the 
use of such corporation, and to manufacture materials, ma- 
chinery and rolling stock for the use of such corporation. 

§ 8. This act shall be deemed a public act, and noticed 
by all courts as such, without pleading, and shall take effect 
and be in force from and after its passage for the period of 
fifty years. 

ArpROYED February 19, 1867. 



^"J°i'^° fg^.'j™ AN ACT to incorporate the Alton and Upper Alton Horse Railway and 
" ' " Carrying Company. 



Corporators 



Style. 



Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That Cyrus 
Edwards, John Adkins, Eobert DeBow, Hiram N. Kendall, 
Charles E. Hall, John J. Mitchell, Henry C. Sweetzer, 
Washington T. Miller, John Topping, their associates and 
assigns, be and are hereby created a body politic and cor- 
porate by the name of "Alton and Upper Alton Horse Rail- 
way and Carrying Company " for the term of fifty years, 



HOKSE RAILWAYS. 11 

with all the powers and authority incident to corporations 
for the purposes hereinafter mentioned. 

§ 2. ' The said corporation is hereby authorized and em- Power to bmid 
powered to construct, maintain and operate a single or ^o"" i'^""'='y- 
doable track railway, with all the necessary and convenient 
tracks for turnouts, sidetracks and appendages in the city 
ot Alton and town of Upper Alton, in the county of Madi- 
son, Illinois; and in, on, over.and along such street or streets, 
highway or highways between said city and town as may 
be necessary forthe construction, opera; ion and maintenance 
of said road. 

S3. A maiority of said persons named in section one Books of sub- 

,. " , . ,_ .1 • • ^ 1 • seription— cap- 

ot this act, then* associates, successors and assigns, may uai stock- 
open books for the subscription to the capital stock of said ^^^'^^^' 
company, which shall be one hundred thousand dollars, in 
shares of one hundred dollars each; and said stock may be 
increased from time to time, as the exigencies of said com- 
pany may require. Upon subscription being made to said 
capital stock of twenty thousand dollars and tive per centum 
thereof paid in, a majority of said named persons, their 
associates, successors and assigns, may call a meeting of 
the stockholders of said company for the election of seven Election of di- 
directors of said company. Such directors shall hold their oToffic^^"'"'^'' 
offices for one year, and until their successors are elected ; 
and they may appoint a president and other needful offi- 
cers for said company, who shall hold their offices for like 
term, unless sooner removed. 

§ i. Upon such organization said company may and Monopoly. 
shall have the exclusive right and privilege to establish 
and operate, upon and over the streets of the city of Alton 
and town of Upper Alton and between said places, railways 
for carrying persons and things; but said corporation shall 
not be liable for the loss of any property or thing carried " 
on said railway, kept in and under the charge of its owner, 
his servant or agent. 

§ 5. To enable said corporation to construct said rail- Right of way. 
way, with all the necessary appendages, it is hereby vested 
with power to take and apply private property for the pur- 
pose and in the manner prescribed by an act entitled "An 
act to amend the law condemning the right of way for pur- 
poses of internal improvements," approved June 22, 1852, 
and the several acts amendatory thereof ; and may exercise 
all the powers conferred on railroad corporations by the 
25th and 26th sections of an act to provide for a general 
railroad incorporation, approved November 5, 1819. 

§ 6. Said corporation is hereby authorized to lay down ^tTack-orher^^ 
and maintain its said railway in, on, over and along any vehicles shaii 
street or streets in said city of Alton and town of Upper fi^^® *^« '^"'''"*- 
Alton, subject, however, to such restrictions as may be im- 
posed by the common council of the city of Alton, for said 
city, and by the trustees of the town of Upper Alton, for 



12 HOKSE KAIL WATS. 

said town, as hereinafter provided, and in, upon, over and 
along any common liighway between said places, but in 
such manner as not to obstruct the common travel of the 
public over the same. In all cases where vehicles shall 
meet the cars or carriages of said railway within said towns 
or between the same, said vehicles shall give way to said 
cars or carriages on said railway. 

couucii may § 7. The common couDcil of Said qity of Alton and the 
control track. tj.^g|-gQg gf g^j(j towu of Upper Altou may regulate the 
manner and places of laying said railway tracks by said 
cumpany, and may prohibit, by ordinance, said company 
from laying tracks at such places as may be deemed inju- 
rious to the public. 

Borrow money. § 8. Tho Said Corporation is authorized and empowered 
to borrow, from time to time, such sums of money as, in 
their opinion, ...ay be deemed necessary to aid the coustruc- 

interest. tion of Said railway, and pay therefor any interest, not to 

exceed ten per cent, and to pledge and mortgage said rail- 
way and its appendages or any part thereof, or any other 
property or effects, rights or credits or appendages of said 

Security for company, as security for any loan for any money and inte- 
loan. rest thereon, and to dispose of the bonds issued for such 

loan at such rate or on such terms as the board of directors 
may determine. 

Future legisia- | 9. This act and all rights and powers derived there- 
from shall forever be and remain subject to all future gene- 
ral legislation of this state, upon the subject of the rat'es of 
fare for passengers and freight. 

Rights, priviie- § 10. This act and all the rights, privileges, immunities 

nuie^'^'™™"' ''ind franchises thereby granted to and vested in the several 

persons named in the first section thereof, shall cease and 

be of no force or effect in case the said railway shall not be 

Must be built in constructed and finished within two years from and after its 

two vears. 

^ passage. 

§ 11. This act shall take effect and be in force from 
and after its passage. 

Approved February 20, 1867. 



In i 



orcc Feb'y AN ACT to incorporate the Bloommg-ton and Xormal Horse Railway 

lO 1CCT ^ ~ ~ -^ 



19, 1867 



Companj. 



Section 1. J]e it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That John 
corporatn-s. L. Routt, Norval Dixou, Lvman Ferre, Warren C. Wat- 
kins, Jesse W. Fell, Owen "T. Reeves, W. A. Pennell, C. 
G. Bradshaw, J. A. Wilson, R. H. Holder, and all such 
persons as shall become stockholders in the company 



HORSE RAILWAYS. 



hereby incorporated, shall be a body corporate and politic, 
by the name and style of '^ The Bl(»omingrnn and formal style. 
Horse Railway Company," and under tliat name and style 
shall be capable ot suing and being sued, impleading and 
being im}>leaded, defending and being defended against, 
in law and equity, in all courts and places whatsoever, in 
like manner and as fully as natural persons. Said corpora- 
tion may make, have and use a common seal, and change. Powers in law, 
alter and renew the same at pleasure, and by its corporate 
name and style shall be capable in law of contracting and 
being contracted with, and shall be and hereby is vested 
with all the powers, privileges, franchises and immunities, 
including the right of acquiring by purchase or otherwise, 
and holding and conveying all such real estate and personal 
property as may be needful or convenient to fully carry out 
and into effect the purposes and objects of this act. The 
corporation hereby created shall continue for a period of 
tifty years. 

§ 2. The said corporation is hereby authorized and em- Railway track, 
powered to construct, maintain and operate a single or 
double track railway, for the transportation of persons and 
property, with all convenient sidetracks, and turnouts and 
appendages, in, over, on and along any and all street or 
streets, highway or highways, bridge or bridge^=, within the 
present or future limits of the city of Bloomington and 
towns of Bloomington and Normal ; and also in, over, on 
and along any and all street and streets, highway or high- 
ways, bridge or bridges within the present or future limits 
of the village of Normal, in the county of McLean, and 
state of Illinois, in such manner as shall not obstruct the 
public travel over, on and along said street or streets, high- 
way or highways, bridge or bridges, and from time to time changes— croas- 
to change, alter, enlarge and extend the location thereof, ^°^''' 
and to cross the track or tracks of any other railroad or 
railroads upon any of its routes : Provided,, that said cor- ProTiao. 
poration shall, before laying down any track or tracks of 
said railv.-ay or railways in the said city of Bloomington, or 
village of Normal, procure the consent of the city council 
of said city of Bloomington, or of the corporate authorities 
of the village of Normal, to the laying down of such track 
or tracks : Provided further^ that the line of said railway p*°'"^''- 
from the city of Bloomington to the village of Normal shall 
pass at or near the crossing of the Illinois Central and 
Chicago & Alton railroads ; and that said company shall 
complete a single track railway from the court house 
square, in the city of Bloomington, to the village of Nor- Tune gi^^e^^r 
mal, in one year from the time when the city council of years monop- 
said city of Bloomington shall give their consent to the °''^' 
laying down of such track from the court house square to 
the northern limits of said city. Upon the organization of 
said company as hereinafter provided, the said corporation 



14 



HOESE KAILWAYS. 



shall have the exclusive right for twenty years to construct, 
maintain and operate horse railways in the present and 
future corporate limits of the village of ITormal, and in all 
that part of the town of ISTormal, McLean county, not in- 
cluded in the present limits of the city of Bloomington. 

Locomotion. g 3. The cars or carriages of said railway company 

shall not be propelled by other than animal power, without 
the consent of the common council of the city of Blooming- 
ton, and the corporate authorities of the village of J^ormal. 

Capital stock. § 4. The Capital stock of said company shall be fifty 
thousand dollars, and may be increased from time to time 
at the pleasure of said corporation. It shall be divided 
into shares of one hundred dollars each, and shall be i~sned 
and transferred in such manner and upon such conditions 
as the board of directors may direct. 

Direetoi-g. | 5. All the Corporate powers of said company shall be 

vested in and exercised by a board of directors, and such 
officers and agents as they shall appoint. The first board 
of directors shall consist of the said John L, Routt, Xopval 
Dixon, Lyman Ferre, Warren C. Watkins, Jesse W. Fell, 
Owen T. "Reeves, W. A. Pennell, 0. G. Bradshaw, J. A. 
Wilson, R, H. ELolder, and thereafter, of not less than three 
nor more than six stockholders, who shall be chosen every 
year by the stockholders, each share of stock having one 
vote, to be given by the holder thereof, in person or by 
proxy; such directors to continue in ofiice until their suc- 
cessors are elected and qualified, 

§ 6. The said corporation, b,y its board of directors, to 
make, ordain and establish all such by-laws, rules and regu- 
lations as said directors shall deem needful and expedient 
to carry into effect the purpose of this act, and for the well 
ordering, regulation and management of the affairs and 
business, and interests of said company : Fravided^ the 
same shall not be repugnant to this act, or the laws and 
constitution of this state or the United States. The said 

Rates of toll, dircctors shall have power to levy and collect such rates of 
toll for the transportation of persons and property as they 
may deem best : Provided, that said corporation shall never 
charge more than ten cents for carrying a passenger over 
any of the lines of said railway. 
Authority to ^ 7. The Said corporation is hereby authorized and em- 
borrow money. pQ^.gj.g(j ^q borrow fVom time to time such sums of money 
as, in the opinion of its board of directors, may be deemed 
necessary to aid in the construction and equipment of said 
railway or railways, and to pay interest thereon not exceed- 
ing ten per cent., and to pledge or mortgage the said rail- 
way or railways, or any part thereof, or any other property 
belonging to said company, as security for any loan of 
money or interest thereon, and to issue bonds of said com- 
pany for such loan, on such terms and at such rates as the 
board of directors may determine. 



Rules aad 
laws. 



HORSE RAILWAYS. 15 

§ 8, The said company may organize whenever twenty whon they may 
thousand dollars shall have been subscribed to its capital °'2"°''^^- 
stock, and live per cent, thereof paid in. 

§ 9. This act shall be deemed and held to be a public 
act, and shall be in force from and atter its passage. 

Approved February 19, 1867. 



AN ACT to incorporate the Ottawa City Horse Railway Company. In force_^ FeVy 



19, 1S6T 



Section 1. Be it enacted by the People of the State of 
Illinois, representedin the General Assembly, That Abner corporators. 
A. Fisher, WiUiam S. Easton, Joseph O. Glover, Robeit 
M. McArthur, George Avery, Dwight F. Cameron and 
W. Bushnell and their successors, be and they are created 
a body corporate and politic, by the name of the "Ottawa 
Horse liailroad Company," for the term of seventy-live 
years, with all the power and authority incident to corpora- 
tions for the purposes hereinafter mentioned. 

§ 2. The said corporation is hereby authorized and ira- AuthoiUy to 
powered to construct, maintain and operate a single or double "' ' '"" "^"^' 
track railway, with all necessary and convenient tracks for • 
turnouts, sidetracks and appendages, in the city of Ottawa, 
as the common council of said city have authorized said 
corporators or any of them, or shall hereafter authorize said 
corporation so to do, in such manner and upon such terms 
and conditions, and with such rights and privileges as the 
said common council has or may by contract, with said com- 
pany hereafter prescribe. 

§ 3. The capital stock of said corporation shall be fifty capital stock. 
thousand dollars, and may be increased from time to time, 
at the pleasure of said corporation. The capital stock shall 
be divided into shares of one hundred dollars each, and 
be issued and transferred in such manner and upon such 
conditions as the board of directors of said corporation may 
direct. 

§ 4, All the corporate powers of said corporation shall Directors. 
be vested in and exercised by a board of directors, and such 
officers and agents as said board shall appoint. The first 
board of directors shall consist of said Abner A. Fisher, 
William S. Easton, Joseph O. Glover, Eobert M. Mc- 
Arthur, George Avery, Dwight F. Cameron and W. Bush- 
nell, and thereafter of not less than three nor more than seven 
stockholders, who shall be chosen each aud every year, by 
the stockholders at such time and in the same manner, as 
said corporation shall by its laws prescribe. The said di- 
rectors shall hold their offices until their successors are elec- 



money. 



16 HORSE RAILWAYS. 

ted and qualified, and may fill any vacancies which may hap- 
pen in the board of directors, either by death, resigriatii)n 
or otherwise ; they may also adopt such by-laws, rules and 
regulations for the government of said corporation, and the 
management of its atiairs and business, as they may think 
proper, not inconsistent with the laws of this state. 
Maybonow 8 5. The Said corporation is authorized and empowered 

to borrow trom time to time, such sumsot money as m their 
opinion, may be deemed necessary to aid the construction 
of said railwaj', find pay any interest therefor, not exceed- 
ing ten per cent,, and to pjedge and mortgage the said rail- 
way and its appendages, or any part thereof, or any other 
property or effects, rights or credits or appendages of said 
company, as securit_y for any loan of money and interest 
thereon, and to dispose of the bonds issued lor such loan, at 
such rate, or on such terms as the board of directors may 
detei mine. 

§ 6. Said company may organize whenever ten thou- 
sand dollars shall have been subscribed to its capital stock, 
and five per«cent. thereof paid-in, and three of the persons 
mentioned in the first section of this act shall be commis- 
sioners to open books for the purpose of receiving subscrip- 
tions to the capital stock of said company, 

§ 7. It shall be the duty of said corporators to begin 
and prosecute the couDpletion of the said horse railroad 
within ten years from the passage of said act, or they shall 
forfeit all rights under this charter. 

§ 5. This act shall take effect and be in force from and 
after its passage. 

Approved February 19, 1867. 



In force April AN A.CT to promote the construction of Horse Railways in the city of 
21, 1S67. Peoria. 

Section 1. Be it enacted hy the Peojyle of the State of 
Illinois, represented in the General Asseindly, That T. S. 
Bradley, E, H. Jack, J, H. Francis, Louis Green, II. G, 
Anderson, T. C, Moore and C. W, Eees, and their succes- 
sors, be and they are hereby created a body corporate and 
Name. poUtic, of the name of " The Central City Horse Eailway 

Company," of the city of Peoria, for the term of twenty- 
five years, with all the powers and authority incident to 
corporations, for the purposes hereinafter mentioned. 

§ 2. The said corporation is hereby authorized and em- 
powered to construct, maintain and operate a single or 
double track railway, with all the necessary and convenient 
tracks for turnouts, sidetracks and appendages, in the city 
of Peoria, and in, on, over and along such street or streets, 



ingle or doubli 
track railway. 



HORSE RAILWAYS. 17 

highway or liighways, within the present or future limits 
of tlie city of Peoria, as the city council of said city have 
authorized said corporators, or any of them, or shall here- 
after authorize said corporation so to do, in such manner, 
and upon such terms and conditions and with such rights Privileges, eic. 
and privileges as the said city council has, or may by con- 
tract with said company hereafter prescribe. 

§ 3. The capital stock of said corporation shall be one 
hundred thousand dollars, and may be increased from time 
to time, at the pleasure of said corporation. The capital 
stock shall be divided into shares of iifty dollars each, and 
be issued and transferred in such manner and upon such 
conditions as the board of directors of said corporation 
may direct. 

§ 4. All the corporate powers of said corporation shall Directors, 
be vested in and exercised by a board of directors, and such 
otficers and agents as said board shall appoint. The first 
board of directors shall consist of said T. S. Bradley, E. H. 
Jack, John H. Francis, Louis Green, H. G. Anderson, T. 
C. Moore and C. W. Eees, and thereafter of not lesa than 
three nor more than seven stockholders, which shall be 
chosen each and every year, by the stockholders, at such 
time and in such manner as said corporation shall by its 
laws prescribe. The said directors shall hold their offices 
until their successors are elected and qualified, and may fill 
any vacancies which may happen in the board of directors 
either by death, resignation or otherwise ; the}' may also 
adopt such by-laws, rules and regulations, for the govern- By-iaws. 
ment of said corporation, and the management of its affairs 
and business as they may think proper, not inconsistent 
with the laws of this state. 

§ 5. The said corporation is authorized and empowered indebtedness. 
to borrow, from time to time such sums of money, as in 
their opinion may be deemed necessary to aid the construc- 
tion of said railway, and pay any interest therefor, not ex- 
ceeding ten per cent, and to pledge and mortgage the said 
railway and its appendages, or any part thereof, or any oth- 
er property or effects, rights or credits or appendages, of said 
company, as security for any loan of money and interest 
thereon, and to dispose of the bonds issued for such loan at 
such rate, or on such terms as the board of directors may 
determine. 

§6. Said company may organize, whenever ten thou- Time of orsam. 
sand dollars shall have been subscribed to its capital stock, 
and five per cent, thereof paid in, and three of the persons 
mentioned in the first section of this act, shall be commis- 
sioners to open books for the purpose of receiving subscrip- 
tions to the capital stock of said company. 
Approved February 21. 1867. 
Vol. II— 2 ' 



zation. 



18 HOUSE RAILWAYS. 



In force Febru- AN ACT to incorporate the Moline and Rock Island Horse Railroad 
ary 21, 18G7. Company. 

Section 1. Be Li enacted l>y the People of the State of 
Illinois, re-presented in the General Assembly, That Ben. 
Harper, T, J. Robisoii, S. W. McMaster, Chas. Atkinson, 
John Dere, John M. Gould and Alfred Webster, their asso- 
ciates and assigns, are hereby created a body politic and 

Name and stylo corporate by the name and style of "The Moline and Rock 
Island Horse Railroad Company," and by that name they 
and their successors shall have all power incident to cor- 

Term. porations, for the term of fifty years, for the purposes here- 

inafter mentioned. 

Powers. § 2. The said corporation is hereby authorized and em- 

powered lo construct and maintain and operate by horse, 
mule or steam power, a single or double track railway, with 
necessary and convenient tracks for turnouts, for side 
tracks and appendages, in the town of Moline and city of 
Rock Island, and over and along such streets, roads, high- 
ways or bridges within the limits of said town of Moline 
and city of Rock Island, and over the county road between 
the limits of said Moline and Rock Island, in such manner 
as shall be authorized by the authorities having jurisdiction 
over said streets, roads and highways. 

Object. § 3. Said corporation may own and possess real estate 

sufficient for the accommodation and convenience of their 
business, and may transport on said road passengers and 
commodities at such rates of fare as shall be fixed by the 
by-laws and regulations of said company, 

5 4. The business, management and direction of the af- 

OBicers. 3 , 1111 !• ici- 

fairs ot said company shall be vested in a board ot direc- 
tors, to be elected by the stockholders from among them- 
selves, and said company are hereby authorized to establish 

By-laws. any by-laws or regulations, and to alter or amend the same 

as shall appear necessary to carry out the provisions of this 
act: Provided, the said by-laws and regulations do not 
conflict with or be repugnant to the laws of this state or of 
the United States. 

Capital ctop.k. § 5. The Capital stock of this corporation may be one 
hundred thousand dollars, (^100,000), with the right to in- 
crease the same, if required to promote the facilities of said 
corporation. 

§ 6. This act to take effect and be in force from and af- 
ter its passage, and to be a public act. 
Approved February 21, 1867. 



HOKSE RAILWAYS. 19 



AN ACT to promote the construction of a Horse Railroad in the town of Iii force Feb'/ 
Danville. ^^'18«7. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Joseph 
G. Eiio;lish, Hiram W. Beck with, William P. Chandler, 
Peter Brjer and Raymond W. liosford, and their success- 
ors, be and they are created a body corporate and politic 
by the name of "The Danville Horse Ptailway Company," ^^^^ ^^<^ ^^n^- 
for the term of thirty years, with all the powers and au- 
thority incident to corporations for the purposes herein- 
after mentioned. 

§ 2. The said corporation is hereby authorized and em- Powers, 
powered to construct, maintain and operate a single or 
double track railway, with all necessary and convenient 
tracks for turnouts, sidetracks and appendages in the town 
or city of Danville, and in, on, over and along such street 
or streets, highway or highvv ays within the present or future 
limits of the town or city of Danville, as the tuwn or com- 
mon council of said town or city may hereafter authorize said 
corporation to do, in such manner and upon such terms 
and conditions, and with such rights and privileges as said 
council may, by contract with said company, hereafter pre- 
scribe. 

§ 3. The capital stock of said corporation shall be one capital stock, 
hundred thousand dollars, and may be increased from time 
to time at the pleasure of said corporation. The capital 
stock shall be divided into shares of one hundred dollars, 
and be issued and transferred in such and upon such con- 
ditions as the board of directors of said corporation may 
direct. 

§ i. All the corporate powers of said corporation shall ofseers. 
be vested in and exercised by a board of directors and such 
officers and agents as said board shall appoint. The lirst 
board of directors shall consist of Joseph G. English, Hiram 
W. Beckwith, William P. Chandler, Peter Bryer and Ray- 
mond W. Hosford, and thereafter of not less than three nor 
more than seven stockholders, who shall be chosen each 
and every year by the stockholders, at such time and in 
such manner as said corporation shall by its laws prescribe. 
The said directors shall hold their offices until their suc- 
cessors are elected and qualihed, and may fill any vacancies 
which may happen in the board of directors, either by 
death, resignation or otherwise ; they may also adopt such 
by-laws, rules and regulations for the government of said 
corporation and the management of its affairs and business 
as they may think proper, not inconsistent with the laws of 
this state. 

§ 5. That said corporation is .luthorized and empowered indebtednen. 
to borrow, from time to time, such sums of money as in 



20 HOKSE EAILWATS. 

their opinion may be deemed necessary to aid in the con- 
struction of said r.ailway, and pay interest therefor not ex- 
ceeding ten per cent, and to pledge and mortgage the said 
railway and its appendages, or any part thereof, or any other 
property or effects, rights, credits or appendages of said 
company, as security for any loan of money and interest 
thereon, and to dispose of the bonds issued for such loan at 
sucli rate or on such terms as the board of directors may 
determine. 

Real estate, etc. § 6. Said Corporation is authorized and empowered to 
purchase and hold real estate for the offices, stables, car 
buildings, manufacturing and repair shops of the company, 
and to sell and dispose of the same whenever they shall 
not be needed for the purposes of the company. 

Organization. § 'T. Said Corporation may organize whenever ten thou- 
sand dollars shall have been subscribed to the capital stock, 
and five per cent, thereof paid in, and three of the persons 
mentioned in the first section of this act shall be commis- 
sioners to open books for the purpose of receiving subscrip- 
tions to the capital stock of said company. 
Approyed February 21, 1867. 



In force Feb'y AN ACT to promote the construction of horse railways in the city of 
^'^^"- Mattoon. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assemlly, That Eben 
Noyes, Simeon W. True, George li. Gibson, James M. True 
and Basdel W. Magee, and their successors, be and they 
are hereby created a body politic and corporate, by the 

^lease"^^"" °^ ^ame of •'The Mattoon City Kailway Company," for the 
term of fifty years, with all the powers and authority inci- 
dent to the corporation for the purpose hereinafter men- 
tioned. 

rovrers. § 2. The said corporation is hereby authorized and em- 

powered to construct, maintain and operate a single or 
double track railway with all necessary and convenient 
tracks for turnouts, sidetracks and appendages, in the city 
of Mattoon, and in, on, over and along such street or streets, 
highway or highways within the present or future limits of 
the city of Mattoon. 

capital .stock, § 3. The capital stock of said corporation shall be fifty 
thousand dollars, and may be increased, from time to time, 
at the pleasure of said corporation. It shall be divided 
into shares of fifty dollars each, and be issued and trans- 
ferred in such manner and upon such conditions as the board 
of directors of said corporation may direct. 



HOKSE RAILWAYS. 21 

§ 4. All the corporate powers of said corporation shall Directors. 
be vested in and exercised by a board of directors and such 
officers and agents as said board of directors shall appoint. 
The tirst board of directors shall consist of Eben J^Jojes, 
Simeun W. True, George K. Gibson, James M. True and 
Basdel W. Magee; and thereafter, of not less than three nor 
more than seven directors, who shall be chosen each and 
every year by the stockholders, at such times and in such 
manner as the said corporation shall by its laws prescribe. 
The said directors shall hold their office until their succes- 
sors are elected and qualitied, and may till any vacancies 
which may happen in the board of directors, by death, 
resignation or otherwise. They may also adopt such by- 
laws, rules and regulations for the government of said cor- 
poration and the management of its affairs and business as 
they may think proper, not inconsistent with the laws of 
this state, 

§ 5. The said corporation is hereby authorized to ex- ^"^^ers. 
tend the said railways herein authorized to be built, in the 
manner aforesaid, to any point or points within the counties 
of Coles and Moultrie, in this state ; and, to enable said 
corporation to construct any or all of the railways herein 
authorized, or their appendages, the said corporation is 
hereby vested with power to take and apply private prop- 
erty for the purpose and in the manner prescribed by an 
act entitled "An act to amend the law condemning right of 
way for purposes of internal improvements," approved 
June 22, 1852, and the several acts amendatory thereof, 
and may exercise all the powers conferred upon railroad 
corporations by the twenty-fifth and twenty-sixth sections 
of "An act to provide for a general system of railroad in- 
corporations," approved November 5, 1649, ascertaining 
and rLaking recompense for all damages sustained agree- 
able to the provisions of the act hereinbefore first mentioned. 

S 6. The said corporation is hereby authorized to lay Railways— regm- 

J ^ , .,..'■ . -, . 1 •' . , . •' lation of. 

down and mamtam its said railway or railways, m, upon, 
over and along any common highway, or across and over 
any lands in said counties, but in such manner as not to ob- 
struct the common travel of the public over the same. In 
all cases where vehicles shall meet the cars or carriages of 
said railways either in the city or counties, said vehicles 
shall give way to the cars or carriages on the railway; and 
the said corporation may take, hold,' mortgage and convey 
real estate. 

§ 7. This act shall be deemed a public act, and noticed 
by all courts as such, without pleading, and shall take 
effect from its passage. 

Approved February 23, 1867. 



22 HORSE RAILWAYS. 



Jn force Feb'/ AN ACT to incorporate the Freeport City Railway Company. 

Section 1. Be it enacted hy the Feo j)e of the IState of 
Illinois, represented In the General Assembly, That Charles 
L. Carrier, J, Wilson Shaffer, Joseph M. Bailey, Frederick 
C. Iiigalls, Robert B. Carrier, Orlando B. Bridwell, Joseph 
R. Scraggs, Edward L. Conkrite, Fredrick Bartlett and 
Mathias Hettinger, their associates and successors, be and 
they are hereby created a body corporate and politic, to be 

jsame. known by the name of the ''Freeport City Railway Com- 

pany," with all the powers and authority incident to cor- 
porations, for the purposes hereinafter mentioned. 

Corporate pow- g 2. Said Corporation is hereby authorized and empow- 
ered to construct, maintain and operate a single or double 
track railway with all necessary and con vient tracks for turn- 
outs, sidetracks and appendages, in the city of Freeport in 
the county of Stephenson, and state of Illinois, in, on, over 
and along such street or streets, highway or highways, 
bridge or bridges, alleys, rivers or streams, within the pres- 
ent orfuturelimitsof said city of Freeport, as the city council 
of said city may from time to time authorize, excepting ihat 
part of Stephenson street, lying between Walnut street 
and a point one hundred feet westerly of the track of the 
Illinois Central railroad ; but this act shall not be construed 
to forbid the construction, maintaining and operating such 
railway across said portion of Stephenson street, where the 
same is intersected by other streets. 

Private prop- | 3. Said Corporation shall uot havc powcr to take and 
" ^' ^Pply private property to its use by process of condem- 

nation. 

Eitension of | 4. Said Corporation is hereby authorized by and with 
the consent of the board of supervisors of said county of 
Stephenson to extend any line of its railway in, upon and 
along any common highway in said county, outside of said 
city of Freeport, to any point not exceeding one mile from 
the point were such line of railway shall cross the bound- 
ary line of said city, and such railway shall be so construc- 
ted and operated as not to materially obstruct or impair the 
common travel of the public over such streets. 

Steam. § 5, The use of steam engines or locomotives shall in no 

case be permitted on any of the railways of said cor- 
poration. 

Capital «tock. § 6. The Capital stock of said corporation shall be ten 
thoui^and dollars, and the same may be increased from time 
to time at the pleasure of said corporation. Said stock shall 
be divided into shares of fifty dollars each, which stock 
shall be issued and transferred in such manner and upon 
such conditions as the board of directors of said corpora- 
tion may direct. 



HORSE RAILWAYS. 23 

§ 7. All the corporate powers of said corporation shall Directers. 
be vested iu aud exercised by a board of directors, consist- 
ing of not less than live nor more than fifteen members, 
and such officers and agents as said board shall appoint ; 
said directors shall hold tlieir offices for the period of one 
year and until their successors are duly elected. 

§ 8. The persons named in the first section of this act ^^"S^yel'Dr'^ 
are hereby appointed commissioners to receive subscriptions 
to the capital stock of said company, whenever said com- 
missioners shall think it expedient so to do, they may open 
books for subscription to said capital stock, after having 
given notice, of their intention so to do by publishing such 
notice, specifying therein the time and place when and 
where such books are to be opened, in at least two 
weekly newspapers, published at said city of Freeport, 
once in each week, for at least thiee weeks, and said com- 
raissiohers shall have power to keep such books open from 
day to day until the whole amount of stock above specified 
shall be subscribed, and whenever ten thousand dollars, of 
said stock shall be subscribed ; and five per cent, thereof 
paid in, it shall be lawful for said company to elect seven di- 
rectors who shall constitute the first board of directors of said 
company. At such election, and at all subsequent elections 
of directors, each share of stock shall entitle the holder 
thereof to one vote. The persons named in this act and all 
other persons desiring so to do, are hereby authorized to 
subscribe to the capital stock of said company, 

§ y. Said directors shall have power to provide for the Elections and 
time aud manner of holding the annual elections of direc- 
tors of said company, and to fill any vacancies which may 
in any manner occur in said board, until the next annual 
election, and they shall have power to adopt such by-laws, 
rules and regulations for the government of said corpora- 
tion, and the management of its affairs as they may deem 
proper, not inconsistent with the laws of the United States 
or of this state. 

§ 10. Said corporation is hereby authorized to take by Real estate. 
purchase or donation, and hold such real estate as may be 
necessary for the accommodation of said coporatidnin order 
to enable it to carry out the object of its incorporation, and 
to sell and convey the same at pleasure ; and said corpora- 
tion is hereby authorized to mortgage or encumber its pro- 
perty and franchises as the board of directors may deem 
necessary, in order to carry out the objects of its incor- 
poration. 

§ 11. Said company is hereby required to construct and "^^^^jj^'j, ^°^- 
have in operation at least one and one-half miles of rail- 
way within five years from the passage of this act ; and- 
said company shall not charge for the carriage of passen- 
gers over anyone of its lines of railway or any portion thereof, 
more than five cents for each passenger, and said company 



24 



HORSE RAILWAYS. 



shall pay into the city treasury of said city, for the use of said 
city, two per cent, of the gross earnings of said company 
from its railways. Such payments to be made by said com- 
pany at least once in each year, accompanied by a report 
veritied by atiidavit, of the total receipts of said company, 
from the earnings of said railways; and said company shall 
be required to keep so much of the streets over which said 
railways shall pass as shall lie betv/een the tracks of such 
railways in good repair. 
Right to eon- § \''2. Tliis act shall not be deemed to coufer uDou the cor- 

struct not ex- .• i i i , i ■ . i ^ ^ 

.-iiisire. poration hereby created the exclusive right to construct and 

operate railways within said city, and the general assembly 
hereby expressly reserves the power to confer upon any 
other person or corporation like powers and franchises 
within said city, to those conferred by this act, and the rates 
of charges for the carriage of persons or property by said 
corporation over said railroads, are hereby made subject to 
future moditicatiou and control by the general assembly. 

cspitai stock. § 13, Whenever the persons named in the tirst section 
of this act or a majority of them, shall deem it expedient 
to enter upon the contruction of said railways, they shall 
before opening books for subscription to the capital stock of 
said coujpany, request the city council of said city of Free- 
port to submit this act to the legal voters of said city of 
Freeport for their ratification, and upon receiving such re- 
quest, said city council shall and is hereby required to sub- 
mit this act to the legal voters of said city for their ratiiica- 
tion at the next annual election to be held in and for said city : 
Pi'ovided, such election shall occur within sixty days next 
after receiving such request ; and in case such general elec- 
tion shall not be held within said sixty days, then said city 
council shall submit this act to said voters at a special elec- 
tion, to be called and held for that purpose, within sixty days 
after receiving such request. Such election shall be by ballot, 
written or printed, or partly written and partly prin- 
ted, substantially in the following words, "for the city 
railway," or '' against the city railway ;'' and if at such 
election the majority of the votes cast shall be "for the 
city railway," then this act shall be operative, but in case 
the majorit}^ of the votes cast at such election shall be 
"against the city railway," then this act shall be inopera- 
tive until the same shall i)e ratitied at a subsequent general 
or special election, at which this act shall on like request be 
submitted to the legal voters of said city, in like manner as 
above specified : Provided, that this act shall not be sub- 
, mitted to the voters of said city for their ratification twice 

within any one year. 

Period of fran- § 14. Said corporatiou is hereby authorized to exercise 
the powers and franchises granted by this act, for and during 
the period of thirty years from and after the passage of this 
act. At the expiration of the said period of thirty years, the 
value of the said railways, cars and other property and 



:;hises, etc, 
value o£ 



HOKSE RAILWAYS. 25 

franchises then belonging to said company shall be appraised 
bj live competent, skilltul and disinterested commissioners, 
of whom two shall be selected by said corporation, two by 
the city council of said city and one by the circuit court of 
said county of Stephenson, neither of whom shall be resi- 
dents of said city or in any way interested in the affairs 
of said corporation ; and in case of the refusal or neglect of 
said corporation or said city to select such commissioners, the commissionera' 
same shall be selected by said circuit court; and said com- ti"ties,etc. 
missioners shall before entering upon the duties of their 
office be severally sworn, fairly and impartially to appraise 
the value of said railways, cars, property and franchises 
then belonging to said corporation ; said coujmissioners shall 
thereupon make the appraisement aforesaid and file the 
same in the office of the circuit clerk of said county of 
Stephenson. The said city of Freeport may at any time 
witJiin one year afcer the filing of such appraisal pay to said 
company the amount of such appraisal, and upon making 
such payment shall be invested with all and singular the 
railways, cars, property and franchises belonging to said 
company at the time of such appraisal. In case said city 
shall neglect to take said property at its appraised value 
within the time above limited, a similar appraisal shall be 
made at the expiration of each five years after the making i 

of said first appraisal with the same right to said city to take 
said property and franchises at their appraised value under 
such new appraisement, and until said city of Freeport shall 
elect to take said property at its appraised value, and shall 
pay said corporation therefor. The corporation hereby cre- 
ated shall continue to exercise the powers and franchises 
conferred by this act. 

§ 15. This act shall be deemed and taken to be a public 
act, and shall take effect and be in force from and after its 
j3assage. 

Appeoved February 25, 1867. 



AN ACT to incorporate the Belleville Cit)' Railway Company. ^n force Feb'y 

Section 1. Be it enacted by the People of the State oj 
Illinois, represented in the General Assembly, That Samuel 
B. Chandler, Edward Abend, George 0. Eieenmeyer, 
Henry Abend, David Q. Phillips, Joseph Kirkpatrick, 
Edward F. Leonard, John W. Bunn and Edward PL Flem- 
ing, and Frederick S, E. Scheel and their associates and suc- 
cessors, be and they are hereby created a body politic and 
corporate, by the name of the "Belleville City Eailway j^Ta,„e. 
Company," with perpetual succession, with all the powers 



26 



HORSE RAILWAYS. 



Capital stock. 



Officers and 
directors. 



Bj-laws. 



Extension 
limits. 



and authorities incideiit to corporations, for the purposes 
hereinafter mentioned. 

§ 2. The said corporation is hereby authorized and em- 
powered to construct, maintain and operate a single or 
double track railway, with all necessary and convenient 
tracks for turnouts, sidetracks and appendages, in the city 
of Belleville, and in, on, over and along such streetor streets, 
highv,'ay or highways, as the said companjMiiay elect, with- 
in the present or future limits of the city of Belleville. 

§ 3. The capital stock of said corporation shall be fifty 
thousand dollars, and may be increased from time to time, 
at the pleasure of said corporation. It shall be divided 
into shares of one hundred dollars each, and be issued and 
transferred in such manner and upon such conditions as the 
board of directors of said corporation may direct. 

§ 4. All the corporate powers of said company shall be 
vested in and exercised by a board of directors, and such 
officers and agents as the said board of directors shall 
appoint. The first board of directors shall consist of Samuel 
B. Chandler, Edward Abend, George C. Eisenmeyer, 
Henry Abend, David L. Phillips, Joseph Kirkpatrick, 
Edward F. Leonard, John TV. Bunn and Edward H. Flem- 
ing, Frederick E. Scheel and thereafter of not less than 
five, nor more than seven stockholders, who shall be chosen 
each and every year by the stockholders at such time and 
in such manner as the said corporation shall by its laws 
prescribe. The said directors shall hold their offices until 
their successors are elected and qualified, and may fill any 
vacancies which may happen in the board of directors, by 
death, resignation or otherwise; they may also adopt such 
by-laws, rules and regulations, for the government of said 
corporation and the management of its afiairs and business 
as they may think proper, not inconsistent with the laws of 
this state, 
f § 5. The said corp'^ration is hereby authorized to extend 
the said several railways herein authorized to be built in the 
manner aforesaid, to any point or points in the county of St. 
Clair, in this state; and to enable said corporation to construct 
any or all of the railways iierein authorized, or their ap- 
pendages, the said corporation is hereby vested with power 
*to enter upon and take possession of, and use any and all 
such lands and real estate as may be necessary for their 
construction or maintenance in the manner prescribed by 
an act entitled, "An act to amend the law condemning right 
of way for purposes of internal improvement," approved 
June 22, 1852, and the several acts amendatory thereof; 
and may exorcise all the powers conferred upon rail- 
road corporations by an act entitled, "An act to provide for 
a general system of railroad incorporation," approved i^ov, 
3d, 1849. AH lands and real estate so entered upon and taken 
possession of, shall be paid for by said corporation in dam- 



HOESE KAILWATS. Z^ 

ages agreeably to the provisions of the act hereinbefore 
first iiicntioned. And whenever it shall be necessary for the 
construction of said railway, to intersect or cross a trac^-' of crossines. 
any other railroad or any stream of water or water conrse, 
or road or highway on the route of said railway, it shall be 
lawful for the company to construct their railway across, 
upon, in, over or along the same : Provided, that the said 
company shall restore the railroad, stream of water, water 
course, road or highway to its former state, or in a sufficient 
manner not to materially impair its usefulness. 

§ 0. The said corporation may take and transport upon rranaportation 
said railway, any persons, merchandise or other property by mercha°ndis"e°'* 
any competent force and power ; and may fix, establish, 
take and receive such rates of toll for all passengers and Rates of toil, 
property, transported on the same, as the directors shall 
from time to time establish, not exceeding the terms usual 
with like railway companies. 

§ 7. The said corporation are empowered to borrow indebtedness, 
money to be used in the construction of said railway, and 
to mortgage their corporate property and franchises, or con- 
vey the same by deed of trust, to secure the payment of 
any debt contracted by said company for the purposes 
aforesaid ; and to dispose of bonds issued for money bor- 
rowed as aforesaid, at such rates and on such terms as th© 
board of directors may determine. 

Approved February 25, 1867. 



AN ACT concerning the Capital Eailway Company of Springfield. In force Feb'y 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That the pro- organization 
ceedin^-s for the organization of the Capital Eailway Com- 
pany be in all respects, and the same are hereby validated, 
and the said company is hereby recognized and declared 
a valid corporation under the laws of this state, and all 
proceedings of said corporation heretofore done in its cor- 
porate name, are declared good air.d effectual as corporate 
acts and liabilities incurred by said company are declared 
binding upon said corporation. 

§ 2.' That said corporation shall have power to con- ^Xpes-foca-" 
struct, operate and maintain a single track horse railway, tion— mayhosd 
with all necessary turn-outs and switches from ''Tenth ^^°'^^^y'^^^- 
street along and upon Monroe street westerly to its junction 
with Walnut street, thence south along Walnut street to 
Governor street, thence westerly along Governor street to 
the city limits of the city of Springfield, and thence wester- 
ly one-half mile beyond the city limits" : Provided, however^ 



28 HORSE ■ RAILWAYS. 

that the grade of said streets, or the road-bed tliereon, shaL 
not be changed but by consent of the city council of the city 
of Springlield. And said coiupany may hoi i and acquire 
all such property, real and personal, as may be necessary 
and convenient in constructing, operating or maintaining 
said road. 
ightofway. § 3. Said company shall have the right to acquire the 
right of way for their said road beyond the city limits, by 
grant, gift or otherwise, from the land owners, and any 
such grant, release or gift heretofore made to said company 
shall be good and effectual fur the purposes intended, and 
said company may acquire and hold real estate in fee sim- 
ple not exceeding three acres, fur the purposes of operating 
their said road, housing their carriages, horses or office con- 
nected therewith. 

Capital stock. §4. The Capital stock of Said Corporation shall be tifty 
thousand dollars, which shall be divided into shares of 
one hundred dollars ($100) each, and said company shall 
have power to increase the same from time to time, as it 
may determine, and said stock shall be considered as per- 
sonal property, and shall be transferable, in accordance 
with the by-laws of said corporation. 

subsoripuons. § 5. Said Corporation, through its directors, shall have 
■ power Irom time to time to call for all subscriptions to the 
capital stock thereof, heretofore or hereafter to be made, 
and upon thirty days' notice of such call, published in some 
newspaper of the city of Springlield, may either sue for 
and collect such subscriptions or portions called for, or 
upon default being made in the payment thereof for thirty 
days after the same shall have become payable, may, at 
the expiration of said thirty days, forfeit the stock of any 
delinquent subscriber, and all payments thereon to said 
company, by a declaration of such forfeiture on the books of 
said company. 

Management of § 6. The affairs of Said company shall be managed by 
a board of directors of not' less than three, to be annually 
elected by the stockholders in such manner as may be de- 
termined by the by-laws of said corporation, and said com- 
pany shall have the right to adopt and enforce all by-laws 
deemed necessary and proper for the government of said 
corporation, not inconsistent with the laws and cunstitution 
of this state or of the United States ; and said company may 
prescribe and enforce reasonable rules for the preservation 
of good order by passengers on their trains. 

§ 7. Said company shall be entitled to charge and col- 
lect such fares for carrying passengers as from time to time 
it ma}'- deem reasonable, and which shall be uniform in re- 
spect of persons. 

Approved February 25, 1867. 



affairs. 



HORSE RAILWAYS. 29 



AN ACT to incorporate the LaSalle and Peru Horse Railway Company. In force March 

6,1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the Genei'al Asserably^ That Willis 
M. Hitt. Uichard Cody, David L. Rough, E. Fallett Bull, 
Theron D. Brewster, William B. Day and Philip K. Beh- 
rend, and their associates, successors, heirs and assigns, 
are hereby created a body politic and corporate, by the 
name and style of "The LaSalle and Peru Horse Railway Kame aad style 
Company,'' and by that name shall have perpetual succes- 
sion, with all the powers and authority incident to corpo- 
tions, for the purposes hereinafter named. 

§ 2. . The said corporation is hereby authorized, and em- Powers, etc. 
powered, to construct, maintain, and operate a single or 
double track railway, with all necessary and convenient 
tracks for turnouts, sidetracks and appendages, in the cities 
of LaSalle and Peru, as the city councils of said cities have 
or may authorize said corporators to do, in such manner, 
and upon such terms and conditions, and with such rights 
and privileges as the said city councils have, or may by 
contract with said com.pany hereafter prescribe. 

§ 3. The capital stock 'of said corporation shall be fifty »?»»' stock. 
thousand dollars, and may be increased from time to time, 
at the pleasure of the corporation. The capital stock shall 
be divided into shares of fifty dollars each, and be issued 
and transferred, in such manner, and upon such conditions, 
as the board of directors of said corporation may direct. 

§ 4. All the corporate powers of said corporation shall Directors, 
be vested in and exercised by a board of directors and such 
officers and agents as said board of directors shall appoint. 
The first board of directors shall consist of Willis M. Hitt, 
Richard Cody, David L Hough, E. Fallett Bull, Theron 
Brewster, William B. Day and Philip K. Behrend, and 
thereafter of not less than five nor more than seven stock- 
holders, who shall be chosen each and every year by the 
stockholders, at such time and in such manner as the said 
corporation shall, by its laws prescribe. The said directors 
shall hold their oflices until their successors are elected and 
qualified, and may fill any vacancies which may happen in 
the board of directors by death, resignation or otherwise. 
They may also adopt such by-laws, rules and regulations, 
for the government of said corporation, and the manage- 
ment of its affairs and business, as they may think proper, 
not inconsistent with the provisions of this act, or the laws 
of this state. 

§ 5. To enable said corporation to construct said railway, Private prop, 
with the necessary appendages, it is hereby vested with ^^^^' 
power to take and apply private property for the purpose, 
and in the manner prescribed by an act entitled, " An act 
to amend the law condemning right of way for purposes of 



30 



HOBSE KAILWAT8. 



Bonds, etc. 



Carporition 
subscription 



internal improvement," approved June 22, 1852, and the 
several acts amendatory thereof, and may exercise all the 
powers conferred upon railroad corporations, by the 25tli 
and 2t)th sections of an act to provide for a general system 
of railroad incorporations, approved November 5, 184:9, 
as containing and making recompense for all damages sus- 
tained, agreeable to the provisions of the act hereinbefore 
first recited. 

§ 6. The said corporation is hereby authorized and em- 
powered to issue bonds, to aid in the construction of said 
railway; said bonds to bear a rate of interest not exceed- 
ing ten per cent. The principal and interest of said bonds 
to be payable at such time and place, as the board of di- 
rectors may elect. The said bonds shall constitute a Ilrst 
lien upon said railway and its appendages. 

§ 7. The said cities of LaSalle and Peru are hereby 
authorized to subscribe to the capital stock of said corpora 
tion, to an amount not exceeding the sum of ten thousand 
dollars each, and shall make such subscription in the same 
manner, as cities and counties are authorized to subcjcribe 
for stock in railroad companies, by the provisions of an act 
entitled an act, supplemental to an act, entitled '* An act to 
provide for a general system ot railroad incorporations," 
approved JNovember 6, 1849, which is hereby incorporated 
with and made a part of this act : Provided., however, that 
no registration of voters shall be required for the election at 
which such question shall be submitted to the electors of 
said cities. 

§ 8. The said corporation are hereby authorized to pur- 

'^"ad'^^iortgaLe chasc, hold, convey, and mortgage real and personal prop- 

persouai prop- ^^.j.^,^ ^q^, ^^^ purposcs Contemplated by this act. This act 

shall be subject to all future legislation of this state, with 

reference to rates of fare for transportation of goods or 

passengers. 

Construction of § ^- "^^^^ ^^^ ^^^'^^ ^® taken and deemed a public act, 

act. shall be liberally construed in all courts and places, and 

shall be in force from and after its passage. 

Approved March 6, 1867. 



la force March AN ACT to incorporate the Cliicago and Calumet Horse and Dummy Rail- 
5, 1867. road Company. 



Section 1. Be it enacted hy the People of the Slate of 
^ in the General Asse?nblv, That Charles 



Illinois, re^ 

H. Machin, John G. Osborne, John L. Thompson, Benja- 
min F. Smith and Charles 0. Copeland, and their associates 
and successors, are hereby made a body corporate and po- 



HORSE RAILWAYS. 31 

litic, by the name and style of '-The Chicago and Calumet Name and style 
Horse and Danimy Kailroad Company," and as such cor- 
poration, biiall exist witii all the puwers herein granted 
lor the period of twenty-five years oidy ; may sue and be Period, 
sued, have a common seal, may make by-laws, make con- 
tracts, and iiave and enjoy so much real estate as shall be 
necessary fur their business. 

§ 2, It shall be lawful for said company to locate a horse Powers, 
or dummy engine railroad, with one or more branches, and 
along and upon any of the streets, roads or highways, in 
the county of Cook, outside of the limits of the city of Chi- 
cago, and east of a line corresponding with the west line 
of State street in Chicago if extended, that shall be de- 
signated and approved by the board ot supervisors of Cook 
county. And the said company may extend their railroad or 
branches, from time to time, suljject to the same approval, 
and may construct and operate the same, with necessary 
turnouts, switches and sidetracks, and run thereun cars 
drawn by horses or cars with engines attached, commonly 
called dummy engines, for the carrying of passengers; and 
may charge and collect fare therefor. The said road shall not 
extend into the city of Chicago, nor shall said company have 
the power to condemn lands or lots for the use of their road. 

§ 3 The capital stock of said company shall be one capital stock, 
hundred thousand dollars, but the same may be increased 
from tin:e to time by a vote of the stockholders, to three 
hundred thousand dollars. The stock shall be divided into 
shares of one hundred dollars each, to be deemed personal 
property, and transferable as such on the books of the com- 
pany in the manner prescribed by the by-laws. 

§ 4. The business of the company shall be conducted Directors. 
by a board of five directors, who shall have power to ap- 
point officers and agents and prescribe their duties ; to make 
by-laws, to determine times when, and the installments in 
which the stock shall be paid. The directors shall be elect- 
ed annually by the stockholders. Each share of stock shall 
entitle the holder thereof to one vote in the election of di- 
rectors, and in increasing the capital stock. 

§ 5. This act shall be a public act and be in force from 
and after its passage. 

Approved March 5, 1867. 



AN ACT to incorporate the Galesburg Horse Railway Company. Ii ^'^J'^A^"''^^ 

Section 1. Beit enacted hu the People of the State of 
Illinois, represented in the General Assembly, That Edwin 
Post, A. A. Smith, W. S. Gale, L. E. Conger, and E. W, 
"Whitney, John B. Colton, John Becker, of the city of Gales- 



oli HOKSE RAILWAYS. 

burg, and their associates, successors, heirs and assigns, are 
hereby created a body politic and corporate, by the nanae 

Name aud style and Style of the " Galesburg Horse liailway Company. 

subscription. § 2. A majority of said persons named in section one of 

this act, or their respective heirs, successors and assigns, 
may open books for subscription to the caj)ital stock of said 
company, which shall be tifty thousand dollars, in shares 
of one hundred dollars each; and said capital stock may 
be increased from time to time, as the exigencies of said com- 
pany may require. Upon subscription being made, and the 
said capital of twenty thousand dollars, and five per cent, 
thereof paid in, a majority of said named persons may, or 
their respective successors, heirs and assigns may call a 
meeting of the stockholders of said company, for the elec- 

>:ie.ti<)D3- tion of live directors of said company ; such directors shall 
.iireetors. jj^^^j^ their office for one year, and until their successors are 
elected ; and they may appoint a president, and other 
needful officers for said company, who shall hold their offi- 
ces for like time, unless sooner removed. 

Hiisiness and § 3. Upon sucli Organization, said company may and 
..peratiou=. ^YisiU [have] the exclusive right and privilege to establish 
and operate, upon and over the streets of the city of Gales- 
burg, railways for carrying persons and things, for the term 
of fifty years from the passage of this act, with all conveni- 
ent appendages thereto. Said company shall have power 
and may exercise such powers as are or may be necessary 
for the purposes contemplated by this act, not repugnant to 
the laws of the United States or of this state : Provided^ 
said company shall commence laying such track within six 
years from the passage hereof. 

Laying tracks. § 4. The city couucil of Said city may regulate the man- 
ner and places of laying railway tracks by said company, 
and may prohibit, by ordinance, said company from laying 
its tracks at such places as may be deemed injurious to the 
public. 

§ 5. This act and all powers and rights derived there- 
from, shall forever be and remain subject to all future and 
general legislation of this state upon the subject of rates of 
fare for passengers and freights. 

§ 6. This act shall be deemed and taken to be a 
public act, and take efl:ect and be in force from and after its 
passage. 

Afpkoved March 6, 1867. 



Kate.^ of fare. 



HOKSE RAILWAYS. 33 



AN ACf to incorporate the Decatur Horse Railway and Carrying Company, in force March 

9, 1837. 

Section 1. Be it enacted ly the Feorjle of the State of 
Illinois^ represented in the General Assembly^ That Frank corporAtors. 
lin i-'riest, Wra. J, Usrey, John O. Sloan, Berry H. Cas- 
sell, Abraham B. Bonn, Wm. L. Hammer, Henry B. 
Durfee, Samael F. Hawley, James C. Lake, John R. Race, 
Jasper J. Peddicord, Charles A. Tuttle, DeWitt C. Shockley, 
Wilham Lintner, and William A. Barnes, Edward O. Smith, 
Henry Prather, Henry Schlandeman, and their associates, 
successors and assigns, are hereby created a body corporate 
and politic, by the name and style of the "Decatur Horse Name and style 
Railway and Carrying Company," for the term of fifty 
years, with all the powers and authority incident to corpora- 
tions for the purposes hereinafter yientioued. 

§ 2. That said company is hereby authorized and em- Business and 
powered to construct, maintain and operate a single or °p°"''*''^"''- 
double track railway for carrying persons and property, 
with all necessary and convenient tracks for turnouts, side 
tracks, and appendages, in the city of Decatur, in Macon 
county, and state of Illinois ; and in, on, over and along 
such street or streets within the present or future limits of 
said city of Decatur, as the city council of said city may 
hereafter prescribe ; and in, on, over and alonsr any high- 
way or highways within two miles of the court house in 
said city and county, but not so as to impair the usefulness 
of said highway or highways for highway purposes. In 
all cases, private vehicles shall give way for the cars run- 
ning on said railway. 

§ 3. The capital stock of said corporation shall be one capital stock, 
hundred thousand dollars, and may be increased, from time 
to time, at the pleasure of said corporation ; the capital 
stock shall be divided into shares of one hundred dollars 
each, and be issued and transferred in such manner and 
upon such conditions as the board of directors of said cor- 
poration may direct. 

§ 4. All the corporate powers of said corporation shall Government 
be vested in and exercised by a board of directors and such 
officers and agents as said board shall appoint. The first 
board of directors shall consist of William Lintner, Edward 
O. Smith, William A. Barnes, Charles A. Tuttle, James 
C. Lake, Henry Prather, Franklin Priest, William J. Us- 
re}^, Abraham B. Bunn, and thereafter of not less than 
three nor more than eight stockholders, who shall be cho- 
sen each and every year by the stockholders of said com- 
pany, at such time and in the manner as said company 
shall, by its by-laws, prescribe. The said directors shall 
hold their offices until their successors are elected and 
qualified, and may fill any vacancies which may happen 
either by death, resignation or otherwise : they may also 
7ol. II-3 



34 



Indebtedness. 



Organization. 



HOKSE RAILWAYS. 

adopt such by-laws, roles and regulations, for the govern- 
ment of said company and the management of it§ affairs 
and business, as they may think proper, not inconsistent 
with the laws of this state. 

§ 5. The said company is authorized and empowered 
to borrow, from time to time, such sums of money as, in 
their opinion, may be deemed necessary to aid in the con- 
struction of said railway, at any rate of interest not to exceed 
ten per cent, per annum, and to pledge or mortgage said 
railway and its appendages, or any part thereof, as security 
for such money and interest thereon, and to dispose of the 
bonds issued for such loan, on such terms as the board of 
directors may determine. 

§ 6. Said company may organize whenever ten thou- 
sand dollars shall have been subscribed to it?i capital stock, 
and live per cent thsi'eof paid in ; and the board of direct- 
ors aforesaid, or such person or persons as they may lor 
that purpose appoint, shall be authorized to open books 
for subscription to the capital of said company. 

§ 7. This act shall be deemed a public act, and take 
effect and be in force from and after its passage. 

Appkoved March 9, 1867. 



in force Jlarcli 
9, 1867. 



Corporators. 



Business and 
operations. 



AN ACT to incorporate the El Paso Horse Railway and Carrying Company. 

Section 1. Be it enacted hy the Feople (rf the State of 
Illinois, rejpresented in the General Assembly, That George 
L, Gibson, John T. Harper, Daniel B. Webster, George W. 
Fridley, Robert G. Ingersoll, Samuel Saltonstall, James M. 
Harper, E. T. Cassell, Samuel H. Mitchell and George H, 
Campbell, and their associates and successors, heirs .and as- 
signs, be and they are hereby created and constituted a 
body corporate and politic by the name of " The El Paso 
Horse Railway and Carrying Compay," with all the pow- 
ers and authority incident to corporations. 

§ 2. The said corporation may and shall have the exclu- 
sive right and privilege to establish and operate upon and 
over the streets of the city of El Paso, railways for car- 
rying persons and things for the term of fifty years from 
the passage of this act ; and said corporation is hereby au- 
thorized and empowered to construct, maintain and operate 
a single or double track railway, with all necessary and 
convenient tracks for turnouts, sidetracks and appendages, 
in the city of El Paso, and in, on, over and along such 
street or streets, highway or highways within the present 
or future limits of the city of El Paso. 



HORSE RAILWAYS. 35 

§ 3. The capital stock of said corporation shall be fifty Capital stock, 
thousand dollars, and may be increased from time to time 
at the pleasure of said corporation. It shall be divided 
into shares of one hundred dollars each, and be issued and 
transferred and paid in in such manner and upon such con- 
ditions as the board of directors of said corporation may 
direct. 

§ 4. All the corporate powers of said corporation shall Management of 
be' vested in and exercised by a board of directors, and such *'^'''^*- 
ofiicers and agents as said board of directors shall appoint. 
The first board of directors shall consist of John T. Har- 
per, George L, Gibson, Robert G. IngersolJ, Daniel B. 
Webster, Robert T. Cassell, George H. "Campbell, George 
W. Fridley, Samuel H. Mitchell, James M. Harper and 
Samuel Saltonstall, and thereafter of not less than three nor 
more than seven stockholders, who shall be chosen each 
and every year by the stockholders at such time and in 
such manner as the said corporation shall by its laws pre- 
ecribe. The said directors shall hold their office until their 
successors are elected and qualified, and may fill any va- 
cancies which may happen in the board of directors by 
death, resignation or otherwise. They may also adopt such 
laws, rules and regulations for the government of said cor- 
poration and the management of its affairs and business as 
they may think proper, not inconsistent with the laws of 
this state. 

§ 5. The said corporation is hereby authorized to ex- Extension of— 
tend the said several railways herein authorized to be built ^rty ^ken.'^*'^ 
in the manner aforesaid, to any point or points within the 
city of El Paso, and to enable the said corporation to con- 
struct any or all of the railways herein authorized, or their 
appendages, the said corporation is hereby vested with 
power to take and apply private property for the purpose 
and in the manner prescribed by an act entitled "An act to 
amend the law condemning the right of way for purposes of 
internal improvement," approved June 22, 1852, and the 
several acts amendatory thereof, and may exercise all the 
powers conferred upon railroad corporations by the twenty- 
fifth and twenty-sixth sections of "An act to provide for a 
general system of railroad incorporations," approved JNo- 
vember 5th, 1849, ascertaining and making recompense for 
all damages sustained agreeable to the provisions of the act 
hereinbefore first mentioned: Provided^ the city council of Proviso, 
said city of El Paso may regulate the manner and places of 
laying railway tracks by said company and may prohibit by 
ordinance said company from laying its tracks at such 
places as may be deemed injurious to the public, and the 
fare for each passenger shall not exceed six cents. 

§ 6. In all cases where vehicles shall meet the cars or other vehicles 
carriages of said railway said vehicles shall give way to the *" ^''^^ '^''^• 
cars or carriages on the railway ; and the said corporation 



36 HORTICULTURAL SOCIETY. 

may purchase, take, bold, mortgage, lease and convey real 
estate. 
Indebtedness. § 7. The Said Corporation is authorized and empowered 
to borrow from time to time such sums of money as in their 
opinion may be deemed necessary to aid the construction of 
said railway, and pay any interest therefor, not exceeding 
ten per cent., and to pledge and mortgage the said railway 
or railways and its appendages, or any part thereof, or any 
other property or effects, rights or credits of said company 
as security for any loan of money or interest thereon, and 
to dispose of the bonds issued for such loan at such rate or 
on such terms as the board of directors may determine. 

§ 8. This act shall be a public act and noticed by all 
courts as such without pleading, and shall take etiect and 
be in force from and after its passage. 

Approved March 9, 1867. 



In force Feb'y -^^ ■^^'^ *^ incorporate the Alton Horticultural Society. 

IS, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois, rejyresented in the General Assembly, That John 
M. Pearson, David E. Brown, Henry G. McPike, James E. 
Starr and B. F. Long, officers, and their associates, mem- 

>'anie and style ^crs of the Altou Horticultural Society, be and are hereby 
declared to be a body politic and corporate under that name 
and style. 

Object. I 2. The object of the society being to advance the 

theory and practice of horticulture, they shall be allowed 
for these purposes only to acquire and hold real and per- 
sonal estate to the amount of fifty thousand dollars. 

Powers. g 3. This socicty shall have power to contract and be 

contracted with, to sue and be sued, to plead and to be im- 
pleaded, to answer and be answered unto, in all the courts 
of law and equity of this state, and shall further enjoy all 
the privileges incident to corporations of said character and 
not inconsistent with the laws of this state. 

Seal, etc. § 4- It sliall and may be lawful for said corporation to 

have and use a common seal, and the same at their pleas- 
ure to change, alter and make anew, and in general have 
and exercise all such rights, privileges and immunities as 
by law are incident to or necessary to the society herein 
constituted. 

Constitution § 5. The Bocicty shall have power to alter or amend 

power^to^^re- ^^^^'^ present constitution, to make, alter or repeal such by- 

peai, etc. laws as may be deemed necessary for carrying out the ob- 
jects of the society. 

§ 6. This act shall be in force from and after its passage. 
Approved February 18, 1867. 



HOTEL COMPANIES. 37 



AX ACT to incorporate the Jerseyville Hotel Companv. In force Feb'y 

IS, 1867. 

Section 1. Be it enaeted hy the People of the iState of 
Illinois, represented in the General Assembly, That William 
Shepherd, Hugh N. Cross, Henry O. Goodrich, John M. 
Smith, John L. White, Olarance Hammolton, F. Bertman, 
JolinE. Sandford, George H. Jackson, Benjamin Wedding, 
Levi D. Corey, J. George Scharz, Charles H. Bowman, N. 
L. Adams and O. P. Powel, shall be and are hereby con- 
stituted and declared a body corporate and politic, by the 
name and style of "The Jerseyville Hotel Company," from Kameand style 
and after the passage of this act ; and by that name they 
and their successors shall have successions, and shall in law corporate 
be capable of suing and being sued, plead and be impleaded powers, 
in all courts and places whatsoever ; may have a common 
seal, and alter the same at pleasure ; and their successors 
may, also, by that name and style, be capable in law of 
purchasing, accepting, holding, selling and conveying real 
and personal estate, for the benefit of said company. 

§ "2. The said company, hereby incorporated, shall have Business 
power to erect a hotel in the town of Jerseyville, state of po-^^firs. 
Illinois, and to have and use such powers and privileges in 
the erection of said hotel, not inconsistent with the la^sof 
this state, as may be conducive to the interest of said com- 
pany. 

§ 3. The capital stock of said company may consist of capital Block, 
fifty thousand dollars, to be divided into shares of one hun- 
dred dollars each. 

§ 4r. At their first meeting the stockholders uf said com- Election for 
pan J shall proceed to elect five directors by ballot, who shall 
manage, direct and govern the affairs of said company for 
one year from the period of their election, and until their 
successors are elected and qualified ; and at every election 
each stockholder shall be entitled to one vote for each share 
he may hold ; and a majority of all votes given shall be re- 
quired to make an election. The period of election of direc- 
tors as aforesaid shall be held annually, on the first Tuesday 
of the month in which the first election shall be held. 

§ 5. Within ten days after the directors are chosen as ^[f^^'ff^"^^^^ 
aforesaid they shall hold a meeting, at which, and at all cers. ^^ 
subsequent meetings of said board, a majority of the direc- 
tors shall constitute a quorum ; that they shall proceed to 
election of a president from their own body, a secretary, 
who shall be sworn by some justice of the peace, to the 
faithful discharge of his duty, and who shall also act as 
treasurer of said company, who shall record all votes of the 
corporation in a book kept by him for that purpose, who 
shall give bond to such an amount and in such manner as 
said president and directors shall direct ; and the board 



3S HOTEL COMPANIES, 

shall appoint all other officers and agents as to them shall 
seem necessary, 
stock subscrip- § 6. The Corporation shall have power to call for such 
-noliee"^ of— portlon of the stock subscribed, as they may think proper, 
deUnoTents"^"" ^*^ ^^ P^^*^ ^^ ^""^^ ^^^^^ ^^^^ placc as they may designate, 
by giving ten days' notice to each stockholder, in writing, 
or publishing the same in some nevjspaper in said town of 
Jersey ville, in which shall be Specified the amount required 
on each share, and the time and place of payment, and if 
any stockholder shall neglect or refuse to pay such call 
within ten days after the time named for such payment, the 
corporation may bring suit against any delinquent for the 
amount due and called for, in any court of competent juris- 
diction, and recover the same with two per cent, interest 
per month, and if the amount can not be made on execution 
or if said delinquent is out of the state, then the corporation 
may by an order on their books, declare such stock forfeited 
to the col-poration, with whatever may have been paid 
thereon, and such delinquent shall forfeit all his rights as 
a stockholder. 
By-laws, etc. § '^- The Said president and directors shall have power 

to make out and establish ail such by-laws, rules and regu- 
lations as shall be necessary and not inconsistent with the 
laws o'f this state, which may be necessary for the payment 
or collection ot the subscription to this stock or the transfer 
of the same, and of property that may in any other way 
concern the management and direction of the affairs of said 
company. 

§ 8. This act shall be construed favorably in all courts, 
and shall be in force from and after its passage, until a 
majority of the stockholders may vote for its dissolution. 
Approved February 18, 1867. 



In force. _Feb'y AN ACT to incorporate the Aurora Hotel Company. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That Charles 
L. Hoyt, M. McFarland, Eugene Canfield, R. W. Gates, 
Daniel Yolentine, L. A. Winslow, William Y. Plum, 
Charles A. Goodwin, Allen W. Stolp and A. G. McDole, 
and their associates and assigns, are hereby constituted a 
body politic and corporate, by the name and style of the 
Name and style "Aurora Hotcl Company," and by that name and style, 
they and their successors shall have perpetual succession, 
and shall be capable in law or equity of suing and being 
owers. sued, pleading and being impleaded, answering and being 

answered unto in all courts and places whatsoever, and as 



HOTEL COMPANIES. 39 

such may have a common seal, and may change or alter the 
same at pleasure ; and they and their successors may also, 
by that name and style, be capable of purchasing, holding, 
conveying and incumbering such real and personal estate 
as may be necessary for the purposes of said corporation. 

§ ^. Said company shall have and is hereby vested Business 
with power to erect and finish in complete order a hotel in ^°'^^^^' 
the city of Aurora, and it is hereby authorized to carry on 
the business of a hotel in said city, and to use and exercise 
all powers and privileges that may be useful or necessary 
for carrying on said business. 

§ 3. The capital stock of said company shall be fifty ^«p^*^i ^^""^^ 
thousand dollars, ($50,000) and shall be divided into one 
thousand shares of fifty dollars each. Said stock may be 
increased from time to time by order of a majority of the 
stockholders at any meeting of said company, or of the 
board of directors oV the same, to an amount not exceeding 
the sum of two hundred thousand dollars, ($200,000.) 

§ 4. The first meeting of said corporation may be called Meetings. 
by any two of the corporators herein named, by giving one 
week's notice in any newspaper published in said city of 
Aurora, of the time and place of said meeting, at which, 
or at any subsequent meeting of the same, said corporators 
may adopt such by-laws not inconsistent with the laws of 
this state, as the interests of said corporation may require, 
and also provide upon what terms and conditions, and in 
what mode the said stock of said corporation may be sub- 
scribed and taken. 

§ 5. When five hundred shares of said capital stock Organization, 
shall have been subscribed, it shall be the duty of said cor- 
porators, or such number of them as may have been desig- 
nated for that purpose, at some meeting of the same, to call 
a meeting of the subscribers to such stock, by giving not 
less than ten days' notice in some newspaper published in 
said city, at which meeting said subscribers shall proceed to 
elect nine directors for said corporation, who when elected 
shall organize by the election of a president, vice-president, 
secretary and treasurer, and who from thence shall exercise 
all the powers of said corporation. 

§ 6. Such board of directors shall within three months Directors. 
from the time of their election as aforesaid, fix the time for 
the annual meeting of the stockholders of said corporation, 
at which time annually, said board of directors shall be 
elected, unless said corporation at some annual meeting 
shall otherwise provide. Notice of such annual meetings 
shall be given each year as is hereinbefore provided : Pro- Proviso. 
Vided, hoioever, that in case any default in auj of the provi- 
sions of this section shall be made, this charter shall not be 
held to be forfeited thereby, nor shall said corporation be 
held to be without an organization by reason thereof: A7id 



40 HOTEL COMPANIES. 

Proviso 'provided Jurther, that the officers of said corporation shall 

remain in office in all cases, until his or their succes.-^or or 
successors shall be duly elected and qualified, according to 
the provisions of this charter, or the rules of said corporation. 

§ 7. This act shall be deemed to be a public act, and 
shall take eifect from and after its passage. 

Approved February 9, 1867. 



In loir.e Feb'y 
9, 1867. 



Corporators. 



Name and styl 



Corporate 
powers. 



Business 
powers. 



Capital stock. 



Stock subscrip 
tion. 



AN ACT to incorporate a hotel company in the city of Quiucy. 

Section 1. Be it enacted hy the People of the State of 
Illinois, repretented in the General Assembly, That John 
Wood, Cliarles H. Curtiss, Elijah Gove, Thomas Jasper, 
James W. Singleton, Henry Root, Edward Wells, Almeron 
Wheat, Willard Keyes, James M. Pitman, Charles A. 
Savage, Onias C. Skinner, J. J. S. Wilson, Isaac O. "Wood- 
ruff, James D. Morgan, xlmos (rreen, William McFaddon, 
Eobert S. Eenneson, Isaac N. Morris, John P. Cadogan, 
and Emerson M. Miller, and their associates, heirs and 
assigns, are hereby constituted a body politic and corporate, 
by the name and style of the '• Quincy Hotel Company," 
and by that name and style they and their successors shall 
have perpetual succession, and shall be capable in law of 
suing and being sued, pleading and being impleaded, an- 
swering and being answered, in all courts and places what- 
soever j and as such may have a common seal, and may 
change and alter the same at jjleasure ; and they and their 
successors, may also, by that name and style, be capable in 
law of purchasing, holding and conveying real and personal 
estate for the uses and purposes of said corporation ; which 
real estate shall not, however, exceed in quantity ten acres 
of ground, on which to erect said hotel and other appurte- 
nances which may be necessary to said hotel. 

§ 2. Said company shall have and is hereby vested with 
power to erect and fully complete and furnish a hotel in the 
city of Quincy, in the state of Illinois ; and is also hereby 
authorized to carry on the business of a hotel in said city 
and to use and exercise all powers and privileges which may 
be necessary for tran-sacting said business. 

§ 3. The capital stock of said company shall be two 
hundred and fifty thousand dollars, and shall be divided 
into two thousand five hundred shares of one hundred dol- 
lars each. Said company shall have the power to increase 
the capital stock, should it deem it necessary to carry out 
the object contemplated by said corporation. The corpo- 
rators,' or a majority of them, are hereby authorized to ap- 
• point three commissioners to receive subscriptions for said 
stock, and a book for subscriptions shall be opened at such 



HOTEL COMPANIES. ^1 

time and place as said commissioners or a majority of them 
shall aopoint, by a notice printed in some pubhc newspaper, 
published in said city of Quincy, at least ten days betore 
the day appointed for said subscription ot stock. it the 
requisite number ot shares shall not then be subscribed, 
said commissioners shall take such measures to complete 
said subscriptions, as they or a majority of them shall deem 
proper Every subscriber shall, pay, at such times 'and in 
such amounts as said company may order, such assessments 
as may, from time to time, be made upon the sh?re or 
shares of stock subscribed by him. i i n r- . 

§ 4. As soon as one thousand shares ot said stock shall Directors. 
have been subscribed, said commissioners shall appoint a 
time and place, by 'advertisement, as aforesaid, tor the 
raeetino- of said subscribers, for the purpose of choosing nine 
directors. At all elections of said company each stockhol- 
der .sball be entitled to one vote for every share he or sbe 
mav hold, and may vote by proxy. Said commissioners 
shall be the judges of the first election, and their certihcate 
of the persons elected shall be evidence of the lact._ ihe 
elections of directors and other necessary officers, alter the 
first, shall take place and be conducted at such times and 
such manner as said board of directors shall order. A 
majority of the said directors, thus chosen, shall have power 
to transact the business of the corporation and their acts 
shall be binding on the company. . 

8 5 Said directors shall appoint one of their number President, 
president of the board, and shall have power to establish 
such rules, regulations and by-laws as may be necessary 
and not inconsistent with the laws of the state and United 
States, for the transfer and payment of the stock or proper- 
ty of the company, and for the direction and management 
of its affairs. , . . . , 

§ 6. Said corporation shall have power to borrow money indebtedues.. 
at such rates of interest (not exceeding ten per cent, per 
annum) as may be agreed upon, and to issue its bonds 
therefor, and may convey in pledge or security theretor the 
property, real and personal, of said, corporation. Said cor- 
poration, by its dir-^tors, sball have power to require pay- 
ment of the sums subscribed to the capital stock, at such 
times and in such proportions as they shall deem fit, and 
upon such notice being given ofsu^li calls for payment, as 
the rules adopted by said corporation may prescribe ; and 
on failure to pay the same as required, said corporation 
shall have power either to forfeit the shares of sucn delin- 
quent stockholders to the company, or to sell the same upon 
such notice as the rules and by-laws of said corporation 
may prescribe ; and the amount received upon such sales 
shall be applied first in the discharge of whatever amount 
may be due from said stockholder by reason of such delin-^ 
quencv and of all costs of such sale, and the balance, it 



42 

Proviso. 



HOTEL COMPANIES. 

any, shall be paid over to such stockholder: Provided^ that 
the right of forfeiture or of sale above given shall not pre- 
vent said company from suing for and collecting from such 
delinquent stockholder the amount due upon such calls, by- 
action of debt or assumpsit. 

§ 7. Said company shall have the power to lease their 
property (should they deem it expedient so to do) or any 
part of the same. 

§ 8. This act shall be in force and take effect from and 
after its pasage. 

Approved February 9, 1867. 



In force Feb'y 
14, 18G7. 



AN ACT to incorporate the Paris Hotel Company. 



Section 1. Be it enacted ty the People of the State of 
Illinois^ represented in the General Assembly, That An- 
drew J. Hunter, James A. Eads, James K. Douglass, Napo- 
leon B. Stage, Milton M. Dill, William Kile, Lawrence 
Gats, and Hiram Sanford, [and] allsuch other persons as have 
subscribed or may subscribe for stock in an association 
formed for the purpose ol building a hotel in the town of 
Paris, Edgar county, Illinois, are hereby constituted and 
declared a body politic and corporate, by the name and style 
Name and style of the " Paris Hotcl Company," and by that name and 
style they may contract and be contracted with, sue and be 
sued, plead and be impleaded in all courts of law and 
equity, and make and use a common seal, and alter the 
same at pleasure ; may acquire, by purchase or otherwise, 
and hold such real and personal estate as may be necessary, 
useful or convenient to accomplish the objects of said asso- 
ciation, and convey the same. Said association shall have 
power to prescribe the number and duties of its officers, 
and to make such rules and regulations and by-laws as they 
may deem proper : Provided, the same shall not be incon- 
sistent with the laws and constitution of this state or of the 
United States. 

§ 2. Said corporation shall have power to erect, build 
and maintain a hotel in the town of Paris, and the capital 
stock of said company shall be fifty thousand dollars ; which 
shall be divided into shares of fifty dollars each, and such 
shares shall be considered personal property, and may be 
transferred in such manner as said corporation shall pro- 
vide. The stockholders of said company shall be entitled 
to one vote for each share of stock held respectively by 
such stockholders in all business meetings of such stock- 
holders. 



Corporate 
powers. 



business 
powers. 



X 



HOTEL COMPANIES. 4:3 



8 3 Whenever thirty thousand dollars shall be sub- organization, 
scribed to the capital stock of said company, said company 
may proceed to organize, make calls npon its stock and. 
proceed to carry out the objects of said association, baid 
corporation shall have power to lease or rent said hotel, and 
shall have power to fit up, use or lease any portion ot said 
hotel building for stores, bars, saloons, shops, ofhces, etc., as 

they may deem proper. , , , , 

§ 4 Said corporation shall have power to borrow mon- indebtedness, 
ey at such rates of interest, not exceeding ten per cent, per 
annum, as mav be agreed upon, and to issue its bonds 
therefor, and inay convey in pledge or security therelor the 
property, real or personal, of said corporation. Said corpora- 
tion by its managers or directors shall have power to require 
payment of the sums subscribed to the capital stock, at such 
times and in such proportions as they shall deem fit; and up- 
on such notice being given of such call for payment as the 
rules adopted bv said corporation may prescribe, and a failure 
to pay the same as required, said corporation shall have pow- 
er either to forfeit the shares of such delinquent stockhold- 
ers to the company, or to sell the same, upon such notice 
as the rules or by-laws of said corporation may prescribe ; 
and the amount received upon such sales shall be applied, 
first, in the discharge of whatever amount may be due from 
said stockholder, by reason of such delinquency, and of all 
costs of such sales, and the balance, if any, shall De paid 
over to such stockholder : Provided, that if the purchaser Provis.. 
of such stock shall be other than said company, he shall be 
liable for whatever amount ol such stock shall have b.een 
uncalled for at the time of such purchase : And provided, 
further, that the right of forfeiture or of sale, above given, 
shall prevent said company from suing for and collecting 
from such delinquent stockholder the amount due upon 
such calls, by action of debt or assumpsit. 

§ 5. This act is hereby declared to be a public act, and constructi 
the same shall be construed liberally for the purposes here- 
in granted, and shall take effect and be in force from and 
after it passage. 

Appkoved February 14, 1867. 



AN ACT to incorporate a Hotel Company in the city of Carlinrille. In fo^r^e J^b'y 

Section 1. Be it enacted hy the People of the State of 
Unoiff. represented in the General Assembly, That John 



on of 



Illinois, / t^/ C-OC//C/l/t/l>w t//B vivK/ ^^.^^.^•. .r^i'l t^ 

AI Palmer, Charles A. Walker. William M. Maddox, George 
ii Holliday, Thaddeus L. Loomis, O. H. O. Anderson 
B T Burke, A. McKim Dubois and John T. McConneil, 



44 



HOTEL COMPANIES. 



Corporate 
powers. 



Business 
povvers. 



and their associates, are hereby declared and constituted a 
body politic and corporate, by the name and style of " The 

Name and style Carlinville Hotcl Company," and by that name and style 
they may contract and be contracted with, sue and be sued, 
plead and be impleaded, in all the courts of law and equity, 
and make and use a common seal, and alter the same at 
pleasure ; may acquire, by purchase or otherwise, and hold 
such real and personal estate as may be necessary, useful 
and convenient to accomplish the objects of said association, 
and convey the same, Said association shall have power to 
prescribe the number and duties of its officers and make such 
rules, regulations and by-laws, as they may deem proper: 
Provided, the same shall not be inconsistent with the laws and 
constitution of this state and of the United States. 

§ 2. Said corporation shall have power to erect, build 
and maintain a hotel in the city of Carlinville, and the cap- 

capitai stock, ital stock of Said company, shall be twenty-live thousand 
dollars ; said company shall have the power to increase the 
same to tilty tiiousand dollars, which stock shall be divided 
into shares of fifty dollars, and such shares shall be con- 
sidered personal property, and may be transferred in such 
manner as said corporation shall provide. The stockhold- 
ers of said company shall be entitled to one vote tor each 
share of stock held respectively, by such stockholders, in 
all business meetings of such stockholders. 

§ 3. Whenever ten thousand dollars shall be subscribed 
to the capital stock of said company, said company may 
proceed to organize, make calls upon its stock, and proceed 
to carry out the objects of said association. Said corpora- 
tion shall have power to lease or rent said hotel, and shall 
have power to tit up, use or lease any portion of said hotel 
building for stores, offices, etc., as they may deem proper, 

§ 4. Said corporation shall have power to borrow money 
at such rates of interest, not exceeding ten per cent, per an- 
num, as may be agreed upon, and to issue its bonds there- 
for, and may convey in pledge or security therefor, the 
property, real or personal, of said corporation. Said corpo- 
ration, by its managers or directors, shall have power to re- 
■ quire payment of the sums subscribed to the capital stock, 
at such times and in such proportions as they shall deem tit, 
and upon such notice being given of such calls for payment 
as the rules adopted by said corporation may prescribe, and 
on failure to pay the same as required, said corporation shall 
have power, either to forfeit the shares of such delinquent 
stockholder to the company, or to sell the same upon such 
notice as the rules or by-laws of said corporation may pre- 
scribe ; and the amount received upon such sales shall be 
applied, first, in the discharge of whatever amount may be 
due from said stockholder, by reason of such delinquency, 
and of all costs of such sale, and the balance, if any, shall 
be paid over to such stockholder: Provided, that if the pur- 



Organization. 



Indebtedness. 



Payment 

stock. 



HOTEL COMPANIES. 45 

chaser of such stock shall be other than such company, he 
shall be liable for whatever amount of such stock shall 
have been uncalled for at the time of such purchase : A^id 
provided further, that the right of forfeiture or of sale above 
given shall not prevent said company from suing for, and 
collectino- from such delinquent stockholder the amount due 
upon such calls by action of debt or assumpsit, 

§ 5. This act shall be in force from and after its pas- 
sage. 

Appkoved February 16, 1807. 



AN ACT to incorporate the DeSoto Hotel Company. In force Feb'y 

16, 1367, 

Section 1, Be it enacted by the People of the State of 
Illinois, represented in \the'\ General Assetnbly, That Nel- 
son Stillman, William Goldthorp, Joseph Goldthorp, Thom- 
as Gordon, Frank J3arr, Lucius S. Felt and A'^athan Corwith, 
and such other persons as may atan^- time own stock there- 
in, are hereby constituted a body corporate, under the name 
and style of " The DeSoto Hotel Company ;" said company Name and styis 
shall have a corporate seal, which may be altered at pleas- 
ure ; said company is hereby authorized to take a convey- 
ance of lots six, (6) seven (7) and eight, (8) on the east side 
of Main street, and between Main and Commerce streets, 
in the city of Galena, in the state of Illinois, and hold and 
convey the same by contract, lease, deed or otherwise, and 
bring suits or be sued, in relation thereunto, the same as 
a natural person might or could do. 

§ 2. The capital stock of said company shall be forty capital stock. 
thousand dollars, divided into shares of lifty dollars each, 
which shall be deemed personal property, and may be is- 
sued, and transferred, in such manner as the board of di- 
rectors shall prescribe. At all meetings of the stockholders, 
each share of stock shall be entitled to one vote, and owners 
of stock not present may vote by proxy. 

§ 3. After the creation of this charter, the first meeting Meetineta-no- 
of said company shall be upon notice signed by a majority ^"^® °^" 
of the corporators herein mentioned, and published for 
thirty days prior to said meeting, in a newspaper published 
in the city of Galena, in the state of Ilinois, specifying the 
time and place of meeting, at which time the said corpora- 
tors or a majority present, shall proceed to elect a board of ^i?!;'^""^^^ 
directors, three in number, and the board of directors so presidsnt. 
elected shall elect one of their number president of the 
company, and the said president and directors to hold of- 
fice, as hereinafter provided. The stockholders of said 
company may at any time call a meeting of said company 



46 HOTEL COMPANIES. 

for the election of directors, or any otlier proper purpose, 
upon a notice signed by sucli stockholders as own a majority 
of the stock of said company, specifying the time and place 
of meeting, and published as is above provided for the lirst 
meeting of said company. The president and directors 
shall continue in office until their successors are elected. 
The board of directors may appoint a secretary, who may 
also act as treasurer of the company. 
Real estate. § 4-, The real estate of said company may be conveyed 

by any proper instrument in writing, signed by the presi- 
dent and directors, and attested by the corporate seal. 

§ 5. This act shall be taken as a public act, and be in 
force from and after its passage. 

Approved February 16, 1867. 



In fi)ree Feb'y 
18, 1867. 



AN" ACT to incorporate the Waukegan Hotel Company. 



Section 1. Be it enacted hy the Peoi^e qf the State of 
Ulinois, represented in the General Assembly^ That Wil- 
liam B. Dodge, Charles R. Steele, William C. Tiffany, 
Clark W. Upton and Henry W. Blodgett, of the city of 
Waukegan, in the county of Lake, with such persons as 
may become associated with them under the provisions of 
this act, are hereby created a body politic and corporate. 
Name and style Under the name and style of " Waukegan Hotel Com- 
pany." 

apitai stock. § 2. The Capital stock of said company shall consist of 
one hundred thousand dollars, to be divided into shares of 
one hundred dollars, which said capital stock shall be sub- 
scribed and paid for in such manner and on such terms as 
the board of directors of said company shall determine. 

owers,etc, § 3. Said Corporation shall have power to plead and be 

impleaded, sue and be sued, contract and be contracted 
with, to the same extent as a natural person, and shall also 
have power to acquire and hold real estate sufficient for its 
purposes, and to sell or exchange the same, as its interests 
may require ; and to build and maintain upon the property 
acquired by it, a hotel, with such other tenements as may 
be deemed best for the interest of said company, and to 
lease and manage the same as its board of directors shall 
from time to time deem proper. 

irectors. § 4. The affairs of said corporation shall be managed 

by a board of five directors, who shall be elected annually 
by the stockholders of said company in such manner as the 
by-laws of said company shall direct, and who shall hold 
their offices until their successors shall be chosen ; but the 
persons named in the first section of this act shall constitute 
the first board of directors. 



HOTEL COMPANIES. 47 

§ 5, Said corporation is hereby authorized to adopt a Se 
seal, and make by-laws for the management of its affairs, not 
inconsistent with this act, or tlie laws and constitution of • 
this state ; and shall also have power to create such mort- 
gages or liens upon its property as its board of directors indebtedness. 
shall deem proper to accomplish the purposes of said com- 
pany ; to make and issue bonds or certificates of indebted- 
ness, and secure the payment thereof, with such interest as 
may be stipulated by conveyance, pledge or mortgage of 
the property and franchises of said company, in such form 
and way as the board of directors shall see lit. 

§ 7. " This act to take effect and be in force from and 
after its passage. 

Approved February 18, 1867. 



AN ACT to incorporate the Evan&ton Hotel Compaav. In force Feb'y 

20, 1S67. 

Section 1. Be it enacted hy the People of the State of 
lilinois, represented in the General Assembly^ That Wil- 
liam S. Brew^ster, John Glough, Joseph M. Lyons, Richard 
Somers and Edwin Haskin, with such other persons as are 
or may be associated with them, or such as may become 
stockholders in the Evanston Hotel Company, are hereby 
incorporated as a body politic and corporate, by the name 
and style of the " The Evanston Hotel Company," and Name and style 
under that name and style are capable of contnicting and 
being contracted with, suing and being sued in law and Powers, 
equity, in all places whatsoever, in as full and ample man- 
ner as natural persons ; and may make and use a common 
seal, and alter or renew the same at pleasure ; and by their 
corporate name and seal may contract and be contracted 
with, and shall be and hereby are invested with all the 
powers, immunities and franchises necessary in acquiring, 
holding and conveying all real and personal property which 
may be needful to carry into effect the purposes and objects 
of this act. 

§ 2. The said company shall have and is hereby vested May erect hotel, 
with power to erect and finish in complete order, a hotel in 
the village of Evanston ; and it is hereby authorized to 
carry on the business of a hotel in said village, and to use, 
exercise all powers and privileges deemed necessary to the 
successful prosecution of the business of said company. 

§ 3. The capital stock of this company shall not exceed Capital stock. 
the sum of two hundred thousand dollars, divided into 
shares of one hundred dollars each, which shall be deemed 
personal property, and may be issued and transferred in Transfer stoek" 
such manner as the board of directors may prescribe ; —notice?^" ^ 
and said board of directors shall have power to make 



48 HOTEL COMPANIES. 

assessments on stockliolders in such amounts as they 
may think proper, in liquidation of the iadebtedness of 
said company ; and on refusal or neglect of any stockholder 
to make payment as aforesaid, on requisition of the board 
of directors, the share or shares of such delinquent may be 
sold by order of the board, by giving ten days' notice, 
under such rules and by-laws as may be established by the 
board, and the surplus, after deducting the assessment due 
said corporation, shall be paid to such delinquent stock- 
holders. 

Directors. § 4r. The corporatiou hereby created shall be managed 

by a board of directors, of not less than three nor more 
than live persons, citizens of the village of Evanstun, who 
shall be chosen from and shall be stockholders in said com- 
pany, and hold their ofKce for two years, or until their suc- 
cessors are elected. 

Books of sub- K 5 The iucorporators herein named are iierebv author- 

scnption. . "^ 11^,. 1 1 • 1- i ii J 1 ,• • 1 

ized to open books lor the subscription to the stock oi said 
company, at such time and place as they may think proper, 
and call an election of a board of directors, and each share 
of stock shall be entitled to one vote, by the holder thereof 
or his proxy. 
i^y- § 6. The corporation hereby created, when organized, 
shall be conducted by its directors, one of whom shall be 
elected president. They shall have power to make such by- 
laws, rules and regulations for conducting the atiairs of the 
company, the election of directors, and appoint such officers, 
agents and employees, and prescribe the duties of the same, 
as to them may seem necessary, not inconsistent with the 
laws of this state. 

§ 7. This act shall be in force from and after its pas- 



President 
laws — a^eut: 



Approved February 20, 1867. 



In force Feb'y AN ACT to incorporate a Hotel Company in the city of Bloomington. 
19, 1867. 

.' y Section 1. Be it enacted by the People of the State of 

Illinois, represented in the General Assembly, That Owen 
T. Reeves, Almon B. Ives, John E. McClun, Peter Whit- 
mer, George Bruner, William I. Lewis, Stephen W. Noble, 
Frank Oberkoetter, George "W. Stipp, William II. Hanna, 
Asahel Gridley, John M. Scott, Michael Swann and Jacob 
Hayers, and all such other persons as have subscribed or 
may subscribe for stock in an assoication formed for the 
])urpose of building a hotel in the city of Bloomington, 
Illinois, on lots one hundred and four (lOi) and one hundred 
and five (105), in James Allin's first addition to Blooming- 
ton, Illinois, are hereby constituted and declared a body 



HOTEL COMPANIES. 49 

politic and corporate, bj the name and style of the "Eloom- Name i»nd styia 
ington Hotel Company," and by that name and style they 
may contract and be contracted with, sue and be sued, plead 
and be impleaded, in all the courts of law and equity, and 
make and use a common seal and alter the same at pleasure ; 
may acquire, by purchase or otherwise, and hold such real 
and personal estate as may be nescessary, useful and con- 
venient to accomplish the objects of said association, and 
convey the same. Said association shall have power to pre- 
scribe the number and duties of its officers, and make such 
rules, regulations and bj^-laws, as they may deem proper : 
Provided^ the : same shall not be inconsistent with the 
laws and constitution of this state and of the United States. 

§ 2. Said corporation shall have power to erect, build c"*?'**' '''°'^''- 
and maintain a hotel in the city of Bloomington ; and the 
capital stock of said company, shall be fifty thousand dol- 
lars. Said company shall have the power to increase said 
capital stock to one hundred thousand dollars ; which stock 
shall be divided into shares of one hundred dollars, and 
such shares shall be considered personal property, and may 
be tranferred in such manner as said corporation shall pro- 
vide. The stockholders of said company shall be entitled 
to one vote for each share of stock held, respectively, by such 
stockholders, in all business meetings of such stockholders. 

S 3. Whenever fifty thousand dollars shall be subscribed when may 

. '\ -i. 1 i. 1 r • 1 -1 organize, etc. 

to the capital stock ot said company, said company may 
proceed to organize, make calls upon its stock and proceed 
to carry out the objects of said association. Said corpora- 
tion shall have power to lease or rent said hotel, and shall 
have power to fit up, use or lease any portion of said hotel 
building for stores, ofiices, etc., as they may deem proper. 

§ 4. Said corporation shall have power to borrow money May borr»w 
at such rates of interest, not exceeding ten per cent, per an- ™°°®y- 
Bum, as may be agreed upon, and to issue its bonds there- 
for, and may convey in pledge or security therefor the pro- • 
perty, real or personal, of said corporation ; said corpora- 
tion, by its managers or directors, shall have power to re- 
quire payment of the sums subscribed to the capital stock 
at such times and in such proportions as they shall deem fit ; 
and upon such notice being given of such calls for payment 
as the rules adopted by said corporation may prescribe, and 
a failure to pay the same as required, said corporation shall 
have power either to forfeit the shares of such delinquent 
stockholder to the company or to sell the same upon such 
notice as the rules or by-laws of said corporation may pre- 
scribe, and the amount received upon such sales shall be 
applied first in the discharge of whatever amount may be 
due from said stockliolder by reason of such delinquency 
and of all costs of such sale, and the balance, if any, shall be 
paid over to such stockholder : Provided, that if the purchaser 
of such stock ehall be other than said company he shall be 
Vol. II— 4 



50 HOTEL COMPANIES. 

liable for whatever amount of such stock shall have been 
uncalled for at the time of such purchase : And provided, 
further^ that the right of forfeiture or of sale above given 
shall not prevent said company from suing for and collect- 
ing from such delinquent stockholder the amount due upon 
such calls, by action of debt or assumpsit, which right so to 
sue is hereby given to said corporation. 

§ 5. This act shall be in force from and after its pas- 
sage, and is hereby declared to be pubhc act. 

Appkoveu February 19, 1867. 



In force Feb'y 
21,1867. 



Name and style. 



Powers, etc. 



Capital stock. 



AN ACT to incorporate the Hyde Park Hotel Company. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That Irving 
J. Pearce, S. S. Benjamin and William "VV. Strong, and their 
associates, are hereby created a body corporate and politic, 
by the name and style of "The Hyde Park Hotel Com- 
pany," and by that name and style may have perpetual 
succession; may sue and be sued; have a common seal; 
make contracts, and own or occupy so much real estate as 
shall be necessary for the transaction of their business ; 
may make by-laws, and have and enjoy all the rights and 
privileges and be subject to all the liabilities of abody cor- 
porate and politic. 

§ 2. The said company are hereby authorized to erect, 
lease, purchase or hire a hotel in the town of Hyde Park, in 
the county of Cook, and state of Illinois; and may main- 
tain and operate the same, with all necessary stables, out 
houses and appurtenances or incidents, and be subject "to, 
all the liabilities, and have and enjoy all the rights and pri- 
vileges of innkeepers, 

§ 3. The capital stock of said company shall be one hundred 
thousand dollars ; but the same may be increased, by a vote 
of the stockholders, to two hundred thousand dollars. The 
said stock shall be deemed personal property, and shall be di- 
vided intD shares of one hundred dollars each, on the books 
of the company, in the manner provided by the by-laws. 
The business of said company shall be conducted by a 
board of three directors, to be elected annually by the 
stockholder ; sand the directors may make the by-laws and 
elect or appoint such other officers and agents as they shall 
deem proper. The capital stock of said company shall be 
paid in at such times and in the manner and installments re- 
quired by the directors, and they may declare any share 
forfeited, on which remains due and unpaid for the period 
of three months any installment thereon. Each share of 



HOTEL COMPANIES. 61 

stock shall entitle the holder thereof to one vote in the 
election of directors or to increase the capital stock. 

§ 4. This act shall be a public act, and be in force from 
and after its passage. 

Approved, February 21, 1867. 



AN ACT to incorporate the Peoria Hotel Company. In force Feb'y 

22, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Thomas 
S. Dobbins, Tobias S. Bradley, Charles Ballance, L. G. 
Pratt, J. Littleton, D. 0. Farrell, L. Howell, Charles P. 
King and Washington Cockle, and all such other per- 
sons as may subscribe for stock in an association to be 
formed for the purpose of building a hotel in the city of 
Peoria, Illinois, are hereby constituted and declared a body 
politic and corporate, by the name and style of " The Name and style 
Peoria Hotel Company ;" and by that name and style they 
may contract and be contracted with, sue and be sued, 
plead and be impleaded in all the courts of law and equity, 
and make and use a common seal, and alter the same at 
pleasure ; may acquire, by purchase or otherwise, and hold powers, etc. 
such real and personal estate as may be necessary, useful 
and convenient to accomplish the objects of said associa- 
tion, and convey the same. Said association shall have 
power to prescribe the number and duties of its officers, 
and make such rules, regulations and by-laws as they may 
deem proper : Provided, the same shall not be inconsistent 
with the laws and constitution of this state ^nd of the Uni- 
ted States. 

§ 2. Said corporation shall have power to erect, buiJd Capital Etock. 
and maintain a hotel in the city of Peoria; and the capital 
stock of said company shall be two hundred thousand dol- 
lars. Said company shall have the-power to increase the 
same to five hundred thousand dollars; which stock shall be 
divided into shares of one hundred dollars each, and such 
shares shall be considered personal property and may be _ . 

transferred in such manner as said corporation shall pro- 
vide. The stockholders of said company shall be entitled 
to one vote for each share of stock held respectively by 
such stockholders, in all business meetings of such stock- 
holders. 

§ 3. "Whenever one hundred thousand dollars shall be organization, 
subscribed to the capital stock of said company, said com- 
pany may proceed to organize, make calls upon its stock, 
and proceed to carry out the objects of said association. 
Said corporation shall have power to lease or rent said 



52 



HOTEL COMPANIES. 



Indebtedness. 



Prior act? 
repealed. 



hotel, and shall have power to fit up, use or lease any por- 
tion of said hotel building for stores, offices, etc., as they 
may deem proper. 

§ 4. Said corporation shall have power to borrow money 
at such rates of interest, not exceeding ten per cent, per 
annum, as may be agreed upon, and to issue its bonds there- 
for, and may convey in pledge or security therefor the 
property, real or personal, of said corporation. Said cor- 
poration, by its managers or directors, shall have power to 
require payment of the sums subscribed to the capital 
stock, at such times and in such proportions as they shall 
deem fit; and upon such notice being given of such calls 
for payment as the rules adopted by said corporation may 
prescribe, and a failure to pay the same, as required, said 
corporation shall have power, either to forfeit the shares of 
such delinquent stockholder to the company, or to sell the 
same, upon such notice as the rules or by-laws of said cor- 
poration may prescribe; and the amount received upon such 
sales shall be applied, first, in the discharge of whatever 
amount may be due from said stockholder by reason of 
such delinquency, and of all costs of such sale, and the 
balance, if any, shall be paid over to such stockholder: 
Provided, that if the purchaser of such stock shall be other 
than said company, he shall be liable for whatever amount 
of such stock shall have been uncalled for at the time of 
such purchase : And, jprovided, further, that the right of 
forfeiture or of sale, above given, shall not prevent said 
company from suing for and collecting from such delin- 
quent stockholder the amount due upon sach calls, by action 
of debt or assumpsit, 

§. 5. This act shall take the place of and be considered 
a substitute for an act entitled "An act to incorporate the 
Peoria Hotel Company," approved by the general assem- 
bly Feb. 16, 1865, which said act is hereby repealed. 

§ 6. This act shall be in force from and after its passage. 

Approved February 22, 1867. 



1° force^^Feb'y AN ACT to incorporate a Hotel Company in the city of Ottawa, Illinois. 

Section 1. Be it enacted ly the Peojple of the State of 
Illinois, represented in the General Assembly, That John D. 
corporateri. Catou, Joscph O. Glover, Wm. H. W. Cushman, Julius 
Avery, D. F. Cameron, Lorenzo Leland, Edward F. Tur- 
ner, 'William Reddick, John F. Vash, S. W. Cheever, T. 
Lyle Dickey and E. Y. Griggs, L. II. Fames, S. C. Walker 
and Wm. Heckling, and all such other persons as have sub- 
scribed or may subscribe for stock in an association formed 



HOTEL COMPANIES. 53 

for the purpose of building a hotel in the city of Ottawa, Purposes. 
in said state, are hereby constituted and declared a body 
politic and corporate, by the name and style selected by 
said corporators; and by that name and style they may 
contract and be contracted with, sue and be sued, plead Powers. 
and be impleaded in all the courts of law and equity, and 
make and use a common seal, and alter the same at plea- 
sure ; may acquire, by purchase or otherwise, and hold such 
real and personal estate as may be necessary, useful and 
convenient to accomplish the objects of said association, and 
convey the same. Said association shall have power to pre- 
scribe the number and duties of its officers, and make such 
rules, regulations and by-laws as they may deem proper ; 
Provided^ the same shall not be inconsistent with the laws 
and constitution of this state and of the United States. 

§ 2. Said corporation shall have power to erect, build capital stock, 
and maintain a hotel in the city of Ottawa ; and the capital 
stock of said company shall be two hundred thousand dol- 
lars. Said company shall have the power to increase the 
same to five hundred thousand dollars; which stock shall be 
divided into shares of one hundred dollars; and such shares 
shall be considered personal property, and may be trans- 
ferred in such manner as said corporation shall provide. 
The stockholders of said company shall be entitled to one 
vote for each share of stock held respectively by such stock- 
holders, in all business meetings of such stockholders. 

§ 3. Whenever fifty thousand dollars shall be subscribed organization 
to the capital stock of said company, said company may 
proceed to organize, make calls upon its stock, and proceed 
to carry out the objects of said association. Said corpora- 
tion shall have power to lease or rent said hotel, and shall 
have power to lit up, use or lease any portion of said hotel 
building for stores, offices, etc., as they may deem proper. 

§ -i. Said corporation shall have power to borrow money, indebtedness 
at such rates of interest, not exceeding ten per cent, per 
annum, as may be agreed upon, and to issue its bonds there- 
for, and convey in pledge or security therefor the property, 
real or personal, of said corporation. Said corporation, by 
its managers or directors, shall have power to require pay- 
qaent of the sums subscribed to the capital stock at such 
times and in such proportions as they shall deem fit; and 
upon such notice being given of such calls for payment, as 
the rules adopted by said corporation may prescribe, and a 
failure to pay the same, as required, said corporation shall 
have power, either to forfeit the shares of such delinquent 
stockholders to the company, or to sell the same, upon such 
notice as the rules or by-laws of said corporation may pre- 
scribe ; and the amount received upon such sales shall be 
applied, first, in the discharge of whatever amount may be 
due from said stockholder by reason of such delinquency, 
and of all costs of such sale, and the balance, if any, shall 



54 HOTEL COMPANIES. 

be paid over to such stockholder: Provided, that if the 
purchaser of such stock shall be other than said company, 
he shall be liable for whatever amount of such stock shall 
have been uncalled for at the time of such purchase : And, 
2>rovided, further, that the right of forfeiture or of sale, 
above given, shall not prevent said company from suing for 
or collecting from such delinquent stockholder the amount 
due upon such calls by action of debt or assumpsit. 

§ 5. This act shall be in force from and after its passage. 

Approved February 21, 1867. 



In force Feb'y AN ACT to incorporate the Naples Hotel Company. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That John 
Linkins, John Lindsay, Thomas 0. Keener, Frederick S. 
Keener, Thomas Hollowbush, Peter D. Critzer, James 
Abrams, Pressley G. Athey, John Abbott, Manoah H. 
Mauck, Thomas Welch, John Chambers, Henry Diesser, 
WiUiam Frimlin, John A Fooshee, sen., and Charles B. 
Lear, and their successors, are hereby constituted a body 
politic and corporate, for the purposes hereinafter provided, 

Name. to be Called " The Naples Hotel Company." 

Powers, etc. § 2. Said Corporation shall have the power, to build, 

own and use a hotel building in the town of JSTaples, Scott 
county, state of Illinois, of any size and dimensions said 
company may deem proper, and for that purpose may pur- 
chase and own real and personal estate sufficient for said 
object ; and may contract and be contracted with, sue and 
be sued in all courts having jurisdiction of the suits ; and 
may do all things necessary to carry out the objects of this 
law. 

Capital stock. § 3. The capital stock shall be fifteen thousand dollars, 
and shall be divided into shares of one hundred dollars. 
The stockholders of said company shall control said com- 
pany, by electing directors, not exceeding five in number ; 
and in the election of directors, each stockholder shall cast, 
by himself or proxy, one vote for each share of stock said 
stockholder may own when said vote is cast. 

Directors. § 4:. The following named persons shall be directors of 

said company, to-wit : Thomas Hollowbush, Thomas C. 
Keener, John Abbott, John Linkins and John A. Fooshee, 
sen., who shall hold their offices until others are appointed 
or elected by said stockholders. Said directors may pass 
by-laws and rules for the control of said company, and 
issue certificates of stock to the stockholders, and may ap- 
point one of their number as president, and one other of 



HOTEL COMPANIES. 55 

their number as secretary. The president shall be the act- 
ing agent for said company, to contract and do all things 
necessary touching the business of said company, or by his 
agent that he may appoint, subject, however, to the con- 
trol and direction of said board of directors. 

§ 5. Said company may at any time sell all and every Power to seii 
part of their property, including said hotel, and by deed, to p^'°p"'>'- 
be made by order of said directors, by the president thereof, 
convey the same, ana pay all debts, and dissolve said com- 
pany. 

§ 6. This act shall take effect and be in force from and 
after its passage. 

Approved February 23, 1867. 



AN ACT to incorporate a Hotel Company in the citv of Litchfield. In force Feb'y 
^ ^ J - 2r,1867. 

Section 1. Beiteno.cted hy the People of the State of 
Illinois^ rejpresented in the General Assembly^ That R. W. 
O'Bannon, Elizur Southworth, W. S. Palmer, W. E. 
Bacon, John Grusted, Jacob Beeler, W. T. Elliott, R. W. 
Davis, James W. Jeffries, H. H. Beach, Wesley Best and 
H. H. Hood and all such persons as have subscribed or may 
subscribe for stock in an association formed for the purpose 
of building a hotel in the city of Litchfield, Illinois, are 
hereby constituted and declared a body politic and corpor- 
ate, by the name and style of the "Litchfield Hotel Com- Name and style 
pany," and by that style they may contract and be con- 
tracted with, sue a.nd be sued, plead and be impleaded, in 
all courts of law and equity ; and make and use a common corporate 
seal, and alter the same at pleasure ; may acquire, by pur- P^^^ers. 
chase or otherwise, and hold, such real and personal estate 
as may be necessary, useful and convenient, to accomplish 
the objects of said association, and convey the same. Said 
association shall have power to prescribe the number and 
duties of its officers, and make such rules, regulations and 
by-laws as they deem proper: Provided, the same shall not 
be inconsistent with the laws and constitution of this state 
and of the United States. 

§ 2. Said corporation shall have power to erect, build ^^f/j^^j^'^'^ p"- 
and maintain a hotel in the city of Litchfield, and the cap- 
ital stock of said company shall be twenty-five thousand 
dollars. Said company shall have power to increase the same 
to one hundred thousand dollars, which stock shall be di- 
vided into shares of one hundred dollars; and such shares 
shall be considered personal property, and may be transfer- 
red in such manner as said corporation shall provide. The 
stockholders of said company shall be entitled to one vote 



5« 



HOTEL COMPANIES. 



for each share of stock held respectively by each stockhold- 
er in all business meetings of such stockholders. 

Organization. § 3. Whenever ten thousand dollars shall be subscribed 
to the capital stock of said company, said company may 
proceed to organize, make calls upon its stock, and pro- 
ceed to carry out the objects ol' said association. Said cor- 
poration shall have power to lease or rent said hotel, and 
shall have power to tit up, use or lease any portion of said 
hotel building for stores, offices, etc., as they may deem 
proper. 

Indebtedness. § 4. Said Corporation shall have power to borrow money, 
at such rates of interest, not exceeding ten per cent, per 
annum, as may be agreed upon, and to issue its bonds 
therefor, and may convey in pledge or security therefor the 
property, real or personal, of said corporation. .Said cor- 
poration, by its managers or directt>rs, shall have power to 
require payment of the sums subscribed to the capital stock, 
at such times and in such proportions as they shall deem ' 
fit; and upon sach notice being given of such calls for pay- 
ment, as the rules adopted by said corporation may pre- 
scribe, and a failure to pay the same as required, said cor- 
poration shall have power either to forfeit the shares of 
such delinquent stockholder to the. company or to sell the 
same, upon such notice as the rules or by-laws of said cor- 
poration may prescribe ; and the amount received upon such 
sales shall be applied first in the discharge of whatever 
amount may be due from said stockholder by reason of 
such delinquency, and of all costs of such sale, and the 
balance, if any, shall be paid over to such stockholder : 
Provided^ that if the purchaser of said stock shall be other 
than said company, he shall be liable for whatever amount 
of such stock shall have been uncalled for at the time of 
such purchase : And provided^ further^ that the right of 
forfeiture or of sale above given shall not prevent said com- 
pany from suing for and collecting from such delinquent 
stockholder the amount due upon such sales, by action of 
debt or assumpsit. 

§ 5. This act shall take efiect and be in force from and 
after its passage. 

Approved February 23, 1867. 



In force Feb'y AN ACT to incorporate a Hotel Company in the town of Carthacre. 

23, 1867. 

Section 1. Be it enacted hy the People of the State of 

Illinois, represented in the General AssernUyy That Hiram 

Corporators. Q ferris, Alexander Sympson, Bryant T. Schofield, Francis 

M. Corby, Andrew J. Griffith, William C. Hooker, John 



HOTEL COMPANIES. 57 

M. Ferris find John D. Hamilton, and all such other persons 
as have subscribed or may subscribe for stock in an associa- 
tion formed for the purpose of building a hotel, in the town 
of Carthage, Illinois, are hereby constituted and declared 
a body politic and corporate, by the name and style of " The 
Carthage Hotel Company," and by that name and style ^'ame and style 
they may contract and be contracted with, sue and be sued, 
plead and be impleaded, in all the courts of law and equity; 
and make and use a common seal, and alter the same at 
pleasure; may acquire, by purchase or otherwise, and hold 
such real and personal estate as may be necessary, useful 
and convenient to accomplish the objects of said association, 
and convey the same. Said association shall have power Power?, 
to prescribe the number and duties of its officers, and make 
such rules, regulations and by-laws, as they may deem 
proper: Provided^ the same shall not be inconsistent with 
the laws and constitution of this state and of the United 
States. 

§ 2. Said corporation shall have power to erect, build Capital stock, 
and maintain a hotel in the town of Carthage; and the cap- 
ital stock of said company shall be tifty thousand dollars. 
Said company shall have power to increase the same to one 
hundred thousand dollars ; which stock shall be divided into 
shares of one hundred dollars; and such shares shall be con- 
sidered personal propert}', and may be transferred in such 
manner as such corporation shall provide. The stockhold- 
ers ot said company shall be entitled to one vote for each 
share of stock held respectively by such stockholders, in all 
business meetings of such stockholders. 

§ 3. Whenever ten thousand dollars shall be subscribed organizatioa. 
to the capital stock of said company, said company may 
proceed to organize, make calls upon its stock, and proceed 
to carry out the objects of said association. Said corpora- 
tion shall have power to lease or rent said hotel, and shall 
have power to lit up, use or lease any ])ortion of said hotel 
building for stores, offices, etc., as they may deem proper. 

§ 4. Said corporation shall have power to borrow money, ind«btedii.»g. 
at such rates of interest, not exceeding ten per cent, per an- 
num, as may be agreed upon, and to issue its bonds therefor, 
and may convey in pledge or security therefor, the property, 
real or personal, of said corporation. Said corporation, by 
its managers or directors, shall have power to require pay- 
ment of the sums subscribed to the capital stock, at such 
times and in such proportions as they shall deem fit ; and 
upon such notice being given of such calls for payment as 
the rules adopted by said corporation may prescribe, and 
a failure to pay the same as required, said corporation shall 
have power either to forfeit the shares of such delinquent 
stockholder to the company or to sell the same, upon such 
notice as the rules or by-laws of said corporation may pre- 
scribe; and the amount received upon such sales shall be ap- 



58 HOTEL COMPANIES. 

plied, first, in the discharge of whatever amount may be 
due Irom said stockholder by reason of such delinquency, 
and of all costs of such sale, and the balance, if anj, shall 
Forfeiture. ^^ P^^^^ °^'®7 ^^ ^^^^^ Stockholder : Provided, that if the 
purchaser of such stock shall be other than said company, 
he shall be liable for whatever amount of such stock shall 
have been uncalled for at the time of such purchase : And 
2?rovided, that the right of forfeiture or of sale, above given, 
shall not prevent said company from suing for and collect- 
ing from such delinquent stockholder the amount due upon 
such calls by action of debt or assumpsit. 

§ 5. This act shall be in force from and after its pas- 
sage. 

Approved February 23, 1867. 



In force Feb'y -^^ ■^^'^ ^^ incorporate the Jacksonville Hotel Company. 



28, 1S67 



Section 1. I^e it enacted hy the Peoj^le of the State of 
Illinois^ represented in the General AssemUy, That James 
Dnnlap, Marshall P. Ayres, Felix G. Farrell, Eugene L. 
Greenleaf, and William Thomas, be and they are hereby 
constituted a body politic and corporate, by the name and 

Name and style. Style of the "Jacksonville Hotel Company," and by that 
name they and their successors shall have perpetual succes- 

Pewers. ^^ov\, witli powcr to Contract and be contracted with, sue 

and be sued, plead and be impleaded, in all courts and 
places wherever judicial proceedings are or may be had ; 
to purchase, have and hold real and personal property ; to 
adopt, have and use a common seal, and to alter and change 
the same at pleasure ; also, to adopt by-laws, and to amend, 
alter or repeal the same, for the government of the corpo- 
ration and all officers, agents and servants employed in and 
about the business of the company. A majority of said 
corporators shall constitute a quorum for the transaction of 
business. 

§ 2. The object and business of the said corporation 
shah be to purchase ground in Jacksonville and erect 
thereon a hotel and all necessary out buildings, for the ac- 
commodation and entertainment of travelers and others, 
with their horses and other animals, and to keep and main- 
tain the same ; and to this end the said corporation shall 
have power to purchase unimproved ground and place 
thereon the necessary buildings and improvements, or to 
purchase grounds improved and add thereto such buildings 
and improvements as may be required for use ; said corpo- 
ration shall also have power to sell and convey any real or 



By-la wa. 



Objects. 



HOTEL COMPANIES. 59 

personal property that may be purchased under the provi- 
sions hereot and invest the money in other property. 

§ 3. The capital stock of said company shall be two capital stock, 
hundred thousand dollars, which shall be divided into shares 
of one hundred dollars each, and shall be subject to be sub- 
scribed for and taken at such time and in such manner as 
the said corporators may prescribe. 

§ 4. The business of the said corporation, after its orga- Directors, 
nization, shall be superintended and carried on under the 
direction of live directors, to be chosen annually as herein- 
after provided for. Said directors shall be the successors 
of the persons named in the first section hereof, and shall 
be vested with power to execute the provisions of this act. 

§ 5. Persons subscribing for stock shall be bound to Payments on 
.pay, within one month from the time of subscribing, ten shares of stock, 
dollars on each share of stock subscribed for, and ten dol- 
lars every month thereafter, until the whole amount sub- 
scribed is paid. 

§ 6. Whenever twenty-live thousand dollars of said Election of 
stock is subscribed for, the corporators herein named shall '^"'^'^'°''s- 
notify the subscribers thereof, and request them to attend 
at a time and place to be fixed, for the purpose of electing 
the directors aforesaid ; such notice to be by personal ser- 
vice, or by publication in some newspaper published in 
Jacksonville, at least ten days before the time fixed for the 
election. 

§ 7. The time, place and manner of conducting the Manner of. 
election shall be fixed by the said corporators, any two of 
whom may be appointed judges to superintend the same ; 
and every stockholder shall be entitled to one vote for each 
share of stock subscribed, and a majority of all the votes 
shall be necessary to a choice. 

§ 8. The directors, when elected, shall appoint one of officers, 
their body president, and when necessary they shall ap- 
point a secretary and treasurer, and require of the treasurer 
bond, wiih security, in such penalty and with such condi- 
tions as may be required by the by-laws. 

§ 9. The time of holding: and manner of conducting the Manner of con- 

1 ,• /. T r. 1 f n . 1 11 1 ducting elec- 

election of directors, after the first election, shall be regu- tioBa. 
lated by the by-laws : .Provided^ that after the first election Proviso, 
no person shall vote who has not paid on his or her stock 
all that has been required, and no person shall vote on ac- 
count of stock transferred within ten days of the election. 

§ 10. The shares of stock shall be 'personal P^'OP^^^J ^t'^r^^nsf^^'abie 
and liable to be sold on execution, and shall also be trans- ^^^^^ "^ ^' 
ferable, as the by-laws may provide. 

§ 11. The directors may rent or lease the hotel, with Rent and lease 
all and singular the premises connected therewith, inclu- 
ding goods and chattels, for one or more years; or they 
may employ some person or persons to keep the same, in 
the name and on the account of the corporation ; and all 



60 HOTEL COMPANIES. 

accounts arising from or growing out of the transactions of 
the corporation shall be stated and settled annually, and 
the net profits thereof divided among the stockholders, 
pro rata. 

§ 12. This act shall take effect on its passage. 

Approved February 28, 1867. 



In force'fFeb'y AN ACT to incorporate the Randolph Hotel Company. 

Section 1. Be it enacted hy the People of the State of 
Illinois., represented in the General AssemUy, That John 
M. McCutcheon, James Gordon, and Eobert H. Ros bor- 
ough, and their associates and assigns, are hereby consti- 
tuted a body politic and corporate, by the name and style 

Name «nd style, of the "Randolph Hotel Company," and by that name 
and style they and their successors shall have perpetual suc- 
cession, and shall be capable in lavt^ of suing and being sued, 
pleading and being impleaded, answering and being an- 

Powers. swered unto, in all courts and places whatsoever ; and as 

such may have a common seal, which they may change and 
alter at pleasure ; and they, their associates and successors 
may also, by that name and style, be capable in law of pur- 
chasing, holding and conveying away, real and personal 
estate, for the uses and purposes of said corporation ; which 
real estate shall not, however, exceed in quantity two acres 
of ground, on which to erect said hotel and other appurte- 
nances which may be necessary to said hotel. 

^hoi^\-^ ^i^'^^ ^ ^^' ^^^^ company shall have and is hereby vested 

an/ieasTof. witli full powcr to crcct and finish in complete order a ho- 
tel in the city of Sparta, in the county of Randolph, and to 
furnish and maintain the same. Said corporatoin shall 
have power to lease or rent said hotel, and shall have the 
power to fit and use, lease and rent any portion of said hotel 
building for stores, offices, etc., as they may deem proper. 

Capital stock. § 3. The capital stock of Said compauj^ shall be thirty 
thousand dollars, and shall be divided into shares of one 
hundred dollars each. Said corporators, or a majority of 
them, are hereby authorized to appoint one or more com- 
missioners to receive subscriptions for said stock, and a 
book for subscriptions shall be opened, at such time and 
place as said commissioner or commissioners shall appoint, 
by public notice given in some public newspaper printed in 
said county, at least twenty days before the day appointed 
for said subscription of stock, and said book for subscrip- 
tion may be kept open from day to day, continuously, until 
the whole of said stock be taken. Every person subscrib- 



HOTEL COMPANIES. 61 

ing shall, at the time of subscribing, pay said commissioner 
or commissioners five dollars for the purposes of said com- 
pany for every share he shall subscribe for, and the residue 
of his subscription he shall pay to said company when 
organized, at such times and in such amounts as the presi- 
dent and directors of said company shall order. 

§ 4. As soon as ten thousand dollars of said capital Meetings- 
stock shall have been subscribed, said commissioner or 
commissioners shall appoint a time and place, by advertise- 
ment as aforesaid, for the meeting of said subscribers, for 
the purpose of choosing a treasurer, clerk and five directors. 
At all elections of said company each stockholder shall be Eiectiojs- 
entitled for one vote for each share he may hold. Said 
commissioner or commissioners shall appoint three judges, 
one of whom may act as clerk, for said first election, and 
their certificate of the persons elected shall be evidence of 
that fact. All elections alter the first shall be called and 
conducted in such manner as said board of directors may 
appoint and enter on their record. A majority of the said 
directors thus chosen shall have power to transact the busi- 
ness of the corporation, and their acts performed within 
the scope of their authority shall be binding on the com- 
pany. 

§ 5. Said directors shall appoint one of their number president, 
president of the board, and he and said directors shall 
have power to establish such rules, regulations and by-laws 
as may be necessary, and not inconsistent with the laws of 
the land, for the transferor payment of the stock or pro- 
perty of said company, and for the direction and management 
of its affairs. 

§ 6. Upon a failure by any of the subscribers to said Payment of 
stock to pay the amount by them or either of them sub- ^^°°^' 
scribed, when called upon by said' board of directors, said 
corporation shall have power either to forfeit the shares of 
such delinquent stockholders to the company, or of suing 
for and collecting from such delinquent stockholders the 
amount due upon shares, by action of debt or assumpsit. 

§ 7. This act shall be deemed a public act, and be in 
force from and after its passage. 

Appeoved February 28, 1867. 



AN ACT to incorporate a Hotel Company in the city of East St. Louia. in force March 

1,186T. 

Section 1. Be it enacted by the People of the State of 
Ulinoi.% represented in the General Assembly, That E. ctrporaton. 
W. Wider, Andrew Wittig, Gottlieb M. Bender, John O. 
Butler, B. C. Eenoist, Louis Boismeneau, N. Spannagel, 



62 



HOTEL COMPANIES. 



John Eidmann, Charles Eautenberg, and all such other 
persons as have subscribed or may subscribe for stock in an 
association formed for the purpose of building a hotel in 
the city of East St. Louis, St. Clair county, and state of 
Ilhnois, are hereby constituted and declared a body politic 

Name and style and Corporate, by the name and style of the "East St. Louis 
Hotel Company," and by that name and style may contract 
and be contracted with, sue and be sued, plead and be 

Powers. impleaded in all the courts of law and equity ; and make 

and use a common seal, and alter the same at pleasure; may 
acquire, by purchase or otherwise, and hold such real estate 
and personal estate as may be necessary, useful and con- 
venient to accomplish the objects of said association, and 
convey tlie same. Said association shall have power to pre- 
scribe the number and duty of its officers, and make such 
rules, regulations and by-laws as they may deem proper: 
Provided^ the same shall not be inconsistent with the laws 
and constitution of this state and of the United States. 

§ 2. Said company shall have and is hereby vested with 
power to erect and finish in complete order, a hotel, on 
Broadway, southeasterly of Main street, in the city of East 
St. Louis, St. Clair county, Illinois ; and it is hereby author- 
ized to carry on the business of a hotel in said city, and 
to use and exercise all powers and privileges that may be 
necessary for carrying on said business. 

§ 3. The capital stock of said company shall not be less 
than fifteen thousand dollars, nor more than seventy-five 
thousand dollars, divided ■ into shares of one hundred dol- 
lars each, and such shares shall be considered personal 
property, and may be transferred in such manner as said 

Vote of stock- corporation shall provide. The stockholders of said com- 

hoiders. pany shall be entitled to one vote for each share of stock 

held respectively by such stockholders in all business meet- 
ings of such stockholders. 

Organization. | 4. Whenever fifteen thousand dollars shall be sub- 
scribed to the capital stock of said company, said company 
• may proceed to organize, make calls upon its stock, and 
proceed to carry out the objects of said association. Said 
corporation shall have power to lease or rent said hotel or 
the stables to be connected therewith, and shall have the 
power to fit and use or lease any portion of said hotel 
building for stores, offices, etc., as they may deem proper. 

Indebtedness. § 5. Said Corporation shall have power to borrow money, 
at such rates of interest, not exceeding ten per cent, per 
annum, as may be agreed upon, and to issue its bonds there- 
for, and may convey in pledge or as security therefor the 
property, real and personal, of said corporation. Said cor- 
poration, by its managers or directors, shall have power to 

Payment of require payment of the sums subscribed to the capital stock 

shares of stock, ^j. g^(.]^ timcs and in such proportions as they shall deem 

fit ; and upon such notice being given of such calls for pay- 



Business and 

operations. 



Capital stock 



HOTEL COMPANIES. i 

ment as the rules adopted by said corporation may prescribe, 
and a failure to pay the same as required, said corporation 
shall have power, either to forfeit the shares of such delin- 
quent stockholder to the company or to sell the same, upon Delinquents. 
such notice as the rules or by-laws of said corporation may 
prescribe ; and the amount received from such sale shall be 
applied lirst on the discharge of whatever may be due from 
said stockholder, by reason of such delinquency, and of all 
costs of such sale, and the balance, if any, shall be paid over 
to such stockholder : J'rovided, that if the purchaser of Proviso. 
such stock shall be other than said company, he shall be 
liable for whatever amount of such stock shall have been 
uncalled for at the time of such purchase: And provided^ proviso. 
further^ that the right of forfeiture or of sale above given, 
shall not prevent said company from suing for and collecting 
from such delinquent stockholder the amount due upon 
such calls by action of debt or assumpsit. 

§ 6. This act shall be in force Irom and after its 
passage. 

Approved March 1, 1867. 



AN ACT to incorporate the Edwardsville Hotel Company. In foj-ge March 

5, 1S67. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represeiited in the General AssemUy, That Charles corporators. 
"W. Dimmock, senior, David Gillespie, Joseph Gillespie, 
Frederick S. Krafft, William E. Wheeler, John A. Prickett 
and Andrew W. Metcalf, and such other persons as they 
may associate with them, are hereby constituted and de- 
clared a body politic and corporate, by the name and stvle 
of the "Edwardsville Hotel Company," and by that name Name and style 
and style they may contract and be contracted with, sue and 
be sued, plead and be impleaded in all courts of law and powers, 
equity ; and make and use a common seal, and alter the 
same at pleasure ; may acquire, by purchase or otherwise, 
and hold such real and personal property as may be neces- 
sary, useful and convenient to accomplish the objects of 
said association, and convey the same. Said association 
shall have power to prescribe the number and duties of its 
officers, and make such rules, regulations and by-laws as 
they may deem proper, not contrary or inconsistent with 
the constitution and laws of this state and of the United 
States. 

§ 2. Said corporation shall have power to erect, build capital stock— 
and maintain a hotel, in the town of Edwardsville, in the Ihares-vot^'/^f 
county of Madison ; and the capital stock of said company shareholders, 
shall be twenty thousand dollars, but said company shall 



6i HOTEL COMPANIES. 

have power to increase the same to fifty thousand dollars; 
which stock shall be divided into shares of fifty dollars 
each, and such shares shall be considered personal property, 
and may be transferable in such manner as said coiporation 
shall provide. The stockholders of said company shall be 
entitled to one vote for each share of stock held respect- 
ively, by such stockholders, in all business meetings of such 
corporation. 

or3;ani»ation, § 3. Whenever fifteen thousand dollars shall be sub- 
scribed to the capital stock of said company, said company 
may proceed to organize, make calls upon its stock and 
proceed to carry out the objects of said association. Said 
corporation shall have power to lease or rent said hotel; 
and shall have power to fit up, use or lease any portion of 
said hotel building for stores, offices, etc., and to insure the 
same as they may deem proper. 

in.iebtedness, § 4. Said Corporation shall have power to borrow jnoney, 
and pay interest therefor, and issue its bonds therefor ; and 
may convey in security therefor the property, real or per- 
sonal, of said corporation. Said corporation, by its man- 
agers or directors, shall have power to require payment of 
the sums subscribed to the capital stock, at such times and 
in such proportions as they shall deem fit ; and upon such 
notice being given of such calls for payment as the rules 
adopted by said corporation may prescribe, and a failure 
to pay the same as required, said corporation shall have 
power either to forfeit the shares of such delinquent stock- 
holders to the company, or to sell the same, upon such notice 
as the rules or by-laws of said corporation shall prescribe ; 
and the amount received from such sale shall be applied 
first in the discharge of whatever amount may be due from 
said stockholder by, reason of such delinquency, and of all 
costs of such sale, and the balance, if any, shall be paid 
over to said stockholder : Provided., that if the purchaser 
of such stock shall be other than said company, he shall be 
liable for whatever amount of such stock shall remain 
uncalled for at the time of such purchase : And provided, 
further^ that the right of forfeiture or of sale above given 
shall not prevent said company from suing for and collect- 
ing from such delinquent stockholder the amount due upon 
such calls, by action of debt or assumpsit. 

§ 5. This act shall be deemed a public act, and be in 
force from and after its passage. 
Appkoved March 5, 1867. 



HOTEL COMPANIES. 65 



AX ACT to incorporate the Lake Forest Hotel and Manufacturing Company, jq force March 

5, 1867. 

Section 1 . Be it enacted hy the People of the State of 
Illinois, represented iii the General Assembly, That David 
J, Lake, Benjamin W. Raymond, Eli L. Can field, Charles 
H. Quinlan and William S. Johnston, junior, and tiieir suc- 
cessors, are hereby constituted and declared a body corporate 
and politic, with perpetual succession, by the name and 
style of " The Lake Forest Hotel and Manufacturing Com- Name and style 
pany," from and after the passage of this act ; and shall, by 
that name and style, be capable in law of suing and being 
sued, impleaded, answer or defend in law or equity, in all 
courts and places whatsoever; make and use a common seal, powers. 
and alter and renew the same at pleasure ; and, by their said 
corporate name and style, shall be capable in law of contract- 
ing and being contracted with ; and shall be and are hereby 
invested with all thepovv^ers, privileges, immunities and fran- 
chises of acquiring by purchase or otherwise and of holding 
and conveying real and personal estate; but no conveyance 
of real estate by said company shall be valid unless signed 
by the president and secretary thereof, under the seal of 
said company, and duly acknowledged before a proper officer 
according to law. 

§ 2. The said company shall have power to purchase Business and 
and enlarge, erect, lease, furnish, keep and maintain a hotel, operations 
and such barns and other buildings as they may deem ad- 
visable, on such lot or lots as the said company shall ac- 
quire, in Lake Forest, in Lake county, Illinois, and to man- 
ufacture in Lake Forest, aforesaid, brick, lumber and such 
other articles and goods as they may want for their own use 
and for sale, and to erect such buildings and machinery as 
they wish for that purpose, also to construct and maintain a 
pier on the shore of Lake Michigan, at Lake Forest aforesaid, 
and to construct a road to the same from their said hotel. Said 
company may employ such agents as they may deem neces- 
sary for the proper management of their business, and make 
such by-laws as they deem expedient for the interests of said 
corporation, not inconsistent with the laTws of Illinois. 

§ 3. The capital stock of said company shall be twenty- capital stock. 
five thousand dollars, and may be increased by the direc- 
tors from time to time to an amount not exceeding one 
hundred and fifty thousand dollars, wdiich shall be divided 
into shares of one hundred dollars each, and shall be con- 
sidered personal property. Said stock shall be issued and 
transferred in such manner as the by-laws shall provide. 
The directors shall have power to require the payment of Paymentofsub- 
sums subscribed by the stockholders, in such manner and on dispoS^of 
such terms as they may think best ; and on refusal, neglect shares. 
or default, on the part of the stockholders, or any of them, 
to make payment, on the requisition of the directors, the 
Vol. II— 5 



66 



Officers and 
directors. 



Vote of stock- 
holders. 



Borrow money 



Stockholders' 
liabilities. 



HOTEL COMPANIES. 

shares of such delinquents may, after thirty days' notice 
thereof, published in a daily newspaper of the city of Chi- 
cago, be sold at public auction, under such rules as the 
board of directors may adopt, and the proceeds of sale 
applied to the payment of all money due the company, 
either for subscription to the stock or otherwise. The per- 
sons named in the lirst section of this act, or a majority of 
them, are authorized to dispose of the first twenty-five thou- 
sand dollars of stock in such manner as they may think 
proper, and the directors may dispose of the increased 
stock from time to time. 

§ 4. All the corporate powers of said company shall be 
vested in aboard of directors, who shall appoint a president, 
from one of their number. They shall also appoint a sec- 
retary and such other officers as they may deem expedient. 
The directors shall consist of not less than five stockholders, 
who shall be elected annually by the stockholders, each 
share of stock having one vote, which may be given in 
person or by proxy. The first election for directors shall be 
held at such time and place as a majority of the persons 
named in the first section of this act shall determine, and 
the directors shall hold their offices until their successors 
are elected and qualified. 

§ 5. The said company are authorized and empowered 
to borrow money from time to time, in such sums as the 
directors may deem expedient and to pay interest thereon, 
and to pledge and mortgage the property of said com- 
pany to secure the payment of said money and interest. 

§ 6. The stockholders of the said company shall be per- 
sonally liable for all the debts of the said company, to the 
amount of the several shares of their stock, and for six 
months after the sale of said stock, for all debts due at the 
time of sale. 

§ 7. This act shall be in force from and after its pas- 



Appeoved March 5. 1667. 



In force March 
7, 1867. 



Corporators, 



AN ACT to incorporate the Pen-y Springs Hotel and Railroad Company. 



Section 1 
Illinois^ r^ 



Be it enacted hy the People of the State of 
I the General AssemUy^ That B. A. 



L. Goltra, H. I. Noyes and W. W. Watson, of Illinois, and 
Dwight Durkee, E. William-s Fox and John H. Seagrist, of 
St. Louis, and their associates and successors, are hereby 
created a body corporate and politic, by the name and style 
Name and style of the "Perry Springs Hotel and Railroad Company," with 



HOTEL COMPANIES. 67 

perpetual succession, having power to sue and be sued, Powrs. 
plead and be impleaded, in all courts, either in law or 
equity ; to use a corporate seal, issue stock bonds and other 
securities and evidence of indebtedness, and to receive the 
same ; to have a capital of two hundred thousand dollars, capital stock, 
which may be increased to five hundred thousand dollars, 
to be divided into shares of one hundred dollars each, and 
to do all things necessary for the purposes of said cor- 
poration. 

§ 2. Said corporation shall have the power to maintain Business and 
the hotel now in operation at Perry Springs, Pike county, *'p®''^*'°°»- 
state of Illinois, and to erect such other buildings as the 
business of said corporation may require, and to buy and 
sell such additional real estate as may be required for the 
use of said corporation. * 

§ 3. Said corporation shall have the power to locate. Railway privi- 
build and operate a railroad, commencing at some point on *^*^' 
the Toledo, Wabash and Western Kailroad, between Mere- 
dosia and Yersailles, passing as near to Perry Springs as may 
be practicable, and connecting with the line of what is 
known as the Pike County Railroad, at some point between 
Salem and Griggsvilie Landing. The right of way for said 
railroad to be obtained as provided for in an act to amend 
the law condemning the right of way, ior purposes of inter- 
nal improvement, approved June 22, 1852. 

§ 4. That a meeting of the shareholders shall be held ^^h^eLiders 
at Perry Springs on the first Monday in April, after the —vote of. 
passage of this act, when a president and board of direc- 
tors u:ay be chosen — each shareholder being entitled to one 
vote for each share of stock held by him or her, who shall 
make all necessary rules for said corporation ; shall call meet- 
ings, elect a secretary and other officers, and do all things 
requisite to carrying out the objects of this company. 

§ 5. The stock of this company can only be transferred Transfer stock, 
upon the books of the company at their office at Perry ^ 

Springs. 

§ 6. This act shall be deemed a public act, and be in construction of 
force from and after its passage, and shall be liberally con- 
strued in all courts and places for the benefit of the objects 
herein contemplated. 

Approved March 7, 1867. 



AN ACT to incorporate a Hotel Company in the city of Shelbyville. In force March 
f ^ ^ ■ 7,1867. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That Charles 
C. Scovil, Judson A. Eoundy, Dudly C. Smith, Cyrus 



68 HOTEL COMPANIES. 

Hall and Thomas W. Harris, and all such other persons as 
have subscribed or may subscribe for stock in an associa- 
tion formed for the purpose of building a hotel in the city 
of Shelbyville, are hereby constituted and declared a body 
corporate and politic, by the name and style of "The She'l- 
jv'ame and style byville Hotel Company," and by that name and style they 
may contract and be contracted with, sue and be sued, plead 
and be impleaded, in all the courts of law and equity ; and 
Powers. make and use a common seal, and alter the same at pleasure; 

may acquire, by purchase or otherwii^e, and hold such real 
and personal estate as may be necessary, useful and conve- 
nient to accomplish the object of said association, and con- 
vey the same. Said association shall have power to prescribe 
the number and duties of its officers, and make such rules, 
regulations and by-laws as they may deem proper : Pro- 
vided, the same shall not be inconsistent with the laws and 
constitution of this state and of the United States. 
Business § 2. Said corporation shall have power to erect, build 

powers. and maintain a hotel in the city of Shelbyville ; and the 

^, . , , , capital stock of said company shall be twenty-five thousand 

Capital stock. , r' o • i T n i ^i ± • ^i 

dollars. Said company shall have the power to mcrease the 
same to one hundred thousand dollars ; which stock shall be 
divided into shares of one hundred dollars, and such shares 
shall be considered personal property, and may be trans- 
ferred in such manner as said corporation shall provide. 
The stockholders of said company shall be entitled to one 
vote for each share of stock held respectively, by such stock- 
holders, in all business meetings of such stockholders. 
Organization- § 3. Whenever ten thousand dollars shall be subscribed 
and ren° ^^^^^ ^^ ^^^ Capital stock of Said company, said company may 
proceed to organize, make calls upon its stock, and proceed 
to carry out the objects of said association. Said corporation 
shall have power to lease or rent said hotel, and shall have 
power to fit up, use or lease any portion of said hotel build- 
" ing, for stores, offices, etc., as they may deem proper. 

Indebtedness. § ^- ^aid Corporation shall have power to borrow money 
at such rates of interest, not exceeding ten per cent, per 
annum, as may be agreed upon, and to issue its bonds 
therefor, and may convey in pledge or security therefor the 
property, real or personal, of said corporation. Said corpo- 
ration, by its managers or directors, shall have power to re- 
payment of quire payment of the sums subscribed to the capital stock, 
cat??n~o*i!'^''" at such timcs and in such proportions as they shall deem fit, 
and upon such notice being given of such calls for payment 
as the rules adopted by said corporation may prescribe ; and 
a failure to pay the same, as required, said corporation 
shall have power, either to forfeit the shares of such delin- 
quent stockholder to the company or to sell the same, upon 
such notice as the rules or by-laws of said corporation may 
prescribe, and the amount received upon such sales shall be 
applied, first, in ther discharge of whatever amount may be 



HOTEL COMPANIES. 69 

due from said stockholder by reason of such delinquency, 
and of all costs of such sales, and the balance, it any, shall 
be paid over to such stockholder : Provided^ that if the Proviso, 
purchaser of such stock shall bo other than said company 
he shall be liable for whatever amount of such stock shall 
have been uncalled for at the time of such purchase : And Proviso. 
provided, further, that the right of forfeiture or of sale 
above given shall not prevent said com,pany from suing for 
and collecting from such delinquent stockholder the amount 
due upon such calls, by action of debt or assumpsit. 

§ 5. This act shall be in force from and after its passage. 

Approved March 7, 1867. 



AN ACT to incorporate a Hotel Company in the city of Canton. In force March 

Section 1 . Beit enacted hy the Feojple of the State of 
Illinois, represented in the General Assembly, That James corporators, 
H. McCall, Charles T. Heald, James H. Stipp, Amos C. 
Babcock, Carrol C. Dewey, Townsend Atwater aud Wil- 
liam Babcock, and their associates, heirs and assigns, are 
hereby constituted a body politic and corporate, by the 
name and style of the "Canton Hotel Company," and by Nameandstyis. 
that name and style they may contract and be contracted 
with, sue and be sued, plead and be impleaded, in all the 
courts of law and equity, and make and use a common Powers, 
seal, and alter the same at pleasure ; may acquire by pur- 
chase or otherwise, and hold such real and personal estate 
as may be necessary, useful and convenient to accomplish 
the objects of said association, and convey the same. Said 
association shall have power to prescribe the number and 
duties of its officers, and make such rules, regulations and 
by-laws as they may deem proper : Provided, the same p^'o^'*"* 
shall not be inconsistent with the laws and constitution of 
this state and of the United States. 

§ 2, Said corporation shall have power to erect, build and capital stock, 
maintain a hotel in the city of Canton, and the capital stock 
of said company shall be thirty thousand dollars. Said 
company shall have the power to increase the same to seven- 
ty-five thousand dollars, which stock shall be divided into 
shares of fifty dollars, and such shares shall be considered 
personal property, and may be transferred in such manner 
as said corporation shall provide. The stockholders of said 
company shall be entitled to one vote for each share of 
stock held respectively by such stockholders, in all business 
meetings of such stockholders. 

§ 3. Whenever ten thousand dollars shall be subscrib- organization. 
ed to the capital stock of said company, said company may 



70 



HOTEL COMPANIES. 



proceed to organize, make calls upon its stock, and pro- 
ceed to carry out the objects of said association. Said cor- 
poration shall have power to lease or rent said hotel, and 
shall have power to lit up, use or lease any portion of said 
hotel building for stores, offices, etc, as they may deem 
proper. 

Indebtedness. § 4. Said Corporation shall have power to borrow 
money at such rates of interest, not exceeding ten per cent. 
per annum, as may be agreed upon, and to issue its bonds 
therefor, and may convey in pledge or security therefor the 
property, real or personal, of said corporation. Said cor- 
poration, by its managers or directors, shall have power to 

Subscription to require payment of the sums subscribed to the capital 
stock, at such times and in such proportions as they shall 
deem fit, and upon such notice being given of such calls 
' for payment as the rules adopted by said corporation may 

prescribe, and a failure to pay the same as required, said 
corporation shall have power either to forfeit the shares of 

Delinquents, swch delinquent stockholder to the company, or to sell the 
same, upon such notice, as the rules or by-laws of said cor- 
poration may prescribe ; and the amount received upon 
such sales shall be applied, first in the discharge of what- 
ever amount may be due from said stockholder by reason 
of such delinquency, and of all costs of such sale, and the 
balance, if any, shall be paid over to such stockholder: Pro- 

proviso. vided^ that if the purchaser of such stock shall be other than 

said company, he shall be liable for whatever amount of 
such stock as shall have been uncalled for at the time of 

Proviso such purchasc : And provided further^ that the right of 

forfeiture or of sale, above given, shall not prevent said 
company from suing for and collecting from such delinquent 
stockholder the amount due upon such calls by action of 
debt or assumpsit. 

§ 5. This act to take effect and be in force from and 
after its passage. 

Approved March 7, 1867. 



In force March AN ACT to incorporate the Pana Hotel Company. 

9,1867. 

Section 1 . Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly^ That J. C. 
Corporators. Hclmick, J. S. Hayward, W. B. Little, J. W. Kitchell, G. 
Lawrence, D. Turnbolt, and all such other persons as have 
subscribed or may subscribe for stock in an association 
formed for the purpose of building a hotel in the city of 
Pana, on lots one (1), two (2) and three (3), block one (1) in 
J. S. Hayward's addition to the town of Pana, are hereby 



HOTEL COMPANIES. 71 

constituted and declared a body politic and corporate by the 
name and style of "The Pana Hotel Company;" and by Nameand style, 
that name and style may contract and be contracted with, 
sue and be sued, plead and be impleaded in the courts of 
law and equity, and make and use a common seal, and alter Powers of eor- 
the same at pleasure ; may acquire, by purchase, or other- p°''^*'°°- 
wise, and hold such real and personal estate as may be ne- 
cessary, useful and convenient to accomplish the objects of 
said association, and convey the same. 

§ 2. Said company shall have and is hereby vested with Business 
power to erect and finish in ' complete order a hotel in the p°^®^^- 
city of Pana, and it is hereby authorized to carry on the 
business of a hotel in said city, and to use and exercise all 
powers and privileges that may be necessary for carryingj 
on said business. 

§ 3. The capital stock of said company shall be forty- capital sUck. 
five thousand dollars, and shall be divided into four hun- 
dred and fifty shares of one hundred dollars each. Said 
corporators, or a majority of them, are hereby authorized 
to appoint one commissioner to receive subscriptions for stock subserip- 
said stock, and a book for subscription shall be opened at *'°°' 
such time and place as such commissioner shall appoint, by 
a notice printed in some public newspaper printed and pub- 
lished in the city of Pana, at least twenty days before 
the day appointed for said subscription of stock. If the 
requisite number of shares shall not then be submitted said 
commissioner shall. take such measures to complete such 
subscription as he shall deem proper. Every subscriber 
shall pay his subscription to said company, when organized, 
at such times and in such amounts as the president and 
directors of said company shall order. 

^ tt. When two hundred shares of said stock shall have organization, 
been subscribed, said commissioner shall appoint a time 
and place by advertisement, as aforesaid, for the meeting of 
said subscribers for the purpose of choosing a secretary and 
treasurer and five directors, and said company may proceed 
to organize and carry out the objects of said corporation. • 
Said corporation shall have power to rent or lease said 
hotel as they may deem proper. 

§ 5. Said directors shall appoint one of their number President, 
president of the board, and he and said directors shall have 
power to establish such rules, regulations and by-laws as By-iaws,etc. 
may be necessary, and not inconsistent with the laws of the 
land, for the transfer and payment of the stock and prop- 
erty of said company, and for the direction and manage- 
ment of its affairs. 

§ 6. This act shall be in force from and after its passage. • 

Approved March 9, 1867. 



72 HOTEL COMPANIES. 



In force March AN ACT to incorporate the City Hotel Companj', of Carrollton, Illinois. 

Sectiox 1. Be it enacted by the Peojple of the State of 
Illinois, re-presented in the General Assembly, That Alexan- 
corporators. ^q^ W. Lynn, David M. Woodson, David Pierson, Charles 
D. Hodges, George Wright, Hiram Keach and Thomas H. 
Boyd be and they are hereby created a body corporate and 
Name. politic by the name of " The City Hotel Company, of Car- 

rollton, Greene county, Illinois," with perpetual succession. 
Powers. power to sue and be sued, to make by-laws, not contrary to 

law, to make and use a common seal, and have the powers 
and privileges of natural persons for the purposes in this 
act contemplated. 
Posseasion of § 2- Whenever the organization herein provided is ef- 
reai estate, etc. fected, the Said compauy shall have power to receive and 
take, by purchase, gift, or otherwise, lots or real estate 
within the limits of said city of Carrollton, of wdiatever 
value may be deemed necessary, and in whatever amount, 
for the erection, completion and putting into operation of a 
first class hotel in said city, at a cost not to exceed $100,000, 
and which shall be constructed witli store rooms and offices 
underneath, if deemed best, and be completed within hve 
years from the passage of this act. 
Meeting of § 3. So soou as $25,000 shall be subscribed in shares of 

uot^ce°il-o7 $100 each, the said corporators, or any five of them, shall 
offi^'ert^diuies P^^lish a uotice in one or more newspapers c>f said city of 
and compeTisa- Carrollton, calling a meeting of the stockholders, which 
Totes-t"i^e*of notice shall be published ten days before said meeting, and 
election^. ^^ ^.j^^ ^jj-^^^ therein stated the subscribers, or a majonty of 
them, shall proceed to organize by the election of a presi- 
dent, vice president, secretary and treasurer and board of 
not lees than three nor more than seven directors, all of 
whom shall be stockholders, who shall all hold their office 
one year, and shall perform such duties as maybe required 
by resolution, by-laws or by this act, and for such compen- 
sation and under such regulations as may be fixed by the 
said by-law^s ; and at all regular meetings which shall be 
held for elections, each shareholder shall cast one vote for 
every share of stock, and no irregularity in the notice of 
subsequent annual elections or failure to give the same shall 
affelt the organization, but the meeting, should the calen- 
dar yearly day fall on Sunday, shall be held the first Mon- 
day thereafter. 
Business § 4. The board shall have power to borrow money, pur- 

chase materials, contract for labor, employ an architect, ap- 
point a building committee, carry on and complete said 
work, or let the contract to others, and do and perform all 
acts and things necessary to the eflectual completion of the 
said building, which shall be finished off and ornamented 



powers. 



HIGHWAYS. 73 

in such style and elegance as the board shall see fit, and be 
in all respects equal to any house of equal cost in the state. 

§ 5. That when so completed, said house shall be put House-rent, 
into operation and conducted or rented or leased as the '=**'^'^- 
board may think best, and may be sold or leased for a term 
of years on a two-thirds vote of the stockholders, and when 
sold, and the corporation dissolved, the proceeds shall be 
distributed pro rata among the shareholders. 

§ 6. The shares of stock so subscribed may be collected coUection ef 
in installments, or the whole thereof at one time, as the ^*^^''^'- 
board may determine, and the publication of any order of 
the board calling lor payment in any newspaper of said city 
for ten days daily, tri-weekly or weekly, shall be deemed 
lawful demand of said stock and the same may be forth- 
with sued for. 

§ 7. The president shall preside at all meetings, and in officers, 
his absence the vice president ; the treasurer shall receive, 
receipt for and account for all moneys of the com pan}-, and 
shall give such bond as the board may require. The sec- 
retary shall keep a record of all ofiicial acts of the board, 
shall keep and control the seal, shall, on treasurer's receipt, 
issue certificates of stock, which shall be personal property 
and assignable on the books of the secretary, and the cer- 
tificate ol^the printer and the seal of corporation, if they have 
one, and if not, the private seal of any regular otiicer of the 
company shall be prima facie evidence of the official acts 
of each and of the board, and of the due publication of all 
notices and orders; and the oflicers shall be competent to 
identify all books and records and to prove all the official 
acts of the company in all courts. 

§ 8. This shall be deemed a public act, and liberally 
construed in all courts and places, and shall be in force 
from and after its passage. 
Approved, March 8, 1867. 



AX ACT to legalize highways in the town of Downer's Grove, Du Page In force Feby 
county, Illinois. !*• l^eT. 

Whereas, in the town of Downer's Grove, Du Page Preamble, 
county, since said county adopted township organization, 
several public roads were" laid [out] by the commissioners of 
highways of said town, the papers concerning which are 
lost, and of which there is no record, owing to the failure 
of the town clerk of said town to record the orders of said 
commissioners of highways laying out such roads ; and 
whereas, such roads were openec^ as public highways, by 



74 HIGHWAYS. 

said commissioners ot highways, and remained open for 
more than tive years thereafter ; therefore, 

Section 1. Be it enacted hy the Peojyle of the State of 
Illinois^ represented in the General Assernbly, That all 
Public roads- Toads lu Said town of Downer's Grove, in Da Page county, 
yahdityof. ^j^^^. \^^^.q heretofore been laid out and opened by the com- 
missioners of highways of said town, and which remained 
open for live years thereafter, or remained open through 
uninclosed land for that length of time, be and the same 
are hereby declared public roads of said town, and no irregu- 
larity upon the part of the said commissioners of highways 
in laying out such roads, shall affect the validity of the 
same. 
Surveys. g 2. It shall bo the duty of the commissioners of high- 

ways of said town to cause a survey to be made of ao^ such 
roads so laid out and opened, and which remained open for 
live years thereafter, the records and tiles of which are lost, 
having tirst posted notices of their intention to do so, in 
three public places in the neighborhood of the road, for at 
least ten days prior thereto. 
Commissioners § 3. Ill Surveying any such road the commissioners of 
—duties of. highways shall be governed by, and shall follow the origi- 
nal minutes and survey thereof, if the same can be pro- 
duced, and shall hear any and all other evidence, written or 
parol, which may be offered in relation to the location, lay- 
ing out, opening, or the remaining open of such road, if 
any, or all of the said matter shall be disputed and having 
heard the evidence offered, the said commissioners of high- 
waj's shall proceed and survey such road, if they shall be 
satisfied from the evidence that the same was laid out by the 
commissioners of highways of said town, and was opened 
by them, and remained open for five years thereafter ; and 
they shall make a plat and survey of such road, with a cer- 
tificate of their doings in the premises, embodying their de- 
termination in the case, which they shall file in the town 
clerk's office, and which action of the commissioners of 
highways shall be final and conclusive as to the laying out, 
opening and remaining open, as well as of the location of 
such road. 

§ 4. This act shall be in force from and after its pas- 
sage. 

Appkoved February 14, 1867. 



HIGHWAYS. 



75 



AN ACT to clian"-e the highway laws for the town of Richlaud, La Salle in force April 
° county. ^^' ^3^'^- 

Section 1. Be it enacted ly the People of the State of 
Illinois, represented in the General Assembly, That it shall Divjsio^ ^of^^^ 
be the duty of the commissioners of highways, in the town sections-' 
of Richland, county of La Salle, within eighteen days at- ^^.^f^j^-^te. 
ter the annual town meeting, in the year 1867, and every 
three years thereafter, to lay out and divide all the public 
highways in said town, into sections not exceeding one-half 
mile in length, which they shall number and describe in a 
book kept by them for that purpose ; they shall also dis- 
tinctly specify therein what they may deem necessary for the 
improvement and keeping in repair each section of said 
public highways for the term of three years. 

§ 2. It shall be the duty of said commissioners of high- saieof. 
ways, to expose the said highways, one section at a time, at 
public sale to the lowest and best bidder, commencing on 
the first Monday of May, 1867, and continue from day to 
day until all the section's have been exposed to sale, and 
every three years thereafter, of which sale at least ten days' 
notice shall be given by posting up notices in ten of the 
most public places in said town : Provided, that the com- Proviso, 
missioners may reject any bid they may deem too high 
and sell such sections at private sale ; also, that any person not 
holding property subject to execution and sale for debts un- 
der the existing laws of the state, shall give such security for 
the performance of every contract so purchased as the com- 
missioners of highways may require. 

§ 3. It shall be the duty of each purchaser of a section Piire^aser*- 
to write his name and the sum he is to receive for repairing 
it in the commissioner's book under the description thereof, 
4ndany contractor neglecting to keep his section or sections 
in repair in conformity thereto, upon complaint of any citizen, 
made to the commissioners of highways of said town, it shall 
be their duty to examine thereinto, within four days, and if 
they deem the complaint well founded, to give notice thereof 
to the party complained of, and request him to put his por- 
tion of the road in good repair within six days, and if he 
still neglects or refuses to repair the same, it shall be the 
duty of said commissioners of highways to have the same 
put in good repair and the cost of said repairs shall be re- 
coverable by said commissioners of said contractor or his 
security, with costs of suit. And if either of the poramis- 
sioners holding contracts neglect or refuse to fulfill their 
contract, then the town auditors shall have the same powers • 
and perform the duties required of the commissioners of 
highways, in manner and form herein provided for other 
delinquent contractors. 



76 



HIGHWAYS, 



Contracts, 



Taxes, § 4. That it shall be the duty of the commissioners of 

highways, within ten days after the sale of the public high- 
ways, and annually thereafter, to assess a poll tax equiva- 
lent to two days' labor, on every male inhabitant being 
above twenty-one and under fifty years of age (except such 
as may be exempt by law), also to assess a road tax on all 
real estate and personal property in said town, liable to 
taxation, for road purposes at such rate as will (with the 
poll tax) meet the sale and other expenses of making and 
keeping in re.pair said public highv/ays in each year. And 
in no case shall any contractor receive more than one-third 
part of the amount of said sales in any one year, nor until 
an equal part of the work is done on his contract as esti- 
mated by the commissioners of highways. 

§ 5. Any contractor who may remove out of the town 
by giving ten days' notice thereof in writing to one of the 
commissioners, before such removal, or in case of death, the 
comitiissioners shall pay to such contractor so removing or 
to the representatives of such decedent, such portion of the 
money specified in their contract as they shall believe 
them justly entitled to, and the unexpired time of such 
contract so yielded up or abandoned, also any sections of 
new road may be sold at private sale by the commissioners 
of highways. 

§ 6, That it shall be the duty of the commissioners of 
highways in said town of Kichland, to make return to the 
supervisor of said town, of taxes not paid by contract, nor 
paid to the treasurer of the commissioners of highways or 
overseers of highways, are required to do in accordance 
with section forty-three (4:3), article seventeen (IT), town- 
ship organization of roads, highways and bridges, in force 
April ist, 1861. 

^Fev ^le'iscs^ ^ '^' "^^^^^ *^^® "Act to facilitate the draining of wet 

applicable. ' lands," approved February 16, 1865, shall and is hereby 
made applicable tor draining highways in the town of Rich- 
land, La Salle county. 

Accounts ot § 8. That the said commissioners shall keep a correct 
account of the kind of service performed by them with the 
date thereof, and they shall be allowed such compensation 
therefor as the board of auditors of said town may deem 
just and equitablefor every day necessarily emploj'ed in dis- 
charging the duties of their office, not exceeding one dollar 
per day, and the commissioners of highways, shall on the 
second Tuesday, next preceding the time of holding the 
annual town meeting, exhibit their book and other ac- 
counts, to the board of auditors of said town to be adjusted 
by them as other town accounts are audited and paid. 

§ 9. It shall be the duty of the town clerk on the peti- 
tion of twenty five legal voters to give notice in the notice 
for the annual town meeting of 1870, that this act will be 
submitted to a vote by ballot, for or against said act. and if 



Eeturns of 
tuxes. 



service — com 
penEation. 



HOSPITALS. 

a majority of the votes cast are against the contract road law, 
then this act shall be held as repealed and void from that 
date, but if a majority of the votes cast are for the contract 
road law, then this act to remain in fall force. 

§ 10. That such parts of the existing highway laws of 
said town of Richland as are inconsistent with this act, are 
hereby repealed. 

Approved February 2S, 1S67. 



AN" ACT to incorporate the Womens' Hospital of Quiney. la force Feb'y 

23, 1867. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly^ That John corporators. 
Wood, Robert S. Bermeson, George J. King, S. Hopkins 
Emery, William B. Powers, Sidney Carbett, Frederick 
CoUins, James M. Bishop, C. A. Warren, A. E. Wheat, S. 
S. Hunting, Samuel Holmes, M. R. Butts, Mrs. Robert 
Benison, Mrs. Hiram Rogers, Mrs. ISi. Bushnell, Mrs. C. 
A. Streeter, Mrs. S. S. Hunting, Mrs. John Wood, Mrs. 
A. C. McFiddon, Mrs. J. O. Woodruff, Mrs. C. W. Cleve- 
land. Mrs. James Woodruff, Mrs. J. AV. Bishop, Mrs. J. B. 
Gilpin, Mrs. P. M. Hollowbush, Mrs. O. H. Browning, 
Mrs. Frederick M. Boyd, Mrs. John Wood, Mrs. C. Little- 
field, Mrs. Robert Tillson, Mrs. M. R. Butts, and their as- 
sociates and successors, be and are hereby created a body 
politic and corporate, by the name, style and description of Namemd style 
" The Womens' Hospital of Quiney," and by that name 
shall have perpetual succession,. and be capable of suing 
and being sued, pleading and being impleaded, answering 
and being answered unto, in all courts of law or equity ; to Powers. 
make and have a corporate seal, and the same to alter and 
renew at pleasure, and shall be capable in law and equity 
of taking and holding by gift, donation, devise, purchase 
or otherwise any lands, tenements, goods, chattels, moneys 
and property, real, personal or mixed, and the same prop- 
erty to sell, and convey at pleasure ; also, to make all such 
improvements thereon, and to lease or otherwise of tlie 
same or any portion thereof, as may be deemed best for the 
advancement of the objects of this' corporation : Frovided^ ^/afue'^oF^'^'^"' 
that said corporation shall not hold real property at any one 
time, the yearly rent of which exceeds thirty thousand 
dollars per annum ; and such building or buildings, which 
said corporation shall erect for hospital purposes, shall with 
the lands absolutely necessary for said hospital, while they 
are used and occupied by said corporation exclusively and 
solely for hospital purposes as herein specified, shall be ex- 
empt from city, county and state taxation, but not otherwise. 



78 



HOSPITALS. 



Wisnomer- 
gifts, etc. 



Objects. 



Membership. 



Manngers. 



Assistant man- 
agers. 



Annual meeting 



Women physi 
cians. 



§ 2. That no misnomer of said corporation or their suc- 
cessors shall defeat or annul any gift, grant, devise or be- 
quest to or from the said corporation : Provided, that the 
interest of the party or parties shall sufficiently appear upon 
the face of snch gift, grant, will or other writing, whereby 
■ any estate or interest was intended to pass to or from said 
corporation. 

§ 3. That the object of said corporation shall be to estab- 
lish — and said corporation may establish in the city of Qain- 
cy — a hospital for the treatment of diseases of women and 
children, and for obstetrical cases, furnishing at the same 
time facilities for clinical instruction to women, engaged in 
the study of medicine, and for the practical training of 
nurses ; .the chief resident physician to be a woman. 

§ i. The members of the said corporation shall be such 
persons, as shall contribute for the erection or support of the 
hospital, twenty dollars or more in one payment, or not 
less than five dollars, prior to the first election, and there- 
after, those who shall have paid the last named sum an- 
nually for two consecutive years, immediately preceding 
the annual meeting being held. 

§ 5. The board of managers of the said corporation, shall 
consist of not less than twelve, nor more than twenty-four . 
women, who shall be elected by the members of said corpo- 
ration at the annual meeting; one-third being elected each 
year, to serve for a period of three years, and until their 
successors are appointed. The board shall appoint the offi- 
cers of this corporation from its own body, and shall have 
power to fill vacancies occurring in the intervals of election, 
either from death, resignation, removal or inattention to the 
duties as managers ; to make by-laws for its government, 
and for the management of the hospital, the safe keeping 
of the funds and other property of this corporation, and 
their appropriation and use, in accordance with the interest 
and purposes of this institution. 

§ 6. The officers of this corporation, shall be a presi- 
dent, two vice presidents, a secretary, treasurer, board of 
managers, board of advisers and such other officers as said 
board shall see proper to elect. 

§ 7. The managers of the said corporation shall be as- 
sisted by a board of advisers of nine men, who shall be 
elected annually by the board of managers, from the cor- 
porators or medical faculty of said city of Quincy. 

^ 8. The annual meeting of the members shall be held 
on the third Thursday of January, in every year, for the 
election of managers, and for hearing the annual report 
of the condition of the hospital ; special meetings of the 
members may be called by the board of managers, when- 
ever they may deem it necessary. 

§ 9. It may be discretionary with the managers to make 
pecuniary arrangements with the corporators of the Female 



'HOSPITALS. 79 

Medical College of Pennsylvania, for the education of com- 
petent women as physicians, the number not to exceed three 
at any one time. 

§ 10. The persons named in section one of this act, or ^•,^mber of 
a majority of them, after publishing a notice of the time Xs^s'Jfication. 
and place" of holding such meeting, for at least five days 
previous, in some daily newspaper published in said city of 
Quincy, may at any time they see proper, elect of tlieir 
number not less than twelve, nor more than twenty-four 
as a board of managers, of the said corporation. Such man- 
agers so elected, shall divide themselves into three classes, 
to serve respectively until the first, second and third annu- 
al meeting of the said corporation, 

§ 11. And be itjurther enacted by the authority afore- Duties of om- 
said, that the duties and rights of the members of the said '=^"' ^*''- 
corporation, the powers and functions of the officers thereof, 
the number of members, which shall constitute a quorum 
at its meetings, the causes which shall justify the suspen- 
sion or expulsion of members from the corporation, and all 
other concerns of the said corporation not hereinbefore pro- 
vided for, shall be regulated by the by-laws and ordinances 
of the said corporation, hereafter to be made, ^\hich the 
Baid corporation is hereby authorized to make and alter in 
the manner which may be therein mentioned : Provided, 
the said by-laws or ordinances shall not be repugnant to, 
or inconsistent with the constitution of the United States or 
of this state. 

§ 12. This act is hereby declared a public act, and shall 
take efiect and shall be in force from and after its passage. 

Approved February 23, 1867. 



AN ACT to incorporate the Mercy Hospital and School and Orphan Asylum in force Feb'y 
of Ottawa, Illinois. ' 28, 1867. 

Section 1. J5e it enacted by the People of the State 
of Illinois, represented in the General Assembly, That 
Sister Paula, Sister Xavier, Sister Agnes, Sister Du Chautal, 
Sister Euplorasia, and their successors in ofiice, be and the 
same are hereby created a body politic and corporate, un- 
der the name and style of "Mercy Hospital and School Name and style. 
and Orphans' Asylum of Ottawa," and henceforth shall be 
styled and known by that name, and by that name and 
style to remain and have perpetual succession, with power powers. 
to sue and be sued, plead and be impleaded ; to acquire, 
hold and convey property, real, personal and mixed, in all 
lawful ways ; to have and use a common seal, and to alter 
the same at pleasure; to make and alter, from time to time", 



80 



HOSPITALS. 



Vaeaneies — 
purposes of 



ligious tenets 



Location — gifts 
grants, etc. 



Provis 



such by-laws as they may deem necessary for the govern- 
ment of said institution, their officers and servants: Provi- 
ded, such by-hiws are not inconsistent with the constitution 
and laws of this state and of the United States. 

§ 2. Said corporation shall have power to fill such 
vacancies in their own body as may happen by death, resig- 
' nation or otherwise, and shall hold tlie property of said 
institution solely for the purposes of supporting and main- 
taining them, and for the purpose of providing means for 
the education of orphan children, and for the protection 
and support of destitute females, and for such otlier cliari- 
table purposes as shall not be inconsistent with the provi- 
sions of this act, and not as stock for the individual benefit 
of themselves, or of any contributor to the endowments of 
the same, and no particular religious faith shall be required 
of those who are admitted to have the charitable relief of 
said institutions. 

§ 3. Said institutions shall remain located in or near the 
city of Ottawa, La Salle county ; and the corporators and 
their successors shall be competent, in law and equity, to 
take to themselves, in either of their said corporate, 
real, personal or mixed estate, by gift, grant, bargain and 
sale, conveyance, will, devise or bequest of any person or 
persons whomsoever, and the same estate, whether real 
or personal, to grant, bargain, sell, convey, demise, let, 
place out at interest, or otherwise dispose of the same for 
the use of the said institutions, in such manner as to them 
shall seem to them most benelicial to said institutions. Said 
corporation shall faithfully apjjly all the funds collected or 
the proceeds of the property belonging to either of said insti- 
tutions, according to their best judgment, in erecting suit- 
able buildings, supporting necessary officers and servants, 
and procuring furniture, medicines, instruments and other 
apparatus necessary for the success of said institutions : 
Provided, nevertheless, that in case any donation, devise or 
bequest shall be made for particular purposes, accordant 
with the design of said institutions, and the corporation shall 
accept the same, every such donation, devise or bequest 
shall be applied in conformity with the express conditions 
of the donor or devisor : Provided, further, that said cor- 
poration shall not be allowed to hold more than one thou- 
sand acres of land at any one time, unless the said corpora- 
tion shall have received the same by gift, grant or devise, 
and in such case they shall be required to sell or dispose of 
the same within ten years from the time they shall acquire 
such title, and on failure to do so, said land, over and above 
the above named one thousand acres, shall revert to the 
original donor, grantor, devisor, or their heirs. 

§ 4. The treasurer of the institutions, and all other 
agents, when required, before entering upon the duties of 
their appointments, shall give bonds for the security of the 



HOSPITALS. 81 

corporation, in such penal sums and with such securities as 
the corporation shall approve ; and all process against the 
corporation shall be by summons, and the service of the 
same shall be by leaving an attested copy thereof with the » 
treasurer, at least sixty days before the return day thereof. 

§ 5. The corporation shall have power to employ and President and 

" • •! . T , ,• ^-,1 c^ -1 • ... directors— 

appomt a president or directors tor either ot said institu- powers of. 
tions, and all such officers or servants as may be necessary, 
and shall have power to displace any or each of them, as 
the interests of the institutions require ; to fill vacancies 
which may happen by death, resignation or otherwise, 
among said officers and servants, and to prescribe and di- 
rect the mode of governing and conducting said institu- 
tions. 

§ G. Should the corporation at any time act contrary to ^lacfag."^ *°''^* 
the provisions of the charter, or fail to comply with the 
same, upon complaint being made to the circuit court of 
La Salle c(^unty, a scire facias shall issue, and the district 
attorney shall prosecute in behalf of the people of this state, 
for a forfeiture of said charter. 

This act shall be a public act, and shall be construed 
liberally in all courts for the purposes hereinbefore ex- 
pressed. 

AppKoyED February 28, 1867. 



AN ACT to incorporate the Institution of Protestant Deaconesses, and to In force May- 
provide for the management and control of an Hospital in Chicago. '^> '^^^'^• 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That Eliza- corporators, 
beth Hupperts, Louisa Mathews, Caroline Super, Barbara 
Kag, Lisette Nagle, Vernelia Gaehring and their associates, 
together with others who may become members of the as- 
sociation, according to the by-laws, and the Kev. W. A. 
Passavant, director, Rev. Gottlieb Bassler, vice director. Rev. 
Erland Carlson and Rev. Henry Reek, treasurer and secre- 
tary, and their successors in office, be and they hereby are 
made and constituted a body corporate and politic in law 
and in fact, under the name, style and title of " The Institu- Name and styia 
tion of Protestant Deaconesses," to have perpetual succes- 
sion, to use a common seal, to plead and be impleaded, in 
all courts of record and elsewhere ; to purchase acquire, Poweri, 
receive, hold and enjoy real, personal and mixed estate of 
any kind whatsoever, and sell, convey, lease and encumber 
the same, for the use objects and benefits of the association : 
Provided, that the annual income of real estate owned, by 
the corporation, exclusive of the houses occupied by the as- 
Vol. II-6 



82 HOSPITALS. 

sociation for its merciful uses, and the grounds attached 
thereto shall not exceed the 3^early revenue of ten thousand 
dollars. They shall have power also to make such by-laws 
and regulations for their own government and discipline 
and for the admission of new members into the institution, 
their duties and time of service as they may deem necessary 

Proviso. and advisable : Provided, that said by-laws and regulations be 

not inconsistent with the constitution of the United States or 
of this state : And provided also, that no person or persons, 
shall be or remain a member of the corporation except- 
members of the association in good and regular standing, 
and such officers as are now or shall hereafter be elected in 
the manner hereinafter provided. 

Objects. § 2. That the objects of this association shall be the re- 

lief of the sick and insane, the care of orphans, the educa- 
tion of youth, and the exercise of mercy to the unfortunate 
and destitute, and that the property of said association 
occupied for these purposes and the income used in their 
support, shall be exempted from taxation, nor shall the 
grounds of said association be subject or liable to have any 
public road, street, lane or alley, laid out or opened therein 
so long as they shall be used and employed for the charita- 
ble purposes aforesaid. 

Management of § 3. The government and management of this associa- 
aflfairs. tiou, shall bc uudcr the direction of a board of managers, 

who shall consist of a director, who is chairman, a vice di- 
rector, a' directing sister, a treasurer and secretary, two of 
whom with the director, and in case of his absence, the vice 
director and the directing sister, shall constitute a quorum 
for the transaction of business ; of these, the director, vice 
flirector and directing sister shall be chosen by ballot, joint- 
ly by the board and the other members of the aforemen- 
tioned Institution of Protestant Deaconesses, a notice hav- 
ing been given of such election, at least two months before, 
to the board and all the m.embers of the aforesaid Institu- 
tion of Protestant Deaconesses, wherever they may be la- 
boring. The secretary and treasurer, shall be annually cho- 
sen by the board alone, at the regular annual meeting on 
the second Monday of February, in each year and in case 
of any vacancy in the board, by death, resignation, remo- 
val or otherwise, the remainder of said board shall have powd- 
er to fill such vacancy by the election of another person un- 
til the next annual meeting, or until an election can be 
held : Provided, that a failure to elect, on the day and time 
mentioned shall not work a forfeiture of the charter: And 
provided also, that a failure to secure a quorum, on the day- 
aforementioned for the annual meeting shall not work a 
forfeiture of the charter. The aforementioned board of 
managers shall also have power to establish, control, govern 
and manage any hospital, orphan house, insane asylum or 
school, necessary and proper for the carrying out and ful- 



HOSPITALS. 83 

filling the general objects and purposes of the association, 
as herein declared and set forth, also to contract for and erect 
all necessary buildings, provide all the accommodations, ar- 
rangements and conveniences requisite for the reception and 
proper care of the patients, orphans and pupils ; they shall 
prescribe the kind and character, of the inmates and patients, 
and the terms and conditions upon which they may l)e ad- 
mitted, discharged and removed, and make such regulations 
for their government and that of the officers, and all others 
employed in and about the institutions, under their care as 
they may deem necessary and proper, from time to time. 

§ 4. That as the persons composing the aforementioned 
association are members of the Evangelical Lutheran church 
and desire to remain unmolested in the free exercise of their 
religious faith and worship : It is hereby provided^ that 
no one shall be elected director of the association, or vice 
director, who is not a clergyman in good, and regular stand- 
ing in an acknowledged Evangelical Lutheran Synod, in 
the United States. 

§ 5. That no misnomer of the 'said corporation shall defeat Misnomer, 
or annul any gift, grant, conveyance, devise or bequest, to the 
said corporation: Provided, that the intent of the party or proviso. 
parties, shall sufficiently appear upon the face thereof, wher- 
bj any estate or interest, was intended to pass to said cor- 
poration, or to any hospital, asylum, orphan house, school 
or other charity, under the management and control of the 
corporation hereby created. 

§ 6. And whereas the Eev. William A. Passavant, Preamble. 
by the aid of sundry charitable persons, has established a 
hospital in the city of Chicago, Illinois, known at present 
as the " Deaconess Hospital," (but which name may be 
changed, and said hospital designated, as the board of 
visitors hereinafter named shall determine), in order that 
the suffering and the sick may be cared for and relieved, 
in a becoming and christian manner without distinction of 
creed, country or color, and has placed the same under the 
immediate supervision and control of the aforementioned 
"Institution of Protestant Deaconesses," the said Rev. W. A. 
Passavant, is hereby authorized and empowered to assign, Assignments. 
convey and transfer, to the aforesaid corporation, all prop- 
erty, real, personal and mixed, which is now or may hereaf- 
ter be held by him in trust for the purposes of said hospital, 
subject to the same trusts and considerations, upon which 
he may hold the same ; and that any other person or per- 
sons now holding, or who may hereafter hold any goods, 
chatties or property, real, personal or mixed, in trust for 
the use of the aforesaid hospital, are hereby authorized to 
convey, assign and transfer the same to the aforementioned 
"Institution of Protestant Deaconesses," subject to the 
trusts and conditions under which the same is or may be 
held, by such person or persons. 



84 ' HOSPITALS. 

Trustees - rb- § 7. William B. Ogden, Ezra B. McCagg, William Bross, 

of-duuea of!^ Eliphalet W. Blatchford, J. Young Scammon, Elbridge G. 

Hall, Samuel Hale, Jonathan Burr, Conrad Furst, William 

Blair, Muelke, Francis A. HoiFman, Yan H, Hig- 

gins, John Y. Farvvell, Edwin H. Sheldon. Gilbert Hub- 
bert, Iver Lawson, Erland Carlson and Thomas B. Bryan, 
and their successors, appointed as hereinafter provided, 
shall constitute a board of visitors, who shall meet annually 
on the third Monday in January, to examine and report for 
publication, the condition and management of the Deacon- 
ess' hospital aforesaid, for which purpose they shall have 
free access to all the buildings, apartments and grounds be- 
longing thereto, and the inspection of all books, papers and 
accounts relating to the management thereof. And it shall 
be their special duty to investigate, and in their annual re- 
port set forth, any discrimination which may at any time 
hereafter be made in favor of the sick of one creed, color 
or country over another in the granting of permits or the 
care of tlie sick, to the end that such abuse may be speedily 
corrected. All vacancies in said board of visitors shall be 
filled by a vote of the majority of the patrons of the hos- 
pital, hereinafter mentioned, at a meeting convened for the 
purpose on the call of the surviving members of the board, 
or in default of such election, by the board of visitors at 
their next annual meeting. 
Direoora' § ^' ^^^® dircctor of the hospital, together with the 

annual reports, physiciaus and treasurer, all of whom are appointed by the 
aforementioned "Institution of Protestant Deaconesses," 
shall present an annual report of their respective depart- 
ments of the hospital to the said board of visitors, which, if 
so ordered by them, shall be published in pamphlet form. 
Privilege* of § 9. Any Contributor who has already, or who shall 
contributors, hereafter, subscribe the sum of one thousand dollars at a 
single benefaction, or who has subscribed a less sum and 
shall increase the same to one thousand dollars, on payment 
of the same into the treasury, shall be entitled to become a 
patron for life, and shall have the right to nominate and 
send in gratuitously one patient at all times during the year : 
Pi'ovided, that the person so nominated shall be of the 
condition and fall within and comply with the rules that 
may be established for the government of the hospital ; and 
the same privileges and rights shall be conferred on any 
person or corporation paying one hundred dollars annually 
for the period of fifteen years, and the same privileges and 
rights to the free beds of the hospital shall be conferred on 
any church or religious society which shall take an annual 
collection for the benefit of the hospital amounting to the 
sum of seventy-five dollars annually. 
Removal of § 10. The fuuds and property of said hospital shall 
ftindii, •te. never be removed from Chicago. 



HEIR8-ATLAW. g5 

§ 11. The property and effects of said hospital, in the Property, etc, 
event of the said board of Protestant Deaconesses becoming, 
extinct, or in way faihng or refusing to take the charge and 
care of §aid hospital, shall become and be the property of 
said board of visitors, in trust, fur the uses and purposes, 
and by them to be managed, in accordance with the provis- 
ions of this act. 

§ 12. No discrimination shall at any time be made in Discrimination 
said hospital in favor of the sick of any creed, color or na- of^creed,ooior 
tion, either in the granting of permits or in the reception of 
patients, or in the care of the sick, or in any other par- 
ticular. 

§ 13. In the event of a failure at any time on the part Careof sick, 
of said institution of Protestant Deaconesses to provide for 
the care of the sick in said hospital, said board of visitors 
may make proper provisions for such care. 



AN ACT to make Grayson Smith Middleton heir-at-law of Grajson F. In force Feb'y 
Middleton. 21,186T. 

Whereas, on the night of the second of July, 1865, a preamble, 
foundling was left with Grayson F. Middleton, of Morgan 
county, Illinois ; and, whereas, said child has been adopted, 
and christened Grayson Smith Middleton ; and, whereas, 
said Middleton desires to make said adopted child his heir- 
at-law ; therefore. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That the said Legal heir. 
Grayson Smith Middleton shall be, and is hereby made and 
coT\stituted a legal heir of said Grayson F. Middleton, with 
full power and authority to take, hold and enjov and trans- 
mit any and all property that shall or may descend to him 
from Grayson F. Middleton, in the same manner as if he 
had been a natural born child of said Grayson F. Middleton. 

2. This act shall be a public act, and shall be in force 
from and after its passage. 

Appeoted February 21, 1867. 



an act making Jennie May Allen heir-at law of Harvey E. Allen. In force March 

9,1867, 

Section 1.. Beit enacted hy the People of the State of 
Illinois, represented In the General Assembly, That Jennie Heir-at-iaw, 
May Allen, daughter of Martin Y. Allen, be and hereby is 
adopted by and made heir-at-law of Harvey E. Allen. 

§ 2. This act to take effect from and after its passage. 

Approved March 9, 1867. 



86 



Capital stock. 



Government 
of affairs. 



In force Feb'y' AN ACT to incorporate the Union Hall Association of Atlanta. 

25, 1867. 

Section 1. Be it enacted ly the People of the State of 
Illinois, rejpresef)ited in the General Assembly, That Benja- . 
mill Bean, James Shores, Alexander Downey, Charles JB. j 
Yan Horn, Asa C. Barnes, Anthony IST. Dills, and Mor2;an 
Williams, and their associates, heirs and assigns, are here- 
by declared and constituted a body politic and corporate, 
Name and style by the naiuc and style of the "Union Hall Association of 
the town of Atlanta, Illinois," and by that name and style 
shall have perpetual succession, and shall be capable in law 
of suing and being sued, pleading and being impleaded, 
Powers. answering and being answered unto, in all courts and pla- 

ces whatsoever ; may have a common seal, and may alter 
and change the same at pleasure ; and they and their suc- 
cessors may also, by that name and style, be capable, in 
law, of contracting and being contracted with, and of ac- 
quiring, by purchase or otherwise, and of holding, improv- 
ing and conveying real and personal estate, for the uses 
and purposes of said corporation. 

§ 2". The capital stock of said association shall not ex- 
ceed twenty -five thousand dollars, and shall be divided into 
shares of twenty -live dollars each. 

§ o. All the corporate powers of said association shall 
be vested in a president, vice president and five directors, 
who shall hold their office for one year and until their suc- 
cessors are elected. Annual meetings shall be held on the 
second Monday in February by the members of the associa- 
tion, for the choice of president, vice president and directors, 
and other business that may come before them, at such time 
and place, in the town of Atlanta, as may be designated by 
the directors, and notice thereof shall be given by posting 
in three of the most public places in the toVn of Atlanta, 
at least ten days previous to said meeting. And in all elec- 
tions for office the ratio of votes shall be one vote for 
every share, to be ascertained viva voce, on call of the roll 
of stockholders, and no person shall be a president, vice 
president or director of said company who is not a stock- 
holder thereof. 

§ 4. The board of directors (a majority of whom shall 
constitute a quorum) shall have full power and authority to 
appoint a secretary, treasurer and such other officers as may 
be designated by the directors, and do all other acts necessary 
to promote the interest of the association, and to carry into 
effect the provisions and objects of this act ; and until an 
election be held under the provisions of this act, the present 
officers elect, to-wit : Benjamin Bean, president, James 
Shores, vice president, and Alexander Downey, Charles B. 
Van Horn, Asa C. Barnes, Anthony N. Dills, and Morgan 
Williams, directors, shall perform all the duties to be per- 



87 



formed by such directors under this act, may make all 
needful by-laws, rules and regulations for the government 
of the association. 

§ 5. The object of this association shall be to construct object. 
a hall for the use of said association, and for literary and 
benevolent societies and other general purposes. 

§ 6. This act sliall take effect from and after its pas- 
sage. 

Approved February 25, 18G7. 



AN ACT to incorporate a public hall company in the city of Monmouth. in force Feb'y 

9^1867. 

Section 1. Be it enacted by the People of the State of 
Jlli7iois, represented in the General Assembly, That J. K. 
Russell, E. E. "Wallace, W. B. Jenks, ]S'. and J. Carr, and ■ 
all such persons as have subscribed or may subscribe for 
stock in an association formed for the purpose of building 
a public hall in the city of Monmouth, on lots one, four and 
Hve, in block twenty-four, in Monmouth, Illinois, are here- 
by constituted and declared a body politic and corporate, 
by the name and style of the "Union Hall Association of Name and style 
Monmouth," and by that name and style they may contract 
and. be contracted with, sue and be sued, plead and be im- 
pleaded in all courts of law and equity ; may make and powers. . 
nse a common seal, and alter the same at pleasure ; may 
acquire, by purchase or otherwise, and hold such real and 
personal estate as may be necessary, useful and convenient object. 
to accomplish the objects of the association, i. e., the build- 
ing and construction of a two, three or four story building 
on said lots, one story of which, at least, shall be used for 
the purposes of a pubhc hall, and the residue of the stories 
may be used for any purpose not inconsistent with the 
municipal laws of the said city of Monmouth, or of the laws 
of the state of Illinois or of the United States, and shall 
have power to convey and lease the same. Said association 
shall have power to purchase, for the purpose of erecting 
said building, any quantity of real estate, not to exceed one 
acre. 

§ 2. The capital stock of said company shall be twenty- capital .stock. 
five thousand dollars, with the privilege of increase to 
thirty thousand dollars, and shall be divided into two hund- 
red and fifty share of one hundred dollars each ; but when- 
ever two hundred shares of said stock is subscribed, said 
company may proceed to organize, make calls upon stock, 
and proceed to carry out the objects of the association. 

§ 3. Said corporation shall have power to borrow money Borrow money, 
at any rate of interest not exceeding ten per cent,, as may 



88 HYDRAULIC COMPANIES. 

be agreed upon, aud to issue its bonds therefor, and may 
convey, in pledge, or security therefor, the real or personal 
estate of the association. 
Directors. § ^- Said association, upon organization, shall have 

power to elect live directors, who shall elect from their 
number a president, secretary and treasurer, and said di- 
rectors shall be elected annually thereafter on the first 
Monday of January of each year. A majority of such di- 
rectors shall constitute a quorum and shall be capable of 
transacthig the business of the corporation, and of making 
such rules, regulations and by-laws as they may deem 
proper : Provided, the same shall not be inconsistent with 
the constitution ot the state or of the United States. Each 
share of the capital stock ot said company shall at all elec- 
tions represent one vote. 

§ 5. This act to take effect from and after its passage. 

Approved February 9, 1867. 



In force March 
9, 1867. 



AN 



ACT to incorporate the Elgin Hydraulic Company. 



Section 1. Be it enacted by the Peojjle of the State of 
Illinois, represented in the General Assemhly, That William 

Corporators. C. Kimball, Tiiomas Clark, John Spillard, Philo Sylla, 
Increase C. Bosworth, Henry Bierman, Francis Jackson, 
Edwaid S. Wilcox, Theophilus lien wick, x\gustus Heide- 
man, and all other persons who are owners of the water 
power and dam across the Fox river at Elgin, Kane county, 
Illinois, and their successors, be and they are hereby cre- 
ated a body corporate and politic, under the name and 

Name and style Style of the "Elgin Hydraulic Company," and as such cor- 
poration, and by that name shall have perpetual succession, 

Powers. with full powcr to contract, to sue and to be sued, in 

all courts; to have a common seal, and to alter the same at 
pleasure, and to have all power necessary or incidental to 
carrying into eU'ect the objects of this act, and such as are 
possessed by similar corporations in this state. 

§ 2. Any three of the above named corporators are 
hereby authorized to open in said city of Elgin, books of 
subscription to the stock of said corporation at any time 
after the passage of this act, and each member shall have 
one share of stock and one vote at all meetings of the 
stockholders for eacli and every square inch of said water 
power owned or represented by him, and as soon as the 
persons owning or representing a majority of said water 
power shall have subscribed to said books, the said cor- 
poration may organize and the corporators shall thereuix)n 
call a meeting of the stockholders for the election of three 



SubseviDtion. 



HYDRAULIC COMPANIES. 89 

directors, and the transaction of such other business, not 
inconsistent with the provisions of this act, as may be 
deemed necessar}'. , 

§ 3. The aifah's of said corporation shall be managed Dir«ctor». 
by a board of directors to consist of three stockholders 
thereof, who shall be chosen annually at such times and in 
such manner as the stockholders shall determine by their 
by-laws. 

^ 4. It shall be the duty of said corporation, acting Dam acrow Fox 
through its board of directors to keep and maintain the ^aysr'"*' 
dam across the Fox river at Elgin aforesaid, in good and 
perfect order and repair at all times, and also to maintain 
and preserve the raceways on each side of said river and 
generally to do such other acts and things for the preserva- 
tion and maintenance of said water power as the said board 
of directors may deem necessary and proper. 

§ 5. It shall be the duty of said board of directors to Gates, flames, 
60 regulate the gates, flumes and apertures for drawing *'*^- 
water from said raceways of each of the stockholders of 
said corporation as to prevent each of said stockholders 
from drawing or using more water than properly belongs 
to him, her or them, and in order to enable said directors 
the mure effectually and promptly to perform said duty, 
they are hereby authorized and empowered at any and all 
times to enter upon the premises of any stockholder of 
said corporation, and to so change, alter or repair the gate:-, 
flume or other aperture for drawing water from either of 
said raceways of any stockholder of said corporation, as to 
prevent such person from drawing or using more water 
than he or she m.ay be entitled to use and to stop all leakage 
and waste of said water, and all expenses incurred in enforc- 
ing the provisions of this section shall be assessed by said 
board to the stockholders upon whose premises such expen- 
ses are incurred, and collected in the manner herein pro- 
vided for the collection of other assessments by said board. 

§ 6. Said board of directors shall have full power to ^'■*J^'^"° °^ 
regulate the drawing of water from said dam and raceways, 
and it shall be their duty at all times of low water to direct 
the quantity drawn and time of drawing the same by each 
proprietor thereof, in such manner, as to insure to each 
stockholder the nse of his or her full and just proportion 
of said water power and as shall also be most conducive to 
the interests of said corporation. 

§ 7. For the purpose of paying the expenses of making As-essments fer 
such repairs as are hereinbefore specified, and of perform- '■®p'*"'»- • 
iug the duties herein enjoined upon said board of directors, 
it shall be the duty of said board from time to time as they 
shall deem necessary and proper to estimate as correctly as 
may be, the amount requisite for carrying into eflect the pro- 
visions hereof, and they shall thereupon assess the amount 
of such estimate upon the various stockholders of said cor- 



90 



HYDKAULIO COMPANIES. 



Assessments, 



Payment of 
assessments. 



poration ratably in proportion to the number of square 
inches owned or represented by them respectively. 

§ S. It shall be the duty of the aforesaid board of directors, 
immediately upon making any such assessment, to serve a 
written notice npon each of the stockholders so assessed, 
stating the amount of the estimate and the sum assessed 
against such stockholder, which notice may be served by 
deHvering a copy thereof to such stockholder personally, 
or by leaving a copy thereof at the residence of such stock- 
holder with some member of his or her household: Pro- 
vided^ hoioever, that if any stockholder of said corporation 
shall not be a resident of said city of Elgin, the said board 
of directors in lieu of serving such written notice upon such 
non-resident stockholder, may publish the same by one inser- 
tion in a public newspaper of said city of Elgin, which said 
publication shall have the same force and effect as the per- 
sonal service of said notice. 

§ 9. Within ten days after the notice or publication of 
the notice mentioned in the preceding section hereof, the 
sum so assessed shall become due and payable from each 
stockholder to said board of directors, and it shall be the 
duty of each stockholder so assessed, to make immediate 
payment of the same to the treasurer of said corporation, 
at his office in Elgin aforesaid. 

Refusal to pay. § 10. Sliould any Stockholder of said corporation, neg- 
lect or refuse for the space of ten days after the service or 
publication of such notice as provided in the preceding sec- 
tion hereof, to pay the amount of sucli assessment to the 
treasurer of said corporation, it shall be'the duty of said 
board of directors to cause a copy of such estimate, assess- 
ment and notice to be filed in the ofiice of the county clerk 
of said Kane county, and at the next regular term there- 
after of the Kane county court, the judge thereof, shall 
hear the evidence offered in support of and against such 
estimate, assessment and notice, and confirm, annul, change 
or amend the same in a summary manner according to the 
rights and interest of said corporation and stockholder : 

ProYis*. Provided^ however, that no assessment shall be made against 

any stockholder of said corporation, except upon the basis of 
the number of square inches of water power owned or rep- 
resented by him or her, as compared to the whole amount 

Judgments. of Said pOWCr. 

§ 11. It shall be the duty of the clerk of said court, 
immediately upon the rendition of any judgment in the cases 
provided for in the preceding section, to enter said judg- 
ment upon the records of said court, and to issue execution 
thereon in the njanner provided by statute for the entering 
of judgments and issuing of executions in the circuit courts 
of this state. 

§ 12. The judgments rendered in pursuance of this act, 
shall be a valid lien upon the portions of water power 
ao^ainst which the same are assessed and the executions 



Varidity, force 
and efftict of. 



HTDKAULIO COMPANIES. 91 

issued thereon, shall have the same force and effect, and shall 
be executed and returned in the manner provided bj statute, 
for the collection and return of executions issued by clerks 
of the circuit courts of this state. 

§ 13. Nothing herein contained shall be so construed collection of 
as to prevent said board of directors from bringing suit for "•''sesaments. 
the collection of any assessment made by them according 
to the provisions of this act in the established courts of this 
state. 

§ Itt. The said company may by its by-laws, establish Penalties, etc. 
such penalty for the violation by any of its members of any 
of the foregoing sections, or the regulations made in pur- 
suance thereof, not to exceed twenty-iive dollars fur any 
one offence, the same to be recovered in an action of debt 
before any justice ot the peace, in and for Kane county. 

§ 15. This act shall be a public act, and shall be favor- construction of 
ably construed for the enforcement of its provisions, and it ^" * 
shall be in force from and after its passage. 

Appkoved March 9, 1867. 



AN ACT to incorporate the Fox River Hydraulic and Manufacturing in loree Feb'y 
Company. 16, 186T 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Clark corporators. 
Wilder, Amos T. Hall, John R. Coulter, Vine A. Watkios, 
W. W. Bishop, Julian S. Rumsey, Charles L. Hoyt, Will- 
iam Lawrence, E. H. Hadduck, Eugene Canfiekl, Russell 
C. Mix, D. W. Hurd and Robinson L. Carter, and their as- 
sociates, be and they are hereby created a body politic and 
corporate by the name and style of " The Fox River Hy- Name and style 
draulic aud manufacturing company," and by that name 
they and their successors shall have succession and be capa- 
ble in law of contracting, and being contracted with, in all Powers. 
courts and places, and in all matters whatsoever ; of having 
and using a common seal, and of altering or changing the 
same at pleasure ; and they, and their successors may also, 
by_ that name and style, be capable of purchasing, holding, 
enjoying, conveying, leasing and incumbering, such real 
and personal estate as, in the opinion of said corporation, 
may be necessary for the purposes of said corporation, in 
the due exercise of its business. 

§ 2. The capital stock of said corporation shall be two capital stoek. 
hundred and fifty thousand dollars, which shall be di- 
vided into shares of one hundred dollars each, and be 
deemed and considered as personal property, and the 
same shall be subscribed for and taken, under the direction 



92 



HTDRATJLIO COMPANIES. 



of the board of directors of said corporation, in such time 
and places and manner as the board of directors shall from 
time to time direct. The said capital stock of said corpora- 
tion may from time to time be increased by the board of 
directors to any amount not exceeding one million of 
dollars. 

Organization. § 3. The affairs of said company shall be managed by 
a board of nine directors, one of whom shall be chosen 
by said board president, another secretary, and a third trea- 
surer, of said corporation ; and a majority of said board, 
present at any meeting thereof, shall constitute a quorum 
for the transaction of business, but a less number may ad- 
journ from time to time. The first board of directors of 
said corporation shall be elected by the corporators herein- 
before named, or a majority thereof, from their number, as 
soon as practicable after the passage of this act, and shall 
hold their respective offices until their successors shall be 
elected and qualified. As soon as fifty thousand dollars of 
the capital stock of said corporation shall have been sub- 
scribed for and taken, in the manner hereinbefore provided 
for, it shall be the duty of said board of directors to call a 
meeting of said stockholders by giving one week's notice, 
either by personal service, or by advertisement in some 
newspaper published in the city of Aurora, of the time and 
place of said meeting, at which said meeting, said btock- 
holders shall proceed to elect the second board of directors, 
a plurality electing ; which said board of directors shall hold 
their respective offices for the term of one year, and until 
their successors shall be elected and qualified ; and the an- 
nual meeting of the stockholders of said company shall 
thereafter be held on the same day of the same week in the 
same month on which siad first meeting of said stockholders 
shall be held, in each and every year, unless said stock- 
holders shall, at some annual meeting direct otherwise : Fro- 

Proviso. Vided, koioever, that if for any cause, any such annual meet- 

ing shall not be held, and such election had, said corpora- 
tion shall not thereby be held to be dissolved, but, in such 
case, it shall be the duty of the president and secretary" of 
said corporation, to call a special meeting of the stockhold- 
ers thereof, by giving four weeks' notice thereof, in some 
newspaper published in the city of Aurora, specifying the 
time and place of such election ; and an}^ election had at 
such special meeting shall be as valid and effectual as though 
it had been held at the time hereinbefore provided for. 

§ 4. At all elections held by the stockholders of said 
corporation, for said board of directors, each stockholder 
shall be entitled so one vote for each share of stock held by 
him, and may vote either personally or by proxy. And no 
person shall be eligible as a member of said board of direc- 
tors, unless he be, at the time of such election, a stock- 
holder in said company, and above the age of twenty-one 



HYDRAULIC COMPANIES. 93 

years : Provided^ however^ that the provisions of this sec- Proviso, 
tion shall not apply to the board of directors first to be 
elected under the provisions of this act. 

§ 5. In case of any vacancy occurring in said board of di- Vacancies, 
rectors, by death, resignation or otherwise, the same may be 
tilled by the board at any regular meeting of the same ; and 
the person, so elected to fill such vacancy, shall hold hisottice 
until his successor shall be duly elected and qualified. In 
case of the absence of the president, secretary or treasurer, * 

of said corporation, said board shall have the power to ap- 
point substitutes respectively,- who shall have the powers, 
and perform the duties of such office respectively, pro tem- 
pore. 

§ 6. The board of directors of said corporation, shall Rules and 
have the power, from time to time, to make such rules and ^^suiations, 
regulations, for their own guidance, and for the guidance 
and control of the subordinate officers and employees of 
said corporation, not repugnant to the laws of this state 
and of the United States, as they may deem expedient ; 
they may also appoint such subcommittees, engineers, agents 
and attorneys, and other subordinate officers, with such 
powers and under such limitations, as they may deem ex- 
pedient; and the records of said board of directors, or of 
any officer thereof, or of said corporation, kept according to 
the by-laws of said corporation, shall be admitted in all 
courts and places whatsoever, and be held to h^ prima facie 
evidence of the proceedings of said corporation, or of the 
officers thereof. 

§ 7 At each meeting of the stockholders of said corpo- Report*, 
ration, for the election of a board of directors as hereinbe- 
fore provided, a report of the condition of the affairs of said 
corpuration, shall be submitted by said board of directors 
to said stockholders, which shall be sworn to by the presi- 
dent, secretary and treasurer, of said corporation. Said re- . 
port shall contain a statement of the assets and liabilities of 
said corporation, and of the receipts and expenditures of 
the same during the preceding year. 

§ 8. The capital stock of said corporation that may be ta- ®|?j°^ subscrip- 
ken and subscribed for, as hereinbefore provided, from time 
to time, shall be payable in such installments, and at such 
times, as the board of directors shall from time to time de- 
termine, thirty days' notice of each call, (except the install- 
ment to be paid down, if any such shall be by said board 
of directors required), being given by said board, under 
the hand of the secretary, in some newspaper published in 
the city of Aurora : Provided nevertheless .^ that no call on Proviso, 
said stock shall be made by said board of directors of an 
amount exceeding twenty-five dollars a share, at any one 
time : And promded further., that at least ninety days shall ^'o^iao. 
intervene between the time when any two calls on said stock 
shall be due and payable. 



9i 



HYDEAULIC COMPANIES, 



Stock— transfer 



Liens, 
ments 



Assessments- 
liabilities of 
stockholders. 



§ 9. The stock of said corporation shall be transferable 
upon the books of said corporation only, and in such man- 
ner and upon such conditions, as the board of directors of 
said corporation may prescribe ; but in case any stockholder 
shall be in arrears for calls made upon stock held by him, 
he shall not have the right, while he is so in arrear, to 
transfer or assign the same, without the consent of the 
board of directors, and while so in arrear, any such stock- 
holder shall be debarred from the privilege of voting at any 
election for officers of said corporation. 

§ 10. The said company shall have a lien upon all the 
shares of stock held by the several stockholders, for the 
payments of such installments thereon as may be called for 
by the board of directors, under the provisions of this act ; 
and if any stockholder shall fail to pay any such install- 
ment, when the same shall be required of him, said corpo- 
ration may have any or all of the following remedies, as 
the board of directors may determine, to-wit : 

Fir&t^ Suit may be brought against such stockholder m 
any court ot competent jurisdiction, and the amount of such 
installment or installments, with interest thereon, at the rate 
of ten per cent, per annum, from time to time when the same 
became due and payable, to the rendition uf the judgment, 
recovered against him. 

Second, The board of directors may declare the said stock 
forfeited to said corporation, imless the amount due there- 
on, with interest at the rate of ten per cent, per annum, 
from the time when the same so became due and payable, 
shall be paid within thirty days. And if the same be not 
paid within thirty days after notice to such delinquent stock- 
holder from said board of directors, of their declaration or 
resolution as aforesaid, said stock shall be, and be held to 
be, forfeited to said company. 

Third, The board of directors may cause the stock ot 
such delinquent stockholder to be sold at auction, by giving 
thirty days' notice of such sale, in some newspaper published 
in the city of Aurora; and out of the proceeds of such sale, 
first deducting all expenses of such sale, they shall retain 
the sum due on such stock for the installment or install- 
ments in arrear, with interest at the rale aforesaid, and the 
overplus, if any, shall be paid over to the stockholder who 
held the stock so sold. 

§ 11. Without the concurrence of at least three-fourths 
in value of all the stockholders of said company, no assess- 
ment shall be made upon the paid up stock of any stock- 
holder for any additional payment, on account of such stock, 
nor in any event shall any or all such assessment or assess- 
ments ever be made to an amount exceeding twentj^-live 
dollars per share. Every stockholder of said corporation 
shall be personally liable to the amount remaining unpaid 
of the stock held by him, for the debts and liabilities of said 
corporation, and no further. 



HYDKAULIC COMPAI^^IES, 



95 



§ 12. Said compauj may acquire, hold, own, enjoy and Lands, etc. 
control, create and maintain such lands near to and water 
power upon Fox river in the state of Illinois, as may be deem- 
ed suitable for the operations of said company and improve- 
ments connected therewith, or any part thereof, toojether 
with the rights and privileges accruing therefrom, or in any 
wise appertaining thereto ; may erect such buildings and 
macbiuery, as they may deem expedient : may engaire in Business and 

•(.' ^ ^^ 11 n \\ operations. 

the manutacture ot cotton, woolen, hempen, naxen or other 
goods, machinery or other manufactures; and may lease or 
sell power, lands and machinery, to individuals or corpora- 
tions, as may be deemed expedient; and may also acquire, 
liold and enjoy such other real estate as may be deemed 
necessary, and may lay out the same as a town, or as an 
addition to a town, in streets, alleys, blocks, lots and squares, 
and sell and convey the same, or any part thereof under 
such regulations, and upon such conditions as the board of 
directors, or any officer or agent appointed for that purpose 
by said board of directors, may prescribe. Said company 
may also take and hold such notes, mortgages and other 
cboses in action or securities as in the transactions and busi- 
ness of said company may become necessary or convenient, 
and may collect, sell or assign the same. And the board 
of directors shall have power to declare dividends out of 
the actual profits of said corporation or from the sale of the 
land last above mentioned, payable either in cash, or stock, 
as may be deemed expedient. 

§13. In case said corporation shall desire to obtain Appropriationj 

_!• 1 • L ^ 1 i^- 1 1 ^ ..' *^f lands, etc. 

from the proprietors or owners thereot any lands lor tne 
improvement of any water power which they may acquire 
-jnder the provisions ot this act, which they may need for 
the location of any canals or race of any kind or descrip- 
tion whatever, or for the location upon, of any bulk heads 
or tail races, head gates, or other appurtenances necessary 
to the use of said water power, or any lands that may be 
flowed, or otherwise injured by their said dam, canals or 
races, and shall be unable to obtain the same by voluntary 
purchase, grant, assignment or release, said company shall 
have the right to, and may proceed to appropriate such 
lands to their use, and to condemn the same, and to have 
the damages sustained by such owners by reason of such 
appropriation, assessed under and in pursuance of the pro- 
visions of the general laws of this state, that from time to 
time may be in force, relative to acquiring and condemning 
of rights of way, and upon the tender of the amoimt of 
such appraisal to such owner or owners, and in case the 
same is not accepted, the deposit of the amount thereof 
with the clerk of the circuit court, in the county where such 
lands are situate, said company are hereby authorized to 
enter upon such lands, for the construction of said im- 
provements. 



^6 HTDRATJLIO COMPANIES. 

Improvements. § 14. The improvements mentioned in the preceding 
section shall be deemed, and are hereby declared to be, in- 
ternal public improvements, and this act shall be liberally 
construed for the furtherance of the same, 

ludebtedness. § 15. The Said Company are authorized and empowered 
to borrow, from time to time such sum or sums of money, 
not exceeding the capital stock of the company, as in the 
discretion of the board of directors, may be deemed neces- 
sary, in the construction of their improvements and works, 
and to pay any rate of interest therefor, not exceeding ten 
per cent, per annum, and to pledge and mortgage the said 
improvements and the appendages, or any part thereof, or 
any other property or effects, rights, credits or franchises of 
the said company, as security for any loan of money and 
interest thereon, and to dispose of the bonds issued for such 
loan at such rate or on such terms, as the board of directors 
may determine. 

§ 16. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 
Approved February 16, 1867. 



Company. 



Powers, etc. 



Section 1. Be it enacted hy the Feople of the State of 
Illinois, represented in the General Assembly, That Ivory 
Quimhy, Zebulon Parker, John G. Fonda, George Ed- 
monds, jr., Alexander Syinpson, Francis M. Corby, Mathew 
M. Waldemeyer, William C, Hooker and David Mack, and 
their successors, associates and assigns, be, and they are 
hereby created a body politic and corporate, by the name 

Naina and style ^nd Style of "The DesMoincs Eapids Improvement and Hy- 
draulic Company," and by that name they, their associates, 
successors and assigns shall have perpetual succession, shall 
have power to contract and be contracted with, sue and be 
sued, plead and be impleaded in all courts and places; to 
acquire, hold, use or convey real or ptersonal property, in 
such quantities as they shall deem necessary for the use of 
said corporation, not exceeding five millions of dollars, and 
may acquire the same by purchase, gift, condemnation or 
otherwise, and may use, rent or sell the same or any part 
thereof, as fully as natural persons may do ; may borrow 
money for the use of said company, and secure the same by 

Capital stock, mortgage upon their property, franchises or otherwise. The 
capital stock of said company shall be five millions of dollars, 
to be divided into shares of one hundred dollars each, but said 
company may fully organize and do bueiness whenever one 



HYDRAULIC COMPANIES. * 97 

hundred thousand dollars of such stock shall be subscribed 
and five per cent, thereof paid in. Books shall rciiain 
open for subscription to such stock, until the entire stock 
shall be taken. No stock shall be subscribed after the 
organization of said compii.ny, unless five per ceilt. of the 
amount subscribed shall be paid into the treasury of said 
company at the time of such subscription. 

§ 2. The persons named in the first section of this act commissioners, 
shall be commissioners to take subscriptions to the stock of 
said coiupany, until said company shall be organized. 
Whenever one hundi*ed thousand dollars of said stock shall 
be subscribed, said commissioners shall call a meeting of 
stockholders, and said stockholders shall elect nine directors, officers, 
but no person shall be elected director unless he owns at 
least ten shares of said stock. Said directors shall hold 
their office for one year, and until their successors are elected 
and qualified, and shall elect one of their number president, 
who shall hold his officafor one year, and until his succes- 
sor is elected and qualified. Said directors shall appoint 
a secretary and treasurer, and prescribe their duties, and 
may require bond in such condition and penalty as they 
shall prescribe. Said secretary and treasurer shall hold 
their office during the pleasure of said directors. Said 
directors may appoint such other officers and agents as they 
shall think advisable, and prescribe their powers and duties; 
may fix the compensation of all officers and employees ; 
may make all needful by-laws, not inconsistent with the 
laws of this state ; shall keep an office in Hancock county, 
Illinois. A majority of said commissioners shall meet at 
Carthage, Illinois, and open books for subscription to the 
stock of said company, within thirty days after the passage 
of this act. 

§ 3. Said company are hereby authorized and empow- Authority to 
ered to construct any work in, or near the Mississippi river, ^orL."^ 
on or near the Des Moines rapids, for the improvement of 
the navigation of said river, and for hydraulic purposes, 
which shall be approved by the congress of the United 
States of America, or by the secretary of war under author- 
ity of any law of the congress of the United States, and 
may charge such tolls, for the use of said works, as con- 
gress of the United States or the legislature of Illinois shall 
prescribe. And for the purpose of the erection and com- 
pletion thereof, shall have power to condemn such grounds, 
stone, clay, gravel, earth and other material as shall be 
required for such work, in the same manner as any railroad 
company or other public works ; or the managers or super- 
intendents thereof, may obtain the right of way, or material Right of way. 
for the construction thereof, under any law of this state. 
Either party may appeal from such condemnation as pre- 
scribed for appeals in case of railroads or other public work 
condemnations, but such anpeal shall in nowise prevent the 
Vol.II-7 



U.S. etc. 



98 " INSURANCE COMPANIES. 

progress of the work on the occupation by said company of 
the property condemned, provided the amount originally 

Mills, etc. assessed shall be paid in'to court with costs. Said company 

may construct and operate mills and machinery of any and 
all kinds, or rent or lease the same, or may lease or sell 
the use of water for hydraulic purposes, but shall in no 
case materially interfere with the navigation of said river, 
by the draft of water therefrom, for hydraulic purposes. 

Possession by § 4. Either the state of Illinois or the United States, 
may at any time take possession and control of the works 
hereby contemplated for the improvement of the naviga- 
of said river, upon paying to said company the original 
cost of such work with interest at ten per cent., (deducting, 
tolls received by said company :) Provided^ however^ that 
the hydraulic power created thereby, shall forever be and 
remain the property of said company, their successors and 
assigns, and shall never be interfered with, either by this 
state or the United States, except to make such regulations 
that the water drawn by said company shall not materially 
interfere with the navigation of said river. 

subseripuon to § 5. The subscriptious to the capital stock of said com- 

"""'"' "*""'' pany shall be collectable in the name of said company, the 
same as a note of hand payable to said company ; and the 
directors of said company may make such calls as they 
may deem advisable therefor, giving thirty days' notice of 
such calls, and may recover upon each separate call.the same 
as on a note of hand for such subscription. Said stock shall 
be personal property, and transferable upon the books of 
said company only. Said company may declare any stock 
forfeited to said company for non-payment of any call. 

Time of con- § 6. The compauy hereby created shall commence the 
making of said improvements in good faith, within three 
years after the passage of this act, and complete the same 
within ten years from the same date, and in case of default 
therein, all the rights granted hereby, shall cease and be 
null and void. 

§ T. This act shall be a public act and be in force from 
and after its passage. 

Approved February 21, 1867. 



capital stock. 



struction. 



In force March AN ACT to incorporate the International Life Insurance Company. 
7,1867. 

Section 1. Be it enacted hy the People of the IState of 

Illinois, represented in the General Assembly, That Samuel 

Corporators. j_ Aiithouy, Androw Brown, William Blair, S. C. Griggs, 

Gilbert Hamilton, H. H. Hueted, Yan H. Higgins, Joseph 

Kettlestrings, J. B. Lewis, J. A. McCullough, B. S. Morris, 



INSURANCE COMPANIES. 99 

Robert Meadowcroft, J. H. Kees, George Scoville, R. K. 
Swift, Elisha Wordworth, and all others who may become 
associated with them as subscribers to the stock of the com- 
pany hereby created, their successors and assigns forever, 
be and they hereby are created and made a body politic 
and corporate, by tlie name and style of the "International Name and style 
Life Insurance Company," and by that name shall be and 
hereby are empowered to purchase, have, hold, possess and 
enjoy, by themselves, successors and assigns, forever, lands, corporate pow- 
tenements, hereditaments, goods, chattels, choses in action, «^^ 
and effects of every kind, and the same to grant, sell, 
alien, invest, loan and dispose of; to sue and be sued, 
plead and be impleaded, in all courts of law and equity ; to 
have and use a common seal, and the same to change, alter 
or renew at pleasure. But, nevertheless, said corporation 
shall not be entitled to acquire, hold or possess real estate, 
except such as may be necessary for the purposes of its 
business, unless the same shall be acquired for debts due 
said corparation. And no real estate, except such as may 
be used in the transaction of its business, shall be held by 
said company for more than live years after acquiring the 
same. In case of any loss which the company may sustain 
under any policy issued by it, or other evidence of indebt- 
edness or liability, it shall be lawful for said company to 
draw upon any funds for the payment thereof -which may 
stand to the company's credit, and also to make advances 
upon orders where moneys may be placed to its credit. 

§ 2. The business and affairs of said corporation shall Mana£;ement of 
be managed by a board of not less than three nor more ^^^"' 
than- fifteen directors, and such officers and agents in this 
state and other states and places as they may appoint. The 
first board of directors shall be elected by the corporators 
aforesaid, or such of them as may act, together with such 
other persons as may become associated with them as sub- 
scribers to the stock of said company ; and thereafter the 
said directors shall be elected by ballot, by and from the 
stockholders of said company. They shall hold their ofiice 
for the terra of three years, and until others shall be elected 
or chosen to fill their places. In case of a vacancy by death, 
resignation or otherwise, the remaining directors may till 
such vacancy, by appointment, until the next regular elec- 
tion, A majority of said directors shall always be residents 
of the state of Illinois. The said board of directors shall 
have power to ordain and put in execution such by-laws 
and regulations as they may deem proper for the well order- 
ing and government of said corporation : Provided, they 
be not repugnant to the laws of the United States or of this 
state, or to the provisions of this act of incorporation. They 
shall have power to appoint all such oflBcers and agents as 
they may think desirable, and to fix their salaries, compen- 

They shall require the 



100 INSURANCE COMPANIES. 

officers in charge of the home office of said com pan j to 
make out an annual report of the resources and liabihties, 
receipts and expenses, business and losses of the company 
— to be verified by affidavit — of which report each stock- 
holder and policy holder shall be entitled to a copy, on 
application at the office of the company. The home office 
of said company shall be located in the city of Chicago. 
Insurance policies and other contracts to which said corpo- 
ration may be a party, shall be valid and binding with or 
without the seal of said corporation attached. There shall 
be a meeting of the stockholders at the office of the com- 
pany, in Chicago, on the third Wednesday of May of each 
and every year. Six stockholders, representing, either by 
ownership or proxy, one-half the capital stock of the com- 
pany, shall constitute a quorum fur transacting business. 

Organization. § 3. At any time within two years from and after the 
passage of this act, the said corporators, or such of them as 
may act, shall proceed to organize the company, by the 
election of the first board of directors, and open books for 
subscription for the capital stock of said company; and sub- 
scribers therefor may be required to pay for the stock so 

stock subscrip- Subscribed for by them in installments, as may be ordered 
tion. ^j gj^j^ board of directors; and they may and shall forfeit, 

for the use of the company, all instalhnents and payments 
that rnay have been made by them thereon, upon failure to 
make duo and punctual payment of any installment that 
may be called for or ordered by said directors. 

stockholders' § ^- At all elcctious for directors the stockholders shall 
Tote. ijg entitled to one vote, by themselves or proxy, for each 

share of stock held and owned by them respectively. 

stock shares § 5. Sliarcs ou Said capital stock shall be transferable 
transferable. Q^^\y q,^ Q^g books of Said Corporation, according to the rules 
and regulations of the company. 

Capital stock. § 6. The capital stock of said company shall be one 
hundred thousand dollars, and may be increased to any 
sum not exceeding one-quarter, of a million of dollars. 
Before any life risks shall be taken, or any annuity or en- 
dowment contracts made (except to shareholders), at least 
seventy -five thousand dollars shall be subscribed ; and there 
shall first be paid in, as capital stock, at least fifty thousand 
dollars. 

§ 7. Certificates of shares in the capital stock may be 
issued for such uniform amounts as may be provided for in 
the by-laws; and it shall be lawful for the directors to 
guarantee and pay from the net profits of the company's 
business preferred dividends. 
Net premiums. § 8. A portion of all the net premiums received on life 
risks or for annuity or endowment contracts, sufficient to 
cover the value of all outstanding life policies, annuity and 
endowment contracts, shall be set apart to pay losses and 
liabilities, and shall be called the reserve fund, and the 



INSURANCE COMPANIES. 101 

remainder thereof, after paying Josses and liabilities, shall 
be invested and re-invested for its own account, and the 
remainder and income thereof shall be kept, held and used 
to pay losses by life risks, annuity and endowment contracts 
of this company, so long as any such risks or contracts are 
outstanding. 

§ 9. ^o insurance to exceed ten thousand dollars shall insurance limit 
be taken or granted on any one life. 

§ 10. No loan shall be made to any stockholder, on Loans, 
pledge of his or her shares in the said capital. 

§ 11. The company may also have and exercise all 
other rights and powers incidental, usual and needful, in 
the business of life insurance, or in granting annuity or 
endowment contracts and re-insurance. 

§ 13. The company may receive, execute and fulfill, for Trusts. 
any of its shareholders, any trust or trusts which the board 
of directors may deem proper to accept for them and their 
successors in ofMce. 

§ 11:. l!^o trust or trusts, accepted by the board of direc- Liens, 
tors, as provided for in sections fifteen and sixteen hereof, 
shall in any way be a charge or lien on the said capital or 
the said reserve fund; nor shall any part of said capital or 
reserve fund be used or appropriated for any such trust or 
trusts. 

§ 15. The business, affairs, funds and values of each and Trusts separate, 
every trust accepted for the company by the board of direc- 
tors, shall be kept separate, each for its own account, and 
each of such trusts at its own risk. 

§ 16. l^othing in this act shall be construed to author- Banking forbid. 
ize the business of banking. 

§ 17. Unless the said company shall be organized within when to organ- 
two years after the passage of this act, then this act shall "'®' 
be null and void ; and nothing in this act shall be construed 
so as to exempt said company from the operation of such 
general laws as may hereafter be passed upon the subject of 
insurance companies. 

§ 18. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Appruved March 7, 1867. 



AN ACT to incorporate the Home Fire and Marine Insurance Company, of In force March 
Paris, Illinois. " 6,1&67. 

Section 1. £e it enacted hy the Peojple of the State of 
Illinois, represented in the General Assembly, That Cal- 
vin W. Levings, Daniel Gr. Burr, Andrew J. Hunter, James 
A. Eads, of Paris, Illinois, and their associates, successors 



102 



INSTIEANOE COMPANIES. 



Capital stock. 



Subscription. 



and assigns, be and they are hereby incorporated into a 
Name and style body corporate and politic, by the name and style of ''The 
Home Insurance Company, at Paris, Edgar county, Illi- 
nois," to have continuance and succession, for the term of 
Term. fifty ycars, from and after the passage of this act ; and, by 

said corporate name and style, shall be, for the term afore- 
Powers. said. Capable in law and equity to sue and be sued, to plead 

and be impleaded, and to do all other matters and things 
necessary in law to protect and defend their corporate 
rights : and. may have a common seal, which they may 
change at pleasure. 

§ 2. The capital stock of said company shall not be less 
then one hundred thousand dollars ; which may be in- 
creased to three hundred thousand dollars, but no more, 
divided into shares of one hundred dollars each. The 
stock shall be deemed personal property, and transferable 
on the books of the company; but no stockholder shall be 
permitted to transfer his stock while he is indebted to the 
corporation. 

§ 3. The persons named in the first section of this act 
are appointed commissioners for procuring said capital stock 
of one hundred thousand dollars ; and said commissioners, 
or any three of them, shall open subscription books for such 
stock on such days and at such times and places as they 
may deem expedient, and shall give at least three weeks' 
notice of the name in one or more newspapers printed in 
the town of Paris, or elsewhere; and said books shall be 
kept open from time to time until the sum of one hundred 
thousand dollars be subscribed. 

§ 4. . When the full amount of one hundred thousand 
dollars shall have been subscribed, and one dollar on each 
share of stock paid on subscription to said commissioners, 
they shall then notify the stockholders of the same, and ap- 
point a time and place at which they shall meet, giving five 
da^^s' notice of said meeting in one or more of tlie weekly 
newspapers published in the town of Paris, and receive 
their votes for the election of not less than five nor more 
than thirteen 'directors, who shall manage the business of 
the company, and shall hold their office for one year and 
until others are elected in their places, and who shall at 
the time of their election, be citizens of the United States 
and holders, respectively, of not less than ten shares of 
stock. The voting at all elections shall be by ballot ; but 
absent stockholders may vote by proxy, in writing. 

§ 5. When the stockholders shall have elected the board 
of directors, the commissioners shall deliver to said direc- 
tors the subscription books, moneys collected on account of 
the same, and all other papers and things in their hands ne- 
cessary to a full organization of said company ; and the 
said directors shall proceed to organize, by the election of. 
a president from among their number, a secretary, and any 



Stockholde 
meeting. 



Election of 
directors. 



Delivery of 
books, etc. 



INSURANCE COMPANIES. 103 

Other officers or agents they may deem necessary for the 

successful working of said ccnupany, who shall hold tlieir 

offices during one year. The board shall adopt such by-laws 

for the general conduct of the business of (said] company as 

they may from time to time deem advisable ; they shall also 

fix the salaries and define tlie duties of all employees of \ 

the company. 

§ 6, When the board of directors shall be organized, as Caiis for stock, 
provided in section five, they shall call in, by personal or 
public notice of at least ten days, such an amount of the 
capital stock as they may deem expedient, but not less than 
nine dollars on each share ; which, together with the 
amount paid to the commissioners, shall constitute the first 
installment on the capital stock and shall require the residue 
of the said stock to be secured by United States bonds, 
state bonds at their par value, or first mortgages on real es- 
stateof double the value on the amount secured, and shall 
issue therefor certificates of stock, setting forth the amount 
paid in cash, and the amount and condition of the stock 
notes for the residue ; and that the stock books of said com- 
pany, after the organization of said board shall continue 
open at the office of said company for subscription, until 
the full one hundred thousand dollars shall have been 
subscribed ; and upon the subscription of any stock, af- 
ter the organization of said board, the sum of ten per 
cent, shall be paid into the board by the person subscribing Payment, 
such stock, which shall constitute the first installment on 
the stock so subscribed ; and the board of directors shall re- 
quire the residue of the stock so subscribed to be secured 
by good and legal stock notes, and issue certificates for such 
stock, in the same manner as is provided for the execution 
of stock notes and granting certificates lor the stock sub- certificates, 
scribed before the organization of said board : Provided^ Proyiso. 
that if at any time the directors shall consider any of the 
stock notes insecure they shall have power to require addi- 
tional security on the same, after due notice, under such pen- 
alties and forfeitures as they may provide in their by-laws. 

§ T. This corporation shall have power to issue policies ^J^Jf>^/ ^'f^^ 
of insurance against loss or damage by fire on houses, stores operations. 
and all other buildings and structures, on personal property 
of all descriptions, and to make marine insurance upon 
steamboats and all other vessels and water crafts, on their 
tackle, freight, cargoes and all kinds of personal property 
in course of transportation ; and to do and perform all ne- 
cessary acts and things connected with these objects or any 
of them. All policies of insurance shall be subscribed by 
the president or vice paesident and countersigned by the 
secretary, 

§ 8. The board of directors shall make such dividends, Dividends. 
annually or semi-annually, as in their judgment the aftairs 



104 INSURANCE COMPANIES, 

of the company will permit. All such dividends shall be 
indorsed upon the unpaid stock notes until they are paid 
in full. 

Invest funds, § ^^- I^ sliall lawful for the said corporation to invest its 
funds in United States stocks, stocks of this state, mort-" 
f gages on inun cumbered real estate, in Edgar county, or 

elsewhere, with fifty per cent, more than the amount loaned 
thereon, and on such other safe securities as the board of 
directors may determine. 

Fiscal year. § 10. The tlscal year of the compauy shall commence 

on the lirst day of January, and terminate on the thirt}'- 

statements. Ijrst day of December, The oliicers of the said company 
shall during the month of January, in each year, cause a 
full and accurate statement of the affairs of said company 
to be made in some one of the weekly newspapers published 
in the town of Paris, 

Principal office. § -l- The principal office of said company shall be lo- 
cated in the town ot Paris, Edgar county, Illinois, but it 
may have agents and transact business within and out of 
the state. 

Possession of § 12, It shall bc lawtul for said company to purchase 
real estate, etc, ^^^ \\o\^ guch real estate as may be convenient for the tran- 
saction of its business, and, also, to have and hold any real 
estate as security, by mortgage or otherwise, to secure the 
the payment of debts due in good faith to said company, 
either for shares of capital stock or otherwise; also, to pur- 
chase real estate at any sale in virtue of any judgment at 
law, decree in 'equity, or deeds of trust, in favor of &aid 
comjjany. 

Election for § 13, The Stockholders of said company shall meet, 

directors. annually, on the second Monday of January, in each year, 
and elect directors for the then curren.tyear, at the office of 
the said company, in the town of Paris. 

confeiTPfi fran- ^ 14. That all the franchises and powers conferred bv 

chises. etc. - ,. . . ^i .lo t r^ " 

act of incorporation upon tlie "bangamon Insurance (Jom- 
pan}'," approved February If!, 1857, be and the same are 
liereby conferred upon the ''Home Fire and Marine Insur- 
ance company," at Paris, Edgar county, Illinios. 
Time for organi- § 15. Unlcss the Said Company shall be Organized withiu 
zution limited, j.^^,^ ycars after the passage of this act, then this act shall 
be void, and nothing in this act shall be construed so as to 
premit said company to [do] banking business or e.xempt 
said company from the operation of such general laws as 
may hereafter be passed upon the sulject of insurance 
companies, 

§ 10. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 
Approved March 6, 1867. 



INSURANCE COMPANIES. 105 



AN ACT to incorporate the Western World Insurance Corapanr. in force Mareh 

7, 1867. 

Section 1. Be it enacted hy the People oj- the State of 
lUinots, represented in the General Assembly^ That Lorenzo 
Leland, Kichard Thorne, John Y. A. Hoes, Hugh Hamil- 
ton and AVilliam M. True, their associates and successors, 
and all such persons as shall become stockholders, be and 
the}' are lierebj created a body corporate and politic, by the 
name and style of "The Western World Insurance Com- Name and strie 
pany." The corporation may have a common seal, and 
power to appoint all such servants and agents as it may 
deem necessary ; and ma,y make and establish such by-laws. Powers, etc. 
rules and regulations for the management of its affairs sis 
it may think proper, not inconsistent with the constitution 
and laws of the United States and the state of Illinois, and 
at its pleasure to amend, alter and repeal the same, and to 
have process and enjoy all those rights, privileges and im- 
munities of an}' and all other like corporations, and to be 
recognized in all its rights and powers, without pleading 
the same, in all courts of the state of Illinois. 

§ 2. The capital stock of this company shall be live bun- capit.^i stock, 
dred thousand dollars, with power to increase the same, by 
a vote of a majority in interest of the paid stock at the date 
of such votes; said stock shall be divided into shares of one 
hundred dollars each, which shall be deemed personal pro- 
perty, and transferable on the books of the company onl\, 
under such regulations as may be adopted by the company. 

§ 3. When a subscription to the capital stock of not less subscription, 
than one hundred thousand dollars shall have been niade, 
and ten per cent, thereof paid, and the balance secured by 
mortgage upon unincumbered real estate, worth double the 
amount secured, or by United States bunds or by Illinois 
state bonds, the subscribing shareholders may meet and 
choose a board of live or more directors, in whom all the officers anddi- 
powers of the corporation not otherwise herein specially ''''="*"• 
limited and provided, shall be vested. The board of direc- 
tors may choose one of their number as president, and one 
vice president, and also a secretary and a treasurer, and 
such other officers and agents as they m.ay deem necessary, 
whose qualifications, duties, compensation and te)'m of 
office may be lixed and prescribed in the by-laws, regu- 
lations and resolutions of said board from time to time. 
The board of directors shall hold their offices for one year, 
and until their successors are elected and qualitied. 

§ -l. The said company shall have power to make insu- Business and 
ranee against loss or damage by fire, lightning, wind, ''**^''"'^- 
storms and tornadoes, on any and all kinds of property, 
buildings and fixtures, or any interest therein ; they may 
make any and all kinds of marine and inland insurances, 
and insurances of all kinds on horses, cattle and other stock 



106 INSURANCE COMPANIES. 

and property, and may fix, charge and receive therefor snch 
rates of premium as may be agreed upon between tlie par- 
ties, and may fix and determine sucli conditions and regu- 
lation thereto as they may deem proper, and any or either 
of such insurances may be done upon the mutual or stock 
principle, or upon both together. They may also cause 
themselves to be re-insured upon any or all risks or por- 
tions thereof that they may have made insurance upon. 

Dividends. g 5. The board of directors may, from time to time, in 

their discretion, estimate the net earned profits that have 
accrued on the business of tiio company, and declare such 
dividend thereof to the stockholders as they may deem ad- 
visable. They may, also, after having obtained the consent 
in writing of three-fourths of the stockholders, allow the 
insured to participate in the net profits of the company to 
such an extent and upon such terms and conditions as they 
may deem expedient. 

lavesimeni of | 6. The Company may invest any surplus capital, 



surplus fuads, 



or 



other money on hand, in any kind of stock or other securi- 
ties, or in real estate, bonds or mortgages, or may loan the 
same at any rate of interest agreed upon, and may discount 
the interest reserved out of such loan. They may own 

Possession of such real estate as may be needful for the transaction of 
real estate, ^heir business, and may take, hold, sell and convey such 
other real estate as it may be necessary to secure any loan 
or debt due to the company. 

Agencies. § 7. The directors may establish agencies, and do all 

such acts by and through them, according to the powers 
herein granted as raay.be authorized by the by-laws and 
regulations; they may fix, determine and prescribe the 
manner of making applications and the terms and condi- 

Losses. tions of the policy, and the manner of adjusting losses ; they 

may also prescribe the manner in which the unpaid stock* 
shall be secured, and fix the time or times for the payment 
of the same, with full power and authority to enforce such 
payment under such penalties as they may deem proper. 

construetion of § 8. This act shall be deemed a public act, and shall be 
*""■• liberally construed for the purposes therein contained, and 

shall take efiect from and after its passage. 

Timeofergani- This act Shall be void unless said company shall organize 

zation limited, ^ud procccd to busiucss withiu two years after the passage 

Subject to Qf \]j[q act. The said company shall be subiect to any 

general laws. , , . 1 ' 1 ,. , -, '^ 

general laws ot this state that may herealter be passed on 
the subject of insurance or insurance companies. 
Appeoved March T, 1867. 



INSURANCE COMPANIES. 



107 



A\ ACT to amend an act to incorporate the Germania Fire, Marine and ^ ^^^^-ce^March 
Life Insurance Company, of Chicago, approved February 16th, 1865. 

Section 1. Be it enacted ly the People of the State of 
Jllinois, represented in the General Assembly, That the 
Germania Fire, Marine and Life Insurance Company, of 
Chicao;o shall hereafter be known as the Germania Insu- Name changed, 
ranee Company, of Chicago: Provided, that said company proviso. 
jin adopting this change of name shall continue to be re- 
! sponsible for all and singular the liabilities contracted by 
the Germania Fire, Marine and Life Insurance Company, 
f of ChicaofO. 

§ 2. The number of directors of said insurance com- ^;'-,^,'','°3^|7f. 
pauy may be increased to thirteen. 

§ 3. The company may increase the capital to live hun- tncrea.se of 
dred thousand dollars. 

§ 4. ISothing in this act or in the act of which this is an ^^f^^^^^^^^ 
amendment shall be construed so as to permit said company 
to do a banking business, or exempt said company from 
the operation of such general laws as may hereafter be 
passed upon the subject of insurance companies. 

§ 5. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Appeoved March 7, 1867. 



AN ACT to incorporate the Mutual Life Insurance Company of the State Id force March 
of Illinois. ' 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in [the'] General AssemUy, That M. G. corporators. 
Atwood, Lewis Kellenberger, John Atwood, H. C. Moore, 

F. M. Hawes, Wm. G.Kase, P. H. Pope, Lewis Houck and 

G. F. Kimball, their associates and successors, in the corpo- 
ration hereby created, shall be a body politic and corporate 

by the name of ''The Mutual life Insurance Company of Name, 
the State of Illinois," and by that name shall have perpet- 
ual succession, may sue and be sued, and shall have and en- 
joy all the rights, privileges and immunities that other like Powers in law. 
corporations have, and be recognized by the courts of this 
state, and shall have power to make and execute all such 
by-laws, rules and regulations, as the board of directors may 
deem proper and necessary to the good management of its 
affairs : Provided, they be" not repugnant to the constitu- 
tion and laws of the United States or of this state. 

§ 2. The persons above named shall constitute the first ^i^^^gt^J^/^'d of 
board of directors, and shall hold office until the first Mon- 
day in May 1867, and until their successors shall have been 



108 



Eleetion of 
directors. 



Capital stock, 



Organization. 



Business and 
operations. 



Management. 



INSURANCE COMPANIES. 

elected as hereinafter provided. On the first Monday in 
May 1S67, there shall be an election of three direcror^, and 
annually thereafter in the same order, and at such elections 
every person shall be entitled to one vote, either personally 
or by proxy, for every share of stock held by him, and the 
said three persons who shall receive the highest iiumber of 
votes, shall be declared elected and shall hold office for the 
period of three years, and until their successors are elected. 
The board of directors shall have power to increase their 
number, at any time in their discretion, to any number 
not exceeding thirty-three, and in such case shall so arrange 
the manner of election, that one-third of the whole num- 
ber shall retire, and their successors be elected annually. 

§ 3. . The capital stock of this company, shall be one 
hundred thousand dollars, and may be increased in the dis- 
cretion of the directors, to two hundred thousand dollars. 
The same shall be divided into shares of one hundred dol- 
lars each; transferable only on the books of the company, 
under such rales as the board of directors may establish. 

§ 4. Whenever the above named corporators and their 
associates shall have subscribed one hundred thousand dol- 
lars, and paid into the treasurer of said company not less 
thaii ten dollars on each and every shaie. [and] shall have se- 
cured the remaining ninety dollars on every share, by 
mortgages upon unincumbered real estate, worth double 
theamount secured, or by United States bonds, orlllinos state 
bonds, and the said board shall have duly organized them- 
selves, by the election of a president, vice president, secretary 
and treasurer, with such other officers as they may choose, and 
shall have tiled a certificate of the same, signed by their presi- 
dent, and attested by their secretary, in the office of the 
auditor of public accounts, of the state of Illinois, then the 
said company shall be deemed fully organized, and may 
enter upon and enjoy all the powers herein conferred. 

§ 5. The said company hereby created, shall have au- 
thority to make insurances upon the lives of individuals, 
and every insurance thereunto appertaining, to receive 
trusts, grant annuities and endowments, and purchase the 
same in such form and manner, and for such premiums and 
considerations as they shall direct : Provided^ that no policy 
shall be issued by said company until application shall have 
been made for insurance to the amount of one hundred 
thousand dollars. The applicants to be not less in number, 
than twenty ; and that in no case shall a policy be issued 
exceeding ten thousand dollars on a single life. 

§ 6. The stock, property, business and interests of this 
company shall be conducted by the president, vice president, 
secretary, treasurer and board of directors, who may invest 
their capital and accumulations, in bonds and mortgages, 
on unincumbered real estate, within the state of Illinois, 
worth at least double the amount loaned thereon, or in 



INSURANCE COMPANIES. 



109 



ocks of the United States, the state of Illinois, or m any 
terest payini? stocks of any incorporated cities, ot this 
ate, and uiay collect, sell and transfer, such stocks and se- 
irities, and re-invest the proceeds thereot at their discretion. 
S T ■ The real estate which it shall be lawliil tor the com- Real estate. 
any to purchase, hold or convey, shall be such as may be 
eeined requisite for the transaction of its business, or such 
3 shall have been mortgaged to it in good laith, by way ot 
Bcuritv for bans previously contracted, or for moneys due 
in such as shall have been purchased at sales upon judg- 
Lnts, decrees or mortgages, odtained or made tor such 

'^S 8 The persons named in the first section of this act conferred^fran- 

'nd their associates and successors, are hereby invested 

fvith al! the powers and privileges, granted to _ ihe Oiii- 

I'ao-o Mutual Life Insurance Company," established by an 

!ict approved February 21, 1861, and may adopt andcarry 

into elfect, either or all of the several provisions ot said act, 

^t their discretion. ^ •,. ^ 

§ 9 If it shall so happen, that the election ot directors Elections- _ 
3l\his company, shall not be held on the day named in the 



:»econd section of this act, the company, for that cause slia! 
not be deemed dissolved, but it shall be lawful, to make and 
hold such election, on any other day, within one year trom 
the date of the passage of this act, after giving due notice, 
in such manner as may be prescribed by the by-laws, ot this 

.'company. , , t . . • 

§ 10. This act shall be void, unless the directors organ- T.mj> of^m. 
ize the company at the city of Alton, in Madieon county. 

Ion or before the first Monday in May, 1868, but the direc- 
tors are authorized to establish and conduct the business ot 

I the company, at any place in this state. -, , n 

I § 11. This act shall be deeemed a public act, and shall construction of 

ibe'liberallv construed, for the purposes herein mentioned, 
and be in force from and after its passage, and shall be sub- subject^^ to^^ 

1 ject to anv general law that may hereafter be passed on the ° 
subject ot" insurance, or insurance companies. And nothing 

; in this act shall authorize this company to do a banking 
business. 

Approved March T, 1867. 



AN ACT to amend an act entitled " An act to incorporate the Southern In 'orc^gMarch 
Illinois Mutual Insurance Company," approved Feb. 13, 186d. 

Be it enacted hy the People of the State oj Illinois, rep- 
resentedin the General Assembly: 

Section 1. That the corporation created by the act to 
which this an amendment, shall hereafter be known and 



110 INSURANCE COMPAKIES. 

Name and style called bj the name and style of "The Southwestern Insu- 

Powers, etc. rance Compau}^," and all the powers, rights, franchises, 
property and privileges, granted by the act to which this 
is an amendment, or which may have been acquired by 
the said " The Southern Illinois Mutual Insurance Com- 
pany," are hereby declared to be vested in the persons who 
were shareholders in said " The Southern Illinois Mutual 
Insurance Company," on the hrst day of January, 1867, 
and their successors and assigns and associates ; and all the 
powers, rights and privileges granted by section 13 of 
the act to which this is an amendment are hereby expressly 
declared to be vested in " The Southwestern Insurance 
Company," and wherever the word "mutual"' occurs in the 
act to which this is an amendment the same is hereby 
stricken out. 

Sec. 2 repealed. § 2. That scction two of the act to which this is an 
amendment be and the same is hereby repealed, and in 
lieu thereof the following shall be the second section of said 
act, to-wit : All persons owning shares in the capital stock 
of said corporation shall be members thereof and shall be 
entitled to one vote for each share so owned. 

Sec. srepeaiei. § 3. That scction si^ of the act to which this is an 
amendment be and the same is hereby repealed, and in 
lieu thereof the following shall be the sixtli section of said act, 
to-wit : The rates of insurance shall be fixed by the board 
of directors or executive committee of said company. The 
capital stock of said company shall be two hundred thou- 
sand dollars, and shall consist of stock notes and cash as- 
sessments ; but the said company may at any time increase 
its capital stock to any amount not exceeding three mil- 
lion dollars, and may declare the cash premiums, or any 
portion thereof, to be part of the capital stock. 

sec.7 amended. §4. That section sevcn of the act to which this is an 
amendment shall be and is hereby amended by striking 
out of said section the word "j)remium " and inserting in 
lieu thereof the word " stock." 

Sec. 8 amended. § 5. That scction- eight of the act to which this is an 
amendment shall be and the same is hereby amended by 
striking out of said section the following words, to-wit: 
"during the time for which their policies were issued to 
the amount of their premium notes and cash premium," 
and inserting in lieu thereof the following words, to-wit: 
" to the amount of their subscribed stock." 

Sec. 9 repealed. § 6. That sectiou nine of the act to which this is an 
amendment be and is hereby repealed, and in lieu there- 
of the following shall be the ninth section of said act, to- 
wit : " Whenever an assessment is made upon any stock 
notes given to said company, such assessment shall be due 
in thirty days thereafter, and if the stockholders executing 
the same shall fail to pay such assessment for sixty days 
after notice thereof (which notice shall be given in the 



INSURANCE COMPANIES. Ill 

mau'ner provided by by-law), tlie stock of such stockholder 
may be forfeited to the company by resolution of the board 
of directors ; and in case of failure to pay such assessment, 
an action of debt may be maintained against said stock- 
holder in the circuit court of the county where he may re- 
side for the amount of such assessment, and the certificate 
of the secretary of said company that such assessment was 
made, the date' the same was made, and the fact that thirty 
days' notice thereof had been given to such stockholder 
before the commencement of such action, together with the 
amount of such assessment, shall be jyrirn. i facie evidence 
of the facts therein stated. But upon failure to pay such 
assessment for thirty days after notice thereof, the said 
company may at its option bring suit upon the stock note 
of such defaulting stockholder, against both principal and 
sureties thereon, and in such suit the certificate of the. sec- 
retary of said company shall be prima facie evidence as 
aforesaid." 

S 7. That the eleventh section, to which this is an s«ction ii 
amendment, ot said act, is hereby amended by striking out 
of said section the word "policy" and inserting therein the 
word "share." 

§ 8. The said " The Southwestern Insurance Company " Authority and 
shall have full power and authority to take risks and make p'^^^''*- 
insurance upon the life of any person for the benetit of 
such person, or for the benefit of any other person, and 
whenever they deem it advisable to do so, may establish a 
life insurance department of said company, to be regulated 
by by-laws made by said company for that purpose. 

§ 9. The said company, in addition to the powers al- Marine risk. 
ready prescribed, may take risks upon ocean, gulf and lake 
navigation. 

§ 10. It shall not be obligatory upon said company to ^^^^^^^^ 
appoint an executive company. 

§ 11. Hereafter the regular election of directors for said Election of 
company shall be held on the first Monday in the month of ^"■^°*°^'°- 
January, annually, and the board of directors last elected 
for " The Southern Illinois Mutual Insurance Company " 
shall hold and continue in ofiice as directors of the com- 
pany until the first Monday of January, 1868 ; but a difier- 
ent day for the election of directors may be fixed by by-law. 

§ 12. The president and secretary of said company shall ^^^''^^^'^gt*^' 
issue stock certificates in the name of '-The Southwestern 
Insurance Company " in lieu of the stock certificates now 
outstanding, and the stockholders are required to execute 
stock notes in and of the same amount to and in lieu of the 
notes executed to the Southern Illinois Mutual Insurance 
Company, and on a failure to do so, their stock may be for- 
feited after lorty days' notice of the intention of the direc- 
tors BO to do shall have been given. 



112 



Risbtgofaetion. 



Banking 
prohibited. 



INSURANCE COMPANIES. / 

* 

§ 13. That any and all mistakes, errors or omissions in 
the organization of "The Southern Illinois Mutual Insu- 
rance Company " are hereby declared to be cured, and all 
the powers granted by the act to which this is an mnend- 
ment, and by this ac: are declared to be vested in this 
company. 

§ 14. All rights of action which have accrued to "The 
South Illinois Mutual Insurance Company" may be prose- 
cuted by " The Southwestern Insurance Company," and 
suits may be brought and prosecuted to final judgment in 
the name of "The Southwestern Insurance d-mpany" 
upon all notes payable to " The Southern Illinois Mutual 
Insurance Company." 

§ 15. This act shall be a public act, and be in force from 
and after its passage. 

§ 16, Nothing in this act, or in the act to which this is 
an amendment, shall be construed so as to permit said 
company to do banking business or exempt said company 
from tlxe operation of such general laws as may hereafter 
be passed upon the subject of insurance companies; and 
one hundred thousand dollars of the capital stock of said 
company shall be secured by mortgages upon unincumbered 
real estate worth double the amount secured, or by United 
States bonds, or Illinois state bonds. 

AppKOVEoMarch 7, 1867. 



Corporators. 



Name and style. 



In force Mareh AN ACT to incorporate the Bureau County Fire Insurance Company. 
7, 1867. 

Section 1. i>e it enacted by the People of the State of 
Illinois^ represented in the General AssemUy, That John 
H. Bryant, John Wariield, Koderick B. Frary, Freem?u 
C. Keed, Stephen G. Paddock Kobert Hunter, Milo Ken- 
dall, WiUiam M. Shields and Benjamin S. Ferris, and their 
associates, successors and assigns, be and they are hereby 
created a body politic and corporate, under the name and 
style of the "Bureau county Fire Insurance Company," and 
by such name may have perpetual succession ; may sue and 
be sued, implead and impleaded ; answer and be answered 
unto in all courts and places whatsoever, and to have and 
use a common seal, and to renew and alter the same at 
pleasure. Said company shall have power to purchase, 
hold, enjoy and convey all such real or personal property, 
as shalTbe necessary for the convenient transaction of the 
business and affairs of said company, and for the preserva- 
tion and safe keeping of the books, papers and records of 
said company ; and also to make all such by-laws, rules and 
reo-ulations, not inconsistent with the constitution and laws 



Corporate 
powers. 



INSUEANCE COMPAliflES. HI 

ent with the constitution and laws of the United States, or 
of this state, as shall be necessary for the proper manage- 
ment, regultitiou or control of the business or affairs of said 
company, and to amend or repeal the same. 

§ 2. Said company shall have power to insure any and Business and 
all persons, companies and corporations against loss or dam- op^ratious. 
age by lire, lightning or wind, to any dwelling house, 
srore, shop or other buildings, household furniture, mer- 
chandise, or other propert}-, whether personal or real, and 
against accidents of every description, both to persons or 
property, and against all risks by inland navigation and 
transportation of persons or property, including navigation 
or transportation upon any and all the rivers, canals and 
lakes within the United States of America, and the several 
provinces in north America belonging to the government 
of Great Britain, and also including transportation upon all 
railroads within the United States and said British Prov- 
vinees, and to do all such acts and things appertaining to 
such business of insurance, as may be necessary for the 
proper transaction of the same. 

§ 3. The capital stock of said company shall not be less capital atock. 
than one hundred thousand dollars, to be divided into shares 
of one hundred dollars each, to be paid in such installments 
as the directors, chosen under this act, may from time to 
time direct, and under such penalties as they in their dis- 
cretion appoint and order. Said capital stock may be 
increased to any sum not exceeding live hundred thousand 
dollars, in the discretion of a majority of said directors, and 
said stock shall be personal pr()perty and be assignable and 
transferable only on the books of said company, and under 
such regulations as the directors may establish. 

§ 4. The persons above named are hereby appointed subscription, 
commissioners to receive subscription to the capital stock 
of said company, and shall as soon after the passage of this 
act as they or a majority of them shall deem advisable, open 
books to receive subscription to said capital stock, and when- 
ever not less than one hundred thousand dollars of said organization, 
stock shall have been subscribed, and not less than ten per 
cent, thereof actually paid in, and the balance secured by 
mortgages upon unincumbered real estate, worth double the 
amount secured, or by the United States bonds, or Illinois 
state bonds, to said commissioners, in good faith, in cash, 
said company shall be authorized to become organized under 
this act, and to elect a board of directors and to enter upon 
the transaction of said insurance business, 

§ 5. The board of directors shall be authorized to elect Election of 
a president, vice-president, secretary, treasurer and general officer* 
agent for said company, and such other officers as they may 
deem proper, and determine the term of office and mode of 
election of the same; to enact all by-laws, rules and regu- 
lations of said company, and to provide for the appointment 
Yol. 11—8 



114: INSURANCE COMPANIES. 

of all such committees, attorneys, agents and servants as 
to said board of directors shall seem proper. The first 
Directors. board of directors shall consist of nine members, all of wliohi 
shall be stockholders of said company, and the number of 
directors may thereafter be increased or diminished by said 
company, not however to be less than five, nor more than 
thirty-one, and no person shall be eligible to the office of 
director, who shall not at the time of his election, be the 
owner in good faith, in his own right of at least five shares 
of the capital stock of the company, and in all elections 
each share of said capital stock of said company shall be 
entitled to one vote. 
Certificates of § 6. Said Company on becoming organized, and before 
organization, transacting any insurance business under such organization, 
shall file a certificate of such organization, specifying the 
amount of capital stock subscribed, and the amount actually 
paid in, in cash, and the names of the first board of directors, 
and the term of oflice for which they were elected, which certi- 
ficate shall be executed under the hands and seals of said 
directors, and acknowledged by them before some officer 
authorized to take the acknowledgment of deeds; and re- 
corded in the office of the recorder, of the county of Bureau, 
and on recording said certificate, said company shall be 
deemed fully organized, and entitled to enter upon, and ex- 
ercise and enjoy ail the rights and franchises conferred by 
this act; and said company shall have power to charge and 
receive for insurance as provided in this act such premium 
or premiums, as shall be agreed upon, between the parties, 
either upon the stock or mutual plan, or both. 
Additional in- § 7. The board of directors shall have power from time 
abUiUeT o7 to time, to require the payment of additional installments, 
fnTe^tmltt'^^ o^" ^aid capital'stock, until the whole of said capital stock 
capital stock, g^all be paid in, and each stockholder shall be held liable 
for the debts of said company, for any and all losses and li- 
abilities, to the amount of stock subscribed by him and no 
more ; and the said directors may cause said capital stock 
. to be invested in the bonds of the United States, or this 
state, or in the stocks of any national bank, organized un- 
der any law of congress, or in mortgages upon real estate ; 
said land to be in all cases unincumbered, and w^orth at least 
fifty per cent, more than the amount secured thereon; and 
•said company may under such rules as said directors may 
prescribe, make dividends to said stockholders, out of the 
net profits of the business of said company. 
Principal office. § 8. The principal office of said company shall be loca- 
ted in the town of Princeton, in said county of Bureau, in 
this state, but the officers of said company may appoint 
such agents in other places as they may deem necessary. 
Property, etc, § 9. Said Company shall have power to receive, hold, 
sell and convey, all such prop2rty, personal or real, as shall 
be mortgaged, pledged, sold or conveyed to them, in secu- 
rity or payment of any indebtedness due la good faith to 



mSTJKAJSrCE COMPANIES. 115 

said company, or in any manner in good faitli owing to 
them, or conveyed to them under any sale, by virtue of 
any legal process, decree or order of any court, made for 
and upon such indebtedness. 

§ 10. All policies of insurance issued by said company Policies signed 
shall be signed by the president or vice president and sec- ^^ prssident. 
retary, and all such policies shall be valid and binding on 
said company. 

§ 11. A statement of the true condition of the compa- statements. 
ny, shall be made to the stockholders each year, under oath, 
by the officers thereof, at the time of the annual election of 
directors. 

§ 12. Unlass the said company shall be organized with- Time of m-pani- 
in twelve months after the passage of this act, then this act 
shall be null and void, and nothing herein contained shall 
be construed so as to permit said company to do banking Banking busi- 
business, or exempt said board from the operation of such ^less prohibited 
general laws, as may be hereafter passed upon the subject of 
insurance companies. 

§ 13. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Appkoved March 7, 1867. 



AN ACT to incorporate the iEtna Insurance Company of Chicago. In force March 

T, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Hugh corporatoi-s. 
Maher, Charles Charleston, I. E. Wilson, O. L. Gerber, 
W. Moore, F. Lynch, W. II. Eddy, Paniel O'Hara, P. I. 
Nugent, and such other persons as may become stock- 
holders in the corporation, hereby created, their successors 
and assigns, be and they are hereby created a body corpo- 
rate and politic, under the name and style of the "^tna Name and style 
Insurance Company of Chicago," and by that name and 
style, shall have perpetual succession and may sue and <^°Jp°'^^'® 
be sued, plead and implead, answer and be answered p""^®"' 
unto, in all places, and be recognized in all courts of law 
and equity, or where judicial proceedings are had ; may 
have and use a common seal, which they may alter at pleas- 
ure ; and may purchase, hold and convey real estate and 
personal property, for the use of said corporation ; and may 
make by-laws for the government of its afi"airs : Provided^ Proviso, 
that if the corporation created by this act shall not organ- 
ize within one year after the passage thereof, then this act 
shall be null and void. 

§ 2, That capital stock of said corporation, shall be two capital stock. 
hundred thousand dollars, to be divided into shares of one 



116 



stock 
subscription. 



Calls for 
subscriptions. 



Business 
powers- 



Elections- 
directors, 



Vote of 
stockholders. 



INSURANCE COMPANIES. 

hundred each, and paid in such instalJments as the board 
of directors shall from time to time direct, except as here- 
inafter provided. The capital stock may be increased not 
to exceed six hundred thousand dollars, in the discretion of 
the board of directors. The stock shall be necessary on 
the books of said corporation. 

§ 3. Books of subscription may be open at the discre- 
tion ot a majority of the persons named in the first sec- 
tion hereof, and when the amount cf capital stock as pro- 
vided in the preceding section, shall have been subscribed 
the stockholders may proceed and elect directors, to com- 
prise a board of directors, by whom the affairs of the cor- 
poration shall be managed; and when said directors shall 
have chosen out of their number a president and vice pre- 
sident, and shall have appointed a secretary, said board 
of directors may declare the company fully organized, and 
proceed to call on such an installment on the stock sub- 
scribed as they may deem necessary (not less then ten per 
cent, in cash) and for the balance of such subscription shall 
take bonds secured by mortgage on unincumbered real 
estate in the state of Illinois, worth double the amount se- 
cured, or by United States bonds or Illinois state bonds. 

§ 4. That said corporation shall have power by instru- 
ment under seal or otherwise, 

First^ To make insurance or take risks, on all descrip- 
tion of buildings and property against toss or damage 
by fire. 

Secondly^ To make insurance or take risk upon all descrip- 
tions of boats and vessels, the cargoes and freights thereof^ 
and bottomry and respondentia interest against the perils of 
marine and inland navigation, thereby to cause themselves 
to be re-insured against any risk upon which they may have 
insurance, and to take such other risks or hazard as the 
corporation may from time to time determine. 

§ 5. The first board of directors shall hold their office 
until the second Monday in January next succeeding the 
organization of the company, and until their successors are 
elected. On the second Monday of January, in each year 
thereafter, or at such time as the by-laws may prescribe, an 
election of directors of said corporation, shall be held in 
the city of Chicago at such time and place as the existing 
board of directors may prescribe. The stockholders in said 
corporation, in person or by proxy, in writing, shall be en- 
titled to one vote for each share of stock held by them, re- 
spectively, at the time of election, and the persons to 
the number of nine, being stockholders, receiving the 
highest n^mber of votes at such election, shall be declared 
elected directors of said corporation for one year, and shall 
hold their ofiice until the next annual election and until their 
successors are elected. A majority of the board shall con- 
stitute a quorum for the transaction of business. 



INSUKANCE COMPANIES. 117 

§ 6. The board of directors shall have power to fill any vacancy 
vacancy that may occur in their own body ; a plurality uf 
votes constituting a choice. They shall choose in the same 
manner, previous to the annual election of directors, three Elections, 
inspectors of such election, whose duty it shall be to can- 
vass the votes cast thereat, and declare the result. The said 
inspectors shall be judges of the qualifications of voters. 
Notice of such election shall be given by publication in one 
or more daily newspapers, published in the city of Chicago, 
at least ten days previous thereto. 

§ 7. The directors shall meet as soon as may be, after officers chosen, 
every election, and choose one of their number a president 
and vice president, who shall hold their ofiice until the next 
annual election of directors, and until their successors are 
chosen. They shall also have power to appoint a secretary 
and such other officers or agents, as the corporation may 
determine. 

§ 8. All policies of insurance, made by said corpora- poiicies-iosses 
tion, shall be subscribed by the president or vice president, 
and countersigned by the secretary ; and all losses accuring 
may be adjusted and settled by the president, vice president 
or secretary, under such regulations as the board of direc- 
tors may from time to time prescribe. 

§ 9. 'The ofiice of said corporation shall be at the city office. 
of Chicago : but agents may be appointed at other places, 
as may be deemed expedient. 

§ 10. The board of directors shall from time to time, DivideEds. 
estimate the net earnings and profits that have accrued in 
the business of the corporation, and declare such a dividend 
thereof to the stockholders, as they may deem just and 
proper. 

§ 11. By the consent, in writing of the stockholders, profits, 
representing three-fourths of the amount of the capital 
stock, the insured may be allowed to participate in the net 
profits of the business of the corporation. 

§ 12. Unless the said company shall be organized within Time of orccani- 
two years after the passage of this act, then this act shall ^^*"'" '™"^ ' 
be null and void, and nothing in this act shall be construed 
so as to permit said company to do banking business or ex- Banking busi- 
empt said company from the operation of such general laws "^^^P'^^ 
as may hereafter be passed upon the subject of insurance 
companies. 

§ 13. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

§ 14. Said corporation shall have power to borrow Borrow money. 
money when deemed necessary in conducting its business ; 
also to loan its surplus funds on good security, or invest the 
same under such regulations as the board of directors may 
prescribe. 

AppEOVED March 7, 1867. 



118 mSUKANCE COMPANIES. 



In force March AN ACT to amend an act entitled "An act to incorporate the Mutual Secu- 
7, 1S67. rity Insurance Company." 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented iti the General Assembly That said 
Insurance— Mutiial Securitj Iiisurance Company shall have full power 
poieics. and authority to make marine, inland, and all other insu- 

rances, and to grant insurance policies of all kinds, covering 
every species of risk taken by insurance companies. 
Participating § 2. Said company may issue participating policies, or 

policies. such as will entitle the insured to participate in the net 

earnings of said company from insurance, as provided in 
its charter, or non-participating policies, as may be agreed be- 
tween said company and its customers, and upon all policies 
upon which shall be written or printed " participating in 
net profits from insurance," and under which no losses shall 
occur; the holders shall participate in the manner pointed 
out in the original charter of said company. All other 
policies shall be issued, and all other insurances made 
upon the non-participating or ordinary principles adopted by 
stock companies. 
Increase of the § 3. Said compauy may increasc its capital from time to 
capital stock. ^^^j-,g ^^ g^^^.^^ amouut as may, in the opinion of the piajority 
of its directors, be expedient; and may have and elect such 
number of directors as the stockholders present at any an- 
nual meeting shall determine or direct. And out of their 
number, said directors may elect an executive committee, 
which committee shall have the general management of the 
Dusiness and ati'airs of said company, subject to the control 
of the board ol directors. 
Banking busi- § 4- And nothing in this act, or m the act oi wnicn thia 
,nes3 prohibited jg .^^ amendment, shall be construed so as to permit said 
company to do banking business, or exempt said company 
from the operation of such general laws as may hereafter 
be passed upon the subject of insurance companies. 

§ 5. This act shall be deemed a public act, and shall 
take effect and be in ibrce from and after its passage. 
Appboved March 7, 1867. 



In force March AN ACT to incorporate the Illinois Life Insurance Company. 

7, 1S67. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That William 
Corporators. English, Jamcs B. Caliill, George "W. Hall, George Ed- 
munds, jr., John Moffitt, Francis M. Corby, Bryant T. 
Scotield, Charles A. Savage, IST. Bushnell, George J. Rod- 



INSURANCE COMPANIES. 119 

gers and Onias 0. Skinner, and all others who shall be as- 
sociated with them as stockholders in the corporation hereby 
created, shall be a body corporate by the name of the 
'• Illinois Life Insurance Company," and by that name shall '^^me. 
have perpetual succession, may sue and be sued, prosecute Powers. 
and defend in all courts and places ; may have and use a 
common seal, which they may break and alter at pleasure ; 
and may purchase, hold or convey any estate, real or per- 
sonal, for the use of said company ; and the board of direc- 
tors shall have full power to make and execute by-laws, 
rules and regulations for the management of said company, 
so as to secure the well ordering of all its affairs : Provided, Proviso, 
that they be not repugnant to the laws of the United States 
or of this state, 

§ 2. The persons named in the first section of this act Directors, 
shall be the first board of directors, and shall hold their 
ofiices until the first Monday in January next, after the or- 
ganization of the said company. Annual elections of the Elections. 
said company shall be held on the first Monday of January, 
at the otiice of the company, and if it shall so happen that 
an election be not held on the said first Monday of January, 
it shall be lawful for an election to be held on any other day 
by giving ten days' notice, by publication in a newspaper 
printed in the city of Quincy. Each stockholder shall be vote of stock- 
entitled to one vote for each share of the capital stock by iioi^iers. 
him or them subscribed and paid, or secured to be paid, and 
stockholders may vote in person or by proxy. The board 
of directors may appoint three of their number to act as an 
executive committee, which committee shall have all the Executive 
■ powers of the board when the board of directors are not in 
session ; and the board of directors may fill any vacancies 
occurring in the board of directors or executive committee. 

§ 3. The board of directors shall meet as soon as may otscers. 
be after every annual election, and choose from their num- 
ber a president, vice president and treasurer. A secretary, 
general agent, and other officers, may be appointed by the 
board of directors or executive committee, upon such tei-ms 
as may be agreed upon. The duties of officers and agents 
shall be prescribed by by-laws. 

§ 4. The home otiice of the said company shall be in Home office. 
the city of Quincj, in the county of Adams and state of 
Illinois. The business of the said company may be carried 
on at any other place, by agency. 

§ 5. All policies of insurance or renewals thereof, made Policies. 
by the said company, shall be signed by the president and 
countersigned by the secretary, oi- by persons authorized to 
act as such. 

§ 6. The capital stock of the said company, shall not be Capital stock. 
less than one hundred thousand dollars, and maybe increas- 
ed from time to time, in the manner provided for by this 
act, or by the by-laws of the said company. The stock of 



120 



EfSURA^fCE COilPAJflES. 



the said company shall be transferable on the books of the 
Proviso. s^icl company, and not otherwise : Provided^ that at least 

ten per cent, of the capital stock, shall at all times be paid 
in, in cash, and the balance be secured by mortgajje on real 
estate worth double the amount secured thereby, or by 
United States or state bonds, at their market value. 
Subscription. § 7. Books of Subscription to the stock of the said com- 
pany, may be opened, by direction of a majority of the 
parties named in this act, living at the time said company is 
organized. 
Business and § S. The Said Company shall have power to make insu- 
operations. pancc upon the lives of individuals, and upon the lives of 
persons connected, by marital relations, to the persons ap- 
plying for insurance; and also, upon the lives of persons in 
whom the applicant has a pecuniary interest as creditor, or 
otherwise ; to receive trusts, grants, annuities and endow- 
ments, and purchase the same, in such manner and for such 
^ premiums and considerations as the board of directors or 

executive committee shall direct. The board of directors 
may collect and sell its securities, and re-inyest the proceeds 
thereof, and may accumulate a contingent capital by receiv- 
ing conditioned notes for insurance, at the time of insuring 
any person or persons ; such notes to be paid in the way 
and manner provided for in the note or notes, and by the 
by-laws of the said company. 

§ 9. Said company may issue such contracts of insu- 
rance, and receive therefor such premiums, as may be agreed 
Premiums. upou. Premiums may be payable at one time, or in con- 
ditional installments. The capital stock of said company 
Stock shares, shall be divided into shares of one hundred dollars each, 
and each share shall be entitled to represent one vote at 
each annual election of directors. 
Rules, etc. § 10. The board of directors may determine the rates 

of insurance, and the limitations and conditions of validity 
in the policies, and the sum that may be insured on one 
life, nut exceeding ten thousand dollars. 

§ 11. That no stockholder of the corporation hereby 
created, shfttl be liable, in his individual capacity, for any 
debt or liability of said company, beyond the amount of 
stock held by him. And this act shall not be construed to 
authorize said company to engage in the banking business. 
This act shall be subject to any general law of this state, on 
the subject of insurance or insurance companies. This act 
shall be void, unless said company shall organize and pro- 
ceed to business within two years after the passage hereof. 
Construction of § 13. This act is hereby declared to be a public act, and 
'"^^- the same shall be construed liberally for the purposes herein 

specified, and shall take efi'ect from and after its passage. 
Approved March 7, 1867. 



Contracts of 
iniiirance. 



stoc-kholdfers' 
liabilities. 



<3r2anization. 



INSURANCE COMPANIES. 121 



AN ACT to amend an act entitled "An act to incorporate the Rockford in force Feb'y 
Insurance and Savings Company," approved Feb. 19, 1857. 23, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That the 
name and style of the corporation by said act authorized, Name and style 
shall be the "Rockford Insurance Company." 

§ 2. That in addition to the powers granted by the afore- Additional 
said act, the corporation organized under the same shall have fusure?^ *° 
power and authority to insure against loss or damage by 
lightning, and may cause itself to be re-insured upon the 
whole or any part of any risk upon which it may have made 
insurance. 

§ 3. That the board of directors of the corporation shall vacancies, 
have power to till any vacancy occurring in the board 
during any current year, 

§ i. Unless said company shall be organized within two organization, 
years after the passage of this act, then this act shall be 
null and void, and nothing herein contained shall be con- 
strued so as to permit said company to do a banking busi- 
ness, or exempt said company from the operation of sucli 
general laws as may hereafter be passed upon the subject 
of insurance companies. 

§ 5. This act shall take effect and be in force from and construction of 
after its passage, and this act and the act to which it is an ^'^^■ 
amendment, shall be deemed and taken in all courts and 
places as a public act. 

ArPROVED February 23, 1867. 



AX ACT to incorporate the Reaper City Insurance Company. In tome Feby 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That Melanc- 
thon Starr, Thom'ss D. Robertson, Wait Talcott, Ralph 
Emerson, Moses Bartlett, and their successors, associ- 
ates and assigns, are hereby incorporated and made a body 
corporate and politic, by the name, style and title of the 
"Reaper City Insurance Company," and by that name, ^'ame and style 
style and title shall be, and are hereby empowered to sue 
and be sued, plead and be impleaded in all courts of justice ; 
also, to have and use a common seal, and the same to change 
at pleasure; also, to ordain and execute all by-laws and Corporate 
regulations by them deemed necessaiy for the well order- p°^™^^' 
ing and governing said corporation, providing said by-laws 
and regulations are not repugnant to the constitution and 
laws of this state, or the constitution and laws of the United 



122 INSUEAXCE COMPANIES. 

States, and do all other things necessary in law to defend 
their corporate rights. 
Capital stock. § 2. The Capital stock of said company shall be one hun- 
dred and fifty thousand dollars, divided into shares of one hun- 
dred dollars each, and may, at the pleasure of said corpora- 
tion, or of its board of directors, be increased to any further 
sum not exceeding five hundred thousand dollars, and shall 
be payable as follows, viz : One dollar on each sliare when 
the same is subscribed for, and nine dollars on each share 
within thirty days thereafter, the remainder of said stock 
shall be secured, to be paid, by mortgage on unincumbered 
real estate worth double the amount secured, U, S. bonds, 
Illinois state bonds, national bank currency, or other security, 
to be approved by the board of directors of said company, or 
such other securities as may be required by any general 
insurance law of the state, and shall be payable on twenty 
days' demand. The stock shall be deemed personal prop- 
erty, and transferable on the books of the company, and 
certificates shall be issued therefor : Frovided^ that no stock- 
holder shall be permitted to transfer his stock while he is 
indebted to the corporation ; and also, if at any time the 
directors shall consider any of the notes or securities given 
for balance of stock, as above specified, insecure, they shall 
have power to require payment, or additional securit^^ on 
the same, after due notice, under such penalties and forfei- 
tures as they may provide in the'ir by-laws. 

§ 3. The persons named in the first section of this act 
are hereby appointed commissioners for procuring said capi- 
tal stock of one hundred and fifty thousand dollars, and they, 
or a majority of them, shall at such times and places as they 
mav deem expedient, open subscription books for such 
stock, and shall keep such books open trom time to time 
until the. whole amount of said stock is subscribed, and when 
said stock is all subscribed, shall give at least five days' pub- 
lic notice in one of the weekly papers published in the city 
of Rockford, of the time and place of the first election of 
directors. 

§ 4. There shall be, for the well ordering of the affairs 
of said corporation, a board of not less than five, nor more 
than thirteen directors, chosen annually from among and 
by the stockholders of such corporation, by ballot, on the 
second Tuesday in January, in each year, and said directors 
shall hold their offices, at pleasure, from one annual meet- 
ing to another, and until their successors are elected. Ab- 
sent stockholders may vote by proxy, in writing. Each share 
shall have one vote at elections and on all questions coming 
before meetings of the stockholders. 

§ 5. The said directors shall choose from among their 
members, a president and vice-president of said corporation, 
and in case any vacancy shall occur in said directors, said 
directors may elect a director, (or directors,) from among 



INSUEAiS'CE COMPANIES, 123 

the stockholders, to fill such vacancy, who shall hold office 
at pleasure, until others are chosen in their room ; and said 
directors shall have power to appoint, for the time being, 
such officers, secretaries, agents and servants, as they shall 
judge necessary, and shall be capable of performing such 
other acts, and exercising such other powers, as shall be 
necessary for carrying out the objects of this charter. 

§ 6. This corporation shall have power to make con- Powers and ob- 
tracts of insurance on dwelling-houses, stores, and all kinds ''='''*°''^- 
of buildings, and upon household furniture and other prop- 
erty, personal and mixed, of all descriptions, and upon 
books of accounts, leases and rents, against loss or damage 
by fire or lightning, or any other causes ; and to make con- 
tracts of insurance upon vessels, boats, cargoes, goods, 
merchandise, freights and other property against loss or 
damage by all or any of the risks of lake, river, canal and 
inland navigation and transportation, for such term or terms 
of time, for such premium or consideration, and under sucli 
restrictions and conditions as may be agreed upon between 
the company and the persons or bodies corporate or politic, 
agreeing with them for such insurance, and to do and per- 
form all necessary acts and things connected with these 
objects, or any of them, and may cause themselves to be 
re-insured on any risk or insurance which they may have as- 
sumed or taken in the progress of their business. All poli- 
cies of insurance shall be subscribed by the president or 
vice-president, and countersigned by the secretary, and shall 
bind and oblige said corporation according to the terms and 
tenor thereof. 

§ 1. The board of directors of said corporation are \"Jjf^\*'"''^^ ^^ 
authorized to invest its funds in United States stocks, or in 
stocks of any of the United States, mortgages on unin- 
cumbered real estate worth fifty per cent, more than the 
amount loaned thereon, in bonds and stocks of other mcoi- 
porated companies, or in such other securities as they shall 
deem most for the interest of the corporation, and the said 
stocks or securities, at pleasure, to alien and convey. 

§ 8. The principal office of said company shall be loca- Principal office. 
ted in the city of Kockford, but it may have agents, and 
transact business within or out of the state. 

§ 9. It shall be lawful for said company to purchase, Reai estate, etc. 
hold, and at pleasure, to dispose of, and convey, such real 
estate, as may be convenient for the transaction of its busi- 
ness, or such as it may purchase at any sale in virtue of any 
judgment at law or decree in equity, in favor of said com- 
pany, and void while said notes are past due; and the said 
board of directors are hereby authorized to declare null and 
void, any policy, upon which the note given for premium, Policies. 
or any part of the same is due and unpaid. 

§ 10. All additional subscriptions to the capital stock, 
beyond the first one hundred and fifty thousand dollars, 



124 



INSURANCE COMPANIES. 



shall be made on such conditions as the board of directors 
may determine. 
Treasurer. § H. At eacli annual election of directors for said com- 

pany, a treasurer, of said company shall be chosen for the 
term of one year by a majority of said directors, and such 
treasurer so chosen, shall be required to give security, by a 
good and sufficient l)ond, for the true and faithful perform- 
ance of his duties as such treasurer; which bond shall be 
approved by a majority of said board of directors, and in 
case of the death, resignation or other removal from ofhce, 
of such treasurer, the directors by a majority, may appoint 
a treasurer for the unexpired term, and who shall give 
bond, as is in this section hereinbefore provided. 
Time for organ- § 12. Uuless the Said comjkmy shall bc Organized within 
jzation. ^^,^ years after the passage of this act, then this act shall 

be null and void, and nothing herein contained shall be 
construed, so as to permit said company to do banking bu- 
siness, or exempt said company from the operations ot such 
general laws, as may hereafter be passed upon the subject 
of insurance companies. 

§ 13. This act shall be liberally construed, for the pur- 
poses therein contained, and shall be deemed a public act, 
and take effect from and after its passage. 
Approved February 25, 1867. 



Banking 
prohibited 



In force Feb'y 
25, 1S67. 



Change of 
charter. 



AN ACT to amend the charter of the Freeport Insurance Company. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That the 
name of said company may be changed to the " German 
Insurance Company of Freeport," by a two-thirds vote of 
the board of directors of said company, at any meeting 
called for that purpose. 

§ 2. For the better security of the policy holders, the 
directors of said company may secure United States stocks, 
Illinois state stocks, or mortgages on unincumbered real es- 
tate worth double the amount the face of the mortgages ; 
such value to be certified by the clerk of the circuit court 
ot the county, and by the supervisor of the town where 
such real es'tate is situated, to an amount not exceeding five 
hundred thousand dollars, to be divided into shares of one 
hundred dollars each. Such stocks or mortgages shall be 
entitled to representation in the election of directors in the 
ratio of one vote for every one hundred dollars; and such 
stock or mortgages shall be liable for the losses and expen- 
ses of the company, whenever the premiums paid or to be 
paid are not sufiicient to pay said losses and expenses. 



INSURANCE COMPANIES. 125 

§ 3. This act and the act to which this is aa amend- subject to gen- 
ment shall not be deemed to exempt said company from the ^J'^^^^'^^^^^''^^® 
operations of such general laws as may be hereafter enacted 
by the general assembly, on the subject of life insurance. 

§ 4. This act shall be a public act, and shall take effect 
and be in force from and after its passage. 

Approved February 25, 1867. 



AN ACT to amend the charter of the American Insurance Company of In force Feb'y 
Freeport, Illinois. 25, 1867. 

Section 1. Be it enacted hy the People qf the State of 
Illinois^represe7itedinthe General Assembly, That the board 
of directors of the American Insurance Company may, at 
any time they shall deem it for the best interests of the 
said company, remove the home office of the said company Remov.u of 
to the city of Chicago, in the state of Illinois. And all acts iio°>« "S^-^^- 
and things authorized to be done at the city of Freeport 
shall be lawful, if done at the city of Chicago. And all 
acts and things already done at the city of Freeport shall 
in nowise be affected by the removal of said company to 
the city of Chicago, in the state of Illinois. Kotice of such 
removal shall be published in a daily newspaper printed in 
the city of Chicago, for at least one week before any remo- 
val of the home office of such company shall be made. 

§ 2. The guaranteed capital or capital stock of taid com'- capu.ii stock-; 
pany may consist in United States stock, state stocks, stocks 
of other corporations, bonds, mortgages upon real estate, 
and indorsed promissory notes bearing seven per cent, in- 
terest. Said company may pass such by-laws, rules and 
regulations, not inconsistent with the laws, of this state or 
the United States, as may be necessary for subscription to 
guarantee or capital stock, for the payment of assessments 
upon the same, and for the payment of dividends of profits 
to stockholders: Provided, that no dividend of profits shall 
be declared, which shall impair the guarantees or stock cap- 
ital, or interest be paid to exceed ten per cent, per annum 
of such guarantees or stock capital, when dividends of profits 
are not declared. 

§ 3. Said company may do a general life insurance busi- Business, 
ness, and such other kinds ofinsurance as the board of direc- 
tors shall deem expedient. The directors may invest and re- 
invest the surplus funds of said company : Provided, that noth- 
ing be so construed as to authorize the business of banking. 

§ 4. The corporation now existing, by virtue of the ori- perpetual 
ginal charter of said company, together with the several successioo 
acts amendatory thereto, shall have perpetual succession. 



126 



INSURANCE COMPANIES. 



[§ 5.] This act shall be deemed a public act, and shall be 
liberally construed for the purposes therein mentioned, and 
shall take effect and be in force from and after its passage. 

Approved February 25, 1867. 



Ib force Febru- AX ACT to incorporate the American Standard Life Insurance Company of 
ary 25, 1S67. Springfield, Illinois. 

Section 1. Be it enacted hy the People of the Stats of 
Illinois^ represented in the General Assembly^ That John 

Corporators. WiUiams, Frank W. Tracy, Jacob Bunn, James H. Beve- 
ridge, Jesse K, Dubois, Ozias M. Hatch, Asa Eastman, 
Newton Bateman, Milton Hay. James D. B. Salter, John S. 
Bradford, Samuel H. Melvin, Ellis Worthington, Jeremiah 
D. Low, C. Moulton Smith, Benjamin M. Griffith, William 
M. Springer, Edward F. Leonard, John "W". Bunn, Levin 
W. Shephard, Albert H. Lanphear, AYiUiam F. Fox. P. 
Wilde Harts, Cyrus G-. French, William P. Grafton, Calvin 
H. Flower, George M. Brinkerhoff and Bichmond Wolcott, 
and the persons who may be assured under the provisions 
of this act, and their associates, successors, and assigns, be 
and they hereby are constituted a corporation, by the name 

Name. of "The American Standard Life Insurance Company," to 

be located at Springfield, Illinois, for the purpose of ma- 
king insurance on lives, in all its branches, including the 
granting and purchase of annuities, Avith all the powers 
and privileges, and subject to all the restrictions hereinafter 
provided. 

Directors § 2. All the Corporate powers of this company shall be 

vested in, and exercised by a board of directors, which shall 
consist of twenty-eight members, fifteen of whom shall con- 
stitute a quorum. ' 

Term of [office. § 3. The pcTsous whosB nauics appear in the first sec- 
tion of this act, shall constitute the first board of directors, 
and shall hold their office for the term of three years from 
the date at which this charter shall commence, under this 
act, or until their successors shall be chosen, 

§ 4. At the expiration of the term of office of the first 
board of directors, their successors shall hold their office for 
the term of one year, and be chosen annually, as follows : 
An election shall be held on the second Wednesday of Jan- 
uary, A. D. 1870, and annually thereafter ; at which elec- 
tion fourteen directors shall be chosen by the stockholders, 
and fourteen by the policy-holders, members of this com- 
pany, who shall hold their office for one year from the ex- 
piration of the term of their predecessors. 



INSURANCE COMPANIES. 127 

§ 5. Eacli stockholder and each policy-holder, holding vote of stock- 
a policy for an amount not less than one thousand dollars, ^°^'^®"- 
shall be entitled to cast one vote at any election of directors, votinsbyproxy 

§ 6. Any stockholder or policy-holder, who may not be 
present to vote personally at any election, may cast his vote 
by proxy, in such manner as the directors may have pro- 
vided. 

§ T. Each board of directors shall, at its first regular officers. 
meeting, choose from their own number a president, vice 
president, and secretary, whose duties shall be prescribed 
by the by-laws of the company. 

§ 8. In case of a vacancy in any office or in the board vacancies. 
of directors of the compan}^, caused by death, resignation, 
or Removal from the state, the board shall have power to fill 
such vacancy. 

§ 9. The said corporation, by their president, shall have suits. 
power to bring or defend all suits at law or in equity, in the 
name and in behalf of said company, which may be institu- 
ted by or against the same. 

§ iO. It shall be lawful for this company to buy, sell, Keai estate. 
lease, or otherwise hold, such real estate as they may deem 
expedient, not exceeding fifty thousand dollars in value. 

§ 11. There shall be an original guarantee capital stock ctuavantee 
subscribed to this company, of not less than one hundred '^'^^''^^ ''^^^'' 
thousand dollars, which shall be transferable in such man- 
ner as the board of directors shall by by-law determine, which 
may be increased, at the discretion of the board of directors, 
to be not more than one million dollars. Said capital stock 
shall be divided into shares of one thousand dollars each ; 
ten per cent, of which shall be paid in in cash, and the re- 
maining ninety per cent, secured, as hereinafter provided, 
before the said corporation shall go into operation for the 
purpose of insuring — the remaining ninety per cent, of said ■ 
capital stock to be secured to said company in the same man- 
ner as other investments, as hereinafter provided ; which 
unpaid capital stock may be called for by the board of di- 
rectors, from time to time, whenever they may deem it 
necessary, and which shall be paid in by the stockholders 
as demanded. 

§ 12. The board of directors shall invest the paid-in ^cIpuriirock°^ 
capital stock and premium accumulation of said company in 
the following manner, except so much of the same as may 
be necessary to defray the current expenses of said company: 

I^'^irst — In bonds and mortgages, which shall be first 
mortgage liens upon real estate where the sum invested 
shall not exceed one-half of the cash value of the property 
mortgaged, exclusive of perishable improvements. 

Second — In government bonds or United States securi- 
ties, at their market value. 

Third — In state bonds of any of the states, at their mar- 
ket value. 



128 



INSURANCE COMPANIES. 



ranee rates. 



Reserved fund. 



Purchase of 

stock. 



Division 
dividends. 



Charter 
perpetual. 



Banking 
prohibited. 



Fourth — In county or city bonds, bearing at least seven 
per cent, interest, the market value of which shall be par. 
§ 13. The directors may determine the rates of insurance 
and the sum to be assured in any one risk, and make all 
such bj^-laws and regulations as may be necessary in the- 
management of the affairs of this company. 

§ 11. Whenever the net receipts of the company, over 
the losses and expenses, and after providing for risks, as may 
be required by law, shall be suthcient for the purpose, the 
stockholders shall be en titled to an annual dividend on stock, 
of seven per cent., to be paid out of the funds of the com- 
pany ; and in case such dividend shall not be made in any 
one year, it shall be made good at a subsequent period, when 
the net rescources of the company shall be sufficient for 
paying the same. 

§ 15. After providing for risks, losses, incidental ex- 
penses, and dividends on stock, as aforesaid, tlie directors 
shall set apart one-quarter of the estimated surplus funds 
as a reserved fund, to be applied to the credit of the guar- 
antee stock, until the same shall be fully paid np by such 
credits ; after which the stockholders shall only be entitled 
to the annual dividend on their stock, as hereinbefore pro- 
vided, 

§ 16. Whenever the guarantee stock shall receive a 
credit, as provided in the fifteenth section of this act, the 
security pledged for the payment of said stock shall receive 
a like credit ; and whenever the said guarantee stock shall 
have been fully paid up by such credits, as aforesaid, the 
security of stock shall be released. 

§ 17. It shall be lawful for this company to buy in the 
original guarantee capital stock, or any part of the same, 
whenever the board of directors shall so determine. 

§ 18. AVhenever the guarantee capital stock shall have 
been entirely bought in, as hereinbefore provided, the policy- 
holders shall elect the board of directors. 

§ 19. Dividends arising out of the surplus funds of the 
company, after making full provisions for all liabilities, shall 
be divided equitably among the policy-holders, at such times 
and in such manner as the board of directors may direct. 

§ 20. The charter granted by the provisions of this act 
shall be perpetual, and shall be in force from and after the 
first day of March, a. d. 1SG7: Provided, an organization 
be effected under the same wdthin two years from the date 
of its commencement. 

§ 21. Nothing herein contained shall be so construed as 
to permit said company to do a banking business, or exempt 
said company from the operation of such general laws as 
may hereafter be passed upon the subject of life insurance 
companies. 

§ 22. This act shall take effect from and after its passage. 

Approved February 25, 1867. 



INSURANCE COMPANIES. 



AN ACT to incorporate the National Insurance Company. In force Feb'y 

25, 1867. 

Section 1. Be it enacted hy the Peojple of the State of 
Illinois^ represented in the General Assembly^ That Charles 
Holland, Ira Y. Munro, Homer E. Sargent, Wirt Dexter, 
Matthew Laflin, George M. Kimbark, 0. G. Wicker, their 
associates and successors, be and are hereby constituted a 
body corporate, by the name and style of "The National '^^'^^^ 
Insurance Company," and, as such company, may sue and 
be sued in any court of competent jurisdiction. 

§ 2. The capital stock of said company shall be one hun- capital stock. 
dred thousand dollars, which shall be all paid up in cash 
and invested in United States bonds or the bonds of this 
state; and the said capital may be increased by a vote of 
a majority of the stock represented at any regular or special 
meeting of the stockholders, to be paid in and invested as 
the directors shall provide. 

§ 3. The company may purchase and hold such real es- Real estate. 
tate as is required or deemed necessary in carrying on its 
business. 

§ 4:. The business of the company shall be effecting in- Business, 
surance upon property against any and all perils of fire and 
inland navigation. 

§ 5. There shall be an annual meeting of the stock- Meetings. 
holders of the company at its office, in Chicago, on the 
second Tuesday in January of each year ; at which time 
seven directors shall be elected, to serve for one year, or 
till their successors be chosen, who shall constitute the board 
of directors. 

_ § 6. The directors shall elect, each year, a president, officers. 
vice president, and secretary, and also a finance committee 
of three, to serve one year, or till their successors be elect- 
ed ; and in case a vacancy occurs in the officers or board of 
directors, the directors may fill such vacancy at any time. Quorum. 

§ 7. A majority of stock represented, by ownership or 
proxy, shall constitute a quorum at any stockholdg-s' meet- 
ing, and a majority of the directors, at any meeting of the 
board of directors, shall constitute a quorum of the board, 
to transact business. 

§ 8, Any business transacted by the directors, or the By-iaws. 
officers appointed by them, shall be binding upon the stock- 
holders. The directors may make and put in execution any 
by-laws, not inconsistent with the laws of this state or of 
the United States. 

§ 9. The company shall be organized, and books opened organization. 
for subscription of capital stock, within two years from the 
passage of this act. 

§ 10. Unless the said company shall be organized with- ^^°^°s 
in two years from the passage of this act, then this act shall p""" ' ' ® • , 
be null and void ; and nothing herein contained shall be 
Vol. II— 9 



130 INSUKANOE COMPAJyriES. 

construed so as to permit said company to do banking bus- 
iness or exempt said company from the operation of such 
ffenerai laws as may hereafter be passed upon the subject of 
insurance companies. 

§ 11. This act shall be deemed a public act, and take 
effect from and after its passage. 

Approved February 25, 1867. 



In force Feb'y AN ACT of incorporation of the Emi^ire Mutual Life Insurance Company. 

Section 1 . Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly^ That Chauu- 

coiporatorj. gy T. Bowcn, J. Ptusscll Joues, Philip A. Hoyne, John 0. 
Tracy, George M. Kimbark, Frederick II. May, Wm. F. 
Brewster, George S. WilHams, C. N. Shipman, Edward "W. 
Porter, Talcott Ormsbee, and all other persons who may 
hereafter associate with them, shall be and are herby de- 
clared a body politic and corporate, by the name of " The 

Name. Empire Mutual Life Insurance Company," and by that 

name may contract and be contracted with, sue and be sued, 
defend and be defended against in any and all. courts, and 
shall have perpetual succession. 

Powers, etc. g 2. The Corporation hereby created shall have the 

power to insure lives, on the stock or mutual plan, and to 
make all and every insurance appertaining to or connected 
Avith life risks, the granting of endowments, and to grant 
and purchase annuities ; and all persons who shall insure 
with this corporation, and also their heirs, executors, admin- 
istrators and assigns, continuing to be insured in said cor- 
poration, shall thereby become members thereof. 

Seal and by-laws § 3. The Empire Mutual Life Insurance Company shall 
have a common seal; and shall have power to make re-in- 
surance of any risk which they may take ; and may make 
all such by-laws, not inconsistent with the constitution and 
laws of this state, as may be deemed necessary for the ap- 
pointment of its officers and agents, and the conduct of its 
affairs, in the various cities and towns of this state and of 
sister states and foreign governments, as the said corpora- 
tion may deem most for its interest. 

Plan of insuring | 4. This fcorporatiou shall be deemed a Mutual Life 
Insurance Company, but may adopt either the stock or 
mutual plan. All profits of the business done on the stock 
plan shall be the property of the stockholders, and shall be 
kept in a separate department. 

Premium, ete. g 5 Evcry pcrsoii who sliall become a member of this 
corporation, by effecting insurance therein, shall, before he 
receives his policy, pay the rates that shall be fixed upon 



INSURANCE COMPANIES. 131 

and determined ; and no premium so paid shall ever be 
withdrawn from said company, except as hereinafter pro- 
vided, but shall be liable for all the losses and expense 
incurred by this company. 

§ 6. There shall be a president, a vice-president, a sec- officers. 
retary and a treasurer, all' of whom shall be elected for the 
term of three years, by the stockholders. 

§ 7. G-eo. *M. Kimbark, Fred. H. May, Chauncv T. commissioners 
Bowen and Wm. F. Brewster, shall be and are hereby — ^b^<="P"°- 
authorized to act as commissioners in securing subscriptions 
to the capital stock, and may open books for that purpose 
at such times and places as may be deemed by them ne- 
cessary, and may call meetings of stockholders, when neces- 
sary, to perfect the organization of the corporation. 

§ 8. All the corporate powers of the said company shall Trustees. 
be exercised by a board of trustees and such officers and 
agents as they may appoint, all of whom must be members 
or stockholders. 

§ 9. The board of trustees shall consist of eleven persons, 
and tho^e named in this act shall constitute said board, who 
shall be a quorum for the transaction of 'business, and who 
shall be such quorum until otherwise provided by by-laws, 
and may, from time to time, make due provisions in said 
by-laws for increasing the number of trustees, as may be 
deemed proper in the extension of the business of the said 
corporation. 

§ 10. The officers and executive committee shall deter- insurance rates 
mine the rates of insurance and the sums to be insured, and 
shall invest the premiums as hereinafter prescribed. 

§ 11. All policies issued by this corporation may grant Travel permits. 
a general permit for travel to all civilized parts of the United 
States, or healthy parts of the United States, or healthy 
portions of the globe, free from extra charge. 

§ 12. The central office or chief department shall be cenuai office, 
located by the stockholders, after the whole amount of the 
capital stock shall have been subscribed. 

§ 13. This corporation may comply with all lawful Agendas, etc.— 
requirements of such sister states as may be deemed proper "ners?^^ ^^^^' 
by the officers and executive committtee of said corporation ; 
and it shall be lawful for them to establish a principal agen- 
cy department in each of the said states, and shall appoint 
a manager of the business in said state, who, together with 
a local board of medical examiners, of not less than two 
practicing physicians, shall have power to accept or reject 
all risks offered for insurance in said state. 

§ 11. For the purpose of affording security to policy stock capital- 
holders, and to enable the corporation to fully carry the shares, etc. 
objects in view into active and successful operation in sister 
states, there may be a stock capital subscribed to the amount 
of two hundred and fifty thousand dollars, which shall be 
divided into two hundred and fifty shares of one thousand 



132 



INSURANCE COMPANIES. 



Investment 

fuuds. 



dollars each ; and at least one hundred and fifty thousand 
dollars of said capital, so subscribed, shall be paid in cash 
or secured by first mortgage on improved productive prop- 
erty, worth double the amount insured, located in any state 
where said corporation may have established an agency 
department. 
Guarantee fund | 15. The Said Capital of ouc hundred and fifty thousand 
dollars shall be deemed a guarantee fund, and may be loaned 
or invested, so as to secure to the stockholders a rate of inter- 
est of at least seven per centum per annum ; but in no case 
shall the premiums, or any portion thereof, which have been 
paid by persons seeking insurance on the mutual plan, be 
used in payment of the interest on said guaranteed capital, 
of ^ i-Q- It shall be lawful for the said corporation to invest 
the premiums received in the securities designated in the 
two following sections, and to sell, transfer and change the 
same, and re-invest the funds of said corporation, whenever 
the trustees shall deem expedient. 

§ 17. The whole of the premiums received for insurance 
by said corporation, except as provided for in the following 
section, may be invested in bonds secured by mortgages on 
unincumbered real estate. The real estate or property, to 
secure such investment of capital, shall, in every case, be 
worth twice the amount loaned thereon. The real estate 
which it shall be lawful for this corporation to purchase, 
hold, possess and convey, shall be : 

My'st. — Such as shall be requisite for its immediate ac- 
commodation in the convenient transaction of business. 

Second. — Such as shall have been mortgaged to it, in good 
faith, by way of security for loans previously contracted, 
or for money due. 

Third. — Such as shall have been conveyed to it, in satis- 
faction of debts previously contracted, in the course of its 
dealings. 

Fourth. — Such as shall have been purchased at sales upon 
judgments, decrees or mortagages, obtained or made by sueb 
debts, 
of § 18. The trustees shall have power to invest a certain 
portion of the premiums received, not to exceed two-thirds 
thereof, in public stocks of the United States, or of any 
state, or of any incorporated city. 

§ 19. Suits at law may be maintained by said corpora- 
tion against any of its members, for any cause relating to 
the business of said corporation. Suits at law may also be 
prosecuted and maintained by any member against said 
corporation for loss, by death, if payment is withheld more 
than three months after the company is duly notified of such 
losses ; and no member of the corporation shall be debarred 
his testimony as a witness in any such cause, on account 
of interest in such suit, or of his being a member of said 
company ; and no member of the corporation, not being in 



Investment 
preminmi. 



INSURANCE COMPANIES. 133 

his individual capacity a party to such suit, shall be incompe- 
tent as a witness in any such suit on account of his being 
a member of said company, 

§ 20. The officers of said company, at the expiration of Balance, 
every year, from the time that the first policy shall have 
been issued and bear date, or within sixty days thereafter, 
and during the first sixty days of every subsequent period 
of one year, shall cause a balance to be struck of the afl'airs 
of the company, and shall credit each mutual member with 
an equitable share of the profits of said company; and, in 
case of thedeath of the party whose life is insured, the amount 
standing to his credit at the last preceding striking of bal- 
ance, as aforesaid, shall be paid over to the person entitled 
to receive the same, or, in lieu thereof, an annuity may be 
paid, in the discretion of the executive committee. 

§ 21. ISTo members, except officers of the company and Liabilities, 
agents thereof, shall be personally liable for the losses of the 
company ; and such officers and agents, severally, shall be 
liable, but only for the losses arising by reason of their 
own respective neglect or misconduct. 

§ 22. On some day in the first thirty days after the statements. 
expiration of the first three years, from the time when the 
said company shall issue its first policy, and within the first 
thirty days of every subsequent three years, the officers of 
said company shall cause to be made a general balance 
statement of the affairs of said company, which shall be 
entered in a book prepared for that purpose, which shall be 
subject to the examination of every member and stockholder 
of the company, during the usual hours of business, for the 
term of thirty days thereafter. Such statement shall con- 
tain : 

'First. — The amount of premiums received during the 
said period. 

Second. — The amount of expenses of said company dur- 
ing the same period. 

Third. — The amount of losses incurred during said period. 

Fourth. — The balance remaining with said company. 

Fifth. — The nature of the security on which the same is 
invested or loaned, and the amount of cash on hand. 

§ 23. It shall be lawful for any married woman, by who may insure 
herself and in her name, or in the name of any third person, 
with his assent, as her trustee, to cause to be insured, for 
her sole use, the life of her husband, for any definite period, 
or for the term of his natural life ; and in case of her sur- 
viving her husband, the sum, or net amount of the 
insurance becoming due and payable by the terms of the 
insurance, shall be payable to her, to and for her own use, 
free from the claims of the representatives of her husband 
or his creditors ; but such exemption shall not apply where 
the amount of premium annually paid shall exceed five 
hundred dollars. In case of the death of the wife, before 



134: INSURANCE COMPANIES. 

the decease of the husband, the ai-noiint of the insurance may 
be made pa3^able, after death, to her children, for their use, 
or to their ajiiardians, if under age. 

Forfeiture. § 24. ISTo policj of insurance issued by this company 

shall be forfeited or become void by the non-payment of 
premium thereon, any further than regards the right of the 
party insured therein to have it continued in force beyond 
a certain period, to be determined as follows, to-wit: The 
net value ot the policy, when the premium becomes due 
and is not paid, shall be ascertained according to the "com- 
bined experience " or " actuary's " rate of mortality, with 
interest at four per centum per annum, after deducting from 
such net value any indebtedness to the company on notes 
held by the company against the insured ; which notes, if 
given for prenaiuras, shall then be canceled; four-lifths of 
what remains shall be considered a net single premium of 
teniporary insurance, and the term for which it will insure 
shall be determined according to the age of the party at the 
time of the lapse of premium, and the assumption of mor- 
tality and interest aforesaid. If the death of the party 
occur within the term of temporary insurance covered by 
the value of the policy, as determined in this section, ana 
if no condition of the insurance other than the payment of 
premium shall have been violated by the insured, the com- 
pany shall be bound to pay the amount of the policy the 
same as if there had been no lapse of premium, anything 
in the policy to the contrary notwithstanding: Provided^ 
hoioever^ that notice of the claim and proof of the death shall 
be submitted to the company within ninety days after the 
decease : Provided, also, that the company shall have the 
right to deduct from the amount insured in the policy the 
amount of seven per cent, per annum of the premiums that 
had been forborne at the time of the death. 

Retiring stock. § 25. At the cxpiratiou of the first ten years of the 
company's existence, it shall be optional with the stock- 
holders, as to the retiring of said capital stock, provided the 
mutual department shall be possessed of a sum in cash 
equal to said capital stock, over and above the necessary 
surplus or reserve fund required for re-insurance. 

Organization. § 26. Uuless Said Company shall be organized within 
two years after the passage of this act, then this act shall 
be null and yoid. And nothing herein contained shall be 
construed so as to permit said company to do a banking 
business, or exempt said company from the operation of 
such general laws as may hereafter be passed upon the sub- 
ject of insurance companies. 

§ 27. This act shall be deemed a public act, and shall 
take effect from and after its passage. 
Approved, February 25, 1867. 



INSURANCE COMPANIES. 135 



AlSf ACT to incorporate the Kankakee Insurance Company. In force Feb'y 

25,186T. 

Section 1. Be it enacted ly the People of the State of 
Illinois^ represented in the General Assembly^ That James 
McGrew, John H. Smith, John Dale, Emery Cobb and 
James N. Orr, and their associates, successors, and assigns, 
be and hereby are created a body corporate and politic, un- 
der the name and style of "The Kankakee Insurance Com- Name and style 
pany ;" and by such name may have perpetual succession ; 
may sue and be sued, implead and be impleaded, answer and 
be answered unto in all courts and places whatsoever ; and 
to have and use a common seal, and to renew and alter the 
same at pleasure. Said company shall have power to pur- ^pj^erg''' 
chase, hold, enjoy and convey all such real or personal prop- 
erty as shall be necessary for the convenient transaction of 
the business and affairs of said company, and for the pres- 
ervation and safe keeping of books, papers and records of 
said company ; and also to make all such by-laws, rules and 
regulations, not inconsistent with the constitution and laws 
of the United States or of this state, as shall be necessary 
for the proper management, regulation or control of the busi- 
ness or affairs of said company, and amend or repeal the same. 

§ 2. Said company shall have power to insure any and insurance, 
all persons, companies and corporations, against loss or dam- 
age by lire, lightning, or wind, to any dwelling house, store, 
shop, or other building, household furniture, merchandise, 
or other property, whether personal or real, and against 
accidents of every description, both to persons or property, 
and against all risks by inland navigation and transporta- 
tion, of persons and property, including navigation and 
transportation upon any and all the rivers, canals and lakes 
within the United States of America and the several pro- 
vinces of ISTorth America belonging to the government of 
Great Britain, and also including transportation upon all 
railroads within the United States and said British JProvin- 
ces, and do all such acts and things appertaining to such bu- 
siness ol insurance, as may be necessary for the proper trans- 
action of the same. 

§ 3. The capital stock of said company shall not be less capital stock. 
than one hundred thousand dollars, and may be increased 
to any sum, not exceeding five hundred thousand dollars, 
to be divided into shares of one hundred dollars each ; and 
said stock shall be personal property, and be assignable and 
transferable only on the books of said company, and under 
such regulations as the directors may establish. 

^ -i. " The persons above named ' are hereby appointed commissioneis 

^ . . '■ , • 1 .- ,.1 -t \ L 1 —duties ol. 

commissioners to receive subscriptions to the capital stock 
of said company, and shall, as soon after the passage of this 
act as they or a majority of them shall deem advisable, open 
books to receive subscriptions to said capital stock; and 



136 IXSrRANCE COilPA^^IES. 

whenever not less than one hundred thousand dollars of 
said capital stock shall have been subscribed, and not less 
than ten per cent, thereof actually paid in to said commis- 
sioners, in good faith, in cash, said company shall be autho- 
rized to become organized under this act, and to elect a 
board of directors, and to enter upon the transaction of said 
insurance business. 

Officers. § 5. The board of directors shall be authorized to elect 

a president, vice president, secretary, treasurer, and general 
agent for said company, and such other officers as they may 
deem proper, and determine the term of office and mode of 
election of the same ; to enact all by-laws, rules and regula- 
tions of said company ; and to provide for the appointment 
of all such committees, attorneys, agents, and servants, as 
to said board of directors shall seem proper. The first board 
of directors shall consist of nine members ; all of whom 
shall be stockholders of said company; and the number of 
directors may, thereafter, be increased or diminished by said 
company, (not, however, to be less than five, nor more than 
thirty-one); and no person shall be eligible to the office of 
director who shall not at the time of his election be the 
owner, in good faith, in his own right, of at least five shares 
of the capital stock of the company; and, in all elections, 
each share of said capital stock ol said company shall be 
entitled to one vote. 

Certificate of § 6. Said Company, on becoming organized, and before 

organization, transacting any insurance business under such organization, 
shall file a certificate of such organization, specifying the 
amount of capital stock subscribed and the amount actually 
paid in in cash, and the names of the first board of direc- 
tors, and the term of office for which they were elected ; 
which certificate shall be executed under the hands and 
seals of said directors and acknowledged by them before 
some officer authorized to take the acknowledgments of 
deeds, and recorded in the office of the clerk of the circuit 
court of the county of Kankakee ; and on recording said 

Organization. Certificate, said company shall be deemed fully organized, 
and entitled to enter upon and exercise and enjoy all the 
rights and franchises conferred by this act. And said com- 
pany shall have power to charge and receive for insurance, 
as provided in this act, such premium or premiums as shall 
be agreed upon between the parties, either upon the stock 
or mutual plan, or both. 

Installments. § <T. The board of directors shall have power, from time 
to time, require the payment of additional installments of 
said capital stock, until the whole of said capital stock shall 
be paid in ; and each stockholder shall be held liable for the 
debts of said company for any and all the losses and liabili- 
ties, to the amount of stock subscribed by him, and no 
more ; and the said directors may cause said capital stock 
to be invested in the bonds of the United States, or this 



INSUKANCE COMPANIES. 137 

state, or in mortgages upon real estate — said land in all 
cases, to be unincumbered, and to be worth at least one 
hundred per cent, more than the amount secured thereon. 
And said company may, under such rules as said directors 
may prescribe, make dividends to said stockholders out of 
the net profits of the business of said company. 

§ 8. The principal office of said company shall be loca- Principal office, 
ted in the city of Kankakee, in said county of Kankakee ; 
but the officers of said company may appoint such agents 
in other places as they may deem necessary. 

§ 9. Said company shall have power to receive, hold, 
sell, and convey all such property, personal or real, as shall 
be mortgaged, pledged, sold or conveyed to them, in secu- 
rity or payment of any indebtedness due in good faith to 
said company, or in any manner in good faith owing to them, 
or conveyed to them under any sale by virtue ot any legal 
process, decree, or order of any court, made for and upon 
any such indebtedness. 

§ 10. All policies of insurance issued by said company Policies signed. 
shall be signed by the president or vice president and sec- 
retary ; and all such policies shall be valid and binding on 
said company. 

§ 11. A statement of the true condition of the company statemsnta. 
shall be made to the stockholders each year [by] the officers 
thereof, under oath, at the time of the annual election of 
directors. 

§ 12. Unless the said company shall be organized within suv.jeot to gen- 
twelve months after the passage of this act, then this act ^'■^"^^^^• 
shall be null and void. And nothing herein contained shall 
be constrned so as to permit said company to do banking 
bnsiuess, or exempt said company from the operations of 
such general laws as may hereafter [be passed on the sub- 
ject of insurance companies.] 

Appkoved February 25, 1867. 



AN ACT to incorporate the Palatine Mutual Guarantee Insurance In force Feb'y 

Association. 25, 1S67. 

Section 1. Be it enacted hy the People of the State 
of Illinois, ^represented in the General Assemlly, That, corporators. 
from and after the time this act shall take effect, S. H. 
McCrea, G. YanYalkenberg, M. S. Johnson, D. Jenks, J. 
H. Palhman, H. C. Batterman, S. Barber, H. Schirding, 
and S. P. Brown, of the town of Palatine, county of Cook, 
Illinois, and all persons associated with them, or who may 
hereafter associate with them, in the manner hereinafter 
prescribed, and all their successors in office, shall be a body 



138 



INSUEA3!?CE COMPANIES. 



Name and style. 



Privileges, etc. 
of members. 



Election of 
directors. 



Notice of 
election. 



Rules, etc. 



Meeting of 
bo.-ird. 



Propert 



'roperty 
insured. 



Membership- 
requirements. 



politic and corporate, by the name and style of "The Pala- 
tine Mutual Guarantee Insurance Association," and by that 
name may sue and be sued, appear, prosecute and defend, 
in any court of record ; may have and use a common seal, 
alter and renew the same at pleasure ; may make and es- 
tablish such by-laws, ordinances and resolutions, not being 
contrary to the laws of this state or of the United States, 
as may seem necessary for their regulation and government, 
and for the management of their affairs ; and they may do 
and execute such acts and things as may be necessary to 
carry into effect the purposes of this act. 

§ 2. All persons who shall at any time be insured in this 
association, shall be members thereof, and, as such, shall 
equally be entitled to vote and hold any office within the 
gift of said association, so long as they shall remain mem- 
bers, by being insured therein ; and they shall, at all times, 
be bound by the provisions of this act and all the regulations 
and by-laws of said association. The affairs of said associa- 
tion shall be managed by the president, vice president, sec- 
retary, treasurer, and five auditors, who shall constitute a 
board of directors — said officers to be elected annually, by 
ballot, from among the members of the association, and 
shall remain in office until their successors are chosen, and 
a inajority of such board shall constitute a quorum for the 
transaction of business. 

[§ 3.] The directors of said association shall be elected 
on the first Monday in March, at such hour and place as 
the association shall prescribe in their by-laws. 

[§ 4.] Such election shall be held under the inspection of 
three members, not candidates for office, appointed previous 
to each election, by the members present; but, in case of 
no election on the above named day, then it shall be lawful 
to hold such election any Monday, by giving at least ten 
days' notice by posting notices in at least four of the most 
public places in town. 

§ 5. The board of directors shall have power to make 
all necessary rules and regulations for the transaction of 
business of the association, during their term of office. 
They shall meet at the office of the secretary, at such times 
as the interest of the association, in their judgment, may 
require ; and they shall meet at any time on the call of the 
president, secretary and seven other members of the associa- 
tion, one day's notice being given them. They shall have 
power to prescribe forms for surveys and policies, and to 
regulate the rates of insurance, with the approval of the 
association, in special or general meetings. 

§ 6. Said association may make insurance on all kinds 
of property against loss or damage by fire, lightning, wind, 
and horse thieves. 

§ 7. Anj^ person owning property in this town may be- 
come a member of said association, and be insured therein, 



INSUKANCE COMPANIES. 139 

on their executing to the association their application and 
premium note for the amount fixed by the association on 
their policy, for the purpose of equalizing assessments for 
the payment of losses and expenses ; and the insured shall 
be bound to pay all such sums as may be assessed on the 
amount of such premium note, by the directors, for the pay- 
ment of any loss or losses sustained by any member of the 
association, as prescribed for by this act. 

§ 8. The directors of said association may levy such Assessments. 
assessments, at any time, upon the premium notes, as shall 
become necessary for the payment of losses and expenses. 

§ 9. Any member of this association who shall refuse Eefusai to pay. 
or neglect to pay the amount of assessment claimed, for 
more than thirty days after notice of such assessment — no- 
tice to be given in the manner prescribed by the by laws of 
the association — then his, her or their policy shall be null 
and void until such payment is made; and the association 
shall be entitled to sue and recover, in any court of justice 
in Cook county, the amount of such assessment and expen- 
ses ; and the certificate of the secretary of said association, 
stating the amount of such assessment, together with the 
application and premium note of the insured, shall he prima 
facie evidence, and conclusive in all courts and places what- 
soever. 

§ 10. This association shall have power to issue policies 
for any term of time not exceeding five years. 

§ 11. The board of directors shall be bound to make out ^°"^^"°'J ^"i 

11 T ^ 1 ji- • payment of 

assessments, collect and pay over the same to the suiiering assessments. 
member, for whose benefit such assessment shall have been 
made, and report, quarterly or annually, as prescribed by 
the by-laws. 

§ 12, Any member of said association suffering loss or Losses. 
damage on any of his, her, or their property, shall not be 
entitled to recover to the valuation, as placed in his, her, or 
their application, but as valued by appraisers appointed ac- 
cording to the tenor of their policy, as follows : one by the 
board of directors, one by the party suffering loss or dam- 
age, and one by the first two chosen ; but their decision 
shall be subject to an appeal to the association, as regulated 
by the by laws or the circuit court of Cook county. 

§ 13. Whenever applications to the amount of ten thou- organization, 
sand dollars shall have been made, the company may pro- 
ceed to organize ; and if such organization be not effected 
within one year from the passage hereof, then this act shall 
be null and void. 

§14, The said association shall insure no property out- Location of 
side of the limits of said town ; nor shall any persons hold sured"^ '^' 
any office in said association who is not at the same ti:i_e a 
resident of the town. 

§ 15. Unless said company shall be organized within subject to geu- 
two years after the passage of this act, then this act shall faws/et'^^''^^ 



140 * INSUKANCE COM^^NIES. 

be null and void. And nothing herein contained shall be 
construed so as to permit said company to do a banking 
business, or exempt said company from the operation of such 
general laws as may hereafter be passed upon the subject of 
insurance companies. 

§ 16. This act shall be deemed a public act, and shall 
be liberally coustrued for the purposes therein mentioned, 
and shall be in force from and after its passage. 

Appkoted February 25, 1867. 



In force Feb'y AX ACT to amend an act entitled "An act to incorporate the Mutual Life 
25, 1S6<. Insurance Company, of Chicago," approved February 16th, 1865. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly^ That the 
tirst section of the said act, to which this act is an amend- 
changeofname ment, be and the same is hereby so amended that the name 
" j^orth-Western Mutual Life Insurance Company" be and 
the same is hereby changed to "The Mutual Life Insurance 
Company, of Chicago. 

Capital stock. 

Chicago, is hereby authorized and empowered to raise and 
have a capital stock, not exceeding two hundred thousand 
dollars ; -which shall be subject to the same liabilities as 
other assets of the said company, and shall be a guarantee 
fund for the payment of all losses on policies, both in its 
stock and mutual departments. 
Division oi § 3. The said company may divide its business into two 
business, departments, to be designated as "Stock Department" and 
"Mutual Department," respectively; and may transact busi- 
ness either upon the mutual or joint stock principle, or 
both ; and, when so divided, each departmeut shall be kept 
separate and distinct from the other : and all protits of the 
stock department shall accrue to the benefit of its stock, and 
all profits of the mutual department shall go to the benefit 
of that department, except as hereinafter provided. 
Subscription to § -i- The executive committee of Said company are here- 
stock, jjy authorized to open, at the office of the company, in Chi- 
cago, and at such other places as they may determine, books 
of subscription to the said capital stock ;" which stock shall 
be divided into shares of one hundred dollars each, and shall 
be deemed personal property, transferable only on the books 
of the said company. 
Subscription- § 5. The Said books of subscription shall remain open 
amount ot until the sum of ouc hundred thousand dollars shall have 
been subscribed, and at least ten per cent, thereon paid in 
in cash, and the remaining ninety per cent, secured by 



INSURANCE COMPANIES. 141 

United States bonds, or other bonds, at their market value, 
or by mortgage on real estate of at least double the value 
of the amount secured; at which time the said company- 
shall be authorized to commence business on the stock plan organization 
and issue policies based on such capital. And the said guar- ^°*^ businesa. 
antee capital stock shall be entitled to receive from the said 
mutual department, as compensation for the guarantee thus 
afforded, seven and three-tenths (7 3-10) per centum per 
annum, payable semi-annually, on the amo^unt of the same. 

§ 6. The said company shall have the right, at any time Retiring capi- 
after the lapse of five years from the date of the approval ^^^ stock, etc. 
of this act, to purchase and retire all or any portion of the 
said capital stock. 

§ 7. The said executive committee may make such by- B-iawsetc. 
laws, rules, and regulations, in regard to the terms of issuing 
stock policies, and the notice, time or manner of making or 
collecting subscriptions to said capital stock, as they shall 
deem expedient ; and shall have power to sue for and re- 
cover any such subscriptions or installments thereof. 

§ 8. At the first annual election of the board of trustees, pian ot bu3ine8» 
after said company shall have obtained subscriptions to its 
capital stock to an amount authorizing it to commence busi- 
ness on the stock plan, and at each succeeding annual 
election, at least one-half of the members of said board shall 
be chosen from the stockholders ; and the members of said 
board shall all be either holders of stock or mutual policies 
in said company, and in ceasing to hold such, shall cease to 
hold said office. 

§ 9. So much and such parts of the act to which this conflicting acts 
act is amendatory as are inconsistent with the provisions of ^^^^^ 
this act are hereby repealed. 

§ 10. This act and the act of which the same is amend- construction ©i 
atory, shall be deemed and taken to be, in all courts of jus- ^'^^^ 
tice in this state, public acts, and be liberally construed' for 
the purposes therein set forth, and the former shall take 
effect and be in force from and after its passage. 

Approved February 25, 1867. 



AN ACT to incorporate the German Mutual Fire Insurance Companj, of In force Feb'y 
North Chicago. 19. 1867. 

Section I. ' Be it^ enacted hy the People of the State of 
Illinois, represented in the General Assembly, That William corporators, 
Daesman, president, Matthias Franzen, vice president, Peter 
Schmidt, treasurer, Matthias Brand, secretary, and Henrich 
Rose, Joseph Mann, and Joseph Schneider, janitors, and 
all other persons who now are or may hereafter associate 



142 INSUKAKCE COMPANIES. 

with them, in the manner hereafter prescribed, shall be a 
body corporate and politic, by the name and style of " The 
style. German Mutual Fire Insurance Company, of Korth Chi- 

cago ; " and, by that name, may sue and be sued, appear. 

Powers. prosecute and defend in any court of record, or other court 

or place whatsoever; may have and use a common seal, 
and alter and renew the same at pleasure ; may purchase 

Real estate. and hold such real and personal estate as may be necessary 
to effect the object of this association, and sell and convey 
the same at pleasure ; may make, establish and put into ex- 
ecution, such by-laws, ordinances, and resolutions, not being- 
contrary to the laws of this state or the United States, as 
may seem necessary and convenient for their regulation or 

Government government, and management of their affairs, and do and 

and afiairs. gxecute all such acts and things as may be necessary to carry 
into effect the purposes intended in this act. 

Insured persons | 2. All persous who shall, at any time, be insured in 

Shan be mem- ^j^^^ company, shall be members thereof during the continu- 
ance in fact of their respective policies, and no longer, and 
shall, at all times, be bound by the provisions of tliis act 
and the by-laws and the regulations of said company. 

Directors. § 3. The affairs of said company shall be managed by 

a board of seven directors, of whom one shall be president, 
one vice president, one treasurer, one secretary, and three 
janitors, who shall be chosen every year from among the 
members of said company, and who shall hold their offices 
until their successors shall have been elected, and a majority 
of whom shall constitute a quorum for the transaction of 
business. 

Biay insure, § 4. Tliis compauy may make insurance on all descrip- 

tions of property, against loss or damage by lire, and may 

May re-insurc. causc thcmsclves to be re-insurcd upon the whole or any 
part of any risk in which they may have made insurance. 

Insurance rates. | 5. The ratcs of iusurancc shall be fixed by the board 

Premium notes, of dircctors of Said compauy. Premium notes may be re- 
ceived from the insured, which shall be paid at such time 
and times, and in such sum or sums as the directors shall 

Losse.spa!d, require, for the payment of losses and expenses; and it 
shall be the duty of the insured to deliver such premium 
note, at the time he receives the policy Irom the company, 
to the president or other person authorized by the by-laws 
of this company to receive the same. 

Assessments on § 6. The directors of said company may levy an assess- 
premiutn notes meiit upon the premium notes, at any time they may deem 
it necessary, for the payment of losses and expenses. 

Proportion of § 7. The members of this company shall be and are 
losses. hereby bound to pay their proportion of all losses and ex- 

penses happening and accruing during the time for which 
their policies were issued, to the amount of their premium 
notes. 



INSURANCE COMPANIES. 143 

§ 8 When any assessment is made on any premium Neglect to pay 
notes given to the said company, and the maker thereof prem'umnot'J's 
shall neglect or refuse to pay the amount claimed by said 
company for the space of twenty days after the notice of 
such assessment, (which notice shall be given in a manner 
prescribed by the by-laws of this company,) his, her or their 
policies shall be suspended until payment shall be made ; 
and in case an action is brought for the recovery of any 
assessment due said company, the certificate of the secretary 
of said company, statmg the amount of such assessment, 
shall be taken and received as jprima facie evidence in all 
courts and places whatsoever. 

§ 9. All statements made on any application for insu- wan-anty. 
ranee shall be binding upon the applicants and a warranty 
upon his, her or their part. 

§ 10. The persons named in the first section of this act First directors 
shall be the officers and directors of said company until ^J^^ officers, 
others are chosen. The officers and directors of this com- Election of oib- 
pany shall hereafter be chosen at such time and place and ^"^ ^'^^ ^^^^''' 
under such, regulations as the by-laws may declare. 

§ 11. All meetings of the board of directors and other Meetings. 
ofiicers of this company shall be called in the manner pre- 
scribed by the by-laws of said company ; and all vacancies 
may be tilled in such manner as provided for in said by- 
laws. 

§ 12. The office of said company shall be in the city of Home office. 
Chicago, in the county of Cook, and state of Illinois. • 

§'13. The company may charge each member such ad- Admission fee. 
mission fee as shall be prescribed by the by-laws. 

§ 14. If any member should intentionally set fire to his Poncy, when 
premises, and in case fire should happen thereon, caused '^°'''-' 
by great negligence of such member, the policy given by 
said company to such member shall be void. 

§ 15. This act shall be deemed a public act, and be liber- 
ally construed for the purposes therein mentioned, and be 
in force from and after its passage. 

Approved February 19, 1867. 



AN ACT entitled an act to incorporate the Dubois Insurance Company. jq joj-cq pebru. 

ary 20, 1S07. 

Section 1. Be it enacted hij the Peo;ple of the State of 
Illinois^ represented in the General Assembly, That Jesse it. 
Dubois, Ozias M. Hatch, Asa Eastman, Isaac Keyes, Pas- 
cal P. Enos, Edward K. Thayer, and John W. Bunn, and 
such other persons as may hereafter become stockholders 
in the corporation hereby created, their successors and as- 
signs, be hereby created a body corporate and politic, under 



144 



INSURANCE COMPANIES. 



Kame and style the name ail d style "Dabois Insurance Copapany ;" and 

Privileges, etc. bj that name" have and enjoy all the rights and privileges 
and immunities that other like corporations have, and be 
recognized in all courts of justice and equity in this state, 
and shall continue in existence fift}^ years from the date of 
its organization. 

Capital stock, § 2. The Capital stock of said corporation shall be two 
hundred thousand dollars, to be divided into shares of one 
hundred dollars each, to be paid in such installments as the 
board of directors of said corporation may from time to time 
appoint and order, except as hereinafter provided. The 
said capital stock may hereafter be increased to an amoun t 
not exceeding five hundred thousand dollars, in the discre- 
tion of the board of directors; and the stock of said corpo- 
ration shall be transferable on the books of said corporation, 
and not otherwise. 

Subscription. § 3. Books of subscHption may be opened at the dis- 
cretion of the majority of the persons named in this act ; 
and when the amount of capital stock, as provided in the 
foregoing section, shall have been subscribed, and ten per 
cent, thereon paid up, and the remaining ninety per cent, 
shall be secured by mortgages on unincumbered real estate, 
worth double the amount secured, U. S. bonds, Illinois 
state bonds, national currency, or such other securities as 
may be requirad by any general insurance law of the state, 

Directors. and the subscribers shall have chosen seven directors, and 
said directors shall have chosen out of their number a 

Officers. president and vice president, and appointed a secretary, the 

company shall be held to be organized. 

§ 4. The said company shall have power, by instrument 
under seal or otherwise, to make insurance upon all de- 
scriptions of property against loss or damage by lire ; to 
make insurance upon all descriptions of boats and vessels, 
the cargoes and freights thereof, and upon bottomry and 
respondentia interest, against the perils of marine and 
inland navigation; to cause themselves to be re-insured 
against any risk upon which they may have insurance. 

Directors. § 5. The first boai'd of directors shall hold their office 

till the second Monday in January next succeeding the or- 
ganization of the company, and until their successors are 
elected ; and on the second Monday of January in each 

Elections. year an election of the directors thereof shall be held in the 
city of Springfield, at such time and place as the existing 
board of directors may prescribe. The stockholders in said 
corporation, in person or by proxy in writing, shall be en- 
titled to one vote for each share of stock held by them, 
respectively, at the time of such election ; and the persons, 
to the number of seven, being stockholders, receiving the 
highest number of votes at such election, shall be declared 
elected directors of said corporation for one year, and shall 
hold their offices until the next annual election, and until 



Business trans- 
actions and 
operations. 



INSURANCE COMPANIES. 145 

their successors are elected. A majority of the board shall 
constitute a quorum for the transaction of business. 

§ 6. The board of directors shall have power to fill any vacancies- 
vacancy that may occur in their own body. They shall LTeSs?^ 
choose, in the same manner, previous to the annual election 
of directors, three inspectors of such election, v/hose duty it 
shall be to canvass the votes cast thereat and declare the 
result. The said inspectors shall also be judges of the 
qualification of voters. N'otice of such election shall be 
given by publication in one or more daily newspapers pub- 
lished in Springfield, at least two weeks previous thereto, 
over the signature of an officer of the company. 

§ 7. The directors shall meet as soon as may be after Bieetings— 
every election, and shall choose out of their number a presi- P'^esi^ient, etc 
dent and vice president, who shall hold their offices until 
the next annual election of directors and their successors 
are chosen. They shall also have power to appoint a sec- 
retary and all subordinate officers of said corporation, to fix 
their compensation and prescribe their duties, and to make 
all needful rules and regulations for the government of said 
company. 

§ 8. All policies of insurance made by said corporation Adjustment o 
shall be subscribed by the president or vice president, and '°^^®^-s 
countersigned b}- the secretary ; and all losses arising under 
any policy so subscribed may be adjusted and settled by 
the president, vice president or secretary, under such regu- 
lations as the board of directors may from time to time 
prescribe. 

§ 9. The office of said company shall be located in the Location of 
city of Springfield ; but the officers may appoint such °®°^' 
agents in other places as they may deem expedient. 

§ 10. The board of directors may, from time to time, Dividends, 
in their discretion, estimate the net earned profits that 
have accrued on the business of the company, and declare 
such a dividend thereof as they may deem desirable. Such 
dividends shall be applied in payment of the capital stock 
subscribed until the amount subscribed by each share- 
holder shall have been paid up in full ; and so of the stock 
subscribed from time to time. "When the capital stock has 
been fully paid up, dividends may be declared to the stock- 
holders. 

§ 11. The company shall have power to use, invest and inrestment of 
loan its capital, or other funds, in or upon stocks, bottomry ''''^"^'' '*"• 
or respondentia, in or on bonds and mortgages, and on per- 
sonal security, at euch rates as private persons may legally 
do by the laws of the state. 

§ 12, Each shareholder in this corporation shall be indi- shareholders' 
vidually liable for the debts and contracts of said company "^^"'"«s. 
to the extent of his unpaid stock. 

§ 13. The stock in this corporation shall be deemed stock, etc. 
personal property, and no transfer shall be valid whUe the *''*'''^"*'''«- 
Yol. 11—10 



146 INSTJEANCE COMPANIES. 

holder is indebted to the corporation for installments due 
and unpaid or otherwise. 

Delinquents. § 14. If any Stockholder or subscriber to stock in said 

company shall, for the space of sixty days, neglect or refuse, 
after being duly notified for that purpose to pay in any in- 
stallment due from him for such stock, in manner directed 
and required by the board of directors, the said board shall 
be authorized to sell the stock of such stockholder or sub- 
scriber at public auction, giving at least thirty days' public 
notice of such sale; and the surplus money, the avails of 
such sale, after deducting the payments due and interest 
thereupon and the necessary expenses of sale, shall.be paid 
over to such delinquent stockholder. The purchaser of 
such stock shall be liable (unless the company shall be the 
purchaser thereof) for so much of said stock as shall remain 
uncalled for at the time of his purchase : Provided^ however^ 
that nothing herein contained shall prevent said company 
from suing for and recovering of the stockholders the 
amount of'calls upon their stoclv by action of debt or as- 
sumpsit. 

Banking busi- § 1^. ]^othing in this act contained shall authorize 
"prohib- ga^j(j corporation to receive deposits, or do a banking 
business. Unless said company shall organize within two 
years after the passage of this act, then this act shall be 
null and. void; and nothing herein contained shall be con- 
strued so as to exempt said company from the operation of 
sucli general laws as may hereafter be passed upon the sub- 
ject of insurance companies. 

§ 16. This act shall be deemed a public act, and shall be 
liberally construed for the purposes therein contained, and 
take effect from and after its passage. 
Appkoved February 20, 1867. 



In force Feb'y AN ACT to authorize the formation of Township Insurance Companies. 
20, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That it shall 
Persons may be lawful for any number of persons, not less than twenty, 
form corpora- j.ggj^j^^g j^^ ^^y towuship in tliis stato, who, collcctivcly, shall 
own property of not less than fifteen thousand dollars in 
value, which they desire to have insured, to form themselves 
into an incorporated company, for the purpose of mutual 
insurance against loss or damage by fire ; which corporation 
Powers shall posscss the usual powers and be subject to the usual du- 

ties and liabilities of bodies corporate and politic, and may sue 
and be sued, plead and be impleaded, defend and be defended 
in anv court of law or equity, in this state or elsewhere; 



ited. 
Organization. 



Construction of 
act. 



INSURANCE COMPANIES. 147 

aud the corporate name whereof shall embrace the name of 
the township in which the business office of said company 
shall be located. 

§ 2. Every company so formed shall choose of their Directors, 
number not less than live nor more than nine directors to 
manage the affairs of such company, who shall hold their 
office for one year and until others are elected ; and such 
directors shall choose one of their number president and 
one secretary. 

§ 3. The directors of such company shall file their ar- ArtkiPs of ar- 
ticles of association, together with a copy of their by-laws reeorcTs!^" 
and the names of the otficers ofsuch company, in the clerk's 
office of the town in which the office of such company is lo- 
cated, and shall keep a record of their proceedings in a 
book to be kept for that purpose, together with the names 
of all persons insured, and the amount each person is in- 
sured, and the class of risks to which each insurance belongs ; 
which record shall be open for the inspection of all the 
members of such company, from the hour of nine o'clock, 
A. M., to four o'clock p. m., of each secular day, the estab- 
lished holidays excepted, 

§ 4. The directors of such company may issue policies. Policies. 
signed by their president and secretary, agreeing, in the 
name of such company, to pay all damages which may be 
sustained by fire for a term not exceeding five years by the 
holders of such policies, not exceeding the sum named in 
said policy, and which shall in no case exceed the sum of 
three thousand dollars on any one risk. 

§ 5. Every person so insured shall give his obligation, obligation. 
in writing, bearing even date with the policy so issued to 
him, binding himself, his heirs and assigns, to pay his pro 
raUb share to the company of all losses by fire which may 
be sustained by any member thereof— the said payment to 
be estimated on the basis of the amount insured and the Basis, 
class of the risk, as classified by the directors of said com- 
pany; and every such obligation shall, within five days af- 
ter the execution thereof, be filed by the secretary of such when filed, 
company in the office of the clerk of the township in which 
the office of such company is located, and shall remain per- 
manently on file in such office, except when required to be 
produced in court, as evidence. He shall, also, at the time 
of effecting insurance, pay such per centage, in cash, and payment, 
such reasonable sum for a policy as may be required by the 
rules or by-laws of the company. 

§ 6. Every member ot such company, who may sus- Losses, etc. 
tain loss or damage by fire, shall immediately notify the 
president of such company, or, in case of his absence, the 
secretary thereof, who shall forthwith convene the directors 
of such company, whose duty it shall be, w^hen so convened, 
to appoint a committee of not less than three nor more than 
seven members of such company, to ascertain the amount 
■of such loss ; and, in case of the inability of the parties to 



148 



INSURANCE COMPANIES. 



agree upon the amount of such damage or loss, the claim- 
ant may appeal to the county judge of such county, whose 
duty it shall be to appoint three disinterested persons, as a 
committee of reference, who shall have full authority to ex- 
amine witnesses and to determine all matters in dispute ; 
who shall make their award in writing to the president, or, 
in his absence, to the secretary of such company ; which 
award thereon shall be final. The said committee of refer- 
ence shall each be allowed the sum of two dollars per day 
for each day's service so rendered and five cents per mile 
for every mile necessarily traveled in the discharge of such 
duties; which shall be paid by the claimant, unless the 
award of said committee shall exceed the sum ofiered by the 
company in liquidation of such loss or damage, in which 
case said expenses shall be paid by the company. 

Classification of § 7. The Companies formed under the provisions of this 
property. ^^^ _^^^^ classify the property insured therein, at the time 
of issuing policies thereon, under different rates, corres- 
ponding as nearly as may be to the greater or less risk from 
tire and loss which may attach to each several building in- 
insured. Whenever the amount of any loss shall have been 
ascertained, which exceeds in amount the cash funds of the 
company, tlie president shall convene the directors of said 
company, who shall make an assessment upon all the pi'op- 
erty insured, according to the amount for which each seve- 
ral piece of property is insured, taking into account the rate 
oi premium under which it may have been classified. 

President, g g. It sliall be the duty of the president, whenever 

such assessment shall have been completed, to immediately 
notify every person composing such company, by letter sent. 
to his usual postofiice address, of the amount of such loss 
and the sum due from him as his share thereof, and of the 
time when and to whom such payment is to be made; but 
such time shall not be less than sixty nor more than ninety 
days from the date of such notice; and eve^y person desig- 
nated to receive such money shall immediately pay the 
sum over to the person who shall have sustained the loss 
or damage, without charge for his service as collector. 

§ 9. Suits at law may be brought against any member 
of such company who shall neglect or refuse to pay any 
assessment made upon him by the provisions of this act ; 
and the directors of any company so formed, who shall 
-willfully refuse or neglect to perform the duties imposed 
upon them by the foregoing sections of this act, shall be 
liable, in their individual capacity, to the person sustaining 
fiuch loss. 

§ 10. No company formed under this act shall insure 
any property out of the limits of the townshipin which the 
ofiice of the company is located, except that in thinly settled 
townships, where there are not the required number of per- 
sons who desire to organize under the provisions of this 



Assessments- 
liabilities of 
stockholders 



Insurance limit 



INSrRANCE COMPANIES. 149 

act, the inhabitants may connect themselves with a com- 
pany orejanized or about to organize in any adjoining town- 
ship ; nor shall any company formed under this act'insure 
any property other than detached dwellings and their con- 
tents, and farm buildings and their contents ; nor shall they 
insure any property within the limits of any incorporated 
city of this state. 

§ 11. The directors of each company so formed shall Election, 
be chosen by ballot, at the annual meeting thereof; which 
shall be held on the tirst Monday of January, in each year; 
and every person insured shall have one vote for eacli two 
hundred and fifty dollars which he may be insured. 

§ 12. It shall be the duty of the secretary of every com- Annual state- 
pany as aforesaid to prepare a statement, showing the con- '"'■°'^" 
dition of such company on the day preceding their annual 
meeting ; which statement shall contain the amount of prop- 
erty insured, the number of policies issued and to whom, 
and the amount insured by each policy, and all other mat- 
ters pertaining to the interests of such company ; which 
statement shall be filed in the office of the town clerk of the 
township in which said company may be located, on or be- 
fore the fifteenth day of January in each year ; and which 
statement shall also be read to the members of said com- 
pany at their annual meeting. 

§ 13. Any member of such company may withdraw withdrawal of 
therefrom, at any time, by giving notice in writing to the '"*^'"'^''''^- 
president, or, in his absence, to the secretary thereof, and 
paying his share of all claims then existing against said 
company ; and the directors, or a majority thereof, shall 
have power to annul the policy of such withdrawing member. 

§ 14. Non-residents of any township in this state, ovfn- ^on-residents. 
ing property therein,' may become members of any com- 
pany formed under this act, and shall be entitled to all rights 
and privileges apportainina; thereto, except that it .shall not 
be lawful fur sifch non resident to become a director in said 
company, unless he be, at the time of such membership, a 
resident of a town adjoining the town in which said com- 
pany has been formed under the provisions of this act. 

§ 15. The company so formed may adopt such by-laws By-iaws, 
lor its regulation as are not inconsistent with the provisions 
of this act, and may therein prescribe the compensation of 
any of its officers. 

g 10. This act shall apply to those counties which have Application of 
adopted the township organization, in accordance with the 
existing laws of this state, and to no others. 

§ 17. ISTo company formed under the provisions of this other business 
act shall carry on any other business than that of insurance p'"^^''^"'''^- 
against damage or loss by fire. 

§ 18. This act shall be in force from and after its passage. 

Approved February 20, 1867. 



160 mSUKANCE COMPANIES. 



lu force Feb'y AN ACT to amend an act entitled " An act to incorporate the Commer- 
20, 1867. cial Insurance Company." 

Section 1. Be it enacted ly the Feojple of the State of 
Illinois, represented in the Genei^al Asseinlly, That the 
Amend sec. 2. second SGCtion of the act to which this is an amendment, be 
so amended that the board of directors therein named may, 
Capital stock— in the manner therein provided, increase the capital stock 
of said company to any amount, not exceedino; the sum of 
Books of sub. one million of dollars, and may open books for the sub- 
scription, scription of such increased capital stock, as by said act is 
provided for the subscription of the original capital stock of 
said company. 
Directors. | 2. The affairs of said company shall be managed by 

a board of directors, not less than nine in number, to be 
elected by the stockholders, as in said act provided ; and it 
shall be competent for the present or any future board of 
directors, at any meeting of said board, to increase the 
Increase of. number of Said directors, as they may deem tit. Said addi- 
tional directors, whenever ordered and determined on by 
said board of directors, shall be elected by the stockholders 
of the said company, in such manner as the said board of 
directors may, by their by-laws prescribe, and who shall 
hold their office until the next annual election of directors, 
as in said act provided. 
Name and style § 3, The name and style of the corporation to which 
this act is an amendment shall be "Commercial Insurance 
Company of Chicago.'' 
Banking forbid. | 4. IS^othing ill this act or in the act of which this is 
an amendment, shall be construed so as to permit said com- 
pany to do a banking business, or exempt said company 
from the operation of such general laws as may hereafter 
be passed upon the subject of insurance companies. 

§ 5. This act shall be deemed a publia act, and shall 
take effect and be in force from and after its passage. 
Approved February 20, 1867. 



In force Feb'y AN ACT to incorporate the Union Insurance Company. 

21, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the G-eneral Assembly, That li. 
Corporate name Prathcr, J. Millikiu, A. T. Hill, T. O. Smith, J. K. Gorin, 
and powers. -j^_ Buri'ows, S. Wait, J. Ulrich, D. Shellabarger, George 
W. Bright, G. W. Morrill and A. B. Cochran, and their 
associates, successors and assigns, be and they are hereby 
created a body corporate and politic, by .the name and style 



INSUKANCE COMPAiflES. 151 

of "Union Insurance Company;" and by that name and 
style may sue and be sued, plead and be impleaded, appear, 
prosecute and defend in any court of record or any other 
court or place whatsoever ; and may have and use a com- 
mon seal, and alter, break and renew the same at pleasure. 

2. The said company shall also have power and '^° *^^® '■'^'^^• 
authority to take risks and make insurance on all kinds of 
property against loss or damage by fire, lightning, wind, 
tornado or flood, and the risks of inland navigation and 
transportation, and any other kind of risk that they may 
deem proper, and charge and receive such premiums there- 
for as may be agreed upon by and between the parties ; and 
may use and invest or loan its capital or surplus fands in 
such a way and manner as the directors may deem the in- 
terest of the company require, at such rates as private per- 
sons may legally do by the laws of this state; but shall not 
be construed as granting banking privileges. They may 
also cause themselves to be re-insured against loss or dam- 
age upon any or all risks taken. 

§ 3. The persons named in the first section of this act Directors, 
shall be the first board of directors, and shall hold their 
office until the first Monday in January next after the or- 
ganization of the said company. The subsequent board of 
directors shall consist of not less than five stockholders, 
which number may be increased at any election. Annual 
elections of the said company shall be held at the office of 
the company, on such a day, in the month of January, as 
the directors may deem proper. Each stockholder shall be vote of stock- 
entitled to one vote for each share of the capital stock held ^°^'^^^^- 
by him. Stockholders may vote in person or by proxy, as 
provided for in by-laws. The board of directors may ap- 
point three of their number to act as an executive commit- 
tee, which committee shall have all the power of the board, 
when the board of directors are not in session. And said 
directors may fill any vacancies occurring in the board of 
directors or executive committee. 

§ 4. The board of directors shall elect from their num- officers. 
ber a president, vice-president and treasurer ; a secretary, 
general agent and other officers may be appointed by the 
board of directors or executive committee, upon such terms 
as may be agreed upon. The duties of officers and agents 
shall be prescribed by by-laws. 

^ 5. The capital stock of said company may be increased capital stock, 
to five hundred thousand dollars, and shall be divided into 
equal shares of one hundred dollars each, and shall be se- 
cured by mortgages on unincumbered real estate, United 
States bonds, Illinois state stock, or national bank currency, 
or such other securities as may be required by any general 
insurance law of this state. And as soon as one hundred when to com- 
thousand dollars shall have been subscribed and secured, as ™^g°^® *^"*'" 
above provided for, and ten per cent, actually paid in, the 



152 INSUKANCE COMPANIES. 

directors of the said company may commence to issue poli- 
cies and transact the general business of the company. 
And each stockholder shall be liable to the amount of his 
subscription to the capital stock, and no more. 

Books of 8ub- § 6. Books of subscription to the capital stock of said 

scnption. company shall be opened by the direction of a majority of 
the persons named in the first section of this act, iivii-.g at 
the time of said company's organization, which shall be 
done within two years from the passage of this act, or the 
rights herein granted shall be forfeited. 

Place of office. | 7, The liomo office of the said company shall be in 
the city C)f Decatur, county of Macon, state of Illinois : 
Promding ^ however^ a majority of the directors may at any 
time deem it to the interest of the company, they shall 
have power to remove it to any other place in this state, 
and may carry on business in any other place by agency. 

Banking forbid. § 8. JN othiug herein contained shall be construed so as 
to permit said company to do a banking business, or ex- 
empt said company from the operation of such general 
laws as may hereafter be passed upon the subject of in- 
surance companies. 

§ 9. This act shall be deemed a public act, and the 
power granted perpetual, and shall take effect and be in 
force from and after its passage. 
Approved February 21, 1867. 



In force Feb'y AN ACT to amend the charter of the National Accident and Life Insurance 
21, 1S67. Company. 

Section 1. Be it enacted hy the People of the State of 
nUnois, rejjresented in the General Assemhly, That the 
?same ehanc'ed i^a,me of Said Company be changed to the "I^ational Life 
Insurance Company;" and that the home office of said com- 
pkce of office. P^'^J ^^^^^^>- he in the city of Chicago, and state of Illinois. 
Act repealed. ' § ^- That SO much of the act to which this is an amend- 
ment as is inconsistent with this act be and the same is here- 
by repealed. 

§ 3. This act to take effect from and after its passage. 
Approved February 21, 1867. 



INSURANCE COMPANIES. 153 



AN ACT to amend the charter of the Travelers' Insurance Company of Chi- In force Feb'y 
cago, Illinois. " -^' ^^'^^• 

Section 1. Be it enacted ly the People of the SState of 
Illinois, re])'fesented in the General Assembly, That the 
name of the " Travelers' Insurance Company of Chicago, 
Illinois," be and the same is hereby changed to " Chicago ^-ame changed. 
Life Insurance Company ;" such change in nowise to affect 
any of the acts and things done by said company previous 
to the passage of this act. 

§ "2. The said company shall have power to make insu- Powers. 
ranee upon the lives of individuals and upon the lives of 
persons connected by marital relations to the persons ap- 
plying for insurance, and also upon the lives of persons in 
whom the applicant has a pecuniary interest, as creditor or 
otherwise ; to secure trusts, grants, annuities and endow- 
ments, and purchase the same, in such manner and for such 
premiums and considerations as the board of directors or 
executive committee shall direct. The board of directors 
may collect and sell its securities and re-invest the proceeds 
thereof, and may accumuLite a contingent capital, by re- 
ceiving conditional notes for insurance, at the time of insu- 
ring any person or persons ; such notes to be paid in the 
way and manner provided for in the note or notes and by 
the by-laws of the said company, and said notes shall not 
be taxed until paid. 

§ 3. Whenever the cash accumulations of said company cash acoumu- 
shall amount to one hundred thousand dollars, over and tract^r*^°'^' 
above the paid up capital stock of said company, it shall be 
lawful for the directors of said company to retire the paid 
up capital stock, and conduct the future business of said 
company on the plan ot mutual life insurance. Contracts 
of insurance may be made on such terms and conditions 
and for such periods of time as shall be, from time to time, 
ordered and provided for by the by-laws of said company 
and agreed upon in the contracts for insurance. 

§ 4. Section fourth of the charter of the Travelers' In- sec. 4 amended. 
surance Company is hereby made to read as follows : " The 
directors of said company may appoint three of their num- 
ber an executive committee, who shall have all the powers 
of the board of directors, when the board of directors is 
not in session. Said company may divide insurance into 
classes, and. the premiums received shall be appropriated to 
the payment of losses and expenses of the class to which 
they belong ; and may conduct insurance both upon the 
plan of stock and mutual life insurance." 

§ 5. This act and the act to which this is an amend- subject to geu- 
ment shall not be deemed to exempt said company from the flws,"^^"^^"'^* 
operation of such general laws as may be hereafter enacted 
by the general assembly on the subject of life insurance. 



154: 



INSUEANCE COMPANIES. 



§ 6. This act Rliall be deemed a public act, and shall be 
liberally construed for the purpose therein mentioned, and 
shall take effect and be in force from and after its passage. 

Approved February 21, 1867. 



In force March AN ACT to incorporate the Montgomery County Fire Insurance Company. 

Section 1. Be it enacted hj the Peojyle of the State of 
Illinois^ represented in the General AssemUy, That Edward 

corporatcrs. J. Ricc, Eichard W. O. Bannon, Filmon Shore, Beniamin 
C. Beardsley, Winfield S. Palmer, William I. Elliott, 
Albert II. Brown, John T. Madden, and Robert W. Davis, 
and all other persons who shall hereafter become stock- 
holders in the corporation hereby enacted, shall be a body 

Name and style politic and Corporate, by the name of " The Montgomery 
County Eire Insurance Company ; " and, by such name, 
shall have succession, and continue in existence for fifty 
years, from the time this act shall take efiect ; and may sue 
. and be sued, and have all other rights and privileges ordi- 
narily granted to corporations. 

Capital stock. | 2. The Capital stock of said corporation shall be fifty 
thousand dollars, to be divided into shares of fifty dollars 
each. The said capital stock may hereafter be increased to 
an amount not exceeding two hundred thousand dollars, in 
the discretion of the board of directors ; and the stock of 
said corporation shall be transferable on the books of said 
corporation, and not otherwise. 

powere. § 3, The Said corporation may have and use a common 

seal, which they may change, alter, or break at pleasure ; 
and may also make, establish and put in execution such by- 
laws, ordinances and regulations as shall, in their opinion, 
be necessary for the good government and management of 
the afli'airs of said corporation, and which are not repugnant 
to the laws and constitution of the United States or of this 
state. 

§ 4. The stock of said company shall be paid in the 
following manner, to-wit : At the time of subscribing, at 
least ten per cent, shall be paid in in cash, and the remain- 
ing ninety per cent, shall be secured by mortgages upon 
unincumbered real estate, worth at least double the amount 
secured, or by United States bonds, or Illinois state bonds. 
§ 5. The stock and afi'airs of said company or corpora- 
tion, aforesaid, shall be managed and conducted by nine 
directors, who shall be stockholders ot said corporation. 
They shall, after the first year, be elected on the first Mon- 
day in January in each year, at such time and place, in the 
city of Litchfield, as the board of directors for the time 



Payment 
stack. 



INSUEAISrCE COMPANIES. 165 

being, shall appoint, and shall hold their offices for one year 
and until others shall be chosen to supply their places, and 
no longer. Ten days' public notice of said election shall 
be previously given ; and the election shall be held under 
the inspection of three stockholders, to be previously ap- 
pointed by the board of directors for that purpose ; and 
shall be made by ballot, by plurality of the stock represent- 
ed, allowing one vote for every share ; and stockholders not 
personally present may vote by proxy, mailed, in v^riting, 
and directed to the person representing them at such elec- 
tion. In case that it shall happen at any time that an election 
of directors shall not be m.ade on any day, when, pursuant 
to this act, it ought to have been made, the said corporation 
shall not for that cause be deemed to be dissolved, but it 
shall and may be lawful, on any other day, to make and 
hold an election of directors, in such manner as shall be 
directed by the by-laws and regulations or ordinances of 
said company. 

§ 6. The directors of said company shall, as soon as President. 
may be after their election, in each year, proceed to choose 
out of their body, one person to be president, who shall 
preside until the next annual election thereafter ; and in case 
of the death or resignation of the president, or any direc- 
tor, the vacancy may be filled by the board of directors ; 
and in case of the absence of the president, the board of 
directors shall have power to appoint a president ffo tem.^ 
who shall have all the powers, and perform all the duties of 
the president regularly chosen, 

§ 7. The directors may, by the ordinances or by-laws Assistants. 
of said company, order what number of directors shall con- 
stitute a board or quorum, and be competent for the tran- 
saction of the business of the corporation ; and rhey shall 
have power, subject to said .by-laws, to appoint, from their 
own body, one or more persons to act and assist in the per- 
formance of the business of the company, with such salaries 
and allowances as they may think proper, and also to ap- 
point a secretary, and such clerks and other servants as they officers, etc. 
may deem expedient. They shall have the power to de- 
clare and make dividends of the profits arising from the 
business of said corporation ; but all contracts, certificates, 
and other instruments of writing of said corporation, shall 
be signed b}'- the president and secretary thereof, or either 
of them, as may be provided by the by-laws of said com- 
pany. 

§ 8. The corporation hereby created shall have full pow- Business and 
er and authority to take all marine risks, of any and every ^P^'^'^ti'^^s- 
kind, nature and description, and to make insurance upon 
inland navigation and transportation, and against losses by 
iire of buildings and other property whatsoever ; and also 
to receive money on deposit from the stockholders only, 
and to luan the same and their surplus or unemployed cap- 



156 INSURANCE COMPANIES. 

ital or money, on personal, real or other security, at such 
rates of interest, not exceeding ten per cent., as they may 
think proper ; and to lend money upon respondentia and 
bottomry, to companies, corporations or individuals, upon 
such securities as they shall think proper. They may, also, 
cause themselves to be insured or re-insured against all and 
any risks upon which they may have made insurance, and 
also upon all property of every kind, or any interest there- 
in, owned by said company, or held by them as security ; 
and, generally, to do or perform all necessary matters and 
things relating to or connected with those objects, or either 
of them. 

^aw^ '''^"^^«''- § 9. The stock of said corporation shall be considered 
personal property, and shall be assignable and transferable 
according to such rules and restrictions as the board of direc- 
tors shall from time to time make and establish. 

May hold real § 10. The Said Corporation may purchase, hold, sell and 

esu e, etc. couvcy, at their pleasure, all such real estate as may be 
deemed necessary for the transaction of its business, not 
exceeding at any one time thirty thousand dollars ; and to 
take and hold any real estate, mortgaged or pledged 
as security for the payment of any debt due, or that may 
become due to it; and, also, to purchase, on sale, in virtue 
of any judgment at law, or any decree of a court of equity, 
or otherwise ; to take and receive any real estate or other 
property, in payment or towards satisfaction of any debt 
previously due to said corporation, and to hold the same 
until they can conveniently and advantageously sell or con- 
vert the same into money or other property. 

^mS"°and°s! § ^^^ That Said Corporation shall have full power and 
' authority to deposit any portion of their unemployed cap- 
ital or other funds, at anj time in their possession, with any 
corporation, company, or indivixlual, in any section of the 
United States, and to use the same as they may think prop- 
er, in order to facilitate exchanges ; and to do and perform 
all such acts and things as maj^ be requisite in all such tran- 
sactions, and for the best interest of said corporation. 

Policies signed. g 12. All poUcics of iusurancc by them made shall be 
subscribed by the president, or, in case of his death or ab- 
sence, by such other person as may be authorized, and 
countersigned and sealed by the secretary of said company; 
and all losses arising under any policy so subscribed and 
sealed may be adjusted and settled by the board of directors 
or such other person or persons as said board may appoint 
for such purposes. 

sto^e^kiiowers' § 13. In casc of any loss or losses, whereby the capital 
stock of said company may be lessened before all the install- 
ments are paid in, each proprietor's or stockholder's estate 
shall be held accountable for the installments that may re- 
main unpaid on his share or shares at the time of such loss 
or losses taking place ; and uo subsequent dividend shall 



mSUKANCE COMPANIES. 157 

be made until the snm arising from the profits of the business 
or by advance of the stockholders, to make good said cap- 
ital stock, shall have been added thereto. 

§ 14. The business of the company shall be carried on piaoe of business 
at such place in the city of Litchfield, or elsewhere by agen- 
cy, as the directors shall direct, and at such agencies as tliey 
may establish. 

§ 15. This act shall be and it is hereby declared to be construction of 
a public act; and the same shall be construed liberally for ''*"*• 
the beneficial purposes herein granted ; and the corporation 
hereby created shall take eifect and be in force from and 
after the passage thereof, and shall continue in force for the 
term of fifty years, and no longer. 

§ 16. This charter shall be void and of no efi'ect, unless when to organ- 
the company shall commence operations, agreeable to the 
provisions thereof, within two years after the passage of 
this act. This act shall be subject to any general law of 
this state hereafter passed on the subject of insurance or 
insurance companies. 

§ 17. That nothing contained in this act shall be so con- Banking forbid. 
struecl as to authorize said company to do any banking busi- 
ness, or to issue any certificates of deposit, to ch'culate as 
money or currency. 

Approved March 5, 1867. 



AN ACT to incorporate the Home Insurance Company of Chicago. in force MarcJs 

5, 1S6T. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Charles 
Walker, James Launder, Michael Keely, Isaac R. Diller, 
Peter Smyth, Anton Berg, Robert Stewart, Thomas Buck- 
ley, and such other persons as may become stockholders in 
the corporation hereby created, their successors and assigns, 
be and they are hereby created a body corporate and politic, 
under the name and style of " The Home Insurance Com- Name and style. 
pany of Chicago ;" and, by that name and style, shall have 
perpetual succession ; may sue and be sued, plead and be 
impleaded, answer and be answered unto in all places, and 
be recognized in all courts uf law and equity, or where ju- Powers, 
dicial proceedings are had ; may have and use a common 
seal, which they may alter at pleasure ; and may purchase, 
hold and convey real estate and personal property, for the 
use of said corporation ; and may make by laws for the 
government of its officers : Provided^ that if the corpora- Proviso, 
tion created by this act shall not organize within one year 
after the passage hereof, then this act shall be null and void. 



15^ 



INSURANCE COMPANIES. 



Buslnes 
powers 



Capital stock. § 2. The capital stock of said corporation shall be two 
hundred thousand dollars, to be divided into shares of one 
hundred dollars, and paid in such installments as the board 
of directors shall from time to time direct, except as here- 
inafter provided. The capital stock may be increased, not 
to exceed six hundred thousand dollars, in the discretion of 
the board of directors. The stock shall be transferable on 
the books of said corporation, 
stock subserip- § 3. Books of Subscription may be opened, at the dis- 
tion. cretion of the majority of the persons named in the first 

section hereof; and when the amount of capital stock, as 
provided in the preceding section, shall have been sub- 
scribed, the stockholders may proceed and elect nine direc- 
tors, to comprise a board of directors, by whom the affairs 
of the corporation shall be managed ; and when said di- 
rectors shall choose out of their number a president and 
vice president, and shall have appointed a secretary, said 
board of directors may declare the company fully organized, 
and proceed to call in such an installment on the stock sub- 
scribed as they may deem necessary, not less than ten per 
cent., in cash ; and, for the balance of such subscriptions, 
may take bonds, secured by mortgage on unincumbered 
real estate, in the state of Illinois, worth double the amount 
secured, or by United States bonds, or Illinois state bonds. 
§ 4. The said corporation shell have power, by instru- 
ment under seal, or otherwise: 

I^irst. — To make insurance or take risks on all descrip- 
tions of buildings and property, against loss or damage 
by fire. 

Secondly. — To make insurance or take risks upon all des- 
criptions of boats and vessels, the cargoes and freights 
thereof, bottomry and respondentia interests against the per- 
ils of marine and inland navigation. 

Thirdly. — To cause themselves to be re-insured againstany 
risk upon which they may have insurance, and to take such 
other risks or hazard as the corporation may from time to 
time determine. 

§ 5. The first board of directors shall hold their office 
until the second Monday in January next succeeding the 
organization of the company and until their successors are 
elected. On the second Monday of January, in each year 
thereafter, or at such time as the by-laws may prescribe, an 
election of directors of said corporation shall be held in the 
city of Chicago, at such time and place as the existing 
Vote of stock, board of directors may prescribe. The stockholders of said 
holders. corporation, in person, or by proxy in writing, shall be en- 

titled to one vote for each share of stock held by them, 
respectively, at the time of election ; and the persons, to 
the number of nine, being stockholders, receiving the high- 
est number of votes at such election shall be declared elect- 
ed directors of said corporation for one year, and shall hold 



Election 
directors. 



INSURANCE COMPANIES. 159 

their offices until the next annual election and until their 
successors are elected. A majority of the board shall con- Quorum. 
stitute a quoram for the transaction of business. 

§ 6. The board of directors shall have power to fill any vacancy. 
vacancy that may occur in their own body — a plurality of 
votes constituting a choice. They shall choose, in the same 
manner, previous to the annual election of directorcs, three 
inspectors of such election, whose duty it shall be to can- Elections, 
vass the votes cast thereat and declare the result. The 
said inspectors shall be judges of the qualifications of voters, 
notice of such elections shall be given by publication in one 
or more daily newspapers published in the city of Chicago, 
at least ten days previous thereto. 

§ 7. The directors shall meet, as soon as may be after officers. 
every election, and choose out of their number a president 
and vice president, who shall hold their offices until the next 
annual election of directors and until their successors are 
chosen. They shall, also, have power to appoint a secre- 
tary, and such other officers or agents as the corporation may 
determine, 

§ S. All policies of insurance made by said corporation Policies signed, 
shall be subscribed by the president and vice president and 
countersigned by the secretary ; and all losses occurring Adjustment of 
may be adjusted and settled by the president, vice president '°''^*- 
and secretary, under such regnlations as the board of di- 
rectors may from time to time prescribe. 

§ 9. The office of said corporation shall be at the city piaee of office. 
of Chicago ; but agents may be appointed at other places, 
as may be deemed expedient. 

§ 10. The board of directors shall, from time to time. Dividends. 
estimate the net earned profits that have accrued in the busi- 
ness of the corporation, and declare such a dividend there- 
of to the stockholders as they may deem just and proper. 

§ 11. By the consent, in writing, of the stockholders Application ot 
representing three-fourths of the amount of the capital stock, ''''^''*^ '^°^^" 
the insured may be allowed to participate in the net profits 
of the business of the corporation. 

_ § 12. JNothing in this act shall authorize said corpora- 
tion to engage in any banking business. 

§ 13. IJnless the said company shall be organized within when to orsan- 
two years after the passage of this act, then this act shall ''^' 
be null and void ; and nothing in this act or in the act of 
which this is an amendment shall be construed so as to ex- 
empt said company from the operations of such general laws 
as may hereafter be passed upon the subject of insurance 
companies. 

§ 14. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

§ 15. Said corporation shall have power to borrow money, indebtedness. 
when deemed necessary, in conducting its business ; also, 
to loan its surplus funds, on good security, and invest the 



160 INSURANCE COMPANIES. 

same, under such regulations as tlie board of directors may 
prescribe. Tliis act shall be void, unless the said company 
shall organize and proceed to business within two years af- 
ter the passage hereof. This act shall be subject to any 
general law of this state on the subject of insurance or in- 
surance companies. 

Appkoved March 5, 1867. 



In force Feb"y AN" ACT to amend an act entitled "An act to incorporate the Wabash Val- 
•2$, 1S6(. ig^^ ■pjj.g g^jjjj Marine Insurance Company, at Paris,Edgar county, Illinois," 

approved February 14, 1857. 

Section 1. Be It enacted l>y the People qf the State of 
Illinois, representedin the General Assembly, That the name 
of the Wabash Yalley Fire and Marine Insurance Com- 
pany, at Paris, Edgar county, Illinois, be and it is hereby 

Name ehansed, changed to " The Wabash Insurance Company, at Paris, Ill- 
inois ;" and by said name of Wabash Insurance Company, 
shall succeed to, have and enjoy all the rights, powers, im- 

Powers of cor- muEities and privileges heretofore held and enjoyed by the 

poration. g^j^ Wabasli Yallev Fire and Marine Insurance Company, 
at Paris, Edgar county, Illinois, by virtue of the acts incor- 
porating the same, approved February 14, 1857, and of the 
act supplemental thereto, approved February 18, 1857. 

Additional com- § 2 That Calviu W, Leovings and James A. Edds, be 

missioner?. ^^^ they are hereby appointed additional commissioners, to 
act in concert with the said Samuel Connel}^, Daniel G. 
Ijurr and William D. Latshaw, named in said act, and that 
five commissioners, or a majority of them, are hereby autho- 
rized and empowered to carry out the provisions of said 
act, incorporating the said Wabash Yalley Fire and Marine 
Insurance Company, at Paris, Edgar county, Illinois, ap- 
proved February 14, 1857, and of the act supplemental there- 
to, approved February 18, 1857, as fully and to the same in- 
tent, as the said three commissioners named in said act are 
thereby authorized to do. 

When to organ- § 3. Unlcss the Said compauy sliall bc Organized witliin 

^''■^- two years after the passage of this act, then this act shall 

be null and void. And nothing in this act or in the act of 

which this is an amendment shall be construed so as to per- 

Banking forbid, mit Said compauy to do banking business, or exempt said 

company from the operation of such general laws, as may 

hereafter be passed upon the subject of insurance companies. 

§ 4. This act shall be deemed a public act, and shall 

take effect and be in force from and after its passage. 

Appboveq February 28, 1867. 



INSURANCE COMPANIES. 161 

AN" ACT to amend the charter of the Columbian Insurance Company, in force Feb'y 

■28, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois, rei)iesented in the General Assembly, That said 
company be and thej are hereby authorized to invest, no^ 
ro exceed one-third of the capital, in state or United States ^"t^^^fj^™®"*^ °^ 
bonds or stocks, or in the stock of any National bank ; and 
may dechire dividends to the stockholders. Said company 
shall have perpetual succession ; and may issue perpetual or Perpetual poii- 
installment policies, in such form and manner, at such rates, "®^" 
and under such by-laws, rules, conditions and restrictions, 
as may be agreed upon by the company and the parties in- 
suring. 

§ 2. Unless the said company shall be organized within Limit of law. 
two years after the passage of this act, then this act shall 
be null and void. And nothing in this act, or in the act of 
which this is an amendment, shall be construed so as to Backing forbid, 
permit said company to do banking business, or exempt 
said company from the operation of such general laws as 
may hereafter be passed upon the subject of insurance com- 
panies. 

§ 3. This act shall be deemed a public act, and shall 
take efiect and be in force from and after its passage. 

Appkoved February 28, 1867. 



AN ACT to amend an act entitled "An act to incorporate the Union In- In force March 
surance Company," approved February 16, 1865. 4,1867 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That the second proviso 
second proviso of the first section of an act entitled " An approVedVeb. 
act to incorporate the Union Insurance company," approved ^ed!^^^' ^^^^ 
Februaiy 16, 1865, be and the same is hereby amended, by 
striking out the words after the word "hereby," and insert- 
ing in said section the words " two years, from and after the 
passage of this act." 

§ 2. The home office shall be established in the city of Home office. 
Chicago, Cook county, Illinois, with such agencies else- 
where as said company may from time to time establish. 

§ 3. JS'othing in this act or in the act of which this is Banking forbid, 
an amendment shall be construed so as to permit said com- 
pany to do banking business, or exempt said company from 
the operation of such general laws as may hereafter be 
passed upon the subject of insurance companies. 

§ 4. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved March 4, 1867. 
Yol. 11—11 



162 



INSURANCE COMPANIES. 



In I'oi-ce March 
4. ISOT. 



AN ACT to incorporate the Wuucorida Mutual Insurance Company. 



Corporate 
powers. 



Section 1. Bg it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That H. B. 
Bassett, *A. B, Partrid2;e, J. B. Thomas, Justus Bangs, 
Isaac II. Smith, Eobert Harrison, J. P. Wells I.H. Payne, 
liurlbut Swain, and their associates, be and thej are hereby 
created a body politic and corporate, by the name and style 
Name ana .style of " The Wauconda Mutual Insurance Company," for the 
purpose of insurins; dwelling houses, household furniture, 
Farm buildings, and other property, against loss or damage 
by fire; and may, by that name, sue and be sued, appear, 
prosecute and defend, in any court of record or other court 
in this state. Said company may have and use a common 
seal, and alter or renew the same at pleasure; may make, 
establish and put in execution such by-laws, ordinances and 
resolutions, not being contrary to the laws of this state or of 
the United States, as may be necessary or convenient for 
their regulation and government, and for the management 
of their affairs ; and may do and execute all such acts and 
things as may be necessary to carry into eiFectthe provisions 
of this act. 

§ 2. All persons holding policies of insurance in this 
company shall be members thereof, and entitled to vote 
upon any matter to be determin.ed by a vote of the com- 
pany ; and a plurality of the votes cast shall be sufficient to 
decide any matter voted on. 

§ 3. The affairs of this company shall be m.anaged by a 
board of directors, to consist of not less than three nor more 
than twenty-one, as shall be regulated by the by-laws of 
said company. Said directors shall be chosen by ballot, 
from among the members of said company ; and a majority 
of the whole board shall constitute a quorum for the tran- 
saction of business. 

§ 4. The persons named in the first section of this act 
shall serve as the first board ot directors, to serve as such 
until the first annual meeting after the organization of this 
company under this act, and until others are elected. 

§ 5. All elections in this company shall be held at such 
time and place, in the county of Lake, and be conducted by 
such officers as the by-laws may determine. I^otice of the 
time and place of holding regular and special meetings of 
this company shall be published in such manner as the by- 
laws shall direct. Directors shall hold their offices for one 
year, and until others are chosen ; and vacancies may be 
filled at any meeting of the company. 

§ 6. The by-laws of the "Milburn Mutual Insurance 
Company," with such modifications, alterations and amend- 
ments, as this company may make thereto, may be adopted 
by the first board of directors for the government of this 



By-laws. 



INSURANCE COMPANIES. 163 

company. The company may, by its board of directors, 
make ail needful rules, regulations and by-laws, not incon- 
sistent with the constitution and laws of the United States, 
or of this state. 

§ 7. The officers of this company, in addition to the officer?. 
board of directors, shall be a president, secretary and treas- 
urer, to be elected by the company at the time of electing 
directors, and to hold their offices for one year and until 
others are chosen. The persons hereinbefore constituted 
the first board of directors shall choose a president, secretary 
and treasurer from among themselves or from other mem- 
bers of the company, for and until the first annual meeting 
as aforesaid, and until others are chosen in their stead. The 
duties and compensation of the officers of this company compensation. 
shall be determined by the by-laws of the company. The 
directors may appoint such agents and subordinate officers 
as the by-laws may determine. 

§ 8. The rates of insurance shall be fixed and regulated insurance iate.s 
by the company ; and premium notes may be received from 
the insured and shall be paid at such times and in such sums 
as the directors shall from time to time require for losses 
and expenses ; but the directors shall not at any time make As.<^es.«mein-.. 
a larger assessment on premium notes than is necessary to 
pay such losses and expenses ; and the premium notes shall 
constitute the capital stock of said company. 

§ 9. Members of this company shall be bound and obligations or 
obliged to pay their just proportion of all losses and ex- "^*^'"^"*- 
penses accruing during the time for which their policies 
were issued, to the amount of their premium notes, and no 
more ; and if any member shall neglect or refuse to pay 
his or her assessment, as levied by the board of directors, 
for more than thirty days after notice of such assessment, 
then his or her policy shall become void until such payment 
is made; but such forfeiture shall not exonerate such person 
from paying his or her just proportion of all losses and ex- 
penses up to the time of such forfeituie. 

§ 10. The board of directors may establish rules by AppHcationB f<.i- 
which applications for insurance may be in writing, which ">™''^°'^^- 
shall state all material facts and circumstances affecting the 
risk ; and such statement shall be binding upon the insured, 
and be a warrant}- on his or her part. 

§ 11. It shall be lawful for this company to re insure any Re-insurance. 
risk, or part of risk, on which it has made insurance. 

§ 12. For the purpose of preventing delay in the ar- 
rangement of losses, and preventing vexatious litigation, 
this company may establish rules fo.'- securing fair and im- 
partial arbitration in such cases of loss or damage as the 
insured and directors can not agree upon, and make the 
award of such arbitration final and binding. 

§ 13. In suits at law between this company and any of suits ut law. 
its members, any member of the company, not interested 



161 INSTIKANCE COMPANIES. 

farther than his or her proportion of loss as a member of 
the company, shall be deemed a competent witness ; and 
the certificate of the secretary or treasurer, as to the amount 
of any premium note or assessment on the same, or other 
matter pertaining to the office of such secretary or treas- 
urer, necessary to elucidate the facts in any case pending, 
shall be deemed j^m^f /acie evidence of such fact; and if 
the agent of the company shall so desire, the party suifer- 
ing loss shall be examined under oath concerning the cir- 
cumstances of such loss. 
Limit of law. § 14. Unlcss the said company shall be organized within 
two years after the passage of this act, then this act shall 
be null and void, and nothing in this act shall be construed 
so as to permit said companv to do banking business or ex- 
empt said company from the operation of such general laws 
as may hereafter be passed upon the subject of insurance 
companies. 

§ 15. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved March 4, 1867. 



In force March AN ACT to incorporate the Farmers' and Mechanics' Insurance Company, 
5. 1867. of Paris. 

Section 1. Beit enacted by the People of the State of 
Illinois^ represented in the General Assembly^ That l^apo- 

corporator.. Iq^^ B. Stage, Johu W. Fishcr, John Sidell and Spencer K. 
Hunter, and their associates, successors and assigns, be and 
are hereby created a body corporate and politic, under the 

Name and style name and Style of "The Farmers' and Mechanics' Insu- 
rance Company, of Paris, Edgar county, Illinois," and by 

Powers. such name shall have perpetual succession ; may sue and 

be sued, plead and be impleaded, answer and be answered 
unto, defend and be defended ; may have and use a common 
seal, which they may alter at pleasure ; and may purchase, 
hold or convey real estate or personal property, for the use 

By-laws. of Said Company ; may also make such by-laws as are neces- 

sary for the regulation of its affairs ; and, in addition to 
these general powers, shall have authority, by instrument, 
under seal or otherwise : 

Business and Fif^t. — To make iusurancG on all description of property, 
operations. agaiust loss or damage by fire. 

Second. — To make insurance on cargoes and freights of 
boats and vessels, and on bottomry and respondentia inter- 
ests, against the peril of marine and inland navigation. 



INSURANCE COMPANIES. 165 

Third. — To cause themselves to be re-insured against any 
risk on wliich they may have insurance : Provided., that if Proviso, 
the corporation created by this act shall not organize within 
two years from the passage thereof this act shall be null 
and void. 

§ 2. The capital stock of said corporation, shall be three capital stock, 
hundred thousand dollars, to be divided into shares of one 
hundred dollars each, to be paid in such installments as the 
board of directors may direct : Provided., that the first in- Proviso, 
staihnent thereon shall not be less than ten per cent, on said 
stock, and the remaining ninety per cent, l^e secured by 
mortgage upon unincumbered real estate, worth double the 
amount secured, or by United States bonds or Illinois state 
stocks, shall be transferable only on the books of said com- 
pany. 

§ 3. Books of subscription may be opened under the stock subscrip- 
direction of the board of directors, hereby constituted ; and, 
when one hundred thousand dollars have been subscribed, 
the said board of directors may declare the company organ- 
ized, and proceed to call in the first installment of the stock 
in cash, and for the balance of such subscription may take 
bonds and mortgages of real estate or other approved col- 
lateral securities, in their discretion ; and may also, from 
time to time, invest in like securities or otherwise, as they 
see fit, whatever amount of paid up or other assets in the 
possession of the company, as the said board of directors 
may deem best for the interests of the company to so invest. 

§ 4. The persons so named in the first section of this I'iiectois. 
act, shall constitute the first board of directors, and shall 
hold their offices until the prior Monday in January next 
succeeding the organization of the company, and until their 
successors are elected and qualified ; and on the first Mon- 
day of January in each year there shall be an election of 
not less than three nor more than thirteen directors, held in 
the town of Paris, at such place as the existing board may 
prescribe ; and it sliall be an essential qualification that 
each director shall be a stockholder in said corporation. 
All the corporate powers of said corporation shall be vested 
in, and exercised by said board of directors and such officers 
and agents as said board shall appoint; and the said board 
of directors shall have power to fill any vacancy that may 
occur in their own body — a majority of votes constituting 
a choice. 

§ 5. All policies of insurance, issued by said corpora- Policies signed, 
tion, shall be signed by the president and secretary, and in 
case of the death or absence of the president, by a vice- 
president, in his stead ; and all losses arising under any Losses, 
policy so signed may be adjusted and settled by the presi- 
dent and secretary, under such regulations and orders as 
as the directors may from time to time prescribe. 



166 INSURANCE COMPANIES. 

pi:i( o of offioe. § 6, The office of the company shall be located and kept 
in the town of Paris ; but the officers of the company may 
appoint agents in other places, as they ma}'^ deem necessary 
or conducive to the interests of said company. 

Limit of law. § 7. Unless the said company shall be organized within 

two years after the passage of this act, then this act shall 
be null and void, and nothing in this act shall be con- 
strued, so as to permit said company to do banking busi- 
ness, or exempt said company from the operations of such 
general laws, as may hereafter be passed upon the subject 
of insurance companies. 

Banking forbici. § 8. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 
Approved March 5, 1867. 



Jia.fiueis 



'iirce Marcli AN ACT to amend an act entitled "An aot to incorporate the National 
5- isr.T Travelers' Insurance Company," approved February 15, 1865. 

Section 1. Be it enacted hy the People of ths State of 
Illinois^ represented in the General Assembly, That "Tlie 
National Travelers' Insurance Company," shall hereafter 
nseoiname ^e kuowu and designated as "The Chicago National Insu- 
rance Company;" and, also, shall have authority to. make 
insurance against loss by lire on any and all kinds of 
houses, buildings and fixtures ; to make insurance and take 
any and all insurance risks, and to fix, charge and receive 
'opei-ii'tions. sucli ratcs of premium therefor as may be agreed upon be- 
tween *he parties; and any or either of the risks and in- 
surance, fire or marine, may be done upon the mutual or 
stock principle, or upon both together. 
snbs.aiption tQ § ^- The three persons last named in the first section of 
str.oiv. t;he act hereby amended, or a majority of them, are hereby 

authorized and empowered to receive subscriptions to the 
capital stock of said company, in the manner provided in 
said act of incorporation, and to organize the same. 
Seeiion 1- § ^- Section twelve, of said act of incorporation, is 

'amended. hcrcby amcuded so that the same shall read as follows, to- 
wit: "The said corporation may have power to cause itself 
to be re-insured upon any risk, or part of the same, on which 
they may have made insurance; and shall be subject to the 
operation of all general laws which may be applicable and 
in force as to all insurance companies incorporated in this 
state. 

§ 4. This act shall take efi:ect from and after its passage. 
Approved March 5, 1867. 



INSURANCE COilPANIES. 



167 



AN ACT to incorporate the Shipper's Insurance Company. In force JIarch 

^ 5. 1SC7. 

Section 1. Be it enacted hy the People of the State oj 
Illinois, repretented in the Gerieral Assembly, That Stephen corporators. 
G. Paddock, B. J. Kellog and John G. Osborn, and their 
associates, are hereby constituted a body corporate and politic, 
by the name and style of "The Shipper's Insurance Com- Name and style 
pany ;" and, as such, shall have perpetual succession ; may 
sue "and be sued ; have a common seal ; and have and ex- 
ercise all the rights, powers and immunities and be subject to 
all the liabilities of a body corporate and politic, that may 
be necessary for the objects of this corporation. 

§ 2. The capital stock of said company shall be one capital stock, 
hundred thousand dollars; to be divided into shares of one 
hundred dollars each, which shall be personal property, and 
transferable, as such, on the books of the company, in the 
manner and subject to the restrictions provided by the by- 
laws ; and the same may be subscribed for and held by private 
persons or by any corporation organized under any law of 
this state. Each share of stock shall entitle the holder 
thereof to one vote in the election of directors, or for the 
purpose of increasing the capital stock. The capital stock 
of said company may be increased to an amount, not ex- 
ceeding, in the aggregate, five hundred thousand dollars 

§ 3. The general business of said company shall be con- Directors. 
ducted by [aboard] of live directors, to be elected annually, 
at such times as shall be fixed by the by-laws ; and the said 
directors shall be authorized to appoint siich other officers otfieers, etc. 
and agents as they shall deem necessary for the best inter- 
ests of said company, and may prescribe their powers, du- 
ties and liabilities. The said directors shall have power to 
make all necessary by-laws, rules and regulations, for the By-iaws. 
management of the affairs of said company. 

§ 4. The said company shall not be deemed organized organization. 
until twenty per cent, of the capital stock shall have been 
paid in and the balance shall have been secured i)y deposit 
of bonds of the United States or of the state of Illinois. 
The principal office of said company sha'll be located at PiincipaiotBoe. 
Ohiago, in the state of Illinois; but the said company may 
establish agencies at other places. This act shall be void un- 
less said company shall organize within two years after the 
passage hereof; and shall be subject to any general law now 
in force or that may be hereafter passed affecting insurance 
companies. 

§ 5. It shall be lawful for said company : 

[tirst. — To make insurance on all descriptions of pro- Business and 
perty, against loss or damage by fire, or otherwise. operations. 

Second. — To make insurance on all descriptions of boats 
and vessels, the cargoes and freights thereof, and on hot- 



168 INSURANCE COMPANIES. , 

tomi'j and respondentia interest, and on personal property, 
against the perils of marine or inland navigation. 

Third. — To cause themselves to be re-insured against any 
risk on which they may have insurance. 

§ 6. This act shall be a public act, and shall take efltect 
and be in force from and after its passage. 

Approved March 5, 1867. 



In forp.e March AN ACT to amend an act entitled "An act to incorporate the DuPage Mu- 
5-1SC7. tual Insurance Company of Wheaton," approved February 16, 1857. 

Section 1. Be it enacted by the People of the State of 
Illinois., represented in the General Assembly., That the name 
of the Wheaton Mutual Insurance Company be and is 

Name changed, hereby changed, and declared to be "The Illinois State In- 
surance Company ;" and the said company are hereby 
further authorized and empowered to establish an office in the 

Office. city of Chicago ; to issue policies and make all contracts. 

Business. agreements or other instruments, pertaining to the said busi- 

ness of insurance at said city, as well as at the home office. 
All the powers, rights and franchises, and all the liabilities 
imposed on said corporation, under the original charter, or 
under the amendment thereto, shall be and are hereby pre- 
served and conferred upon and vested in the said new com- 
pany, under the name and title hereby given to said corpor- 
ation, in the same manner and to same extent as the same 
has heretofore been held and possessed by the said corpora- 
tion under its former name. 

Banking forbid. g 2. Nothiug ill this act, or in the act of which this is an 
amendment, shall be construed so as to permit said company 
to do banking business, or exempt said company from the 
operation of such general laws as may hereafter be passed 
upon the subject of insurance companies. 

§ 3. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 
Approved March 5, 1867. 



In force March AN ACT to incorporate the Quincv Union Mutual Insurance Company. 

5, ISOT. 

Section 1. Be it enacted by the People of the State of 
Illinois., represented in the General Assembly, That from the 
time this act shall take effect, Frederic J. Reinaker, Louis 
Golm, Henry Heidbreder. Henry Meisier, Henry Pieper, 



INSUEANCE COMPANIES. 169 

Almon Wheat, and all other persons who may hereafter 
associate with them, in the manner herein prescribed, shall 
be a body corporate and politic, by the name and style of 
"The Quincy Union Mutual Insurance Company;" and, ^"^'ame and style. 
by that name, may sue and be sued, appear, prosecute and 
defend, in any court of record or other conrt or place what- 
soever; may have and use a common seal, and alter and Powers, 
renew the same at pleasure ; may purchase and hold such 
real and personal estate as may be necessary to effect the 
object of their association, and sell and convey the same at 
pleasure ; may make, establish and put in execution such 
by-laws, ordinances and resolutions, not being contrary to 
tlie laws of this state or of the United States, as may seem 
necessary or convenient for their regulation and govern- 
ment and for the management of their affairs ; and do and 
execute all such acts and things as may be necessary to 
carry into effect the purposes intended by this act. 

§ 2. All persons who shall at any time be insured in this Membership, 
company shall be members thereof, during the continuance 
in fact of their respective policies, and no longer, and shall 
at all times be bound by the provisions of this act. 

§ 3. The affairs of said company shall be managed by a Directors. 
board of directors, to consist of not: less than five nor more 
than fifteen members, as may be regulated by the by-laws 
of said company. Said directors shall be chosen, by ballot, 
from among the members of said company. A majority of 
the whole board shall constitute a quorum for the trans- 
action of business. The executive committee of said com- 
pany shall possess all the powers of the board of directors, 
when said board is not in session. 

§ 4. The board of directors shall elect a president, vice officers. 
president, secretary, and treasurer, who shall hold their re- 
spective offices for one year, or longer, as may be detei- 
mined by the by-laws of said company, and until others are 
chosen in their places. The board of directors shall, also, 
appoint an executive committee, to consist of three direc- 
tors. Subordinate officers, agents and examiners may be 
appointed by and in the manner prescribed by the by-lav\'s 
of said company. 

§ 0. This company may make insurance on all descrip- Business. 
tions of property, against loss or damage by lire, lightning, 
wind, and the risks of inland navigation and transportation ; 
and may cause themselves to be re-insured upon the whole 
or any part of any risk on which they may have made in- 
surance. 

§ 6. The rates of premiums shall be fixed by the board Premium rates, 
of directors or executive committee of said company. Pre- 
mium notes may be received from the insured, which shall Premium notes, 
be paid at such time or times and in such sum or sums as 
the directors shall require for the payment of losses and ex- 
penses. Any person applying for insurance may pay a 



Assessments. 



huh lies. 



.Slateinents 



Xeglect to pay- 
assessments. 



170 INSURANCE COMPANIES. 

definite sum of money in full for said insurance, in lieu of 
a premium note. The cash premium, together with the 
premium notes, shall constitute the capital stock of said 
company. 

§ 7. The directors of said company may levy an assess- 
ment upon the premium notes, at any time they may deem 
it necessary, for the payment of losses and expenses. 
Membeis' lia- § S. The members ot the companj^ shall be and are 
hereby bound to pay their proportion of all losses and ex- 
penses happening and accruing during the time for which 
their policies were issued, to the amount of their premium 
note and cash premiums, and no more ; and said company 
shall have a lien against the insurance of all buildings 
insured, including the right, title and interest of the insured 
to the lands on which said buildings are situated, for the 
payment of said premium notes. 

§ 9. All statements made on --iny applications for insu- 
binding. rance shall be binding upon the applicant and a warranty 

upon his, her or their part. 

§ 10. Whenever any assessment is made on any pre- 
mium notes given to said compan3^ and the maker thereof 
shall neglect or refuse to pay the amount claimed by 
said company, for the space of thirty days after notice. of 
such assessment, (which notice shall be given in manner 
prescribed by the by-laws of said company,) his, her or 
their policies shall become null and void and of no effect; 
and in case an action is brought for the recovery of any 
assessment due said company the certificate of the secretary 
of said company, stating the amount of such assessment, 
shall be taken and received as prima facie evidence in all 
courts and places whatsoever. 

§ 11. The persons named in the first section of this act 
shall be and they are hereby constituted a board of direc- 
tors for said company, to serve as such until the first annual 
election of directors herein provided for and until others 
are chosen. The directors of said company shall be elected 
on the first Monday in June, in each year ; and such elec- 
tion shall be held at the office of said company, at such 
hour of the day as the directors or executive conmiittee tor 
the time being may appoint. Such election shall be held 
under the inspection of three members, to be appointed 
previous to every election by the executive committee of 
said company. Such election shall be made by a plurality 
of the votes of the members present, or their proxies, allow- 
ing one vote for each policy held by the member offering, 
and in force at the time of the member offering to vote. 
The directors or executive committee are hereby author- 
ized, at any meeting, to provide a form for the appointment 
of proxies and to specify the evidence that may be required 
of the execution thereof. 



INSURANCE COMPANIES. 171 

§ 12. All meetings of the board of directors and execii- Meetings, 
tive committee to be called in the manner prescribed bj the 
by-laws of said company. 

§13. This company shall have power to issue policies js.ue policies, 
for any term of years, not exceeding ten. 

§ 14. The secretary of said company may appoint a Deputy soire- 
deputy, whose powers shall be set forth in his certificate of *'"'>• 
appointment and entered upon the record book of said com- 
pany. 

§ 15. The home office of said company shall be in the Home office, 
city of Quincy, in the county of Adams, and state of Illinois. 

I 16. If it shall so happen that the election of directors Failure to t-io^c 
of said company shall not be held on the day when, pursuant ^' "«''"' '■■'-• 
to this act, it ought to have been made or held, this com- 
pany, for that cause, shall not be deemed to be dissolved, 
but it shall be lawful, on any other day, to make and hold 
an election — notice of which shall be given in the manner 
prescribed by the by-laws of said company. 

§ 17. All vacancies in the board of directors may be v.ac:i 
filled by the remaining part of said board from among the 
members of said company. 

§ 18. Unless said company shall organize within two Lnni 
years after the passage of this act, then this act shall be 
null and void ; and nothing in this act shall be construed so 
as to permit said company to do a banking business, or to 
exempt said company from the operation of any general 
law that may hereafter be passed upon the subject of in- 
surance and insurance companies. 

§ 10. This act shall be deemed a public act, and take 
effect from and after its passage. 

Approved March 5. 1867. 



■ancies. 



AN ACT to incorporate the Protection Life Insurance Companv. In force March 

7. IStJT. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That James corporator.^. 
Mitchell, Captain William Young, Andrew P. Long, George 
Thompson, Peter P. ITaber, Doctor Benjamin P. Buckley 
Doctor Elias C. DePrey, David C. Gross, Jeremiah Patter- 
son, Francis li;. Dakin, Gilbert McClayton, and all other 
persons who may hereafter associate with them, in the man- 
ner hereinafter described, shall be and are hereby declared 
a body politic and corporate, by the name of "The Protec- Name, 
tion Life Insurance Company;" and, by that name, may 
contract and be contracted with, sue and be sued, defend 
and be defended against, and shall be considered a corpora- 
tion in all courts. 



172 INSUKANCE COMPANIES. 



Business § 2. 

powers. 



ber.s 



The corporation hereby created shall have the pow- 
er to insure the lives of its respective members, or other 
persons, and to make all and every insurance appertaining 
to or connected with life risks, the granting of endowments, 
and to grant and purchase annuities, and do a general life 
insurance business, in such manner as the trustees or di- 
rectors deem proper; and all persons who shall insure with 
this corporation, and also their heirs, executors, administra- 
tors and assigns, continuing to be insured in said corpora- 
tion, shall hereby become members thereof, except as here- 
inafter provided. 

Duties of mem- g 3. Evcrj^ persou wlio shall become a member of this 
corporation, by effecting insurance therein, shall, before he 
receives his policy, pay the rates that shall be fixed upon 
and determined by the trustees and directors: and no pre- 
mium so paid shall ever be withdrawn from said company, 
except as hereinafter provided, but shall be liable to all the 
losses and expenses incurred by this company during the 
continuance of its charter; and an insurance of at least 
one thousand dollars in amount shall be necessary to enti- 
tle any member to a vote. 

§ 4. All the corporate powers of said company shall be 
exercised by a board of trustees or directors; and such 
trustees or directors may appoint such officers, agents or ser- 
vants as they mav deem proper for the transaction of the 
business of the company. 

Fir.^'board; § 5. The board of trustees or directors shall consist of 

five or more persons, who shall be members or stockholders 
of the corporation ; and those named in this act shall con- 
stitute said board until the first election of trustees or direc- 
tors of the company, and until others are elected in their 
places, A majority of the trustees or directors shall be a 
quorum for the transaction of business. And the said 
company may make such provisions in respect to by-laws, 
rules and regulations for the government of the company, 
as they may deem proper. • 

Insurance rates § 6. The trustccs or dircctors shall determine the rates 
of insurance and the sum to be insured, and shall invest the 
premiums as hereinafter prescribed. 

Elections. § 7. The election of trustees or directors shall be held 

on the first Monday of April, in each and every year, at 
such place in the city of Freeport as the board of trus- 
tees or directors shall designate of which they shall give at 
least one week's previous notice in one of the public news- 
papers printed in the county of Stephenson ; and the board 
of trustees or directors, at the same time, shall also appoint 
three of the members of said corporation inspectors, to pre- 
side at such election ; and if any of said inspectors decline 
or fail to attend the trustees or directors shall appoint otli- 

Vaeaney. crs to fill such vacaucics, and shall fill any vacancies in 



INSURANCE COMPANIES. 173 

their number, caused hj^ death, resignation or by removal 
from the state. 

§ 8. The trustees or directors shall elect one of their President. 
number president. 

8 9. It shall be lawful for said corporation to invest the investment ot 

". • T £' -J • ,. TT'ii premiums. 

premiums received for said company m state or United 
States securities or other securities, satisfactory to the trus- 
tees or directors, and to sell, transfer and change the same, 
and to re-invest the funds of said corporation, whenever the 
trustees or directors shall deem expedient. 

§ 10. The whole of the premiums received for insurance Investment of 
by said corporation may be invested in bonds secured by miumg.° ^^^' 
mortgages on unincumbered improved real estate. The 
real estate or property to secure such investment shall in 
every case be worth^wice the amount loaned thereon. The Real estate. 
real estate which it shall be lawful for this corporation to 
purchase, hold, possess and convey shall be: 

J^trst. — Such as shall be lequisite for its immediate ac- 
commodation in the convenient transaction of its business. 
Second. — Such as shall have been mortgaged to it, in 
good faith, by way of security for loans previously contract- 
ed or for money due. 

Third. — Such as shall have been conveyed to it in satis- 
faction of debts previously contracted in the course of its 
dealings. 

Fourth. — Such as shall have been purchased at sales upon 
judgments, decrees or mortgages obtained or made by such 
deb'ts. 

§ 11. The trustees or directors shall have power to in- investment m 
vest a certain portion of the premiums received, not to ex- 
ceed two-thirds thereof, in public stocks of the United States 
or of this state. 

§ 12. Suits at law may be maintained by said cor- suUs at law. 
poration against any of its members for any cause rela- 
ting to the business of said corporation. Suits at law may 
also be prosecuted and maintained by any member against 
said corporation for the loss by death, if payment is with- 
held more than three months after the company is duly no- 
tified of such loss or losses and satisfactory proof has been 
made and delivered to the company ; and no member of 
the corporation shall be debarred his testimony as a wit- 
ness in any such case on account of interest in such suit or 
of his being a member of said company ; and no member 
of the corporation, not being in his individual capacity a 
party to such suit, shall be incompetent as a witness in any 
such suit, on account of his being a member of said company.^ 

§ 13. The officers of said company, at the expiration of Annual balance. 
three years from the time that the first policy shall have 
been issued and bear date, and within sixty days thereafter, 
and during the first sixty days of every subsequent period 
of three years, shall cause a balance to be struck of the af- 



174 



INSURANCE COMPANIES. 



fairs of the company, and shall credit each member with 
an equitable share ot the profits of said company ; or the 

Divi.'eiids. trustees or directors may make dividends, annually, if they 
deem it tor the interest of the company to do so ; and in 
case of the death of the party whose life is insured, the 
amount standing to his credit at the last preceding striking 
of balance, aforesaid, shall be paid over to the person en- 
titled to receive the same. Any member who would be 

Ddinqueuts. entitled to share in the profits who shall have omitted to 
pay any premium or any periodical payment due from him 
to the company may be prohibited by the trustees or direc- 
tors from sharing in the profits of the company. 

Home offiee. § 14, The homc office Oi this company shall be in the 
City of Freepprt, county of Stephenson, at such place as 
the trustees or directors may designate. 

Pciic-ies-pur- § 15. No policy shall be issued by said company until 

■ haseof. application shall be made for insurance, in the aggregate, 

fur one hundred thousand dollars, at least. The" trustees 
shall have the right to purchase, for the benefit of the com- 
pany, all policies of insurance or other obligations issued by 
said company, and shall pay the amounts due on all policies 
issued by said company which may become pajaijle by rea- 

Pioviso. son of death, within ninety days thereafter : Frovided^ 

proof of death having first been made to the said trustees 
or directors. 
f § Ifi. It shall be lawful for any married woman, by her- 
" self and in her name, or in the name of any tliird person, 
with his assent, as her trustee, to cause to be insured, for her 
sole use, the life of her husband, for any definite period or 
for the term of his natural life; and, incase of her surviv- 
ing her husband, the sum or net amount of the insurance 
becoming due and payable by the terms of the insurance 
shall he payable to her, to and for her own use, free from 
the claims of the representatives of her husband or of his 
creditors; but such exemption shall not apply where the 
amount ot premium annually paid shall exceed three hun- 
dred dollars. In case of the death of the wife before Lhe de- 
cease of her husband, the amount of insurance may be 
made payable, after death, to her children, for their use, and 
to their guardian, if under age. 

§ 17. For the better security, the said company may re- 
ceive a guarantee fund, to any amount not exceeding two 
hundred thousand dollars, to be divided into shares of one 
hundred dollars each, and pay interest on such funds, but 
not to exceed seven per cent, per annum. And as soon 
as the assets of the company derived from premiums 
amount to fifty thousand dollars, the said guarantee fund 
'may be withdrawn by consent of the trustees or directors 
and said trustees or directors may discontinue the payment 
of interest on said funds. The owners of the above named 
fund shall be entitled to one vote for each share at elections 
of trustees or directors. 



Pi-ivile.ffes 
i.oarned 
men. 



Guarantee 
I'und. 



INSURANCE COMPANIES. 



175 



§ 18. The said company may have a common seal, and seai, by-iaws, 
break, alter or renew the same at pleasure ; and shall have 
power to make re-insiirance of any risk or any part of any 
risk which they may have taken, and may make all such 
by-laws, rules or regulations not inconsistent with the con- 
stitution and laws of this state or of the United States, as 
may be deemed necessary for the appointmentof its officers 
and agents and the conduct of its affairs in the various cities 
and towns of this state jnd of sister states and foreign gov- 
ernments, as the said corporation may deem most for its in- 
terest. 

§ 19. Any member of this company shall have the right rroxy vote. 
to vote by proxy as well as in person. 

§ 20. This act to take effect and be in force from and af- 
ter its passage. 

§ 21. Nothing in this act, tmall be construed so as to per- Banking forbid. 
m-it said company to do banking business, or to exempt 
said company from the operation of any general law that 
may hereafter bo passed upon the subject of insurance and 
insurance companies. 

Approved Marcu 7, 1867. 



AN ACT to incorporate the Downer's Grove Farmers Mutual Insurance j^ f^^f.^, \[a,,-h 
Company. 7,1S67. 



Section 1. jBe it enacted hy the People of the State of 
Illinois, represented in the General Assernbly, That C. corporators 
Milner, Chas. Schrieber, Jacob Klein, William Vick, George 
Bretiler, and their associates, shall be and the same are 
hereby created a body politic and corporate, by the name 
and style of ''The Downer's Grove Farmers' Mutual 
Insurance Company," for the purpose of insuring dwelling 
bouses, household furniture, farm buildings, and other pro- 
perty, against loss or damage by Hre; and may, by that 
name, sue and be sued, appear, prosecute and defend in 
any court of record or other court in this state. Said com- 
pany may have and use a common seal, and alter or renew 
the same at pleasure ; may make, establish and put in exe- 
cution such by-laws, ordinance and resolution, not being 
contrary to the laws of this state or of the United States, 
as may be necessary and convenient for their regulation 
and government and for the manageznent of their afiairs ; 
and may do and execute all such atjts and things as may be 
necessary to carry into effect the provisions of this act. 

§ 2. All persons holding policies of insurance in this Membership. 
company siiall be members thereof, and entitled to vote 
upon any matter to be determined by a vote of the company ; 



Name ami style 



Corporate 
powers. 



176 



INSURANCE COMPANIES. 



Officers, etc. 



and a plurality of the votes cast shall be sufficient, and 
decide any matter voted on. 

§ 3. The affairs of this company shall be managed by a 
board of directors, to consist ot not less than three nor more 
than twenty-one, as shall be regulated by the by-laws of 
said company. Said directors shall be chosen, by ballot, 
from among the members of the company; and a majority 
of the whole board shall constitute a quorum for the tran- 
saction of business. » 

§ 4. All elections in this company shall be held at such 
time and place, in the town of Downer's Grove, DuPage 
county, and be conducted by such officers as the by-laws 
may determine. Notice of the time and place of holding 
regular and special meetings of this company shall be pub- 
lished in such manner as the by-laws shall direct. Direc- 
tors shall hold their offices fur one year, and until others are 
chosen; and vacancies may be tilled at any meeting of the 
company. 

§ 5. The officers of this company, in addition to the 
board of directors, shall be a president, secretary and treas- 
urer, to be elected by the company, at the time of electing 
directors, and to hold their ofhces for one year, and until 
others are chosen. The duties as well as the compensation 
of the officers of this company shall be determined by the 
by-laws of the company. The directors may appoint such 
agents and subordinate officers as the by-laws may deter- 
mine. 

Insurance rates § 6. The ratcs of iusurancc shall be fixed and regulated 
by the company, and premium notes may be received from 
the insured, and shall be paid at such times and in such 
sums as the directors shall from time to time require for 
losses and expenses ; but the directors shall not at any time 

Assessments, make a larger assessment on premium votes than is neces- 
sary to pay such losses and expenses ; and the premium 
notes shall constitute the capital stock of said company. 

Members' lia- § 7. Members of this company shall be bound and 

ijihties. obliged to pay their just proportion of all losses and expen- 

ses accruing during the time for which their policies were 
issued, to the amount of their premium notes, and no more ; 
and if any member shall neglect or refuse to pay his or her 
assessment, as levied by the board of directors, for more 
than thirty days after notice of such assessment, then his 
or her policy shall become void, until such payment is made ; 
but such forfeiture shall not exonerate such person from pay- 
ing his or her just proportion of all losses and expenses up 
to the time of such forfeiture. 

Applications for § 8. The board of directors may establish rules by which 

tasurance. applications for insurance may be in writing, which shall 

state all material facts and circumstances affecting the risk, 

and such statement shall be binding upon the insured, and 

be a warranty on his or her part. 



INSURANCE COMPANIES. 177 

§ 9. It shall be lawful for this company to re-in§ure any Re-insurance, 
risk or part of risk on which it has made insurance. 

§ 10. For the purpose of preventing delay in the ar- Arbitrations. 
rangement of losses and preventing vexatious litigation, 
this company may establish rules for securing fair and im- 
partial arbitrations, in such cases of loss or damage as the 
insured and directors can not agree upon, and make the 
award of such arbitration final and binding. 

§ 11. In suits at law between this company and any of suits at law. 
its members, any member of the company, not interested 
further than his or her proportion of loss as a member of 
the company, shall be deemed a competent witness; and 
the certificate of the secretary or treasurer, as to the 
amount of any premium note or assessment on the same or 
other matter pertaining to the office of such secretary or 
treasurer, necessary to elucidate the facts in any case pend- 
ing, shall be deemed prima facie evidence of such fact ; 
and if the agent of the company shall so desire, the party 
suffering joss shall be examined under oath concerning the 
circumstances of such loss. 

§ 12. Unless the said company shall be organized Timeoforgani- 
within two years after the passage of this act, then this act ^^^'°'' limited, 
shall be null and void ; and nothing in this act shall be so Banking 
construed as to permit said company to do banking busi- p^° ' ' ^ • 
ness, or exempt said company from the operation of such 
general laws as may hereafter be passed upon the subject 
of insurance companies. 

§ 13. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved March 7, 1867. 



AN" ACT to incorporate the Fox River Insurance Company, In force March 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That D. W. 
Hurd, W. P. Pierce, C. L. Hoyt, A. G. McDole, C. E. 
Smith, E. Canfield, J. W. Eddy, R. W. Gates, W. S. Mc- 
Micken, John Hanna, Joseph Ingham, S. G. Paul, David 
B, Waterman, Lester W. Gray and Morris J. McGrath, 
and their associates, successors and assigns, be and they are 
hereby created a body politic and corporate, under the name 
and style of "The Fox River Insurance Company ; " and, Name and style 
by such name, may have perpetual succession.^ sue and be Powers, 
sued, plead and be impleaded, answer and be answered 
nntOj defend and be defended unto ; may have and use a 
■common seal, and may renew or alter the same at pleasure ; 
and may purchase hold or convey any estate, real or perso- 
Vol. 11—12 



17i 



INSURANCE COMPANIES. 



nal, for tlie use of said company ; and may make by-laws, 
not inconsistent with the laws of this state, for the regula- 
tion of its affairs ; and, in addition to these general powers, 
shall have authority, by instrument under seal, or otherwise : 
Fitst — To make insurance on all descriptions of property 
a;yainst loss or damage by tire or lightning. 

Second — To make insurance on all descriptions of boats 
and vessels, the cargoes and freights thereof, and on bot- 
tomry and respondentia interest, and on personal property, 
against the perils of marine or inland navigation. 

Third— To cause themselves to be re-insured against any 
risk on which they may have insurance. 

Capital stock. § 2. The capital stock of said company shall not be less 
than one hundred thousand dollars, and may be increa&ed 
to any sum not exceeding one million of dollars, to be di- 
vided into shares of one hundred dollars each; and said 
stock shall be personal property, and be assignable and 
transferable only on the books of said company and under 
such regulations as the board of directors may establish. 

Subscription. § 3, The persons above named, or a majoi-ity of them, 
are hereby appointed commissioners to receive subscriptions 
to the capital stock of said company, and shall, as soon af- 
ter the passage of this act as they or a majority of them 
deem advisable, open books to receive subscriptions to said 
capital stock ; and whenever not less than one hundred 
thousand dollars of said capital stock shall have been sub- 
scribed and not less than ten per cent, thereof actually paid 
in to said commissioners, in good faith, in cash, and the re- 
maining ninety per cent, secured by mortgages upon unin- 
cumbered real estate, worth double the amount secured, or 
United States bonds, or Illinois state stocks, said company 
shall be held to be organized under this [act], and be au- 
thorized to elect a board of directors and enter upon the 
transaction of an insurance business. 

offieera. § 4:. The board of directors shall be authorized to elect 

a president, vice-president, secretary, treasurer and general 
agent f )r said company, and such other officers as they may 
deem proper, and determine the term of office and mode of 
election of the same ; to enact all by-laws, rules and regu- 
lations of said company, and to provide for the appointment 
of all such committees, attorneys, agents and servants, as to 
gaid board of directors shall seem proper. The first board 
of directors shall consist of nine members, all of wliom shall 
be stockholders of said company; and the number ot direc- 
tors may thereafter be increased or diminished by said 
company, not however, to be less than five nor more than 
thirty-one ; and no person shall be eligible as a director who 
shall not at the time of his election be the owner, in good 
faith, of at least five shares of the capital stock of said com- 
pany ; and in all elections, each share of said capital stock 



INSURANCE COMPANIES. 179 

of said company shall be entitled to [one] vote, and stock- 
holders may vote either personally or by proxy. 

§ 5. The board of directors shall have power, from time Payment of 
to time, to require the payment of additional installments 
of said capital stock, until the whole of said capital stock 
shall be paid in; and each stockholder shall be held liable 
for the debts of said company for any and all losses and 
liabilities to the amount of stock held by him, and no more ; 
and the said directors may invest any of said stock or any 
surplus on hand in any kind of stocks or securities deemed 
safe, or in real estate, bonds and mortgages, or may loan 
the same, at any rate of interest not exceeding ten per cent, 
per annum ; and may from time [to time,] make dividends 
to said stockholders out of the net profits of the business of 
said company, under such rules as said board may prescribe. 

§ 6. The principal office of said company shall be loca- Principal office, 
ted in the city of Aurora, in the county of Kane ; but the 
officers of said company may appoint such agents in other 
places as they may deem necessary. 

§ 7. Said company shall have power to receive, hold, possession of 
sell and convey all such property, personal or real, as shall pi"ope'-'y. etc. 
be mortgaged, pledged, sold or conveyed to them, in secu- 
rity or payment of any indebtedness due in good faith to 
said company, or in any manner, in good i'aith owing to 
them or conveyed to them under any sale by virtue of any 
legal process, decree, judgment or order of any court made 
for and upon any such indebtedness. 

§ 8. All policies of insurance issued by said company policies aigned 
shall be signed by the president or vice president and sec- ^^ president, 
retary, and all such policies shall be valid and binding on 
said company. 

§ 9. A statement of the true condition of the company Annual state- 
shall be made to the stockholders each year, the officers ^^^^' 
thereof, under oath, testifying to the same, at the time of 
the annual election for directors. 

§ 10. Unless the said company shall be organized within construction of 
two years after the passage of this act, it shall be null ^'^*- 
and void, and nothing herein contained shall be so con- 
strued so as to permit said company to do a banking busi- 
ness, or exempt said company from the operation of such 
general laws as may hereafter be passed upon the subject 
of insurance companies. 

§ 11. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved March 1, 1867. 



180 INSURANCE COilPANIES. 



In force Feb'y AN ACT to amend the charter of the Adams Insuraoce Companv of Frec- 
25.18«^- port, Illinois. 

Section 1. Be it enacted hy the Peoyle of the State of 
Illinois^ Teyresented in the General Assembly^ That it shall 
be lawful for the Adams Insurance Company of Freeport, 
Illinois, to receive, at the time of insuring of any person or 
Kotes payable pcrsons, a notc or notes, payable in annual installments, for 
ID mstaiiments. ^j^^ Q^^h, premium or any part thereof; which note or notes 
may be in addition to or in lieu of a premium note. If the 
Refusal to pay. maker of such note or notes shall neglect " or refuse to pay 
the amount of any installment for the space of thirty days 
after the same shall fall due by the terms of such note or 
notes, then and in every such case the policy issued, in 
w^hole or part consideratibn ot such note or notes, shall be 
Policy, whea null and void until the same is or are paid ; and if any per- 
^°'''" son or persons making such note or notes shall neglect or re- 

^t«"^iimentr^ ^'^^^® ^*^ P^^ ^"^" installment for the space of thirty days af- 
ter the same shall fall due, notice having been given by 
mail or otherwise of the maturity of said note or notes, then 
and in every such case the whole note upon which such 
installment is due shall immediately become due and pay- 
able ; and the said company may proceed at law and collect 
Suits. ^jjQ whole note or notes given for and in consideration of 

any policy of insurance, with costs of suit. Upon the sat- 
isfaction of any judgment the policy issued, in whole or 
part consideration of any note or notes upon which such 
judgment is rendered, sliall become and thereafter be in 
Payments. fuU forcc and virtuc. Payment of such note or notes shall 
be made at the office of said company in the manner pro- 
vided for the payment of assessments upon the premium 
or deposit notes by the charter and amendments thereto of 
the said company. 
Principal office § 2. Said couipauy shall have the right, at any time, to 
-remoTRi of. j.^move its principal office to the city of Chicago ; and, af- 
ter such removal, shall have power to do all and everything 
at the city of Chicago which it may now lawfully do in the 
city of Freeport. 
Hsiatence of | 3. The Said Company is authorized to continue the 
charter busiuess of iusurauce for the term of thirty years from the 

termination of this charter; also, to take in any one risk an 
amount not to exceed twenty thousand dollars, 
Eiectio.ii- § 4. The annual election of directors of said company 

shall be held at its home office, on the 14:, day of March, in 
each year, except when such day shall fall on Sunday, when 
such election shall be held on the following Monday. No- 
tice of such election shall be given in a public newspaper 
in the city where the home office of said [company] is or shall 
be located at least ten days preceeding to such election. 



ime,. etc. 



INSUKANCE COMPANIES. 181 

§ 5. A compensation may be allowed for guarantee cap- compensation. 
ital, not to exceed ten per cent, per annum of the amount 
subscribed, in lieu of a dividend. 

§ 6. All [provisions] contained in the act to which this is Repealed pro 
an amendment conflicting with the provisions of this act is 
hereby repealed, and this act, together with the several acts 
to which this act is an amendment, are hereby made public 
acts ; and they shall be liberally construed for the purposes 
therein mentioned. 

§ 7- This act and the act to which this is an amendment" constructioa o 
shall not be construed to exempt said company from the 
operation of any general law which may be hereafter en- 
acted by the general assembly on the subject of insurance. 

§ 8. This act shall take eifect and be in force from and 
after its passage. 

Appkoved February 28, 1867. 



;AX act to amend the charter of the Farmers' Insurance Company. In force Feb'y 

• ^ ■' 28, 186T. 

Section 1. Be it enacted by the People of the State of 
Illinois^ rejpresented in the General Assembly. That it Notes payable 
shall be lawful for The Farmers' Insurance Company to '"'"^^ rtim ^. 
receive, at the time of insuring of any person or persons, a 
note or notes, payable in annual installments, for the pre- 
mium, or any part thereof; which note or notes shall be in 
addition to or in lieu of a premium note. If the maker of 
such note or notes shall neglect or refuse to pay the amount P-'iymen's- 
of any installment for the space of thirty days, after the same 
shall fall due by the term or terms of such note or notes, then 
and in every such case the policy issued in part or whole con- 
sideration of said note or notes shall be null and void until the 
same is or are paid ; and if any person or persons making 
such note or notes shall neglect or refuse to pay any install- 
ment for the space of thirty days after the same shall fall 
due, notice having been given by mail or otherwise of the 
maturity of said note or notes, then and in every such case 
the whole note upon which installments is or are due shall 
become due and payable, and the said company may pro- 
ceed at law and collect the whole note or notes given for 
and in consideration of any policy of insurance, with costs 
of suit. Upon the satisfaction of any judgment, the policy 
issued in whole or in part consideration of any note or notes 
upon which suit is brought shall become in full force and 
virtue. Payment upon such note or notes shall be made 
at the ofhce of said company, in the manner provided for 
the payment of assessments upon premium or deposit notes 
by the charter of said company and the amendments thereto. 



Suits. 



182 INSURANCE COMPANIES. 

Exemptions. § 2. This act and the act to which this is an amendment 

shal] not be deemed to exempt said company from the ope- 
ration of such general laws as may hereafter be enacted by 
the general assembly on the subject of insurance. 

§ 3. This act is hereby made a public act, and shall 
take effect and be in force from and after its passage. 

Approved February 28, 18G7. 



In force Feb'y -AN ACT to amend an act entitled " An act to incorporate the Great Western 
28, 1867. Horse Insurance Company to insure against Thieves," approved Feb- 

ruary 16, 1865. 

Section 1 . Be it enacted hj the People of the State of 
Illinois^ represented in the General Assembly^ That the Great' 
Western Horse Insurance Company, in addition to the pow- 
ers and privileges granted to it by the act of its incorpora- 
Additionai tion, is hereby authorized and empowered to insure horses, 
i'nsu^e'.'^ *° cattle, mules, asses, and live stock generally, against death 
or accident, or both ; and the provisions of the act to which 
this is amendatory shall, in all respects, apply to the insu- 
rance hereby authorized. 
Banking busi- § 2. Nothing herein contained shall be construed so as 
ness prohibited ^q permit said company to do banking business, or exempt 
said company from the operation of such general laws as 
may hereafter be passed upon the subject of insurance 
companies. 

§ 3. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 
Approved February 28, 1867. 



In force Feb'y AN ACT to amend an act to incorporate the Pioneer Insurance Company. 
2S, 186T. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly^ That the 

Insurance rates, board of dircctors of Said company shall determine the rates 
of insurance, the sum to be insured on real, personal or 
mixed property, and the sum to be deposited for the insu- 
rance thereof. 

Brands. § 2. The Said company may have and use a common 

brand for the branding of all live stock insured in said 
company, in such manner as may be agreed upon between 
the company ani all applicmts for insurance therein. Any 
person or persons who shall use the brand of said company 



INSUKANCE COMPANIES. 183 

in the marking of live stock, without the authorit}'- and con- 
sent of the directors thereof, shall be held to be guilty of a 
misdemeanor, and shall be liable to a fine of not less than 
ten nor more than one hundred dollars. The said company 
may also maintain its action for the recovery of all damages 
resulting from the unauthorized use of its brand aforesaid. 

§ 3. That section twelve (12) of the act to which this is Amended sec- 
an amendment be amended by inserting after the word ''°"* 
"Carroll," in said section, the words "or at the city of Spring- 
field, and county of Sangamon." 

§ tt. All acts and things done by the directors at their Acts valid, etc. 
general office, in pursuance of the objects of said corpora- * 
tiun, shall be held to be as legally done and mutually bind- 
ing as if had and done at its home office in the county of 
Carroll, and state of Illinois. 

§ 5. Nothing in this act contained shall in anywise be contracts. 
construed to impair nor interfere with an}^ contracts or in- 
debtedness due or to grow due to or from the corporation 
created by the act to which tliis is an amendment. 

§ <J. Unless the said company shal beorganized within organization. 
two years after the passage of this act, then this act shall be 
null and void. And nothing in this act or in the act of 
which this is an amendment, shall be construed so as to 
permit said company to do banking business or exempt said 
company from the operations of such general laws as may 
hereafter be passed upon the subject of insurance companies. 

§ 7. This act shall be deemed a public act, and shall 
take eliect and be in force from and after its passage. 

Appkoyed February 28, 1867. 



AN ACT to incorporate the Soutliern Horse Insurance Companv. In force March 

^ ^ • 1,1867. 

Section 1. JBe it enacted hy the People of the State of 
Illi/n.ois^ represented in the General Assembly^ That George corporator?. 
Bickeihaupt, John Z. Quinn and John C. Burroughs, their 
successors, assigns and associates, be and the same are 
hereby created a body corporate and politic under the name 
and style of "The Southern Horse Insurance Company," Name and style 
capable in law and equity in that name, to sue and be sued, 
to plead and be impleaded, and to do ail other matters and 
things necessary in law to protect and defend its corporate vested rights. 
rights ; and may have a common seal, which they may change 
at pleasure. The said company is hereby authorized, by and 
through its proper agents and officers, to brand all animals Brands. 
by them insured, which brand shall consist of the letters 

; and when appearing upon any animal shall be prima 

facie evidence that such animal has been insured in said 



184: INSURANCE COMPANIES. 

company. It shall not be lawful for any person or persons, 
other than the regular officers or proper agents of said com- 
pany, to brand any animal with the brand above described ; 
and for every willful violation of this provision, the offender 
may be prosecuted in the name of the people of the state 
of Illinois, before any justice of the peace or public magis- 
trate, who may impose a fine, at his discretion, of not less 
than ten nor more than fifty dollars. 

capitni stock, § 2. The capitai stock of said company shall not be lees 
than fifty thousand dollars, divided into shares of one hun- 
♦ dred dollars each, which said stock shall be deemed per- 
sonal property and be transferable on the books of the com- 
pany. 

stonk snbscrip- § 3. The persons hereinbefore named are hereby aiy- 

tioii. pointed commissioners for procuring subscriptions to the 

capital stock of said company ; and they shall open sub- 
scription books in the city of Alton, for such stock ; and 
the said books shall be kept open, from time to time, until 
said sum of fifty thousand dollars shall have been subscribed. 
The home office of said company shall be located at the city 
of Alton. 

Officers and § -I- Whcu fifty thousand dollars of said stock shall 

dueetors. liavo bcon subscribcd, and ten per cent, actually paid in, 
said commissioners shall notify the stockholders thereof, 
and appoint a time and place at which they shall meet and 
elect not less than three directors, whose duty it shall be to 
manage the business of said company, and who shall also hold 
their offices for one year and until others shall be elected in 
their places. And annually thereafter the board of direc- 
tors shall be elected by the stockholders of said company, 
who shall be entitled, in all elections, to cast one vote for 
each share of stock. 

Surrender qf § 5. When the board of directors of said company shall 
lunds, etc. j^ave been elected, as aforesaid, the above named commis- 
sioners shall deliver to said directors the Subsciption books, 
moneys collected on subscription, and all other papers and 
things in their hands necessary to a full organization of said 
company. And said board of directors shall proceed to 

Organization. .Organize, by the election of a president and secretary. The^^ 
may also elect any other officers or agents they may deem 
necessary for the successful working of said company, who 
shall hold their offices for one year and until their successors 
are elected. The board of directors may adopt such by- 
laws for the general conduct of the business of the com- 
pany, fix or change the location of the offices thereof, in- 
cluding tlie principal office, or the amount of capital stock, 
• as they may from time to time deem advisable. They shall 
also fix the salaries and define the duties of all employees 
01 tlie company. 

Certificates of § 6. When the board of directors shall have organized 
said company, as provided in section five, they shall, by 



stock, etc. 



INSUKANCE C03IPAIsTES. 1S5 

public or personal notice, of at least ten days, require all 
unpaid stock to be secured by good and legal stock notes, 
payable on demand to said company, and shall issne there- 
fur certificates of stock, and setting torth the amount paid 
in cash and the amount and terms of the notes for the 
residue. 

^ 7. Said company sh ill have power to issue policies of Business and 

• • • • L 1 1 \^ • I' 2.V, • J? 1 operations. 

insurance, msurmg agamstloss by thiei or thieves ol horses, 
cattle, mules, asses, ana live stock generally ; which poli- 
cies shall be upon the stock plan, and upon such terms and 
comlitions as its board of directors may from time to time 
determine ; and to du all necessary acts and things re- 
quired in law, to make such policies legal, equitable and bind- 
ing. All policies of insurance issued by said company 
shall be signed by the president and secretary, 

§ 8. Unless the said company shall be organized within Banking bu*i- 
two years after the passage of this act, then this act shall be ^^^^ Prohibited 
null and void. And nothing in this act shall be construed 
so as to peimit said company to do banking business, or 
exempt said company from the operation of such general 
laws as may heieafter be pasted upon the subject of insu- 
rance companies. 

§ 9. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved March 1. 1867. 



AN ACT to amend the charter of the National Accident and Life Insu- In force March 
ranee Company of Decatur, Illinois. 1,1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Asserahly, That the home Home office, 
ofhce of the Xationai Accident and Life Insurance Com- 
pany of Decatur, Illinois, may at any time be changed by 
the stockholders of said company to Chicago, in said state. 
And all acts and things authorized to be done by said com- 
pany at Deca ur, Illinois, shall be lawful if done at such 
other place as said stockholders may select. 

§ 2. Beit further eyiacted^ thai ih."^ wsiVCiQ of &Q.\dcoxn\)Q.r\j xame ch.inged. 
may at any time be chanired to "Lorillard Life Insurance Com- 
pany ;" and by that name and style retain all the powers and 
privileges, and be subject to all the restrictions provided in 
the bill for incorporating the jS^ational Accident and Life 
Insurance Company, of Decatur, Illinois. 

§ 3. Unless the said company shall be organized within organization, 
two years after the passage of this act, then this act shall 
be null and void. And nothing in this act or in the act of 
which this is an amendment shall be construed so as to 



186 INSUEANCE COMPANIES. 

Banking permit said company to do banking business, or exempt 

prohibited. g^j^ company from "the operation of such general laws as 
may hereafter be passed upon the subject of insurance 
companies. 

§ 4. This act shall be deemed a public act, and shall 
take eifect and be in force from and after its passage. 
Appeoved March 1, 1867. 



In lotce Feb'y AN ACT to amend an act entitled "An act to incorporate the Merchants' 
-^> 'S67. Insurance Company." 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Asseinbly^ That tlie 
Directors board of directors of said company may be composed of 

any number of persons not exceeding thirty-five, 

§ 2. The board of directors of said company may, at 
any time, determine the number ot directors of which the 
succeeding board shall consist. 
Bankin^r § 3. And uothiug in this act or in the act of which this 

prohibited. jg q^ amendment shall be construed so as to permit said 
company to do a banking business, or exempt said com- 
pany from the operation of such general laws, as may be 
hereafter passed upon the subject of insurance companies. 

§ 4. This act shall be deemed a public act, and shall 
take eifect and be in force from and after its passage. 

Appeoved February 25, 1867. 



In lorce JIarch AN ACT to incorporate the McDonoufrh County Home Insurance Company. 
7,1867. D „ 

Section 1. Be it enacted hy the Ftople of the State of 
Illinois^ represented in the General Assembly, That I). 

Corporators, linnklc, Joscph Lowues, L. G. Reid, Solomon Kious, Sam- 
uel K. Hedrick, James M. Hamilton, John B. Cammings, 
Amaziah Hanson, Jonathan H. Baker, Joseph Burton, 
Charles M. Ray, Charles Chandler, William S. Bailey and 
John S. Wooley and their associates, successors and assigns, 
be and they are hereby created a body politic and corpo- 

Nameand style, rate. Under the name and style of "The McDonough County 
Home Insurance Company," and, by such name, may have 

Corporate pcrpctual succcssion, may sue and be sued, implead and be 

powers. impleaded, answer and be answered unto in all courts and 

places whatsoever ; and to have and use a common seal, 

and to renew and alter the same a^ pleasure. Said company 



INSURANCE COaiPANIES. 187 

shall have power to purchase, hold, enjoy and convey all 
such real or personal property as shall be necessary for the 
convenient transaction of the business and -affairs of said 
company, and for the preservation and safe keeping of the 
books, papers and records of said company ; and also to 
make all such by-laws, rules and regulations, not inconsist- By-iaws, etc. 
ent with the constitution and laws of the United States or 
of this state, as shall be necessary for the proper manage- 
ment, regulation or control of the business or affairs of said 
company, and amend or repeal the same. 

§ 2. Said company shall have power to insure any and Business and 
all persons, companies and corporations against loss or "p^'^**''''^^- 
damage by fire, lightning or wind, to any dwelling house, 
store, shop, barn, or other buildings, household furniture, 
merchandise, or other property, whether personal or real, 
both to persons or property, and against all risks by inland 
navigation and transportation, of persons or property, in- 
cluding navigation or transportation upon any and all the 
rivers, canals and lakes within the United States of America, 
and the several provinces in jSTorth America belonging to 
the government of Great Britain, and also including trans- 
portation upon all railroads within the United States and 
said British provinces ; and to do all such acts and things 
appertaining to such business of insurance as may be ne- 
cessary fur the proper transaction of the same. 

§ 3. The capital stock of said company shall not be less capital "ock. 
than one hundred thousand dollars, and may be increased 
to any sum not exceeding eight hundred thousand dollars, 
to be divided into shares of fifty dollars each ; and said 
stock shall be personal property, and be assignable and 
transferable only on the books of said company and under 
such regulations as the directors may establish. 

§ 4. The persons above named, or any five of them, are stock subscnp- 
hereby appointed commissioners to receive subscriptions to *'°"' 
the said capital stock of said company, and shall, as soon 
after the passage of this act as they or a majority of them 
shall deem advisable, open books to receive subscriptions to 
said capital stock ; and whenever not less than one hundred 
thousand dollars of said capital stock shall have been sub- 
scribed, and not less than ten per cent, thereof actually paid 
in to said commissioners, in good faith, in cash, and the re- 
mainingjainety per cent, secured by mortgage on real estate 
worth double the amount, or secured by United States or 
other bonds at their market value, said company shall be 
authorized to become organized under this act, and to elect 
a board of directors, and to enter upon the transaction of 
said insurance business. 

§ 5. The board of directors shall be authorized to elect Officers. 
a president, vice-president, secretary, treasurer, and general 
agent for said company, and such other officers as they 
may deem proper, and determine the term of office and 



188 



INSUKANCE COMPAJSriES. 



Vote 
holder 



Certificate of 
orMiiiziitien. 



Premiums 
insurance. 



Payment 
stock. 



mode of election of tlie same ; to enact all by-laws, rules 
and regulations of said company, and to provide for the ap- 
pointment of all such committees, attorneys, agents and. 
servants as to said board" of directors shall seem proper. 
The first board of directors shall consist of nine members, 
all of whom shall be stockholders of said company ; and the 
number of directors may, thereafter, be increased or dimin- 
ished by said company, not, however, to be less than live 
nor more than thirty-one ; and no person shall be eligible 
to the office of director who shall not at the time of his elec- 
tion be the owner, in good faith, in his own right, of at least 
of stock- Hve shares of the capital stock of the company ; and in all 
elections, each share of said capital stock of said company 
shall be entitled to one vote. 

§ 6. Said company on becoming organized and before 
transacting any insurance business under such organization, 
shall file a certificate of such organization, specifying the 
amount of capital stock subscribed and the amount actually 
paid in, in cash, and the names of the iirst board of direc- 
tors and the term of office for which they were elected ; 
which certificate shall be executed under the hands and 
seals of said directors, and acknowledged by them before 
some officer authorized to take the acknowledgments of 
deeds, and recorded in the office of the clerk of the circuit 
court of the county of McDonough ; and on recording said 
certificate said company shall be deemed fully organized 
and entitled to enter upon and exercise and enjoy all the 
for rights and franchises conferred by this act. And said com- 
pany shall have power to charge and receive for insurance, 
as provided in this act, such premium or premiums as shall 
be agreed upon between the parties, either upon the stock 
or mutual plan, or both, 
of § 7. The board of directors shall have power, from time 
to time, to require the payment of additional iubtallmentg 
v^ of said capital stock, until the whole of said capital stock 
shall be paid in ; and each stockholder shall be held liable 
for the debts of said company for any and all losses and 
liabilities, to the amount of stock subscribed by him, and 
no more ; and the said directors may cause said capital 
stock to be invested in the bonds of the United States or 
this state, or in the stocks of any national bank organized 
under any law of congress, or in mortgages upon real es- 
tate — said land in all cases to be unincumbered and to be 
worth at least fifty per cent, more than the amount secured 
thereon ; and said company may, under such rules as said 
directors may prescribe, make dividends to said stockholders 
out of the net profits of the business of -said company. 

§ 8. The principal office of said company shall be loca- 
ted in the city of Macomb, in said county of McDonough, 
but the officers of said compan}'- may appoint such agents 
in other places as they may deem necessary. 



Principal office, 



INSUKANCE COMPANIES. 189 

§ 9. Said company shall have power to receive, hold, Possession of 
sell and convey all such property, personal or real, as shall P''opeity, etc. 
be mortg-aged, pledged, sold or conveyed to them in secu- 
rity or payment of any indebtedness due in good faith to 
said company, or in any manner or in good faith owing to 
them or conveyed to them under any sale by virtue of any 
legal process, decree or order of any court, made for and 
upon any such indebtedness. 

§ 10, All policies of insurance issued by said company policies signed, 
shall be signed by the president or vice-president and sec- 
retary, and all such policies shall be valid and binding on 
said company. 

§ 11. A statement of the true condition of the company statements. 
shall be made to the stockholders each year — the officers 
thereof under oath— at time of the annual election of direc- 
tors. 

^12. Unless the said company shall be organized within Time of or.sani- 
twelve months after the passage of this act, then this act ^^''t'°n i'™''^'^- 
shall be null and void. And nothing herein contained 
shall be so construed as to exempt said com|3any from 
the operation of such general laws as may hereafter be pass- 
ed upon the subject of insurance companies. 

§ 13. This act shall be deemed a public act, and take 
effect from and after its pass 

Approved March 7, 1867. 



AN ACT to incorporate the Home Insurance Company of Fulton Illinois. In fore© March 

6,1&67. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Chester corporators. 
D. Hooke, John H. Morton, Peter G. Gardner, William F. 
Hayt, Stephen B. Gomgus, and their associates, successors 
and" assigns, be and they are hereby created a body politic 
and corporate, under the name and style of "The Home Name and style 
Insurance Company;" and, by such name shall have per- 
petual succession ; may sue and be sued, implead and be 
impleaded, answer and be answered unto, [in] all courts and Powtrs, 
places whatsoever ; and to have and use a common seal, 
and to renew and alter the same at pleasure. Said company 
shall have power to purchase, hold, enjoy and convey all 
such real or personal property as shall be necessary for the 
convenient transaction of the busines and affairs of said 
company; and also to make all such by-laws, rules and 
regulations, not inconsistent with the constitution and 
laws of the United States or this state, as shall be necessary 
for the proper management, regulation or control of the 
business and affairs of said company, and to amend or 
repeal the same. 



100 



INSURANCE COMPANIES. 



Businesi 
powerp. 



Capital stock, 



Subscription 






§ 2. Said company shall have power to insure any and 
all persons, coiiipauies or corporations, against loss or dam- 
age by lire, lightning, winds, or tornadoes, to any dwelling 
house, store, shop, or other building, household furniture, 
merchandise or other property, whether personal or real, 
and against accidents of every description, and against all 
risks by inland navigation or transportation ; and to do all 
such acts and things, appertaining to such business of insu- 
rance, as may be necessary for the proper transaction of the 
same. 

§ 3. The capital stock of said companj^, shall be two 
hundred thousand dollars, and may be increased to any sum 
not exceeding hve hundred thousand dollars, to be divided 
into shares of one hundred dollars each : and said stock 
shall be personal property, and be assignable and transferable 
only on the booiis of said company, and under such regula- 
tions as the directors may establish, 

§ 4. Any three of the above named persons are hereby 
authorized to receive subscriptions to the capital stock of 
said couapauy, and shall, as soon after the passage of this act 
as they may deem advisable, open books to receive subscrip- 
tions to said capital stock; and whenever not less than 
one hundred thousand dollars of said stock shall .have 
been subscribed, and not less than ten per cent, thereof 
actually paid, in good faith, in cash, and the remaining 
ninety per cent, secured by United States bonds, national 
bank currency, or bond and mortgages, or liens on real 
estate, ^\^orth, at cash valuation, twice the amount of said 
lien, said company be authorized to become organized under 
this act, and to elect a board of directors, and to enter 
upon the transaction of said insurance business. 

§ 5. The board of directors shall be authorized to elect 
a president, vice president, secretary, treasurer, general 
agent, and such other officers and agents as they may 
deem proper, and determine the term of ofHce and mode of 
election ; to enact all by-laws, rules and regulations of said 
company, and to repeal or amend the same; and to provide 
for the appointment of all such committees, attorneys, agents 
and servants, as said board of directors shall deem proper. 
The Urst board of directors shall consist of five; all of 
whom shall be stockholders of said company ; and the num- 
ber of directors, thereafter, may be increased to any number 
not exceeding fifteen ; and no person shall be eligible to the 
office of director who is not a stockholder in said company 
at the time of his election ; and in all elections each share 
of the capital stock shall be entitled to one vote, 
of § 6. Said company, on becoming organized, and before 
■ transacting any business under such organization, shall file 
a certiiicate of such organization, specifying the amount of 
capital stock subscribed and the amount actually paid in, and 
the names of the first board of directors, and the term of 



INSUEAKCE COMPANIES. 191 

office for which they were elected ; which certificate shall 
be executed under the hands and seals of said directors 
and acknowledged by them before some officer authorized 
to take the acknowledgments of deeds, and recorded in the 
office of the clerk of the circuit court of Whiteside county; 
and, on recording said certiticate, said company shall be 
deemed fully organized, and entitled to enter upon and 
exercise and enjoy all the rights and franchises conferred 
by this act; and said company shall have power to charge 
and receive for insurance, as provided in this act, such pre- 
mium or premiums as shall be agreed upon between the 
parties, either upon the mutual or stock plan, or both. 

§ 7. The board of directors shall have power, from time [nstaiimenta. 
to time, to require the payment of additional installments of 
said capital stock, to be used for the payment ol losses only ; 
and each stockholder shall be held liable for the debts of said stockholders' 
company for all losses, to the amount of said capital stock ^"''^'''''®^- 
and no more; and the said directors may cause said capital 
stock to be invested in the bonds of the United States, or investment of 
this state, or in the stocks of any national bank organized capital stock, 
under any laws of congress, or in mortgages on real estate 
■ — said laud, in all cases, to be unincumbered, and worth 
not less than fifty per cent, more than the amount so secured ; 
and said company may, under such rules as the directors 
may prescribe, make dividends to said stockholders out of Dividends, 
the net profits of the business of said company. 

§ 8. The principal office of said company shall be loca- Principal office, 
ted in the city of Fulton, county of Whiteside, but the offi- 
cers of said company may appoint such agents in other 
places as they may deem necessary. 

§ 9. Said company shall have power to receive, hold, Possession of 
sell, and convey all such property, personal or real, as shall pr"P"'y'«''^- 
be mortgaged, pledged, sold or conveyed to' them, in secu- 
rity or payment of any indebtedness due, in good faith, to 
said company, or in any manner in good faith owing to them, 
or conveyed to them under any sales by virtue ot any legal 
process, decree, or order of any court, made for and upon 
any such indebtedness. 

g 10. All policies issued by said company shall be Policies signed. 
signed by the president or vice president and secretary ; 
and shall be binding and valid on said company. 

§ 11. A statement of the true condition of the company 
shall be made to the stockholders of said company each year, statemecis, 
by the officers thereof, under oath, at the time of the 
annual election of directors. 

§ 12. Unless said company shall be organized within 
two years after the passage of this act. then this act shall rime for organi- 
be null and void. And nothing in this act shall be 
construed so as to permit said company to do a banking 
business, or exenfpt said company from the operation of 



192 



INSURANCE COMPANIES. 



siicli general laws as may hereafter be passed upon the sub- 
ject of insurance companies. 

§ 13. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved, March 6, 1867. 



En force March 
7, 1867, 



Corperators. 



Name and style, 
Powers, 



Capital stoek. 



Oi-fcanization. 



•Officer*. 



AN ACT to incorporate the Bloomingtoii Insurance Company. 

Section 1. Be it enacted by the People of the State of 
Illinois^ repr^seyited in the General Assefmhlij, That John M. 
Scott, John E. McClun, John Magown, Peter Fjlsom, 
George W. Parke and Robert E. Williams, their associates 
and successors, and all snch persons as shall become stock- 
holders, be and thev are hereby created a body corporate 
and politic, by the name and style of "The Blooraingtoa 
Insurance Company." The corporation may have a com- 
mon seal, and power to appoint all such servants and agents 
as it may deem necessary, and may make, ordain and 
establish such by-laws, rules and regulations for the manage- 
ment of its affairs as it may think proper, not inconsistent 
with the laws and constitution of the IJnited States and the 
state of Illinois ; and, again, at its pleasure, to amend, alter 
and repeal the same, and to have, possess, and enjoy all 
those rights, privileges and immunities of any and all other 
like corporations, and to be recognized in all its rights and 
powers without pleading the same in all the courts of the 
state ot Illinois. 

§ 2. The capital stock of this company shall be one hun- 
dred thousand dollars, with power to increase the same to 
any sum not exceeding five hundred thousand dollars, by a 
vote of a majority in interest of the paid stock, of the date 
of such vote, which shall be divided into shares of one 
hundred dollars each, and which shall be deemed personal 
property, and transferable on the books of the company 
only, under such regulations as may be adopted by the 
company. 

§ 3. When a subscription to the capital stock of not less 
than one hundred thousand dollars, shall have been made and 
ten per cent, thereof actually paid, in cash, and the other 
ninety per cent, shall have been secured by a deposit of United 
States stocks to that amount, at the par value of said stocks, 
or in mortgages on unincumbered real estate of double the 
value of the stock so secured, the subscribing stockholders 
may meet and choose a board of not less than three nor more 
than nine directors, in whom all the powers of the corpora- 
tion, not otherwise herein specially limited and provided, 
shall be vested. The board of directors may choose one of 



INSUEANCE COMPANIES. 193 

their number a president, and another a vice president, also 
a secretary, and treasurer, and such other otficers and agents 
as they may deem necessary, and whose qualifications, du- 
ties and compensation may be fixed and prescribed in the 
by-laws, regulations and resolutions of the board of direc- 
tors, from time to time. The board nf directors shall hold 
their offices for one year, and until their successors are 
elected and qualified. The term of office of tlie secretary, 
treasurer, and other employees shall be fixed by the board 
of directors. The home office of this corporation shull be Home office, 
at the city of Blooraington, in McLean county, Illinois. 

§ 4. The said company shall have power to make insu- Huf^iness and 
ranee against loss by fire or any and all kinds of property, 
real and personal, houses and fixtures; to make insurance 
and take any and all marine risks, and to fix, charge and 
receive such rates of premium therefor as may be agreed 
upon between the parties ; and any or either of the risks and 
insurance, fire or marine, shall be done upon the stock 
principle. •» 

§ 5. The coporation may declare dividends ; but all divi- oividenda. 
dends shall be applied in payment of the capital stock sub- 
scribed, until the amount subscribed by each shareholder 
shall have been paid up in fnll, by the dividends declared 
upon the stock ; and so of the stock subscribed, from time 
to time ; and the capital stock may be called in as may be 
required by the by-laws. 

§6. The company may invest any surplus capital or invest funds, 
other money on hand in any kind of stocks or other securi- 
ties deemed safe. The company may own such real estate 
as may be needful to transact its business ; and may take, 
liold, sell and convey such other real estate as it may deem 
necessary to secure any loan or debt due by judgment or 
otherwise. In all cases of loss exceeding the property and stoekheiders' 
paid stock of the company, each shareholder shall be liable, 
pro rata, on the amount and to the amount of unpaid stock 
due from each. 

§ 1. Said company may establish agencies, and do all Agencies. 
such acts, by and through them, according to the powers 
herein granted, as may be authorized by the by-laws and 
regulations. The board of directors may fix, d«termine By-iaws.etc. 
and prescribe in the by-laws, the manner of making appli- 
cations, and the terms and conditions of the policy, and the 
manner of adjusting losses. The board of directors may 
prescrilae the manner in which the unpaid stock shall be 
secured. 

§ 8. Unless the said company shall be organized within rime of m-Rani- 

. ^ ,«, ,1 '^ ,. "^ , . , " 1 . , 1 11 nation limited 

two years after the passage of tins act, then this act shall 
be null and void', and nothing herein contained shall be 
construed so as to permit said company to do banking Banking 
business, or exempt said company from the operation of P^'oh'b'ted. 



19i INSURANCE COMPANIES. 

. Bucli general laws as may hereafter be passed upon the sub- 
ject of insurance companies. 

§ 9. This act shall take effect from and after its passage. 
Approved March 7, 1867. 



In force March AN ACT to incorporate the Sandwich Fire Insurance Company. 

T, 1S6T. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That William 
Patten, Nathaniel Smith, W. L. Simmons, M. B. Castle and 
Wm. H. Robison, and their associates, successors, and as- 
signs, be and they are hereby created a body poh"tic and 

Name and style Corporate, uudcr the name and style of ''The Sandwich Fire 
Insurance Company ;" and by such name may have per- 

Powers. petual succession^ may sue and be sued, implead and be im- 

pleaded, answer and be answered unto in all courts and 
places whatsoever; and to have and use a common seal, 
and to renew and alter the same at pleasure. Said company 
shall have power to purchase, hold, enjoy and convey all 
sucli real or personal property as shall be necessary for tlie 
convenient transaction of the business and affairs of said 
company, and for the preservation and safe keeping of 
the books, papers and records of the said company ; and 
also to make all such by-laws, rules and regulations, not in- 
consistent with the constitution and laws of the United 
States or of this state, as shall be necessary for the proper 
nianagement, regulation or control of tlie business or affairs 
of said company, and amend or repeal the same. 

Business and § 2. Said Company shall have power to insure any and 
operiitions. ^^ persous, compauies and corporations, against loss or 
damage by fire, lightning or wind, to any dwelling house, 
store, shop or other buildings, household furniture, merchan- 
dise or other property, whether personal or real, and against 
accidents of every description, both to persons or property, 
and against all risks by inland navigation and transporta- 
tion, of persons or property, including navigation or trans- 
portation upon an}^ and all the rivers, canals and lakes 
within the United States of America and the several pro- 
vinces in North America belonging to the government of 
Great Britain, and also including transportation upon all 
railroads within the United States and said British Pro- 
vinces; also, to insure horses, and all kinds of stock of 
every description against theft ; and to do all such acts and 
things appertaining to such business of insurance as may 
be necessary for the proper transaction of the same. 
Capital stock § 3. The capital stock of said company shall not be less 
than one hundred thousand dollars; and may be increased 



INSURANCE COMPANIES. 195 

to any sum not exceeding live hundred thousand dollars, to 
be divided into shares of one hundred dollars each; and 
said stock shall be personal property, and be assiojnable 
and transferable only on the books of said company, and 
under such regulations as the directors may establish, 

§ 4. The persons above named are hereby appointed stock subacri-p- 
comraissioners to receive subscriptions to the capital stock "''"• 
of said company, and shall, as soon after the passage of 
this act as they or a majority of them shall deem advisable, 
open books to receive subscriptions to said capital stock; 
and whenever not less than one hundred thousand dollars 
of said capital stock shall have been subscribed and not 
less than ten per cent, thereof actually paid in to said com- 
missioners, in good faith, in cash, and the remaining ninety 
per cent, secured by mortgages upon unincumbered real 
estate worth double the amount secured, or by United 
States bonds or Illinois state stocks, said company shall be 
authorized to become organized under this act, and to elect 
a board of directors, and to enter upon the transaction of 
said insurance business, 

§ 5. The board of directors shall be authorized to elect oiBeers. 
a president, vice president, secretary, treasurer, and general 
agent for said company, and such other officers as they may 
deem proper; and determine the term of office and mode ' 

of election of the same; to enact all by laws, rules and 
regulations of said company, and to provide for the appoint- 
ment of all such committees, attorneys, agents and servants, 
as the said board of directors shall see proper. "Phe first 
board of directors shall consist of nine members, all of 
whom shall be stockholders of said company ; and the 
number of directors may thereafter be increased or dimin- Directors, 
ished by said company, not, however, to be less than five 
nor more than thirty-one; and no person shall be eligible to 
the office of director who shall not, at the time of his elec- 
tion, be the owner, in good faith, in his own right, of at 
least five shares of the capital stock of the company ; and 
in all elections each share of said capital stock of said com- 
pany shall be entitled to one vote. 

§ 6. Said company, on becoming organized, and before organi^atioa. 
transacting any insm-ance business under such organization, 
shall file a certificate of. such organization, specifying the 
amount of capital stock subscribed and the amount actually 
paid, in cash, and the names of the first board of directors, 
and the term of office for which they were elected ; which 
certificate shall be executed under the hands and seals of 
said directors, and acknowledged by them before some offi- 
cer authorized to take the acknowledgments of deeds, and 
recorded in the office of the clerk of the circuit court of 
the county of DeKalb; and, on recording said certificate, 
said company shall be deemed fully organi?:ed and entitled 
to enter upon and exercise and enjoy all the rights and 



196 INSURANCE COMPANIES. 

franchises conferred by this act; and said company shall 
have power to charge and receive for insurance, as provided 
in this act, such premium or premiums as shall be agreed 
upon between the parties, either upon the stock or mutual 
plan, or both. 
ravinent of § 7. The board of directors shall have power, from time 
, "'°'^^'^- to time, to require the payment of additional installments 

of said capital stock, until the whole of said capital stock 
shall be paid in; and each stockholder shall be held liable 
for the debts of said company, for any and all losses and 
stockholders— liabilities, to the amount of stock subscribed by him, and 
liabilities ot. ^^ more; and the said directors may cause said capital 
Investment of stock to bc iuvcstcd iu the bonds of the United States or 
itock. ^Y\\s state, or in the stocks of any national bank organized 

under any law of congress, or in mortgages upon real estate 
— said land, in all cases, to be unincumbered and to be 
worth at least fifty per cent, more than the amount secured 
thereon ; and said company may, under such rules as said 
directors may prescribe, make dividends to said stockhold- 
ers out of the net profits of the business of the said com- 
pany. 
rrindpai office. § 8. The principal oflice ot the said company shall be 
located in the village of Sandwich, in the said county of De 
Kalb, but the ofiicers of said company may appoint such 
agents in other places as they may deem necessary. 
Property, etc. § 9. Said compauy shall have power to receive, hold, 
sell and convey all such property, personal or real, as shall 
be mortgaged, pledged, sold, or conveyed to them, in secu- 
rity or payment of any indebtedness due, in good faith, to 
said company, or in any manner, in good faith, owing to 
them or conveyed to them under any sale by virtue of any 
legal process, decree or order of any court, made for and 
upon any such indebtedness. 
Policies signed. § 10. All poficics of insuraucc issued by said company 
shall be signed by the president or vice president and 
secretary; and all such policies shall be valid and binding 
on said company. 
Annual state- • §11- A Statement of the true couditioB of the compauy 
ment?. shall be made to the stockholders each year, by the officers 

thereof, under oath, at the time of the annual election of 
directors. 
Time of organi- § l^' Uuless the compauy shall be organized withia 
zation limited, twclvc mouths after tho passage of this act, then tliis act 
shall be null and void. And nothing herein contained shall 
be construed so as to permit said company to do banking 
business, or exempt said company from the operations of 
such general laws as may hereafter bo passed upon the sub- 
ject of insurance companies. 
Banking bu.vi- § 13. Tliis act shall be decmcd a public act, and shall 
ness prohibited ^^^^ effcct and be in force from and after its passage. 
Approved March 7, 1867. 



INSURANCE COMPANIES. 19, 



AN' ACT to amend the charter of the Illinois Mutual Fire Insurance in force Manli 
Company. 7. ISCT. 

Section 1. Be it enacted ly the Feople of the State 
of Illinois, rejpvesented in the General AssemUy, That, subscription, 
the directors of the Illinois Mutual Fire Insurance Compa- 
ny are hereby authorized to open books and receive subscrip- 
tions for capital stock to said company to the amount of 
one hundred thousand dollars, with power to increase the increase of the 
same, from time to time, as a majority of the stockholders '^-''P'''*' ^t"^'^- 
thereof shall determine, to any amount, not exceeding one 
million of dollars ; which shall be divided into shares of fifty 
dollars each, and shall be deemed personal property, and 
transferable only on the books of the company, under such 
regulations as may be adopted by the directors : Provided, 
that the directors shall give notice of their intention to open open books, 
books, as aforesaid, by publishing a notice, for at least thirty 
consecutive days prior to the receiving of subscriptions, in 
one or more papers published in this state, one of which 
shall be published in the city of Alton, which notice shall 
set forth the time, terms and place of receiving subscrip- 
tions ; and the present members of said insurance company 
shall have a preference in the subscribing for said capital 
stock. 

§ 2. The stock capital of the company, herein provided stockhoidev.^ - 
for, shall be holden for all the liabilities now owing by said 
insurance company, as also for all liabilities contracted sub- 
sequent to the passage of this act ; and the surplus fund of 
said company, which may exist on the day of the closing of 
said books, shall be distributed among the then members 
of said compan}^, within ninety days thereafter, except so ■ 
inuch thereof as shall be necessary to re-insure, at aj9w 
rata rate, the risks held by said company on the day of the 
Closing of said subscription books. 

§ 3. The directors shall have power to prescribe the Terms of sub- 
manner and terms of subscription to the capital stock, pow- '*'^'"'p''°"- 
er to invest the same and all company funds, in such man- 
ner as they sUall deem best for the interest and safety of the 
company, and power to declare dividends. 

§ 4. When a subscription to the capital stock of one stock policies, 
hundred thousand dollars shall have been made and paid, 
in cash, the company may issue stock policies, insuring on 
all descriptions of property against loss or damage by fire 
and the risk of marine and inland navigation and transpor- 
tation. 

■ § 5, In the election of directors, each shareholder shall vote of 
be entitled to one vote for each share of stock holden by him. 

§ 6. This act shall be deemed a public act, and shall take 
effect from and after its passage, and its acceptance by a 
majority of the members of said company, voting in person 



Vote of stock- 



198 



INSUKANCE COMPANIES. 



or by proxy, at its annnal meeting, to be holden on the 
fourth Tlmrsday of April next. 
Bubjeet to § 7. This act shall be subject to the provisions of any 

general laws. " , , f. i • 'i ,.',.. -^ 

general law oi this state on the subject oi insurance or in- 
surance companies. 

Approved March 7, 1867. 



In (oice March AN ACT to incorporate the Bloomington Insurance Company. 

7. 18G7. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That John 

Coipoiatois. E. McClun, John Magoun, and Peter Folsom, their asso- 
ciates and successors, and all such persons as shall become 
stockholders, be and they are hereby created a body cor- 

Namn ,111.1 style porato aud pohtic, by the name and style of "Bloomington 
Insurance Company." The corporation may have a com- 
n^on seal, and powers to appoint all such servants and agents 

Powers. etc. as it may deem necessary; and may make and ordain and 
establish such by-laws, rules and regulations, for the man- 
agement of its affairs, as it may think proper, not incon- 
sistent with the laws and constitution of the United States 
and the state of Illinois, and, again, at its pleasure, to amend 
alter and repeal the same, and to have process and enjoy 
all those rights, privileges and immunities of any and all 
other like corporations, and to be recognized in all its rights 
and powers, without pleading the same, in all the courts of 
the state of Illinois. 

Capital stock. § 2. The capital stock of this company shall be one 
hundred thousand dollars, with power to increase the same 
to any sum not exceeding five hundred thousand dollars, by 
a vota of a majority in interest of the pai I stock, of the 
date of such vote, which shall be divided into shares of one 
hundred dollars each, and which shall be deemed personal 
property, and transferable on the books of the company 
only, under such regulations as may be adopted by the 
company. 

orsaniMtion. § 3. When a subscription to the capital stock, of not less 
than one hundred thousand dollars, shall have been made, 
and ten per cent, thereof actually paid, in cash, the sub- 
scribing shareholders may meet and choose a board of not 
less than three or more than nine directors, in whom all the 
powers of the corporation, not otherwise herein specially 
limited and provided, shall be vested. The board of direc- 
tors may choose one of their number a president, and anoth- 
er a vice president, also a secretary, and treasurer, and 
such other officers and agents as they may deem necessary, 
and whose qualifications, duties and compensation may be 



IN-SURAJTCE COMPANIES. 199 

fixed and prescribed in the by-laws, regulations and resolu- 
tions of the board of directors, from time to time. The 
board of directors shall hold their otiices for one year and 
until their successors are elected and qnalilied. Ihe term 
of otfice of the secretary, treasurer, and other employees, 
shall be tixed by the board of directors. The home utiice Home office, 
of this corporation shall be at the city of Bloomington, in 
McLean county, Illinois. 

§ 4". The said company shall have power to make insu- ManaE^ement of 
ranee against loss by lire on any and all kinds of property, ^^'•''■'* 
real or personal, houses and fixtures; to make insurance 
and take any and all marine risks, and to charge, fix and 
receive such rates of premium therefor as may be -agreed 
u|)on between the parties; a:id any or either of the risks 
and insurances, fire or marine, shall be done upon the stock 
principle. 

§ 5. The corporation may declare dividends; but all Dividends, 
dividends shall be applied in payment of the capital stock 
subscribed until the amount subscribed by each shareholder 
shall have been paid up in fall, by the dividends declared 
upon the stock ; and so of the stock subscribed, from time 
to time. And the capital stock may be called in as my be 
required by the by-laws. 

§ 6. The company may invest any surplus capital or invesimpnt of 
other money on hand in any kind of stocks or other securi- funds, ttc. 
ties, deemed safe. The company may own such real estate 
as may be needful to transact its business, and may take, 
hold, sell and convey such other real estate as it may be 
deemed necessary to secure any loan or debt due, by judg- 
ment or otherwise. In all cases of loss, exceeding the prop- 
erty and paid stock of the company, each shareholder shall' 
be liable, ^j'rc* rata^ on the amount and to the amount of 
unpaid stock due from each. 

§ 7. Said company may establish agencies and do ail Agencies, 
such acts by and through them, according to the powers 
herein granted, as may be authorized by the by-laws and 
regulations. The board of directors may fix, determine and 
prescribe, in the by-laws, the manner of making applica- Bylaws, eic 
tions, and the terms and conditions of the policy, and the 
manner of adjusting losses. The board of directors may 
prescribe the manner in which the unpaid stock shall be 
secured. 

§ 8. This act shall be accepted and the company organ- -j-ime for organ 
ized thereunder within two years after the passage hereof, '^**'°°- 
otherwise the franchises hereby granted shall be forfeited. 

§ 9. This act shall take effect from its passage. 

Approved March 7, 1867. 



200 INSURANCE COMPANIES. 



In force March AN ACT to amend the charter of the Citizens' Life Insurance ComnanT. 

9, 186T. '■ ^ 

Section 1. Be it enacted ly the People of the State of 
Illinois, represented in the General Assembly, That the time 

Organization— foT the Organization of said company is hereby extended to 

time extended g^^^j^ ^j^^^ ^^ ^l^^ directors named in the charter of said com- 
' pany, or a majority of them, shall think proper to organ- 
ize the same. 

Capital stock— | 2. Said Company may retire the capital stock at any 
time when the aecumulated cash assets of said company shall 
amount to one hundred thousand dollars over and above 

Business. the capital stock; and the business of said company may 
be conducted on the plan of mutual life insurance. The 
capital stock of said company may consist of bonds and 
mortgages on real estate, worth twice the amount of such 
mortgages, United States stocks, state stocks, or indorsed 
promissory notes. 

Kaine changed. § 3. Tho uauic of Said couipauy is hereby changed to 
the "Equitable Life Insurance Company;" and, by that 
name, said company shall liereafter be known. 

c_onstruciiou of § 4. Tliis act shall be deemed a public act, and shall be 
liberally construed for the purposes therein mentioned, and 
shall take effect and be in force from and after its passage. 
Approved, March 9, 1867. 



In force March AN ACT to incorporate the Valley Insurance Comnanv 

9, 1SS7. '■ • 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Keu- 

corporators. bcu B. Ilatch, Isaac O. Woodruff, Thomas W. Macfall, 
Alexander E. Wheat, Ebenezer B. Barker, Jackson Grim- 
shaw, Calvin A. Warren, Emerson M. Miller and Warren 
F. Bitney, and their associates, successors and assigns, be 
and they are hereby created a body politic and corporate. 

Name and style undcr the name and style of the "Valley Insurance Com- 
pany ;" and, by such name, shall have perpetual succession ; 

Powers. may sue and be sued, implead and be impleaded, answer 

and be answered unto, in all courts and places vdiatsoever ; 
and to have and use a common seal, and to renew and al- 
ter the same at pleasure. Said company shall have pow- 
er to purchase, hold, enjoy and convey all such real, 
personal and mixed property as shall be necessary for the 
convenient transaction of the business and affairs of said 
cumpany, and for the preservation and safe keeping of the 
books, papers and records of said company; and also to 
make all such by-laws, rules and regulations, not inconsist- 



[NSUBANCE COMPANIES. 



201 



Business, eto. 



ent ^vith the constitution and laws of the United States or 
of this state, as shall be deemed necessary for the proper 
management, regulation or control of the business or af- 
fairs uf said company, and alter, amend or repeal the same. 
§ 2. Said company shall have powei to insure any and 
alf persons, companies and corporations, against loss or 
damage by tire, lightning or wind, to any dwelling house, 
store,°shop, or other buildings, household furniture, mer- 
chandise, or other property, whether personal, real or mixed, 
and against all risks by inland navigation and transporta- 
tion of property, including navigation or transportation 
upon any and all the rivers, canals and lakes within the 
United States of America and the several provinces in 
Xorth America belonging to the government of Great Brit- 
ain, and also including 'transportation upon all railroads 
withm the United States and said British provinces ; and to 
do ail such acts and things appertaining to such business of 
insurance as may be necessary for the proper transaction of 
the same, 

§ .3. The capital stock of said company shall not be less Capital stock, 
than fifty thousand dollars, and may be increased to any 
sum not exceeding one million dollars, to be divided into 
shares of one hundred dollars each ; and said stock shall be 
personal property, and be assignable and transferable only 
on the books of said company, and nnder such regulations 
as the direct-jrs may establish ; of which capital stock, ten 
per cent, thereof shall be paid, and the payment of the bal- 
ance secured, either by United States or state bonds or 
stocks, or mortgage on real estate ; and, if secured by mort- 
gage, the property to be worth at least double the amount 
of the stock intended to be secured thereby, before said cor- 
poration shall be authorized to commence business under 
this act. 

§ 4. The persons above named are hereby appointed subscription, 
commissioners to receive subscriptions to the capital stock 
of said company, and shall, as soon after the passage of 
this act as they or a majority of them shall deem advisable, 
open books to receive subscriptions to said capital stock ; 
and whenever not less than fifty thousand dollars of said 
capital stock shall have been subscribed and not less than 
ten percent, thereof actually paid in to said commissioners, 
in good faith, in cash, said company shall be authorized 
to become organized nnder this act, and to elect a board of ^jf;^*^^;;^^/ 
directors, and to enter upon the transaction of said insu- 
rance business. Said commissioners shall give notice ot 
said election for a board of directors at least twenty days 
previous, in a public newspaper printed in Adams county. 

§ 5. The board of directors shall be authorized to elect Officers, etc. 
a president, vice president, secretary, treasurer, and general 
agent for said company, and such other officers as they 
deem proper, and determine the term of office and mode of 



202 



INSURANCE COMPANIES. 



election of the same; to enact all by-laws, roles and regula- 
tions of said company^ and to provide for the appointment of 
air such committees, attorneys, agents and servants' as to 

First board of Said board of directors shall ^5eem proper. The first board 
of directors shall consist of nine members, all of whom 
shall be stocldiolders of said company ; and the number of 
directors may, tliereafter, be increased or diminished by 
said company, not, however, to be less than seven nor more 
than eleven ; and no person shall be eligible to the office of 
director who shall not, at the time of his election, be the 
owner, in ijood faith, in his own right, of at least five 
shares ot the capital stock of the company ; and in all elec- 
tions each shareholder of said capital stock of said com- 
pany shall be entitled to one vote for each share ot stock of 
said company he shall hold, and on which all the install- 
ments called for by the directors have been paid. 

Organization. § 6. Said Company, on becoming organized, and before 
transacting, any insurance business under such organiza- 
tion, shall cause a certificate or' such organization, specify- 
ing the amount of capital stock subscribed, and tlie amount 
actually paid in, in cash, and the names of the first board of 
directors, and the term of office for which they were elec- 
ted, to be executed, under the hands and seals of said di- 
rectors, and acknowledged by them before some officer au- 
thorized to take acknowledgments of deeds, and shall cause 
the same to be filed in the office of the secretary of state 
for the state of Illinois, within three months from the time 
of such organization ; and, on the filing of said certificate, 
said company shall be deemed fully organized, and entitled 
to enter upon and exercise and enjoy all the rights and fran- 
chises conferred by this act. And said company shall have 
power to charge and receive for insurance, as provided in 
this act, such premium or premiums as «hall be agreed upon 
between the parties, either upon the stock or mutual plan, 
or both. 

Additional in- § "^ ■ Thc board of dircctors shall liavc powcr, fVom time 
^l^^jj™^^"*^^—''" to time, to require the payment of additional installments 
stoekiioidei-s. of Said Capital stock, until the whole of said capital stock 
shall be paid in ; and each stockholder shall be held liable 
for the debts of said company for any and all losses and 
liabilities, to the amount of stock subscribed by him, and 
no more ; and the said directors may cause said capital stock 
to be invested in the bonds of the United States or this 
state, or any other stocks or bonds they deem best for the 
interest of said company, or in mortgages or deeds of trust 
upon real estate; and said company may, under such rules 
as said directors may prescribe, make dividends to said 
stockholders out of the net profits of the buisness of said 
company. 

Principal oftce. § 8. The principal office of said company shall be lo- 
cated in the city of Quincy, in the county of Adams, in 



lure.^t stock. 



INSURANCE COMPANIES. 203 

this state ; but the officers of said company may appoint 
such accents or agencies in other piaces as they may deem 
necessary. 

9; Said company shall have power to receive, hold, Property, etc- 
sell and convey all such property, personal, real or mixed, ^nvey°''^ '"^ 
as shall be mortgaged, pledged, sold or conveyed to them, 
in security or payment of any indebtedness due in good 
faith to said company, or in any manner in good faith to 
said company, or in any manner, in good faith, owing to 
them, or conveyed to them under any sale by virtue of any 
legal process, decree or order of any court, made for and 
upon any such indebtedness. 

§ 10. For the purjDose of securing the prompt payment bomow money, 
of losses and expenses, the directors of this company are 
authorized to borrow such sum or sums of money as may 
be required for such purpose ; and, in making the next as- 
sessment, the interest accruing thereon, and, also, all neces- 
sary incidentid expenses, shall be included in such assess- 
ment. Any director, agent or other person, who shall col- 
lect or receive any money or other valuables, belonging to 
this company, and shall not account for and pay over the 
same, on demand of said company, any such director, agent 
or other person, on conviction of the same, shall be deemed 
guilty of emblczzlement, and punished as provided for by 
the statutes of this state. 

§ 11. All policies of insurance issued by said company Poiinrts signe.i. 
shall be signed by the president ol' vice president and secre- 
tary ; and all such policies shall be valid and binding on 
said compan3\ 

§ 12. xi copy of any record of this company, under Evidence of ra- 
the seal of the company, and certified to by the secretary, "'""*'• 
shall be taken as prima facie evidence thereof, in any 
court tribunal in this state, upon the subject matter contain- 
ed therein. 

§ 13. A statement of the true condition of the company Annual state- 
shall be made to the stockholders each year, by the officers """"'■ 
thereof, nnder oath, at the time of the annual election of 
directors. 

§ 14. Unless the said company shall be organized within Limit of i.w. 
two years after the passage of this act, then this act shall 
be null and void. And nothing herein contained shall be Banking forbid. 
construed so as to permit said company to do banking busi- 
ness, or exempt said company from the operation of such 
general laws as may hereafter be passed upon the subject 
of insurance companies, 

§ 15. This act shall be deemed a public act, and shall take 
efltect and be in force from and after its passage, 

Approved March 9, 1867. 



20J: 



INSURANCE COMrANIES. 



In force March 
8, 1S67. 



AN ACT to incorporate the Jlokena Insurance Company. 



Corporators. 



Name and stvl 



Membership. 



Section 1. Be it enacted ly the People of the State of 
niinois, rejpresented in the General Assembly , That from 
the time that this act shall take effect, Abraham T. Green, 
Edwin R. JMoffatr, IloUis Jewell, Isaac K. Hitt, and Alex- 
ander Campbell, and all other persons who may hereafter 
associate with them, in the manner herein prescribed, shall 
be a body ])olitic and corporate, by the name and style of 
"TheMokeua Insurance Company,-" and by that name 
and style may sue and be sued, appear, prosecute and de- 
c^orporate poNv- tend, in any court of record or other court or place whatso- 
ever; may have and use a common seal, and alter and 
renew tiie same at pleasure; may purchase and hold sucli 
real estate and personal estate as may be necessary to effect 
the objects of their corporation and association, and sell 
and convey the same at pleasure ; may make and establish 
such by-laws, ordinances and resolutions, not beinf^ contrary 
to the laws of this state or of the United States, as may 
seem necessar^y or convenient for their regulation and gov- 
ernment and for the management of their affairs, and do 
and execute such acts and things as may be necessary to 
carry into effect the purposes of this act. ^ 

§ 2. All persons who shall at any time be insured in 
this company shall be members thereof, during the continu- 
ance in force of their respective policies, and no longer, and 
shall at all times be bound by the provisions of this act. 

§ 3. The affairs of said company shall be managed by 
a board of directors, to consist of not less than five or more 
than fifteen members, as may be regulated by the by-laws 
of said company. Said directors shall be chosen by ballot, 
from among the members of said company ; and a majority 
of the whole board shall constitute a quorum for the tran- 
saction of business. The executive committee of said com- 
pany shall possess all the powers of the board of directors, 
when the board is not in session. 

§ 4. The board of directors shall elect a president, vice 
president, secretary and treasurer, who shall hold their 
respective offices for one year, or longer, as may be pre- 
scribed by the by-laws of said company, and until others are 
chosen in their places. The board of directors shall also 
appoint an executive committee to consist of three direc- 
tors. Subordinate officers, agents and examiners may be 
appointed by and in the manner prescribed by the by-laws 
of said company. 

§ 5. This company may make insurance on all descrip- 
tions of property against loss or damage by fire, lightning, 
wind and the risks of inland navigation and transportation, 
or any loss or damage to which property may be liable, 
and may cause themselves to be re-insured upon the whole 



Business a 
transaction I? 



INSURANCE COMPAIJIES. 205 

or any part of any risk on which they may have made 
insurance. 

§ 6. The rates of insurance shall be fixed by the board insurance rates, 
of directors or executive committee of said company. Pre- Premium notes. 
mium notes may be received from the insured, which shall 
be paid at such time or times, and such sum or sums as the 
directors shall require for the payment of losses and ex- 
penses. Any person applying for insurance may pay a paymem for in- 
definite sum of money, in full for said insurance and in suraacc. 
lieu of a premium note. The cash premium, together with capUai stock, 
the premium notes shall constitute the capital stock of said 
company, which may be increased by a guarantee capital, 
as hereinafter provided. 

§ 7. The directors of said company may levy an assess- Asje?3ments- 

■^ , . ' ."^ I 1 -i. liabilities 01 

ment on the premium notes at any time they may deem it atoekhoijevs. 
necessary for the payment of losses and expenses. 

§ 8. The members of this company shall be and are 
hereby bound to pay their proportion of all losses and ex- 
penses happening anc^ accruing, the time for which their 
policies were issued and in force, and to the amount of their 
premium notes, and no more. 

§ 9. Whenever any assessment is made npon any pre- Refujai to pay, 
mium note given to said company, and the maker thereof 
shall neglect or refuse to pay the amount claimed by said 
company for the period of thirty days after notice -of such 
assessment, (which notice shall be given in the manner pre- ' 

scribed by the by-laws of said company,) his, her or their 
policy shall become null and void and of no effect, until 
payment is made ; and action may be brought at law for suit?. 
the whole amount of premium note; and in case an action 
is brought for the recovery of any assessment due this com- 
pany, the certificate of the secretary of said company, stating 
the amount of such assessment, shall betaken and received Evidencc^of as- 
2i% prima facie evidence in all courts and places whatsoever. 

§ 10. The persons named in the first section of this act Directors. 
shall be and they are hereby constituted a board of direc- 
tors for said company, to serve as such until the first an- 
nual election hereinafter provided for and until others are 
chosen. 

§ 11. The directors of said company shall be elected on Ejection^ for 
the first Tuesday of January, of each year; and such elec- 
tion shall be held at the office of said company, at such hour 
of the day as the directors or executive committee of said 
company may appoint. Such election shall be held under 
the inspection of three members, to be appointed previous 
to every election, by the executive committee of said com- 
pany. Such election shall be made by a pluraliiy of votes 
of the members present, or their proxies, allowing one vote 
for each policy held and in force, or share of guarantee stock 
held. The directors or executive committee are hereby 
authorized, at any of their meetings, to provide a form for 



i06 



INSURANCE COMPANIES. 



Deputy' seere- 
larv. " 



Guarantee 
gages. 



the appointment of proxies, and to specif j the evidence that 
may be required of the execution thereof. 

§ 12. All meetings of the board of directors and execu- 
tive committee shall be called in the manner prescribed bv 
the by-laws of said company. 

§ 13. This company shall have power to issue policies 
for any term of years. 

§ 14. The secretary of the' company may appoint a 
deputy, whose power shall be set forth in his certiticate of 
appointment, and be extended upon the record books of said 
company. 

§ 15. This company, through its officers or board of 
directors, may invest, loan and employ the funds of the 
company in such way and manner as they may judge that 
the interest and welfare of the company may require. 

§ 16. The principal place of business of tiie campany 
shall be the city of iVeeport, Stephenson county, Illinois ; 
and said company may do business at such other places, by 
agents, as said company may elect. 

§ 17. For the more perfect security of the policy-hold- 
ers, the said company shall receive guarantee muitsages on 
unincumbered real estate worth double the amount secured, 
to be approved by the board of directors or by the execu- 
tive committee, or United States or state stocks, to the 
amount of two hundred thousand dollars; the makers thereof 
shall be paid, in consideration of such guarantee, a com- 
pensation, to be determmed by the board of directors or 
executive conmiittee, but not to exceed ten per ce:it. per 
annum. Such notes or mortgaoes shall be entitled to repre- 
sentation in the election of directors, in the. ratio of one 
vote for every one hundred dollars, and shall be liable for 
the losses and expenses of the company, whenever the cash 
premiums and premium notes are insufficient to pay the 
same. Scrip certificates may be issued for such guarantee 
fund, transferable only on the books of the company. 

§ 18. Should it so happen that the election of directors 
of said company shall not be held on the day set forth in 
this act it should have been made or held, the company, for 
that cause, shall not be deemed to be dissolved, but it shall 
be lawful, on any other day, to make and hold an election, 
notice of which shall be given in the manner pi escribed by 
the by-laws of said company. 

' § 19. Unless the said company shall be organized within 
two years after the passage of this act, then this act shall be 
null and void; and nothing in this act shall be construed 
Backing forbid. SO as to permit Said company to do banking business, or ex- 
empt said company from the operation of such general laws 
as may hereafter be passed upon the subject of insurance 
companies. 

§ 'lO. This act shall be deemed a public act, and shall 
take eftect and be in force from and after its passage. 

Appeoved March 8, 1867. 



Dirfictors — 
failure to elect 



'Sime to organ- 
\7.e limited. 



INSUKANCE COMPANIES. 207 



AX ACT to incorporate the Burglary Insurance Company. lu force March 

8, 1867. 

Section 1 . Be it enacted by the People of the Stale of 
niinois, represented in the General Assernlly^ That Harlan corporators. 
Pap:e, E. 1). Marsh, R. B. Currier, A. Gibson, G. D. Jew- 
itt, Charles L. Currier, and A. Page, and all others who 
maj' become associated with them as stockholders, as herein 
after provided, their successors and assigns forever, be and 
the J are hereby created and made a body corporate and politic, 
for the purposes of insuring against all loss or damage by Purposes, 
burglary or theft, and such other kinds of insurance as the 
board of directors of said company shall deem expedient, by 
the name of the "Burglary Insurance Company ;" and, by that Name. 
name, shall be and are hereby empowered to purchase, 
have, hold, possess and enjoy, themselves and their succes- 
sors, lands, tenements, hereditaments, go ods, chattels and 
effects, of every kind. The same to grant, alien, sell, Powers, 
invest and dispose of; to sue and be sued, plead and be 
impleaded, in all courts of justice; to have and use a com- 
mi)n seal, and the same to cijange, alter' and renew at pleas- 
ure; and cause themselves to be re-insured on the whole or 
part of any risk assumed by said company ; and to ordain 
and put in execution such l)y-laws and regulations as they 
may deem proper fur the well ordering and government of 
the said company and the transaction of its business : Pro- Provis.. 
vided, they be not repugnant to the laws of the United 
States or of this state. 

§ 2. The capital stock of said company shall not be less capuai stock 
than fifty thousand dollars, and may be at any time, in- 
creased to not exceeding tive'liundred thousand dollars, and 
shall be divided into shares of one hundred dollars each ; 
and there shall be paid into the treasury of said company, payment ot 
by each subscriber to the capital stock, at the time of sub- ^^°'^'^- 
scribing for the same, an installment of live per cent, on the 
amount by them subscribed for, and further installments 
may be call from time to time, by the board of directors, 
and the remainder of the said shares, so subscribed for, 
shall, within sixty days after the organization of the said 
company, be secured to be paid, either by bonds and mort- 
gages on real estate of double its value on amount secured. 

3. The capital stock of said company shall be transfer- Capital stock 
able, according to the rules and regulations ot such company ; ^''^'^'f*''"'*^^®- 
and if any subscriber of any share or shares of said stock 
shall neglect or refuse to pay the installments, as aforesaid, 
for the space of sixty days after the same shall become due, i>eiiuquent3. 
as retpiired, aiuJ after he or they have been notitied thereof, 
according to the by-laws of said company, the amount 
already paid by such negligent stockholder shall be forfeited 
to the use of s lid company, and the stock by him subscribed 
shall be sold at auction or disposed of in such manner as 



208 . INSTJRAI^CE COMPANIES. 

the board of directors may deem for the best interest of 
said company. 

Contracts of § 4. Contracts of iiisuraiice may bc made Oil such tcrms 
insurance. ^^^ coiiditions aud for such periods of time as may be 
agreed upon ; and, in case a note is given for the cash pre- 
mium and the same shall be due and unpaid at the time 
any loss or damage shall occur to the assured, the policy 
issued in part or whole consideration of such note or notes, 
shall be null and void. All contracts signed by the presi 
dent and secretary, or by a majority of the executive com- 
mittee of said company, shall be as valid as though made 
or signed by the board of directors of said company. * 

Home office. § 5. The liomo office of said company shall be located 

in the city of Chicago, or city of Springiield, in the state of 
Illinois, as the board of directors may determine. And 

Manajremont »f the stock, property and affairs of said company shall be 
managed and conducted by not less than five nor more than 
fifteen directors — the number of directors to be determin- 
ed by the by-laws of said company. The directors of said 
company shall be chosen from among the stockholders of 
said company, in such manner and at such times as may be 
determined by the by-laws of said company. And in case 
of any vacancy, by death, resignation or other cause, in the 
board of directors of said company, the remaining directors 
shall have power to fill such vacancy, by appointment; and 
the director thus appointed shall hold his office until the 
next regular election, as provided b}' the by-laws of the 
company. In all elections lor directors of said company 
each stockholder, by himself or attorney, shall be allowed 
one vote for each and every^share so held by him ; and 
none but stockholders fihal'l be eligible to the office of 
director. 

E.rectcrs. § 6. To Carry out the provisions of this act, the corpo- 

rators hereinbefore named are hereby constituted the first 
board of directors of said company, and shall hold their 
office until an election be had according to the by laws of 
said company ; and they, or a majority of them, are author- 

snbscriptisn.^ izcd to Open books and receive subscriptions to the capital 

Organization, stock of Said Company ; and when the amount of fifty thou- 
sand dollars shall have been subscribed, according to the 
requirements of this charter, the board of directors shall 
cause publication to be made in a newspaper published in 
the city of Chicago, of the full and complete organization 
of said company ; and it shall be lawful for said company 
to commence business immediately on the publication of 
notice as aforesaid. 

Officers, § 1. The board of directors shall choose a president, 

viee-president, secretary and treasurer, whose term of office 
and several duties shall be defined and set forth by the by- 
laws of said company ; and they shall appoint such other 
officers, clerks and agents and establish such agencies in 



INSURANCE COMPANIES. 209 

the state and elsewhere as shall be by them deemed advis- 
able for conducting the business of the company ; and the 
president, vice-president and treasurer shall be chosen from 
and by the directors of said company. 

§ 8. All policies of insurance or other contracts may be Contracts, 
made with or without the seal of said company, and shall 
be binding upon said company according to the true intent 
and meaning of such policies and contracts. 

§ 9. The board of directors may appoint three of their Executive com- 
numbcr an executive committee, who shall possess all the ™i"«e. 
powers of the board of directors, when the board of direc- 
tors are not in session. Such executive committee shall 
have power to execute contracts for salaries or fees to offi- 
cers and agents. 

§ 10. The capital stock, moneys and real estate of the investment of 
company may be invested and re-invested, at the discretion capital etock. 
of the board of directors : Provided, that nothing herein 
contained shall be so construed as to authorize the business 
of banking. 

§ 3. Unless the said company shall be organized within ^j^^^ ^^ ^^.g^^. 
two years after the passage of this act, then this act shall Jze. 
be null and void. And nothing in this act shall be con- 
strued so as to exempt said company from the operation of 
such general laws, as may hereafter be passed upon the 
subject of insurance companies. 

§ 4r. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved March 8, 1867. 



AN ACT to incorporate the Western Rail Road Insurance Company. In force March 

9, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois, representedinthe General Assemlly, [That] Maurice corporators. 
J. McGrath, C. E. Smith, Henry B. Pierce, Wm. F. Brewster, 
and Charles C. P. Holden, their associates and successors 
and assigns, be and they are hereby created a body politic 
and corporate, under the name and style of " The Western 
Kail Road Insurance Company;" and, by such name, may Name and style 
have perpetual succession^ may sue and be sued ; implead Powers in law. 
and be impleaded, answer and be answered unto, in all 
courts and places whatsoever ; and to have and use a com- 
mon seal, and to renew and alter the same at pleasure. 
Said company shall have power. to purchase, hold, enjoy and 
convey all such real and personal property as shall be neces- 
sary for the convenient transaction of the business and 
affairs of said company, and for the preservation and safe- 
keeping of the books, papers and records of said company, 
Yol. 11—14 



210 INSURANCE COMPANIES. 

and also to make all sucli by-laws, rules and regula^^ions, not 
inconsistent with the constitution and laws of the United 
States or of this state, as shall be necessary for the proper 
management, regulation or control of the business or affairs 
of said company, and amend or repeal the same. 

Business tians- § 2. Said couipany shall have power to insure any and 

opela'tfons. '*"'^ all pcrsous, compauics and corporations against loss or dam- 
age by fire, lightning or wind, to any dwelling house, store, 
shop or other buildings, household furniture, merchandise 
or other property, whether personal or real, and against all 
risks by inland navigation and transportation upon any and 
all 'rivers, canals and lakes, within the United States of 
America and the several provinces in JSTorth America belong- 
ing to the government of Great Britain, and also including 
transportation upon all railroads within the United States 
and said British Provinces ; and to do all such acts and 
things appertaining to such business of insurance as may 
be necessary for the proper transaction of the same. 

Capital stock. g 3. The Capital stock of said company shall not be less 
than one hundred thousand dollars, and may be increased 
to any sum not exceeding five hundred thousand dollars, to 
be divided into shares of one hundred dollars each; and 
said stock shall be personal property, and be assignable and 
transferable only on the books of said company, and -under 
such regulations as the directors may establish. 

Subscription to §4. The followiug pcrsous, to wit : Maurice J. McGrath, 

stock. Q_ ^ Smith, and Wm. F. Brewster, or a majority of them, 

are hereby appointed commissioners to receive subscriptions 
to, the capital stock of said company; and shall, as soon 
after the passage of this act as they or a majority of them 
shall deem advisable, open books to receive subscriptions to 

Organization. Said Capital stock ; and whenever not less than one hun- 
dred thousand dollars of said capital stock shall have been 
subscribed and not less than ten per cent, thereof actually 
paid in to said commissioners, in good faith, in cash, and 
the remaining ninety per cent, secured by mortgage on 
unincumbered real estate, worth double the amount secured, 
or by United States bonds or Illinois state bonds, or other 
stock, at their par value, said company shall be authorized 
to become organized under this act, and to elect a board of 
directors, and to enter upon the transaction of said insu- 
rance business. 

President. § 5. The board of directors shall be authorized to elect 

a president, vice president, secretary, treasurer, and general 

Officers. agent, for said company, and such other officers as they may 

deem proper, and determine the term of office and mode of 

By-laws. elcctiou of the same ; to enact all by-laws, rules and regu- 

lations of said company, and to provide for the appoint- 
ment of such committees, attorneys, agents and servants, 

First directors, as to Said board of directors shall seem proper. The first 
board of directors shall consist of nine members, all of 



INSTJKANCE COMPANIES. 211 

whom shall be stockholders of said company ; aud the num- 
ber of directors may thereafter be increased or diminished 
by said company, not however, to be less than tive nor more 
than thirty-one ; and no person shall be eligible to the office 
of director who shall not, at the time of his election, be the 
owner, in good faith, in his own right, of at least five shares 
of the capkal stock of the company; and, in all elections, 
each share of said capital stock of said company shall be 
entitled to one vote. 

§ 6, Said company, on becoming organized, and before certiacate of 
transacting any insurance business under such organization, '''s^^'^**'""- 
shall file a certificate of such organization, specifying the 
amount of capital stock subscribed, and the amount actually 
paid in in cash, and the names of the first board of direc- 
tors, and the term of office for which they were elected ; 
which certificate shall be executed under the hands and 
seals of said directors, and acknowledged by them before 
some officer authorized to take the acknowledgments of 
deeds, and recorded in the office of the clerk of the circuit 
court of the county in which said company shall be located; 
and, on recording said certificate, said company shall be 
deemed fully urganized and entitled to enter upon and exer- 
cise and enjoy all the rights and franchises conferred by 
this act; and said company shall have power to charge and 
receive for insurance, as provided in this act, such premium 
or premiums as shall be agreed upon between the parties, 
either upon the stock or mutual plan, or both. 

§ 7. The board of directors shall have power, from time installment?. 
to time, to require the payment of additional installments 
of said capital stock until the whole of said capital stock 
shall be paid in ; and each stockholder shall be held liable 
for the debts of said company for all losses and liabilities to 
the amount of stock subscribed by him, and no more ; and 
the said directors may cause said capital stock to be invested ^eIpu™lfock.°^ 
in the bonds of the United States or this state, or in the 
stocks of any national bank organized under any law of 
congress, or in mortgages upon real estate — said land in all 
cases to be unincumbered and to be worth at least fifty per 
cent, more than the amount secured thereon. And said 
company may under such rules as said directors may pre- 
scribe, make dividends to said stockholders out of the net 
profits of the business of said company. 

§ 8. The principal office of said company shall be loca- Principal office. 
ted in the city of Chicago, or in the city of Aurora, or in the 
town of Batavia, as the directors of said company may 
elect ; but the officers of said company may appoint such 
agents in other places as they may deem necessary. 

§ 9. Said company shall have power to receive, hold, Property. 
sell or convey, all such property, personal or real, as shall 
be mortgaged, pledged, sold or conveyed to them in secu- 
rity for payment of any indebtedness due, in good faith, to 



212 INSUEANCE COMPANIES. 

said company, or in such manner, in good faith, owing to 
them, or conveyed to them under any sale by virtue of any 
legal process, decree or order of any court, made for and 
upon any such indebtedness. 
Re-insurance. § 10. Said Company may re-insure any risk or any part 

of any risk on which they have made insurance. 
Policies signed. §11- All policics of iusurancc issucd by Said company 
shall be signed by .the president or vice president and sec- 
retary, and such policies shall be valid and binding on such 
company. 
Annual : state- § 12, The Statement of the true condition of the com- 
ments, pany shall be made to the stockholders, each year (the offi- 
cers thereof under oath), at the time of the annual election of 
directors. 
whentooi-Ran- § 13. Unlcss the Said compauy shall be Organized wltMn 
'^"* two years after the passage of this act, then this act shall 
Banking busi- bc nuU and void. And nothing herein contained shall be 
ness prohib-QQj;,g|-j.^jg(j gQ j^g |-q permit Said company to do banking busi- 
ness, or exempt said company from the operations of such 
general laws as may hereafter be passed upon the subject 
of insurance companies. 

§ 14. This act shall be deemed a public act, and shall 
take effect and be in force from and after its 
Approved March 9, 1867. 



la force March AN ACT to incorporate the American Mutual Health Insurance Company. 
8, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That J. G. 

Corporators. King, J. Joucs, WilUam Root, H. West, D. Eddy, A. H. 
Potter, their associates, successors and assigns, be and are 

^'*™®'*'^*^^'y'^- hereby created a body corporate, by the name and style of 
" The American Mutual Health Insurance Company ;" and 
shall have perpetual succession; and, as such corporation, 
may sue and be sued, in any court ot competent jurisdic- 
tion ; and any member of tlie company shall be a compe- 
tent witness in any case, either for defence or prosecution. 

Business. notwithstanding his interest in the company. The business 
of the company shall be insuring the health of persons who 
may become members of the company. 

When to com- ^ 2. The compaiiy shall not commence business until a 
raenee ^'^"" gyarantcc Capital of twenty-hve thousand dollars shall have 
been paid in, as the directors shall prescribe ; and, there- 
after, the mutual stock capital may be increased by the 
issuing of one share of stock to each policy holder with ten 
per cent, upon such amount of stock paid in cash ; and the 
remainder of such capital as is represented by any and all 



INSTJBANCE COMPANIES, 213 

such certificates of stock may be called in by the directors, 
at such times and in such sums as they may order. The capUiii stock. 
capital stock of the company shall be divided into shares of 
twenty-five dollars each, and certificates issued therefor, 
signed by the president and secretary of the company. 

§ 3. The directors may make preferred dividends, as Dividends, 
the business of the company shall warrant, to the guarantee 
stock, and may cancel and take up such guarantee stock at 
such times as in their judgment it shall be for the interests 
of the company, 

§ 4. There shall be an annual meeting of the stock- Annual meeting 
holders of the company, at the otilce of the company, in 
Chicago, on the first Monday of April, in each year, at 
which time five directors shall be elected to serve for one 
year or until their successors be chosen. Twenty-five 
thousand dollars of stock, represented by ownership or 
proxy, at any meeting of the corporation, shall constitute a 
quorum for transacting business; and at all meetings of the Quorum. 
board of directors a majority of the board present shall 
constitute a quorum. 

§ 5, All policies of insurance, or renewed certificates, or Policies signed. 
certificates of stock issued by the company, shall be signed 
by the president and secretary, 

'§6. The directors shall elect from their own members Officers, 
all such officers as they may see fit, and may appoint and 
cause to be appointed such other officers or agents as the 
business may demand, 

§ 7, Unless the said company shall be organized within when to organ- 
two years after the passage of this act, then this act shall be 
null and void. And nothing in this act shall be construed Banking forbid. 
so as to permit said company to do banking business, or 
exempt said company from the operation of such general 
laws as may hereafter be passed upon the subject of insu- 
rance companies, 

§ 8, This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved March 8, 1867. 



AN ACT to amend the charter of the Illinois Central Insurance Company, in force March 

S, 1S67. 

[Section 1.] Be it enacted by the Peoj>le of the State of 
Illinois^ represented in the General Assembly^ That the II li- Fixed sums for 
nois Central Insurance Company is hereby authorized to ^" '*^'®^" 
receive for all policies of insurance to be hereafter issued, 
as premiums, a fixed sum, to be agreed upon by and be- 
tween the parties; and said company is hereby authorized By-iaw?, etc. 
to make, put in force and execute all such rules, regulations 



214: INSURANCE COMPANIES. 

and by-laws, not inconsistent with the laws of this state or 
of the United States, as it may deem necessary for the 

Plan of business proper Conducting and carrying on of its business of insu- 
rance, and for the better securing of its pi)licy holders, and 
for the general management of its concerns ; and to adopt 
such plans and modes of procedure, in carrying on said 
business, as shall not conflict with this act or the act to 
which this is an amendment, or the laws of this state or of 
the United States. 

Kemoyai of § 2. Said conipauy shall have power, by vote of two- 

pnncipal oSice , , .^ j n. ., t ^ ,• • i ^ i .1 

thirds or the directors ot said comnany, to remove tlie 
principal office of said company to the city of Chicago, in 
the state of Illinois; and after such removal said company 
shall be authorized to do any and all things in said city of 
Chicago which it may now lawfully do in the city of De- 
. catur ; and from and after such removal said company shall 
style of corpo- bc kuowu as " The Illinois Central Insurance Company, of 

ration. /^i • 5? 1 ^ ' 

Chicago. 
Not subjefit to § 3. ]Sreither this act nor the act to which this is an 
fance iLws."^"' amendment, shall be construed to exempt said company 
from the operation of all such general laws as the general 
assembly may hereafter enact on tlie subject uf insiirance. 
§ 4. This act and the act to which this act is an amend- 
ment are hereby made public acts, and this act shall take 
effect and be in force from and after its passage. 
Appkoved March 8, 1867. 



la frroe M;Tch AX ACT to incorporate the Pulaski County Insurance and Loan Company. 

8, lSo7. • 

Section 1. Be it enacted Ly the Feojyle of the State of 
Illinois, represented in the General Assembly, That N. li. 

corpoiators. Cascv, Gr. F. Mcyor, H. G. Carter, W. C. Sheole, William 
A. liughes, John W. Carter, W. IT. Stokes, O. Edson and 
James P. Marshall, and their successors, assigns and asso- 
ciates, be and are hereby created a body corporate and 

Name and style, politic, uudcr the name and style of "The Pulaski County 
Insurance and Loan Company," situated at Mound City, 
Illinois ; and by that name, shall have and enjoy all the 

Privileges, etc. rights, privileges and immunities which are necessary for 
the transaction of their business, and be recognized in all 

organizauon. the courts of justicc and equity in this state. When the 
said party and their associates shall have subscribed one 
hundred thousand dohars, divided into shares, to be paid in 
installments, in such amounts and at such times and places 
as the president and directors, (as hereinafter provided for,) 
of said company may designate, and shall have paid in as 
a company fund ten thousand dollars, and shall and may 



INSUEANCE COMPANIES. 215 

increase the capital stock to three hundred thousand dollars. 
The said company may employ traveling agents, and estab- 
lish local agencies, and do all acts, not inconsistent with the 
laws ot this state, necessary to and for the full use and en- 
joyment, and to carry out the full objects of this act : Pro- Proviso. 
vicled, that if the corporation created by this act shall not 
be organized within one year from the date of the passage 
of this act, then this act shall be null and void ; and no 
stock shall be subscribed to the capital stock of said com- 
pany until at least four of the persons in this section 
named shall have given notice, in writing, to the other per- 
sons herein named, for at least ten days, of the time and 
place when and where the books of subscription will be' 
opened ; Provided^ all of the persons herein named may. Proviso, 
by agreement, meet together, in person or by proxy, and 
open the books of subscription. 

§ 2. Nothing contained in this act shall prohibit the Transfer stock 
transfer of stock to a second or third party : Provided, cd- 
ways^ that the parties to whom the transfer is made complies 
with the requirements made of original stockholders. 

§ 3. The president and directors shall have power to constituiion 
adopt a constitution and such by-laws as may be necessary ^""^ by-iaws. 
to promote the interest of said company, according to the 
laws of this state and of the United States. 

§ 4. The said company may use a seal, which they may seai. 
alter and change at pleasure. 

§ 5. Unless the said company shall be organized within when to organ- 
two years after the passage of this act, then this act shall ""^* 
be null and void. And nothing in this act shall be con- Banking forbid, 
strued so as to permit said company to do banking business, 
or exempt said company from the operation of such general 
laws as may hereafter be passed upon the subject of insu- 
rance companies. 

§ 6. This act shall be deemed a public act, and sh?ll 
take effect and be in force from and after its passage. 

Appkoved March 8, 1867. 



AN ACT to amend the charter of the Illinois State Insurance Company. In force March 

Section 1. Beit enacted by the People of the State of 
Illinois, represented in the General Assembly, That the Removal of 
Illinois State Insurance Company shall have the power to_ P'-'^cipai office 
remove the principal office of said company from the city of 
Springfield to the town of Lena, Stephenson county, Illi- 
nois ; and after such removal said company shall have power 
to do and transact at said town of Lena everything which, 
by virtue of its charter, it may now do at the city of Spring- 
field. 



216 INSTIKANCE COMPANIES. 



Insurance 



of § 2. Said company shall have power to insure the own- 
^rnestic ani~ ^^^ ^^ ^j^ douiestic aiiimals against loss or damage, by rea- 
son of the death, disease, injury to or theft of such animals, 
and to insure a'!l risks appertaining to live stock insurance. 
Policies- § 3. Said compau}^ is hereby authorized to provide for 

installments. ^|^g payment of the premium to be charged for policies is- 
sued by said d^mpany, in annual installments, of which 
installments the first shall be payable in advance. 
Powers, etc., § 4. All the rights, powers, privileges and franchises 

continued. granted by the act to which this is an amendment are here- 
by continued to said company; but neither this act nor the 
act to which this is an amendment shall be construed to 
Subject to gen- exempt said company from the operation of such general 
lawV"^'^'^^'^^^ laws as may be hereafter by the general assembly passed 
Banking forbid, ou the subject of iusurauce ; nor shall said company be au- 
thorized to do a banking business. 

§ 5. This act shall be deemed a public act, and shall take 
effect from and after its passage. 
Appkoved March 9. 1867. 



In force March AN ACT to incorporate thelnternational Insurance Company. 

8, 1867. ' 

Section 1. J5e it enacted by the People of the State of 
Illinois, represented in the General Assembly, That there 
shall be established in the city of Mattoon, an Insurance 
Company, to be called "The Internationallnsurance Com- 
pany." 

§ 2. All such persons as may hereafter be stockholders 
of said company shall be and they are hereby declared to 
be a body corporate and politic, by the name and style of 

Name and style " Tlic International Insurance Company," and to continue 
fifty years from and after the passage of this act; and by 

Powers. that name and style shall be competent to contract and be 

contracted with, and be capable in law and equity to sue 
and be sued, to plead and be impleaded, answer and be an- 
swered unto, defend and be defended, in all courts and 
places in all matters whatsoever. 

Seal and bylaws § 3. The Said Corporation may have and use a common 
seal, which they may alter, change, or break at pleasure ; 
and may also make and establish and put into execution such 
by-laws, ordinances and regulations as shall, in their opinion, 
be necessary for the good government of said corporation 
and the prudent and efficient management of its afiairs. 
ISTo by-laws, ordinances or regulations of the same shall be 
in anywise contrary to the constitution of the United States 
or of this state. 



INSURANCE COMPANIES. 217 

§ 4. The capital stock of said compaiiy shall Be one hun- capital stock- 
dred thousand dollars, to be divided into shares of fifty dollars ^'^'^^'^^'^ ^^• 
each, to be paid in such installments as the directors chosen 
under this act may, from time to time, direct, under such 
penalties as the president and directors may, in their dis- 
cretion, appoint and ord^-. The capital stock may hereafter 
be increased to an amount not exceeding five hundred 
thousand dollars, in the discretion of a majority of the direc- 
tors of said incorporation, to be subscribed for and taken 
under the direction and superintendence of the president 
and directors aforesaid, or by any person or persons duly 
appointed by a majority of said directors, in the same man- 
ner as is provided for the subscription to the original capital 
stock. The stock of said incorporation shall be assignable capUai stock 
and transferable according to such rules as shall be adopted transferable. 
in that behalf by the by-laws and ordinances thereof. 

§ 5. The corporation hereby created shall have power and Marine idsu- 
authority to make marine insurance upon vessels, .goods and ^ance. 
merchandise, freights, moneys transmitted by mail or other- 
wise, bottomry, respondentia interest, and on all marine risks 
and inland navigation and transportation, and against all 
losses by fire of any building or houses whatsoever, and 
vessels on the stocks ; and they may also cause themselves 
to be re-insured against any marine risks upon which they 
may have made insurance, and upon the interest which 
they may have in any vessels, goods or merchandise or 
houses, in virtue of any such insurance, whether on bot- 
tomry, respondentia, or otherwise, on such terms or condi- 
tions as may be agreed upon by the parties, and to fix the 
premiums and times of payment. 

§ 6. All policies of insurance by them made shall be Policies signed, 
subscribed by the president, or, in case of his death or ab- 
sence, by the vice president, and countersigned by the sec- 
retary of said company ; and all losses arising under any 
policies so subscribed and countersigned may be adjusted 
and settled by the president and board of directors. 

§ 7. The said corporation shall not take any risk nor R'sks. 
subscribe any policy by virtue of this act until one-tenth 
part of the capital stock thereof shall have been actually 
paid in and the remainder secured by mortgages upon un- 
incumbered real estate worth double the amount secured, 
or by United States bonds or Illinois state bonds. The said 
com-pany shall not, directly or indirectly, deal or trade in investments of 
buying or selling any goods, wares or merchandise whatso- 
ever ; but the president and directors may, at their option, 
vest the capital stock of said corporation in the stock of any 
incorporated bank, trust company or public funds of the 
United States, or any state in the union. They shall 
have power also, to loan to any citizen of this state any 
portion of the capital stock, not exceeding ten thousand 
dollars to one individual, on bottomry, bond, mortgage of 



218 INSURANCE COMPANIES. 

real esiate,*or other satisfactory security, at their discretion, 
at such rate of interest or discount as any individual is 
now or may hereafter be authorized to loan by contract. 

Real estate, g g. The Said Corporation may purchase and hold such 

real estate as may be deemed necessary for the transaction 
of its business, and an amount not at any time exceeding 
thirty thousand dollars ; and to take and hold any real es- 
tate or securities, mortgaged or pledged, of the said corpora- 
tion, to secure the payment of any debt due or to become due 
to it ; and, also, to purchase, on sales made by virtue of any 
judgment at law or any decree of a court of equity or other- 
wise ; to take and receive any real estate in payment or to- 
wards satisfaction of any debt previously contracted or due 
to the corporation, and to hold the same until they can 
conveniently and advantageously sell and convert tbe same 
to money, or other personal property, and to sell and convey 

Proviso. said real estate, or any part thereof: Provided, the said cor- 

poration shall be compelled to offer, in good faith, the said 
real estate once in every five years, at public auction, to the 
highest bidder. 

Subscription to § 9. C. M. Dole, E. E"oyes, J. W. True, K. Champion, 
and J. Toles, are hereby appointed commissioners for super- 
intending subscriptions to said capital stock ; and the said 
commissioners, or a majority of them, shall open one or 
more subscription books on the first Monday of April, in 
the year of our Lord one thousand eight hundred and sixty- 
seven, in the city of Mattoon, and such other places as they 
may think proper, or any other time and place, by giving 
twenty days' notice of the time and place in the news- 
paper published in the city of Mattoon ; and the sum of 
two dollars on each share subscribed for shall be paid to 
said commissioners at the time of making such subscrip- 
tions. The books may be closed whenever the whole of 
said stock shall be subscribed. And whenever a board of 
directors shall be duly elected the said commissioners shall 
deliver over to said board the whole amount of money by 
them respectively or jointly received, except so. much as 
shall- be retained for the expenses incurred by them in ex- 
ecuting the duties imposed on them by this act. 

Commissioners § 10. In case of the death, resignation or absence of any 

-quormof. ^^ ^y^^ commissioncrs named in this act of incorporation, it 
shall and nlay be lawful for any three of them to form a 
quorum and proceed to business, whose duties shall be the 
same in the premises as those prescribed to the whole of 
said commissioners by this act of incorporation named, and 
their acts as such shall be legal. 

Management of § H. The stock, property and concerns of said incol-po- 

Itc? ^'"°^'^' ^' ration shall be managed and conducted by seven directors, 
who shall be chosen by the stockholders of said company, 
under the superintendence of the commissioners, or a 
majority of them, and who shall hold their offices for one 



INSURANCE COMPANIES, 219 

year, unless others shall be chosen before the expiration of ^ 

that time, and who shall, at the time of their election, be 
citizens of this state and holders, respectively, of not less 
than ten shares of the capital stock of said company. 

§j 12. The directors for every subsequent year shall be Ejection 

11 if'uri p't •! 1 nirecito;- 

elected on the nrst Monday ot J une, in each year, at such 
time ot the day and at such place within the city of Mat- 
toon, and under the direction of such persons as a majority 
of the directors for the time being shall appoint, by a reso- 
lution to be entered on their minutes. 

§ 13. All elections shall be by ballot, allowing one vote Elections. 
to each share of the capital stock; and the live perscyis who 
shall have the greatest number of votes shall be directors; 
and if, at any election, two or more persons shall have an 
equal number of votes so as to leave their election undeci- 
ded, then the directors who have been duly elected shall 
proceed, by ballot and by a plurality determine which of 
said persons so having an equal number of votes shall be 
director or directors, so as to complete the whole number; 
and whenever any vacancy shall happen for the office of Vacancy, 
president, vice president, or director, from death or other 
causes, such vacancy shall be filled for the remainder of the 
year in which it shall happen, by the directors for the time 
being, or a majority of them. The said commissioners, as 
provided for by this act, to superintend elections, shall cer- 
tify, under their hands and seals, the person elected, and 
deliv^er such certificates to the persons so elected or to some Certificates. 
one of them; and if through any unavoidable accident said 
directors shall not be chosen on the first Monday, as afore Failure to elect. 
said, it shall be lawful to choose them on any other day, in 
the manner herein provided. 

§ 14:. The directors, when chosen, shall meet as soon President. 
as may be after every election, and shall choose out of their 
number a president, who shall be sworn or affirm faithfully 
to discharge the duties of the office, and shall preside for 
one year and until another person is chosen in his stead, 
and, also, a vice president, for the same time. They shall 
have power to appoint a secretary and all subordinate officers Appointment of 

,..•'■, ^ i- ,• .1 • • If . 1 • otficers. 

01 said corporation, fix their compensation, define then- 
powers, and prescribe their duties, who shall give bonds, 
and in such penal sums, with such conditions and with such 
securities as the directors shall prescribe, and hold their 
several offices during the pleasure of a majority of said 
directors. 

§ 15. The president or vice president and two direc- business. 
tors shall be competent to the transaction of business; and 
all questions shall be decided by a majority of votes. 

§ 16. The president and directors of said company shall, ^t^Tof^capitai 
previous tu subscribing any policy, and once in each year, stock. 
publish in two of the newspapers printed in this state the 
amount of their capital stock. 



220 INSUKANCE COMPANIES. 

j^iviiieiids. § 17. It shall be the duty of the directors of said com- 

pany, at such time as the by-laws thereof shall prescribe, 
to make dividends of so much of their interest and profits 
arising from the capital stock of said company as to them 
shall appear advisable; and in case of any loss or losses, 
whereby the capital stock of said company shall be lessened 
before all installments are paid in, each proprietor's or 

stoekhoidei-s' stockholder's estate shall be held accountable for the install- 

habihties. ments that remain unpaid on his or her share or shares at 
the time of such loss or losses taking place ; and no sub- 
sequent dividend shall be made until the sum arising from 
the profits of the business or additional installments on the 
capital stock shall be paid said company, ecpial to such 

Triennial state- diminution ; and once in every three years, and oftener, if 

ment.ofprofita rgcpiired by a majority of the votes of' the stockholders, the 
directors shall lay before the stockholders, at a general 
meeting, an exact and particular statement of the profits, 
if any there be, after deducting losses and dividends. If 
any stockholder or subscriber to stock in said company 

Neglect to pay shall, for the space of sixty days, neglect or refuse, after 
men s. j^g-j^^ duly notified for that purpose, to pay in any install- 
ment due from him for such stock, in manner directed and 
required by the board of directors, the said board shall 

Delinquents, be authorized to sell stock of such stockholder or subscri- 
ber, at public auction, giving at least thirty days' public 
notice of such sale; and the surplus money, the avails of 
such sale, after deducting the payments due and interest 
thereon and necessary expenses of sale, shall be paid over 
to such delinquent stockholders. The purchaser of such 
stock shall be liable, unless the company shall be the pur- 
chaser thereof, for so much of said stock as shall remain 
uncalled for at the time of his purchase: Provided^ however^ 

Proviso. that nothing herein contained shall prevent said company 

from suing for and recovering of the stockholders the amount 
of calls upon their stock by action of debt or assumpsit. 

Construction of § 18. This is hereby declared to be a public act, and 
**^'" shall take efi'ect from and after its passage, and shall be 

liberally construed for every purpose therein contained. 

stockholders' § 19. That in case of any loss or losses takhig place, 
estate liable. ^,}^^^j-^ ^\^^i J3g cqual to the amouut of the capital stock of 
said company, and the president and directors, after know- 
ing of such loss or losses having taken place, shall subscribe 
to any policy of insurance their estates, jointly and sever- 
ally, shall be accountable for any and every loss which shall 
take place under policies so subscribed ; and the estates of 
stockholders, as aforesaid, shall be liable for any losses 
equal to the amount of said capital stock stibscribed and 
not actually paid in, in all cases of losses exceeding the 
means of said company, whether they consist of stock paid 
in or profits not divided. 



INSURANCE COMPANIES. 221 

§ 20. This charter shall be void and of no eiFect unless Limit of law. 
the stock be subscribed and the company shall commence 
operations, agreeably to the provisions thereof, within one 
year after the passage of this act. 

§ 21. The stock in this corporation shall be deemed stock per<3onai 
personal property, and no transfer shall be valid while the ^'°p®''^- 
holder is indebted to the corporation. 

§ 22. And nothing in this act shall be constrned so as Banking forbid. 
to permit said company to do banking business, or exempt 
said company from the operation of such general laws as 
may hereafter be passed upon the subject of insurance 
companies. 

§ 23. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved March 8. 1867. 



AN ACT to incoi'porate the Farmers' and Mechanics' Life Insurance Com- In force March 
pany, of Monmouth. ^> l^^'^- 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General AssernUy, That Ivory corporators, 
Quinby, John Brown, Andrew Clay comb and John T. Mor- 
gan, the stockholders, and all persons who may be insured 
undev this act, their associates, successors and assigns, shall 
be and they are hereby declared a body politic and corpo- 
rate, by the name of "The Farmers' and Mechanics' Mu- Name and style 
tual Life Insurance Company ;" and by that name may con- 
tract and be contracted with, sue and be sued, defend and 
be defended against in any and all courts. 

§ 2. There shall be an original guaranty capital stock original guar- 
subscribed to the said corporation, which shall be fifty thou- ^"J^j. ^^^Vitai 
sand dollars ($50,000) and may be, at any time hereafter, 
increased by the directors of said company to any sum, 
not exceeding two hundred and fifty thousand dollar ($250, 
000), and shall be divided into shares of one hundred dol- 
lars each ; and there shall be paid into the treasury of said 
corporation, by each subscriber to said guaranty capital 
stock, ten per cent, on the amount by him subscribed for, 
and the remaining ninety per cent, secured by mortgages ' 
upon unincumbered real estate worth double the amount se- 
cured, or by United States bonds, or Illinois state bonds, 
before the said corporation shall go into operation for the 
purpose of making insurance ; and the balance of said 
stock may be called for by the directors from time to time, 
when they deem it necessary or expedient, and shall be paid 
in by the holders of the stock, which shall always stand 



222 INSURANCE COMPANIES. 

pledged to the corporation for all sucli assessments so 
called for. 

Possession of | 3. Tlic said Corporation shall be and is hereby em- 

propeity, e c. pQ^^gj.g^j jq purchasc, havc, hold, possess, enjoy to them- 
selves and their successors, land, tenements, hereditaments, 
goods, chatties and effects, of every kind — the same to 
grant, alien, sell, invest and dispose of; to loan to any per- 
son any portion of the capital stock or money on hand on 
bond, mortgage of real real estate, or other satisfactory 
security, at such rates of discount or interest, according to 
bank usage, as they may deem proper and right; to have 
and use a common seal, and the same to change, alter or 
renew at pleasure. 

Policies signed. § 4. All policics and other papers issued by said cor- 
poration shall be signed by the president, or, in case of his 
absence from any canse, by the vice president, and counter- 
signed by the secretary of the said company ; and all losses 
arising under any policies, sosubsci'ibed and countersigned. 

Adjustment of may be adjusted and settled by the president and board of 

losses. directors of said company. 

Election of § 5. At thc first meeting of the said corporation a 

.iireetors. numbcr of dircctors, not less than five, shall be cliosen by 
the stockliolders of said corporation, who shall hold their 
offices for the term of one year and until their successors 
shall be chosen. Not less than five nor more than fifteen 
directors, as shall be stipulated by a by-law of said corpora- 
tion, shall be elected by the said stockholders of the cor- 
poration, each and every year, on such day as shall be agreed 
upon by the directors. In all elections each shockholder. 

Vote of stoci£- by himself or attorney, shall be allowed one vote for each 
and every share held by him ; and none but stockholders 
shall be eligible to the office of director. 

Officers. § 6, The directors shall choose a president, vice-presi- 

dent, and secretary, whose term of office and several duties 
shall be defined and set forth by the by-laws of the corpora- 
tion ; and they shall appoint such other ofiicers, clerks and 
agents, and establish such agencies in this state and else- 
where as shall be by them deemed advisable for conduct- 
resident, ing the business of the company. The directors may choose 
a president from among their own number or from the 
stockholders, in which case he shall be a director, exofficio. 

Vacancies. In casc of vacaucics occurring in the board of directors so 
as to reduce the number below five, meetings of the cor- 
* poration shall be held and the vacancies be supplied as to 
make the board to consist of at least five. 

L)i7idend«. § T. Whenever the net surplus receipts of the corpora- 

tion, over their losses and expenses, and after providing for 
risks, shall be sufficient for the purpose, the stockholders 
shall be entitled to an annual dividend of ten per centum, 
or to such less dividends as may be agreed upon at the time 
of subscribing the stock ; and in case of such dividend not 



INStJKANCE COMPANIES. 223 

beinoj made in one year it shall be made good at a subse- 
quent period, when the net resources of the company shall 
be sufficient for the paying the same. 

§ 8. After providing for risks, losses, incidental expeu- Reserved fund, 
ses and dividends, as aforesaid, the directors shall set apart 
one-quarter of the estimated surplus funds and receipts as 
a reserve fund, to be applied to the redemption of the guar- 
antee stock. Whenever the assured and the stockholders 
shall decide,- by a vote to be taken for that purpose, that 
the said fund shall be so set aside and applied, and the di- 
rectors shall thereupon divide said fund annually among 
the stockholders, according to the amount actually paid in 
by each. Upon the redemption and extinguishment of the choosing 
guarantee stock, as provided in this section, the directors 
shall be chosen by the assured — each of the assured being 
entitled to one vote in both the above cases. 

§ 9. Annually from the time of the organization of this surplus funds, 
company, the remaining estimated surplus funds and re- 
ceipts shall be re-imbursed to and among the assured and 
the stockholders. To the stockholders in proportion to the 
amount of cash actually paid in to said corporation by each 
said stockholder, and to the assured in manner following, 
namely : To the holder of policies for entire lives, each of 
which is insured at a uniform annual premium for the whole 
life, in proportion to the amount oi premium paid during 
the preceding years, and in a corresponding and equivalent 
proportion upon policies made otherwise than at such uni- 
form rate of premium, that is to say, the reimbursement shall 
be made in the same proportion as if each policy subsisting 
at the end of the year had been made at its commencement 
for an entire life at an uniform annual premium : Frcmided^ 
that the reimbursement to the holder of any policy shall not 
be estimated upon a greater amount than shall have been 
actually paid in on sach policy. 

§ 10. The stock of said corporation shall be assignable stock shares 
and transferable, according to such rules as shall be adopted ^''^'^sierabie. 
by the directors in that behalf; but no transfer of the same 
shall be valid whilst the holder is indebted to the corpora- 
tion and if any subscriber of any share or shares shall neg- 
lect or refuse to pay the installments, as called for, for the 
space of sixty days after the same shall become due and 
payable, as required, and after he or they have been noti- 
fied thereof, according to the by-laws of said company, the 
amount already paid by said negligent stockholder, shall 
be forfeited to the uses of the company, and the stock by 
him so held shall be sold at auction or disposed of in such 
manner as may be required by the by-laws of said com- 
pany. 

§ 11. The president, or the vice president in the ab- 
sence of the president, and any two of the directors shall 
be competent to the transaction of business ; and all ques- 
tions shall be decided by a majority of votes. All policies 



224: 



INSURANCE COMPANIES. 



of insurance or other contracts, authorized by this act, may- 
be made with or without the seal of said corporation ; and, 
when signed by the president or vice president and secre- 
'tary, shall be binding and obligatory upon said corporation, 
according to the true intent and meaning of such policies 
and contracts. 

Home office. § 12. The home office ot this corporation shall be loca- 
ted in the city of Monmouth, in the county of "Warren, and 
state of Illinois ; and to carry out the provisioils of this act, 
the corporators herein before named are hereby constituted 

First board of the first board of directoj s of said company, and shall hold 

directors. .i • _cv» m i • i i n ^ , i • i 

tlieir oince until an election be had according to this char- 
ter ; and they, or a majority of them, are authorized to open 

^tfon! ^"^^^"P' books and receive subscriptions to the capital stock of said 
company ; and when the amount specified in section two 
of this act shall have been subscribed, according to the re- 
quirements ot this charter and the regulations of said cor- 

org^ization— poratiou, the board of directors shall cause publications to 
pu jca ion o . ^^ made in one newspaper published in the city of Mon- 
mouth of the full and complete organization of said com- 
pany ; and it shall be lawful for the said company to com- 
mence business at any time after publication shall have been 
so made, and shall organize within one year. 

*iT^"'°*'°'' *" § ^3. This act is hereby declared to be a public act, for 
the purposes of evidence only, and shall be in force and take 
effect from and after its passage, and shall be liberally con- 
strued for the purDOses therein contained. 

^"r^'MnsuiS § ^^- ^his act' shall be subject to any general law that 

■Jaws, etc. may be passed by the general assembly, in regard to insu- 
rance companies. 

AppEovED March 8, 1867. 



£n force Maveh AN" ACT to amend an act entitled " An act to incorporate the Mer- 
9) ISO". chants' Insurance Company, of Chicago." 

Section 1. Be ii enacted hy the People of the State of 
Illinois, represented in the General AssemUy, That the 
Directors. board of dircctors of said Merchants' Insurance Company, 
may consist of any number of persons, not less than nine — 
the number thereof to be determined, from time to time, 
by the board of directors then in oflice. 

§ 2. This act shall take eftect on and after its passage. 

§ 3. ]N"othing in this act or in the act to which this is an 
amendment shall be construed so as to permit said company 
to do a banking business, or exempt them from the opera- 
tion of any general law that shall hereafter be passed upon 
the subject of insurance or insurance companies. 

Approved March 9, 1867. 



Bankitig ferbic 



INSURANCE COMPANIES. 225 



AN ACT to incorporate the Home Fire and Marine Insurance Company, of in force March 
Paris, Illinois. 6, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the Generral Assembly, That Calvin corporators. 
W. Levings, Daniel G. Burr, Andrew J. Hunter, James 
A. Eads, of Paris, Illinois, and their associates, successors 
and assigns, be and they are hereby incorporated into a 
body corporate and politic, by the name and style of " The style. 
Home Insurance Company, at Paris, Edgar County, Illi- 
nois ;" to have continance and succession for the term of 
fifty years, from and after the passage of this act ; and, by 
said corporate name and style, shall be, for the term afore- 
said, capable in law and equity, to sue and be sued, to plead Powers, 
and be impleaded, and to do all other matters and things 
necessary in law to protect and defend their corporate 
rights ; and may have a common seal, which they may 
change at pleasure. 

§ 2. The capital stock of said company shall not be less capital stock. 
than one hundred thousand dollars, which may be increased 
to three hundred thousand dollars, but no more, divided 
into shares of one hundred dollars each. The stock shall 
be deemed personal property, and transferable on the books 
of the company ; but no stockholder shall be permitted to 
transfer his stock while he is indebted to the corporation. 

§ 3. The persons named in the first section of this act Books of sub. 
are appointed commissioners for procuring said capital stock ^cnption. 
of one hundred thousand dollars ; and said commissioners, 
or any three of them, shall open subscription books for 
such stock on such days and at such times and places as 
they may deem expedient, and shall give at least three 
weeks' notice of the same in one or more newspapers print- 
ed in the town of Paris, or elsewhere ; and said books shall 
be kept open, from time to time, until the sum of one hun- 
dred thousand dollars be subscribed. 

§ 4. When the full amount of one hundred thousand ^^^j*j°s~f 
dollars shall have been subscribed and one dollar on each 
share of stock paid on subscription to said commissioners, 
they shall then notify the stockholders of the same and ap- 
point a time and place at which they shall meet, giving five 
•days' notice of said meeting in one or more of the weekly 
newspapers published in the town of Paris, and receive 
their votes for the election of not less than five nor more 
than thirteen directors, who shall manage the business 
of the company, and shall hold their office',for one year and Term of ofisce. 
until others are elected in their places, and who shall, at the 
time of their election, be citizens of the United States, and 
holders, respectively, of not less than ten shares of stock. 
The voting at ail elections shall be by ballot, but absent 
stockholders may vote by proxy, in writing. 
VoL 11-15 



226 



INSUKANCE COMPANIES. 



Payment 
steek. 



Organization. § 5. Wlieu the stockliolders shall have elected the board 
of directors the commissioners shall deliver to said direc- 
tors the subscription books, moneys collected on account of 
the same, and all other papers and things in their hands, 
necessary to a full organization of said company ; and the 
said directors shall proceed to organize, by the election of a 
president from among their number, a secretary, and any 
other officers or agents they may deem necessary for the 
successful working of said company, who shall hold their 
offices during one year. The board shall adopt such by- 

Ruies-by-iaws. l^ws for the general conduct of the business of the company 
as they may, from time to time, deem advisable ; they shall, 
also, fix the salaries and define the duties of all employees 
of the company. 

§ 6. When the board of directors shall be organized, as 
provided in section five, they shall call in, by personal or 
public notice, of at least ten days, such an amount of the 
capital stock as they may deem expedient, but not less than 
nine dollars on each share; which, together with the 
amount paid to the commissioners, shall constitute the first 
installment on the capital stock, and shall require the 
residue of the said stock to be secured by United States 
bonds, state bonds at their par value, or firat mortgages on 
real estate of double the value on the amount secured, and 

Certificates, shall issuc thercfor certificates of stock, setting forth the 
amount paid in cash and the amount and condition of the 

Books open, stock notes for the residue, and that the stock books of said 
company, after the organization of said board, shall con- 
tinue open at the office of said company for subscription 
until the full one hundred thousand dollars shall have been 
subscribed ; and upon the subscription of any stock after 
the organization of said board the sum of ten per cent, 
shall be paid into the board by the persons subscribing such 
stock, which shall constitute the first installment on stock 
so subscribed ; and the board of directors shall require the 

Securing stock, rcsidue of the stock so subscribed, to be secured by good 
and legal stock notes, and issue certificates for such stock 
in the same manner as is provided for the execution of 
stock notes and granting certificates for stock subscribed be- 

Proviso. fore the organization of said board : Provided, that if at any 

time tiie directors shall consider any of the stock notes in- 
secure they shall have power to require additional security 
on the same, after due notice, under such penalties and for- 
feitures as they may provide in their by-laws. 

Policies. § '^' '^^^^^ corporation shall have power to issue policies 

of insurance against loss or damage by fire on houses, 
stores, and all other buildings and structures, on personal 
property of all descriptions, and to make marine insurance 
upon steamboats and all other vessels and water crafts, on 
their tackle, freight, cargoes and all kinds of personal prop- 
erty, in course of transportation, and to do and perform all 



INSURANCE COMPANIES. 227 

necessary acts and things connected with these objects or 
any of them. All policies of insurance shall be subscribed 
by the president or vice president, and countersigned by the 
secretary. 

§ 8. The board of directors shall make such dividends, Dividends, 
annually or semi-annually, as in their judgment the affairs 
of the company will permit. All such dividends shall be 
indorsed upon the unpaid stock notes until they are paid in 
full. 

§ 9. It shall be lawful for the said corporation to invest investments, 
its funds in United States stocks, stocks of this state, mort- 
gages on unincumbered real estate in Edgar county, or 
elsewhere, worth fifty per cent, more than the amount 
loaned thereon, and on such other safe securities as the 
board of directors may determine. 

§ 10. The fiscal year of the company shall commence rheaiyear, 
on the first day of January and terminate on the thirty- 
first day of December. The officers of the said company 
shall, during the month of January, in each year, cause a 
full and accurate statement of the affairs of said company Ann-aai state- 
to be made in some one of the weekly newspapers pub- ™®'^*- 
lished in the town of Paris. 

§ 11. The principal office of said company shall be lo- principal office.. 
cated in the town of Paris, Edgar county, Illinois, but it 
may have agents and transact business within and out of 
the state. 

§ 12. It shall be lawful for said company to purchase Possession of 
and hold such real estate as may be convenient for the p'""?*- ^y-^"^- 
transaction of its business, and also to have and hold any 
real estate as security, by mortgage or otherwise, to secure 
the payment of debts due in good faith to said company 
either for shares of capital stock or otherwise ; also, to pur- 
chase real estate at any sale in virtue of any judgment at 
law, decree in equity, or deeds of trust in favor of said 
company. 

§ 13. The stockholders of said company shall meet, an- Meetings. 
nually, on the second Monday in January, in each year, and 
elect directors for the then current year, at the office of the 
said company in the town of Paris. 

§ 14. That all the franchises and powers conferred by Franchises. 
act of incorporation upon the Sangamo Insurance Com- 
pany, approved February 16th, 1857, be and the same are 
hereby conferred upon the Home Fire and Marine Insu- 
rance Company, of Paris, Edgar county, Illinois. 

§ 15. IJnless the said company be organized within Limit, of law. 
two years after the passage of this act then this act shall be 
void ; and nothing in this act shall be construed so as to 
permit said company to do banking business, or exempt 
said company from the operation of such general laws- as 
may hereafter be passed upon the subject of insurance 
companies. 



228 



INSURANCE COMPANIES. 



§ 16. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 
Approved March 6, 1867. 



Corporators. 



Businefs 
powers. 



In force March AN ACT to incorporate the Mutual Health Assurance Association of Peoria. 
9, 1S67. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Alex- 
ander G. Tyng, F. C. Missner, David McKenny, 13. L. T. 
Bourland, Cai4 Feinse, Wra. H. Robinson, Geo. Laurie, 
Michael Rupelius, Erastus D. Hardin, Henry I. Rugg, Isaac 
Underbill and George Long, their associates and succes- 
sors, be and they are hereby created a body politic, and cor- 
porate, by the name of the " Mutual Health Assurance Asso- 
ciation of Peoria," possessing, in addition to the general 
powers and privileges of a corporation, under the laws of 
this state, the power to issue policies, insuring the members 
of said corporation, the payment of such weekly sums, in 
cases of disability by sickness or accident, as may be deter- 
mined by the board of directors as hereinafter provided. 

§ 2. The affairs of this corporation shall be under the 
management of a board of nine directors, who shall elect 
from among their number a president, vice president, sec- 
retary and treasurer. 

§ 3, The board of directors shall be elected, annually, 
from among the policy-holders, and they shall be eligible to 
re-election. The first nine persons named in the first sec- 
tion of this act shall constitute the first board of directors 
for one year from the passage of this act, and until their 
successors shall have been appointed. 

§ 4. The board of directors sliall have power to make 
all necessary rules for the government of this corporation, 
not inconsistent with the laws of this state, to issue policies, 
determine the rates of insurance, the limitations and condi- 
tions of said policies, to collect the premiums, to invest the 
surplus, after paying all expenses and losses and after reserv- 
ing a sufficient cash fund to meet immediate and probable 
losses, in government and state bonds and securities, and in 
first class mortgages upon unincumbered real estate within 
the state of Illinois. 

§ 5. The corporation shall have power to sue and be 
sued, plead and be impleaded, prosecute and defend, in all 
actions at law and in equity, in all courts whatsoever. 
Possession of § 6. This corporporation may also, lawfully hold, pur- 
property, etc. (.jj^gQ ^.ndi couvey real estate as follows, to- wit: 

First. — Such as shall be requisite for its accommodation 
in the transaction of business. 



Election of 
directors. 



First board. 



Powers of d 
rector*. 



Corporate 
powers. 



INSURANCE COMPANIES. 229 

Secoiid.— Such as shall have been mortgaged to it, by 
way of security for loans contracted in the course of its 
dealings. 

Third. — Such as shall have been conveyed to it -in satis- 
faction of debts previously contracted in the course of its 
dealings. 

Fourth. — Such as shall have been purchased at sales upon 
judgments, decrees or mortgages obtained or made for such 
deb'ts. 

§ 7. If it shall ever happen that the losses and neces- Assessments. 
sary expenses shall exceed the whole amount of the resour- 
ces of this company, then the board of directors shall assess 
each policy in sums proportionate to the premiums thereon, 
sufficiently to meet said losses and expenses: Provided^ 
such assessment or assessments shall not exceed one hundred 
per centum on the said premiums annually. 

§ 8. Unless the said company shall organize within two rime for orBani- 
years after the passage of this act, then this act shall be **""'' ^'"'''''^• 
null and void ; and nothing in this act shall be construed 
so as to permit said company to do banking business, or 
exempt said company from the operation of such general Banking busi- 
laws as may hereafter be passed upon the subject of in- ° ess prohibited 
surance' companies. 

§ 9. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Appkoved March 9, 1867. 



AX ACT to amend the charter of the Fire and Tornado Insurance Company. In force March 

V, 1867. 

Section 1. Be it enacted hy the People of the State oj 
Illinois, repreiented in the General Asserahly, That the first First section of 
section of the act to which this is an amendment be and ^^' ^""^^ 
J:he same is hereby so amended that the name '' Fire and 
Tornado Insurance Company," be and the same is hereby 
changed to " Continental Insurance Company." 

§ 2. Ko claim that is now or may be hereafter against claims valid, 
said company shall in nowise be affected by the passage of 
this act. 

§ 3. Nothing in this act or in the act of which this is an Banking 
amendment thall be construed so as to permit said company ^^^ 
to do banking business, or exempt said company from 
the operations of such general laws as may hereafter be 
passed upon the subject of insurance companies. 

§ 4. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved Marcn 7, 1867. 



230 INSURANCE COMPANIES. 



In force Feb'y AN ACT to amend an act entitled "An act to incorporate the Addison Far- 
25,1867. mer's Mutual Insurance Company," approTed February 15, 1855. 

Section 1. Be it enacted by the People of the IState of 
Illinois^ represented in the General Assembly, That said 

Insure stock, Ect be SO amended that said company may be authorized to 
buildings, etc. insure buildings, live stock, funiiture, provisions and pro- 
duce, and such other personal property as they are by their 
charter authorized to insure against loss or damage aside 
from fire, arising from lightning, and that the directors of 
said company may enact such by-laws and fix such rates as 
may be deemed necessary. 

Applications of § 2. The fuud arising from lio;htning risks shall be 

'"^'^^- applied, 

I'irst. — To the payment of all losses or damages arising 
from lightning, aside from fire, as may occur to such build- 
ings or other property that are thus insured. 

Second. — The directors of said company may appropriate 
such portions of this fund as they may deem proper to the 
compensation of officers, the payment of taxes, and of the 
other expenses of conducting the business of said company. 
Third. — Any member of said company so ensuring 
against loss or damage from lightning, shall, at the expira- 
tion of said insurance, be entitled to a proportional share of 
this fund, remaining after the payment of all losses and 
expenses as beforesaid. 

Conflicting acts § 3. So much of this act to which this is an amendment 

repeae . ^^ ^^^^ ^^^ inconsistent with this act, shall be and is hereby 
repealed. 

Organization. g 4., Unlcss the Said Company shall be organized within 
two years after the passage of this act, then this act shall 
be null and void. And nothing in this act, or in the act of 
which this is an amendment, shall be construed so as to 

Subject to gen- permit said company to do banking business, or exempt 

eral insurance ^ . -. ^^i • 7?t 11 '■ 

uws. saiQ company from the oj^eration of such general Jaws as 

may hereafter be passed upon the subject of insurance com- 
panies. 

§ 5. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved February 25, 1867. 



In force Feb'y AN ACT to incorporate the Vesuvius Insurance Company. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented iii the General Assembly, That James 
H. Knowlton, Henry S. Durand, Egbert Jamieson, Alex. 
F. Stephenson, and Thompson Maple, and their associates and 



INSURANCE COMPANIES. 231 

successors, and all Buch persons as shall become stock- 
holders, be and they are hereby created a body corporate 
and politic, by the name and style of "The Yesuvius Name and style 
Insurance Company ;" and, as such compan j, shall have 
perpetual succession, and shall have power to sue and be powers, etc. 
sued, plead and be impleaded unto, answer and defend, in 
any and all courts of law and equity in this state and else- 
where. The corporation shall have a common seal, and 
power to appoint all such servants and agents as it may 
deem necessary, and may make and establish such by laws, 
rules and regulations, for the management of its affairs, as 
it may think proper, not inconsistent with the laws and 
constitution of the United States and of the state of Illinois, 
and shall be reorganized in all its rights and powers, with- 
out pleading, the same in all the courts of Illinois. 

§ 2. The capital stock of said company shall be five capital stock. 
hundred thousand dollars, with power to increase its cash 
capital stock to any sum not exceeding three millions of 
dollars, by a vote of the majority in interest of the full paid 
stock, at the date of such vote. Said stock shall be divided 
into shares of one hundred dollars each, and shall be deemed 
personal property, and transferable on the books of the 
company only, under such regulations as may be adopted 
by the board of directors of said company. 

§ 3. The incorporators named in the first section of this act, stock subserip- 
or a majority of them, shall have power and authority to open 
books, at such time and place in the city of Chicago, and 
other places, for subscription to the capital stock, as they 
may appoint, not to exceed one year from the time of the 
passage of this act, by giving ten days' notice in some news- 
paper printed in the city of Chicago, that such books will 
be opened for subscription to the capital stock and that they 
will remain open until one hundred thousand dollars shall 
have been subscribed. S:iid corporators shall require a 
payment of ten per cent, upon all the subscriptions for stock 
at the time of subscribing for the same ; and the remaining 
ninety per cent, shall be secured by mortgages upon real 
estate worth double the amount secured, by U. S. bonds, or by 
Illinois state stocks. And as soon as the sum of one hun- 
dred thousand dollars is subscribed and ten per cent, is paid, 
as herein provided, the incorporators shall within ten days 
thereafter call a meeting of the stockholders, by publishing Meeting of 

.. . ° . T 1 , • y-^, ."^ ' . ,■ ° Stockholders. 

a notice m some newspaper published m Chicago, stating 
the time and place for the stockholders to meet to elect a 
board of directors. The election of the lirst board of direc- 
tors shall be managed and superintended by the incorpo- 
rators who have acted in opening the books for subscription 
to the capital stock of said company. 

§ 4. The officers of said company shall consist of a officers, 
board of directors, of not less than seven nor more than 
nine persons, a president, vice-president, secretarj^ and 



INSUKANCE COMPANIES. 



Duty of stock 
holders. 



treasurer. The board of directors shall as soon as fully 
By-laws. Organized, adopt by-laws, establish rules and regulations 

bj which its members shall be governed and the business 
of the company conducted. The by-laws so adopted, shall 
define the powers and duties of the directors and other 
officers of the company ; and said board of directors shall 
fix tlie salaries of all officers and employees of said com- 
pany, and provide for their own compensation, from time 
to time, as the interest of the company may require ; and 
may alter and amend the by-laws of said company, as they 
may see lit and proper : Provided^ that such by-laws, rules 
and regulations shall not, in any way, conffict with the laws 
of this state. 

§ 5. It shall be the duty of the incorporators who have 
acted in opening boohs for subscription to the capital stock 
of this corporation, so soon as the board of directors is 
chosen by the stockholders and such board is fully organ- 
ized, to deliver over the subscription books and all moneys 
received by them on subscriptions of stock to the board of 
directors. 

§ 6. The stockholders shall elect, annually, from their 
number, a board of directors, consisting of not less than 
seven nor more than nine persons, at such time and pl^ce 
as the by-laws may provide — each share of stock being en- 
titled to one vote — to be cast either in person by the holder 
thereof, or by proxy, as may be provided for in the by-laws 
of the company. A majority of the votes cast at any and 
all elections shall decide the same. A majority of the direc- 
tors, shall form a quorum for the transaction of business. 
At all annual elections for directors of the corporation the 
members present shall appoint three stockholders, who are 
not directors, to act as inspectors of election, who shall can- 
vass the votes and declare the result; and the persons who 
shall have received the greatest number of votes shall be 
directors for the coming year, and shall immediately, as soon 
as notified, accept or decline the election. And said direc- 
tors shall, as soon as qualified, organize the new board and 
proceed to elect from their number a president, vice presi- 
dent, secretary and treasurer. The directors and officers of 
said company shall hold their offices for one year, and until 
their successors are qualified. And said board of directors 
Appointments, may, tVom time to time, appoint such other officers, clerks 
and agents for said company as they think necessary, and 
define their duties, and determine their compensation and re- 
quire such security for the faithful performance of their du- 
duties as shall be deemed proper. Said board of directors 
may appoint three of the stockholders to act as an executive 
committee, which executive committee, when appointed, 
shall possess all the powers of the board of directors in the 
management of the business of the company. When said 
board of directors shall not be in session the powers and du- 



Quorum. 



Election of 
officers. 



INSURANCE COMPANIES. 233 

ties of said committee, in connection with the aflfairs of the 
company, shall be defined and their compensation deter- 
mined by the by-l^ws of said company. 

§ 7. The corporation hereby created shall have power ^J^^e^^jfon/'^'^ 
to make insurance against loss or damage by fire on any '^^"^ '°°'" 
and all kinds of property, buildings and fixtures ; to make 
insurance and take all and any marine risks ; and, also, said 
corporation shall have power to make insurance against loss 
or damage occasioned by explosion produced or caused by the 
force or power of steam, and on any or either of the risks 
above mentioned ; to fix charges and rates of insurance there- 
for, and receive such rates for such insurance as may be agreed 
upon by the parties ; and any or either of the risks and insu- 
rances above mentioned may be taken upon the stock or 
mutual principle, or upon both together, as said company 
may provide in their by-laws, rules and regulations for con- 
ducting the business of said company under this charter. 

§ 8. All persons who shall at any time be insured in this Membership, 
company upon the mutual principle, shall become members 
thereof during the continuance of their respective policies, 
and no longer, and shall, at all times be bound by the pro- 
visions of this act. All cash premiums paid by such insu- Certificates of 
red and members, to the amount of one hundred dollars, '^^°'^^' 
shall be entitled to a certificate of stock, representing one 
share, and the holder thereof shall be entitled to the same 
rights and dividends thereon as the full paid stock of the 
company. 

§ 9. The rates of insurance, whether against loss or i°s"»"a°ce rates 
damage by fire, marine risks, life, or against injury or death 
by accident, of persons traveling, or otherwise, as above 
provided, or against loss or damage from explosion, as above 
provided for, when made upon the mutual or stock priaci- 
ple, under this act, shall be fixed by the board of directors 
in the by-laws, rules and regulations of the company, and 
in such a manner as to make the insurance uniform, as far 
as it can be done; and said company shall have the power 
and authority to take, in its corporate name, premium notes Preminma. 
from the insured, which shall be paid at such time or times 
and in such sum or sums as the directors shall require for 
the payment of losses and expenses ; and said directors may 
determine the percent, upon such premium notes, to be paid 
in money in hand at the time of the insurance, as they may 
deem proper, and for the interest of the company. Any 
person applying for and becoming insured may pay a defi- 
nite sum of money, in full for said insurance and in lieu of premium notes. 
a premium note. 

§ 10. Said company shall have the power and authority Policies -risks. 
to issue policies of insurance to any person or persons, or to 
any body corporate, against loss or damage by fire, or loss 
and damage occasioned by explosion produced or caused by 
the force or power of steam, and also marine risks for any 
term of years not exceeding ten. 



234: 



INSURANCE COMPANIES. 



EHities of first 
c'irectora. 



Investment 
moneys. 



§ 11. The directors shall have power and authority to 
levy assessments upon the premium notes any time they 
may deem it necessary for the payment of losses and 
expenses ; and the parties giving such premium notes shall 
be and are hereby bound to pay their proportions of all 
loss and expenses happening and accruing during the time 
for which their policies were issued and in force and to the 
amount of their premium notes. 

§ 12. Whenever any assessment is made upon any 
premium note given to said company and the maker thereof 
shall neglect or refuse to pay the amount claimed by said 
company for the space of twenty days after notice of sucli 
assessment, his, her, its or their policy shall become null 
and void, until such payment is made; and an action may 
be brought at law for the whole amount of the premium 
note; and proceedings in a court of chancery, by bill, may 
be instituted to enforce the claim given the company under 
this act; and in case suit is brought, either at law or in 
chancery, or both, for the recovery of any assessment due 
said company, the certificate of tiie secretary or president 
of said company, stating the amount of assessment and the 
amount due shall be taken and received SlQ prima facie 
evidence in all courts of law and equity in this state. 

§ 13. The home office of said company shall be in the 
city of Chicago, and state of Illinois. Said company may 
do business in any other place, by an agent or agents, and 
may establish a branch ofhce or offices in any other state or 
states, under the laws thereof; and said company may take, 
in its name or otherwise, such real estate, and hold the 
same, as may be necessary to have and hold for the purpose 
of transacting its business; and may take and hold such 
personal property as may be necessary for the use of the 
company. 

§ 14. The lirst board of directors elected under this act, 
and any subsequent board, may open subscription books 
for capital stock of said company, and shall have power and 
authority to fix the per cent, to be paid at the time of sub- 
scribing, and shall have power and authority, from time to 
time, to require it to be paid upon the capital stock of said 
company from the subscribers, until the stock shall be fully 
paid; and in case any subscriber shall neglect or refuse to 
pay such installment, or any part thereof, said board of 
directors shall have the power to forfeit such stock and sell 
the same, in such manner as may be prescribed in the by- 
laws of said company. The stock of said company may 
[be] transferable in such manner as said company may pro- 
vide in the by-laws, 
of § 15. The corporation, by its board of directors, may 
declare dividends; but all dividends shall be applied in 
payment of the capital stock subscribed until the amount 
subscribed by each shareholder shall be fully paid by 



INSURANCE COMPANIES. 235 

installments or dividends ; and after such tuU payinent of 
stock of any and all of the stockholders, all dividends shall 
be paid to such stockholders or to the person or persons 
holding the stock. 

§ 16. The company may invest any surplus capital, or 
other money on hand, in any kind of interest paying stocks 
or securities, or on real estate, lands and mortgages, or may 
loan the same, at any rate of interest not exceeding ten 
per cent.; and may discount the interest reserved out of 
such loan, and may take, hold, sell aind convey such real 
estate and personal property as it may be necessary, to 
secure any loan or debt due to said company, by payment 
or otherwise. In all cases of loss exceeding the property Losses. 
and paid stock of the company each shareholder shall be 
liable, 2Jro rata, on the amount of and to the amount of 
unpaid stock due from each, J^othing contained in this act 
shall be so construed as to allow the company any banking 
privileges, or issue any certificates of deposit to circulate as 
money or currency. 

§ 17. if it shall happen that the election of directors of Elections. 
this company shall not be held on the day when pursuant 
to this act it should have been made or held, this company, 
for that cause, shall not be deemed to be dissolved, but it 
shall be lawful, on any other day, to make and hold an 
election, notice of which shall be given in a manner pre- 
scribed by the by-laws of said company: Provided, that if 
the corporation created by this act shall not organize within 
one year from the passage hereof, then this act shall be 
null and void. 

§ 18. And nothing in this act or in the act of which this is construction of 
an amendment shall be construed so as to permit said com- ^^^' 
pany to do banking business, or exempt said company from 
the operation of such general laws as may hereafter be 
passed upon the subject of insurance companies. 

§ 19. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved February 28, 1867. 



AN ACT to incorporate the Union Investment Company. In force June 

Section 1. Be it enacted hxj the People of the State of 
Plinois, represented in the General AssemUy, That Frank corporators. 
Priest, J. S. Durkee, C. D. Sears, J. H. Currier and A. 
Montfort, their associates and successors, are hereby declar- 
ed a body politic and corporate, by the name of "The Union Name. 
Investment Company," for the objects and purposes herein- 
and, by their corpoi;ate name, may sue and 



INSURANCE COMPANIES. 



Legal rights. 



By-laws. 



Directors. 



be sued, plead and be impleaded, appear, prosecute and de- 
fend, in any court of law or other court or place whatsoever ; 
may have and use a common seal, and alter and renew the 
same at pleasure ; may make, establish and put in execu- 
tion such by-laws, ordinances and resolutions, not being 
contrary to the laws of this state or of the United States, 
as may seem necessary or convenient for their regulation 
and government, and for the management of their affairs; 
and do and execute all such acts and things as may be 
necessary to carry into effect the purposes intended by this 
act, 

§ 2. The affairs of said company shall be managed by 
a board of directors, to consist of not less than five nor more 
than fifteen members, as may be regulated by the by-laws 
of said company. Said directors shall be chosen by the 
members and stockholders of said company, and a majority 
of the whole board shall constitute a quorum for the tran- 
saction of business. The executive committee of said com- 
pany shall possess all the powers of the board of directors 
when the said board is not in session. 

§ 3. The board of directors shall elect a president, vice 
president, actuary and treasurer, who shall hold their res- 
pective otiices, for one year, or longer, as may be determined 
by the by-laws of said company, and until others are chosen 
in their places. The board of directors shall also appoint 
an executive committee, to consist of three directors. Su- 
bordinate ofiicers, agents and examiners may be appointed 
by the board, and in the manner prescribed by the by-laws 
of said company. 

Business. § 4. The Corporation hereby created shall have full pow- 

er and authority to take risks and make insurance with any 
person or persons upon their life or lives or upon the life of 
any person for the benefit of any other person having a 
pecuniary interest in the insured person's life, as creditor, 
guarantee, or interest by marital relation ; to grant, sell 
or make and contract for annuities or endowments ; and to 
do all other acts and things* necessary and incidental to the 
transaction of a life insurance and annuity business ; and 

Surpiui capital, to loau their surplus or unemployed capital or money on 
personal or real estate securities, state and United States 
bonds, and other securities, at such rates of interest as the 
said directors may agree, not exceeding the rate at the time 
that may be allowed by law to individuals, payable annu- 
ally, semi-annually, quarterly or in advance ; they may also 
cause themselves to be insured against loss upon any or all 
of their risks, and also to insure their own property or their 
interest in any property against loss by fire. 

§ 5. It shall be lawful for any married woman, by her- 
self and in her name, or in the name of any third person, 
with his consent, as her trustee, to cause to be insured for 
her sole use, the life of ber said husband ; and the premium 



Agents and ex- 
amingrs. 



Re-insurance. 



Privilefrea of 
married wo- 
men. 



INSURANCE COMPANIES. 237 

of said insurance, not exceeding three hundred dollars per 
annum, may be paid by or from the estate or funds of her 
said husband ; or a policy in his name and by him obtained 
may be made payable to his y^fe, or to her and her child- Payment, 
ren, or to either ; and in case of her surviving her husband 
the sum or net amount of insurance becoming due and pay- 
able by the terms of the insurance shall be payable to her, 
to and for her own use, free from the claims of the re])re- 
sentatives of the husband or of any of his creditors, other 
than this corporation. In the case ot the death of the wife 
before the decease of her husband, the amount of the said 
insurance may be made payable, after such death, to her 
children, for their use, and to their guardian, if under age. 

§ 6. The board of directors shall determine the rate of insurance rates 
insurance, the sum to be guaranteed in any one risk, and 
the fees and premium to be paid therefor. Each and every 
applicant for insurance in said company, before he, she or 
they shall be entitled to a policy or certificate of member- 
ship, shall deposit with the company such premium or 
membership fee as may be determined by the rules, rates Premium rates. 
and regulations of the company, and shall, also, stipulate 
for the payment of such further premiums and contributions 
as may be agreed upon. The board of directors may estab- 
lish separate classes for the risks presented for their accept- classes. ' 
ance, and the members of each class shall contribute and 
participate^*? rata^ with members of the same class in the 
receipts and distributions of said company. The policy or 
certificate of membership of any person insured in said 
company shall cease and determine at any time when the Policies. 
holder or holders thereof shall fail or refuse to pay to said 
company the contribution or premium by him, her or them 
agreed to be paid, but the company may proceed to collect 
the amounts due from such delinquent policy-holders or 
members up to the time of such termination of their mem- 
bership. 

§ 7. For the better security of policy-holders, the board stock capital, 
of directors of said company may establish a stock capital 
of not less than j&fty thousand nor more than five hundred 
thousand dollars, to be divided into shares of one hundred 
dollars each. There shall be paid, at the time of subscrip- 
tion to said stock, by each subscriber, at least ten per cent, of 
the amount by him, her or them subscribed, and the residue 
shall be paid or secured by mortgage on unincumbered real 
estate worth twice the amount for which the mortgage calls 
for, or United States bonds, state or county bonds, at their 
cash value. 

§ 8. The annual election for directors of said company Elections. 
shall be held on the first Monday in January in each year, 
ten days' notice of which shall be given by public notice in 
some newspaper published in the county wherein the home 
oflBce of the company is located. Each member shall be 
entitled to one vote and each stockholder one vote for each 



238 JAIL. 

share by him, her or them held, and absent members may 
vote by proxy. Should it so happen that the annual elec- 
tion should not be held at the time when, pursuant to this 
section it ought to have been had and held, the corporation 
shall not be deemed to be dissolved thereby, but the same 
may be had and held at any other time thereafter, notice 

Vacancies. having been given as hereinbefore provided for. Vacancies 
in the board may be filled at any regular or special meeting 
thereof by a majority of the directors, 

^'a^si^nabie^^^' § ^' '^^^ shares of the capital stock of said company 
shall be assignable only on the books of the company, and 
in such manner as may be prescribed by the by-laws of the 
corporation. The persons named in the first section of this 
act are hereby constituted the first board of directors, and 
are authorized to fill up their number to any number not 
exceeding fifteen, and shall serve as such until the first an- 
nual election or until others are chosen in their stead. 

Home office. § 10. The home office of the company shall be located 
in the city of Springfield, Illinois. 

§ 11. Unless the said company shall be organized within 
two years after the passage of this act, then this act shall be 
null and void. And nothing in this act shall be construed 
so as to permit said company to do banking business, or 
exempt said company from the operation of such general 
laws as may hereafter be pasted upon the subject of insu- 
rance companies. 

§ 12, This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

This bill having remained with the governor trom the last day of the regular session 
of the twenty-flfth general assembly, who, by their adjournment, prevented its return 
within ten days, and not having been returned on the first day of the meeting of the 
general assembly, after the expiration ol said ten days, has become a law, and is filed 
in this office, this 12th day of June, a. d., ISjT. SHAEON TYNDALE, See'y of State. 



Limit of law. 



In force Feb'y AN ACT to enable the county of Alexander to build a jail and improve 
^' l^''"- the court house grounds, and for other purposes. 

Section 1. Be it enacted hy the Peqple of the State of 
Illinois, rejpresented in the General Assembly, That the 

Borrow money, couuty of Alexander be and is hereby authorized and em- 
powered to borrow money, in one or more loans, not ex- 
ceeding in all the sum of fifty thousand dollars, to be used 
in constructing a jail and filling up, decorating and im- 
proving the court house yard or grounds, in the city of 
Cairo, in said county, and for other purposes, 

BondB. § 2. For the purposes aforesaid, the county court of said 

county is authorized to issue bonds of said county, to the 
amount of fifty thousand dollars, in sums of not less than 
one hundrfed dollars nor more than one thousand dollars 



LAND COMPANY. ' 239 

places as said county court may designate, and shall bear 
interest not exceeding ten per centum per annum, and shall 
be signed by the judge of said county court and counter- 
signed by the clerk of said court, with the seal of said court 
annexed ; and said bonds may be sold by said court and 
shall be obligatory upon said county. 

§ 3. The county court of Alexander county shall pro- Principal and 
vide for the payment of the principal and interest of said 
bonds, and, if necessary, shall levy a special tax therefor ; 
and at the expiration of one year from the issuance of said 
bonds the said court shall publish in some newspaper pub- 
lished in the city of Cairo, a statement of the amount of Amount issued, 
bonds issued, for what purpose issued, and what amount 
has been collected for the payment of the principal or in- 
terest thereon, and such statement shall, in the same man- 
ner annually thereafter, be published. 

§ 4, This act shall take effect from and after its passage. 

Appkoved February 9, 1867. 



AN ACT to incorporate the Chicago Real Estate and Land Company. In o's'TsG?'*^^'^ 

Section 1. Be it enacted hy the Peoj)le of the State of 
Illinois, rejpresented in the General Assembly, That Samuel 
H. Kerfoot, I. Ford Pearson, William C. Goudy, Herman 
Benze and T. Brainard Smith, or any three (3) of the afore- 
said persons, their associates, heirs or assigns, and all such 
persons as shall become sotckholders in the corporation 
hereby created, and their successors shall be a body po- 
litic and corporate, for the term of twenty-five (25) years, 
by the name and style of "The Chicago Real Estate and corporate nams 
Land Company;" and shall have a common seal; pow- *°«^p°^®''^- 
er to sue and be sued, plead and be impleaded ; to appoint 
such officers, servants and assistants; make such rules, regu- 
lations and by-laws as the said corporation, by its board of 
directors, shall deem proper and necessary. The said cor- 
porators or those of them so organizing said company, shall 
constitute the first board of directors of said company, and directors. 
shall serve as such board until their successors shall be 
duly elected and qualified, 

§ 2. The capital stock of said company shall be one capHai stock. 
hundred thousand dollars, 'with power to increase the same 
to be subscribed and paid for in the manner prescribed by 
the by-laws to be made by the said company, and shall be 
divided into shares of one hundred dollars each, which 
shares shall be deemed personal property, and shall be trans- 
ferable on the books of said company in such manner as its 
by-laws may prescribe. 



240 



LAND COMPANY. 



Real estate. 



Business 
powers. 



Deeds signed. 



Vote of stock- 
heldeis. 



S{««orda, 



The affairs of said company shall be managed bv a board 
of directors, not less than three, nor more than five in num- 
ber, who shall be elected annually on the first Monday of 
January in each year ; but any failure or omission to elect 
directors shall in nowise impair or affect the rights and pow- 
ers of directors holding over, but they shall continue in of- 
fice till their successors shall be duly elected, nor shall such 
failure or omission in anywise impair or affect the rights or 
interests of the stockholders or others interested. Each 
board of directors shall elect one of their number presi- 
dent, and they appoint a secretary and treasurer. The 
treasurer shall give such bond and security as the board of 
directors may require. 

§ 3. The said corporation shall have power to acquire the 
title to real estate or personal property, by purchase, grant, 
deed, devise, bequest or gift ; to buy, sell, convey, lease, 
mortgage or improve the same ; to secure the payment of 
any money or debt due by or to it, by deed of trust, mort- 
gage, pledge or collateral ; to execute or take bills of ex- 
change, notes, bonds or contracts in the transaction of its 
business ; to buy and sell real estate upon commission ; to 
pay taxes, rent property, and to do and perform all such 
other acts as may be necessary and proper for the exercise 
of the powers herein conferred. The deeds, mortgages, 
contracts, leases and releases executed by said company 
shall be signed by the president and secretary and sealed 
with the seal of the corporation, and all other papers may be 
executed in such way as is usual for corporations, or as may 
be directed by the rules, regulations and by-laws of this 
company. 

§ 4. At every election for directors each stockholder 
shall be entitled to one vote for each share of stock he may 
then hold in his own name and right, and such vote may 
be in person or by proxy. A majority of all the votes so 
cast shall be necessary to make an election. 

§ 5. The directors of said corporation shall cause their 
secretary to keep a record of their actions and proceedings 
as a corporate body, and regular accounts shall be kept of 
all the moneys received and expended, and all the books 
and papers of the corporation shall always be open to the 
inspection of any stockholder ; and the main office of said 
company shall be in the city of Chicago. 

§ 6. This shall be deemed a public act, and in force 
from and after its passage. 

Appkoved February 28, 1867. 



LAND IMPROVEMENT COMPANY. 241 



AN ACT to incorporate the Land Improvement and Irrigation Company, in force March 

1, 1867. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That Eras- corporators, 
tus Bailey, John 0. Haines, James H. Kinyon, Francis B. 
Toby and R. K. Switt, and all others who may become as- 
sociated with them as subscribers to the stock of the com- 
pany hereby created, their associates and assigns forever, ' 
be and they hereby are created and made a body politic 
and corporate, by the name and style of " The Land Im- Name and style 
provement and Irrigation Company ;" and, by that Tiame, 
shall be and hereby are empowered to have, hold, possess 
and enjoy, by themselves, successors and assigns forever, powers, 
lands, tenements, hereditaments, goods, chattels, choses in 
action and effects of every kind, and the same to grant, sell, 
alien, invest, loan and dispose of; to sue and be sued, plead 
and be impleaded, in all courts of law and equity ; to have 
and use a common seal, and the same to change, alter or 
renew at pleasure : Provided, the principal office of said Principal office 
company shall be kept in the city of Chicago. 

§ 2. The business. and affairs of said 'corporation shall Directors, 
be managed by a board of not less than three nor more 
than seven directors, and such officers and agents in this 
state and other states and places as they may appoint. The First board, 
first board of directors shall be elected by the corporators 
aforesaid, or such of them as may act, together with such 
other persons as may become associated with them as sub- 
scribers to the stock of said company ; and, thereafter, the 
said directors shall be elected by ballot by and from the 
stockholders of said company. They shall hold their office 
for the term of three years and until others shall be elected 
or chosen to fill their places. In case of a vacancy, by vacancies, 
death, resignation or otherwise, the remaining directors 
may fill such vacancy, by appointment, until the next regu- 
lar election. There shall be a meeting of the stock holders Meetings, 
at the office of the company in Chicago on the second 
Tuesday of February of each and every year. Three 
stockholders, representing either by ownership or proxy, 
one-half the capital stock of the company, shall constitute 
a quorum for transacting business. The said board of 
directors shall have power to ordain and put in execution By-iaws, etc. 
such by-laws and regulations as they may deem proper for 
the well ordering and government of said corporation : 
Provided, they be not repugnant to the laws of the United Proviso. 
States or of this state, or to the provisions of this act of in- 
corporation. They shall have power to make or cause to 
be made such surveys, examination and improvements of Survey, etc. 
the lands and water courses owned or controlled by said 
company, to appoint all such officers and agents and to fix 
their salaries, compensation, duties and terms of office, as 
Vol. 11-16 



242 



Reports. 



Organization. 



Stock subscrip- 
tion. 



Object 



Capital stock. 



Increase of di- 
i-ectftrs. 



Vote of, stock, 
holders. 



Stock shares 
tiansfeiable. 



LAJ^D IMPROVEMENT COMPANY. 

they, in the exercise of a sound discretion, may deem for 
the best interests of the company. They shall require the 
officers in charge of the home office of said company to make 
out an annual repoi-t of the resources and liabilities, receipts 
and expenses, business and losses of the company, to be 
verified by affidavit ; of which report each stockholder shall 
be entitled to a copy, on application at the office of the 
company. The home office of said company shall be loca- 
ted in the city of Chicago. Contracts to which said cor- 
poration may be a party shall be valid and binding with or 
without the seal of said corporation attached. 

§3. At any time within two years from and after the 
pas8£«ge of this act, and not afterwards, the said corporators, 
or such of them as may act, shall proceed to organize the 
company, by the election of the first board of directors, and 
open books for subscription for the capital stock of said 
company ; and subscribers therefor may be required to pay 
for the stock so suT^scribed for by them in installments, as 
may be ordained by said board ot directors ; and they may 
and shall forfeit, for the use of the company, all install- 
ments and payments that may have been made by them 
thereon, upon failure to make due and punctual payment 
of any installment that may be called for or ordered by 
said directors. 

§ 4. The chief objects of this association shall be to ex- 
amine, survey and purchase lands or interests in lands, 
water courses, or interests therein, which are as near as 
may be adapted by nature to the use of water to irrigate 
the same, to facilitate the growth of crops in dry seasons, 
and to improve and cultivate the same for snch crops chiefly 
as require irrigation to produce the largest returns. 

§ 5. The capital of said company shall be acquired by 
issue and sale of, by said board of directors, certificates oi 
shares therein, in such sums per share and with such grades 
of preference as to a share or shares in the dividends of the 
net profits of the company, and with such terms and con- 
ditions in relation to such dividends, and as to retirement 
of such shares or any portion thereof, as the said board of 
directors may deem proper to ordain, fix or establish. Said 
capital may be acquired to the extent of one hundred 
thousand dollars. 

§ 6. At any annual meeting of the company, (a quorum 
for business being present,) the number of the directors 
may be increased or diminished as two-thirds of the voters 
ftt any such meeting may approve by their votes. 
' § i. At all elections for directors the stockholders shall 
be entitled to one vote, by themselves or proxy, for each 
share of stock held and owned by them respectively. 

§ 8. Shares in said capital stock shall be transferable 
only on the books of said corporation, according to the 
rules and regulations of the company. 



LEGALIZING CERTAIN ACTS. 243 

§ 9. A.ny surplus moneys belonging to the compcany Surplus moaeyj 
may be used, from time to time, to purchase, for account of 
the company, any certificate of a share or shares in the said 
capital : Provided^ that authority to do so is confirmed at 
an annual meeting of the company. 

§ 10. The company may borrow money, for the purpose Borrow msney. 
of improving its lands, and secure the payment of the same 
by its note or notes, bond or bonds, contract or contracts, 
coupon or coupons, mortgage or lien on its lands and ef- 
fects, but not otherwise. 

§ 11. At least once in each period of eight years the oetenniai 
company shall furnish to the governor of this slate a re- r'^P°'^i«- 
port, stating the amount of lauds improved by the com- 
pany, and the nature of such improvement, and the profits 
or loss resulting from its operations. 

§ 12. The said board of directors may, out of the net Reserve funds, 
profits of the company, set apart and create such reserve 
fund or reserve funds, for specific or general purposes, as 
they may deem needful, proper or expedient. 

§ 13. This act shall be deemed to be a public act, and 
to take efi:ect from and after its passage. 

Appkoved March 1, 1867. 



AN ACT to legalize certain acts therein mentioned In force feb'y 

22, 1867. 

Whereas, the city council of the city of La Salle, in the preamble, 
county of La Salle, by a certain contract, made and entered 
into by said city council, with Richard Cody, Michael Byrne 
and Nicholas Duncan, of said city of La Salle, authorized 
the said Cody, Byrne and Duncan to mine and take out 
the coal underlying the streets, alleys and public grounds 
of that portion of said city of La Salle, situated upon sec- 
tion ISTo. fifteen (15), in township Nq. thirty-three (33) north, 
of range No. one (1) east of the third principal meridian, 
upon certain terms and conditions in said contract men- 
tioned; and, whereas, some doubts are entertained with 
regard to the full authority of said city council to make and 
enler into said contract and as to the entire legality of the 
same ; now, therefore, 

Section 1. B& it enacted hy the People of the State of 
Plinois, represented in the General Assembly. That the said oid contract! 
contracts, and all the several matters and things therein ''*''^*''^- 
contained, be and the same are hereby fully ratified and 
confirmed, and the same shall be deemed and held, in all 
courts and places whatever, to be, in all respects, entirely 
legal, valid and effectual. 

§ 2. This act shall take effect and be in force from and 
after its passage. 

Approved February 22, 1867. 



U4: 



LIBKARIE8. 



In fore* Feb'/ AN ACT to incorporate the Public School Library Society of "Warsaw, 
50,1867. Illinois. 



Section 1. Be it enacted hy the People of the State of 
Illi7iois, rep'/ esented in the General Assembly^ That 1:^. A. 
Prentiss, Sollis R. Holmes, Darius H. Cox, Adolph iloesler, 
Fr. Kruskoff, James B. Hill and Keziah W. JBliss, and such 
other persons as may be associated with them, in compli- 
ance with the conditions expressed in sections two and three 
of this act, are hereby constituted a body corporate and po- 

Nam« and style Htic, by the name and style of " The Public School Library So- 
ciety of Warsaw, Illinois;" and, by thatname,they and their 

powers. successors shall be known in law, have perpetual succession, 

and a common seal, and may contract and be contracted 
with, sue and be sued, plead and be impleaded, in any court 
of law or equity, and may purchase, receive and hold, alien 
and convey any real or personal property which may be 
given or dedicated to or purchased by them for the use of 
said society. 

Object. § 2. The object of said society is declared to be the 

establishment and maintenance of a public school library 
and lyceum. And all persons who have been heretofore, 
are now, or may be hereafter members of the board of edu- 
cation, officers, teachers or pupils of the Warsaw public 
schools, may become life members of said library, by pay- 
ing to the board of trustees hereinafter provided for the 
sum of twelve dollars. ]^o other persons than those herein 
designated shall be eligible to life membership of said 
library ; but there may be annual subscribers to the same, 
under such regulations as the said board of trustees may 
determine. 

Membership. § 3. No pcrsous, cxcept life members of said library, 
are entitled to become members of the society hereby estab- 
lished. Members of the board of education, officers and 
teachers of the said public schools, and all other adult per- jj 
sons, shall become members of said society, by virtue of \ 
their life membership of said library ; but the conditions 
on which pupils shall be entitled to membership of said 
society shall be determined by said board of trustees, j 

Trmteei, § 4. The powers of the society hereby established shall I 

be vested in a board of nine trustees, any five of whom ' 
shall constitute a quorum to transact business. The presi- 
dent of the board of education, the principal of the high 
school, and the principal of the grammar school, of the 
Warsaw public schools, and their successors, are hereby 
declared permanent members of the said board of trustees, 
by virtue of their respective offices. The remaining six 
members of said board of trustees, three of whom may be 
females, shall be elected by said society from their own mem- 
bers, for the term of three years and until their successors 



LIBRARIES. 24:5 

shall be elected and qualified; and one-third of the mem- 
bers shall go out of office every year; and,forthat purpose, 
the first board shall, cause its elected members to be divided, 
by lot, into three equal classes, the first class to go out of 
office at the end of one year, the second at the end of two, 
and the third at the end of three years. Any vacancy that 
may occur in this board, by death, resignation or otherwise, 
or by the election or appointment of an elected member to 
a position making him an ex-offioio member, shall be filled 
for the remainder of the term by the board itself. 

§ 5. The president of the board of education shall be. President. 
ex officio^ president of the said board of trustees, and he is 
hereby authorized to open or cause to be opened a book of Bookof registry 
registry, wherein shall be recorded the names of all eligi- 
ble persons who may desire to become members of said 
society; and when twenty-five or more persons shall have 
thus enrolled their names he shall call them together, at 
such time and place as he may designate, and when assem- 
bled, they or such of them as may be present, shall pro- 
ceed to elect six trustees, who, when elected, shall be classi- 
fied as directed in the foregoing section. 

§ 6. The said board of trustees shall have power to offieeri, ttc. 
appoint such officers and agents as may be necessary to 
accomplish the objects of the society and to prescribe their 
powers, duties and compensation and to make and enforce 
all such rules, regulations and by-laws as may be required 
in the transaction of their business and the management of 
said library : Provided, that nothing therein contained shall Proviio. 
be repugnant to the provisions of this act or the laws of the 
land. 

§ 7. The said board of trustees shall have power to assess Assessments. 
all life members of said library any amount, not exceeding 
three dollars per annum; but no such assessment shall be 
made without the concurrence of at least two-thirds of the 
members of said board. 

§ 8. This act shall take efi'ect and be in force from 
and after its passage. 

Approved February 20, 1867. 



AN ACT to recognize, define and limit the powers of the stockholders of the In lore* Feb'y 
Quiacy Library, of the City of Quincj. 1^- 1*'^- 

Whereas the Quincy Library of the city of Quincy, Preamble. 
Adams county, Illinois, has been in existence since the year 
ISil, and was organized and incorporated under the pro- 
visions of an act entitled "An act to incorporate such per- oidiaw. 
sons as may associate for the purpose of procuring and erect- 



246 



LIBRARIES. 



ing public libraries in this state," in force January 31st, 
1823, and also of an act supplemental thereto, entitled "An 
act supplemental to act to incorporate such persons is may- 
associate for the purpose of procuring and erectino^ public 
libraries in this state, approved January 31st 1823," which 
last act was approved January 31st, 1835 ; therefore, 

Section 1. Be it enacted hy the People qf the State of 
Illinois^ re2)resented in the General Assembly, That the said 
Quincy library be and the same hereby is recognized and 
declared to be a legal corporation, for the purposes Bpecified 
in the .•=!aid acts above referred to, and defined in the consti- 
tution and by-laws of said Quincy Jibrary, and now in 
force; and it shall not be lawful for the said Quincy library, 
Keeping library ^'" ^''J' the Stockholders, to adopt or pass any law, order 
or resolution fur the purpose or with the effect of distribu- 
ting the property of said Quincy library,- among the stock- 
holders or other persons, or to so provide that said Quincy 
library shall cease to be kept up and maintained lor said 
purposes for which the same was organized ; and it shall 
not be lawful for the stockholders of the said Quincy li- 
brary, at this or any other time, to limit the number of its 
stockholders, but to enable all persons who may wish to 
participate in the benefits of said Quincy library, the num- 
ber of its stockholders, shall be unlimited, and the property 
of said Quincy library shall be held in perpetuity fur the 
benefit of said Quincy library. 

§ 2. This act shall take effect and be in force from and 
after its passage. 

Approved February 19, 1867. 



Incorporation; 



in existence. 



Perpetual 
sueceseion 



In force Feb'y 
22, 1867. 



AN ACT to incorporate the Library Hall Company of Quincy. 



Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Charles 

Corporators. j^l. Curtis, Isaac O. Woodruff, James D. Morgan, O. H. 
Browning, R. S. Bermeson, N. Bnshnell, Thomas Jasjier, 
Samuel Jonas, Elijah Gove, William McFadon, Lorenzo 
Bull, James M. Pitman, Charles H. Bull, M. B. Denman, 
Marcus Merrick, Amos Green, Charles W. Keyes, Charles 
E. Allen, P. C. Keller, John K. Van Dorn, Henry L. 
Warren, Henry S. Osborn, Porter Smith, Henry Root, F. 
W. Jansen, William Steinwedell, Allen Comstoc'k, Charles 
A. Savage, U. S. Pentield, and their associates and succes- 
sor, are hereby created a body politic and corporate, by the 

Name and atyie. name and stylc of "The Library Hall Company of Quincy;" 
and, by that name and style, shall have perpetual succes- 
sion; may sue and be sued, plead and be impleaded, answer 



LIBRARIES. 247 

and be answered unto, defend and be defended in all courts 
and places whatsoever of competent jurisdiction, and in all 
manner of actions whatever; may have a common seal, 
and alter, change and renew the same ; may receive and 
acquire, by gift, demise, lease, purchase, or otherwise ; and 
may hold, use, enjoy, convey, sell or otherwise dispose of 
such real and personal estate as may be necessary and con- 
venient for the purposes hereinafter recited ; and may do 
all acts and things necessary and proper to carry the same ^ 

into full effect. 

§ 2. The corporation hereby created shall have power powers, 
to make such constitution, by-laws, and rules and regula- 
tions for the appointment of its officers, the government of 
the company, the management of its property, and the 
superintendence of all its concerns, as its members shall 
deem most proper and beneticial, and may change the same 
at pleasure: Frovzded, the same is not inconsistent with 
the laws and constitution of this state or of the United 
States. 

§ 3. The funds of this corporation, hereby created, are Funds exempt 
hereby exempted from taxation, and shall be expended, as ^'■°'" taxation. 
is hereinafter provided, in buying an adequate lot or piece 
of ground and erecting thereon a building, sufficient and 
commodious for the use of the Quincy library, which ground 
and building, -while the same or any part thereof shall be 
occupied and used as a public library, shall not be subject 
to taxation. The stock of said company shall be in shares shares of stock, 
of twenty-five (25) dollars each, which shall be personal 
property, and be transferable only upon the books of the 
company, 

§ 4. It shall be the duty of the corporation hereby Duties of oor- 

y 1 . . /-I 1 1 , • 1 i poration. 

created, as soon as the necessary funds 'can be obtained, to 
purchase ground suitable for a library building, for the use 
of the Quincy library, and, without unnecessary delay, to 
erect thereon such building, as commodiouely as rau}'' be, 
for that purpose, and, when ready for use, as aforesaid, to 
lease perpetually said building and ground to the Quincy Lease. 
library, incorporated under the general law, by acts approved 
January 31, 1823, and January 31, 1835, upon the terras 
following, to-wit: That said Quincy library shall annually 
pay to the corporation hereby created, on or before the first 
day of January of each year, all general or special taxes, 
insurance and repairs to which said ground and building 
may be necessarily subjected, and, in addition thereto, six Rate of interest 
per cent, interest upoii the whole cost of said land and 
building, which shall not have been on said hrst days of 
January of each year repaid to the corporation hereby 
created by the Quincy library; and, upon the due payment 
of the before mentioned taxes, repairs, insurance and inter- 
est, the Quincy library shall forever have the full and entire 
control, use and possession of said land and building, and 



248 



LIBRARIES. 



may sub-let any part thereof and collect and appropriate 
the rents thereof : Promded, nevertheless, i\idit the Quincj 
library shall not be required to pay insurance greater than 
one per cent, upon the whole cost of the building, nor 
interest upon any part of the cost of the ground and build- 
ing which said library shall have repaid to the corporation 
hereby created; and that said library is hereby required to 
apply all moneys received from rent of the library building, 
which may remain after payment of taxes, repairs, insu- 
indehtedness. rancc and interest, to the reimbursement to the corporation 
hereby created of its outlay for ground and building: 
And provided, further, that when the Quincy library shall 
be in arrears for two whole years' taxes, repairs, insu- 
rance and interest, or shall be in arrears any such part 
thereof as amounts to the sum of three thousand (3000) 
dollars, then they shall forfeit their lease aforesaid, and 
the corporation hereby created may, after six (6) months' 
notice to the president of the board of directors of said 
library, take possession of the ground and building afore- 
mentioned ; but if the corporation hereby created does 
thus take* possession of the ground and building, it shall 
annually pay to the Quincy library such proportion of the 
net revenue received from said ground and building as 
the amount paid by said library towards the reimburse- 
ment of the cost of said ground and building shall be 
10 the whole original cost thereof; and said library shall be 
entitled to a like proportion of the proceeds of sale of the 
whole or any part of said ground and building, 
coyenants. ^5^ Q^ or bcforc the day on which the Quincy library 

shall take possession under the lease of the ground and 
building before mentioned, the corporation hereby created 
shall enter into good and sufficient covenants with the 
Quincy library to convey to said library all the right, title 
and interest of the corporation hereby created in the ground 
and building aforesaid, so soon as the library shall have 
reimbursed to the corporation hereby created its cash outlay 
for ground and building; and whenever the Quincy library 
shall tender to the corporation hereby created any sum, not 
less than one thousand ($1000) dollars, in part payment of 
said outlay, the latter shall receipt for same in triplicate, 
under its corporate seal, and shall deliver said triplicate 
receipt to the officers of tlie Quincy library, and shall, on 
the day of receipt, enter into a book, to be kept for the 
purpose, the time, date, amount and purpose of said pay- 
Books, ment, which book shall be carefully preserved by the cor- 
poration hereby created in a place as secure as maybe from 
loss by hre, theft, or otherwise, which book shall at all 
reasonable times be open to the inspection of the officers of 
the Quincy library. 
Payments. g (j, Qn or after the first day of January, of each year, 
the corporation hereby created shall, by its treasurer or 



LIBRARIES. 249 

other proper officer, pay to the owners of the stock of said 
company, for the time being, pro rata, the sum of money 
it shall" have received for interest for the preceding year 
from the Qnincy library. 

§ 7. This act Rhall be a public act, and shall be construed construciioa cf 
benignly and favorably, in all courts and places, for every 
beneficial purpose herein intended, and shall take effect 
from and after its passage. 

Approved February 22, 1867. 



AN ACT to incorporate the Bloomingtoa Library Association. i^ f^^^^ Feb'j 

23, 1867. 

Whereas, the Ladies Library Association of Blooming- preamble, 
ton, at its last annual meeting, voted that a charter be pro- 
cured from the legislature of the state of Illinois, incorpo- 
rating said association, under the name of "The Bloom- 
ington Library Association ; therefore, 

Sectiox 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That David corporator*. 
Davis, Ezra M. Prince, Walter M. Hatch, Peter Folsom, 
William H. Stennet, Benjamin F. Hoopes, Ira J. Bloom- 
field, Samuel S. Waddle, James IL Robinson, Maria Everly, 
Mrs. J. ISI. Waid, Mrs. Lyman Betts, Mrs. Robert Thomp- 
son, and Mrs. Joseph Ludington, and their associates and 
successors, are hereby declared a body corporate and politic, 
by the name of "The Bloomington Library Association ;" Name, 
and, by that name, shall have perpetual succession, and 
power to make and use a common seal, to receive, acquire ' 
and hold real, personal and mixed property, suitable to the 
carrying out the objects of this association, and the same to powers »nd ok- 
sell, rent, mortgage or put at- interest, or otherwise dispose ^'sation*. 
of, in the same manner and as fully as any individual could 
do with similar property ; to contract and be contracted 
with ; to sue and be sued ; to defend and be defended ; to 
make such bj^-laws, rules and regulations, not inconsistent 
with the law^s of this state or the United States, as may be 
deemed proper for the better government of said association ; 
and shall have all other powers necessary to fulfill the 
objects of this association. 

§ 2. The objects of said corporation shall be to establish objeeui. 
and maintain a library and reading room, to procure literary 
and sientific lectures, and otherwise promote the intellectual 
improvement of its members. 

§ 3. The officers of said corporation shall be a president, officsri. 
vice-president, secretary, treasurer and a board of five trus- 
tees, to be elected at the annual meeting of said association, 
to be held un the first Saturday of March, of each year. 
Said officers shall compose the executive committee. 



250 



LIBRARIES. 



Capital stock, § 4. For the purpose of advancing the objects of this 
association, the said executive committer are hereby author- 
ized, from time to time, as tbey n}ay think proper, to create 
a capital stock not to exceed in all, the sum of one hundred 
thousand dollars, divided into shares of iiftj dollars each, 
payable in such installments as said committee shall deem 
proper, and the same to dispose of, and the proceeds to 
collect for the use and benefit of said association ; and atter 
the payment of all expenses incurred in carrying out the 
objects of this association, in such manner as the executive 
committee may think proper, including the erection of 
buildings for the use of the association, then any overplus 
arising from the rents and profits of any real estate or 
buildings purchased or built with such capital stock, by the 
association, shall be divided, annually, pro rata^ amongst 
the stockholders of said association, according to the amount 
of stock held by them respectively. 

Fees and dues. § 5. Any persou may become a life member upon the 
payment of fifty dollars to the treasurer of this association ; 
and said life members shall not be liable to pay any annual 
or other dues; and all sums which may be received by the 
association for life memberships shall be conveyed and 
vested in a board of three trustees, vi^hose duty it shall be 
to invest the same, from time to time, in such manner as 
they may deem proper ; and the principal of said moneys 
shall be and remain inviolate, and the incomes and issues 
shall only be used by said association,' or be liable for the 
debts of said association : Provided^ nevertheles^s, that the 
executive committee may, in its discretion, use the proceeds 
of life memberships, specifically subscribed for that purpose, 
for the purchase or erection of suitable buildings for the 
use of the association. 

Membership. § 6. All pcrsous holding life membership certificates of 
the Ladies Library Association, aforesaid, on which all 
taxes due or fines shall have been paid on or before the first 
day of July, 1867, are hereby declared to be life members 
of this association : Provided, that said last mentioned life 
members shall pay such equitable dues as may be from time 
to time fixed by the by-laws of said association ; such dues 
not to exceed such dues as are paid by annual members of 
said association. 

Elections. § 7. All life members shall be entitled to vote in all 

meetings of said association: Provided^ih^tno person shall 
vote who is in arrears of fines or dues. 

§ 8. The executive committee shall have power to 
appoint a librarian and such other subordinate officers as 
they shall deem proper. 

indebtedaes?. § 9. This cjrporatiou shall have power for the purpose 
of carrying out the objects of this association, from time to 
time to borrow money and give notes, bonds or other 
securities therefor. 



LIBRARIES. 251 

§ 10. All property of whatever kind, belonging to the Property^ etc. 
Ladies Library Association, aforesaid, is hereby vested in '"^"®'*- 
and hereby becomes the property of the association hereby 
created ; and said last mentioned association is hereby 
authorized and may be sued for and recovered by this 
association. 

§ IL This act is hereby declared a public act, and shall 
take effect from its passage. 

Approved February 23, 1867. 



AN ACT to iucorporate the Rockford Library, of the City of Rockford. In force Feb'r 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That the 
stockholders of the .Rockford Library, of the City of Rock- 
ford, and all persons who shall hereafter become associated 
with them, are hereby constituted a body politic and corpo- 
rate, by the name of "The Rockford Library;" and, by Kame and style 
that name, shall have perpetual succession, with power to 
make, have and use a common seal, and the same to alter 
and renew at pleasure ; to contract and be contracted with, 
sue and be sued, implead and be impleaded, answer and be 
answered unto in all courts of competent jurisdiction ; and 
shall have all other powers and privileges necessary to ful- 
fill the objects of their incorporation. 

§ 2. The objects of said corporation shall be to establish objects. 
and maintain a reading room and library ; and to procure 
liteiary and scientific lectures, and to promote the intellec- 
tual improvement of its members. 

§ 3. The officers of said corporation shall be a president, officers, 
vice-president, corresponding secretary, recording secretary, 
treasurer and five trustees. 

§ 4. Said officers shall be chosen annually, by ballot, by officers cii^sen. 
the members of the corporation ; and the persons receiving 
a majority of the votes of the members present shall be 
declared elected, and shall hold their respective offices for one 
year or until their successors are appointed. The above 
named officers shall compose the executive committee, who 
shall have power to fix the salary of the librarian, and any Librarian. 
five of whom may call a special meeting of the association, 
first giving public notice of such meeting for at least one 
week, in some newspaper printed in the city of Rockford, 
and of the time, place and purpose of the same. A major- 
it}'- of said executive committee shall constitute a quorum 
for the transaction of business. 

§ 5. There shall be an annual meeting of the corpora- Meetings. 
tion on the first Saturday of April in each and every year, 



252 



LIBKAEIES, 



Bonds required 



Conititution ■ 
and by-laws. 



Capital stock. 



for the purpose of electing officers, hearing the report of 
the executive committee; and for the transaction of any 
other business. 

§ 6. Said corporation shall have power to define the 
duties of its officers, appoint such committees, and adopt 
such by-laws as may be necessary for its government, the 
management of its concerns and the fulfillment of its ob- 
jects ; and shall be competent, in law and equity, to take to 
itself, in its corporate name, real, personal or mixed prop- 
erty, by gift, grant, bargain, sale, conveyance, will, devise^ 
or bequest of any person or persons whomsoever, and the 
same estate to grant, bargain, sell, convey, devise, lease or 
place out at interest, or otherwise dispose of the same, for 
the use of said corporation, in such manner as shall seem 
most beneficial thereto ; Fromded^ however^ that any lot of 
ground and any building elected thereon, owned by said 
incorporation, shall never, in any case or for any purpose, 
by any act of said corporation, be subjected to any mort- 
gage, pledge, legal or equitable lien, bonded or other in- 
debtedness of said corporation. • 

§ 7. Said corporation may require bond and satisfactory 
security of its treasurer for the faithful performance of his 
duties. 

§ 8. The constitution and by-laws now adopted by said 
association shall continue in force until the next annual 
meeting after the passage of this act, of said association ; 
and all personal property and effects of whatever kind or 
description now held by said association, or by any person 
or persons in trust therefor, shall, by virtue of this act, vest 
in and become the property of the corporation hereby 
created. 

§ 9. The association hereby incorporated shall have 
power and authority, and are hereby authorized to purchase 
real estate or other property in the city of Rockfurd, not ex- 
ceeding in value the amount of the capital stock created, on 
such terms as m;iy be determined on by the executive com- 
mittee aforesaid, to create a capital stock as in this act provided 
fur the purpose of erecting necessary buildings for the perma- 
nent occupation of the association, and the production of an in- 
come from the rents thereof, for maintaining and replenish- 
ing a library and reading rooms, and the procurement of 
lecturers. 

§ 10. The capital stock of said corporation shall be 
twenty thousand dollars, divided into shares of twenty-five 
dollars each, with the privilege of increasing the same, if 
deemed necessary by the executive committee, to any amount 
not exceeding fifty thousand dollars : Provided, that shares 
of stock in the Rockford Library, as now recognized, not 
in arrears for the payment of any installment or install- 
ments, may be exchanged for shares of stock ia the corpora- 
tion hereby created. 



LIBRARIES. 25i 

§ 11. Elias Cosper, J. S. Grimes, Thomas D. Robertson, subscnpuou 
Ealph Emerson, E. H. Griggs, J. B. Lyman and II. P. ^°°^'- 
Holland, or any five of them, are hereby constituted a com- 
mittee to open books for the subscription of said stock; and 
the same shall be payable in such installments and at such 
times as shall be prescribed by a vote of the stockholders. 

12. Whenever fifteen thousand dollars of said capital orKaniiaUon. 
stock shall have been subscribed, a meeting of all the stock- 
holders and members of the association shall be called by 
' the said stock committee, at which meeting the time and 
manner of payment of stock subscriptions shall be deter- 
mined by a majority of the stockholders present ; and an 
election of oificers shall be held, who shall hold their oflices 
until the next ensuing annual election. And at such elec- 
tion, and at all elections thereafter held, each member of 
the association shall be entitled to one vote, and each stock- 
holder to one vote for each and every share of stock lie may 
hold, and a majority of all the votes cast shall be required 
to make an election, and stockholders may vote at such 
election by proxy: Provided, that no stockholder shall be 
entitled to vote at such elections who may be in arrears for 
his payment of the installment or installments due on his 
stock ; and no member of the association shall vote unless 
he has first paid up his regular annual or quarterly dues to 
the association : And provided further, that no person shall 
be entitled to vote at any such election who is in arrears 
for fines or assessments levied. 

§ 13. Persons not stockholders, may become members Membership. 
on payment of such annual or quarterly dues as may from 
time to time be fixed upon by the executive committee. 

§ 14. After payment for the real estate purchased, and indebtedness, 
the erection of a building thereon as herein contemplated, 
and all expenses of keeping up and replenishing the library 
and reading rooms, and procuring lecturers, then the over- 
plus arising from the rents, issues and profits of any such 
real estate or buildings, or otherwise, may be divided annu- 
ally, pro rata, among the stockholders, according to the 
amount of stock held by them respectively. 

§ 15. This act shall be a public act, and, as such, shall 
be received in all courts, and shall receive a construction 
favorable to the accomplishment of its objects. 

§ 16. This act to take eff'ect from and after its passage. 

Approyed Eebruary 22, 1867. 



254 



LIBRARIES. 



In force Feb'y AN ACT to incorporate the Ladies' Library Association of Greenville, 
23, 1867. Illinois. 



Corporators 



Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Almira 
A. Morse, Lucy B. Stewart, Sarah Sprague, Elizabeth W. 
Smith, Hannah Chittenden, Mary A. Shields, Priscilla W. 
Alexander, Emily M. Dewey, Sarah H. Walls and Caro- 
line R. Phelps, and their associates and successors, fore- 
me and style ver, are hereby declared and created a body corporate, 
by the name and style of "The Ladies' Library Associa- 
tion, of Greenville, Illinois;" and, by that name, shall 
have perpetnal succession ; shall be capable in law to 
contract and be contracted with, to sue and be sued, im- 
plead and be impleaded, within in all courts of competent 
jurisdiction; may receive, acquire and hold real and per- 
sonal property, suitable to the carrying out the objects of 
the association ; may have a common seal, and alter the 
same at pleasure ; may make such constitution, regulations 
and by-laws as may \)Q requisite for its government and 
for carrying out the objects of the association, not contrary 
to the constitution and laws of the United States, or of this 
state, and may alter the same at pleasure. 

§ 2. The constitution and by-laws of said association, 
now in operation, shall govern the corporation hereby crea- 
ted, until regularly altered or repealed, and the present of- 
ficers of said association shall be officers of the corporation 
hereby created until their respective terms of office shall 
regularly expire or be vacated, 

§ 3. This act shall be deemed a public act, and shall 
be in force from and after its passage. 

Approved February 23, 1867. 



Cou-^titution 
and by-laws. 



lu force Feb'y 
iy, 1807. 



Name. 



Capital stock. 



AN ACT to incorporate tlie Hycie Park Library Association. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That the 
persons who may become stockholders in the corporation 
hereby created and hereby made and constituted a body 

£olitic and corporate, by the name of "The Hyde Park 
library Association," with perpetual succession, and all the 
rights, privileges, powers and immunities, and subject to all 
the liabilities incident to a body politic and corporate. 

§ 2. The capital stock of said company shall be twenty-five 
thousand dollars. James P. Root, George W. Waite, Paul 
Cornell, C. M. Cady, James Wadsworth, C. B. ITelson and 
P. L. Sherman, are hereby appointed commissioners to 



LIBBAKIES. 255 

open books of subscription to the capital stock of said com- 
pany at such time and place as they shall determine. The 
shares of said stock shall be twenty-five dollars each, and shall 
be deemed personal property, and shall be transferable as 
such in the manner provided by the by-laws. When in 
the opinion of said commissioners a sufficient amount of organization, 
stock has been subscribed to put in operation said company, 
the said commissioners, or a majority of them, shall con- 
vene a meeting of such subscribers at such time and place 
as shall seem to such commissioners most convenient ; and 
thereupon the said stock subscribers shall proceed to the elec- 
tion uf five directors. When such directors are so elected 
the company shall be deemed fully organized and may pro- 
ceed to business, 

§ 3. The said directors shall hold their oflSces for one Directors. 
year and until their successors are chosen and qualified. 
They shall elect from their number a president, secretary, 
and treasurer, who shall perform such duties as shall be 
imposed upon them by the said board. And the said board officers, etc. 
shall have authority to make by-laws for the government of 
said company and rules and regulations for the manage- 
ment of their library and the use of the books. They luay 
determine the amount of installments of the capital stock and 
fix the time when the same shall be paid. And they may 
levy and collect such annual assessments on each share Assa-ssments, 
as in their opionion the interests to the company may de- 
mand The said board of directors may impose fines or Fines, etc. 
penalties for a violation of the by-laws or the rules of the 
association, or for failure to pay the installments or assess- 
ments, and may collect the same by an action of debt, in 
any court of competent jurisdiction, or may forfeit the 
shares of stock on which there remains due or unpaid, af- 
ter demand, any installment or annual assessment. There Elections. 
shall be an annual meeting ot the stockholders, for the elec- 
tion of directors, at such time and place as shall be fixed by 
the by-laws. 

§ 4. The said company are hereby authorized to acquire, Library. 
by purchase, gift or grant, a library, which shall be kept 
for the sole use of the stockholders and such other persons 
as the directors may deem proper to admit to the use of the ^ 

same, with all the necessary furniture and apparatus inci- 
dent to public libraries. The said company are hereby au- 
thorized to erect or purchase a building for library or lec- 
ture room, and for that purpose may own or occupy so niuch 
real estate as they may deem necessary, and may maintain Lectures, etc. 
a course of lectures in such building or use the same in such 
manner as they shall determine, and may sell or dispose of 
the same whenever it shall be for the interest of the asso- 
ciation. 

§ 5. This act shall be a public act, and be in force from 
and after its passage. 

Appkoted February 25, 1867. 



356 



LIBRARIES. 



In force Feb'y AN ACT to incorporate the Randolph County Library and Historical 



Corporators. 



Seal. 

Powers. 



Possession 
property. 



Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That S. P. 
Mace. J. C. Gillaland, Stewart Gorden, J. C. Campbell, C. 
Davis, N. G. Parsons and Henry S. Gorden, and their asso- 
ciates and successors, and such other persons as shall be- 
come members of said association, shall be a body politic 
Kame and style, and Corporate, by the name and style of "The Randolph 
Coimty Library and Historical Association ;" and shall have 
succession, a common seal, which they may renew and alter 
at pleasure, with power to sue and be sued, plead and be 
impleaded, may appoint all necessary agents and servants, 
and have and exercise all the powers and rights necessary 
to execute and carry out the objects of a library and histori- 
cal association. 

§ 2. The said association shall have power to acquire 
and hold personal property to any amount not exceeding 
twenty-five thousand dollars, and real estate for the use of 
said association for halls, reading and library rooms to any 
amount not exceeding ten thousand dollars. 

§ 3. The aifairs and business of said association shall be 
managed and controlled by a board of directors, of not less 
than seven in number, who shall be elected annually by 
the life members of said assoication : Provided, however, 
that a neglect or failure to elect such board at the time des- 
ignated in the by laws of said association shall in nowise 
affect the corporate existence, but the directors in office for 
the preceding year shall hold over until their successors are 
elected and qualified, as may be provided by the by-laws of 
said association. 

§ 4. The directors shall have power to make such by- 
laws not inconsistent with any law of this state or the Uni- 
ted States, or conflict with the provisions of this charter, as 
they may from time to time deem necessary for the gov- 
Admission fee. emmeut and regulation of the officers of said associa- 
tion, and may, by by-laws, fix the terms of admission into 
said association as life members, and also for yearly member- 
ship, as they deem tor the best interests of said association. 

§ 0. The persons named in the first section of this act 
shall be directors until the first day of January, a. d., 1868, 
and until their successors are duly elected and qualified, in 
manner hereafter to be provided by the by-laws of said as- 
sociation. 

§ 6. This act shall be in force and eff'ect from and after 
its passage. 

Approved February 28, 1867. 



By-laws. 



First dirtetorg. 



LITERARY AND SCIENTIFIC ASSOCIATIONS. 257 



AN ACT to incorporate the Young Ladies' Atlieneum, of Jacksonville. in force Feb'y 

25, 1867. 

"Whereas, it is represented to the general assembly that Preamble, 
the Young Ladies' Atheneura, of Jacksonville, is a school 
for girls, of a high order ; and whereas it has been in suc- 
cessful operation since September, 1865, with a constantly 
iiicreasing patronage, and has now some one hundred and 
twenty-five pupils and a corps of thirteen teachers, afford- 
ing the highest order of skilled instruction; and whereas 
its friends believe it to be an institution urgently demanded 
by those who desire for young women the highest order of 
culture ; therefore, to the end that it may be established on 
a firm and enduring basis, 

Section 1. Be it enacted hy the Feoj>le of the State of 
Illinois, represented in the General Assembly, 'Yi\i2X James Corporators. 
Burdan, M. P. Ayers, Ralph Reynolds, Henry E. Dum- 
mer, Joseph Morton, Isaac L. Morrison, Stephen Sutton, 
Septimus C. Stevenson, Julius F. Pratt. John Robertson, 
Samuel G. Weagley, Edward Lambert, Calvin "W. McLain, 
John G-oltra, J. W. King, James S. Anderson, Wm. G. 
Gallaher, O. D. Fitzsimmons and Wm. D. Sanders, are 
hereby constituted a body politic and corporate, with all the 
corporate powers necessary to carry out the objects of this 
act, under the name and style of "The Young Ladies' Name and style 
Atlieneum. And the object of this corporation is to main- 
tain, in Jacksonville, Illinois, a school for the education of 
girls in the various departments of literature, science and art. 

§ 2. The corporation hereby created shall have power Powers 
to sue and be sued in any and all courts of this state ; to 
have and use a common seal, and alter the same at pleasure; 
to take and hold real estate and personal property, by gift, 
grant, devise, rent, or purchase, and to manage, rent, lease, 
sell, convey or in any way use or dispose of the same as it 
shall seem proper for the promotion of the objects of said 
corporation. 

§ 3. The said corporation may appoint such officers and officers, 
establish such by-laws, not inconsistent with the laws of 
this state or of the United States, as they may deem best 
for the interests of the institution. 

§ 4. Th3 persons named in the first section of this act Trustees, 
shall constitute the first board of trustees, and shall meet 
for organization under this act within ninety days after its 
passage ; and they shall hold their oflices until their succes- 
sors are elected, in such manner and at such time as the by- 
laws shall prescribe. The number of trustees shall be regu- 
lated by the board, but shall never be less than seven nor 
more than twenty-one, and one-third shall constitue a quo- 
rum. 

§ 5. The institution shall never be perverted to the Pei-veraioE. 
exclusive uses or subjected to the exclusive control of any 
YoL 11—17 



258 LITERARY AND SCIENTIFIC A.SSOCIATIONS. 

party or sect, and, as a^pei-petnal guarantee against such 
perversion, it is hereby enacted that not more than three of 
its trustees shall be members of any one religious congre- 

Partizan tests, gatiou, and no sectarian or partizan test shall ever be held 
as a requisite for admission to any office or privilege of the 
institution. 

Literary honors § 6. The trustces may confer such literary honors, cer- 
tificates, testimonials, degrees and diplomas, as are conferred 
by any university, college or seminary of learning in the 
United States. 

Property ex- § 7. All property, of whatever kind or description. 
taxation. ^'°™ belonging to said Atheneum, or owned by said corporation, 
or held in trust by any person or persons for the use thereof, 
whether said property be held in fee or for a limited time^ 
shall be exempt from all state, county, township, municipal 
or other taxation. 

§ 8. This act shall be deemed a public act, and be in 
force from and after its passage. 
Approved February 25, 1867. 



In .force Fab'y AN" ACT to incorporate the Cliicaero Astronomical Society. 

19,1867. 

Preamble. WiiEREAs an association has been formed in the city of 

Name. Chicago, Called the Chicago Astronomical Society, the object 

Astronomical, of which IS to support an observatory, and diffuse astro- 

^^^' nomical knowledge ; now, in order to encourage the objects 

of said association. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented inthe General Assemhly, That J. Young 

Corporators. Scammon, Thomas Hoyne, William B. Ogden, W. H. WellSy 
James H! Woodworth, D. J. Ely, J. K. Pollard, Louis C. 
Jones, Ezra B. McCagg, John C. I3urroughs, A. H. Mixer^ 
Thomas B„ Bryan, and their associates and successors, for- 
ever, are hereby created a body politic and corporate, by 

style. the name of " The Chicago Astronomical Society ;" and, by 

that uame^ shall have perpetual succession ; shall be capa- 

Powers in ia\T. \y\Q \^ \^^ ^q g^g ^^^^ j^g sued, plead and be impleaded^ 
within all courts ©•f competent jurisdiction ; may receive,. 

Real estate. acquire and hold real and personal property and effects, and 

Seal- dispose of the same at pleasure ;, may have a common sealy 

and alter the same at their pleasure; may make such con- 

By-iaws. stltution, regulations and by-laws, as may be requisite for 

its government, and for carrying out the objects of the soci- 
ety, and may alter the same at their pleasure. 

Old organiza- § 2. The Constitution and by-laws of said society, now 
unui new^^one in Operation, shall govern the corporation hereby created, 
organized. ^j^j-j[ altered or repealed by the asso'ijiation ; and the present 



LITERARY AND SCIENTIFIC ASSOCIATIONS. 259 

oflScers of the executive or observatory board shall be the 
officers of said association, and their tenures of office, powers 
and duties shall continue the same as now prescribed, 
appointed by the constitution of said society, until otherwise 
regulated or changed by the directors of said observatory. 

§ 3. All the naoneys, property and effects of said society, Management .f 
except the land of the University of Chicago, upon which '*^*^''^- 
the observatory tower is erected, shall beheld and managed 
by the directors of said society ; and the management of all 
the affairs of said society, the management and observations 
of the observatory, the employment of a professor or pro- Professors, 
fessors of astronomy and their assistants, the raising of funds 
and disbursements thereof, and the support and maintenance 
of said observatory, shall be vested in the directors of said Directors, 
observatory, who shall constitute from their own number an 
executive or observatory board of said directors ; and the 
members of said observatory board shall hold their offices 
according to the tenure prescribed by the constitution and 
by-laws of said society ; and the said executive board shall 
appoint the president, vice president, the secretary, and officers. 
treasurer, of said board, who shall also act as the officers of 
said society ; and the said board shall transact, regulate and 
manage all matters pertaining to the said observatory, keep 
a full and complete record thereof, and make safe and proper rccoivj. 
investments of all moneys and funds subscribed or entrusted investment or 
to their care, so as to permanently support and endow the ^"°'^®' 
observatory. This society, being an institution formed and 
maintained solely for the advantage of the public, it and 
its property and estate, of every name and description, are Tax exemptien 
hereby declared to be exempt from all taxation under the 
authority of this state. 

§ 4. This act shall be a public act, and shall be in force 
from and after its passage. 

Approved February 19, 1867. 



Alf ACTto incorporate the Literary and Library Association of the Sity of In force Feb'y 
Centralia, Illinois. 9. 1867. 

Section 1. Be it enacted ly the People of the State of 
Illinois, represented in the General AssemMy, That the 
members of the Literary and Library Association of the 
City of Centralia, Illinois, and all persons who shall hereaf- 
ter becorne associated with them, are hereby constituted a 
body politic and corporate, by the name of "" The Literary Nam.. 
and Library Association of the City of Centralia, Illinois ;" 
and, by that name, shall have perpetual succession, with Power . 
power to make, have and use a common s,eal, and the same 



260 



LITEEAET AND SCIENTIFIC A.8SOCIATION8. 



Objects 



Annual meeting 



Duties and 
powers. 



CoHStitution 
and by-laws. 



Construction of 
act. 



Membership. 



to alter and renew at pleasure; to contract and be con- 
tracted with, sue and be sued, implead and be impleaded, 
answer and be answered unto, in all cdurts of competent 
jurisdiction ; and shall have all other powers and privileges 
necessary to fulfill the objects of their incorporation. 

§ 2. The objects of said corporation shall be to establish 
and maintain a reading room and library, and to procure 
literary and scientific lecturers, and to promote the intellec- 
tual improvement of its members. 

§3. ^ The officers of said corporation shall be a presi- 
dent, vice president, corresponding secretary, recording 
secretary, . treasurer, librarian, and six directors. They 
shall be chosen annually, by ballot, by the members of the 
corporation ; and the persons receiving a majority of the 
votes of the members present shall be declared elected, and 
shall hold their respective offices for one year or until their 
successors shall be appointed. The above oflacers shall 
compose the executive committee and board of directors. 

§ 4. There shall be an annual meeting of the corpora- 
tion on the third Tuesday of January, in each and every 
year, for the purpose of electing officers, and transacting all 
other business that may come before the meeting. 

§ 5. Said corporation shall have the power to define the 
duties of its oflScers, appoint such committees, and adopt 
such by-laws as may be necessary for its government, the 
management of its concerns, and the fulfillment of its ob- 
jects y and shall be competent, in law and equity, to take to 
itself, in its corporate name, real, personal or mixed prop- 
erty, by gift, grant, bargain and sale, conveyance, will, de- 
vise or bequest, of any person or persons whomsoever, and 
the same estate to grant, bargain, sell, convey, demise, let, 
or place out at any interest, or otherwise dispose of the 
same, for the use of said corporation, in such manner as 
shall seem most beneficial thereto. 

§ 6. Said corporation may require bond and satisfactory 
security of its treasurer for the faithful performance of his 
duties as such officer. 

§ 7. The constitution and by-laws now adopted by said 
association shall continue in force until altered or amended, 
as therein provided for, and all personal property and ef- 
fects, of whatever kind or description, now held by said as- 
sociation or that may hereafter be lawfully acquired by this 
association, shall, by virtue of this act, vest in and become 
the property of the corporation hereby created, and may be 
sued for and recovered in the name of this corporation. 

§ 8. This act shall be a public act, and, as such, shall 
be received in all courts, and receive a construction favora- 
ble to the accomplishment of its objects. 

§ 9. Any person of good moral character may become 
a member, on the payment of such dues as may be fixed 



LITERARY AND SCIENTIFIC ASSOCIATIONS. 261 

upon by the board of directors, from time to time, and by 
signing the constitution and by-laws of this association. 

§ lO! This act shall take effect from and after its passage. 

Appkoved February 9, 1867. 



AX ACT to amend an act entitled "An act to incorporate the Chicago In force Jan'y 
Historical Society," approved February 1, ISST. ^^' •^^^^* 

Section 1. £e it enacted hy the People of the State of 
Illinois, represented m the General Assembly, That section see 5 amended 
five (5), of the act to which this is an amendment, be so 
amended that said society shall have power to increase the 
number of its resident members, from time to time, to any 
number that shall be by it deemed expedient. 

§ 2. The said society*shall have power to borrow money Borrow money. 
and mortgage its real estate to secure the same to an amount 
not exceeding twenty thousand dollars, to be used in com- 
pleting and paying for the buildings now in process of erec- 
tion on the real estate of said society. And the real estate 
and property of said society shall be exempt from taxation. 

§ 3. This act shall take effect and be in force from and 
after its passage. 

Approved January 30, 1867. 



AN ACT to consolidate certain townships in Rock Island county, for school in force April 1, 
purposes. •'■^'''• 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That town- consolidated 
ship number sixteen north, range five west of the fourth *°^'^* '^°' 
principal meridian, and fractional township sixteen north, 
range six west of the said meridian, and fractional township 
seventeen north, range five west of said meridian, and frac- 
tional township seventeen north, range six west of said 
meridian, all being situate in the county of Rock Island, 
and state of Illinois, be and the same are hereby consoli- 
dated and hereafter shall constitute one townsliip for school 
purposes, which shall be known by the name of " Drury Name.; 
township ;" and said township, so constituted as aforesaid, 
shall succeed to all the rights, credits, liabilities and prop- 
erty of said several townships ; and the school ofiicers now officers. 
acting for township sixteen north, range five west, above 
mentioned, are hereby constituted and appointed officers 



262 



LITERARY AND SCIENTIFIC ASSOCIATIONS. 



for said consolidated townships ; and they shall hold t'heir 
respective offices till their successors are elected and quali- 
fied, as provided by law. 

Approved January 30, 1867. 



In force 
13,11 



Feb'y 



AN ACT to incoriDorate the Highland Gymnastic Society. 



Corporators. 



Constitution i 
and by-lawB. 



Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly^ That Louis 
Appel, Adolphus Suppiger, Jacob Weber, Theodore Rueg- 
ger, Charles Basshard, Selmar Padst, Gustavus Beek and 
John Blattner, officers of the Highland Gymnastic Society, 
and their successors and other present members of said 
society, and such other persons a^ may hereafter be admit- 
ted members of said society, be and hereby are incorporated 
and made a body politic, with perpetual succession, under 
Name and style, the name and style of "The Highland Gymnastic Society," 
for the promotion of health, mental and moral improve- 
ment, and mutual assistance in cases of distress or disease, 
with power, by their corporate name, to sue and be sued, 
plead and be impleaded, to contract and be contracted with, 
to acquire, hold and convey property, real and personal, 
and to have, use and alter at pleasure a common seal, 

§ 2. The said corporation shall have power to make, es- 
tablish and amend a constititution and such by-laws, not 
inconsistent with the constution of the United States and 
of this state, as they may deem necessary for the govern- 
ment of said society, its officers and agents. 

§ 3, The capital stock of said society shall not exceed 
ten thousand dollars, to be divided into shares of two dol- 
lars and fifty cents each, to be subscribed for and paid in 
such proportions as shall be prescribed by the by-laws and 
rules for regulating said society. 

§ 4. The office and the meeting of the society shall be 
kept and held in the town of Highland, county of Madison ; 
and at all elections each member, who is not in arrears 
with his dues to the society, shall be entitled to vote, aud 
a majority of all votes cast shall make an election. 

§ 6. The members of the society shall be liable to pay 
such amount of mone}', at such time and place as may be 
fixed by the constitution or by the by-laws of the society, 
or their membership may be declared forfeited, at the plea- 
sure of the society. 

§ 6. The society shall not be dissolved and put in liqui- 
dation as long as five members thereof dissent and wish 
the continuance of the society. 



Payments. 



ssolution and 
3|uidation. 



LITERARY AND SCIENTIFIC ASSOCIATIONS. 263 

§ 7. This act shall be a public act, and be in force from 
and after its passage. 

Approved February 13, 1867. 



AN ACT to incorporate the Alpha Zeta Society of Shurtleff College. in force April 

20, 1867. 

Section 1. Be it eiiacted hy the People of the State of 
Illinois, represented in the General Assembly, That Samuel corporators, 
O. Curtiss, Henry L. Field, Solomon Draper, Frederic Hill, 
Linn Bedell, Thomas J. Keith, and John M- Titterington, 
and their successors, be and the same are hereby created a 
body politic and corporate, to be styled and known by 
the name of " The Trustees of the Alpha Zeta Society of style. 
Shurtleff College;" and, by that style and name, to remain 
and to have perpetual succession. The said corporation 
shall remain connected with Shurtleff college, in Upper to be connected' 
Alton, and county of Madison, and shall, at all times, be ^oiTegS^"'*^^^ 
subject to the rules and regulations of said college. The 
number of trustees shall not exceed nine, exclusive of the 
president and corresponding secretary, who shall, ex officio, Trustees. 
be members of the board of trustees. Five members of 
the board shall constitute a quorum to do business. For 
the present, the above named individuals shall constitute 
the board. Yacancies may at any time be tilled by the vacancies, 
society from its active members. All elections of trustees 
shall be by ballot. In case any trustee shall be elected Elections- 
president or corresponding secretary, the vacancy or vacan- 'vacancies 
cies so occasioned may be tilled, for the time, by other 
members of the society, duly elected for that purpose. 

§ 2. The object of this corporation sliall be the promo- objects and 
tion of the interests of education, by advancing and impro- pu'^poses. 
ving the members of said Alpha Zeta Society in original 
composition, extemporaneous speaking, debate, criticism, 
parliamentary business, and whatever else is usually con- 
templated in the best literary societies — thus preparing its 
members to discharge honorably and usefully the various 
duties of life which may devolve upon them. 

§ 3. The corporate powers hereby bestowed shall be Powers, etc., 
such only as are essential or useful in the attainment of the 
objects of said society, and such as are usually conferred on 
similar corporate bodies, viz : to have perpetual succession, 
to make contracts, to sue and be sued, defend and be 
defended, implead and be impleaded in courts of law and 
equity ; to grant and receive, by its corporate name, and 
to do all other acts as natural persons may; to accept, 
acquire, purchase or sell property or money, belonging to 
said society, as the society may from time to time direct; 



264: LITEKART AND SCIENTIFIC ASSOCIATIONS. 

Seal and bylaws to have a common seal, and to alter or change the same; 
and to make such by-laws for its regulation as are not 
inconsistent with the constitution and laws of the United 
States, or of this state, or of the institution with which this 
society is connected. 

Property. § ^- ^^^ actiou of the Said trustees shall, at all times, 

be subject to the control of the society ; and no sales, pur- 
chases or exchanges of property, in its behalf, shall occur 
without the consent of the society. The trustees may elect 

chairma their owu chairman, and through him or any of their num- 

ber, shall, whenever required, report their proceedings to 
the society. At the close of each college term, they shall, 
through their chairman or some other member designated 

Re ort ■^^^^ *'^^^ purpose, prcscut to the society a full written report 

epor s. ^^ ^j^ their proceedings during the term. 

Donations, etc, § 5. In case any donation, devise or bequest shall be 
made to the society, for particular purposes, accordant with 
the objects of the society, and the trustees shall accept the 
same, every such donation, devise, or bequest shall be 
applied in conformity with the express conditions of the 
donor or devisor. 

Appkoved February 20, 1867. 



In foice Feb'y AN ACT to incorporate the German Roman Catholic Benevolent Associa- 
21, 1867. tion of Aurora. 

Section 1. Be it enacted hy the People of the State of 
Illinois,, represented in the General Assembly, That John 
Nicholas Kodner, Joseph Stumm, Mathias Franzen, Carl 
Name. Neunians, and the other members of the German Roman 

Catholic Benevolent Association of Aurora, now existing 
in the town of Aurora, county of Kane, state of Illinois, 
and such other persons as may hereafter be admitted mem- 
bers of said association, according to the rules and regula- 
tions thereof, be and they are hereby declared and constitu- 
ted a body politic and corporate, under the name and style 
of "The German Eoman Catholic Benevolent Association 
of Aurora" ; and, as such association, and, by its corporate 
name aforesai'i, shall have power to sue and be sued, plead 
and be impleaded, prosecute and defend, in all actions at 
law or in equity, and in all courts whatsoever. And, also, 
in and by said name, to acquire, purchase, hold and convey 
any property, whether real or personal; to have a common 
seal, and alter the same at pleasure; to make, alter and 
change a constitution and by-laws for said association, for 
the good order and government of the same : Provided, 



Rights and pri 



LITERAKT AND SCIENTIFIC ASSOCIATIONS. 265 

such constitution and by-laws do not conflict with the con- 
stitution and laws of this state or of the United States. 

§ 2, Said corporation shall not, at any time, hold real Hold property, 
estate and personal property to a greater amount than one 
hundred thousand dollars; and no property owned by said 
corporation shall be sold, conveyed or encumbered by the 
ofiicers thereof, without the consent of the said corporation, 
as provided by the constitution and by-laws thereof. 

§ 3. The object of this corporation is hereby declared object, 
to be the mutual, moral and financial improvement of its 
members ; also, to relieve distressed and disabled members 
of said association, their families, widows and orphans, and 
other person or persons in need or distress ; also, to bury 
the dead and to do all other benevolent acts, to relieve 
suffering and want. , 

§ 4. The officers of said corporation shall consist of one officers, 
president, one vice president, one secretary, one assistant 
secretary, one treasurer. In addition to said officers, there 
shall be elected appropriate committees, whose duty shall 
be prescribed by by-laws. 

§ 5. Any member of said association may be expelled Expulsion, 
from said association for any misconduct, by a vote of two- 
thirds of the members thereof voting for such expulsion, 
upon charges and specifications duly filed and presented, as 
shall be required by the constitution and by-laws of said 
association. 

§ 6. At least ten members shall he present to constitute Quorum. 
a quorum for the transaction of business, at the meeting of 
the members of said association. 

§ 7. Said association shall pass all necessary by-laws, By-iaws,ete. 
for the government of the officers of said corporation, the 
members thereof, and the good government of said associa- 
tion, and the purposes and designs of this act of incorpora- 
tion; also, for the election of its officers and the proper 
committees. » 

§ 8. This act shall be a public act, and be in force from 
and after its passage. 

Approved February 21, 186T. 



AN ACT to incorporate the German Christian Aid Society of Chicago. In force Apnl 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That Christian corporators. 
A. Loeber, John Kau, Samuel Wuest, Henry Walpers, 
August Sezuck, John Symoold, Frederic Metz, and John 
Wetzler, their associates and successors, be and the same 
are hereby constituted a body corporate and politic, by the 



266 LITERARY AND SCIENTIFIC ASSOCIATIONS. 

Name. name of "The German Christian Aid Society of Chicago;" 

and by such name shall have perpetual succession, with 
power to contract and be contracted with, sue and be sued, 
implead and be impleaded, defend and be defended, in all 
and any courts of law or equity ; to take by gifts, grants, 
devise or otherwise, property, personal, real or mixed, and 
the same use, lease, mortgage, sell or convey, for the pro- 
motion of the objects of this incorporation. 

Objeot. g 2. The object of this incorporation shall be to provide 

for sick members, the widows and orphans of deceased 
members, and their burial, the intellectual and spiritual 
welfare of its members, in such manner and to such extent, 
as by the by-laws of said incorporation may be provided. 

Seal and powers § 3. Said incorporation may adopt a seal, and the same 
from time to time alter and change : and, from time to time, 
may make, alter, amend or abolish such by-laws, for the 
management of its affairs and property, and the admission, 
government and expulsion of members as may seem 
expedient ; and may use and exercise all such further pow- 
ers as may be deemed necessary for the promotion of the 
objects aforesaid. 

Officers. § 4. The officers of said incorporation shall be a presi- 

dent, vice-president, recording secretary, financial secretary, 
treasurer, and such other officers as the by-laws may 
provide, who shall be elected annually by the members of 
said corporation. Nine members shall constitute a qua- 
rum for the transaction of business. 

Meeting. § 5. The auuual meeting ol said incorporation shall be 

held on the first Tuesday of April, in each year. The cor- 
poration above named shall hold their office until the first 
Tuesday of April, a. d., 1867, and until their successors 
shall have been elected, who, and their successors, shall 
hold their office for one year. 

Elections. § 6. A failure to elect corporators at any election shall 

not work a dissolution of this corporation, but the corpo- 
rators previously elected shall hold their offices until their 
successors shall be elected. 

§ 7. This act shall be and is declared to be, a public 
act. 

Approved February 21, 1867. 



In force FeVy AN ACT to legalize the acts of the First Congregational Society of Joliet, 
-^> ^^^''- and for other purposes. 

Section 1. Be it enacted by the People of the State of 

Illinois, represented in the General Assembly, That the First 

Name. Congregational Society of Joliet, in Will county, shall not 

be deemed to have waived or torfeited any of its rights, 



LITERAKT AND SCIENTIFIC ASSOCIATIONS. 267 

privileges, powers or frandiises, bv reason of a failure to Rights not 
file for record in the recorder's office of said county, any *^'^^^- 
certificate or certificates of the election of trustees of said 
society, heretofore elected by said society ; but said society 
shall have and retain all such rights, privileges, powers and 
franchises, in the same manner as though such certificates 
had been regularly filed for record in said office ; and the 
persons now acting as the trustees of said society under 
elections heretofore had, shall be considered to be the legal Trustees. 
trustees of said society and until their successors are elected, 

§ 2. That the First Congregational Church of Joliet, chanjre consti- 
with which said society worships, shall have the power to 
change its constitution and polity to that of a Presbyterian 
church, at a regular meeting, called for that purpose, and 
to assume a new name, adapted to such change of polity, 
at such, a meeting : Provided^ that the time, place and 
object of such meeting shall be announced from the pulpit 
of said church on two successive Sabbaths next prior to the 
time of holding such meeting. 

§ 3. That in the event that the said church shall change change name, 
its polity, as provided for in section two of this act, then 
the said society shall have full power to change its name 
and assume a new name, correspondino; to the new name 
thus assumed by said church, at a meeting thereof, called 
in the manner now provided for by its constitution ; and 
the trustees and officers of said society, at the time of such 
change of name, shall continue to be the trustees and offi- 
cers of said society, under its thus newly assumed name, 
for the time and term for which they were respectively 
elected ; and said society, under its changed and newly 
assumed name, shall, in ail respects and for all purposes 
whatever, be the successor of the First Congregational Succession. 
society of Joliet, and all the rights, privileges, powers, 
franchises and estate of the said First Congregational 
Society of Joliet shall enure to and be vested in the said 
society, under its changed and newly assumed name, to the 
same extent and as fully, completely and exclusively as the 
same are now vested in and held by the said society first 
above herein named ; and all of the contracts, liabilities Contracts, etc. 
and obligations, of whatever kind, existing at the time of 
such change of name by said society shall have the same 
force, effect and obligation with and upon the said society 
under its changed and newly assumed name that they had 
with and upon said society when made and entered into. 

§ 4. This act to be in force from and after its passage. 

Approved February 21, 1867. 



268 



LITERARY AND SCIENTIFIC ASSOCIATIONS. 



In force Febru- AN ACT to incorporate the Ernes Lodge, No. 67, Independent Order of 
ary 21, 1S6T. gj^g^j gj.j^l^ ^f gpringfield, Sangamon County, Illinois. 

Section 1. Be it enacted ly the People of the State of 
Illinois^ represented in the General Assembly^ That Morris 

Corporators. Mjers, Saiiiuel Rosenwald, and Silas Leon, and their asso- 
ciates and successors, be and are hereby created a body 
ame. Corporate and politic, to be styled "The Ernes Lodge, 

1^0. 67, Independent Order of Bnai Brith," to be situated 
in Springfield, Sangamon county, Illinois ; and, by that 
name, shall have perpetual succession, with power to sue 

Powers. and be sued, plead and be impleaded, prosecate and defend, 

in all actions of law and equity, in all courts of competent 
jurisdiction ; and be capable in law of taking and holding, 
by purchase, grant, gift, devise, and otherwise, real and per- 
sonal property, for the use of said society ; and said society, 
in their said name and style, and for the use thereof, shall 
have the power to sell and convey the real and personal 

Seal, estate of said society ; to have and use a common seal, and 

to alter the same at pleasure ; to make, and, from time to 
time, to alter, as they may think proper, such rules and 
regulations for the government of said society as to them 
may seem expedient, not inconsistent with the constitution 
and laws of this state and of the United States, 

Witness. § 2- That in all suits of law or equity brought against 

said corporation, or in any suit brought by said corporation 
against any of its members, or against any other person or 
persons, any member of this corporation shall be admitted 
as a competent witness. 

Purposes. § ^- ^hc objccts and purposes of said corporation shall 

be to afford aid and relief to the widows and orphans of 
its deceased members. 

§ 4. This act shall take effect from and after its passage. 
Approved February 21, 1867. 



In force Feb'y 
21, 1S67. 



Corporators. 



AN ACT to incorporate the Sterling Literary Association. 

Whereas, an association has heretofore been formed in 
the city of Sterling, Illinois, called "The Sterling Literary 
Association," the object of which is the establishment of a 
library and reading room, and for other literary and scien- 
tific purposes : Now, therefore, in order to promote and 
encourage the above declared objects of the said association. 

Section 1. Beit enacted 'by the People of the State of 
Illinois, represented in the General Assembly, That John 
J. Eussell, J. M. Wallace, A. W. Golder, J. M. Patterson, 



LITERARY AND SCIENTIFIC ASSOCIATIONS. 269 

F. Yandervort, C. R. Powell, Frank Patterson, C. G. Glenn, 
R. W. Smith, David Rummell, Edward R. Earl and John 
F. Mills, their associates and successors, are hereby consti- 
tuted a body politic and corporate, under the name of "The Name and style 
Sterling Literary Association;" and, by that name, they 
and their successors shall and may have succession ; shall 
be capable of suing and being sued, contracting and being 
contracted with ; may have and use a common seal, and 
alter the same at their pleasure, and may take, receive, ac- 
quire, purchase, hold, encumber and convey such real and Rights andpri- 
personal property as may be necessary for the purposes of "^'^^^s^^- 
said corporation, and may make and establish such constitu- 
tion, regulations and by-laws as may be requisite for its 
government and for carrying out the objects of the associa- 
tion, and not contrary to the laws of the state or of the 
United States, and may alter the same at their pleasure. 

§ 2. The constitution and by-laws of said association, constitution 
now in operation, shall govern the corporation hereby ere- ^""^ by-iaws. 
ated until regularly altered or repealed by the association ; 
and the present officers of said association shall be officers 
of the corporation hereby created until their respective 
terms of office shall expire or be vacated. 

§ 3. This act shall be a public act, and shall be in force 
from and after its passage. 

Approved February 21, 1867. 



AN ACT to amend an act entitled "An act to incorporate the Yonug Men's In force Feb'y 
Christian Association, of Chicago." 21, 1867. 

Section 1. £e it enacted hy the People of the State 
of Illinois, rejpresented in the General AssemUy, That, see. s of prior 
section three of an act entitled " An act to incorporate the ^"^ amended. 
Young Men's Christian Association of Chicago," approved 
February 22nd, 1861, be and the same is hereby repealed ; 
and that section two of said act be and the same is hereby 
amended so as to read as follows : " This association may 
purchase, hold, enjoy and convey those certain lots and Powers, etc. 
premises situated in the city of Chicago, in this state, known 
and described as follows, to-wit : the east seventy-five feet 
of lot two (2) and the west half of lot three (3), in block 
one hundred and eighteen (118), in the school section addi- 
tion to Chicago, being one hundred and twenty feet front 
by one hundred and eighty-nine feet deep, which shall be 
forever exempt from taxation, either by state, county, mu- 
nicipal or any other authority or organization, except as 
hereinafter provided ; and this association shall also have 
power to purchase, hold, enjoy and convey other real estate, 



270 



LITEKARY .AND SCIENTIFIC ASSOCIATIONS. 



for the purpose of establishing and maintaining free libra- 
ries and reading rooms, and for benevolent and religious 
purposes ; and the same, while it shall be held or owned by 
or tor said association for its own use, together with all per- 
sonal property held or owned by or for said association, 
shall be in like manner exempt from taxation, except as 
hereinafter provided. 

Hold property. § 2. That Said association may receive and hold personal 
property, by gift, devise or purchase, and dispose of the 
same by gitt, Tease, sale, or otherwise ; may have and use 
a common seal, and alter the same at pleasure ; and may 
make such rules, regulations and by-laws and change the 
same, as may be necessary and proper for the control and 
management of its business and affairs. 

Trustees. § 3. T. M. Avery, E. W. Blatchford, J. V. Farwell, 

William L. Lee, H.' E. Sargent, A. II. Scranton, E. B. 
McCagg, Cyrus H, McCormick, H. A. Hurlbut, George 
Armour, E. D. L. Sweet, B. F. Jacobs, and their successors, 
are hereby constituted the board of trustees of the Young 
Men's Christian Association of Chicago, and shall hold their 
office during life, except that in case of removal from the 
city, loss of standing in the denomination to which he may 
belong, or by a vote of two-thirds of the whole number of 
trustees, the place of any member in the board shall be va- 

Powers, etc. caut. Said board shall, from time to time, elect from among 
their number, a president, secretary and treasurer, and a. 
majority of said board shall constitute a quorum for the 
transaction of business, except when otherwise provided in 
this act ; and they shall have power, by and with the ap- 
proval of the board of managers of said association, to fill 
all vacancies in their said board : Provided., that all such 
vacancies shall be filled by the election of persons from the 
same religious denomination from which the member of 
said board was elected, whose place is to be supplied. 

Real estate. § ^- The title to all real estate now or hereafter to be 

owned by said association, and all the interest in real estate, 
shall be vested in and controlled by said board of trustees ; 
and such board shall have exclusive charge and control, 
leasing of said real estate, and of the moneys of said asso- 
ciation used in the purchase and improvement of real estate 
or derived therefrom, and the expenditures thereof, but not 
of the other moneys of said association. 

stock- § 5. It shall and may be lawful for said board of trus- 

tees to issue and sell certificates of stock, for and in the 
name of said association, not exceeding an amount out- 
standing at any one time the sum of three hundred thousand 
dollars, and bearing interest at not exceeding the late of six 
per centum per annum ; which certificates shall be signed 
by the president and attested by the secretary of said board 
of trustees, and shall have affixed thereto the corporate seal 
of said association, and shall be exempt from all taxation ; 



LITERARY AND SCIENTIFIC ASSOCIATIONS. • 271 

and neither the purchaser or owner of said certificates shall 
be liable for the debts of said association : Provided^ said 
association or said board of trustees may at any time pay, 
take up and cancel all or any part of said certificates, at 
not exceeding the par value thereof, and interest thereon 
shall cease from and after the day whereon notice shall be 
given to the holder or owner of said certificates that said 
association is ready to pay the same or within ten days from 
the date of a notice printed in one of the daily newspapers 
printed in said Chicago that said association is ready to pay 
the same. 

§ 6. Eeal estate held by said board of trustees for said ^^^^"laiare ^^ 
association, may be sold only by the unanimous vote of said 
board of trustees, or by the vote of a majority of said trus- 
tees approved by a vote of at least two-thirds of all the 
members of said association, then in regular standing, and 
conveyances therefor shall be executed in the same manner 
as above provided for the execution of certificates of stock. 

§ 7. Said board of trustees may make and execute such Duties of iius 
rules, by-laws and regulations as may be necessary and *^®^- 
proper for the management of the property and affairs en- 
trusted to them, and not inconsistent herewith; may borrow 
money for the improvement of real estate held by them, 
and execute securities for the same on the property improv- 
ed, which shall be exempt from taxation, in like manner as 
the certificates of stock, except as hereinafter provided. 

§ 8. In case the income of said association exceeds the income, 
expenses and disbursements necessary to carry out the ob- 
ject of said association, the exemptions from taxation shall 
not apply to any such excess. 

This act shall take effect from and after its passage. 

Approved February 21, 1867. 



AN ACT to incorporate the Young Men's Christian Agaociation of Bloom- In force FeVy 
ington. 25, 1867. 

Whereas an association has heretofore been formed in preami* e 
the city of Bloomington, Illinois, called the Young Men's 
Christian Association of Bloomington, the object of which 
is improvement of the spiritual, intellectual and social con- 
dition of young men ; therefore. 

Section 1. Be it enacted hy the People qf the State of 
Illinois, represented in the General Assembly, That Geo. corporator*. 
W. Hordacre, J. Krum, O. Rugg, C. S. Willson, A. Shaw, 
C. D. Swett, F. Evans, F. Weber, J. P. Ellicott, G. H. 
Fuller, H. G. Reeves, W. W. Anderson, J. W. Corapton, 



272 



Name and style. 



Constitution 
and by-laws. 



LITERAKT AND SCIENTIFIC ASSOCIATIONS. 

J. C. Scovel, E. Carpenter, J. W. Ward, Brice Shuffield, 
and their associates and successors, forever, are hereby de- 
clared and created a body corporate, by the name and style 
of "The Toung Men's Christian Association of Blooming- 
ton|;" and, by that name, shall have perpetual succession, 
shall be capable in law to contract and be contracted with, 
sue and be sued, implead and be impleaded with, in all 
courts of competent jurisdiction; may receive, acquire and 
hold real and personal property and effects suitable to the 
carrying out of the objects of this association ; may have a 
common seal and alter the same at pleasure ; may make 
such constitution, regulations and by-laws as may be re- 
quisite for its government and for carrying out Ihe objects 
of the association, and not contrary to the constit ution of 
the United States or of this state, and may alter the same 
at pleasure. 

§ 2. The constitution and by-laws of said association, 
now in operation, shall govern the corporation hereby crea- 
ted until regularly altered or repealed by the association ; 
and the present officers of said association shall be officers 
of the corporation hereby created until their respective 
terras of office shall regularly expire or be vacated. 

§ 3. This act shall take effect and be in force from and 
after its passage, and shall be deemed a public act. 

Approved February 25, 1867. 



In force FeVy 
28, 1867. 



AN ACT to incorporate the Evanston Philosophical Association. 



Preamble. WiiEREAS an association has heretofore been formed in 

the town of Evanston, called "The Evanston Philosophical 
Association ;" the object of which is the increase and diffu- 
sion of scientific knowledge, by a museum, a library, by the 
reading and publication of original papers and by such other 
suitable methods as shall from time to time be adopted ; 
. now, therefore, in order to encourage and promote the above 
declared objects of the said association. 

Section 1. Be it enacted hy the People of the State of 
Illinois, representedin the General Assembly, That Henry 

Corporators. Banuister, Henry S. Noyes, Francis Broaley, W. J. Leon- 
ard, Daniel P. Kidder, Daniel Bonbright, Oliver Marcy, 
Louis Kistler, Leo. P. Haraline, Lucius H. Bugbee, L. IT. 
Boutell, R. S. Greene, J. H. Kedzie, H. B, Hurd, F. D. 
Hanenway, James B. Duncan, P. B. Shumway, M. Ray- 
mond, Edward Eggleston, J. Gier and J. W. Buckmaster, 
and their associates and successors, forever, are hereby de- 

Kame aud style clared and created a body corporate, by the name and style 
of "The Evanston Philosophical Association ;" and, by that 



LITERARY AND SCIENTIFIC ASSOCIATIONS. 2T3 

name, sliall have perpetual succession, shall be capable in 
law to contract and be contracted with, sue and be sued, 
implead and be impleaded, within all courts of competent 
jurisdiction; may receive, acquire and hold real and per- 
sonal property and effects, and may sell and dispose of the 
same at pleasure ; may make such constitution, regulations 
and by-laws as may be requisite tor its government and for 
carrying out the objects of the association, and not con- 
trary to the laws of the land, and may alter the same at 
their pleasure. 

§ 2. The constitution and by-laws of said association, constuutionand 
now in operation, shall govern the corporation hereby crea- ''y-^aws, 
ted until regularly altered or repealed by the association ; 
and the present otHcers of said association shall be ofticers 
of the corporation hereby created until their regular terms 
of office shall expire or be vacated. 

§ 3. All the money, property and effects of said Evans- vested prop- 
ton Philosophical Association, shall be held and managed "*^" 
by and the title thereto be vested in the board of trustees 
from time to time being of said association ; and all con- 
tracts and conveyances of said association, to be binding, 
shall be executed by the president and secretary of the 
board of trustees. 

§ 4. This act shall be a public act, and shall be in force 
from and after its passage. 

Approved, February 28, 1867. 



AN ACT to iucorporate the Wriglitoniaa Saciety. In force Feb'y 

28, 1867. 

Section 1. Be it enacted hy the Peoxjle of the State of 
Illinois, rejyresented in the General AssemUy, That the lit- 
erary society of the Illinois State Normal Universit}^, known 
as the Wrightonian Society, and whose object, as stated in 
the constitution of said society, is the mutual improvement 
of its members in elocution, composition and debate, is 
hereby created a body corporate, and, by its present name, 
to-wit : "Wrightonian Society," its present members, and Name, 
their successors, shall have perpetual succession; shall be ca- Powers, 
pable in law to contract and be contracted with, sue and be 
sued, implead and be impleaded, within all courts of compe- 
tent jurisdiction ; may receive, acquire and hold real and 
personal property and eff'ects, and may sell and dispose of 
the same at pleasure; may have a comsnon seal, and alter the 
same at pleasure ; may make such constitution, regulations 
and by-laws as may be requisite for its government and for 
carrying out the objects of the society, and not contrary to 
the laws of the land, and may alter the same at pleasure. 
Yol. 11—18 



274: LITERAKY AND SCIENTIFIC ASSOCIATIONS. 

Constitution § 2. The constitution and by-laws of said society, now 
and by-laws. ^^ operation, shall govern the corporation hereby created 
until regularly altered or repealed by the society ; and the 
present officers of said society shall be officers of the cor- 
poration hereby created until their respective terms of of- 
fice shall regularly expire or be vacated. 
Deeds, etc. § 3. All dccds and instruments of conveyance, of every 

kind intended to convey or transfer any real estate or per- 
sonal property of said society shall be executed by the presi- 
dent and secretary for the society. 

§ 4. This act shall be a public act, and be in force 
from and after its passage. 

Approved February 28, 1867. 



In force Feb'y AN ACT to incorporate the Philadelphian Society of the Illinois State Nor- 
28. 1867. n-^al University. 

Section 1. £e it enacted hy the Peojyle of the State of 
Illinois^ represented in the General Assembly, That the 
present members of Philadelphian Society of the State Nor- 
mal University and such other persons as may hereafter 
become members of said societ}^ according to the constitu- 
tion, rules and regulations thereof, be and hereby are, cre- 
ated a body politic and corporate, in the town of Normal, 

Name and style couuty of McLean, uudcr the name and style of "The Phil- 
adelphian Society of the State Normal tFniversity;" and, 
by that name, shall have perpetual succession, and shall 
ha%^e power to contract and be contracted with, to sue and 
be sued, to plead and be impleaded, and to do and per- 
form all such acts and things as are or may become neces- 
sary for the furtherance of the purposes of said corporation, 
as iully and completely as a natural person might or could 
do, and also to adopt a common seal, and to alter and change, 
the same at pleasure. 

objeets. § 2. The body hereby incorporated is and shall be a 

literary society, having for its aim the mental and social im- 
provement of its members. 

Further aims. § 3, To further the aim of their incorporation, this body 

may adopt a constitution, by-laws and regulations, not repug- 

■ nant to the constitution or laws of this state or of the tJnl- 

ted States, in such manner as shall from time to time seem 

to them necessary. 

§ 4. The body hereby created shall elect and qualify 
such officers as their constitution and by-laws prescribe, and 
according to the provisions thereof, who shall hold their 
offices for such length of time and discharge the duties 



LITERARY AND SCIENTIFIC ASSOCIATIONS. 275 

thereof in such manner as may be prescribed by the consti- 
tution and by-laws of the society. 

§ 5. Said body may receive, take and hold any gifts, B«quests, etc. 
devices, bequests, or donations which may be made, and 
may acquire, in fee, or for any less estate, real estate or any 
personal property necessary or convenient for the promo- 
tion of said aim ; and in case of a sale or sales of property, 
real and personal, which future convenience or enlargement 
may require, the deed or instrument conveying the same 
shall be executed by the president and secretary, with the 
corporate seal affixed, under such rules and regulations as 
the society shall provide. 

§ 6. This act shall be deemed a public act, and shall 
take efi'ect from and after its passage, and after its accept- 
ance by said society. 

Approved February 28, 1867. 



AN ACT te incorporate the Ladies' Baptist Education Society. in force March 

7, 1S67. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assemlly, That Mrs. corporator?. 
M. K. Everts, Mrs. N. P. Iglehart, Mrs. H. G. Sutherland, 
Mrs. L. A.Willard, Mrs. O. B. Wilson, Mrs. M. G. Clark, 
Mrs. M. L. Osgood, Mrs.C. H. Eeed, Mrs. C. T. Boggs, 
Mrs. L. Cornell, Mrs. E. G. Goodspeed, Mrs. Rhuse, Mrs. 
E. Bixly, Mrs. C. 1^. Holden, and their associates and suc- 
cessors, are hereby constituted a body corporate, under the corporate name 
name and title of the "Ladies' Baptist Education Society;" and powers. 
and, by that name, shall have perpetual succession, with 
power to contract and be contracted with, sue and be sued 
and, generally, to do all acts incident to corporations, at 
common law, for the purpose and objects of this corpora- 
tion, which are declared to be to aid in the education of 
young men for the gospel ministry. It shall have power Possession of 
to acquire by gift, grant, bequest, or purchase, real and per- and''personai!' 
sonal property, and may use, sell or lease the same, for the 
objects of the corporation : Provided^ that all gifts, grants or Pioviso. 
bequests for special objects shall be applied to the purposes 
for which they were made. And real and personal prop- 
erty belonging to the said corporation shall be exempt from 
taxation or assessment for any purpose whatever. 

§ 2. The said corporation shall have power to make a constitution 
constitution and b^'-laws for the government of its own pro- ''*"*^ "^y-'aws. 
ceedings and to elect its own officers, managers and trus- 
tees. The persons hereinbefore named shall constitute the First board of 
first board of managers, and shall hold their office till the ^p°o1ntm^t 
first annual meeting which shall be on the 25th day of June °^ new boards. 



276 LITEKAJSY AND SCIENTIFIC ASSOCIATIONS. 

next ensiling, at which time and annually thereafter on 
such a day as the said corporation shall appoint, a new 
board shall be elected. The board of managers shall possess, 
for the purpose of carrying out the objects of their corpora- 
tion, all the powers of the corporation itself, subject to the 
constitution and by-laws which the corporation may adopt. 

Trustees. § 3. There shall be a board of trustees of the said cor- 

poration, who shall have the charge and management of all 
its permanent funds and real estate, and such other powers 
as the constitution and by-laws of the corporation may pre- 
scribe, J. C. Burroughs, W. W. Everts, iSIathaniel Colver, 
G. W. ISTorthrop, Samuel Baker, L. Church, E. G. Taylor 
and C. ]Sr. Holden, shall constitute the first board of trus- 
tees, and shall hold their offices until the first annual meeting, 
when, and annually thereafter, the corporation shall elect a 

Meetings. ncw board. The board shall meet annually and at such 
other times as it or its presiding officer may deem expe- 
dient. All called meetings to be notified by written notices 
sent to each member, and three members to constitute a 
quorum. The board shall have power to choose its own 
officers, and fix its own by-laws and fill every vacancy which 
may occur, by death, resignation or otherwise, until the 
next annual meeting. 

§ 4. This act shall be a public act, and shall take effect 
and be in force from and after its passage. 
Appkoved March 7, 1867. 



In force March 

7, 1S67. 



AN ACT to incorporate the Concardia Maennerclior of Cliicago. 



Preamble. Whereas an associatiou has heretofore been formed in 

the city of Chicago, called the Concordia Maennerchor, for 
the cultivation of vocal and instrumental music, and for 
other esthetic purposes ; now therefore, in order to promote 
the above declared objects of said association. 

Section 1. Be it e^mcted by the People of the State of 
Illinois, represented in the General AssemUy, That Francis 

Corporators. A. Hofimau. Charlcs Kanffbld, Otto Loole, Augustus Beck, 
Ferdinand Jaeger, Theodore Mendelson, Charles Lorme, 
and their associates and successors, forever, are hereby 
declared a body corporate, by the name and style of "The 

Kame and style Concordia Maeuuerchor of Chicago;" and, by that name. 

Powers. shall havc perpetual succession ; shall be capable in law to 

contract and be contracted with, sue and be sued, implead 
and be impleaded, within all courts of competent jurisdic- 
tion ; may receive, acquire and hold real and personal prop- 
erty and effects, suitable to the carrying out of the objects 
of the association ; may have a common seal, and alter the 



LOAN COMPANIES. 277 

same at their pleasure ; may make sucli constitution, regula- 
tions and by-laws as may be requisite for its government and 
for carrying out the objects of the association, and not con- 
trary to the laws of the land, and may alter the same at their 
pleasure. 

§ 2. This act shall be a public act, and shall be in force 
from and after its passage. 

Approved March 7, 1867. 



AN ACT to incorporate the Marion County Trust and Loan Company. 1° ^8'"^i86/f'^*^^ 

Section 1. Be it enacted hy the People of the State of 
Illinois, rejyresented in the G.eneral Assemhly, That John corporators. 
Cunningham, George W. Pace, Benjamin T. Marshall, 
Henry 0. Moore, James S. Martin, David P. Snelling, 
Daniel K. Green, and Benjamin Lydick, and their associ- 
ates and successors, and such persons as shall become stock- 
holders in the company hereby created, shall be a body 
politic and corporate, by the name and style of " The Name and style 
Marion County Trust and Loan Company," to be located 
in the city of Salem, Marion county, Illinois ; and shall 
have succession, a common seal, with power to sue and Powers. 
be sued, to plead and be impleaded, contract and be 
contracted with ; to appoint all necessary officers, servants, 
and assistants ; and may have, enjoy and exercise all pow- 
ers necessary to carry out and execute the powers and in- 
terests of a trust, deposit and loan company. 

§ 2. The capital of the said corporation shall be fifty capital stock. 
thousand dollars, with liberty to increase the same to five 
hundred thousand dollars, to be subscribed and paid for in 
the manner hereinafter provided, and shall be divided into 
shares of one hundred dollars, which shall be deemed 
personal property, and shall be subscribed on the books of 
said company in such manner as its by-laws may prescribe. 

§ 3. The said corporation shall have power to borrow Business and 
money, and receive money on deposit, and pay interest op'^"*"'''^- 
thereon, and to loan the said money at any rate of interest 
not exceeding that now or hereafter by law allowed to indi- 
viduals ; and to discount in accordance with bank usage ; 
and in the computation of time thirty days shall constitute 
one month and twelve months one year ; and to take such 
security, real and personal, as the directors or managers of 
said company shall deem sufficient ; and may buy and sell 
exchange, bills, notes, bonds, or other securities ; may have 
and hold coin and bullion, and buy and sell the same, issue 
letters of credit, certificates of deposit, and other commer- 
cial obligations : Provided, the same shall not be in the 



278 LOAN COMPANIES. 

similitude of bank notes, or otlier evidences of debt, de- 
signed to be circulated as money. 

Possession of § 4-, It shall be lawful for the company hereby incor- 
reai estate, etc. p^^^^g^ ^^ purchasc and hold such real estate as maybe 
convenient for the transaction of its business, and to take 
and hold any real estate, in trust or otherwise, as security 
for or in payment of loans and debts due or to become due 
to the said corporation or others ; to purchase real estate at 
any sale made in virtue or on account of any loan, debt or 
mortgage, or trust made to or held b}^ said corporation, and 
to receive and take in satisfaction of any loan or debt any 
real estate, and hold and convey the same, and to acquire, 
hold, possess and use and enjoy the same; to sell, lease, 
convey and dispose of all such real estate and personal 
property as it may deem necessary fur the use by said cor- 
poration or as may be deemed by the directors proper and 
necessary to carry on the business and accomplish the ob- 
jects of the corporation or for the promotion of its interests. 

Mana:?ement of § 5. The affairs of this Company shall be managed by a 
affairl. board of directors, of at least live in number, a majority of 

whom shall constitute a quorum for the transaction of busi- 
ness, who shall be stockholders in the corporation. The 
election of said directors shall be held by the stockholders 
when thirty thousand dollars shall have been subscribed to 
the capital stock of said corporation and ten per cent, paid 
thereon ; and three of the corporators herein named shall 
be commissioners to open books for subscription. 

Election of § 6. The election of directors shall be held annually at 

the office of the corporation, and the board shall give at 
least ten days' notice thereof to the stockholders, in such 
manner as they may determine. Every election for direc- 
tors shall be by ballot, and the number of shares owned 
by each stockholder shall be indorsed on the ballot by the 
person or persons who may receive the same ; and a plu- 

vote of stock- rality of votes shall elect. Every stockholder shall be en- 

hoidcr?. titled to one vote for every share of stock standing in his 

or their name on the books of the corporation, and he or 

Dirpctors— they may vote in person or by proxy. Any omission or 

failure to elect ^^.|^^g ^^ elcct directors shall not in anywise impair the 
rights of stockholders, depositors or others interested ; and 
the directors in office shall hold over until their successors 
shall have l^een elected. 

Stock scares- § 7. Within sixty days after the election of the first 
calls for. board of directors, as provided in section 5 of this act, the 
board of directors shall call in an additional sum of ten 
dollars per share on each share of said stock, to be paid at 
such time and place as the directors shall appoint, on due 
notice to said subscribers. The shares of every stock- 
holder omitting to make such payment shall be forfeited, 

Organization, together with all previous ])aynient3 made thereon. After 
the payment of five dollars per share on the amount sub- 



director 



LOAN COMPANIES. 279 

scribed, as provided in the foregoing section, the corpora- 
tion shall be tally organized ; and after the payment of 
fifteen dollars per-share on the whole number of five hun- 
dred shares of the capital stock of the corporation, they 
may commence business in the full enjoyment of the privi- 
leges of this charter at such place in the said as the 

said directors may designate. 

§ 8. The board of directors shall have power to call for Balance due on 
the payment of the balance due on the subscription to the ^"^^^"p*'*"- 
stock of the corporation, at such time as they may deem 
proper; and in the event of the non-payment of the bal- 
ance due by any stockholder on his stock within sixty days 
after due notice, it shall lawful fur the directors, at their 
option, to enforce such payment or to sell at public auction, 
to the best advantage, the amount of stock standing in the 
name of said non-paying stockholders, who shall thereupon 
cease to be a s*^ockholder in the corporation ; and the pur- 
chaser or pui ..dsers of said shares of stock shall have and 
enjoy all the privileges and profits accruing on account 
to the said shares of stock, and become liable for the pay- 
ment of all calls then due or thereafter made on such shares 
of stock. 

§ 9. The board of directors shall have power to declare Dividends, 
dividends on the stock of the said corporation, from time 
to time, after the accumulation of the profits of said cor- 
poration shall exceed five per cent, on the amount of 
capital actually paid in : Provided^ said dividend shall Proviso, 
not reduce the surplus of profits of the corporation below 
five per cent, on the amount of capital actually paid in ; 
but in no case shall the amount of any dividend be paid 
over to any stockholder on his or their stock until the 
amount of twenty-five dollars has been paid into said cor- 
poration. 

§ 10. At any time after the full payment of the original increase of the 
capital of fifty thousand dollars into the corporation, as *^^^^"^' ^'"'^ 
hereinbefore provided, the board of directors may increase 
the capital stock of the corporation to the amount limited 
or any part thereof, in shares of one hundred dollars each, 
in such manner as may be deemed proper ; and such in- 
crease shall be liable and subject to all the liabilities, immu- 
nities and privileges of the original stock, as provided in 
this act. Stockholders shall have the option of subscribing 
to such increased stock, pro rata, within such time as the 
directors may limit, of which due notice is to be given. 

§ 11. That any real estate, acquired in fee by this cor- property, etc.— 
poration, either by purchase or in payment or satisfaction time of holding 
of any loan or debt, and not held in trust or security 
by other than what shall be necessary for the convenient 
use of the same tor the transaction of its business, shall 
not be held by the said corporation longer than ten years, 
and shall, within that time, be sold and conveyed, either at 



280 



LOAN CCMPANIES. 



Stockholders' 
liabilities. 



public or private sale, so as to divest the corporation of the 
title to and fee in the same. 

§ 12. The corporation hereby created shall exist for the 
term of tweuty-tive years from the passage of this act. 
The stockholders herein shall be responsible in their indi- 
vidual property, in double the amount of their stock, to 
make good all losses to depositors or others ; and no assign- 
ment of their stock shall release them from said liability 
until after the fact of such assignment and name of the 
person to whom made and the amount of said stock shall 
have been advertised in some public newspaper printed in 
the county where this corporation is doing business and 
located, for the period of three months. This act shall be 
void unless said company shall organize and proceed to 
business within two years after the passage hereof. The 
subject^to |en- g^id compauy shall be subject to the provisions of any 
favvs. '^" '°° law hereafter passed on the subject of banking, trust or de- 
posit companies. 

§ 13. This act shall take effect and be in force from and 
after its -jiassage, and shall be a public act. 

Appkoved, March 8, 1867. 



Time of organi^ 
zation limited . 



torr.e March 
8, 1S67. 



AX ACT to iacorporate the Edgar County Land and Loan Company. 



Corporators. 



Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That James 
A. Eads and Calvin W. Levings, their associates, heirs and 
assigns, and all such persons as shall become stockholders 
in the corporation hereby created, and their successors, 
shall be a body politic and corporate, by the name and style 
Nameandstyie of "The Edgar County Land and Loan Company;" shall 
Powers. have a common seal, may sue and be sued, make contracts, 

and have and exercise all the powers and privileges and be 
subject to all the liabilities of a body corporate and politic, 

and shall be located at • . 

§ 2. The capital stock of said company shall be one 
hundred thousand dollars, and shall be subscribed and paid 
for in the manner prescribed by the by-laws. It shall be 
divided into shares of one hundred dollars each, to be 
deemed personal property, and transferable as such on the 
books of the company, in such manner as the by-laws may 
prescribe. The capital stock may be increased, from time 
to time, to an amount not exceeding five hundred thousand 
dollars. Each share of stock shall entitle the holder thereof 
to one vote, for the purpose of increasing the capital stock. 
§ 3. The said corporation shall have power to borrow 
money, and to receive monej' on deposit, and pay interest 



Capital stock 



Business and 
operations. 



LOAN COMPAlflES. 281 

thereon, and to loan money, either within or without this 
state, at any rate of interest not exceeding that now or 
hereafter allowed by law to private individuals; and to dis- 
count loans; and, in computation of time, thirty days shall 
be a month and twelve months a year; and to make such 
loan payable either within or without this state, and to take 
such securities therefor, real and personal, or both, as the 
directors or managers of said corporation shall deem suffi- 
cient ; and may secure the payment of such loans by deeds 
of trust, mortgages or other securities, either within or 
without this state; may buy and sell negotiable paper or 
other securities ; may open and establish a real estate 
agency; may purchase and sell real estate, and shall have 
power to convey the same, in any mode prescribed by the 
by-laws of such corporation ; may accept and execute all 
such trusts, whether fiduciary or otherwise, as shall or may 
be committed to it by any person or persons, or by order of 
any court or tribunal or legally constituted authority of the 
state of Illinois, or of the United States, or elsewhere ; 
may make such special regulations, in reference to trust 
funds or deposits left for accumulation or safe keeping, as 
shall be agreed upon with the depositors or parties inter- 
ested, for the purpose of accumulating or increasing the 
same ; may issue letters of credit and other commercial 
obligations, not however to circulate as money ; and may 
secure the payment of any loans made to said company in 
any way the directors may prescribe. 

§ 4. Married women and minors may, in their own Minors and 
names, subscribe for stock, and deposit money with said ^ay"s^ublwibe 
corporation, and receive certiUcates of stock and deposit in stock. 
their own names ; which stock and deposits shall be subject 
to their order and disposal only. 

§ 5. It may be lawful for the company to purchase and Possession of 
hold such real estate as may be convenient and useful for real estate, etc. 
the transaction of its business, and also to take and hold 
any real estate, in trust or otherwise, for or in payment of 
loans and debts due and to become due to said company; 
to bid for and purchase real estate at any sale, whether 
made in virtue or on account of any loan or mortgage or 
trust made to or held by or for said company, or in which 
it is interested or otherwise ; and to receive in satisfaction 
of any loan or debt any real or personal estate, and to hold, 
use, lease and convey the same. 

§ 6. The aifairs of the company shall be managed by Management of 
a board of directors, at least three in number, who shall ^^^"''" 
hold their office for one year and until their successors are 
elected and qualified. The directors shall have power to 
appoint other officers and agents, and prescribe their duties ; 
and they may fill vacancies that may occur in the board of 
directors. The directors shall have power and authority to 
make by-laws, rules and regulations for the government 



282 



MANUFACTUEING COMPANIES. 



and well ordering of the business affairs and officers of said 
compan}' ; they shall have the right and power to determine 
the time and manner in which installments upon capital 
stock shall be paid; and may declare forfeited any share or 
shares of stock on which remains due and unpaid any such 
instalhnent for the period of tliirty days, together with ail 
sums paid thereon, or, at their option, may sue for and 
recover the entire amount of subscription remaining unpaid. 

iStoekhoiders — § 7. The stocklioldcrs herein shall be responsible, in 
liabilities of. tijgij. individual property, in double the amount of her stock, 
to make good all losses to depositors or others, and no assign- 
ment of their stock shall release them from said liability, 
until after the fact of such assignment and name of the 
person to whom made and the amount of said stock shall 
have been advertised in some public newspaper printed in 
the county where this corporation is doing business and 
located, for the period of three months. 

Fimefororgani- § 8. This act shall be void unlcss said company shall 
imi e . QYgo^j^ize and proceed to business within two years after the 

^er^ii^^'bankhf' P^^^^ft® hcreof. The said company shall be subject to the 

laws. ^ provisions of any general law hereafter passed on the sub- 
ject of banking, trust or deposit companies. 

§ 9. This act shall be deemed and taken to be a public 
act, and be in force from and after its passage. 
Approved March 8, 1867. 



In force Feb'y AN ACT to incorporate the Xorthwestern Manufacturinor Company. 
23,1867. o f J 

Section 1. J^e it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Ly- 

corporators. man E. De Wolf, James H. Kuowltonand Egbert Jamieson, 
and their associates and successors, and all such persons as 
shall become stockholders, he and they are hereby created 

Name and style a body Corporate and politic, by the name and style of "The 
Northwestern Manufacturing Company ;" and, as such com- 
pany, shall have perpetual succession, a common seal, the 
power in law and in equity of suing and being sued, of 
pleading and being impleaded, contracting and being con- 
tracted with; of appointing all necessary officers, clerks and 
agents, and shall have and enjoy all the powers necessary 
to carry out and execute the purposes and intent of a manu- 
facturing company. 

Capital stock. § 2. The capital stock of said company shall be two 
hundred thousand dollars, and may be increased by a res- 
olution of the board of directors of said company, to any 
amount not exceeding one million of dollars. The capital 
stock of said company shall be divided into shares of one 



MANUFACTURING COMPANIES. 283 

and the persons named in tlie first 
section of this act, or a majority of them, may, at such times 
and places and on notice as they may decide, open books of 
subscription to the capital stock of said corporation ; and, as 
soon as one hundred shares of said st0(;k are subscribed and 
one dollar on each share so subscribed shall have been 
paid in, they shall call a meeting of the stockholders,^ by- 
such notice as they may deem best, for the election of di- 
rectors of said company, and organize the corporation. The 
principal office of said company shall be located in the city 
of Chicago. 

§ 3. The corporation hereby created shall have power Business and 
to carry on the business of manufacturing, making and op*''^'"'"^ 
building steam boilers, engines of every description, steam 
pumps, and every other article or kind of machinery, of 
whatever nature, and shall also have power to purchase any 
patent of inventions, of whatsoever nature or kind, and to 
manufacture and sell the article, machine or other thing so 
patented, (and the patent therefor purchased by said com- 
pany,) and to hold, use, sell and convey any patent or 
patents of inventions purchased by said company, or arti- 
cles or machinery manufactured by said corporation, in 
exchange for any property, real or personal ; which prop- 
erty, thus obtained, may be held for the use and benetit of 
the corporation, or be sold and conveyed as its by-laws shall 
•direct. 

§ 4. Said company is hereby authorized to receive, in ^g'^y^j.^"' °^ 
payment for stock, cash, personal property, or such real es- 
tate as may, in the estimation of a majority of the board of 
directors, be advantageous for said company to possess. 

§ 5. The officers of said company shall be a president, officers. 
vice-president, secretary and a treasurer, and such other 
officers as may be provided for by the by-laws of said com- 
pany, and they shall be elected by the directors of said 
company and shall be removable by said board, at their 
pleasure. 

§ 6. Said company is hereby authorized and empowered ^^]j|j'^'j|Jfg'^ ^p^ 
to rent, lease or purchase any tract of land in the state of 
Illinois or elsewhere, or any building or buildings, for the 
purpose of carrying on said business of manufacturing and 
selling said manufactured articles, as before provided for, 
and to erect on any lands so rented, leased or purchased by 
them for said purposes, engines and all machinery and fix- 
tures and buildings and every other thing whatsoever neces- 
sary to the successful prosecution of said business. 

§ 7. The business control of said company shall be and Government, 
remain in a board of directors of not less than seven nor 
more than nine persons, who shall be stockholders in said 
company. The first board of directors shall be elected at 
a meeting of the stockholders and by a majority of the stock 
represented at said meeting, as soon as one hundred shares 



28i 



MANUFACTURING COMPANIES. 



Election of 
officer;?. 



By-laws. 



Compensation 
of officers. 



is subscribed, as hereinbefore provided ; and tbej shall re- 
main such directors until the next annual election or until 
their successors are elected and enter upon their duties. 

§ 8. The annual election of directors of said company 
shall be held at the principal office ol said company on the 
second Monday of January of each and every year ; and 
stockholders may, at such elections, vote in person or by 
proxy; and all persons receiving a majority vote of the stock 
represented and voted on at said meeting shall be duly 
elected directors of said company ; but if, for any reason, 
said annual election should not take place, said company shall 
not be dissolved on that account, but said board of directors 
shall remain in office until another board is elected. 

9. Said board of directors shall have power to make 
such by-laws, rules and regulations as they may deem neces- 
sary and proper to the successful prosecution and business 
of said company : Provided^ said by-laws, rules and regu- 
lations shall not conflict with the constitution and laws of 
the state of Illinois or of the United States. 

§ 10, The board of directors of said company shall have 
power to fix the compensation of all its officers and define 
the duties of its respective officers and each of them, by its 
by-laws. 

§ 11. Said company shall have power and authority to 
borrow money, from time to time, on the credit and faith of 
said company, and to pledge personal property or to mort- 
gage real estate belonging to said company, to secure the 
payment of any loans so made, or, in place thereof issue the 
bonds of said company, payable at such time and place and 
bearing such rate of interest (not exceeding ten per centum 
per annum,) as said board of directors may deem proper for 
the promotion of the business of said company. 

§ 12. The stock of said company shall be transferred 
only on the books of said company, by the owner thereof 
or his attorney. 

§ 13. A majority of the board of directors shall consti- 
tute a quorum for the transaction of all business. 

§ I'i. The power conferred by this act shall not be con- 
strued to authorize the business of banking. 

S 15. This act shall be in force from and after itc 



pas- 



sage. 

Appeoved February 23, 1S67. 



In force Feb'y 
10, 1867. 



AN ACT to incorporate the Chicago Union Manufacturing Company. 

Section 1. Be it enacted hy the Peo2)le of the State of 
Illinois, represented in the General Assembly, That Benja- 
min F. Russell, John J. Simmons and George H. Glover, 



ilAIiUFACTUKING COMPANIES. 285 

their associates and successors, are hereby made and con- 
stituted a body corporate and politic, by the name and style 
of "The Chicago Union Manufacturing Company ;", and, corporate name 
by that name, shall have perpetual succession; may sue ^'^'^ po^^ers. 
and be sued ; may have a common seal ; make contracts, 
and ovn so much real estate as shall be necessary for the 
transaction of their business ; make by-laws, for the gov- 
ernment of their officers, affairs and business: and have and 
enjoy all of the privileges and immunities, and be subject 
to all the liabilities incident to a body corporate and politic. 

§ 2. The said company are hereby authorized to engage Business. 
in the business of casting or moidding iron, steel or other 
metals into car wheels, railroad trimmings, or any other arti- 
cle made from metal or composed of metal or wood, and 
may also engage in the business of manufacturing steel, 
brass, cars, locomotives or other vehicles, and may estab- 
lish and operate a depot or store or sales room, for the pur- 
pose of storing or selling any of the products of their said 
business ; and may, in connection with their business, deal 
in iron, steel or other metals, locomotives, car wheels, cars or 
other vehicles, railroad supplies or other property purchased 
or owned by them, and may establish agencies for the sale 
of their said property ; but the principal office of said com- 
pany shall be in Chicago. 

§ 3. The capital stock of said company shall be one capital stock, 
hundred thousand dollars ; and when twenty-five per cent, 
thereof shall have been paid in the said company shall be 
deemed fully organized, and may proceed to business. 
Such capital stock shall be divided into shares of one hun- 
dred dollars each, to be deemed personal property, and 
transferable as such on the books of the corporation, in such 
manner and subject to such restrictions as shall be imposed 
by the by-laws ; and the said company may impose penal- 
ties for a failure to pay the installments due on the capital 
stock, and may recover the same in any court of competent 
jurisdiction. The said company are hereby authorized, 
from time to time, as their business shall increase, to in- 
crease their capital stock to an amount not exceeding in all 
the sum of three hundred thousand dollars. Each share 
of stock shall entitle the holder thereof to one vote at the 
election of directors or in the transaction of any other busi- 
ness that shall come before the stockholders. 

§ 4. There shall be elected, annually, at such time as Election of 
the by-la\ys shall provide, tive directors, who shall have the <^'''*^'°"- 
general charge of the business and affairs of said company ; 
and the directors shall elect from their number a president, 
and secretary, and treasurer, who shall hold their office 
during the term of their directorship, and perform such 
duties and exercise such authority as shall be prescribed by 
the directors, and they may appoint other officers and 
agents. 



286 MANUFACTURING COMPANIES, 

§ 5, This act shall be a public act, and be in force and 
effect fro :: and after its passage. 
ifppROVED February 19, 1867. 



In force' Feb'y AN ACT to incorporate the Oconto Company, 

Section 1. Be it enacted by the People of the State of 
nUnois, represented in the General Assembly, That Na- 

corporatoi-3. than Mars, Eli Bates, Geo. Farnsworth, James C. Brooks 
and George H. Ambrose, and their associates and successors, 
are hereby made and constituted a body corporate and po- 

xame and style litic, by the name and style of ''The Oconto Company;" 
and, as such corporation, shall have perpetual succession; 
may sue and be sued ; have a common seal, which they may 
alter at pleasure ; may make contracts in and about their 

Authority and busincss ; may own so much real estate, in or out of this 
povTera. state, and other property, as they shall deem necessary for 

the purposes of said corporation, which they may sell, lease 
or mortgage. Said company are authorized to borrow 
money and pay interest thereon, not exceeding the legal 
rate, and to pledge their property and franchises to secure 
the same, by mortgage, trust deed, or otherwise; may make 
such by-laws, rules and regulations as they may deem ne- 
cessary from time to time, for the government, man- 
agement and prosecution of the aflairs of the company 
and their agents ; and have and enjoy all the rights, privi- 
leges and immunities and be subject to all the liabilities inci- 
dent to a body corporate and politic. 

Capital stock. § 2. The Capital stock of said company shall be two 
hundred thousand dollars, and the same may be increased 
by the stockholders, when, in their opinion, the business of 
said company shall require it, to an amount not exceeding 
the sum of five hundred thousand dollars ; which capital 
stock shall be divided into shares of one hundred dollars each, 
to be deemed personal property, and transferable on the 
books of said company, subject to such rules and regu- 
lations as the by-laws shall provide. 

Officers. § 3. The business of said company shall be conducted 

by a board of five directors, who shall be elected annually 
by the stockholders ; and the said directors shall elect from 
their number a president, vice president, secretary, and 
treasurer, who shall hold their oflices during the term of 
their directorship, and perform such duties as shall be pre- 
scribed by the by-laws or order of the board of directors ; 
and such board may appoint other officers and agents antl 
prescribe their duties. The said board of directors shall 
have authority to call in the money due on the capital stock 



MANUFACTUKINa COMPANIES. 287 

from time to time, as they shall require for the business of 
said company, and may declare forfeited any share thereof 
on which remains due and unpaid for the space of ninety 
days any installment thereon, and may impose fines and 
penalties for a violation ot the by-laws or the rules of the 
board. 

§ 4. The said company are authorized to own, occupy, object and pur- 
and operate one or more saw and planing mills, for the p°^^'' 
sawing, dressing and cutting of lumber into boards, floor- 
ing or other forms, for building purposes ; and may manu- 
facture sash, doors, blinds, brackets, mouldings, frames, or 
other articles manufactured from lumber or timber, and may 
make shingles, and use and employ machinery ill and about 
their business, propelled by steam or water power ; and 
they are further authorized to purchase and hold land or 
other estate, for the purpose of cutting therefrom timber 
and saw logs, and sell said land or real estate ; and they 
are hereby authorized to establish one or more depots or 
agencies for the sale of any or all of the products of their 
mills or manufactory ; and may purchase timber, logs or 
lumber, to supply their said mills or agencies ; and may sell 
and dispose of any of their property, whether resulting from 
their said mills or otherwise: Provided^ that the principal office of princi- 
officeof said company shall be located in the city of Chi- P^'^'^f^^'^'P^^y 
cago, in the state of Illinois. 

§ 5. The said company are hereby authorized to own, sto.k described 
buy, sell and operate one or more propellers, steamers, or 
vessels, for the transportation of their lumber, shingles or 
other property to market ; and they shall be authorized to 
receive on board of their propellers, steamers or vessels, 
the property of others, for tranportation, and may charge 
and collect therefor ; but in all such cases they shall be 
subject to all the liabilities incident to common carriers. 

§ 6. The said company may purchase, take, or hold, by May purchas* 
deed, or lease, or otherwise, within or without this state, p^'^p^^^'- ^*'^' 
such wharves, lots, landings, lumberyards, property, stores, 
or storehouses, and may erect and build such structures and 
make such improvements thereon, and carry on their busi- 
ness of manufacturing, buying and selling therein and 
thereon, as shall, in their judgment, promise to prove to 
their interest and advantage ; and may do, generally, all 
other acts and things without the state which they might do 
within the state. 

§ 7. This act shall be deemed a public act, and take 
efiect and be in force from and after its passage. 

Appkoyed February 22, 1867. 



288 MANUFACTURING COMPANIES. 

In force Feb'y AN ACT to incorporate the McHenry County Manufacturing Company. 

Section 1. Be it enacted Tjij the People of the State of 
Illinois ^represented in the General Assembly, That William 
A. McConiiell, Samnel A. French, John W. Smith, John 
Gillilan, James Phillip, S. H. Walker, and Theodore D. 
Murphy, and their associates and successors, be and they 
are hereby created and declared a body politic and corpo- 

corporate name T^tc, uudcr the Corporate name of "The McHenry County 
and powers. Manufacturing Company;" and, by that name, may sue 
and be sued, plead and be impleaded, contract and be con- 
tracted with, acquire, receive, and possess, enjoy, alien, 
convey and otherwise dispose of all such property and 
eifects, real and personal, and do and perform all such 
other acts and things as shall or may be necessary or con- 
venient for the transaction of the business ot said company, 
as hereinafter indicated, and have perpetual succession, for 
the term of fifty years, from and after the first day of Jan- 
uary, A. D., 1867. 

Business. § 2. Be it further enacted^ That the only business in 

which said company shall be authorized to engage shall be 
the manufacture of textile fabrics, composed wholly, or in 
part, of wool or cotton. 

Possession of § 3. Be it further enacted^ That said company shall be. 

property, etc. authorized to acquire, by purchase, such land and water 
power, at any point on Fox river, in the county of McHenry, 
in the state of Illinois, as may be deemed suitable for the 
operations of said company, and to erect on such lands all 
necessary buildings and provide all needful machinery and 
fixtures for the prosecution of the manufacturing business 
of said company. 

Principal office, § 4:. Be it further enacted, That the principal office 
of said company shall be at Woodstock, in the county of 
McHenry ; but it shall have an office at the place at which 
its manufacturing operations shall be carried on. 

Capital stock, § 5. Be it further enacted, That the capital stock of 
said company shall be two hundred thousand dollars, in 
shares of fifty dollars each, which shall be transferable by 
the holders thereof, in such manner and upon such conditions 
as the by-laws of said company may prescribe. 

Operations. § 6. Be it further enacted, That the said company shall 

not go into operation until seven hundred shares of its 
capital stock have been subscribed and twenty-five per cent, 
thereof upon each share shall have been actually paid, in 
cash, by the parties subscribing for such shares. 

stock subscrip. § 7. Be it further enacted, That any two or more of 
the corporators named in the first section of this act may 
proceed, as comraissoners, to open the books and receive 
subscriptions for the capital stock of said company. 



lion. 



MAJsUFACTUKING COMPANIES. 289 

§ 8. Be it further enacted, That when a requisite Organization, 
amount of stock shall have been subscribed 1" ^r, as provided 
for in sections six (G) and seven (7), the stockholders may 
meet at "Woodstock, and proceed to organize the said com- 
pany, by the election of directors. And every stockholder 
at all meetings of this body, shall be entitled to one vote 
for each and every share of stock held by him, and shall 
have the right to vote, either in person or by proxy. 

§ 9. Be it further enacted, That the annual meetings of stockholders— 
the stockholders of said company, after the first meeting, ™«^"°s- 
shall be held at Woodstock, in said McHenry county, on the 
iirst Monday of January, in each and every year ; but if, 
from any cause, no meeting shall be held at the regular 
time for holding the same, a called meeting of the stock- 
holders may be convened by the president and any two of 
the directors, at any- time within three months after the 
time for holding the regular meeting; and the business 
transacted at such meeting shall be as valid and effectual, 
in all respects, as though it had been transacted at a regular 
meeting. 

§ 10. Be it further enacted. That the property, business Directer-s. 
and affairs of said company shall be managed and controlled 
by a board of directors, consisting of not less than five nor 
more than seven members — three of whom shall constitute 
a quorum for the transaction of business. The first board 
of directors shall be elected by the stockholders at their 
first meeting, and shall hold their ofSces until the next 
succeeding annual meeting of the stockholders, and until 
their successors are elected. 

§ 11. Be it further enacted, That the board of directors, offieers. 
at their first meeting after their own election, shall choose 
one of their number to be president, and another to be vice- 
president of said company, and shall, also, appoint, from 
time to time, as they shall think fit, a secretary and treas- 
urer, superintendent, and such other officers, if any, as shall 
be provided for by the by-laws of said company. 

§ 12. Be it further enacted. That it shall be lawful for By laws, 
the directors of said company to enact such by-laws for the 
regulation of the affairs of said company, as to them shall 
seem expedient : Provided., that the same be not inconsist- Proviso. 
«nt with this act or with the constitution and laws of this 
state or the United States. 

§ 13. Beit farther enacted. That the board of directors ca|u for stock 
shall have power, when in their judgment it shall be expe- ^" senpion. 
dient so to do, to make calls upon the stockholders for 
payment by installments upon the shares of stock held by 
the several stockholders, respectively, until all the shares of 
stock subscribed for shall have been paid up in full ; but 
no call shall be made for any one installment exceeding 
twenty-five dollars per share, nor shall said installments be 

Vol. II— 19 



290 MANUFACTURING COMPANIES. 

dne until notice of sucli call sbalK be published in some 
public newspaper printed in said county for at least twenty 
days. 
Liens. § 14. Be it further enacted^ That said company shall 

have a lien upon all shares of stock held by the several 
stockholders, for the payment of such installments thereon 
as may be called for by the board of directors, under the 
provisions of the last preceding section ; and if any stock- 
holder shall fail to pay any such installment, when the 
same shall be required of him, the board of directors may 
cause his stock to be sold at auction, and out of the pro- 
ceeds of such sale, first deducting all incidental charges, 
they shall retain the sum due on such stock for the install- 
ment in arrear, and the remaining surplus, if any, shall be 
paid over to the defaulting stockholder who held the stock 
so sold. 
Liabilities. § 15. Be it further enacted, That said company shall 

be liable upon no express contracts, except such as shall be 
signed by the president or vice-president and countersigned 
by the secretary of said company. 
Possession of §16. Be it further enacted, That, for the purpose of 
properiy.etc. carrying out the provisions of this act, either in prosecuting 
their business or improving their water power, this company 
may enter upon and take real estate or material, by first 
appraising and making payment or tender of payment 
therefor, in the same manner as is provided for condemning 
and appraising lands for right of way by the general laws 
of this state concerning right of way. 
Construction of § IT. Be it further enacted. This act shall be regarded 
^*='- as a public act, and shall be libetally construed in further- 

ance of the purposes for which said company is incorporated. 
§ 18. Be it further enacted, That this act shall take 
eti'ect and be in force from and after its passage : Provided^ 
Proviso. that if the corporation hereby created shall not be fully 

Organization. Organized within three years from the passage hereof, then 
this act shall be null and void. 
Approved February 28, 1867. 



In force Feb'y AN' ACT to iiic'irporatp the United States Hydro-Caloric Light Manufactu- 
23' l^^'- ring Company! 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General AssemUy, That Jacob 
II. Beidler, Abraham Maytield, Samuel W. Wadsworth, 
James F. D Elliott, Henry M. Beidler, Charles H. Ham, 
Sidney W. Sea and their associates and successors, and all 
such persons as shall become stockholders, be and they are 



MANUFACTURING COMPANIES. 291 

hereby created a body corporate and politic, by the name 
and style of "The United States Hydro-Caloric Light Man- corporate name 
ufactm-ing Company;" and, as such company, shall have ^""^ p°'''^^''- 
perpetual succession, and with power, by that name, to con- 
tract and be contracted with ; and shall have power to sue 
and be sued, plead and be impleaded unto, answer and 
defend in any and all courts of law and equity in this state 
and elsewhere. The corporation shall have a common seal, 
and power to appoint such agents and attorneys as it may 
deem necessary; and to make, ordain and establish such 
by-laws, rules and regulations for the management of its 
affairs as it may think proper, not inconsistent with the 
laws and constitution of the United States and the state of 
Illinois ; and shall be recognized in all its rights and powers, 
without pleading the same, in all the courts of Illinois. 

§ 2. The capital stock of said company shall be one capital stock, 
hundred and fifty thousand dollars, and divided into shares 
of one hundred dollars each, and shall be deemed personal 
property, and transferable on the books of the company, 
only, under such regulations as may be adopted by the 
board of directors of said company : Frovided^ that the 
capital may be increased to four hundred thousand dollars, 
if the stockholders shall so desire, 

§ 3. The incorporators named in the first section of this stock subscrjp- 
act, or a majority of them, shall have power and authority *'°°- 
to open books in the city of Chicago and elsewhere, at such 
time and place as notice thereof may be given, for subscrip- 
tions to the capital stock ; and as soon as the sum of twenty- 
tive thousand dollars shall be subscribed and such per cent, 
as said incorporation may require at the time of subscribing 
for the same shall be paid in, then said incorporators, or a 
majority of them, shall call a meeting of the stockholders 
for the election of the first board of directors of said com- 
pany; which election shall be superintended and managed 
by the said incorporators acting in the organization of the 
company, and each share of stock then subscribed for shall 
be entitled to one vote, to be cast by the person subscribing, 
or by proxy, as they may see fit ; and as soon as the direc- 
tors shall be elected the said incorporators shall pass over 
the books, papers and money to said directors, so elected, 
and said incorporators shall then be discharged from fur- 
ther duties as incorporators under this act. 

§ 4, The officers of said company shall consist of a officers ana c;'>v- 
board of seven directors, a president, a vice president, a ^'""'"J"*- 
secretary and treasurer, who shall hold their offices for one 
year and until their successors are elected and qualified, by 
accepting the offices, to which they are elected. A majority 
of the directors shall form a quorum for the transaction of 
business ; and the board of directors shall have power and 
authority to appoint, from time to time, such other officers 
of the company for the management of its business as they 



Election 
officers. 



\ 
292 MANUFACTTJKING COMPANIES. 

may deem necessary ; and said board of directors shall, also, 
have power and authority to fill all vacancies in their num- 
ber; and in case any vacancy shall at any time exist in the 
office of president, vice president, secretary or treasurer, or 
if any of said officers shall become disqualified to act, for 
any cause, said board of directors may till the same at any 
regular or special meeting of said board. 
Appointments § ^- The dircctors first elected under this act of incor- 
"<3f officers. poration shall immediately proceed to elect from their num- 
ber a president, a vice president, a secretary and treasurer ; 
and, at the pleasure of the board, the secretary and treasu- 
rer may be the same person ; and said board of directors 
shall also make and adopt such by-laws, rules and regula- 
tions for the management of the business of the company 
as they may deem advisable, not inconsistent with the laws 
and constitution of the United States and the state of Illi- 
nois ; and the board of directors may, from time to time, 
alter or amend said by-laws, rules or regulations, as they 
may deem necessary for the government of the company 
and the management of its affairs. 

§ 6. The stockholders shall elect, on the first Tuesday 
prior to the day fixed in the by-laws for the commencement 
of the business and fiscal year of the company, and annu- 
ally ther-eafter, a board of seven directors of said company, 
at such place as the by-laws may provide — each share of 
stock being entitled to one vote, to be cast either in person 
by the holder thereof or by proxy, as may be provided for 
in the by-laws of the company. A majority of the votes 
given at any and all elections under this act shall decide the 
same ; and it shall be the duty of the directors, when elected, 
to organize the board and proceed to elect a president, vice 
president, secretary and treasurer, from their number. 
Business and § 7. The compauj Organized under this act of incorpo- 
operations. nation shall have power and authority to engage in and 
carry on the manufacturing business in the city of Chicago, 
or at any place in the county of Cook, or in the state of Illi- 
nois, to manufacture lamps and such other articles as said 
company may desire, for the purpose of bringing into use 
Ijeidler's Hydro-Caloric Light, using, to produce the same, 
petroleum, benzole or refined oils, upon the principle autho- 
rized in letters patent issued by the government of the 
United States; and said company shall have the power 
and authority to manufacture such machinery and other 
articles necessary to a full prosecution of the business of 
making and vending lamps and other articles, for the use 
of said light, and the promotion thereof; and, for that pur- 
pose, said company may purchase, lease and hold such real 
estate as may be necessary for the machine shops, founderies, 
finishing shops, office, yards and other grounds ; and may, 
from time to time, change the location of the same, and for 
that purpose, may sell and convey the property so held and 



MANUFACTUKING- COMPANIES. 293 

purchase other land and property at any place or places in 
the said cctunty of Cook, as said company may deem for its 
advancement in the manufacturing of said articles and 
business ; and said company may, for the purpose of enga- 
ging in said business and carrying on the same, purchase 
and sell such personal property, stock and materials as may 
become necessary, from time to time ; and shall, also, have 
power and authority to purchase patents and patent rights, 
and improvements thereon, for the Hydro-Caloric Light 
and such as may be connected there vrith, in any one or more 
principles, and articles in which to introduce the same ; 
and may sell rights to manufacturers and others to make, 
use and vend the same, and convey the same in the corpo- 
rate name or in the name of st trustee, as the board of 
directors of said company may deem beneficial for the in- 
terests of the company ; and to issue stock of said company 
in payment of the same or any part thereof, as may be 
deemed for the interest of the company. 

§ 8. Said company shall have power and authority to indebtedness. 
borrow money, from time to time, and to pledge and mort- 
gage the property of the company to secure the payment 
thereof; and may mortgage property for the purchase mo- 
ney or any part thereof, as the board of directors may deem 
beneficial for the intereot of the company. 

§ 9. The general office of the company shall be in the General office, 
city of Chicago ; and this act shall be deemed a public act, 
recognized and noticed by all courts as such, without plead- 
ing the same. 

§ 10. This act shall take effect from and after its passage. 

Approved February 28, 1867. 



AX ACT to incorporate the Rockwood Manufacturing Company. In ^°J^^^^^^^^ 

Section 1. J^e it enacted hy the Peojyle of the State of 
Illinois^ represented in the General AssemUy^ That Joseph 
B. Holmes, John Clendenin and James L. Mann, and such 
persons as they may associate with them, are hereby created 
a body politic and corporate, by the name and style of "The corporate name 
Rockwood Manufacturing Company," with power to build, *"'' p-^^^"'*- 
maintain and use a steam flouring mill and such other 
machinery or adjuncts as they may deem necessary, in 
the town of Rockwood, Randolph county ; and by that 
name, aforesaid, they shall have perpetual succession ; may 
sue and be sued, plead and be impleaded, answer and be 
answered unto, in all courts and places whatsoever; may 
have a common seal, and may alter the same at pleasure; 
and shall be capable in law of purchasing and holding real 



291 MANUFACTUEING COMPANIES. 

estate and of conveying away the same, for the purposes 
and objects of said corporation. 

Business and § 2. The Said compan3' are liereby authorized to carry 

operations. ^^^ ^|^^ busiucss of manufacturing meal and flour froiri the 
various kinds of grain, and of carrying on the business of 
manufacturing in as many ways and branches as they may 
deem for their interests, and to use all such powers and 
privileges to select sucli officers, agents, managers and ser- 
vants, as may be necessary to carry on tiieir business in all 
its branches ; and may increase the corporation to such 
numbers and their capital stock to such sum as may be 
necessary for their objects, from time to time ; and shall have 
all the powers to manage and transact their business that a 
natural person could or might have. 

oiganiEation- § 3. The pcrsous named in the first section of this act 
shall have power to organize the company, and shall act as 
directors for one year from the date of said organization ; 
they may appoint one of their number president, and may 
make and establish all such by-laws, rules and regulations 
as they shall deem necessary for the management and 
direction of the business, the same being consisreTrtr -with 
the constitution and laws of this state and of the United 
States. 

stock shares. § 4. The sliares in said company shall be fifty dollars 
each, and each share shall be entitled to one vote in all 
elections held by said company ; and the directors, as afore- 
said, shall have power to borrow money, contract debts, 
issue their notes or bonds of the company, and may pledge 
or mortgage their real estate or personal property as secu- 
rity for the same. 

I 5. This act shall take effect and be in force from and 
after its passage. 

Approyed February 28, 1867. 



In force Feb'y AN ACT to incorporate the Ottawa Agricultural Implement Mamifactorv. 

28, 1SC7. 

Section 1. Be it enacted hy the Peoijle of the State of 
Illinois^ represented in the General Assembly^ That E. M. 
Drew, D. F. Cameron, Thomas Cluney, Benjamin F. Shot- 
well, Robert McPherson, and their successors, be and they 
are hereby created and constituted a body corporate and 

Name and style politic, uudcr tlic name and style of "The Ottawa Agricul- 
tural Implement Manufactoi-y," and by such name shall have 

Powers. perpetual succession, with power to sue and be sued, and 

all the powers and authority incident to corporations, for the 
purposes hereinafter mentioned. 



MAi^UFACTUKING COMPANIES. 295 

§ 2. The capital stock of said corporation shall be one capuai stock. 
hundred thousand dollars, and may be increased from time 
to time, at the pleasure of said corporation. It shall be 
divided into shares of one hundred dollars each, and may 
be issued and transferred in such manner and upon such 
conditions as the board of directors may direct. 

§ 3. The said corporation, for the purpose of carrying Possession of 
on its operations and promoting the establishing of agricul- p^'^p^''^'^' ^*''- 
tural impleinent and machinery manufactories, is hereby 
authorized and empowered to purchase land, erect suitable 
buildings thereon, procure and set up the necessary ma- 
chinery; to take, hold, convey, and mortgage real estate; 
to make and execute contracts, and, generally to do any 
and all acts necessary for the successful carrying on of a 
general manufacturing business. 

§ 4. All the corporate powers of said corporation shall ^j^c^tors '*°^' "^^ 
be vested in and exercise 1 by a board of directors and such 
officers and agents as said board shall appoint. The first 
board of directors shall consist of the persons herein named 
as incorporators ; and, thereafter, of not less than three nor 
more than seven stockholders, who shall be chosen each 
and every year by the stockholders, at such time and in 
such manner as the said corporation shall, by its by-laws, 
prescribe. The said directors shall hold their offices until 
their successors are elected and cjualified, and may till any 
vacancies which may happen in the board, by death, resig- 
nation or otherwise. They may, also, adopt such by-laws, 
rules and regulations fur the government of said corpora- 
tion and the management of its afiairs and business, as 
they may think proper, not inconsistent with the laws of 
this state. 

§ 5. This act shall be deemed a public act, and noticed 
by all courts as such, and shall take effect from and after 
its passage. 

Approved February 28, 1867. 



AX ACT to incorporate the Chicago Fibre and Paper Companv. In force March 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Thomas corporators. 
S. Dickerson, George B. Moss, Harrison B. Meech, J. N. 
"W. Sherman and William Hansbrough, and their associates, 
be and they are hereby created a body politic and corporate, 
by the style and name of "■'The Chicao-o Fibre and Fap.r Name and style. 
Company," with all the powers incident, necessary and 
useful to corporations ; and, as such, they are authorized to 
carry on the business of manufacturing fibre and paper Bua.-^ss. 



able. 



296 MANTJFACTUKIXG COMPANIES. 

from grass, straw or any other kind of paper stock, in the 
city of Chicago, county of Cook, and state of Illinois, and 
such other place or places as may be deemed necessary by 
them for the successful prosecution of their business. "The 

General office, general office of said company shall be in the city of Chi- 
cago, state of Illinois. 

Capital stock. § 2. The Capital of said company shall be five hun- 
dred thousand dollars ($500,000,) with power to increase 
the same to one million dollars ($1,000,000); to be sub- 
scribed and paid for in the manner prescribed by the by- 
laws to be formed by said company, and shall be divided 

Shares transfer- into sharcs of ouc tliousaud dollars ($1000) each, which 
shall be deemed personal property, and shall be transferable 
on the books of said company in such manner as its by-laws 
may prescribe. The business of the company shall be 
managed by a board of directors, the number of which shall 
be fixed by the stockholders at any annual meeting, to be 
held at such time as the corporators shall determine. 

By-laws. § 3. The stockholders may pass such by-laws for the 

management of the business of said corporation as they 
shall deem proper. 

§ 4. This act to be in force from the date of its passage. 
Approved March 1, 1867. 



In force Feb'y AN ACT to incorporate the Chicago Beater, Cotton and Hay Press Company 

Section 1 . Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly, That Aaron 
N. Hart, James H. Biggs and Ebenezer Higgins, their asso- 
ciates, successors and assigns, be and they are hereby con- 
stituted a body politic and corporate, by the name and style 
Corporate name of ''The Chicago Beater, Cotton and Hay Press Company ;" 
and powers. ^^^^ ^^y that name shall have perpetual succession, with pow- 
er to contract and be contracted with, sue and be sued, plead 
and be impleaded in all courts and places ; to adopt a com- 
mon seal, and alter the same at pleasure ; to adopt such 
by-laws, rules and regulations as they may deem expedient, 
and to have and exercise all other rights and powers neces- 
sary to carry out the provisions and intentions of this act. 
Capital stock. § 2. The Capital stock of said company shall be fifty 
thousand dollars, which may be increased, from time to 
time, at the pleasure of said company, not to exceed three 
hundred thousand dollars, and shall be divided into shares 
of one hundred dollars each, and be deemed personal prop- 
erty, and transferable on the books of the company in such 
manner and subject to such conditions, as may be provided 
for in the by-laws. 



MANUFACTUIimG COMPANIES. 297 

§ 3, Said company shall have power to cut, cure, press Business and 
and deal in hay, feed and other produce, and purchase and °p®'''^*'°'^'- 
dispose of the patent rights for and to manufacture the 
beaier, cotton and hay press, patented by James A. McGill- 
ivare, and all other agricultural implements and machinery; 
and, for the purpose of carrying on its operations, is hereby 
authorized and empowered to purchase lands, erect build- 
ings thereon, and set up the necessary machinery ; and to 
take, hold, improve, use, convey and mortgage real estate ; 
to make and execute contracts, and, generally to do all acts 
and things necessary for the successful prosecution of its 
said business. 

§ 4. All the corporate powers of said company shall be Directors and 
vested in and exercised by a board of directors, and such °®°""^- 
officers and agents as said board shall appoint. The first 
board of directors shall consist of said corporators, and 
thereafter of not less than three nor more than seven stock- 
holders, who shalljbe elected annually, at such time and in 
such manner as the by-laws shall prescribe, and shall hold 
their office until their successors are duly elected and quali- 
fied, and may fill any vacancies which may occur in their 
board, by death, resignation or otherwise. 

§ 5. The principal office of said company shall be in the Principal office, 
city of Chicago or in Du Page county. 

§ 6, This act shall be deemed and taken to be a public 
act, and sh?ll take effect and be in force from and after its 
passage. 

Approved February 28, 1867. 



AN ACT to incorporate the Hapgood Manufacturing Company. In force Feb'y 

Section 1. Be it enacted by the People of the State of 
Illinois, rej^resented in the General Asseinhly, That Charles 
H. TIapgood, William B. Young, George H. Laughton and 
Seth C. Hapgood, and their associates, successors and as- 
signs, be and they are hereby created a body corporate and Corporate name 
politic, by the name and style of "The Hapgood Manufac- ^" p°^^"- 
turing Company ; " and by that name shall have succession, 
a common seal, power to plead and be impleaded, to appoint 
all necessary officers, servants and assistants; and may have, 
enjoy and exercise all the powers necessary to carry out and 
execute the purposes and interests of a plow and agricultu- 
ral implement manufacturing company : Provided, that if Proviso, 
the corporation created by this act shall not organize within 
two years after the passage hereof, then this act shall be null 
and void. 



298 MANUFACTURING COMPANIES. 

Subscription to § 2. A majorltj of the corporators herein named may 
stock. proceed to open books for subscription to the capital stock 

of said company, and shall, at the same time, or thereafter, 
designate a time and place for the hrst election of directors 
of said company, by parties subscribing to the stock tliereof ; 
and each share of stock so subscribed shall be entitled to 
one vote. The general office of said company shall be in 
the city of Chicago, county of Cook, and state of Illinois. 
capicui stock. § 3 The capital stock of said company shall be tw^o hun- 
dred thousand dollars, with power to increase the same to 
one million dollars, to be subscribed and paid for in the 
manner which may be prescribed by the by-laws to be 
adopted by the said company, and shall be divided into shares 
of one hundred dollars each, which shall be deemed perso- 
nal property, and shall be transferable on the books of the 
said company in such manner as its by-laws may prescribe. 
Borrow money. § 4. The Said Corporation shall have power to borrow 
money, and may secure the payment of the same by deed 
of trust, mortgage or other security. 
Possession of § 5. It Shall be lawful for said corporation to purchase 
real estate, etc. ^^^ j^^j^ ^^^^^^ ^^^-^ cstatc Rs shall bo dccmod necessary for 
the successful prosecution of its business, and to sell and dis- 
pose of the same at discretion, and make, execute, acknowl- 
edge and deliver conveyances thereof. 
Directors. § 6. The atfairs of said corporation shall be managed 

by a board of directors, at least three in number. After the 
first election, as herein provided, the directors shall be elect- 
ed by the stockholders, at such time and place and in such 
manner as shall be established by the by-laws of said com- 
pany. The directors of said company shall be elected 
annually, but any failure or omission to elect directors shall 
in nowise impair or affect the rights and powers of the di- 
rectors holding over, or the rights or interests of the stock- 
holders or others interested. 
Bylaws, etc. § 7. The directors sliall have power to frame a body of 

by-laws for the election or appointment of all the officers 
and agents and the management of the business of said 
company, and to alter the same in the manner to be pro- 
Proviso, vided in said by-laws : Provided^ that the same shall contain 
nothing inconsistent with the laws or constitution of the 
state or the United States. 

§ 8. This act shall be deemed a public act, and be in 
force and efi'ect from and after its passage. 
Approved February 28, 1867. 



MANUFACTUKING COMPANIES. 299 



AN ACT to incorporate the National Brick Machine Company, of Buslanell. ^n ("'■°fj,p^*^'^''5' 

Section 1 . Be it enacted hy the People of the Hate of Illi- 
nois, represented in the General Assemhly, That Silas J. Spicer, 
George M. Shaffer, John Shaffer, Silas H. Hamilton, O. P. 
Shaffer, and their associates and successors, be and they are 
hereby created a body politic and corporate, under the corpo- Name and style 
rate name and style of " The National Brick Machine Com- 
pany of Bnshnell ;" and, under and by that name, shall con- 
tinue for thirty years, and have power to contract and be con- Powers. 
tracted with, sue and be sued, plead and be impleaded, 
within all courts of this state, and with full power to them- 
selves and their associates and successors to iea,se, use, oc- 
cupy, hold and transfer such real and personal estate in the 
state of Illinois as in their judgment may be necessary to 
carry into effect and enjoy and exercise all the powers and 
privileges granted by this act ; which business powers and Business 
privileges shall be the manufacture of S. H. Hamilton's p°^®'"°' '=*°- 
brick machines ; and this corporation shall have power to 
operate said manufacturing and charge such compensation 
therefor as they may deem just and proper ; and shall have 
power to purchase and own and use all such tools, engines 
and machinery as may be necessary in the construction or 
use of said machines. The general ofBce of said company 
shall be in the town of Bushnell, McDonough county, state 
of Illinois. 

§ 2. Said company may have and use a common seal, seai. 
and alter or break the same at pleasure, and may make By-iaws. 
such bydaws, rules and regulations as they may deem ne- 
cessary, for the use and proper management of the affairs 
of the same : Provided, that none of them shall be in con- Proviso. 
ffict with the constitution or laws of the United States or 
state of Illinois. 

§ 8. The company may be organized at any time after the organization. 
passage of this charter. The officers of the company shall 
consist of five or seven directors, as the company may think officers, 
best ; also, a president, vice president, treasurer, secretary, 
and cashier ; and the company may elect such other officers 
as the members thereof may think proper, at such times as 
they may designate; and all officers shall perform such du- 
ties and receive such compensation therefor, and serve for compensation. 
such length of time as the by-lav^s of the company may 
prescribe ; and said company may appoint such other per- 
son or persons as they may deem proper to manage any 
particular part of the business thereof. 

§ 4. The capital stock of said company shall be four capital stock, 
hundred thousand dollars, to be subscribed for and paid in 
such manner as the company, by its by-laws, may prescribe; 
and the bonds of the company may be issued in any de- 
nomination they may wish; and^ in demand form: Provided, Proviso, 



300 



MANUFACTURING COMPANIES. 



they always have national currency or its equivalent depos- 
ited with the treasurer to redeem them on presentation. 

Shares of stock. §5. The whole of said capital stock shall be divided 
into shares of one hundred dollars each, and each share to 
count a vote in the election of directors and other officers 
of the company. Said capital stock shall be personal estate, 
and transferable, by assignment, on the books of the com- 
pany ; which books shall at all times be open to the iuspec- 

• tion of all persons owning stock or having any interest in 

the affairs of the company. 

§ 6. ISTo stockholder shall be individually liable for any 
debt or demand against the company ; but the stock owned 
by any person shall be liable for the payment of any debt 
or demand against said company; but when the stock 
owned by any person shall be taken and applied the person 
or persons owning such stock shall not be further liable. 
§ 7. This act shall be in force from and after its 



Shareholders' 
liabilities. 



Approved February 28, 1867. 



In force March AN ACT to incorporate the Valley Iron Company. 

5, 18C7. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That William 

Corporators. P. Halliday, David J. Baker, jr., Alfred B. Safford, Daniel 
Ilurd and George D. Williamson, and their associates, suc- 
cessors and assigns, be and they are hereby created a body 

Name. politic and corporate, by the name of "The Yalley Iron 

Company ;" and, by such name, shall enjoy perpetual ex- 

Powers. istence and succession, with power to contract and be con- 

tracted with, to sue and be sued, and to plead and be im- 
pleaded as a natural person ; to take, hold, have and use 
property, real, personal and mixed, sufficient for the trans- 
action of their business, and to lease and sell and convey 
the same ; to make, have and use a common seal, and to 
alter, break and renew the same at pleasure ; to make by- 
laws, rules and regulations in respect to the management 
of their property and the transaction of their business, and 
also for the government of those in the service of said 
body corporate ; to employ or appoint agents, servants and 
others, and to transact all business with reference to the ob- 

Proviao. jccts of its Creation : Provided^ that no by-laws, rules or 

regulations shall be adopted in violation of the constitution 
of this state or of the United States. 

Cajiitai stock, § 2, The Capital stock of said corporation shall be two 
hundred thousand dollars, divided into shares of one hun- 
dred dollars each, which shall be deemed personal prop- 



MANDFACTUKING COMPANIES. 301 

ertj, and assignable in such manner as may be prescribed 
by the by-laws of the said corporation. The capital stock 
of said corporation may be increased to any amount not 
exceding two millions of dollars, by the vote of a majority 
of the directors. The office for business of said company ■ 
shall be in the city of Cairo, Illinois. 

§ 3. The object and business of said corporation shall objects an* 
be the manufacturing of iron and all the other metals and 
combination of metals now discovered and used, or here- 
after to be discovered. And in order to carry out the said 
object and to transact the said business, the said corporation 
shall have power to make iron rails for railroads, and to re- 
roll iron rails, to mine ror coal and iron and other ore, to 
manufacture iron castings of every size and description, 
and to carry on the fouudery business in all its various 
branches ; to manufacture plows, wagons and all other ag- 
ricultural implements; to purchase and hold steamboats 
and other vessels necessary for their business ; to erect 
mills, machine-shops and other buildings necessary to carry 
on the manufacture of iron and other metals ; and to do 
all things which are necessary to carry out the object and 
business of said corporation. 

§ 4. For the purpose of facilitating its business the said May borrow 
corporation is authorized to negotiate a loan or loans of ™°°^y- 
money, not exceeding in the aggregate two-thirds of the 
amount of its capital stock ; to issue bonds, under its cor- 
porate seal, therefor, and to secure the same by pledging 
its property, real, personal and mixed, and its rights, cred- 
its and franchises, for the payment thereof. 

§ 5. All the corporate powers of said corporation shall Directors. 
be vested in and exercised by the board of directors, to be 
elected as hereinafter provided, and such otiicers and agents 
as said board shall appoint. 

§ 6. Any three, or, in case of death of any one of theni, stock aubacrip- 
any two of the persons named in the first section of this *^°°- 
act, after giving five days' notice in a newspaper published 
in the city of Cairo, may open books for subscription to the 
capital stock of said corporation. As soon as said capital 
stock is subscribed the stockholders shall, w^ithout delay, 
elect of their number three directors, who shall elect one President. 
of their number president. The number of directors may 
be increased by by-law to five or more. The election, increase of di- 
qualification, and term of office of officers and agents of ^-^ctors. 
the corporation, shall be determined by by-law. 

§ 7. This act shall take eftect from the date of its pas- 
sage. 

Approved March 5, 1867. 



MANUFACTDEING COMPANIES. 



In force March AN ACT to incorporate the Home Manufacturing Company, of Jacksonville, 
•^ 1^«'- Illinois. 



Pieami.ie. ' "Whereas a coi'Doration, Under the iiamo of the "Ilotiie 

Manufacturing Company," has heretofore been organized 
under the provisions of an act entitled "An act to authorize 
the formation of a corporation for manufactui-ing, mining, 
mechanical or chemical purposes," approved February 18, 
1857, the object of which company is the manufacturing 
and .vending of woolen and cotton fabrics; now, therefore, 
to promote and facilitate the carrying on of the above speci- 
fied business, 

Section 1. Be it enacted by the Peoj)le of the State of 
Illinois, represented in the General Assembly, That William 
T. Eeekman, Marshall P. Ayers, Augustus E. Ayers, Ham- 
ilton M. Staiey, John Gordon, William Richardson, and 
George M. McConnell, be hereby declared a body politic 
x.ims and style and Corporate, under the name and style of "The Home 
Principal office Manufacturing Company," with their principal office in the 
Powers. town of Jacks'onville ; and, by that name, shall have perpet- 

ual succession ; shall be capable in law to contractand be con- 
tracted with, sue and be sued, implead and be impleaded in 
all courts of competent jurisdiction ; may borrow money, 
acquire and hold real estate or personal property, may have 
a common seal, and alter the same at pleasure ; and may 
alter, extend or enlarge their aforesaid business whenever 
they may elect so to do. 

§ 2. The affairs of said company will be managed by 
a board of seven directors, chosen by the stockholders of 
said company, four ot whom shall constitute a quorum for 
transacting business, w^ho shall hold their offices until their 
successors are chosen ; shall elect their own officers and fix 
the compensation of the same ; and shall have power to fill 
any vacancy occurring in this body, from death, resignation 
or otherwise ; and the directors now in office, under the or- 
ganization mentioned in the preamble to this act shall con- 
tinue in office until regularly superseded by the election 
of new directors ; w4iich election may be had at any meeting 
of the stockholders, where two-thirds of the capital is repre- 
sented ; and, in all such elections, as also in the decision of 
all questions arising before the stockholders or the board of 
directors, each person shall cast as many votes as he may 
own shares of the capital stock of said company. 

§ 3. The capital stock of said company shall be one 
hundred and fifty thousand dollars, divided into shares of 
five hundred dollars each, to be paid in at such times and 
in such sums as the said board of directors may direct; 
but said company may increase the same to any sum not 
exceeding three hundred thousand dollars, at any meeting 
of the stockholders of said company, at which all of the 



Powers of 

rcctprp. 



CupU.'il stock. 



MANUFACTUKING COMPANIES. 303 

then existing stock thereof shall be represented : Provided^ Proviso, 
that votes representing two-thirds of such then existing 
stock shall be cast in favor of such increase; and the stock 
certilicates heretofore issued by said company, nnder the 
organization mentioned in the preamble hereto, shall, in all 
respects, be deemed and taken to be valid and legal certifi- 
cates of ownership in the capital stock herein provided for 
until regularly canceled on the books of said company. 

§ 4. Said company may, at any time, engage in the Business, etc. 
manufacture and sale of any article or articles whatsoever ; 
may prosecute mining for coal, iron, or other substances ; 
engage in the transportation of any articles of their own or 
other's productions : Provided^ that nothing herein contain- Proriso. 
ed shall be so construed as to confer any banking privileges ; 
and the ooard of directors of said company shall have 
power to make and establish rules for calling meetings and 
for all purposes, under the provisions of this act: Provided^ Proviso, 
that in all respects, not herein provided for, said company 
shall be governed by the provisions of an act entitled "An 
act to authorize the formation of corporations for manufac- 
turing, mining, mechanical or chemical purposes," appro- 
ved, February 18, 1857. 

§ 5. This act shall take effect from and after its passage. 

Approved March 5. 1867. 



AN ACT to incorporate the Illinois Soap-Stone Stove Company. ^n force March 

5, 186". 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in tJie General Assemhly, That Joseph 
Atkinson, Hale Knight, Charles H. Atkinson, and their 
associates and successors, are hereby constituted a body 
politic and corporate, by the name and style of "The lUi- Corpora^te muae 
nois Soap-Stone Stove Company;" and, by that name, they ^° p^'''^"- 
and their successors shall, in law, be capable of suing and 
being sued, of pleading and being impleaded, in all courts 
and places whatsoever. The general office of said company General office, 
shall be in the city of Moline, Illinois. 

§ 2. Said company may own and possess real estate for Possession of 
the convenience of their business; may carry on, at Chi- '■^^'^^**^«- 
cago, or elsewhere, the manufacture and sale of soap-stone 
stoves, and any other articles made of soap-stone, and per- 
taining to their business, as they may require. 

§ 3. The management and direction of the affairs of Directors, 
said company shall be vested in a board of directors, to be 
elected by the stockholders. And said company are hereby 
authorized to establish any by-laws or regulations, and to By-laws, 
alter and amend the same, as shall be necessary to carry 



304: MANUFACTURING COMPANIES. 

out the provisions of this act: Provided^ the said bj-laws 
and regulations do not conflict with or be repugnant to the 
laws of this state or of the United States. 
Capital stock. g 4. The Capital stock of this company may be fifty 
thousand dollars, with the privilege of increasing to two 
hundred thousand dollars, and shall be divided into shares 
of fifty dollars each. 

§ 6. This act shall take eflect from and after its passage. 
Approved March 5, 1867. 



In force March 
6,. 1867, 



AN ACT to incorporate the Bureau County Concrete Company. 



Section 1. Be it enacted hy the Peojple of the State, of 
Illinois^ represented in the General Assembly, That Stephen 
G. Paddock, Isaac H. Elliott, George W. Stone, and Hart 
Rawson, their associates and successors, are hereby made 

^a°nTpo!vers."'^ ^'^^ Constituted a body corporate and politic, by the name 
and style of "The Bureau County Concrete Company ;" 
and, as such corporation, shall have perpetual succession ; 
may sue and be sued; have a common seal; make con- 
tracts ; and have and enjoy all the rights, privileges and im- 
munities and be subject to all the liabilities of a body cor- 
porate and politic, with power to purchase, hold and occupy 
so much real estate as they may deem necessary for the pur- 
poses of the said corporation.' 

Capital st:ck, § 2. The Capital stock of said company shall be ten 
thousand dollars, to be divided into shares of one hundred 
dollars each, to be deemed personal property, and transfera- 
ble as such on the books of the company, in the manner 
and subject to the restrictions provided in the by-laws. The 
capital stock may be increased from time to time, to an 
amount not exceeding in the aggregate the sum of twenty- 
five thousand dollars. In increasing the capital stock each 
share of stock shall entitle the holder thereof to one vote. 

Directors. § 3. The corporatc powers of said company shall be ex- 

ercised by a board of directors, not to exceed five in num- 
ber, to be elected at such time as the by-laws shall deter- 
mine. Each share of stock shall entitle the holder thereof 
to one vote in the election of directors. The directors may 
elect from their number such ofiicers as they shall deem 
proper,- and may prescribe their powers and duties; and 
they may appoint other ofiicers and agents. 

Business and § 4. The Said coinpany shall be authorized to engage in 
operations. ^^^ busiucss of manufacturing and selling concrete brick, 
building stone, cisterns, well curbing, chimneys, or other 
articles made of gravel, sand, lime, concrete or other materi- 
als or a combination of earthy matter, by any chemical pro- 



MANUFACTURING COMPANIES. 305 

cess ; and may sell and dispose of the same. They may 
erect houses of the materials manufactured by them, and, 
if desirable to erect cheap houses, they may hold, sell and 
dispose of so much real estate as they shall deem proper, 
or they may construct or erect houses and buildings of such 
materials and sell and dispose of the same, and may lay 
tile pipe for the purpose of draining wet lands, and may 
borrow money and pledge their property to secure the same 
by mortgage or otherwise. 

§ 5. This act shall be a public act, and take effect from 
and after its passage. 

Appkoved March 5, 1867. 



AN ACT to incorporate the Great "Western Agricultural Tool Company, in force March 

6, 1867. 

Section 1. Be it enacted hy the People of the State oj 
Illinois.) represented in the General Assembly, That Itiiael S. 
Richardson, James M, Morrison and Darwin N. Kelsey, and 
such other persons that may be associated with them for 
that purpose, are hereby made a body corporate and politic, 
by the name of "The Great Western Agricultural Tool corporate name 
Company," with perpetual succession ; and, by that name ^^^ powers, 
and style, shall be capable of receiving, possessing and hold- 
ing property, and conveying and transferring the same, so 
far as maybe necessary for the purposes hereinafter mention- 
ed ; and, in such corporate capacity, may sue and be sued, 
plead and be impleaded in all courts ; have a seal which they 
may make and alter at pleasure ; and have and exercise all 
the privileges which may be necessary to accomplish the 
objects of this act. The said Great Western Agricultural 
Tool Company shall have its principal office in the city of 
Chicago, and shall have power to locate shops or factories in 
any part of the state of Illinois, for the furtherance of their 
advancement in the manufacture of agricultural and other 
implements, always under the supervision of the board of 
directors. 

§ 2. All the corporate powers of said company shall be Directors, 
vested in the board of directors, to consist of not less than 
three nor more than seven in number, with such other offi- 
cers or agents as they shall from time to time appoint. The 
first board of directors ehall be Ithael S. Richardson, James 
M. Morrison and Darwin N. Kelsey, who shall hold their 
offices, until others are chosen and qualified in their places, 
at their annual meeting, which shall be holden on the first 
Tuesday of each year. It shall be lawful for two-thirds of 
the remaining directors to fill vacancies in that body at any vacancies. 
of their meetings; and officers so appointed shall hold their 
Vol, 11-20 



306 



MANUFACTURING COMPANIES. 



offices and be subject only to such clianges as those elected 
by the stockholders. 
Share vote. § 3. At all clcctions cach share of the capital stock of 

the company shall entitle the holder to one vote, which may 
be given in person or by proxy ; and ail elections shall be 
conducted by officers chosen by the stockholders. 
Rules-by-laws. § 4. Said Company shall have power to make all such 
rules, by-laws and regulations for their government, as, in 
Proviso. their judgment, is best suited to their interests: Provided, 

however, they shall not conflict with the laws of the United 
States or of the state of Illinois. 

g 5. The capital stock of said company shall be one 
hundred thousand dollars, divided into shares of one [hun- 
dred] dollars each, which said capital may be increased at 
the pleasure of the stockholders ; all which said stock shall 
be personal property. 

§ 6. Certificates of stock may be issued after the full 
capital of one hundred thousand dollars is subscribed and 
paid in to the company, and recorded in the manner and 
form authorized by the directors. 

§ 7. The directors of said company shall be authorized 
to make such dividends to the stockholders, to be paid on 
tlie first Tuesdays of April and October of each year, as, in 
tlieir judgment, the business of said company will warrant ; 
and said company are fully authorized to take such risks of 
insurance amongst their own stockholders, or otherwise, as 
shall be thought expedient by the bo;ird of directors. 

§ 8. This act shall be deemed a public act, and shall 
be in force from and after its passage. 

Approved March 6, 1867. 



Capital stock. 



Certificates 
stock. 



itockholdera' 
risks of insu- 
rance. 



In force March AN" ACT to incorporate the Excelsior Stove Worlis, of Quincv, Illinois. 
7, 1807 . 

Section 1. Be it enacted by the People of the State of 
Plinois, represented in the General Assembly^ That Samuel 
Wood, Joseph Eslerly and John C. Fisher, their associates 
and succesiors, heirs and assigns, be and they are hereby 

Name. created a body politic and corporate, by the name of "The 

Excelsior Stove Works of Quincy, Illinois," with perpetual 
succession ; and, by their corporate name, shall have the 
right to sue and be sued, plead and be impleaded, answer 
and be answered unto in all courts ; to make and to have 

Seal. a common seal, and the same to change, alter or renew at 

pleasure. 

Corporate g 2. The Said Corporation shall have the right to con- 

powers. x^YSidi and be contracted with the same as a natural person, 

and may make all such by-laws, rules and regulations for 



MANUFACTURING COMPANIES. 307 

the regulation and government of said association, its mem- 
bers and officers, as they shall see proper, and alter, change 
and add to the same at pleasure : Provided, such by-laws, Proviso, 
rules and regulations are not inconsistent with the constitu- 
tion of the United Slates or of this state. The general Pi'-^^e of business 
place of business of said company shall be at the city of 
Quincy, in the state of Illinois. 

§ 3." The capital stock of said corporation shall not ex- capital stock, 
ceed one hundred thousand dollars, and shall be divided 
into shares of one hundred dollars each ; and the persons 
named in the first section of this act, may, at such time and 
place as they see proper, open books for subscription to the subscription. 
capital stock of said corporation and receive subscriptions 
thereto. The amounts subscribed shall be paid into the 
treasury of said corporation in five equal installments, as 
follows : on the first of March, April, May, June and July, 
A. D. 1867, or at such other times as may be determined by 
vote of a majority of the stockholders in said corporation. 
Each stockholder shall be entitled to one vote only : Pro- Proviso. 
vided^ hov:evei\ no stockholder shall be entitled to a vote 
who holds less than ten shares of stock in said corporation 
paid up. 

§ 4. The stockholders in said corporation may elect a President, 
president and such other officers as they see proper, who, 
when elected, shall hold their offices for one year and until 
their successors are elected and qualified. 

§ 5. No person or persons holding or owning stock in stock— transfer 
said corporation shall se I, assign or transfer the same until ^^ ^^^^ ' 
after he or they have first given written notice of their wish 
so to do, at a regular or special meeting of the stockholders 
of said corporation, held under and in pursuance of the by- 
laws thereof; nor shall tliey sell, assign or transfer the same 
or any part thereof within five years from the passage of 
this act, without the consent of a majority of the stockholders 
of said corporation. 

§ 6. A majority vote of the stockholders in said corpora- Quorum, 
tion shall be required for the transaction of any business of 
importance. The majority of such stockholders shall form 
a quorum for the transaction of the business of said corpora- 
tion. 

S 7. If any stockholder in said corporation shall be Mai-conduct- 

• 1^ (. ^ . ,. . 1 , . ^ „ . 1 penalty for. 

guilty of conduct prejudicial to the interests of said corpo- 
ration, the same mav be inquired into by the other stock- 
holders, at any regular or special meeting held under the 
by-laws of said corporation ; and a majority of such stock- 
» holders may deprive the offending party of a vote as such 
stockholder for such period as they see fit. 

§ 8. A dividend of the profits arising from the business Dividends. 
of said corporation shall be divided among the stockholders 
thereof in such manner as shall be fixed by the by-laws of 
said corporation. 



308 



Appraisements. 



Business ano 
operations. 



MANUFACTTJUmG COMPANIES. 

§ 9. In case of the death of any person owning shares 
or stock in said corporation, the appraisers appointed by the 
proper court to appraise the personal property of fcuch de- 
ceased shall appraise such shares or stock, and the remaining 
stockholders in said corporation may purchase such shares 
or stock so appraised by paying therefor the amount of such 
appraisement at any time within thirty days after such bill 
of appraisement shall have been tiled in the proper office, 
if they see proper so to do ; and such stock shall not be sold 
until so appraised. 

§ 10. The business of said corporation shall be the manu- 
facture and sale of castings. And said corporation may 
manufacture and sell castings of every sort and description 
the same as a private person might ; and to aid therein, said 
corporation may lease, purchase, acquire, hold and convey 
all real estate necessary for such purposes, and erect and 
maintain thereon all necessary and proper buildings, sheds 
and other appurtenances usual in the manufacture and sale 
of such castings. 

§ 11. This act shall be and is hereby declared a public 
act, and shall take effect and be in force from and after its 



passage. 

Appkoved March 7, 



1867. 



In force March AN ACT to incorporate the Chicago Soap and Candle Manufacturing 
6) 1^67. Company. 

' Section 1. Be it enacted hy the People of the State oj 

[IUi?iois], repreienttd in the General Assemhly^ That Robert 

Corporators. Forsjth, William A. Butters, Blenry Fuller, Wilson E. 
Connor. Robert R. Ball, Henry K. Elkins, John A. Elison, 
C. B. Mathews, W. O. Walker, W. H. Butters, and such 
other persons as may associate with them for that purpose, 
are hereby constituted a body politic and corporate, by the 

Name and style, name and style of "The Chicago Soap and Candle Manu- 
facturing Company ;" and, by that name and style, they 
and their successors and assigns shall have perpetual suc- 
cession, and shall be capable of suing and being sued, im- 

Powers. pleading and being impleaded, defending and being de- 

fended against in all courts of law and equity, the same 
and in like manner and as fully as natural persons ; may 
make and use a common seal, and alter and change the 
same at pleasure; may make contracts and be contractecf 
with ; and shall also have power to purchase and hold any 
real or personal estate necessary to promote the objects and 
interests of said corporation, and of selling and disposing 
of [the] same. The business of said incorporation being 



MANUEACTURmG COMPANIES. 309 

for the manufacture and traffic of soap and candles, as in 
the caption hereof. 

§ 2. The capital stock of said corporation shall be three Capital stock, 
hundred thousand dollars, which shall be divided into shares 
of tifty dollars each, and may be increased at any time, by 
a vote of a majority of the stockholders of said corporation, 
to. a sum not exceeding one million dollars; and the stock 
of said corporation shall be subscribed for and taken under 
the direction of the board of directors of said corporation 
at the time and in the manner prescribed by them ; and all 
shares of said corporation shall be deemed and considered 
as personal property, and transferable by assignment in the 
manner and way prescribed by the by-laws of said cor- 
poration,. 

§ 3. The said corporation shall have power to procure Loan of money, 
the loan of money on any property belonging to said cor- 
poration, 

§ 4, The said corporation above named shall have power stock subscrip- 
to open books and receive subscriptions to the stock of said "°'^" 
corporation ; and all moneys and property held and owned 
by said corporation shall be held, vested and owned in the 
name of such corporation, and not othersvise. 

§ 5. The afiairs of said corporation shall be managed by Directors. 
a board of directors, to be chosen annually by the stock- 
holders from among themselves, on the first Monday of 
February in each and every year; and Robert Forsyth, 
William A, Butters, Henry Fuller, Henry R. Elkins and 
Robert R, Ball, corporators herein named, shall act as di- First bonvd. 
rectors until an election is held, as above provided ; and in 
case of a failure to elect directors at the time above named 
an election may be held at any time thereafter, by first 
giving fifteen days' notice thereof to each stockholder per- 
sonally, or sent to him through the post office, and mailed 
at least fifteen days prior to election, or by a notice thereof 
in a newspaper printed in Chicago, 

§ 6, Said corporation shall have power to make, ordain By-iaws, etc. 
and establish all such by-laws, rules and regulations as may 
be deemed expedient and necessary for the successful prose- 
cution of its business and the management of its afiairs and 
stock of said company. 

§ 7. This act shall be deemed a public act, and shall 
take effect and be in force from and after its 

Approved March 6, 1867. 



310 MANUFACTURING COMPANIES. 



Id lorce March AN ACT to incorporate -the Illinois Manufaeturin"; Coiupaiiv. 

7, 1867. '■ o I J 

Section 1. Be it enacted by the Peojple of tlie State of 

Corporators. IlUnois, represented in the General Assembly^ That John Gr, 
Osborne, G-. M. Bogue and Charles H. Machin, their asso- 
ciates and successors, are hereby created a body corporate 

.Namoand style and politic, bv the name and style of "The Illinois Manu- 
facturing Company ;" and by that name shall have per- 
petual succession, may sue and be sued, contract and be 
contracted with, have a common seal, may make by laws, 
and own so much real estate as shall be necessary to carry 
on their business. 

Capital stock. § 2. The Capital stock of said company shall be one 
hundred thousand dollars, but the same may be increased, 
from time to time, by the stockholders, to an amount not 
exceeding three hundred thousand dollars, when in their 
judgment the business of said company requires. Such 
capital stock shall be divided into shares of one hundred 
dollars each, to be deemed personal propert}^ and trans- 
ferable as such on the books of the company, in the man- 
ner provided by the by-laws. And the directors may de- 
clare forfeited any share on which there remains due and 
unpaid any installment for the period of sixty days. 

Pirectors. § 3. The Said company shall elect, annually, live direc- 

tors, at such time as the by-laws shall prescribe, who shall 
have the general management of the affairs of the com- 
pany ; and the directors may elect other officers and agents, 
and prescribe their duties. 

Business and § 4. Said cotupauy are authorized to engage in the busi- 
ness 01 manuiacturing locomotives and railroad lurniture 
and equipments, castings and articles made of wood, metals 
or of either alone, agricultural or household implements or 
other articles ; and may erect one or more houses for their 
business, and employ machinery of all kinds in and about 
the same, and may own [and] occupy so much real estate 
or personal property as shall be deemed necessary to carry 
on their business. They may establish depots for the sale 
of their property, and may sell manufactured articles in 
connection with their business for other parties on commis- 
sion. The principal office of said company shall be in 
Chicago. 

§ 5. Said compau}^ may borrow money, at legal rates of 
interest, and pledge their property to secure the same, by 
mortgage or otherwise. 

§ 6. This act shall be deemed a public act, and take 
effect from and after its passnge. 
Appkoved March 7, 1807. 



traiisaetious. 



MAIJUFACTUKING COMPANIES. 311 



AN ACT to amend an act entitled " An act to incorporate the Starved In force May 
Rock Manufacturing Company," approved February 16, 1857. '' ■'*^^- 

Section 1. Be it enacted by the People of the State of 
Illinois^ reyresented in the General Assembly^ That all pow- powers, etc. re- 
ers, privileges and immunities mentioned in said act, to vivedandcon- 
whicii tills is an amendment, are hereby revived and con- 
tinued in force. 

§ 2. That section 9 of the act to which this is an amend- Sec. 9 repealed, 
ment is hereby repealed, and the company shall have three 
years within which to commence the construction of the Time for com- 
dam, and ten years to com,plete the same, from the date of pietion, 
this act. 

Approved March 7, 1867. ' 



AN ACT to incorporate the Union Screw and Bolt Companv. in force March 

7, 1867. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That T. Pros- 
ser, George W. Gillett, Darius H. Wells, IJaniel A, Kim- 
bark, and John A. Eastman, and their associates and suc- 
cessors, be and they are hereby created a body politic and 
corporate, under the name of "The Union Screw and Bolt corporate name 
Company;" and, by that name, to remain in perpetual *"'* powers, 
succession, with power to contract and be contracted with, 
to sue and be sued, to answer and be answered unto, in all 
courts and places whatsoever; to acquire, hold and convey 
property, real, personal and mixed; to have and use a 
common seal, and alter the same at pleasure; to make and 
alter by-laws for the government of the corporation, its 
officers, agents and servants. 

§ 2. The said corporation shall have power to manufac- Business and 
tare all kinds of wood sci-ews, carriage bolts and springs, "*'^'""" 
lug bolts, machine bolts and nuts, and all other screws and 
bolts, and the machinery therefor, and the iron and steel 
necessary for the same; and to erect machine shops and 
other buildings necessai-y for the successful prosecution of 
such business. 

§ 3. The capital stock of said corporation shall be not capital stock, 
less than one hundred thousand dollars, and shall not exceed 
one million dollars, to be divided into shares not exceeding 
one thousand dollars each. 

§ 4. The persons named in the first section of this act, subscription to 
or a majority of them, may ctiiise books to be opened for ^^^^^ 
the subscription of the capital stock of said company ; and- 



312 



MANUFACTUKING COMPANIES. 



Election of 
directors. 



Term of office. 



after fifty thousand dollars shall have been subscribed an 
election may be held for five directors; and each share of 
the capital stock shall be entitled to one vote in all elections 
for ofhcers. 

§ 5. The directors shall hold their office for one year 
and until their successors are elected and qualified, and 
shall have the management of all the business of said cor- 

Officers. poration ; they shall choose from their number a president, 

and shall appoint a secretary and general superintendent, 
who shall be sworn to a faithful discharge of their duties, 
and a treasurer, who shall give bond for the faithful dis- 
charge of his duties, in such sum as the directors may 
require. 

Registry books. § 6. The compauy shall at all times keep proper books 
of accounts, in which shall be registered all the business 
transactions of the corporation, and the same shall at all 
times be open to the inspection of the stockholders. It 

Dividends. shall be the duty of the directors to make annual dividends; 
and, whenever required by a majority of the stockholders, 

statements. shall exhibit, at a general meeting, a full and perfect state- 
ment of the debts and credits of the company, and all such 
other matters as may be deemed essential in relation to the 
affairs of the company. 

§ 7. This act shall be deemed a public act, and shall be 
in force from and after its passage. 
Approved March 7, 1 867. 



In force March AN ACT to incorporate the Ottawa Cotton Manufacturing Company, 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly^ That B, F. 

Corporators. Shotwcll, I). F. Camerou, T. Claney, W. Enshnell, George 
Avery, R. V. Waterman and Julius Avery, and their suc- 
cessors, be and they are hereby created and constituted a 
body corporate and politic, under the name and style of 

Name and stj-ie "The Ottawa Cottou Manufacturing Company;" and, by 
such name, shall have perpetual succession, with power to 
sue and be sued, and all the powers and authority incident 
to corporations, for the purposes hereinafter mentioned. 

Capital stock. § 2. The Capital of said corporation shall be one hun- 
dred thousand dollars, and may be increased, from time to 
time, at the pleasure of the said corporation. It shall be 
divided into shares of one hundred dollars each, and may 
be issued and transferred in such manner and upon such 
conditions as the board of directors may direct. 

Powers, etc. § 3. The said corporation, for the purpose of carrying on 

' its operations and promoting the establishing of cotton or 



MANUFACTUKING COMPANIES. 313 

woolen manufactories, is hereby authorized and empowered 
to purchase lands, erect suitable buildings thereon, procure 
and set up the necessary machinery ; to take, hold, mort- 
gage and convey real estate ; to make and execute contracts, 
and, generally, to do any and all acts necessary for the 
successful carrying on of a general manufacturing business. 

§ L All the corporate powers of said corporation shall *'j^°J|''°^fi.3* 
be vested in and exercised b>' a board of directors and such 
officers and agents as said board shall appoint. The first 
board of directors shall consist of said named persons, and, 
thereafter, of not less than three nor more than seven stock- 
holders, who shall be chosen each and every year by the 
stockholders, at such time and in such manner as the said 
corporation shall by its by-laws prescribe. The said direc- 
tors shall hold their ofiice until their successors are elected 
and qualified, and may fill any vacancies which may happen 
in the board, by death, resignation or otherwise; they may, 
also, adopt such by-laws, rules and regulations, for the gov- 
ernment of said corporation and the management of its 
afi'airs and business, as they may think proper, not incon- 
sistent with the laws of this state. 

§ 5. This act shall be deemed a public act, and noticed 
by all courts as such, and shall take effect from and after its 
passage. 

Appkoved March 7. 1867. 



AN ACT to incorporate the Cook County Cement Tile Drain Company. in force March 

7, 1867. 

Section 1. Be it enacted hy the Feojjle of the State of 
Illinois, represented hi the General Assembly, That Paul corporators. 
Cornell, George, W. Waite, S. M. Fassett, M. R. Pierce and 
Charles A. Norton, and their associates and assigns, be and 
they are hereby constituted a body politic and corporate, 
by the name and style of " The Cook County Cement Tile Name and style 
Drain Company;" and, by that name, shall have perpetual 
succession, with power to contract and be contracted with, corporate 
sue and be sued, plead and be impleaded, in all courts and p"'^®"" 
places ; to adopt a common seal, and alter the same at plea- 
sure; to adopt such by-laws, rules and regulations as they 
may deem expedient ; and to have and exercise all other 
rights and powers necessary to carry out the powers, pro- 
visions and intentions of this act. 

§ 2. Said company, when organized, shall have power Business trans- 
to manufacture cement drain and tile pipes, for underground oSrauons. '"''^ 
drainage, tor chimneys, well and well curbs, and cement 
blocks, or bricks, and all other materials that can be manu- 
factured out of cement, clay, gravel, sand or other materials, , 



314 



MANUFACTURING COMPANIES. 



Capital stock. 



and to construct, excavate, lay, sell and dispose of the same, 
in such manner as they may desire ; and may own and 
dispose of so much real estate as they may deem necessary 
for their business ; and may drain the same with cement 
tile, and erect thereon houses constructed of cement bricks 
or other materials mannfactured by them, and iiiay orna- 
ment and improve their said real estate for cheap and com- 
fortable homes, and do all necessary acts to benetit and im- 
prove their real estate, by and with the use and application 
of cement brick or other materials manufactured by them. 

§ 3. The capital stock of said company shall be twenty- 
five thousand dollars, to be divided into shares of fifty dol- 
lars each, to be deemed personal property, and transferable 
as such on the books of the company, in the manner and 
subject to the conditions provided by the by-laws, and paid 
in in the manner and in the installments required by the 
directors. The capital s'ock may be increased, by a vote 
of the stockholders, from time to time, to any amount that 
may be deemed necessary in carrying on said business, not 
exceeding in the aggregate one hundred thousand dollars. 
Share votes. E^ch sharc of stocls: shall entitle the holder thereof to one 
vote in the election of directors and to increase the capital 
Forfeitures. stock. The dircctors maj* declare forfeited any share of 
stock on which remains due and unpaid any installment 
Principal office, thcrcon for the space of thirty days. The principal office 
of said compan}'- shall be in Chicago, Illinois. 

§ 4. All the corporate powers of said company shall be 
vested in and exercised by a board of directors and such 
otiicers and agents as said board shall appoint. The first 
board uf ditectors shall consist of the above named corpo- 
rators, and, thereafter, of five stockholders, to be chosen 
aimually, at such time and in such manner as the by-laws 
shall prescribe, and shall hold their olfice until their suc- 
cessors are elected and qualified, and may fill any vacancy 
which may happen in tlie board, by death, resignation or 
otherwise. 

§ 5, This act shall be deemed a public act, and be in 
force from and after its passage. 

ArpjROVED March 7, 18G7. 



Directors. 



In force May AN ACT to incorporate the Spading, Pulverizing and Seeding Machine 
■^^ ^'^^'^ Company. 



Section 1. Be it enacted by the Peoijle of the State of 

lllinois.representedinthe General Assembly^ That Matthew 

Corporators. Laughlin, Lorcpzo Brentano, Gustavus E. JBuscheck, J. C. 

Dore, C. D. Elms, George W. Bonham, Elam L. Knott, 



MANUFACTURING COMPANIES. 315 

A. C. Hesing and A. S. Poston, and all other persons who 
shall hereafter associate with them, in the manner herein- 
after prescribed, shall b(f a body politic and corporate, by Powers. 
the name and style of "The Spading, Pulverizing and Seed- 
ing Machine Company;" and, henceforth, shall be known 
and styled by said name, and shall have perpetual succes- 
sion ; and, under such name and style, may contract and 
be contracted with, sue and be sued, plead and be impleaded, 
in all courts and places where legal proceedings are had; to 
have and use a common seal, and change the same at plea- 
sure ; and to have and exercise all the powers, privileges 
and immunities necessary to carry into effect the objects of 
this act. 

§ 2. The officers of said corporation shall consist of nine officers. 
directors, who shall have the management and control of 
the affairs of said corporation, and shall be elected annually 
by the stookholders of said company. Said directors may 
appoint a president, secretary, treasurer and such other 
officers as may be necessary — to hold their office for one 
year. The persons named in the first section of this act 
shall be and constitute the directors of said company until 
their successors in office shall be elected. 

§ 3. The capital stock of said company shall consist of capital stock, 
five hundred thousand dollars, which shall be divided into 
shares of one hundred dollars each — each share entitling 
the holder to one vote in all meetings of its stockholders. 
Said stock thall be considered personal property, and shall 
be transferable in such manner as the company shall direct. 

§ 4. Said company are hereby authorized to open books ^^9^^^ sui.s.jrip- 
aud receive subscription of stoct ; and all such subscrip- 
tions are declared valid, and to be paid at such times and 
in such installments as said directors may require and order, 
and if not so paid may be collected by process of law. 

§ 5. Said company, or the directors thereof, shall have By-iaw.s, etc. 
power to pass all necessary by-laws and rules for the man- 
agement of said company and all matters connected with 
its operations, not inconsistent with the constitution and laws 
of the United States, and the same to repeal or alter at 
pleasure. 

§ 6. Said company is authorized to purchase and hold PosHe.<s;.)n of 
all real estate that may be necessary to erect buildings for 
the making, storing and seUing the spading, pulverizing 
and seeding machines mentioned in the foregoing sections, 
and for which a patent has issued to G. W. Bonham, the 
same being described in said patent as "An Improved Pul- 
verizer and Seed Sower;" and they may sell and dispose 
of said real estate, when they choose to do so, and may 
purchase other property suitable for their said purposes. 

Appkoved March 7. 1867. 



316 MANUFACTURING COMPANIES. 

^" ^T°1867^'*^^^ ^^ ^^^ ^'^ incorporate the Globe Manufacturing Company. 

Section 1. J3e it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Peter 
H. Willard, Merrill Ladd, Chas. B. Holmes, Amos T. Hall, 
Charles Gill, Leonard Swett, William E. Kolls, Geo. M. 
Wheeler, William V. Kay, W. K. Nixon, A. D. Titsworth, 
Isaac C. Day, C. C. P. Holden and their associates, are 
hereby created a body politic and corporate, under the 

^anS^'owJJs"'^ name and style of "The Globe Manufacturing Company;" 
and, as such, shall have perpetual succession; and, by that 
name, shall be and are hereby made capable in law and 
equity to sue and be sued, plead and be impleaded, defend and 
be defended, in all courts of law or equity in this state or 
elsewhere; to make, have and use a common seal, and alter 
and renew the same at pleasure ; and are hereby vested 
with all the powers, privileges and immunities which are or 
may be necessary to carry into effect the purposes and 
objects of this act. 

Capital stock. g g. The Capital stock of this company shall be two 
i hundred thousand dollars, the same to be divided into shares 

of one hundred dollars each, with privilege of increasing 
the same to any amount not exceeding five hundred, thou- 
sand dollars. 

Possession ot § 3. Tlic Said compauy shall havc the powcr to purchasc, 
piopei V, e c. g^ii ^^^ \\o\^ sucli real or personal estate as may be neces- 
sary or desirable to efiect the object of their association ; 
also, to make, establish, put in execution, and maintain such 

By-laws, etc. by-laws, ordinances or resolutions, not being at variance 
with the laws of this state or the United States, as may 
seem necessary or convenient for the regulation and man- 
agement of their afi'airs ; and do and execute all such acts 
and things as may be requisite to carry into effect the pur- 
poses iotended in this act. 

^Jpira^tion?.^'^'^ § *• "^'^^^ Company shall have full power and authority 
to locate, build and operate a manufactory, either by water 
power or steam, or both, as may be necessary or desirable, 
upon the bank of Fox river, within the limits of Kane 
county, for the purpose of manufacturing implements, 
tools, trimmings, or wares, either of metal, wood, paper, 
or leather, and to keep the same on hand, or sell and dis- 

Proviso. pose of the same at pleasure : Provided, that nothing in 

this section shall be so construed as to condemn land for the 
benefit of said corporation. 

Authority to be § 5. Said Corporation shall have full power and authority 
insured. ^^ causc themselvcs to be insured, in whole or in part, upon 

any property belonging to them, held in trust, or on com- 
mission, or in which they may in any way be interested ; 
also, to loan their surplus or unemployed capital or money, 
on personal, real or other securities, at such rates of interest 



cers. 



tions. 



MANUFACTURING COMPANIES. 31 Y 

as may be done under the existing laws of this state, or in- 
vest the same in stocks. 

§ 6. The incorporators liereinbefore named, or any five subscriDtion. 
of them, are hereby authorized to open books of subscrip- 
tion to the capital stock of said compan}^, which shall con- 
tinue open until at least one hundred thousand dollars shall 
have been subscribed thereto, when said subscribers shall 
meet after three days' notice of such meeting shall have 
been consecutively published in some daily paper pub- 
lished in the city of Chicago, and, under the direction of 
three of the incorporators herein named, elect a board of 
nine directors, to serve until their successors shall have been 
properly elected. 

§ 7. The board of directors above provided shall imme- Election of offi- 
diately convene and elect a president, vice president, secre- 
tary and treasurer, who shall hold their offices for one year 
or until their successors shall have been chosen at the next 
regular election of directors. 

§ 8. The election of a board of directors and of officers Eiecti 
of this company shall be held annually, after the first, on 
the second Monday in January of each and every year, at 
the office of the secretary of said company — such officer 
giving at least one week's notice of the same by publication. 

§ y. The board of directors shall have control of the Payment of 
payment of the capital stock hereto subscribed, and demand ^^°^^' 
and collect the same in such amounts or installments as they 
may require for buildings, improvements, machinery, repairs, 
m&terial, labor, or for the furtherance in any way of the in- 
terests or objects of this association, and shall have power 
to declare and order paid, as dividends to stockholders, 
their equitable interest in the net profits of the business of 
said corporation. 

§10. Upon the election of officers, as hereinbefore pro- organization. 
vided, and the adoption of their by-laws, ordinances or reso- 
lutions, providing for the management of their business, 
this company shall be deemed as having organized under 
the provisions of this act. 

§ 11. The board of directors of this company may be increasp. of di- 
increased, at any regular election, to any number not ex- ^^'^^°^^- 
ceeding twenty-one ; and any member shall be allowed to 
vote at such meetings by proxy or in person. The form of 
proxy and the authentication required shall be specified in 
the by-laws of said company. 

§ 12. The stock of said company shall be regarded as stock transfer- 
personal property, and shall be assignable and transferable 
according to such rules and restrictions as the board of di- 
rectors sliall from time to time, determine. 

§ 13. Suits at law may be maintained by said company suits at law. 
against any of its members, for the collection of stock or 
assessments thereon, or for any other cause relating to the 
business of said company ; and suits at law may also be 



318 MANUFACTURING COMPANIES. 

prosecuted and maintained by any member against said 
company. In suits against any of its members, tor the col- 
lection of stock or assessments thereon, the certificate, under 
seal, of the secretary of said company, stating the amount 
of said assessment and that the same remains due and un- 
paid, shall be taken and received as priina f icie evidence 
in all courts and places whatsoever, 
ritoekhoiders' § U^- ^0 stockholdcr of the corporation hereby created 
iiMbiiities. g]jall be liable, in his individual capacity, for any debt or 
liability of said company beyond tlie amount of stock by 
him subscribed or held. 
Construction of § 15. This act shall be deemed a public act, shall be 
"='• liberally construed for the purposes herein set forth, and 

be and continue in force from and after its passage. 
Approved March 7, J 867. 



Jn force March AN ACT to incorporate the Dexter Manufacturing and Mercantile Com- 
3, iftt.T. pany, of Quincy. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Mrs. 

co,-pr>rator? Ellcu Dcxtcr, Gcorge W. Dexter, David T. Josselyn, 
Joseph C. Scroggs, William Charles, Joseph Sibley, Thomas 
Payne, George Y. Rutherford, Calvin A. Warren, Alexan- 
der E. Wheat, Frederick llearick, and Hiram Byington, 
their associates and successors, and all such persons as shall 
become stockholders in the corporation hereby created, 
shall be a body politic and corporate, by the name and 

N»!..e:ina style Style of "The Dexter Manufacturing and Mercantile Com- 
pany, of Quincy ;" and shall have perpetual succession ; 
may have a common seal, and alter the same at pleasure ; 
and, by the corporate name aforesaid, may contract and be 

corporate pow- Contracted with, sue and be sued, implead and be impleaded, 

*■"'• and acquire, hold and transfer and convey property, real 

and personal, and choses in action and patents and patent 

rights, in the same way that natural persons by law may do. 

<'up!f!ii stock. § 2. The capital stock of said company shall be one 
hundred thousand dollars, to be subscribed and paid for in 
the manner hereafter provided, and shall be divided into 
shares of two hundred and fifty dollars each, which shall be 
transferable on the books of the company in such manner 
as the company may by its by-laws direct. 

sakiseription to § 3, The Said named corporators, and each and any o 
*""*' them, are hereby appointed commissioners to receive sub- 

scriptions for stock in said company, and shall open proper 
'books for that purpose in the city of Quincy, Illinois, within 
ninety days after the passage of this act. Every subscriber 



MANUFACTUKING COMPANIES. 319 

for such stock shall pay to said commissioners, or to such of organization 
them as may officiate as sucb, twenty-live per cent, upon ^°^ operation. 
the amount of his or her subscription, at the time of said 
subscription ; and, when the amount actually paid in shall 
amount to the sum of twelve thousand five hundred dollars, 
includir.g the amount actually paid out in money by or for 
the said Mrs. Ellen Dexter, for the procuration of a certain 
patent right, issued out of the patent office of the United 
States to her on and dated June 5, a. d., 1866, for the 
manufacture and sale of an instrument known and desig- 
nated as Mrs. Ellen Dexter's Abdomino- Uterine Supporter, 
and for the machinery and stock and expenses incurred and 
paid out for and by her in the development and manufac- 
ture of the instrument so patented to her, which said amount 
may be ascertained and established by the affidavits of any 
of the parties making such payments or knowing of the » 
same having been made, or in manner satisfactory to said 
commissioners or to such of them as may officiate in the 
matter as such, the said company shall go into operation, 
and shall organize by the election of a president, secretary, 
and treasurer, who shall collectively constitute a board of 
directors of said company, and shall manage and control 
the business thereof, subject, however, to such by-laws as 
may be passed in conformity with this act. 

§ 4. At the election of said board of directors, each ^jf^'-eSors. **^ 
stockholder shall cast as many votes as he or she holds 
shares of the capital stock of said company ; and a plurality 
shall elect. The board of directors shall be elected annually, 
at a meeting of the stockholders to be called by the presi- 
dent, of which meeting seasonable notice shall l3e given to 
the stockholders. 

§ 5. The board of directors shall determine the manner Payment «« 
and time of payments to be made upon the stock subscribed ^''°'^^" 
upon the bjoks of said commissioners ; and the shares of 
stock which shall not be taken at or before the organization 
of said company shall be the property of the company, to 
be disposed of as the corporation may by by-laws direct. 

§ 6. The object and business of said company shall be object and bu»j- 
the manufacture and sale of abdomino-uterine supporters, 
for use of males and females, and all or any kind of articles 
patented, for which the patent right may be obtained, as 
also all other articles for surgical or domestic and ordinary 
use which the said Ellen Dexter now has or may hereafter 
acquire the right to manufacture and sell ; and for these 
purposes it may use and exercise all and singular the cor- 
porate powers conferred upon it by section lirst of this act, 
said Ellen Dexter consenting thereto. 

§ 7. The stockholders at their annual and special meet- Byia'^s- 
ings, may adopt any and all by-laws and regulations con- 
cerning the business of said company and the disposal of 
its funds and property, not inconsistent with this act and 



320 MANUFACTUETNG COMPANIES. 

the laws of this state ; which by-laws and regulations shall 
be obligatory upon he board of directors, officers and mem- 
bers of said company; and certified copies of the minutes, 
bylaws and records of said company, with or without the 
corporate seal of said company attached, shall become as 
jpima facie evidence of the facts therein appearing in all 
courts. 

§ 8. Special meetings of the stockholders may be called 
at any time by the president or any two directors, but no 
business shall be transacted at any such special meeting 
unless a majority of the shares subscribed be therein repre- 
sented. 

§ 9. At all meetings of the company stockholders may 
vote by proxy, and shall, in all cases, cast as many votes as 
they respectively hold shares of the capital stock of said 
compan3^ 

§ 10, This act shall take effect from its passage. 

Approved March 8, 1867. 



In force March AN ACT to incorporate the United States Wine Company, of Nauvoo. 
8, 18€7, 

Section 1. Be it enacted hy the People of the State of 
Illinois, rep/esented in the General Ameinbly, That John 
Bauer, Frederick Baum, August Berger, Edwin Wasser- 
zieher and Andrie Burtin, and their associates, successors 
and assigns, be and are hereby created a body politic and 
Corporate name Corporate, uudcr the name and style of "The United States 
and powers. ^Yi^e Company, of Nauvoo ;" and, under and by that name 
and style, they and their successors shall have power to 
contract and be contracted with, to sue and be sued in all 
courts and places whatsoever ; may have a common seal, 
and may break or alter the same at pleasure ; may make 
such by-laws, rules and regulations as they may deem neces- 
sary for the government and management of their business 
as a company. 
PossessioB of § 2. The said company may purchase and hold such 
real estate, etc ^^^ estate as may be necessary for their business purposes, 
and erect such buildings thereon as may be necessary to the 
purposes herein contemplated, and may adopt a trade mark; 
and if any person or persons shall copy or imitate, or cause 
Trade marks- to be copied or imitated said trade mark, for the purpose of 
frnT^ating. ^^^ defrauding said company, the person or persons so offending 
shall be deemed guilty of a misdemeanor, and may be punish- 
ed, upon conviction thereof, by fine, in any sum not exceed- 
ing live hundred dollars, and by imprisonment in the peni- 
tentiary not exceeding five years, or both, at the discretion 
of the court, aod shall forfeit and pay to said corporation 



MANUFACTUEING COMPANIES. 321 

the amount of damages sustained by reason of such offence, 
to be recovered in the name of said company, with costs of 
suit, in an action of trespass on the case. 

§ 3. The capital stock of said company shall be one capital stock, 
hundred thousand dollars, divided into shares of fifty dol- 
lars each. 

§ 4. When one hundred shares of said stock shall be organization, 
subscribed and paid or secured to be paid, the persons 
named in the first section of this act are authorized to organ- 
ize, by appointing a president and secretary and such other 
oflieers and agents as they may deem necessary. 

§ 5. The persons named in the first section of this act Directors, 
shail be the directors of the company for one year from the 
organization thereof, and until their successors are elected 
and qualified, three of whom shall be a quorum and may tran- Quorum, 
sact all the business of said company, in the same manner 
and to the same extent that natural persons might or could 
do; may sell, convey, mortgage or pledge all or any part 
of their real estate, and do any act, not contrary to law, 
that may be necessary to the successful prosecution of the 
business of said company. 

§ 6. The aftairs of this corporation shall be managed by Directors, 
a board of five directors, who shall be elected annually, 
(each share having a vote,) and continue in oftice until their 
successors are chosen. 

§ 7. This act shall be deemed a public act, and shall take 
effect and be in force from and after its passage. 

Appkoved March 8, 1867- 



AN ACT to incorporate the Chicago White Lead Company, in force March 

9, 1867. 

Section 1. Beit eno.cted hy the People of the State of 
Illinois^ represented in the General Assembly, That William corporators. 
G. Lewis, Charles H. Hane, James D. Sturges and Joseph 
B. Lewis, and their associates, are hereby created a body 

Politic, under the name and style of "The Chicago White Name and style 
.ead Company." As such, shall have perpetual succession ; 
may contract and be contracted with, and may sue and be 
sued in any court whatever, with powers and privileges as 
are hereinafter provided. 

§ 2. The capital stock of said company shall not exceed capital stock, 
five hundred thousand dollars, in shares of one hundred 
dollars each ; but when fifty thousand dollars shall have been 
actually subscribed and paid in, in cash, the said company 
may organize and proceed to business under this charter. 

§ 3. The business and the corporate powers of said com- Directors, 
pany shall be exercised by a board of directors, not exceed- 
Yol. 11—21 



322 MANUFACTURING COMPANIES. 

inoj live nor less than three. The above named persons, 
corporators, shall be members of the lirst board, and, annu- 
ally thereafter, after its organization, the stockholders shall 
elect dii'cctors. The directors shall have power to make 
such bj-lawstor the conducting of the business of the com- 
pany, as are not inconsistent with the laws of this state or 
of the United States. 
^°M^^ltatl eto^ § ^' ^^ ^^^^^^ '-*^ lawful for said company to lease, pur- 
.e.i es a e, . ^|^^g^^ j^^jj ^^^^ couvcy all such real and personal estate as 
may be necessary to carry on its business, as well as such 
real and personal estate as it may be deemed necessary to 
acquire in the enforcement or settlement of any claim or 
demand arising out of its business transactions, and to sell 
or exchange the same for other property, as it may be de- 
termined the interests of the company require. 
Business aad | 5_ TJie Said compauy is hereby authorized and em- 
opera ions. pQ^grcd to Carry on the manufacture of white lead, colors, 
zinc, varnishes, oils, and all other articles comprised in the 
stock of a general paint business. Said manufacture to be 
carried on in the city of Chicago or at any other point in 
the state of Illinois deemed best for the interests and pros- 
General office, perity of said company. The general office ot said company 

shall be in the city of Chicago, 
stock. I 6. The stock of said company shall be transferable 

only on the books of the company. 

§ 7. This act shall take effect from and after its passage, 
and be deemed a public act, and liberally construed as such. 
Approved March 9, 18G7. 



In force March AM" ACT to incorporate the Jessup Supply Company. 

9, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Jame3 

Corporators. W. Odcll, Samucl J. Glovcr and "William M. Luff, their 
associates and successors, be and are hereby constituted a 
body corporate and politic, under the name and style of 

Name aad style « The Jcssup Supply Company," with ail powers, rights, 

Powers. privileges and immunities incident to corporations and neces- 

sary and useful for the purposes of this act. 

Capital stock. g 2. The Capital stock of said corporation shall be one 
hundred thousand dollars, and be divided into shares of one 
hundred dollars each, and it maybe increased, from time to 
time, as a majority of the stockholders may direct, and shall 
be issued and transferred in such manner and under such 
conditions as the directors of the said company shall, by the 
by-laws thereof, prescribe. 



MANUFACTURING COMPANIES. Z2i 



§ 3. The corporate powers of the said conipanj shall be Government 
vested in and exercised by a board of directors, consisting "'^ *ff*>"' 
of such number of persons, not less than three nor more 
than seven, as the stockholders of said company may from 
time to time direct. Tiie said directors shall be chosen by 
the stockholders at such time and place as may be lixed by 
the by-laws of the said company, and shall hold their offices 
for one year and until their successors are elected and quali- 
fied. They shall elect one of their number president of said 
company, and may fill any vacancy in the said board occa- 
sioned by death, resignation or otherwise, for the unexpired 
portion of tlie term of office so becoming vacant ; and may 
make such rules, by-laws and regulations, and appoint such 
officers and servants as they may, from time to time, deem 
expedient. Until an election of directors as herein provided, 
the persons named as corporators in the first section of this 
act, shall constitute a board of directors and shall have and 
may exercise all the powers of such board. 

§ i. The said corporation shall have power to manu- Business and 
facture, purchase and sell iron, copper and steel wares, <'p^''**'°°** 
machinery, and all parts of the same, and railway supplies 
and materials for the manufacture of the same. And the 
general office of said company shall be in the city of 
Chicago. 

§ 5. The said corporation shall have power to acquire Hold property, 
and hold such real and personal estate as may be necessary 
tor the purposes of this act, and the same may sell and con- 
vey at pleasure. It may borrow money and may secure the 
payment of the same by deed of trust, mortgage or other 
security. 

§ 6. This act shall be deemed a public act, and shall 
take effect from and after its passage. 

Appkoved Marcl;,9, 1867. 



AN ACT to incorporate the Chicago Iron Works. jn f^j.^^^ Peh'y 

22, 1867. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General AsseraUy, That Fred, corporators. 
Letz, George F. Letz, William H. Chenoweth and George 
F. Klein, and their associates, successors and assigns, and 
all such persons as shall become stockholders in the com- 
pany hereby created, shall be a body politic and corporate, 
by the name and style of "The Chicago Iron Works ;" ^•ame and style 
and shall have perpetual succession, a common seal, with 
power to break, alter and renew the same at pleasure, and Powers, etc. 
shall have power to contract and be contracted with, to 
plead and be impleaded, sue and be sued, in all courts and 



324 MANUFACTURING COMPANIES. 

places whatsoever, and appoint all necessary officers, servants 
and assistants, and may have and enjoy and exercise all the 
powers necessary to carry out and execute the purposes 
and intents of a general wrought iron and cast iron manu- 
facturing business: Provided^ that if the corporation crea- 
ted by this act shall not organize within two years after the 
passage hereof, then this act shall be null and void. 
Duties of cor- § 2. A majority of the corporators herein named may 
pora-ion. proceed to open books for subscription to the capital stock 
of said company, and shall, at the same time, or there- 
after, designate a time and place for the first election of 
• directors of said company, by parties subscribing to the 
stock thereof, and each share of stock so subscribed for 
shall be entitled to one vote. 
Capital stock. § 3. The capital stock of said company shall be fifty 
thousand dollars, with power to increase the same to one 
hundred thousand dullars, to be subscribed for in the 
manner which may be prescribed by the by-laws to be 
adopted by said company, and shall be divided into shares 
of one hundred dollars each, which shall be deemed per- 
sonal property, and shall be transferable on the books of 
the said company in such manner as its by-laws may pre- 
scribe, 
in-iebtertness. § 4- The Said Corporation shall have power to borrow 
money, and may secure the payment of the same by deed 
of trust, mortgage or other security. 
Real estate. §5. It maybe lawful for the company hereby incor- 

porated to purchase and hold such real estate as may be 
deemed necessary by them for the successful prosecution of 
their business, and may have power to convey the same. 
Gov^niment of | 6. The afi'airs of the company shall be managed by a 
affans. board of directors, at least three in number. After the 

first election, as herein provided, the directors shall be 
elected by the stockholders, at such time and place and in 
such manner as shall be established by the by-laws of said 
company. The directors of said company shall be elected 
annually, but any failure or omission to elect directors shall 
in nowise impair or afi'ect the rights and powers of direc- 
tors holding over, or the rights or interests of stockholders 
or others interested. 
By-laws. | 7, The dircctors shall have power to frame a body of 

by-laws, for the election or appointment of all ofiicers and 
ao-ents of said company, and to alter the same, in the man- 
ner to be provided in said by-laws : Provided^ that the 
same shall contain nothing inconsistent with the laws or 
constitution of this State or of the United States. 

§ 8. This act shall be deemed a public act, and shaU 
be in force from and after its passage. 
Approved February 22, 1867. 



MANUFACTUKING COMPANIES. 



AN ACT to incorporate the Cherry Point City Woolen Manufacturing ^^ j.^^^^ p^, . 
Company, in Cherry Point City, Edgar county, Illinois. 2:i, 1S67. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ rtjpresented in the General Assembly^ Tliat John corporators. 
P. Dole. George O. Dinsmore, Michael Kizer, Theodore 
Schence, George Harding and James Gaines, their associ- 
ates, successors and assigns, he and they are herehy created 
a body corporate and politic, with perpetual succession, by 
the name and style of "The Cherry Point City Woolen Name and style 
ManutHcturing Company;" and, by that name, they and 
their successors shall be capable, in law, of contracting and 
being contracted with, suing and being sued, defending and 
being defended, in all courts and places, and in all matters 
and places whatsoever, with full poweis to acquire, liold, Powers, 
occupy and enjoy all such real &nd personal estate as may 
be necessary and proper for the construction, extension and 
usefulness of the works of the said company, and for the 
management and good government of the same; and they 
may liave a common seal, and the same may alter, break 
and renew at pleasure ; and they may do and perform all 
such acts and things as are or may become necessary for 
the furtherance and advancement of the purposes of said 
corporation, as fully and completely as a natural person 
might or could do : Provided, that the amount of real es- 
tate held by said corporation shall not at any time exceed 
in value the sum of one hundred thousand dollars. The ofsce. 
genei'al office of said company shall be at Cherry Point 
City, Edgar county, and state of Illinoit 

§ 2, The corporators named in the 1 
act shall constitute the first board of directors, and shall 
hold their offices until their successors shall be duly elected 
and quciliiied, in pursuance of by-laws to be made by the 
said corporation, after its organization. And the object and 
purpose ot said incorporation shall be the manufacture and 
sale of wooleu goods and textile fabrics. 

§ o. The capital stock of said company shall be fifty capiui stork, 
thousand dollars, and may be increased, from time to time, 
at the pleasure of said corporation. It may be divided 
into such shares, subscribed for, paid and transferred, in 
such proportions and manner as shall be prescribed by the 
by-laws and regulations of said company. 

§ 4. All the corporate powers of said corporation shall oovernmeut 
be vested in and exercised by a board of directors and such 
officers and agents as said board shall appoint. The board 
of directors shall consist of not less than five and not more 
than seven stockholders, who shall be chosen by the stock- 
holders, at such time and in such manner as the said cor- 
porati(.)n shall, by its by-laws,- presciibe, and shall hold 
their offices until their successors are elected and qualified, 



326 MANUFACTURING COMPANIES. 

and may fill any vacancies which may happen in the board 
of directors, by death, resignation or otherwise. They may 
adopt such bj-laws, rules and regulations, for the govern- 
ment of said corporation and the management of its affairs 
and business, as they may think proper, not inconsistent 
with the laws of this state or of the United States. 

§ 6. The said corporation is hereby authorized to bor- 
row money, and to mortgage or lease any of its property 
or franchises. 

§ 6. This act shall be deemed a public act, and noticed 
by all courts without pleading, and it shall take effect from 
and after its passage. 

Approved February 23, 1867. 



1b force Feb'y AN ACT to incorporate the Mechanics' Founderv and Manufacturing 
23, 1S6T. Company. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That D. W. 

Corporators. DauiG, W. Y. Baker, Franklin Smith and H. G. Page, and 
all such persons as shall become subscribers to the lierein- 
after named stock, shall be and they and their associates 
are hereby declared a body politic and corporate, by the 

Kameand style, name and stjde of "The Mechanic's Foundery and Manu- 
facturing Company ;" and, by that name and style they 
and their successors, forever hereafter, have perpetual suc- 
cession and shall be capable of suing and being sued, 
pleading and being impleaded, in all courts and places 
whatsoever ; may have a corporate seal, alter and change 
the same at pleasure; shall have the power of contracting 
and being contracted with ; of purchasing, holding and con- 
veying real and personal estate, for the purposes and uses 
of said corporation, as hereinafter- limited ; and shall be 
located either in Carroll, Stephenson or Winnebago county, 
Illinois. 

§ 2. The president and directors of said company, here- 
inafter provided for, shall have power and are hertby au- 
thorized to cany on the manutacture of iron castings, of 
every size and description, as said company may deem 
proper, and carry on the foundery business, in all of its 
various branches, with power to manutacture railroad cars, 
plows, wagons, all other agricultural implements, and lin- 
seed oil; to erect mills, machinery, works and other build- 
ings necessary to carry on said business, and to enter into 
all contracts which may concern the use and management 
ot" the property, affairs and* interests of said company. 



Antliority 
powers. 



MANUFACTUEING COMPANIES. 327 

§ 3. The capital stock of said company shall be one Capital stock, 
hundred thousand dollars, divided into shares of one hun- 
dred dollars each; and the capital stock of faid company 
may, hereatter, bj increased to tive hundred thousand dol- 
lars, to be invested in and expended in the business of this 
company. 

§ 4. For the purpose of facilitating the said business of indebtedness, 
this company or corporation, they shall be authorized to 
neirotiate a loan or loans of money, to two-thirds theamount 
of irs capital stock, and pledge its property, real and perso- 
nal, and all its rights, credits and franchises, for the pay- 
ment thereof. 

§ 5. Either one of the [persons] named in section one ^"40^^"^"°° *° 
of this act are hereby authorized to obtain subscriptions 
to the capital stock of said company, at such times and })laces 
as they may deem proper. Tlie afllairs of said corporation 
shall be under the direction of five of the members of this 
corporation, a majority of whom shall have fidl power to 
conduct all tlie necessary business required to further the 
objects of this corporation. The organization ot this com- Organization, 
pauy shall take place at any time when ten days' notice 
shall have been given, in a newspaper published in Carroll 
or iStepheiison county, Illinois, stating the time and place 
at which said meeting will be held and its ohjects. 

§ b. At said meeting the stockholders shall proceed to osacer?. 
elect five directors, (stockholders ot said company,) who 
shall manage, direct and govern the affairs of said company 
from the period of said election and until their successors 
are elected, who shall he vested with the same authority. 

§ 7. At said election each stockholder shall be entitled Elections, 
to give one vote for each share he then may hold in his own 
rigiit. ^ majority of all votes given shall be required to 
make an election. Each stockholder may vote in person 
or by proxy. Said directors, when elected, shall liave 
power to elect one of their number president of said com 
pany, and shall also appoint a secretary and treasurer of 
said company, who shall be the officers of said company for 
the period of one year and until their successors are elected 
and qualitied. Said president and directors shall appoint 
such other officers and agents as to them shall seem neces- 
sarv to carrv out the objects ot this corporation. 

^^ 8. The stockholders, at the first election, shall have \'*o\y/g/*°'^- 
the right to vote upon stock upon which they have paid ten 
per cent., but they shall not at any future election vote upon 
any but full paid stock ; nor shall the ofticers of said com- 
pany ever issue any fraudulent or fictitious stock ; and if 
they do so, they shall forfeit all rights in this corporation, 
be indicted and lined in the sum of ten thousand dollars, 
and imprisonment in the county jail not exceeding twelve 
months. 



328 MANUFACTUKING COMPANIES, 

Clerks' duties. § 9. The directors of said corporation shall cause their 
secretary or dark to keep a regular record of their actions 
and proceedings, as a corporate body; and regular accounts 
shall be kept ot all moneys received and expended; and at 
the end of every year the profits arising from the business 
of said company shall be divided among the stockholders, 
in proportion to tlie amount of paid stock: Provided^ that 
half-yearly dividends may be made, when the directors shall 
so determine. 

By-laws, etc. § 10. The directors of Said Corporation shall have power, 

from time to time, to make all such by-laws, rules and regu- 
lations, not inconsistent with the constitution and laws of 
this state or of tiie United States, which may be necessary 
for the collection of subscripti(.)ns to its stock, the transfer of 
the same, or conveyance of property, the payment or collec- 
tion of dues to or from said company, or that in any way 
concerns the interests management or direction of the affairs 
of said company. 

§ 11. This act shall be in force from and after its pas- 
sage, and shall be construed a public act in all courts and 
places, and shall be liberally construed. 
Approved February 23, 1867. 



In force Feb'y AN ACT to incorporate the Valley ilanufacturins; Company. 

23,1867. t= i- . 

Section 1. Be it enacted hy the People of the State of 
Illinois^ reprenenttdinthe General Asi^embly^ That Thomas 

Corporators. Minnie, De Witt C. Brown, James W. Eddy, Leonaid G. 
Calkins and Daniel Valentine, and their associates, suc- 
cessors and assigns, are hereby created a body corporate 

Name and style and politic, Under the name and style of "The Valley 
Manufacturing Company;" and, by that name, may be and 
are hereby made capable in law and equity to sue and be 
sued, plead and be impleaded, defend and be defended, in 
any court of law or equity in this state, or in any other 
place; to make, have and use a common seal, and the same 
to renew and alter at pleasure; and shall be and are hereby 

Powers. invested with all the powers, privileges and immunities 

which are or may be necessary to cai-ry into effect the pur- 
poses and objects of this act, as hereinafter set forth. And 
the said company is hereby authorized and empowered to 
construct a dam across Fox river, to the hight of nine feet 
above low water mark, at or near the point where said river 
crosses the section line bet ween sections eight (8) and nine (9), 
township thirty-six (oG), range six (U) cast, in the county of 
Kendall, in the state of Illinois, and to locate, survey, con- 
struct and complete a canal or race from Post's mills, on said 



MANUPACTUEING COMPANIES. 



329 



river, along the west bank of said river, to the connty 
line of La Salle county, in said state. 

§ 2. In case said corporation shall desire to obtain from ^^|^^^ i^° /;''°' 
the proprietors or owners thereof any lands for the construc- 
tion of such canal or race, or improvement of any water power 
created thereby, or any lands that may be flowed or other- 
wise injured by the construction of this dam, and shall be 
unable to obtain the same by voluntary purchase, grant, 
assignment or release, said company shall have the right to 
condemn, take and use the same, under the provisions of 
an act to amend the law condemning the right of way for 
purposes of internal improvemenis, approved June 22, 1852. 

§ 3. Said corapany may acquire, hold, own and enjoy Privileges, etc. 
such real estate, in the vicinity of the water power created 
by the construction of said dam and the digging of such 
canal or race as may be deemed suitable for the opertions 
of said company and improvements connected therewith, 
or any part thereof, with the rights and privileges accru- 
ing therefi'om or in anywise appertaining thereto; may 
erect such buildings and machinery as they may deem ex- 
pedient, may engage in the manufacture of cotton, woolen, 
hempen, flaxen or other goods, machinery or other manu- 
facture ; and may lease or sell power, lands and machinery 
to individuals or corporations, as may be deemed expedient. 
Said company may also take and hold such notes, mort- securities 
gages and other choses in action or securities, as in the 
transactions and business of said company may become ne- 
cessary or convenient ; and may collect, sell or assign the 
same. And the board of directors shall have power to de- 
clare dividends out of the actual profits of said corpora- 
tion or from the sale of real estate above mentioned, paya- 
ble either in cash or stock, as may be deemed expedient. 

§ 4. The corporators named "in the first section of this directors. 
act shall constitute the first board of directors, and shall 
hold their otiices until their successors shall be duly elec- 
ted and qualified in pursuance of by-laws to be made by 
the said corporation after its organization. 

§ 5. The capital stock of said company shall be five Capital stock. 
hundred thousand dollars, ($500, OUO) and may be increased, 
from time to time, at the pleasure of said company. It 
shall be divided into shares of one hundred dollars (8100) 
each, and may be issued and Transferred in such manner 
and upon such conditions as the board of directors may 
direct. 

§ 6. The said corporation is hereby authorized to borrow indebtedness, 
money and to mortgage or lease any of its property or 
franchises, and may adopt such by-laws, rules and regula- 
tions for the government of said corporation and the njau- 
agenient of its aflairs and business as they may think pro- 
per, not inconsistent with the laws of this state or of the Uni- 
ted States. 



330 MANUFACTUKING COMPANIES. 

Construction of § 7. Tlils act shall be deemed a public act, and noticed 
as such bj all courts, without pleading, and it shall take 
effect from and after its passage. 
Approved February tid, 1S67. 



In force Feb'y AN" ACT to incorporate the Illinois Soap-stone Stove Companv. * 

23,1807. " ■ ' 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in ttie General Assembly^ That Joseph 

Corporators. AtkiusoH, Hale Kiiight, Charles H. Atkinson, and their 
associates and successors, are hereby constituted abodvpol- 

Name and style jtic and Corporate by the name and style of ''The Illinois 
(Soap-stone Stove Company ;" and, by that name they and 
their successors shall, in law, be capable of suing and being 
sued, of pleading and being impleaded, in all courts and 
places whatsoever. The principal (jftlce and place of busi- 
ness shall be in the city of Chicago, in the county of Cook, 
and state of Illinois. 

§ 2. Said company may own and possess real estate. 

Possession of n ^ ., . ' '' ,. ^i '• i • ^ ; 

real estate. lor the cou venieucc 01 their business; may carry on, at 
Chicago or elsewhere, the manufacture and sale of soap- 
stone stoves and any other article made of soap-stone or 
pertaining to their business, as they may require. 

§ 3. The mantigemeiit and direction of the affairs of 
said compriny shall be vested in a board of directors, to be 
elected by the stockholders. And said company are hereby 
authorized to establish any by-laws or regulations, and to 
alter and amend the same, as shall be necessary to carry 
out the provisions of this act : Provided, the saiu by-laws 
and regulations do not conflict with or be repugnant to the 
laws of this state or of the United States. 

§ 4. The capital stock otthis company may be fifty thou- 
sand dollars, with privilege of increasing [the same] to two 
hundred thousand dollars, and shall be divided into shares 
of fifty dollars each. 

§ 5. This act shall take effect from and after its passage. 

Approved February 23, 1867. 



Management of 
1 affairs. 



Capital stock. 



In force Febru- AN ACT to amend an act entitled " An act incorporating the Mechanical 
ary22, 1867. Bakery Company, of Chicago." 

Section 1. Be it enacted by the People of the St-de of 

Illinois, represented in the General Assembly. That section 

Tomanufactur* two, (2), of an act entitled "An act incorporating the Me- 



MANUFACTURING COMPANIES. 

chanical Bakery Company, of Chicago," be and the same 
is hereby amended so that the said company shall have 
power to manutactnre flour. 

§ 2. This act shall take etfect and be in force from 
and after its passage, 

Appkoved February 22, 1867. 



331 



AX ACT to incorporate the Wilmington Manufacturing Company. In ("J';® ^^^'^ 



1S67 



Section 1. Be it enacted hj the People of the State of 
llUvois, reirresented in the General Assembly, Tliat Milton 
H. Hilburn, Daniel W. Dilhnan, AmosN. Klinetelter, Ar- 
chibald J. Mclntyre, John H. Daniels, Morris F. Blish, 
William R. Pennington, and their associates and successors, 
and all s;ich persons as shall become stockholders in the 
company hereby created, shall be a body politic aud corpo- 
rate, by the name and style of "The Wibnington Manu- co^rp«-at^^name 
facturiiig Company ;" and shall have succession, a common 
seal, power to plead and be impleaded, to appoint all neces- 
sary ofiicers, servants and assistants, and may have and 
enjoy and exercise all the powers necessary to carry out and 
execute the purposes and intents of a manufacturing com- 
pany, for manufacturing implements aud machines for 
agricultural and mechanical purposes. 

§ 2. The capital stock of said company shall be two capital stock, 
hundred thousand dollars, with power to increase the same 
to four hundred thousand dollars, to be subscribed and paid 
in, from time to time, in the manner prescribed by the by- 
laws to be formed by said company, and shall be divided 
into shares of one hundred dollars each, which shall be 
deemed personal property, and shall be transferable on the 
booKs of said company, in such manner as its by-laws may 
prescribe. 

§ 3. A majority of the corporators herein named may ^{^^^^ subsmp- 
proceed to open books for subscription to the stock of said 
company, and shall at the same time or thereafter, designate 
a time and place for the first election of directors of said 
company, by the parties subscribing to the stock thereof; 
and each share of stock so subscribed shall be entitled to 
one vote. 

§ 4. All the corporate powers of said corporation shall 
be vested in and exercised by a board of directors and such 
officers and agents as said board shall appoint. The board 
of directors shall consist of not less than three nor more 
than five stockholders, who shall be chosen by the stock- 
holders at such time and in suf»h manner as said corporation, 
. by its by-laws, prescribe, and shall hold their offices until 



Officers, etc. 



MANUFACTUKING COMPANIES. 



IniU-litedness. 



. their successors are elected and qualified, and may fill any 
vacancy which may happen in the board of directors, by 
death, resignation or otherwise. They may adopt by-laws, 
rules and regulations for the government of said corporation 
and the management of its affairs and business, as they 
may think proper, not inconsistent with the laws or consti- 
tution of this state or the United States. 

§ 5. Said corporation is hereby authorized to borrow 
money and mortgage and lease any of its property or fran- 
chises, to sue and be sued, to contract and be contracted 
with. 

§ 0. This act shall be deemed a public act, and shall be 
in force from and after its passage. 

Approved February 23, 1867. 



In force Feb"y AX 
21. 1S67. 



ACT to incorporate the Mansfield Elastic Frog Company, of Chicago. 



Coi-porators. 



Election 
directors. 



Capi 



Section 1. Be it enacted hy the Feoj)le of the State of 
Illinois, represented in the General Assemhli/, That Araos 
T. Hall, John Crevar, J. Hall Dow, Frederick L. Fake and 
J. McGregor Adams, and their associates, successors and 
assigns, shall be a body politic and corporate, by the name 
of "The Mansfield Elastic Frog Company, of Chicago;" 
and, by that name, they and their successors shall have 
perpetual succession, sue and be sued, plead and be im- 
pleaded, and be capable of contracting and being contracted 
with ; shall have a common seal and the same alter at 
pleasure : and may have and enjoy and exercise all the 
powers necessary to carry out and execute the purposes and 
intents of an iron and brass foundery and manufacturing 
company, and to manufacture, bargain for and sell railroad 
frogs of all kinds and patterns, and all rights connected with 
the same. 

§ 2. A majority of the corporators herein named may 
proceed to open books for subscription to the cajjital stock 
of said company, and shall, at the same time or thereafter, 
designate a time and place for the first election of directors 
of said company, by parties subscribing to the stock thereof; 
and each share of stock so subscribed for shall be entitled 
to one vote. 

§ 3. The capital stock of said company shall be one 
hundred thousand dollars, with power to increase the same 
to five hundred thousand dollars, to be subscribed and paid 
for in the mainer w^hich may be prescribed by the by-laws 
to be adopted by said company, and shall be divided into 
shares of one hundred dollars each, which shall be deemed 



MANUFACTURING COMPANIES. 333 

personal property, and shall be transferable on the books of 
the said company, as the by-laws may prescribe. 

§ 4, The said corporation shall liave power to borrow indebtednes?. 
money, and may secure the payment of the same by deed 
of trust, mortsrage or other security. 

§ 5. It may be lawful fur the company hereby incorpo- Real estate, 
rated to purchase and hold such real estate as may be deemed 
necessary by its managiniy officers lor the successful prose- 
cution of its business, and may have power to convej' the 
same. 

§ 6. The affairs of the company shall be managed by a Government, 
board of directors, at least live in number. Such directors 
shall be stockholders and be elected by the stockholders after 
the lirst election, at such time and in such manner as the 
by-laws of said company shall provide, and hold their offices 
for the term for which they were elected and until their 
successors are elected. 

§ 7. The directors of said company shall have and ex- offi<^«'"»' ^^'^■ 
ercise all the powers hereby conferred on said corporation, 
and may elect such officers and agents and make such by- ^>"-'^"'|. *"*^ 
laws, rules and regulations, fur carrying into eff'ect the objects '^*'°" 
of this act, as to them shall seem expedient, not inconsistent 
with the laws of this state, and shall have power to till any 
vacancies that may happen among the directors, by death, 
resignation or otherwise. 

§ 8. This act shall be deemed a public act, and take 
eff'ect from its passage. 

Appkoved February 21, 1867. 



[AX ACT to incorporate the Home Flax Manufacturing Company. ^n ^T^isef ^^ ""^ 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General AssewMy^ That John 
A. Huns, n, Roswell B. Mason, George W. Billings, John 
J. Olai k and Mancel Talcott, and their successors, be and 
are herei>N created a bodv corporate and politic, under the 
name a. ..I style of '^The Home Flax Manufacturing Com- ^^nrpowers.'"" 
pany;" mid by that name and style, they and their suc- 
cessors sll^dl be capable in law of contracting and being 
contracte'l with, suing and being sued, defending and be- 
ing deteinicd, in all courts and places, and in all matters 
whatsuev I-, with full power to acquire, hold, occupy and 
convey hV such real and personal estate as may be ne- 
cessary t r the construction and operation of the works 
of said ci' npany, and lor the management and good govern- 
ment ot '6 same ; and that they may have a common seal, 
and tlu^ ^ me may alter, break and renew at pleasure ; and 



334 



MAlfUFACTUEING COMPANIES. 



Objects and 
purposes. 



Capital stock. 



Officers and 
directors. 



they may do and perform all such acts and things as are or 
may become necessary for the im'therance and advance- 
ment of the purposes of said corporation, as fully and com- 
pletely as a natural person might or could do. 

§ 2. The said corporation, for the purpose of carrying 
on its operations of producing, preparing, combing and 
working into yarn, thread and cloth, all kinds of flax and 
hemp fibre, and for promoting the manufacture of fine linen 
yarns, thread and cloth, and finishing the same for market, 
is hereby authorized and empowered to purchase land and 
buildings, machinery, patents and processes, erect suitable 
mills, dwellings and storehouses; to take, hold, mortgage 
and convey real estate; to make contracts, generally; and 
to do any and all acts necessary for the successful carrying 
on of a general manufacturing business. 

§ 3. The capital stock of said corporation shall be five 
hundred thousand dollars, and may be increased, from time 
to time, at the pleasure of said cojporation. It shall be di- 
vided in shares of one hundred .dollars each, and may be 
issued and transferred in such manner and upon such con- 
ditions as the board of directors may direct. 

§ i. All the corporate powers of said corporation shall 
be vested in and exercised by a board of directors and such 
officers and ao:ents as said board shall appoint. The board 
of directors shall consist of not less than three nor more 
than seven stockholders, who shall be chosen annually by 
the stockholders of the corporation, at such time and in 
such manner as the said corporation shall, by its by-laws 
prescribe, and shall hold their otfices until their successors 
are elected and qualified; and shall have power to fill an}'- 
vacancies which may happen in the board of directors, by 
death, resignation or otherwise ; they may adopt such rules 
and regulations, for the government of said corporation and 
the management of its afiiiirs and business, as they may 
think proper, not inconsistent with the laws of this state 
or of the United States. 

§ 5. This act shall be deemed a public act, and noticed 
as such by all courts, without pleading, and it shall take 
effect from and after its passage. 

Appkoved February 21, 1867. 



force Feb'y AN ALT to incorporate the Northwestern Silver- Ware ManufacturiDg Coin- 
22, 1867. pany. 



Section 1. jBe it enacted by the People of the /State of 
Illinois, represented in the General Assembly, That P. II. 
Willard, H. D. Titsworth, T. P. Hart, H. W. Hinsdale, L. 



MANUFACTUKING COMPANIES. ' 335 

I. Gage, I. C. Adams and O. R. W. Lull, be and they are 
hereby incorpurated into a body corporate, by the name and 
style of •' The JSorthwestern Silver Ware JManufacturing Name and style. 
Company ;" by which name they and their associates and 
successors shall have continuance and succession for the term 
of hfry years, from and after the passaoje of this act ; and, by 
said coriiorate name, shall be capable inlaw and equity t^ 
sue and be sued, plead and be impleaded, and to do all other 
matters and things necessary and expedient to protect and Powers, 
defend their corporate rights ; and shall have a common 
seal, which they may change at pleasure ; and may pur- 
chase and hold, and may convey, either absolutely or by 
way of mortgage, any real estate, which may be considered 
necessary for the purpose of carrying on "the business of 
said corporation. Tlie said corporators herein above named 
shall constitute the board of directors for the first year and 
until their successors are elected. 

§ 2. The said company shall have the )ight to manu- ^^igHs and pri- 
facture and deal in gold and silver ware and watch cases, ^^^"^^' 
plate and plated goods and jewelry, and all other articles 
of similar nature; and shall possess and enjoy all powers 
convenient or necessary to carry into effect this object, or 
incidental thereto ; and, for the purpose aforesaid, all neces- 
sary agents and servants to emj)loy. 

§ 3. The said capital stock shall be obtained by Rub- Capital stock, 
scription, and divided into shares of one hundred dollars, 
in such manner as the board of directors shall prescribe; 
and the several shares thereof shall be deemed personal 
property, and may be issued and transferred in such man- 
ner and subject to such provisions aad restrictions as the 
board of directors may prescribe. The amount of said cap- 
ital stock shall not be less than two hundred thousand dol- 
lars, and may be increased, from time to time, to live hun- 
dred thousand dollars, by vote of the board of directors. 

§ 4. All the corporate powers of said company shall be ^J^g^ors '"** 
vested in a board of directors and such officers and agents 
as said board shall appoint. The said board of directors 
shall consist of not less than seven nor more than nine 
stockholders, who shall be chosen, annually, by the other 
stockholders, each share having one vote, which may be 
given in person or by proxy — such directors to continue in 
office one year and until their successors are elected and 
qualified. Vacancies occurring in the board of directors, vacancies. 
in any manner, either by death, removal or inability, or 
refusal to meet or act, may be tilled by the remaining direc- 
tors; such appointees to continue in office until the next 
regular election. 

§ 5. The said board of directors may make such by-laws By-iaw». 
as may be expedient and proper for the management and 
control of the business of said company. 



336 MANUFACTUKING COMPANIES. 

Agents. § 6, The board of directors may appoint, either from 

their own number or otherwise, such agents and servants 
and officers as may be proper, and may discharge any of 
them, at any time, and may require surety for the perform- 
ance of their duties, and may tix their compensation. 

Meetings. § 7. The president and secretary may call a meeting of 

the board of directors, by reasonable notice, in writing. 

Further powers § 8. The Said Company, by its duly appointed agents, 
may become a party to any commercial paper, in the same 
manner and to the same extent that a private individual 
might do, so far as the same shall be necessary or expedi- 
ent in the regular course of business of said company. 

Expulsion of § 9. The board of directors shall have the power to ex- 

members. pgj q^^j member of said body, by a vote of two-thirds of the 
authorized number, at any regular meeting, for any rea- 
sonable cause. 

This act shall be taken and considered a public act, and 
shall become a law immediately on its passage. 
Approved February 22, 1867. 



En force Feb'y AN ACT to incorporate the American Steam Generator Company. 
22, 1867. 

Section 1. Be it enacted hy the People of the State of 
Corporators. JlUnois, represented in the General Assembly, That Fred- 
rick Baumann, Henry W. Blodgett, Gustagvus E. Busehick 
Ira Holmes, Lewis C. Ellsworth and Phillip B. Shumway, 
and their associates and successors, be and they are hereby 
created and declared a body politic and corporate, under 
Nam*. the corporate name ot "The American Steam Generator 

Company;" and, by that name may sue and be sued, plead 
and beimpleaded, contract and be contracted with, acquire, 
receive, possess, enjoy, alien, convey and otherwise dispose 
of all such property and effects, real and personal, and do 
and perform all such other acts and things as shall or may 
be necessary or convenient for tlie transaction of the business 
of said company as hereinafter indicated, and have perpet- 
ual succession. 
BuBiuess. § 2. The business in which said company shall be au- 

thorized to be engaged shall be the manufacture and sale 
of Baumann's American Steam Generator, and of stei. a en- 
gines and boilers, and other apparatus for generating steam. 
The principal place of business of said company shall be 
in Gook county; - - • - ~. 

city of Chicago. 



MANUFACTUEINa COMPANIES. 337 

§ 3. The capital stock of said company shall not be capUai stock, 
more than three million dollars, and shall be divided into 
shares of one hundred dollars each. 

§ 4, The incorporators named herein shall be and re- Officers. 
main the first board of directors, with power to choose a 
president, secretary and treasurer of said company, until 
their successors shall be elected, according to the method 
hereinafter prescribed. The stockholders of said company, 
at their first meeting, or at any subsequent meeting, may ♦ 
enact such by-laws, regulating the time and manner of elec- 
ting directors and officers, and for the regulation of the 
affairs of said company, as they shall deem expedient, not 
inconsistent with the constitution of this state or of the 
United States. 

§ 5. The board of directors are hereby authorized to Directors- 
pay any sum, not exceeding two million of dollars, in the f.^patentsf**^* 
stock of said company, at its par value, for any and all 
such patent rights as said directors shall deem it necessary 
or expedient for said company to own for the purpose of 
successfully carrying on the business of said company ; 
which stock, so paid, shall not be liable to any assessment 
by said company, nor shall the holders thereof be held in- 
dividually liable for any indebtedness of said company. 
The stock of said company, not issued in payment for pat- 
ent rights, as above stated, shall be" subject to assessment 
and forfeiture, upon the terms and conditions set forth in 
the by-laws of said company at the time when the subscrip- 
tion for the same shall have been received by said com- 
pany. 

§ 6. This act shall take eiiect and be in force from and 
after its passage. 

Appeoved February 23, 1867. 



AN ACT to incorporate Pullman's Palace Car Company. In force Feb'y 

^ ■' 22,1867, 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That George corporators, 
M. Pullman, John Crear and Norman Williams, jr., and their 
associates, successors and assigns, be and are hereby created 
a body politic and corporate, under the name and style of Name and style, 
"Pullman's Palace Car Company," with all powers, rights, 
privileges and immunities incident to corporations and 
necessary or useful for the purposes of this act: Provided, 
that if the corporation created by this act shall not organize 
within one year after the passage hereof, then this act shall 
be null and void. 

Vol II— 21 



338 MANUFACTURING COMPANIES. 

Capital stock. § 2. The Capital stock of said company shall be one 
hundred thousand dollars, and be divided into shares of 
one hundred dollars each, and it may be increased from 
time to time, as a majority of the stockholders may direct, 
and shall be issued and transferred in such manner and 
under such conditions as the directors of the said company 
shall, by the by-laws thereof prescribe. 
Goverument. § 3. The Corporate powers of the said company shall be 

vested in and exercised by a board of directors, consisting 
of such number of persons, not less than three nor more 
than seven, as the stockholders of the said company may, 
from time to time, direct. The said directors shall be 
chosen by the stockholders, at such time and place as may 
be fixed by the by-laws of the said company, and shall 
bold their offices for one year and until their successors are 
elected and qualified. They shall elect one of their num- 
ber president of said company, and may fill any vacancy 
in the said board occasioned by death, resignation or other- 
wise, for the unexpired portion of the term of office so 
becoming vacant ; and may make such rules, by-laws and 
regulations, and appoint such officers and servants as they 
mav, from time to time, deem expedient. Until an election 
of directors as herein provided, the persons named as cor- 
porators, in the first section of this act, shall constitute a 
board of directors, and shall have and may exercise all the 
powers of such board. 
Powers, etc., § 4, The Said corporation shall have power to manufac- 
ture, construct and purchase railway cars, with all conve- 
nient appendages, and supplies for persons traveling therein, 
and the same may sell or use, or permit to be used, in such 
manner and upon such terms as the said company may 
think fit and proper. 
Indebtedness. § 5. The Said Corporation shall have power to borrow 
money, and may secure the payment of the same by deed 
of trust, mortgage or other security. 
May hold real § 6. It may be lawful for the company hereby incorpo- 
estato, etc. j-atcd to purchase, acquire and hold such real estate as may 
be deemed necessary for the successful prosecution of their 
business, and may have power to sell and convey the same. 
§ 7. This act shall be deemed a public act, and shall 
take effect from and after its passage. 
Approved February 22, 1867. 



MANUFACTURING COMPANIES. 339 



AN ACT to incorporate the La Salle Glass Company. In f«te Feby 

Section 1. Be it enacted by the Peojple of the State of 
Illinois^ represented in the General Assembly^ That William corporators. 
Att, Samuel Jenkins and John Miller, and their asso- 
ciates, heirs and assigns, be and they are hereby created a 
bodv politic and corporate, by the name of the "LaSalle Name and style 
Glass Company;" and, by that name, may purchase, hold, 
possess, enjoy, control, mortgage and sell property, both 
real and personal ; by that name may sue and be sued, 
plead and be impleaded, in all courts and places. The said 
company may have a common seal, which they may adopt, 
change, alter and] renew at pleasure. 

§ 2. The corporate powers and franchises hereby con- period of tvaa- 
ferred may be enjoyed by said company for the peiiod of '■^'^®"- 
lifty years, and no longer. 

§ 3. Said company are hereby authorized to purchase corporate 
and hold such real estate as they may need, in their judg- po^^^". 
ment, for carrying on the business herein provided for ; to 
erect such buildings, machinery, kilns, ovens and flattening 
rooms as they shall deem necessary to carry into effect the 
privileges conferred by this act; and to manufacture glass, 
and glassware of various kinds, at the city of LaSalle, in 
LaSalle county, selling the same at such times and places 
as they may elect. 

§ 4. The capital stock of said company shall be fifty capital stock, 
thousand dollars, which may be increased at the pleasure of 
the company, to any sum not exceeding one hundred thou- 
sand dollars. The capital stock shall be divided into shares 
of one hundred dollars each, each stockholder being entitled 
to cast, in pjerson or by proxy, one vote for each share of 
stock held by him, at all meetings of the stockholders and 
and at all elections of the company. 

§ 5. The affairs of said company shall be conducted by officers, 
a board of directors, consisting of not less than three nor 
more than seven, to be designated, from time to time, by 
the stockholders ; such directors to be chosen by the stock- 
holders, and shall hold their ofiice for one year and until 
their successors shall be chosen. For the purpose of facili- 
tating the organization of said company, the above named 
corporators are hereby appointed directors for the first year 
and until their successors shall be elected. 

§ G. It shall be the duty of said directors to choose one «overnmeiu. 
of their number president; to make such rules and regula- 
tions against the transfer of stock and concerning the 
transfer of stock in said company as they shall deem expe- 
dient ; to establish such rules aad regulations, for the gov- 
ernment of the affairs of said company, as to them shall 
seem necessary ; to provide for the forfeiture of stock in 
said company upon failure of the stockholders to pay any 



340 MANUFACTURING COMPANIES. 

assessment that may be made thereon, or upon their attempt 
to transfer the same contrary to the rules and regulations of 
the directors ; and they may attach such pains, penalties, 
and forfeitures to the violation of any of the rules or regu- 
lations of said company, by the stockholders thereof^ as 
they shall deem advisable. They may, also, prescribe the 
duties of the president and of the several stockholders of 
said company, and may appoint such officers and agents for 
said company, defining their duties, as may be needed, from 
time to time. 
Indebtedness. § 7. Said Company may borrow such sums of money, 
from time to time, as they may need, to carry on their 
said business, not exceeding the amount of their capital 
stock, and to secure the payment of the same, may mort- 
gage their property, both real and personal, and franchise, 
or may issue their bonds, in such sums as they may elect, 
bearing a rate of interest not exceeding ten per cent., which 
bonds shall be and are hereby declared to be a lien upon 
all the property, both real and personal, and upon ail the 
franchises of said company, and may be sold for such sums 
as they will bring. The interest thereon may be made 
payable annually, or semi-annually at the election of the 

Rights and pri- company. 

viiegeg. g g^ " rpi^g ^,^^^ couipauy are hereby expressly authorized 

and empowered to have and enjoy all the rights and privi- 
leges not herein expressly enumerated which they might or 
could enjoy if organized under the general laws of this state, 
, and all the rights and privileges that are enjoyed or may 

be enjoyed by any company chartered for similar purposes, 
either i3y this or any previous general assembly of this 
state: Provided, that nothing herein contained shall be so 
construed as to interfere with tlie vested rights of any other 
company. 

§ 0. This act shall be a public act and shall be liberally 
construed, in all courts and places, and shall take effect and 
be in force from and after its passage. 

Appkoyed February 23, 1867. 



In force Febm- AN ACT to incorporate the Chicago Glass Companr. 

ary 25, 186T. ^ 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That Man eel 

Corporators. Talcott, Hugh McLcunan, David W. Sutherland, Lewis C. 
Ellsworth and George Wheeler, and their associates, suc- 
cessors and assigns, and all such persons as shall become 
stockholders in said company hereby created, shall be a body 

Name and style politic and corporatc, by the name and style of "The Chicago 
Glass Company ;" and shall have perpetual succession, a 



MANtJFACTUKIXG COMPANIES. 341 

common seal, power to sue and be sued, to plead and be 
impleaded, to appoint all necessary officers, servants and 
assistants, and to have and enjoy and exercise all the powers 
necessary to carry on the manufacture, purchase and sale of 
glass and glassware. The general office of said company 
shall be in the city of Chicago, county of Cook, and state 
of Illinois. 

§ 2. The capital stock of said company shall be one capuai stock, 
hundred thousand dollars, with power to increase the same 
to live hundred thousand dollars, to be subscribed and paid 
for in the manner which may be prescribed by the by-laws 
to be adopted by said company. Said capital stock shall be 
divided into shares of one hundred dollars each, which 
shall be deemed personal property, and shall be transferable 
on the books of the said company, in such manner as the 
by-laws may prescribe. 

§ 3. A majority of the corporators herein named may sabseription. 
proceed to open books for subscription to the capital stock 
of said company, and siiall, at the same time or thereafter, 
designate a time and place for the first election of directors 
of said company, by parties subscribing to the stock thereof; 
and each share of stock so subscribed and paid for shall be 
entitled to one vote. 

§ 4. The said corporation shall have power to borrow indebtedness, 
money, and may secure the payment of the same by deed 
of trust, mortgage or other security. 

§ 5. It may be lawful for the company hereby incorpo- Real estate, etc. 
rated to purchase and hold such real and personal estate as 
may be deemed necessary by them for the successful prose- * 

cution of their business, and to sell and convey the same, 
on such terms as they may deem expedient. 

§ 6. The affairs of said company shall be managed by a officers. 
board of directors, not to exceed five in number, all of whom 
shall be stockholders in said company. They shall hold 
their office for one year and until such time or times as their 
successors shall be elected and qualified. The board of 
directors shall be elected annually, at such time and place 
and under such regulations as shall be established by the 
by-laws of said company ; but any failure to elect directors 
shall in nowise impair or aflect the rights or powers of direc- 
tors holding over, or the rights or interests . of the stock- 
holders or other parties interested. 

§ 7. The board of directors shall have power to frame By-iaws 
a body of laws for the election or appointment of all the 
officers and agents of said company, and to alter the same 
in any manner provided in said by-laws: Provided^ that the 
said by-laws shall contain nothing inconsistent herewith or 
with the laws of the United States or of this state. 

§ 8. The said company' hereby created shall exist for Term of charter 
the term of ninety nine years. The stock, property and 
effects thereof shall be liable and subject to execution and 



Block — com- 
misi-ion to re 
poive 



342 MANUFACTURING COMPANIES. 

sale for all debts due and owing by said company; but in 
Liabilities. no case shall any stockholder be personally liable beyond 

the amount of his subscription to tlie capital stock, 
ubscription to 8 9. For the purposc of carrvinfT into effect the object 
01 this corporation, Mancel ialcott, Hugh McLennan, 
David W. Sutherland, Lewis C. Ellsworth and George 
Wheeler, are hereby appointed commissioners to obtain 
subscriptions to the capital stock of said company, and shall 
constitute the first board of directors under this act, and 
shall continue to act as such directors until their successors 
are elected. 

§ 10. This act shall be deemed and noticed as a public 
act, without being specially pleaded, and shall take effect 
from and after its passage. 

Approved, February 25, 1867. 



In loree Feb'y AN ACT to incorporate the Garden City Planing Mill and Lumber Manu- 
23, 1867. facturing Company. 

Section 1. Be It enacted hy the People qf the State of 
Illmois^ represented in the General Assembly^ That William 
Wisdom, SamuelK. Dow, Robert Wisdom, John J. Brown, 
Charles Rietz, Benjamin E. Tucker and Webster Batcheller, 
and their associates, successors and assigns, be and they are 
hereby created a body corporate and politic, by the name 

Namean.i siyie and Style of '^ The Garden City Planing Mill and Lumber 
Manufacturing Company ;" and, by that name, they and 
their successors shall have perpetual succession, and be 

Corporate rights Capable in law of contracting and being contracted with, 
suing and being sued, of having and using a common seal, 
of contracting, purchasing, holding', using and selling such 
machinery, stock, materials, and other personal property, 
and of leasing, purchasing, holding and conveying such real 
estate, in the city of Chicago or elsewhere, as sliali be found 
necessary or desirable for the business and objects of this 
corporation, whose general office shall be located in the city 
of Chicago. 

Business. § 2. The Said corporation is authorized to dress, manu- 

facture, purchase and sell lumber, building materials, and 
all other articles and materials, and the manufactured pro- 
ducts thereof, connected with or incident to such manufac- 
turing business. 

Capital stock, § 3. The Capital stock of said company shall consist of 
such sum, not exceeding two hundred thousand dollars, and 
be divided into shares of such amount as the stockholders 
may from time to time determine. Such shares shall be 



MANUFACTUKING COMPANIES, 343 

personal property, and transferable in such manner as the 
by-laws ot said company shall prescribe. 

§ 4, The corporation hereby created shall be under the Government, 
direction of such number of directors as the stockholders 
may from time to time determine, and, until otherwise 
ordered, the number of directors shall be seven. Such direc- 
tors shall be stockholders, and shall be elected by the stock- 
holders at such time and in such manner as the i}y-law8 of 
said company shall provide, and hold their office for the 
term for which they were elected and until their successors 
are elected. 

§ 5. William AVisdom, Samuel K. Dow, Robert Wisdom, Directors. 
Charles Rietz, Benjamin E. Tucker and Webster Batcheller 
and John J. Brown, shall constitute the first board of direc- 
tors, under this act, and shall hold their ofiace until their 
successors are elected in manner herein provided, 

§ 6, The directors of said company, a majority of which officers, agents, 
shall constitute a quorum, shall have and exercise, unless 
otherwise ordered by the stockholders, all the powers hereby 
conferred on said corporation, and may elect such otiicers 
and agents and make such by-laws, rules and retrulations, 
not inconsistent with the laws of this state, for carrying 
into etiect the objects of this act, as to them shall seem ex- 
pedient. They shall also have power to fill any vacancy vacancy. 
that may happen among the directors, by death, resignation 
or otherwise. 

§ 7. Copies of the minutes, proceedings, rules and by- Evidence of by- 
laws of the company, certified by the president or secretary, 
under the seal of the corporation, shall be received in evi- 
dence. This act shall be deemed and noticed as a public 
act, without being specially pleaded, and shall take efifect 
from its passage. 

Appkoved, February 23, 1S67. 



AN ACT to incorporate the Joliet Manufacturing Company. ^° 25*^:f867'*^'^ 

Section 1. Be it enacted hy the People of the State of 
Illinois^ rejpreseritedin the General Assembly, That Andrew 
Dil'man, Lewis E. Dillman, Andrew H, Shreffler, George 
Woodruff, William S. Brooks, Samuel K. Casey, William 
F, Barrett, Robert Walsh, Anthony Scheldt, Otis Hardy, 
Firman Mack, George N, Chittenden and John C. Dill- 
man, and their associates and successors, and all such per- 
sons as shall become stockholders in the company hereby 
created, shall be a body politic and corporate, by the name Name and style 
and style of "The Joliet Manufacturing Company;" and 
shall have succession, a common seal, power to plead and 



Place of office. 



tion. 



Capital stock. 



344 MANUTACTURING COMPANIES. 

be impleaded, to appoint all necessary officers, servants and 
assistants, and maj have and enjoy and exercise all the 
powers necessary to carry out and execute the purposes and 
Purposes. intents of a manufacturing company for manufacturing 
implements and machines for agricultural and mechanical 
purposes. The principal office of said company shall be 
located at the city of Joliet, in the county of Will, state 
of Illinois. 

stock subscrip- § 2. A majority of the corporators herein named may 
proceed to open books for subscription to the stock of said 
company, and shall, at the same time or thereafter, desig- 
nate a time and place for the first election of directors of 
said company, by parties subscribing to the stock thereof ; 
and each share of stock so subscribed for shall be entitled 
to one vote. 

§ 3, The capital stock of said company shall be two 
hundred and fifty thousand dollars, with power to increase 
the same to five hundred thousand dollars, to be subscribed 
and paid in, from time to time, in the manner prescribed 
by the by-laws to be formed by said company, and shall be 
divided into shares of one hundred dollars each, which shall 
be deemed personal property, and shall be transferable on 
the books of said company in such manner as its by-laws 
may prescribe. 
Officers, agents § 4. All the corporatc powers of said corporation shall 
^^'^- be vested in and exercised by a board of directors and such 

officers and agents as said board shall appoint. The board 
of directors shall consist of not less than three nor more 
than seven stockholders, who shall be chosen by the stock- 
holders, at such time and in such manner as said corpora- 
tion, by its by-laws, shall prescribe, and shall hold their 
offices until their successors are elected and qualified, and 
may fill any vacancies which may happen in the board of 
directors by death, resignation or otherwise. They may 
By-laws. adopt by-laws, rules and regulations for the government of 

said corporation and the management of its afi'airs and busi- 
ness, as they may think proper, not inconsistent with the 
laws of the state. 

§ 5. Said corporation is hereby authorized to borrow 
money and mortgage and lease any of its property or fran- 
chises, to sue and be" sued, to contract and be contracted 
with. 

§ 6. This shall be deemed a public act, and be in force 
from and after its passage. 

Appkoved February 25, 1867. 



Indebtedness. 



MANUFACTURING COMPANIES. 34:5 



AN ACT to incorporate the Western White Lead Company of Chicago. In 2°3^''i867"^'''^ 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly^ That Ben- 
jamin Y. Fag e, William Sprague and Charles H. Antes, 
and their a^rsociates, successors and assigns, be and they are 
hereby created a body corporate and politic, by the name Corporate name 
and style of ''The Western White Lead Company ; and, -'^"'J p°^«^^- 
by that name, shall have succession, a common seal, power 
to plead and be impleaded, to appoint all necessary officers, 
servants and assistants ; and may have, enjoy and exercise 
all the powers necessary to carry out and execute the pur- 
poses and intents of a white lead and paint manufacturing 
company : Provided^ that if the corporation created by 
this act shall not organize within one year after the passage 
hereof, then this act shall be null and void. 

§ 2. A majority of the corporators herein named may stock subscrip- 
proceed to open books for subscription to the capital stock 
of said company, and shall, at the same time or thereafter, 
designate a time and place for the first election of directors ^Jfr°eJto°r3°* 
of said company by parties subscribing to the stock thereof ; 
and each share of stock so subscribed for shall be entitled 
to one vote. 

§ 3. The capital stock of the said company shall be Capital, 
one hundred thousand dollars, with power to increase the 
same to five hundred thousand dollars ; to be subscribed 
and paid for in the manner which may be prescribed by the 
by-laws to be adopted by said company, and shall be divided 
into shares of one hundred dollars each, which shall be 
deemed personal property, and shall be transferable on the 
books of said company, in such manner as its by-laws may 
prescribe. 

§ 4. The said corporation shall have power to borrow indebtedness. 
money, and may secure the payment of the same, by deed 
of trust, mortgage or other securitv. 

§ 5. It shall be lawful for said" corporation to purchase ^^^f |ft'°t''e, e?c 
and hold such real estate as shall be deemed necessary for 
the successful prosecution of its business, and to sell and 
dispose of the same at discretion, and make, execute, ac- 
knowledge and deliver conveyance thereof. 

§ 6. The affairs of said corporation shall be managed ^^Sf™^"^' ""^ 
by a board of directors, at least three in number. Alter 
the first election, as herein provided, the directors shall be 
elected by the stockholders, at such time and place and in 
such manner as shall be established by the by-laws of said 
company. The directors of said company shall be elected 
annually ; but any failure or omission to elect directors shall 
in nowise impair or affect the rights and powers of directors 
holding over, or the rights or interests of the stockholders 
or others interested. 



34:6 MANUFACTUEING COMPANIES. 

Bylaws, etc. § 7. The directors shall have power to frame a body ot 

by-Jaws for the election or appinntment of all the officers and 
agents and the inanao:;eineiit of the business of said com- 
pany, and to alter the same in the manner to be provided 
in said by-laws : Provided, that the same shall contain noth- 
ing inconsistent with the laws or constitution of this state 
or the United States. 

§ 8. This act siiall be deemed a public act, and be in 
force from and after its passage. 

Approved February 23, IStiT. 



^" ^S^Tse^^'^ ^^ ^^'^ *° incorporate the Rock Island Woolen Manufacturing Company. 

Section 1. Be it enacted by the People of the State of 
Illinois, represerited in the General Assembly^ That William 
Eggleston, Frederick Weyerhauser and Frederick A. C. 
Deukman, and their associates and successors, and all such 
persons as sliall become stockholders in the company hereby 
created, be and are hereby constituted a body politic and 
Name and style corporate, by the name and style of '' The iiock Island 
Woolen Manufacturing Company;" and, by that name, 
they and their successors shall have perpetual succession, 
with power to contract and be contracted with, sue and be 
sued, plead and be impleaded, answer and be answered unto, 
Powers. in all courts of law and equity; may have a common seal, 

and alter the same at pleasure; and they and their succes- 
sors may, also by that nan)eand style, be capable in law of pur- 
chasing, holding, conveying and disposing of any such real 
and personal estate, choses in action and securities, nego- 
tiable or otherwise, as may be expedient and necessary to 
enable the said company to carry on their operations and 
business ; and all deeds for the conveyance of the real estate 
of said company shall be signed by the president and by. 
the secretary of said company, if there be one, and be under 
the seal of said company. 
Business and § 2. The Said Corporation shall have power to carry on 
opera ions. ^j^^ manufacture of woolen and cotton goods or any other 
thing; to erect all necessary buildings and machinery for 
the successful prosecution of their business; to purchase_ 
and use all materials for such manufacture, and to procure 
the same by barter or exchange ; to vend such woolen and- 
cotton goods and other articles so manufactured ; and, gen- 
erally, to do and perform all other proper and needful acts 
incident to corporations established for such purposes. 
Management of § 3. The affairs of Said company shall be managed by 
affairs. ^ board of directors, not less than three and not more than tive, 

who shall be stockholders therein, and who shall, after the 
first year, be annually elected by the stockholders, in pur- 



MANUFACTURING COMPANIES. 347 

suance of by-laws to be made bj the said directors, to serve 
for one year and until their successors shall be elected. 
During the first year, and until the election of their snc- 
cessoi-s, the corporators named in the first section of this 
act shall constitute such board of directors. When any va- Directors— 
cancy shall happen among the directors by death, resigna- vacaneie.s. 
tion, refusal, or inability to serve, or otherwise, it shall be 
filled for the remaider of the term by the board of direc- 
tors: Provided, nevertheless^ that whenever the stockholders 
of said company shall nut exceed five in number, said 
stockholders shall be and constitute said board of directors, 
without other election or appointment. 

§ 4. The board of directors shall havie the manage- umiesof. 
ment of all the business of said corp( (ration, the application 
of its funds, the disposition of its property, and shall make 
all contracts. They shall choose from their number a presi- 
dent, and shall appoint a treasurer, who shall give bonds 
for the faithful discharge of his duties in such sum as 
the directors may require, and they shall appoint such 
other officers and agents as may seem to them necessary, officers, etc, 
and fix the compensation of tlie same. They may adopt By-iaws. 
such by-laws, rules and regulations for the government of 
said ct»rporation and the management of its afi'airs and 
business as they may think proper, not inconsistent with 
the laws of this state or of the United States; and shall 
within one year, adopt by-laws for the election of directors, 
as provided in section three (3) of this act. It shall be the 
duty of the directors to make annual dividends from the oi^iJends. 
earnings of the company, and whenever required by a ma- 
jority of the stockholders, shall exhibit a full and perfect 
statement of the debts and credits of the corporation, and 
of all such other matters as may be deemed essential, in rela- 
tion to the afi'airs of the company. 

§ 5. The capital stock ot said company shall be one capital stock. 
hundred thousand dollars, divided into shares of one hun- 
dred dollars each, with power by the vote of the stockholders, 
at a meeting duly called, to increase the said capital stock to 
any amount not exceeding five hundred thousand dollars. 
It may be subscribed for and paid in such manner and pro- 
portions as shall be prescribed by the by-laws and regula- 
tions of said company. Certificates of stock shall be issued 
to the holders thereof whenever the same shall be paid fur, 
and shall be deemed and pass as personal property, and 
shall be transferable on the books of the company in such 
manner as shall be prescribed by the by-laws; and ^'^ch "^^^'^^^of^ stock- 
share of stock shall be entitled to one vote in all elections 
for otiicers : Provided^ that said company may receive all 
the real and personal estate, machinery, rights and credits 
of the Rock Island Wuulen Manfacturing Company, or ^^""^^^^ ^^^^^, 
corporation organized under an act to authorize the forma- facturing com- 
tion of corporations for manufacturing, mining, mechanical 



Jnv. 



548 



MANUFACTURING COMPANIES. 



and chemical purposes, approved February 18, 185Y, and 
carryiijg on its operations at the city of Rock Island, Illi- 
nois, in payment for stock at such rates as may be agreed 

Rates of stock, upon by the two companies, and the said last above men- 
tioned company is hereby authorized to convey and trans- 
fer its said property to the company hereby incorporated : 
Provided, that upon such conveyance and transfer the com- 
pany hereby incorporated shall be used, [and] hereby is 

Liabilities. made liable for all the debts and liabilities ot said other 
company at the time of such transfer. 

indebtedness. § 6. The Said Company is hereby authorized to borrow 
money to any amount not exceeding one-lifth of its paid 
up capital stock ; and, for that purpose, may issue their 
bonds, bearing interest at a rate not exceeding ten per cent., 
and to receive the same, may execute one or more mort- 
gages upon all or any part of the profits and franchises of 
said company. 

^eou'n't^books'^°" § '''• ^^^^ company shall, at all times, keep proper rec- 
ords and books of account, in which shall be registered all 
the transactions of the corporation ; and, the same shall, at 
all times, be open to the inspeciion of stockholders. 

§ 8. This act shall be deemed a public act, and noticed 
as such by all courts, without pleading, and shall be in 
force from and after its passage. 
Approved Februarj'- 25, 1867. 



. rights, etc. 



In force Feb'y AN ACT to incorporate the Svenska Americanaren CoiiiDany. 

25, 1867. '■ ' -^ 

Section 1. Be it enacted by the People of the State of 
Illinois^ rei)resented in the General Assembly^ That John 
A. l^elson, Peter J. ELassander, Peter L. Hawkinson, Niles 
E.Peterson, Olof Johnson, Andrew A. Shelund, Peter M. 
Ahniui, John Peterson and Frederick T. Engstrom, and 
their associates and successors and assigns, ai'e hereby 

Corporate name created a body corporate and politic, under and by the 
name, style and title ot " ihe ovenska Americanaren Com- 
pany," with perpetual succession ; and, by that name, be 
and are hereby made capable in law and equity to sue and 
be §ued, plead and be impleaded, defend and be defended, 
in all courts of law and equity in this state or elsewhere ; 
to make, have and use a common seal, and the same to re- 
new or alter at pleasure ; and shall be and are hereby vested 
with all the powers, privileges and immunities which are 
or may be necessary to carry into effect the purposes and 

Capital stock, objects of tliis act. The capital stock of said company shall 



MANUFACTURING COMPANIES. 349 

be five thousand dollars which may be increased, from time 
to time, at the pleasure of a majority of the stockholders of 
said company, to one hundred thousand dollars, and said 
stock shall be divided into shares of ten dollars each ; which 
capital shall be used mainly in the printing, publishing and 
binding business, in the city ot Chicago, county of Cuok, 
and state of Illinois, and be invested in such engines, prin- 
ting presses, machinery, types, paper, fixtures, and such 
other articles as may be necessary to carry on the printing 
publishing and binding business. 

§ 2. Said company shall have power to manufacture, in Manufacturing 
the city of Chicago or elsewhere, paper, and such other ^?ivfieges.''"'* 
articles as they may use in the business of printing, pub- 
lishing and binding as aforesaid ; and shall have power to 
purchase and hold so much real estate and water power as 
may be necessary to carry out the provisions of this section, 

§ 3. Said company shall have power to purchase and pnsse.=sinn of 
hold all such real estate as may be sold under mortgage, "ai estate, etc. 
trust deed, execution or other legal process, to secure a^nd 
satisfy debts due to the said company. 

§ 4. The said company shall have power to purchase Purposes of real 
and hold so much real estate and lots, not exceeding two purchased. ^^ 
hundred feet (200 feet) front on any street in the city of 
Chicago, and to erect suitable buildings thereon, the same 
to be used mainly in the printing, publishing, binding and 
manufacturing business, as aforesaid ; and all real estate 
purchased under the provisions of the second and third and 
this section of this act may be sold, alienated and conveyed 
at the pleasure of said Svenska Americanaren Company. 
All deeds of such real estate shall be made to said The Sven- 
ska Americanaren Company, and deeds and conveyances 
made by said company shall be signed by the president and 
secretary of said company, and be attested by the corporate 
seal thereof. 

§ 5. Said company shall have power to lease such real Biiiidings, lease 
estate and buildings as may be necessary to carry on the 
business of said company; and said company may sub-let 
or lease to others such apartments or rooms in their own 
building or buildings, leased by them, as may not be needed 
in the printing, publishing and binding business, as aforesaid. 

§ 6. Said company may elect and appoint such officers o'^'="^- 
and servants as they may deem necessary, and fix their 
compensation and term of office ; and the said company 
shall have power to make all needful rules, regulations and 
by-laws for the regulation and direction of the afiiairs of 
said company ; and whenever five thousand dollars stock ■ • 

shall have been subscribed and fifty per cent, thereof shall 
have been paid in, it shall be lawful for the stockholders of 
said company to commence business under this act. 

§ 7. Whenever it shall be required of said company to *^*uhf°^!? ^l 
certify to the publication of any advertisement published adyerttsement. 



350 MANUFACTURING COMPANIES. 

by them, a certificate, signed by the president and secre- 
tary of said company, shall be deemed and taken as a cer- 
tificate of the publishers of said advertisement. 

This act shall take efi'ect and be in force from and after 
its passage. 

Appeoyed February 25, 1867. 



Oomiiiissionei's 



III force Feb"y AN ACT to authorize the city of Ottawa to subscribe to the stock of the 
'''' 1^^"' Ottawa Manufacturing Company. 

Section 1 . Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That William 
Reddick, Milton H. Swift, Jeremiah Wood, George Avery 
and Richard Thorn, be and they hereby are constituted a 
board of commissioners, for and on behalf of said city, to 
Stock subscrip- subscribe to the capital stock of "The Ottawa Manufactu- 
non. j.-j^g Company," the sum of one hundred thousand dollars ; 

and, when fully paid, to receive and hold the stock of said 
company for the same and tlie proceeds thereof for and on 
behalf of said city, 
indebtednes?. § 2. In ordcT to raise the money to enable said commis- 
sioners to make such subscription, they are hereby autho- 
rized, for and on behalf of said city, to make, execute and 
dispose of bonds of the same to the amount of one hundred 
thousand dollars, in sums of not less than one thousand dol- 
lars, at a rate of interest not exceeding ten per centum per 
annum, payable in not less than ten years, irrevocably 
pledging tlie faith and resources of said city for the ulti- 
mate redemption of the same and the payment of the inter- 
est thereon. Such bonds shall not be disposed of by said 
commissioners for less than their par value. 
Tates.. § 3. The city council of said city is hereby authorized 

and required, annually, after being notified by said com- 
missioners of the issuance of such bonds, to levy and col- 
lect, as other taxes are levied and collected, and at the same 
time and in the same manner, not less than six mills on 
each dollar of the assessed value of the real and personal 
property in said city. The proceeds of such tax shall be 
paid over by the collector of said city to the treasurer thereof, 
and by him kept as a separate fund, subject to the order of 
said commissioners, for the payment of the interest onsaid 
bonds ; and, in case of a surplus, the said commissioners 
shall invest the same in bonds of the United States or 
of the state of Illinois for the ultimate redemption of such 
bonds. 
President and § 4. The Said commissioncrs may appoint a president 
siyetonds: **" ^ud a Secretary, who shall be treasurer. The^ latter shall 
give bonds to said city, conditioned for the faithful discharge 



MANUFACTUKING COMPANIES. 351 

of his duties; and they may, also, appoint a proxy to vote 
on said stock at any meeting of the stockholders of said 
company, and instruct such proxy in what way to vote ; but 
no vote shall be given on said stock for either of such com- 
missioners, for directors of said company. 

§ 5. Said commissioners may, at any time, dispose of commissioners 
such stock, at not less than its par value ; and any holder 
of any such bonds may, at any time, exchange the same for 
an equal amount of said stock. In case of a sale of such 
stock or of any portion of the same, the said commission- 
ers shall, if practicable, take up said bonds, and, if not, shall 
invest the proceeds in bonds of the United States or of the 
state of Illinois. Said commissioners shall keep a record 
of their proceedings, and annually report to the city coun- 
cil their doings herein. Said commissioners shall be allowed 
all reasonable expenses, but no compensation for their ser- 
vices. In case of a vacancy in said board, by death, resig- 
nation, refusal or neglect to act, or removal from the county 
of La Salle, the circuit court of said county shall till such 
vacancy. 

Approved February 19, 1867. 



AN ACT to incorporate the Pioneer Manufacturin£r Company. la loree Feb'r 

^ "^ ^ • 19, 1867 

Section 1. £6 it enacted By the People of the State of 
Illinois^ represented in the General Assemhly. That J. G-. 
Osboru, L. F. Patten and P. S. Herman, their associates 
and successors, are hereby made and constituted a body 
corporate and politic, by the name and style of " The ^"^X-iahts*^* 
Pioneer Manufacturing Company ;" and, by such name, as ^'"^ "s^s^ec. 
such corporation, shall have perpetual succession ; may sue 
and be sued, may have a common seal, may make con- 
tracts, may make by-laws, and own %,o much real estate as 
shall be necessary for the purposes of said corporation, and 
may have and enjoy all the rights and privileges and be 
subject to all the liabilities of a body corporate. 

§ 2. The capital stock of said company shall be one capital stock. 
hundred thousand dollars ; but said company may enjoy 
all the rights and immunities hereby conferred when thirty 
thousand dollars shall have been subscribed and twenty 
per cent, of such subscription shall have been paid in. The 
capital stock shall be divided into shares of one hundred 
dollars each, and shall be deemed personal property, and 
transferable, as such, on the books of the company, in such 
manner and subject to such regulations as shall be imposed 
by the company. 



352 



Business, etc. 



Manufacturing 
stores, etc. 



MANUFACTUKING COMPAillES. 

§ 3, The business and affairs of said company shall be 
condncted by a board of five directors, to be elected an- 
nually, by the stockholders, and they shall elect from their 
number a president, secretary and treasurer, who shall per- 
form such duties and exercise such powers as the^ directors 
shall prescribe, and they may appoint other officers and 
agents. 

§ 4. Said company are hereby authorized to engage in 
the business of selling and manufacturing of stoves, cast- 
ings of all kinds made of any kind of metal, locomotives, 
railroad stock and trimmings, hardware of all kinds, and 
such other articles as they shall determine, and may estab- 
lish depots for the sale of their property, whether pur- 
chased or manufactured by them ; but the principal place 
of business shall be in Chicago, Illinois. 

§ 5. This act shall be a public act, and be in force from 
and after its passage. 

Appeoved, February 19, 1867. 



!n fcree Feb'y AX ACT to incorporate the American Anti-Incrustation Company, of 
19, 18bT, Cliicago. 



C )rpors,te name 
«nd style. 



Duties and 
powers. 



Stock subscK 



Section 1. Be it enacted hy the Feojjle of the State of 
Illinois, represented in the General Assembly, That Elias 
T. Watkins, Thomas L. Kimball, Henry W. Bishop, jr., 
John L. Thompson and John C. Clault, and their associ- 
ates, successors and assigns, and all such persons as shall 
become stockholders in the company hereby created, shall 
be a body politic and corporate, by the name and style of 
" The American Anti-Incrustation Company, of Chicago ;