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Full text of "Laws of the State of Illinois"

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Digitized by tine Internet Arciiive 

in 2010 witii funding from 

CARLI: Consortium of Academic and Researcii Libraries in Illinois 



http://www.archive.org/details/lawsofstateofilliv11869illi 



PRIVATE LAWS 



STATE OF ILLIN-QIS 



PASSED BY THK 



TWENTY-SIXTH GENERAL ASSEMBLY 



CONYENED JANUARY 4, 1860. 



VOLUME I 



SPRINGFIELD : 

ILLINOIS JOURNAL FEINTING OFFICE. 

18 6 9. 



TABLE OF CONTENTS 



ACADEMIES, COLLEGES, ETC. 

IXCOKPORATED PAGK. 

An act to incorporate the Bennett College of Eclectic Medicine and Surj^'erv. , . 1 

An act to incorporate the Benton Law Institute ?. 

An act to incorporate a Dental College , , . . 5 

An act to incorporate the Evanston College fur Ladies 6 

An act to incorporate the Englewood College and Chicago Female Univer.-itj, at 

Euglewood, in the county of Cook and state of lUinoi s 7 

An act t') incorporate the Genesco High School and Commercial College 9 

An act to incorporate the Jennings Seminary, at Aurora, lUinoiB 11 

An act to incorporate the Jersey viile Academy 15 

An act to incorporate the Lake Academy IS 

An act to incorporate the Illinois Medical College '20 

An act to incorporate the Mission and Industrial School of Chicago 22 

An aci to incorporate the Mount Vernon College -'■■> 

An act to incorporate the People's University 24 

An act to incorporate the Quincy College , 26 

An act to incorporate the Rock Falls College 28 

An act to incorporate St. Angelos Academy ~ 30 

An act to incorporate the Teachers' Institute and Classical Seminary, of East 

Paw-Paw, DcKalb county, Illinois 32 

An act to incorporate the Winetka Academy 3i 

New Pkitilec-es — 

An act to amend an act entitled "An act to incorporate Aiiingdon College," ap- 
proved February 13, 1355 • 3^ 

An act to amend an act to incorporate the Almira College, of Greenville, Bond 

county, Illinois, approved February 13, 1857 36 

■ An act to amend an act entitled "An act to incorporate the Augustatia College 

and Seminary," approved February 16, 1865 • • • 37 

An act to amend an act entitled "An act to incorporate Blackburn Theological 
Seminary," approved February 13, 1857 • ^^ 

An act to amend an act entitled "An act to incorporate the Chicago Academy of 
Sciences," and to exempt its property from taxation; . . ■ • • - ■''^ 

An act to amend an act entitled "An act to incorporate the Grand Collpge of the 
state of Illinois of the Workingmen's Relief Society," approved February 16, 
1865 •. • ■ • • 38 

An act to amend an act entitled "An act to incorporate the Bedding Seminary 
and Central Illinois Female College," [approved] February 9, A. D. 1857 39 

An act to amend an act entitled '' An act to incorporate the Kankakee Male and 
Female Seminary," approved March 4, 1807 ^'^ 

An act to reduce the law incorporating the Illinois Liberal Institute, and the 
several acts amendatory thereof, into one act and to amend the s-.ma, and for 
other purposes .* ' '^^ 

An.act to amend an act entitled "An act to amend an act entitled 'an act to in- 
corporate the Lind Unifersity,' approved February 13th, 1S57, and approved 
February 16tb, 1865 ../.,...,. ...., = ..,...... 43 



4; OONTEKTS. 

ACADEMIES, COLLEGES, ETC. 

NkAV privileges PAGE. 

An Hct to amend an act entitled "An act to incorpoi-i'te tlie Mutiopolis College," 
approved Fcoruary 22d, 1862 44 

An act to amend an act entitled "An act to incorporate the Monmouth College, 
in V.i^arren county," approved February 16th 1857, and an act amendatory 
thereof, approved February 18th, 1859.". . 4-1 

An act to amend an act entitled "An act to incorporate the Quincy College," ap- 
proved March G, 1869 ." 48 

An act to amend the charter of the University of Chicago 49 

An aot to amend an act entitled "An act to incorporate the Virginia Seminary 
of the Cumberland Presbyterian Church," approved June 14, 1852, and an act 
amendatory thereof, approved June 1, 1857 49 

An act to amend an act entitled "An dct to incorporate the Illinois "Wesleyan 
University," approved Feb. 12, 1853 52 

AGRICULTURAL. 

An act to incorporate the Chicago Agricultural Works 52 

An act to provide for recording certificates of life membership in the Coles 
County Agricultural Society, and to limit the time therefor. 54 

An act to incorporate the Jersey County Agricultural and Mechanical Associa- 
tion , 55 

An act to i:icorpor.ite the Pana Agricultural Works 58 

BANKS. 
Incorporated — 

An act to incorporate the Aurora Bank CO 

An act to incorporate the Adams County Bank 62 

An act to incorporate the Beardstown Banking Company 65 

An act to inc(/rporate the Belleville Banking Company 68 

An act to iiicorporate the Bloomington Banking Institution 70 

An act to incorporate the Carlyle Bank 72 

An act to incorporate the Carmi Banking Company 74 

An act to incoiporate the Central Bank 77 

An act to incorporate the Central Banking Company - 79 

An act to incorporate the Central Bank of Chicago 81 

An act to incorporate the Central Illinois Banking Af-sociaiion S3 

An act to incorporate the Centralia Banking Institution 87 

An act to incorporate the Chester Banking Company 90 

An act to incorporate the Chicsga Banking Company 93 

An act to iiicori)orate the Commercial Bank of Cairo 95 

An act to iiicosporaie the Commercial Bank of Mascoutah 97 

An act to incorporate the Cook County Banking Association 100 

An act to iucoi-porate the Danville Banking Company 102 

An i'.ct to incorporate the DeKalb Banking Company 105 

An act to incorporate the Dixon Banking Company 108 

An act to incorporate the DuQuoiu Bank 110 

An act to incorporate the Central Bank of DuPagc 113 

An act to incorporate the Elgin City Banking Company 115 

An act to incorporate Enterprise Bank of Cairo 118 

An act to incorporate the Exchange Banking Institution 120 

An act to iiieorporato the City Banking Company, of East St. Louis 122 

An act to incorporate the Farmers' Exchange Bank 125 

An act to incorpo.-ate the Farmers' and Mechanics' Bank of Cass county 127 

An act to incorporate tiie Farmers' and Mechanics' Bank 130 

An act to incorporate the Galva Banking Company 133 

An act to incorporate the German Banking Company 135 

An act to incorporate the Germania Bank of Chicago 137 

An act to incorporate the Illinois River Bank 139 

An act to incorporate the Jersey County Bank 142 

An act to incorp<>rate the Kane County Bank 144 

An act to incorjtorate tlie Kankakee Bank 146 

An act to incorporate the Kendall County Banking Company 149 

An act to Iricorporate the Lacon Bank 151 

An «-ct to incovDorfite the Lebi^j.Tn Bauk 154 



CONTENTS. 5 

BANKS. 

LN'CORPOr.AT£i> — 

PAGE. 

An act to incorporate the Litchtield Bank jj;g 

An act to incorporate tiic Lockport Baok **'.".'.'.'.'.'.'.'.*.".'. im 

Ah act to incorporate the iiaaufacturers' Bank of Moliao ..*.'.'.'.'.".'.".".'".. i si 

An act to incorporate the Marine Bank of Cairo .....].......[. 164 

An act to incorporate the Massac Real Estate Bank ...........[...... 166 

An act to incorporate the Monroe Banking Company lc.9 

An act to incorporate the National Banking Compaiiy .................. 171 

An act to incorporate the Bank of Commerce of New Athens, St." Claii- couutV 

Illinois , '. . . ^ 170 

An .act to incorporate the Nashville Banking Company. ...".".'. .'.'.*'..'.'.'.'" '.'.'.". i^e 

An act to incorporate the Normal Banking Company ". .........[.[[ 1*79 

An act to incorporate the OTallon Banking Company 18'2 

An act to incorporate the Ottawa Banking Company 185 

An act to incorporate the Pacific Bank ".'..*..'...'..".'.. 187 

An act to incorporate the Pekin Banking Company 189 

Ad act to incorporate the Peonle's Sank . . . 192 

An act to incorporate the People's Bank of Belleville .......[...[...[[[. 194 

An act to incorporate the People's Bank of Bloomington .".*.' 197 

An act to incorporate the People's Bank of Freeport ] 99 

An act to incorporate the Produce Exchange Bank of Staunton. 202 

An act to incorporate the Red Bud Bank 204 

An act to incorporate the Scott County Banking Company 20*7 

xin act to incorporate the Sparta Bank. 209 

An act to incorporate the Sterling Bank 212 

An act to incorporate the Tamaroa B:ink 214 

An act to incorporate the Union Bank of Quincy 217 

An act to ifiCorporate the West Side Banking Association.. . 221 

An act to incorporate the Winchester Bank 223 

An act to incorporate the Workingmen's Banking Company , 226 

New Pkivileges — 

An act to amend an act entitled "An act to incorporate the Merchants' Associ- 
ation of Chicago," approved Feb. 20, ISGl 228 

BENEVOLENT SOCIETIES. 
L\conp03ATi';D — 

An act to incorporate the Chicago Bakers' Relief Society, at Chicago, Cook 

county, state of Illinois 229 

An act to incorporate the Benedictine Order in Chicago, Cook county, Illinois. . 230 
An act to incorporate the Benevolent Society of the Free Methodist Church .... 232 

An act to incorporate the Cairo St. Patrick's Benevolent Society 233 

An act to incorporate the Centenary Camp Meeting Association of JoHet District 233 
An act to incorporate and legalize the incorporation of the Chicago Sick Relief 

Association 237 

An act to incorporate the Central Illinois Conference Preachers' Aid Soc!ety--a 
benevolent association organized ibr the relief of widows and orphans of de- 
ceased members of s:tid association 23S 

An act to incorporate the Druid Relief Association of Quincy, Illinois 239 

An act to incorporate the Friendly Sons of St. Patrick's Society of the city of 

Galesburg '. 211 

An act to incorporate the Hibernian Benevolent Society of the city of Bloom- 
ington , .•;• -"^^ 

An act to incorporate the Hospital of the Sisters of the Poor of the Order of St. 

Mary, of Quincy 243 

An act to incorporate the Illinois Seamen's Friends' Society 244 

An act to incorporate the LaSalle Priests of the Congregation of Missions 245 

An act to incorporate the Nev\'sboys' and Bootblacks' Home 246 

An act to incorporate the Presbyterian League of Chicago 247 

An act to incorporate the Schleswig-Holstein Mutual Aid Society ._ 248 

• An act to incorporate the Sisters of Loretto, of Chicago, state of Illinois 250 

An act to incorporate the Swedish Immigrant Association of Chicago 250 

An act to incorporate the Uhlich Evangelical Lutheran Orphan Asylum 251 



Cl 



b CONTENTS. 

BENEVOLENT SOCIETIES, 
New Pritileges — i'AGE. 

An act to amend an act entitled '"An act to incorpoi'Hte tlio Board of Directors 
of the Foreign and Domestic Missionary Society of the Cumberland Presbyte- 
rian Church of the United States." 254 

An act for the benefit of the Ohicngo Erring Women's Eefugo for Reform, and 
the Pious!' of tlie Good Shepherd, of Cliicago 254 

An act to amend Jiu act entitled ''An act to incorporate the Chicago Ilome for 
the Fiiendloss." 255 

An act supplemental to an act entitled "An act to incorporate the Hibernian 
Benevolent Society of Chicago." 256 

An net to amend an act entitled "An act to incorporate the Springfield Home for 
the Friendless.". 25G 

BREWERIES. 

An act to iacorporato Dick and Brothers' Quincy Brewery Company 2o'i 

An act to incorporate the Northwestern Brewery Company 260 

An act to incorporate the Riverside Brewery Company 263 

BRIDGE COMPANIES. 

IXCOKPORATED — 

An act to incorporate tiio Alton aiid Mississippi Bridge Company .... 265 

An act to incurpurate the Illinois River Bridge and Transfer Company 267 

An act to erect a toll bridge across the Kaskaskia river 269 

An act to incorporate the Metropolis and Kentucky Bridge Company 271 

An act to incorporate the Moline and Rock River Bridge Company 275 

An act to inc >rporatc the Paducah and Illinois Bridge Company 275 

An act to authorize ths building of a bridge r.cros3 the Illinois river at Peru. . . 278 
An act to incorporate the St. Clair and Carondelet Bridge Company . . 282 

New Pr.iviLEGEs — 

An act to amend an act entitled "An act to incorporate the Erie Bridge Com- 
pany," approved Feb. 16, 1865 285 

An act to amend an act entitled "An act for the construction of a bridge across 
Fox river, at Ottawa," approved Feb. 23, 1867 285 

An act to authorize the tov^is of Ottawa, South Ottawa, Farm Ridge, Deer Park, 
Fall River and Grand Eopids, in LaSalle county, to purchase the Illinois river 
bridge, in the city of Ottawa. 286 

Au act to amend an act entitled "An act to erect a toll bridge across the Ka:<- 
kaskia r.ver," approved March 30, A. D. 1869 280 

An act to re;)rganize the Vincenues Draw Bridge Company, and to esiablisu and 
define its power and privileges, and to enable it to erect a toll gate, and to fix 
and collect rates of tAl , 280 

BUILDING COMPAXIES. 
Incori'orated — 

An act to incorporate the Blue Island Land and Building Company 290 

An act to incorporate the Frankiin Home iJuiidiug Company 292 

An act to incorporate the Northv/estern Construction Company 296 

An act to incorporate the Union Building Association 297 

Nev,' Pkivileges — 

An act supplemental t) an act entitled " An act to incorporate tlic Blue Island 
La,nd and Building Company." 298 

CEMETERIES. 

IXCORFOUATED 

An act to incorporate the Big Rock Cemetery Association 299 

An act t> incorporate the' Blooming Grove Cemetery Association. -. . 3(.'0 

An act to incorporate the Bluff Cemetery Association of Hill:?bor:: 301 

An act to incorporate the Iluntsvilie Cemetery Association 302 

An act to incorporate the Lanark Cemetery Association 304 

An act to authorize the county superintendent of schools of LaSalle county to 
sell a part of the school land in town thirty-one north, range five east, in La- 
Salle county, to bo u<?ed as a cemetery. 308 

An act to incorporate the Luthcra!i Cemetery Association of Hillsboro 308 



contp:nts. . Y 

CEMETERIES. 
Incorporated — " pj^^j.. 

An act .to ineorpovate the Mount Hope Oemeterj Association 309 

An act to vest the title to the Mount, Pulaski" Cemetery in the president and 

trustees of the town of Mount Fulaski 3] 4 

An act to incorporate tho Mount Vernon Cemetery Association. ... SIC. 

An act to incorporate the managers of Oak Ridge Cemetery 319 

An act to incorporate the Oakwood Cemetery Association 321 

An act to incorporate the Westv/ood Cemetery Association 324 

New Privileges — 

An act to amend an act entitled "An act to incorporate the Oakwood Cemetery 

Association," and an act amendatory thereto ". 32G 

An act to authorize the board of oflicers of the Oakwood Cemetery, in the village 

of Turner, DuPage county, to raise money by assessment of lots 327 

An act to legalize certain proceedings of the Shelbyville Cemetery A.ssociation, 

and to authorize the president and council of the city of Shelbyville to hold, 

use and sell certain real estate as a burying ground 327 

An act to preserve the shore of Lake Michigan for residences 329 

An act to amend an act entitled "An act to incorporate the S':erling Cemetery 

Association," approved Feb. 16, A, D. 1SG5.., .■ " ". 329 

CHICAGO. 

J<Ew Privileges — 

An act to amend an act entitled "An act to reduce the charter of the city of Chi- 
cago, and the several acts amendatory thereof, into one act, and to revicC the 
same," approved Feb. 13, 18G3, and the acta amendatory thereof 330 

An act to amend an act entitled " An act supplementary to ' an act to reduce the 
charter of the city of Chicago, and the several acts amendatory thereof, into 
one act, and to revise the same,' approved Feb. 13th, 1863, and the several 
amendments thereto," approved March 9th, 1869 335 

An act supplementary to and amendatory of the charter of the city of Chicago 
and the several amendments thereto 335 

An act to amend ''An act supplementary to an act to I'oduce the charter of the 
city of Chicago, and the several acts amendatory thereof, into one act, and to 
revise the same, approved Feb. 13, 1868, and the several amendments thereto," 
approved 9, 1867.'. ' •, 336 

An act to amend an act entitled "An act to reduce the charter of the city of 
Chicago, and the several acta amendatory thereof, into one act, and to revise 
the same," approved Feb. 13, 1863, and also the several amendments thereof. 338 

An act supplemental to an act entitled "An act to amend an act to reducethe 
charter of the city of Chicago and the several acts amendatory thereof, into 
one act, and to revise the same," approved March 10, 1869 339 

Obligations — 

An act to authorize the city of Chicago to issue bonds, for the purpose of pay- 
ing the debt incurred for and attending the water and sewerage works yf said 
city, and also to purchase or lease grounds and erect school houses in said city, 
and for cleansing the Chicago river , , . . . . ■ 3-40 

Parks — 

An act to amend the charter of the city of Chicago, to create a board of Park 
Commissioners, and authorize a tax in ihe town of West Chicago, and for 
other purposes • '^*'^ 

An act supplemental to "An act to amend the charter of the city of Chicago, to 
create a board of Park Commissioners, and authorize a tax in the town cf 
West Chicago, and for other purposes," approved Feb. 27, A. D. 1869 .354 

An act to provide for the location and maintenance of a park for the towns of ^ 
South Chicago, Hyde Park and Lake ......... 358 

An act amendatory of and supplementary to "An act to provide for thejocation 
and maintensnce of a park for the towns of South Chicago, Hyde Park and ^^ 
Lake," approved Feb. 24, 1869 .^. .... ot-6 

An act to equalize amount of money expended for parks in Nerth, boutn and 
West Chicago ^faS 

An act to fix the boundaries of Lincoln Park, in the city of Chicago, and pro- 
vido for its improvement - • » 







8 CONTENTS. 

CHICAGO. 

Parks— ' page. 

Au act to amend an act entitled "An act to fix the boundaries oC Lincoln Park, 

and provide for its improvement." SYfi 

Au act to repeal a portion of an act herein named 377 

An act to amend an act entitled "An act to fix the boundaries of Lincoln Park, 
in the city of Chicago, and provide for its improvement, and to limit the issue 
of bonds therefor." 378 

Stkeets and Alleys — 

An act to authorize tfee common council of the city of Chicago to widen Ogden 
avenue or the southwestern plank road, and any one street connecting said 
faouthwesturn plank road with Picuben street — supplemental to Senate bill 776, 
passed March 9, 1869 379 

CnUKCHES. 

IXCORPOKATED — 

An act to incorporate the First German Evangelical Lutheran St. Paul's Society 

of the City of Kankakee, Illinois 380 

An act to incorporate St. Peter's Church, and for other purposes 381 

New Privileges — 

An act to enable the First Congregat'ondl Church and Society of Geneseo to 

amend their articles of association. . . 382 

An act to recognize the trustees of the Methodist Episcopal Church of Atlanta, 

Logan county, Illinois 382 

An act to change the name of the First Presbyterian Society of Galesburg 383 

CITIES. 
Elections — 

An act to enable the people of the city of Aurora, in the county of Kane, and 
state of lUiuois, to hold their annual election on the first Tuesday in March, 

A. D. 1869 3S3 

An act to enable the people of the city of Elgin, in the county of Kaae, and state 
of Illinois, to hold their annual elections on the first Monday in March, A. D. 
1869 384 

Incorporated — 

An act to incorporate the city of Areola, in Douglas county, and for other pur- 
poses 385 

An act to incorporate the citv of Atlanta, in the county of Lcg.-in, and state of 

Illinois .' ". 403 

An act to incorporate the city of Bushnell, in the county of McDonough, state 

of Illinois 426 

An act to incorporate the city of Carbondale, in the county of Jackson 461 

An act to incorporate the city of Evanston 474 

An act to incorporate the city of Highland Park, Illinois 513 

• An act to incorporate the city of Macon 524 

An act to incorporate the city of Mason City 531 

Au act to incorporate the city of Macon 542 

An act to incorporate the city of Moline, Rock Island county 552 

An act to incorporate the city of Morrison 583 

An act to incorporate the city of Nashville, Vv'ashington county , 608 

An act to incorporate the city of Oneida, in the county cf Knox, and state of 

Illinois ". 644 

An act to incorporate the city of Oregon 659 

An act to incorporate the city of Polo, Ogle county 670 

An act to incorporate the city of Paris 683 

An act to incorporate tie city of Pekin o 716 

An act to incorporate the city of Sycamore 750 

An act to incorporate tlie city of Tuscoli\, in Doaglps county, and for other pur- 
poses ." 772 

An act to incorporate the city of Yandalia 790 

An act to incorporate Yates City 813 



PEIYATE LAWS. 



ACADEMIES, COLLEGES, ETC. 



AN ACT to incorporate the Benn(2tt Colles^e of Eclectic Medicine and In force March 
Surgery. 25, 1S09. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That L. !S. 
Maior, W. D. Atchison, H, C. French, H. D. Garrison, incorporated. 
William M. Dale, H. K. Whittbrd, A. L.Brown, John 
Foreman, M. R. Tagarden, R. A. Gunn, A. L. Clarke and 
J. F. Cook, and such other persons as are or may hereafter 
be associated with them, and their successors, are hereby 
created and constituted a body politic and corporate, by 
the name of "The Bennett College of Eclectic Medicine 
and. Surgery ;" and by that name to remain and have per- 
petual succession ; with power to contract and be contracted 
with, sue and be sued, acquire, hold, use and convey pro- 
perty, real, personal and mixed, by devise, purchase, grant, 
gift or otherwise, as may be necessary to accomplish the ob- 
jects of the incorporation, and to lease, incumber and dispose 
of the same, in which case all conveyances shall be signed 
and acknowledged by the president and secretary of the insti- 
tution ; to have and' use a common seal, and alter the same 
at pleasure ; to make and alter by-laws f >r the government 
of the incorporation, its officers and agents : Provided, 
such by-laws be not inconsistent with the constitution and 
laws of the United States or of this state. 

§ 2. The object of the corporation shall be the estab- object, 
lisliment, support and government of an institution devoted 
to the instrucvion of persons in medical and surgical science ; 

—1 



Organization . 



Gifts, grants, 
etc. 



Government 
and discipline. 



ACADEMIES, COLLEGES, ETC. 

and said institution shall be located at Chicago, in Cook 
county, Illinois. 

§ 3. The estate and property of said corporation shall 
be in charge and under the control of^ and the affairs of 
said corporation shall be managed and transacted by a board 
of trustees, who shall have power to procure the necessary 
rooms and buildings, by purchase, lease or otherwise ; to 
elect, out of their body, a president, vice-president, secre- 
tary and treasurer, and define their duties and powers; to 
appoint, fix the compensation of, and dismiss professors, 
teachers and servants ; to establish and regulate the course, 
mode and books of study ; to adopt and enforce such by- 
laws, rules and regulations as they may deem necessary tor 
the government of the institution — not inconsistent with tlie 
constitution and laws of this state — its othcers, agents and 
servants ; to confer degrees and give diplomas, which shall 
have the same force and eifect and virtue as degrees and 
diplomas conferred and granted by similar institutions in 
this state ; and to have all other rights and powers neces- 
sary for the accomplishment of the purposes of this corpo- 
ration. 

§ 4. The persons named in the first section of this act 
shall constitute the first board of trustees, and their term of 
office shall expire on the election of their successors, who 
shall be elected on the tenth day of January, A. D. 1870, 
and on the same day of each and every year thereafter, by 
the stockholders of said corporation ; and said board of 
trustees shall consist of not less than twelve, nor more than 
twenty-four persons, as may be determined by the by-laws 
of said corporation — a majority of whom shall constitute a 
quorum. In case no election should be held on the days 
above specified the then existing board shall continue in 
office until their successors shall be elected, and may call a 
special meeting for that purpose. At all elections for trus- 
tees each stockholder shall be a voter, and shall be entitled 
to cast one vote for every share that he or she may owai. 

§ 5. If any gift, grant, devise or bequest shall be made 
to the said corporation for particular purposes, in accord- 
ance with the design of this institution, and the trustees 
shall accept the same, it shall be applied in conformity with 
the express conditions prescribed by the grantor, devisor or 
donor ; and if such grant, gift or devise be for no particular 
purpose, then it shall be applied by the board of trustees 
in such manner as they shall deem best for the institution. 

§ 6. The said institution shall be open to all persons of 
such age and qualifications as shall be prescribed by the 
by-laws of said corporation . Any student whose habits are 
idle or vicious, whose moral character is bad, or who shall 
not conform to the rules and regulaiions of said institution, 
may be suspended or expelled by the president, on the re- 
commendation of the faculty of the college. 



ACADEMIES, COLLEGES, ETC. c 

§ 7. The board of trustees shall cause to be opened , sui^scription 
books of subscription to the capital stock of said corpora- °°''^" 
tion, and may fix and liix'it the whole amount of the capital 
stock, and the amount of each share, and the n amber of 
shares ; and may close the said books whenever, in their 
judgment, a sutiicient amount shall have been subscribed 
for the purposes hereof; and they may increase the capital 
stock at any subsequent time : Provided, that said capital 
stock shall never exceed fifty thousand dollars. And lor 
the purpose of endowing said institution, said board of trus- 
tees may issue and dispose of scholarships on such terms 
and conditions as may be agreed upon between them and 
the person or persons receiving the same. 

§ 8. All property, real, personal and mixed [belonging] Property es- 
to the said corporation shall be exempt from all taxes for ^^^^' 
any and all purposes. 

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

Appkoved March 25. 1869. 



AN ACT to incorporate the Benton Law Institute. In force March 

^ 25, 1869. 

Section 1. Be it enacted by the People of the State of 
Illinois, fepresented in the General Assembly, That Francis 
M. Youngblo«»d, Andrew D. Dufi', Samuel E. Flanigan, corporators. 
William PI. Williams, Augustus V. Stover, Charles H. 
Tayman, William AV. Barr and Daniel M. Brownig and 
Thomas H. Dillon, and their successors, are hereby de- 
clared and constituted a body corporate, by the name and 
style of "The Bentcu Law Institute;" and by that name 
shall have perpetual succession ; and shall be capable in 
law to contract and be contracted with, sue and be sued, 
plead and be impleaded in all courts of competent jurisdic- 
tion, both in law and equity ; and shall have power to ac- 
quire, hold and enjoy both real and personal property, for 
tlie purposes and subject to the limitation hereinafter men- 
tioned ; may have and use a common seal, and alter or 
renew the same at pleasure. 

§ 2. The object of this corporation shall be to encourage object. 
and estabhsh a regular and systematic study of the law as 
a science, and facilitate the means of acquiring a more 
thorough and perfect knowledge of all the fundamental 
principles thereof by practitioners before entering the pro- 
fession. 

§ 3. For the purpose of carrying out the foregoing ob- ^ May hold real 
jeet, the said corporation shall have power to take, hold p;operty. 
and' acquire, by purchase, grant, gift or devise, real proper- 



A 



4 ACADEMIES, COLLEGES, ETC. 

ty to the amount, in value, of ten thousand dollars, and 
personal property to the amount, in value, of twenty thou- 
sand dollars ; which said property, or its value, shall be 
dividtd into shares of one hundred dollars ; which shares 
Shares tran&: or stock may be transferred in such manner as the directors, 

feiabie. j^^ their by-laws, shall prescribe. 

Directors § ^- '^^^^ board of directors mentioned in section one 

of this act shall, at their first meeting after this act goes 
into operation, organize by electing from their body the 

Organization, following officers : A president, secretar}^, treasurer and 
librarian. And the said board shall continue in office until 

Teim of office, the first Saturday in July, A. D. 1870, with full power to 

fill, by appointment, all vacancies which may occur by 

New hoard death or otherwise. On the first Saturday in July, A. D. 

chosen bienni- ^^g^Q^ ^^^ ^^ ^^^g ^^,^^ Saturday in every two years thereaf- 
ter, the stockholders shall elect nine directors — the old 
board in all cases to remain in office, with full power and 
authority to transact all business pertaining to the corpora- 
tion until the new board, or a majority of them, shall meet 
and organize by electing from among their number the 
officers aforesaid. 
Powers of di- § 5. The board of directors of this corporation shall 

rectors. have full powcr to enact and pass all by-laws, not in con- 

flict Avith the constitution and laws of the United States 
or of this state, which they may deem necessary in carry- 
ing out the ends and purposes of this incorporation ; and 
To appoint a shall have and exercise, among others, the following gene- 

facuity with ral powcrs, to-wit : to establish and appoint a regular and 

gnndry profes- ' ' r> i- -,1 n x-^i i? n • 

soiehips. permanent laculty with any or all ot the loUowmg pro- 

fessorships, to-wit : J^irst, a professor of law generally. 
/Second, a professor of American and constitutional law. 
Third, a professor of common and ancient law. Fourth, a 
professor of languages. I'ifth, a professor of histctry, an- 
cient and modern. Sixth, a professor of political economy. 
To fix the stipend of professors and salaries of officers ; to 
fix and assess the admission fee of students ; to fix and 
prescribe the requisite qualifications of students prior to 
admission ; to ordain and establish a gradation of studies in 

Degrees. Said institute ; to provide for conferring the usual degrees 

in said law institute, both pro meritis and honorary — but 
no student sliall have conferred upon him the degree of 
Bachelor or Master unless he shall have regularly gradua- 
ted, nor unless the professor of law shall certify that he is 
worthy of such degree; to fix the time of commencing the 
session of said institute as well as the lime of vacation. 
In default of § ^- 1^) froiB any cause, the biennial election sliould 

regular election faj} to be held ou the day fixed by this act, then the i)resi- 

president to set i n i • i o i^ i i Vl- 

another day. dent Shall designate some other Saturday for such election, 
by publication or otherwise, in such manner as may be 
provided by the by-laws. 



ACADEMIES, COLLEGES, ETC. 5 

§7. The secretary of state shall furnish to the librarian of secretary of 
said institute, for the use of said iiistitute, all the following hl^'oL'an™^- 
books and papers, to-wit: One copy each of all the statutes, ^'^''^" 
session laws and journals of both houses of the legisla- 
ture, and the journals of the constitutional conventions of 
this state that may now be on hand, and one copy each of 
the supreme court reports now on hand or that may hereaf- 
ter be issued, and, also, one copy each of all the revised 
statutes, session laws, senate and house journals, and con- 
vention journals of this state that may hereafter be issued 
by tliis state ; also, one copy each of the digest of the su- 
preme court, now published or hereafter to be issued, which 
can be had for public, distribution. 

This act shall be deemed a ptiblic act, and be in force 
from and after its passage. 

Appkoved March 25, 1869. 



AN ACT to incorpoiate a dental college. In force March 

12, 1869. 

Section 1. Be it enacted hy the People of the State of 
Illinois, rejyresenttd in the General Assembly, That Horace corporators. 
White, Albau JST. Towne, Thomas Drummond, Francis 
Munson, Kobert Colyer, George S. Bowen, George Hibben, 
Eobert L, liea, Samuel B. Nuble, John B. Eice, George H. 
Gushing, Robert C. Hammel], and their associates and suc- 
cessors forever, accordnig to such by-laws as may be adopted 
by the corporation, shall be and are hereby made a body 
politic and corporate, under the name and style of " The Name and style. 
Chicago Dental College," with all the rights, powers, privi- 
leges and authority of corporations, for the purpose of estab- 
lishing and maintaining a dental college and dispensary in the 
county of Co^k, and the state of lUinois ; and to that end 
said corporation may contract and be contracted with, con- 
vey and receive conveyances, receive and make obligations, 
have a common seal or act without one, receive and use 
donations and endowments, acquire, dispose of, deal with May hold real 
and l)old real estate and personal property, and otherwise *''^'''^- 
act in that be'nalf as- natural persons may do. 

§ 2. Said corporation may provide, by by-laws, to be ^^ officers and 
adopted by a majority of the corporators, for trustees or ^""^^ '• 
directors, for othcers and agents, for a dental college and 
faculty thereof, for theinstritctionof students in dental med- 
icine and surgery, and for the conferring of degrees, for 
income, revenues, endowments, and all such other matters . 
and things as may seem expcdi': nt to promote the objects 
of the creation of said corporation ; and such by-laws may 



'/!^:' 



ACADEMIES, COLLEGES, ETC. 



be afterwards changed by a majority of the members of the 
corporation, if they should think expedient, 

§ 8. This statute shall be deemed a public act, and shall 
be in force from the date r»f its passage. 
1869. 



In forco Slarcli AN ACT to incorporate the Evaiiston College lor Ladies. 

12, 1S59. 

Section 1. Be it enacted hy the Peojyle of the State of 
Illinois^ represented in the General Assembly, That Melincla 

Corporators. Hamliue, Mary F. ilaskiu, Caroline Bishop, Elizabeth M. 
Greeiileaf, Harriet 8. Kidder, Harriet IST. Noyes, Mary T. 
"Wiliard, Cornelia Lunt, Maria Cook, Margaret P. Evans, 
Sarah G. Hurd, Annie H. Thompson, Mary J. K. Huse, 
Abby L. Brown, Yirginia J. Kent, and their successors, be 
and they are hereby constituted a body corporate under the 

Name and sfyie. name and style of "The Evanston College for Ladies," 
located in Evanston, in the county of Cook, for the purpose 
of the education of girls in the various departments of 
literature, science and art. The corporation hereby created 
shall remain and have perpetual succession, shall have 
power to sue and be sued, to plead and he impleaded, to 
acquire, take, hold and use, in trust and otherwise, and 
convey property, real, personal and mixed, in all lawful 
ways, for the promotion of the objects of tiiis incorporation ; 

To have a com- to have and use a common seal, and alter the same at pleas- 
monseai. ^^^.^ . ^^ ijjake and alter, from time to time, by laws, as they 
may deem necessary for the government of said institution, 
its officers and students: Frovided, such by-laws be not 
inconsistent with the laws of this state or of the United 
States. 

Term of office. § 2. Of the persons named as trustees in the first sec- 
tion of this act, five shall hold office for one year, five for 
two years, and live for three years, in an order to be deter- 
mined by lot; and their successors shall be elected, upon 
recommendation of said board of trustees, by that annual 
conference of the Methodist Episcopal church within whose 
bounds said institution shall be located, and shall hold office 
for three years; and a majority of said board of trustees 

Quorum to do &hall bc members of the Methodist Episcopal church. The 
^'i^^iiiess. presence of a ma-jority of the trustees at all regularly ap- 
pointed meetings of the board shall constitute a quorum to 
do business. 

Mr.v confer de- g 3. The trustecs may establish or endow professorships, 
giees, e c. gQ]iQ]arships and prizes, confer literary honors, certificates, 



ACADEMIES, COLLEaES, ETC. 7 

testimonials and degrees, and grant diplomas to the same 
extent as is done by any college, university or seminary of 
learning in the United States. 

§ 4. Power and authority are hereby given to this cor- Locating of coi- 
poration to become annexed, for the purpos'es of educational ^^^^- ° 
and university union to any school, college or institution 
of learning, or to any affiliated society of schools, colleges 
or institations of learning, located or that may hereafter be 
located in the county of Cook, upon such terms as may be 
agreed on, and to such intent as shall not be inconsistent 
with nor infringe upon the trusts and powers authorized by 
this act of incorporati(>n ; and it may adopt a name, and corporate pow- 
under such nar.e shall have and may exercise all the cor- 
porate powers hereby granted as fully as if this incorpora- 
tion had been granted by such assumed name. The right, 
however, of conferring diplomas and degrees, authorized in 
section third of this act, may be transferred to the senate, 
council or regency governing the said affiliated institutions 
of learning. 

§ 5. The property of said institution, of whatever kind, Exempt from 
shall, while owned or held by said institution, be exempt 
from taxation for any purpose. 

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

Appkoved March 12, 1869. 



AN ACT to incorporate the Englewood College and Chicago Female In force April 
University, at Englewood, in the county of Cook and state of Illinois. ^■*' 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly, That J. corporators. 
Young Scammon, Benjamin Lombard, H. O. Stone, John 
B. Sherman, Samuel A. Briggs, George S. Buwen, John 
Y. Farwell, Lewis W. Beck, John L. Gerber, William E. 
Phelps, John F. Eberhart, Zenas Coleman, Henry B. Lewis, 
]M. T. Wright, L-a J. ^N'ichols, Archelaus G. Warner, Wil- 
liam R. Brooks, jr., John K. Rowley, Daniel Burcky, M. 
M. Tooke and James F. Kinney, and their associates and 
successors, be and they are hereby created a body corpo- 
rate and politic, to be known by the name and style of "The Name and styi . 
Englewood College and Chicago Female University," and 
by^hat name and style shairremain and have perpetual 
succession, shall sue and be sued, contract aiid be contracted 
with, and shall take, hold, acquire and dispose of real and 
personal property by purchase, grant, gift, devise, or other- 
wise, for the purposes and benefits of this association. 



^> 



To appoint pres- 
ident. 



Board of trust- 



By-laws, rules 
etc. 



Conimon seal. 



Number 
trustees. 



Power to con- 
Bolidate. 



Certificates of 
scholarship. 



ACADEMIES, COLLEGES, ETC. 

§ 2. The object of this act is to promote the cause of 
education, and "to establish and maintain a school of high 
order at En^lew 'od, in the county of Cook, and state of 
Illinois ; and for that purpose the board of trustees of said 
Englewood College and Chicago Female University shaft 
have power to erect all necessary and suitable buildings, to 
appoint a president of said board, to establish departments 
for the study of any and all the learned professions, and 
employ suitable and necessary professors and teachers, and 
to confer the honorary degrees m any and all of the liberal 
and learned arts and sciences and belle lettres, and such 
other academical degrees as are usually conferred by the 
most learned institutions. 

§ 3. The persons herein named as corporators shall con- 
stitute the tir -t board of trustees of said Englewood Col- 
lege and Chicago Female University, any eleven of whom 
shall have power to organize under this act, and shall con- 
stitute a quorum for the transaction of business. 

§ 4. The trustees of said Englewood College and Chi- 
cago Female University shall have power to adopt such by- 
laws and to establish such rules and regulations as may be 
necessary and proper for tl\e purpose of fully and effectu- 
ally carrying out the objects of said corporation hereby 
■createfi, and may alter, amend or abolish the same at pleas- 
ure : Provided^ always^ such by-laws, rules and regulations 
shall not be inconsistent v;ith the constitution and laws of 
the state of Illinois and of the United States. 

§ 5, Said corporation hereby created shall have power 
to adopt and use a common seal, and to alter and renew the 
same at jtleasure. 

§ 6. The number of trustees of said Englewood College 
and Chicago Female University" shall not exceed twenty- 
one, and the board of trustees, or any eleven of them, shall 
have the power and it shall be their duty, after their organi- 
zation and within six months from the date of their organi- 
zation, to provide for the time, place and manner of electing 
their successors, and of Ulling any and all vacancies that 
may occur from time to time, by death, resignation or oth- 
erwise. 

§ 7. Said Englewood College and Chiougo Female Uni- 
versity shall have pov/er to consolidate with the Rock River 
College Association ; and while in the management, govern- 
ment and arrangement of said Englewood College and 
Chicago Female University, the great principles of chris-- 
tianity shall be recognized and at all times observed, yet it 
is expressl}^ provided that the same shall not be sectarian 
in its ciiaracter. 

J; S. Said corporation may issue certificates of scholar- 
ship, eir'iier limited or perpetual, u]xm such terms as the 
board of trustees and the party contracting for such schol- 
artliip may agree; and the benefit of said scholarship shall ■ 



ACADEMIES, COLLEGES, ETC. 9 

inure to the holder thereof, his or her assisrus, so long as 
the covenants therein agreed to by the person or persons 
contractiDg for or lawfully owning' such scholarship, shall 
continue to be faithfully performed, and no longer, except 

>at the option of such corporation. 

§ 9. Said corporation is hereby authorized for the pur- May borrow 

•pose of carrying out the objects of this act, to borrow money ^°'^^^- 
from time to time, at a rate of interest not exceeding ten 
per cent, per annum ; and in case of any loan the board of 
trustees, in their corporate capacity, sliall have full and 
ample power and authority to execute and issue such bonds igfue^cf ^ ^^^ ^® 
or other obligations, and also all such securities by wa,y of 
mortgage or otherwise, upon the property of said college 
and seminary, as may be requisite and proper for such 
purpose. 

§ 10. No spirituous, vinous or fermented liquors shall I'enaitj- for seii- 
be sold, under license or otherwise, within one and one-half 
miles of said Eugiewood College and Chicago Female 
University, under a penalty of twenty-live dollars for each 
and every otfense, to be recovered in an action of debt in 
the name of the county of Cook, and for the use of schools 
in said county of Cook, in the state of Illinois, before any 
justice of the peace of said county: Provided^ hoioever^ 
this section shall not apply to any such liquors as may be 
sold within said limits for purely medicinal, mechanical or 
sacramental purposes. 

§ 11. This act shall be deemed a public act, and shall take 
effect and be in force from and after its passage. 
Approved April 14, 1869. 



AN" ACT to incorporate the Geneseo High School and Commercial College. In force when 
^ adopted. 

Whekeas, by an act of the legislature of this state, Preamble, 
therein was incorporated an institution of learning, known 
as "The Geneseo Manual Labor High School," the name 
of which was changed to that of " The Geneseo Seminary" 
by an act approved February 11th, 1853 ; and, whereas, 
said institution now owns certain real and personal prop- 
erty, situated in the city of Geneseo, in Henry county, 
that has not been'for a long time used for the purpose for 
which it was intended, and is fast going to waste ; now, 
therefore, for the purpose of saving said property and using 
the same for educational purposes, as originally contem- 
plated. 

Section 1. Be it enacted hj the Feo])le of the State of 
Illinois, represented in the General AssemUy, That all the Boundaries, 
territory now included within the boundaries of the town- 

9, 



10 ACADEMIES, COLLEGES, ETC. 

ship of Geneseo, in the county of lienry, and state of Illi- 
nois, be and is hereby established a common high school 

Na-re of school district, to be known as "The Geneseo High School and 
dietnct. Commercial College District." 

Care of institn- § 2. The government, care and superintendence of the 

tion and funds, g^id institution and of the funds and estate, both real and 
personal, belonging to, and which may be hereaiter ac- 
quired by or conveyed to said institution, shall be vested 
in a board of three trustees. 

Board of traa- § 3, The following named persons, to-wit : Joseph A. 
"^^^- Sawyer, Stephen T. Hume, and George E. Wait, shall com- 

pose the first board of trustees, until their successors are 
duly elected and qualified as hereinafter provided. It 
shall be the duty of said persons, or a majority of them, to 
assemble within ten days, or as soon thereafter as may be, 
after the passage of this act, in the city of Geneseo, and 

When to organ- Organize as such board of trustees, by electing one of their 
'^"' number president, and one as clerk of said board. They 

shall appoint a treasurer of said school district, and shall 
have all the powers, and be governed in all other respects 
by the provisions of this act, so far as the same may be 
applicable. The said trustees, or a majority of them, shall 

Vacancies-how have power to fill vacancies in their number occasioned by 
filled. declination, disqualification, resignation, death or removal 

from said school district. 

Terms of office. § ^- The persons composing said board of trustees, pro- 
vided for in the preceding section, shall hold their oflice as 
follows : One of them "until the first Tuesday of April, 
1870; one of them until the first Tuesday of April, 1871, 
and one of them until the first Tuesday of A])iil, 1872. 
I The respective terms of oflice of the members of said board 
appointed and provided for as aforesaid, shall be deter- 
mined by them at their first meeting by casting lots. 

Election to fill § 5. On the first Tuesday in April," A. D. 1870, and at 
vacancies. ^he Same time annually thereafter, an election shall be held 
to elect successors to those meaibers whose terms of ofiice 
are then expiring, and to fill all vacancies, if any, occurring 
in said board during the preceding year. The persons 
elected at such annual elections shall hold tlieir offices for 
three years, or until the expiration of the unfinished terms 
which they have been elected to fill, as the case may be. 

Power of true- § 6. The Said board of trustees, or the remaining mem- 
tees. ]3gj,g thereof, shall have power to fill, until the ensuing 
annual election in said district, all vacancies in said board, 
occasioned by death, resignation, disqualification, failure to 
elect, or removal from said district, and to fill by appoint- 
ment vacancies among the ofiicers of said board, occasioned 
by any of the causes aforesaid. The members of said 
board and the treasurer appointed by them, shall, previous 

Oath of office, to entering upon their ofdcial duties, take an oath, in addi- 
tion to those prescribed by the constitution of this state, 



ACADEMIES, COLLEGES, ETC. 11 

faithfully and impartially to discharge the duties of their 
respective offices to the best of their abilities. 

§ T. Notice of such annual elections shall be given in Notice of eiec- 
the same manner and by the same person now required for ^^°^- 
calling town meetings and the election of township offi- 
cers, and said election shall be held at the same time and 
place that the election is held in said Geneseo township for 
the election of township officers. All who are voters now, 
or may hereafter be entitled to vote for township officers, 
shall be permitted to vote at the election of said trustees 
or upon the submission of any question herein provided 
for. 

§ 8. Said board of trustees is hereby created a body Bo^^y f^onwate 
corporate and politic, by the name of "The Board of Name aM style. 
Trustees of the Geneseo High School and Commercial Col- 
lege," and by that name may sue and be sued, plead and 
be impleaded, answer and be answered unto in all courts 
and places, contract and be contracted with, and have per- 
petual succession and a common seal, and the same may 
alter or change at pleasure. Said board may exercise, in 
the furtherance of the objects contemplated by this act, all 
the powers conferred on school trustees of townships or Power of board. 
board of directors of school districts by any law now in 
force or that may hereafter be enacted. Said board shall 
have power to receive and hold, in their said corporate 
name, all real and personal property that may be conveyed, 
given or devised to it for said district, and in the said cor- 
porate name to dispose of and convey the same for the 
benefit of said district. All conveyances of real estate 
made by said board shall be executed and acknowledged 
by the president of said board, and attested by the corpo- 
rate seal and by the signature of the clerk : Frovided, 
that all such conveyances shall be authorized by a resolu- 
tion of said board : Atid provided, further, that all sales, 
purchases and conveyances of the school buildings and 
grounds appurtenant thereto shall be first determined by 
a majority of the votes cast by the electors of said district 
upon the submission by said board of the question of such Q^esHono^f^saie 
sale at an annual election, due notice having been first 
given, as provided in section seven of this act. 

§ 9. Said board of trustees shall have the following Additional pow- 
additional powers : Mrst.— It shall have power to estab- 
lish, maintain and regulate a high school and commercial 
college, with the necessary departments, within said dis- 
trict. Second.— To prescribe, by regulations,^ the quahfi- Q^/^'Sr. 
cations for admission into said institution and its respective 
departments of persons residing in said district, and also to 
provide for the admission into the same of persons residing 
without said district, upon such terms and_ payments for 
tuition as said board shall regulate ; but in fixing the rate 
for those residing within the district, they shall take into 



12 ACADEMIES, COLLEGES, ETC. 

consideration the amount of taxes paid by the tax-payers ol 
said district for the benefit of said school. And the said 
board may admit persons ret^idin^^ within the district free 
of charge : Provided^ the electors of said district, upon 
the submission by said board of the question of whether or 
not the persons residing; within the said district shall be 
taught free of charge, at an annual election, due notice 
liaving been given in the election notice, shall determirie to 

Buildings to be (lo SO by a majority vote. Third. — To erect, repair suita- 
ble buildings for the purposes of such institution, and to 
have control and custody of all the property of the same. 

To adorn and FouHli. — To buy site for erecting the necessary build- 
grounds. i^gs thercou, with necessary grounds, and to adorn and 
improve the same. 

Pnrnitiire, 11- l^ifth. — To famisli Said institution with necessary fix- 
lary, etc, turcs, fumiturc, books, apparatus and libraries, and to pro- 
vide for the proper care, protection and maintenance of the 
same. 

compenFation Sixth. — To employ teachers, determine their duties, and 

teachers^ °^ ^^ Compensation to be allowed them, from time to time, 

either by a fixed salary or certain tuition fees, and at any 

meeting, all the members of said board being present, to 

dismiss such teachers, or any of them. 

Branches to be iieveiith. — To direct what studies and branches of learn- 
b^ooks.' ^^ ' ing shall be taught, and what text-books shall be used in 
said school and its several departments. 

Resniations for Eighth. — To establish departments, or difi'erent grades 
ffMgh™chooi i^ said school, and to make all necessary rules and reguhx- 
tions for the admission and advancement of applicants and 
pupils, and for the government of said high school and its 
departments ; to suspend or expel pupils guilty of disobe- 
dience or immoral conduct, or possessed of any infectious 
or contagious disease. 

Agents and eer- Ninth. — To appoint agents and servants to execute any 
matter conducive to the interests of said school district, and 
for their services to pay them a reasonable compensation. 

Mayborrow^ Tenth. — For the purpose of erecting^ such buildings and 



issue bonds, additions thereto, necessary for the use of said institution, 
and of repairing and improving the same, and purchasing 
real estate, libraries, apparatus and other objects contem- 
plated by this act, or of paying indebtedness contracted 
therefor, it shall be lawful for said board to borrow money 
and to issue bonds therefor, in such sums as they may 
think best, bearing interest not exceeding ten per cent, per 
annum, which bonds shall be executed as provided herein, 
for the conveyance of real estate, and may be secured by 
mortgage on the real estate of said corporation, and also 
Tax tobe levied to Icvy annually, and have collected, in the same manner 
poses!'^*''^'^'" as other school directors for school purposes, a tax not ex- 
ceeding one-tenth of one per cent, on the one hundred dol- 
lars assessed valuation ^.f all the taxable property ia the 



ACADEMIES, COLLEGES, ETC. 13 

school district hereby created, for ordinary school piir- 
poseS: and the same rate for builrling purposes. It is, how- 
ever, provided, that said tax shall be iis;-essed separate, 
and be so kept and expended fur the purpose for which 
it was contemplated. 

§ 10. Said board shall hold regular meetings, and shall Ee.-uiar meet- 
make, from time to time, all needful rules and regulations ^"^s. 
for its government and that of all officers and teachers, and 
for the control, care and management of the institution's 
funds and property. The clerk shall record the proceed- Duty of clerk, 
ings of all meetings, tlie result of all electi^ms held under 
this act, and the rules and regulations of said board. The 
said record shall be signed by the president and attested by 
the clerk, and the same, or certified copies thereof, under 
the hand of said clerk, and the seal of said board, shall be 
'prima facie evidence of the proceedings of said board and 
other facts therein contained, in all courts and places. The 
records shall be open to the inspection of tax-payers. 

§ 11. Said board may make such rules concerning the Dntyof treasn- 
duties of the treasurer and the dispositi<^'n of the funds as ^ond.'" ^^^® 
are not inconsistent with this act ; and it shall be their duty 
to require a sufficient bond, with securities, to be approved 
by said board. It shall be the duty of said treasurer to 
receive and keep all money due and payable to said district. 
He shall keep an accurate account of all moneys received 
and paid out by him, and shall pay out no moneys excejjt 
on the order of said board, which order shall state for what 
purpose, and must be signed by the president of the board. 
He shall take and j^reserve vouchers for all moneys so 
paid out, and shall, once a year, or when required so to 
do by the board, settle his accounts with said board, and Treasurer to 
shall produce his books and papers to said board when . boaJd. ^"'^ 
required so to do. 

§ 12. The board of trustees of the " Geneseo Semi- Board author- 
nary," or a majority of them, are hereby authorized and land. "'^"^^^^ 
empowered to convey and deliver to the board of trustees 
hereby created, for the uses and purposes herein contem- 
plated, all the property, both real and personal, now in 
their possession or charge as trustees of the "Geneseo Sem- 
inary." And when said board of trustees of said "Geneseo 
Seminary" shall have made, executed and delivered, in 
due form, a conveyance to the said board of trustees, 
created by this act,- of all such property, both real and 
personal, belonging to said "Geneseo Seminary," then 
said property, both real and personal, shall become vested 
in the board of trustees hereby created and their successors 
in office forever, for the use and benefit of the people of 
the town of Gene eo, in Henry county, 

§ 13. Nothing in this act shall be construed as affect- Not to affect 
ing the present organization of the common school districts in S-fct.^'^ "'*' 



14 



ACADEMIES, COLLEGES, ETC. 



said township, or the control and conduct of the same under 
the general Saws of this stale. 
Act to be sub- § 14, Tlie adoption of this act shall be submitted to a 
S"Stirl^^ vote of the legal voters of said township at the next annual 
town meeting. The ballots on that subject slsall be in- 
dorsed " For High School and Comruercial College," or, 
"Against High School and Commercial College." If a 
majority of the vrtes cast at such election shall be " For 
High School and Commercial College," then this act shall 
be in full force and etfect, otherwise it shall not go into 
operation. 

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

Appkoved March 11, 1869. 



In force IMarch 

;i7, 1369. 



Corporators. 



By-laws. 



AN ACT to incorporate the Jennings Seminary, at Aurora, Illinois. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ repvestnted in the General Assembly^ That George 
W, Qu<3reau, Erasmus Q. Fuller, Caleb Foster, Samuel 
McCarty, Charles H. lieeves, William Brown, George B. 
Morse, Isaac Limbarger, John YanNortwick, Jacob lloet- 
man, W. C. Willino;, Charles II. Fowler, W. S. Harrington, 
A. L. Sewell, Seth Terry, Wm. A. Smith, W. F. SteWart 
and Henry Pantou, and their successors, are hereby con- 
stituted a body corporate, under the name of "The Jen- 
nings Seminary," for the purpose of maintaining a seminary 
of learning in Aurora, county of Kane ; to remain and have 
perpetual succession, with powers to sue and be sued, to 
plead and be impleaded, to acquire, take, hold and use, in 
trust and otherwise, and to lease, convey and dispose y>f 
property, real, personal and mixed, in all lawful ways, for 
the promotion of the objects of this incorporation ; to have 
and use a common seal, and alter the same at pleasure ; to 
make and alter, from time to time, such by-laws, for the 
government of said institution, its officers and students, as 
they may deem necessary: Provided^ they are consistent 
with the laws of this state and of the United States of 
America ; and to confer such academical or honorary diplo- 
mas or degrees as are conferred by similar institutions. 

§ 2. The persons named in the first section shall consti- 
tute the first board of trustees, of whom six shall hold ofiice 
for one year, six for two years, and six for three years, in 
an order to be determined by lot. Their successors shall 
hold office for three years, and three of them shall be elected 
each year by the corporation, and three each year by the 



ACADEMIES, COLLEGES, ETC, 15 

annual conference of the Methodist Episcopal church within 
the bounds of which said institution is located. The trus- 
tees shall choose their own officers, make their own by-laws, 
hold office until successors are elected and qualified, 'and 
may till vacancies until the next election ; and five trustees Vacancies, 
shall constitute a quorum to transact business. The num- 
ber of trustees may be increased to twenty four, to be 
elected in the same manner and for the same* time as pro- 
vided above. 

g 3. The property of this corporation shall be and re- Exempt from 
main free from taxation and assessment. tasatiou. 

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

Approved March 27, 1869. 



AN ACT to incorporate the Jerseyville Academy. 



In force JIarch 
31, 18G9. 



Section 1. Be it enacted hy the Peo2ile of the State of 
Illinois^ represented in the General As semUy^ That William corporators. 
Shephard, Oliver P. Powel, Benjamin "Wedding, William 
H. Allen, Emmor Brinton, Phineas Eldridge, Archibald 
Craig, David R. Herdman, James li. Belt, Hugh IN". Cross, 
George H. Jackson and Joel Cory, and their successors in 
office, be and are hereby created a body politic and corpo- 
rate, under the name and style of '"The President and Name and style 
Trustees of the Jerseyville Academy," and by that name 
and style to remain and have perpetual succession. The 
said academy shall be and remain in or within one-half- 
mile of the city of Jerseyville, in the county of Jersey and 
state of Illinois. The number of trustees shall not exceed Number of 
the number of twelve, one of whom shall be president and ^'■^^^'^^s. 
another secretary of the board, to be chosen by the trustees ; 
and, under the above name and style, shall have power to General powers, 
make contracts, to sue and be sued, to plead and be im- 
pleaded, to answer and be answered unto in all courts and 
places, to grant and receive by its corporate name, and to 
do all other acts as natural persons may or could do ; to 
accept, acquire, purchase or sell property, real, personal or 
mixed, in all lawful ways ; to use, employ, manage and dis- 
pose of all such property and all moneys belonging to said 
corporation, in such manner as shall seem to the trustees 
best adapted to promote the objects of education ; to have 
a common seal, and to change and alter the same at pleas- 
ure; to make such by-laws for its regulation as are not 
inconsistent with the constitution of the United States and 
of this state ; to confer, on such persons as may be consid- 



16 ACADEMIES, COLLEGES, ETC. 

ered worthy, such academical or honorary degrees as are 
usually coutbrred by similar institutions, 
eourse ot §_ 2. The trustees of said incjr-poration shall have 

studies, authority, from time to time, to prescribe and regulate the 

course of studies to be pursued in said academy ; to estab- 
lish departments for the study ot any and all the learned 
and liberal professions ; to fix the rate of tuition and other 
academical expenses ; to appoint instructors, and such other 
officers and agents as may be necessary in managing the 
concerns of the institution ; to define their duties, to fix 
their compensation, to displace and remove them ; to erect 
necessary buildings ; to purchase books, chemical and phi- 
losophical apparatus, and other suitable means of instruc- 
tion ; to make rules for the general regulation of the con- 
duct of the students ; and to make and pass such ordinan- 
ces, rules and by-laws as they may deem necessary and 
expedient. 
Corporators § 3. The before-mentioued corporators shall be deemed 

deemed trustees trustees of tliis incorporation until their successors are 
elected and qualified ; and the board of trustees shall so 
arrange their number, by lot or otherwise, that four shall 
go out of office at the end of the first year, four at the end 
ot the second year, and four at the end of the third y<^ar. 

Vacancies. § 4. The trustees, in order to have perpetual succession, 

shall have power to fill all vacancies that may occur in said 
board from death, resignation or from any other cause, un- 
til the next regular election. A majority of the trustees 
shall constitute a quorum to do business. 
Trustees to § ^- 1^ shall be the duty of the board of trustees to ap- 

appoint trcasu. point a treasurer to the board from their own number or 

To'give bond, ^^'om the Stockholders, who shall be required to give bond 
with sufficient security, as the board may prescribe, condi- 
tioned for the performance of such duties as the by-laws 
may require of him, and to hold his office for such time as 
the by-laws may prescribe. 
Amount ;of § 6. The trustccs aforesaid may cause to be opened 

shares. books of Subscription ; may fix and limit the amount of 

each share and the number of shares, and may close the 
said books whenever, in their judgment, a sufficient amount 
shall have been subscribed for the purposes hereof; and 
the subscription to the same shall become binding when 
Subscriptions, ^^" thousand dollars shall be taken, and shall be payable in 

how payable. ' installments, as said trustees may, from time to time, direct. 
And any subscriber failing to pay any installment or in- 
stallments required shall, at the option of said trustees, for- 
feit his claim to said stock and all payments thereon. The 
capital stock of said corporation shall not exceed one hun- 
dred thousand dollars. / 
stockhowers § T. Auv persoii having a certificate for one or more 

to be members, sluircs of sai'd stv)ck shall be a member of this corporation, 
and shall be entitled to one vote for each share of stock, 



ACADEMIES, COLLEGES, ETC. . 17 

bona fide^ owned by him upon which all installments due 
are jDaid. Every stockholder owning two or more shares, 
sending a pupil to said institution, shall be allowed a de- 
duction of ten per cent., annually, from the established 
prices of tuition, to be deducted, ^>r6> 7'ata, from the tuition 
for each tarm. Said stockholders shall also be entitled to 
such dividends on their stock as the trustees may, from 
time to time, declare thereon. 

§ 8. For the purpose of endowing the said academy, the scholarships. 
trustees may issue and dispose of scholarships on such 
terms and conditions as may be agreed upon between them 
and the person or persons receiving the same. 

§ 9. The sole object of said institution shall be the pro- opeutoaii. 
motion of male and female education, and shall be open to 
all denominations of christians ; and the profession of any 
particular religious faith shall not be required of those who 
become teachers or students of said academy. All persons, 
teachers or students whose habits are idle or vicious, or 
whose moral character is bad, or who refuse to obey the 
rules of the institution, may, however, be suspended or ex- 
pelled from said academy by the trustees thereof. 

§ 10. All deeds or instruments of writing for the con- ^1^% 'J^esf- 
veyance of real estate to the said corporation shall be made dent and true- 
to " The President and Trustees of the Jersey ville Acad- 
emy,' 



for the use of said 



academy ; and all deeds and conveyances of land from 
said corporation shall be made by a majority of the trustees, 
sealed v/ith the seal of said corporation, and acknowledged 
by the president in his official capacity. 

§ 11. The property of said corporation, both real and Exempt from 

" 1 1 11 /. -^ 1 1 • J? .• i. !_• taxation. 

personaij shall lorever be and remain tree irom taxation. 

§ 12. The time for the first election of trustees shall be First election, 
on the first Friday after the fourth [day] of July, A. D. 1870, 
and on the first Friday after the fourth day of July in each 
year thereafter ; at which annual elections there shall be 
four trustees elected, who ehall hold their ofiice for three Terms of office. 
years and until their successors are elected and qualified. 
It shall be the duty of the secretary to give one month's Notice of ?iec- 
notice of such elections for trustees, by posting up notices ''^°^' 
in at least five public places in the county of Jersey, and 
by publication in some weekly newspaper printed in the 
city of Jerseyville, for three successive weeks before said 
election. And the above named trustees and their succes- 
sors, or any three of them, shall preside as judges of said 
election, and shall certify the same — which certificate shall f 
be filed in the office of the secretary of the board, and, 
when so filed, shall be sufficient evidence, in all courts and 
places in this state, of the election and qualification of said 
board of trustees. Such elections shall be by ballot and by Elections to b» 
a majority of members or stockholders present ; but a fail- '^y^'aiiot. 
ure, at anv time, to elect trustees on the day herein named 
—3 



port 



18 . ACADEMIES, COLLEGES, ETC. 

shall not work a forfeiture of this eorporatioi], and in case 
of such failure, all qualitied trustees shall hold their office 
until their successors are elected and qualified. 
Trusteeetore- § 13. The trustees, at each annual election, shall make 
and submit a report to the stockholders setting forth, par- 
ticularly, the general condition of the academy and its 
finances, the character of the instruction imparted, the 
number of teachers and pupils, with an inventory of its 
Dividends, cic. property, and declare such dividends from the net proceeds 
and profits of its receipts or business as the state of the 
finances of said institution may warrant : Provided^ that no 
such dividend shall ever be declared or made where its pay- 
ment would embarrass the finances or efficiency of said 
institution, 
stwkhoiders' § 14. The trustees of said institution, or any ten stock- 
holders, may call stockholders' meetings by giving notice 
thereof as above in this act required. The principal build- 
ings, or the site of the same, shall not be sold by the trus- 
tees without the consent of three-fourths of all the stock- 
holders, counting by shares in said incorporation. 

§ 15. This act shall be a public act, and may be read in 
evidence without being spteeially pleaded, and shall be in 
force from and after its passage. 

Appkoved March 31, 1869." 



meetings. 



In force March AN ACT to incorporate the Lake Academy. 

31, 1SG9. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the Genercd Assembly, That Hen- 

corporatr^rs. ry W. Fuller, J. W. Smith, George Field, Allan C. Calkins, 
E. S. Wells, John E. Wilson, John Hayward, Fernando 
Jones, G-. W. Bissell, Joseph W. Barker, R. F. Queal, H. M. 
Smith, and the other stockholders of said association men- 
tioned in the foregoing preamble who have paid the amount 
of stock by them subscribed, and their successors and as- 
signs, be and they are hereby created a body politic and 

Nameandstyie. Corporate, by the name of " The Lake Academiy," and by 
that name to have perpetual succession for the purpose of 
maintaining an institution of learning as herein contem- 
plated. 
May hold real § 2. Tho Corporation hereby Created shall have power 

propert?.'^'^^*'"*'' ^7 ^^^ Corporate name to contract, to sue and be sued, to 
acquire, receivti and hold, by purchase or otherwise, prop- 
erty, real personal or mixed, and to use, manage, sell and 
dispose of all such property belonging to said incorpora- 



ACADEMIES, COLLEGES, ETC. 19 

tlonm sucli a manner as it shall seem proper for the pro- 
motion ot" the objects and interests of said corporation; to 
make, have and use a common seal, and to alter the same 
at pleasure, and to make and establish all such rules and to make rules 
regulations for the management of said institution as it and regulations, 
may deem proper and not inconsistent with the laws of this 
state. 

§ 3. The business of the corporation shall be controlled Boardoftras- 



elected. 



when 



by a board of trustees, consisting of five members, who 
shall be elected by the stockholders on the first Saturday 
in May, A. D. 1869, and annually thereafter, by a majori- 
ty of the votes cast at such election. Said trustees shall 
elect one of their members president of said board, and one Secretary ef 
seeretar}^, and also a treasurer; and the treasurer elect, '^°''^'"'^' 
previous to bis entering upon the duties of his office, shall .Treasurer to 
give good and sufiicient security for the faithful perform- ^'^®''°°'^" 
ance of the same. 

§ 4. The aforesaid trustees shall employ teachers, and P^^er to em- 
shall have power to confer honorary degrees and to grant ^ °^ '®'"-^^'"^- 
diplomas. 

§ 5. The capital stock of this association shall not ex- Limit of the 
caed one hundred and fifty thousand dollars, and shall be '^^^^^^ «^*'<^^- 
divided into shares of one hundred dollars each, and each 
share shall, at all elections in reference to said academy, be 
entitled to one vote ; said corporation niay, from time to 
time, increase their stock subscriptions, at pleasure, to the 
extent of one hundred and fifty thousand dollars as afore- 
said . 

§ 6. The rules and regulations of said joint stock asso- Rules and 
ciation, under the name of " The Lake Academy," and asfici\1ton. ""^ 
abo its by-laws, which are not inconsistent with the act of 
this incorporation, shall be and remain in full force until 
the same shall be repealed by said incorporation. 

§ 7. The trustees of said Lake Academy, viz : Allan C. tef/fo^^y^^'ol" 
Calkins, Henry M. Smith, John Hayward, Joseph W. Bar- fie? tiii succesi 
kerand George W. Bissell, shall be and remain trustees ''"■'"''' '^''''^• 
of this corporation until their successors are elected and 
duly qualified. 

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

Appkoved March 31, 1869. 



20 ACADEMIESj COLLEGES, ETC 



lu force Jiiue AN ACT to incorporate the Illiuoia Medical College. 

19,1869. ^ ° 

Section 1. Be it enacted hj the People of the State of 
Illinois^ re-presented in the General AssemUy, That Wil- 

corporators. Ham P. Ilalliday, William Yf. Thorntoi], Samuel P. Wheel- 
er, Daniel Hurd, Charles Galligher, P. W. Barclay, Hor- 
ace Wardner, and their associates, be and they are hereby 
created a body politic and corporate, by the came and style 

Namaandstjie. of '• The Board of Trustees of the Illinois Medical Col- 
lege," and by that name and style to have perpetual succes- 
sion ; the said institution to be located in the city of Cairo, 
county of Alesander, and state of Illinois. The object 
and purpose of said institution shall be to pve instruction, 
by lectures and otherwise, in anatomy, surgery, physiology, 
obstetrics, pathology, chemistry, materia medica, and the 
theory and practice of niediciue, to which may be added a 

nanmenif^ '^^" hospital department, which, when organized, shall be taken 
and deemed part of said institution, the same as if said hos- 
pital department had been specially mentioned and in- 
cluded in this act of incorporation. 
^ Value of prop- g 2. The Corporation hereby created shall have power 

$50^000°^' ^ to contract, to sue and be sued, to plead and be impleaded, 
to grant and receive by their corporate name, to accept of 
donations, acquire and hold all such property, real person- 
al or mixed, as may be necessary or convenient to carry 
out the objects of said corporation, not to exceed, at one 
time, the sum of hfcy thousand dollars in value, real estate 
to be estimated at its cost when purchased ; employ and dis- 
pose of all such property or money belonging to said corpora- 
tion as to them shall seem meet for the promotion of the ob- 
jects and interests of said corporation ; to have a conimon 
seal, alter and change the same at pleasure ; to make and estab- 
To establish ligh all such by-laws and regulations for the manao-eraent 

by-laws and «.,,,., ;/. , , ^ , ^ j i. 

regulations. 01 Said institution as maj^ be necessary and proper and not 
inconsistent with the constitution and laws of this state or 
of the United States ; to make, create and endow as many 
professorships as may be deemed necessary for the benefit 
of said institution ; to appoint curators ; to appoint any 
one or more of the medical faculty to take charge of and 
May confer superintend the hospital department, and to confer on such 

honorary de- persons, as may be found wortliy, such honorary degrees 

°^^^^' as are usually conferred by similar institutions. 

Seven trustees § 3. There shall bo seven trustees, consisting of the 

to be appointed, ^bove named William P. Halliday, William W. Thornton, 

Samuel P. Wheeler, Daniel Hurd, Charles Galligher, P. 

W. Barclay and Horace Wardner, who shall constitute a 

May hold board of trustees, and shall hold their otJicG during their 

office during j-^^ q,, ^^^^^ bchavior. ^Vhenever a vacancy occurs in said 
board of trustees by death, resignation or removal from the 



ACADEMIES, COLLEGES, ETC. 21 

state, the remaining trustees of said board, or a maioritv of . vacancice, 
them, snail nave power to till such vacancy or vacancies. 
The trustees shall have power to appoint one of their num- 
ber president of the medical faculty, who, when so appoint- 
ed, shall be, ex officio, president of the board of trustees. 
Said trustees, or a majority of them, shall have powder to 
manage the affairs of the corporation. 

§4. The trustees of said corporation shall have power To fix the rate 
to tix the rate of tuition and other expenses; toappoiut in- °^^"'"°'^' 
structors, superintendents and such other ohicers and agents 
as may be necessary in managing the concerns of the institu- 
tion ; to define their duties, to fix their compensation, to 
displace or remove them ; to purchase or erect necessary 
buildings; to purchase books, chemical, philosophical and 
such other apparatus, instruments and implements as may 
be necessary and suitable for said institution; to make Tomakeiuies 
rules for the general regulation of the students ; to suspend andreguiationa. 
or expel any student v/hose habits are idle and vicious, or 
whose moral character is bad, or who refuses to obey the 
rules of the institution : Provided, that no person shall be 
appointed by said trustees president of the medical faculty, 
or to any professorship therein, or as instructor, or super- 
intendent of the hospital, who has not graduated at some 
reputable regular medical college and received his diploma 
as a graduate of said institution. 

§ 5. The board of trustees may, from time to time, ap- power to re- 
point and remove, at pleasure, a secretary, a treasurer, and ™°d?relT^tn ^ 
such otlier subordinate ofhcers as they may deem necessary, 
and may meet for the transaction of business as often as 
the president shall direct, or on the request of any three of 
said trustees, any four of whom shall constitute a quorum 
for the transaction of business. The trustees of the insti- officers to 
tution shall alw\ays, and all other agents when required, sivebond. 
before entering upon the duties of their appointments, give 
bond for the security of the corporation, upon such condi- 
tions, and in such penal sum and with such securities as 
the board of trustees may approve. ' The secretary shall 
keep a record of the proceedings of all meetings of the 
trustees, and the treasurer shall keep an accurate account 
of all moneys received and paid out by him. 

§ 6. Ten thousand dollars shall constitute the capital Amonnt of 
stock of said institution, to be hereafter increased to fifty capital stock, 
thousand if deemed necessary by the trustees. Said trus- 
tees shall have power to commence, erect, complete, use 
and furnish any department of said institution, including 
the hospital department, whenever one thousand dollars of 
the capital stock shall have been paid in, and the said trus- 
tees shall have all necessary power to convert and use said 
money for the benefit of said institution. 

§ T. All rights, privileges and powers not herein enu- Anatomical 
merated, mentioned or declared, which may have been, or tTghen"'' 



22 ACADEMIES, COLLEGES, ETC. 

at this time may be conferred upon or eujoyed by any 
medical institution heretofore or at this time incorporated 
b3^ an act of the le2:islature of this state, shall be taken and 
enjoj^ed by this institution, includiug the privilege of 
anatomical instruction by dissections; said institution to 
be placed upon as favorable footing, in all respects, as the 
most favored medical institution heretofore or at this time 
incorporated by an act of the legislature of this state : 
I'rovided^ that the corporation hereby created shall be sub- 
ject to any future legislation. 
Appkoved March'13, 1869. 



In force March AX ACT to incorporate the Mission and Industrial School of Chicago. 

25, 1SG9. 

Section 1. Be it enacted by the Peajple of the State of 
Illinois, represented in the General AssemUy. That Jona- 

corporators. thhu Burr, Josiah L. James and Edward B. Galcott, and 
I heir successors, be and they hereby are constituted and 
created a body p<jlitic and corporate, by the name and 

Name :iud stylo, style of "The Missiou and Industrial School of Chicago," 
and by that name shall have perpetual succession, contract 
and be contracted with, sue and be sued, ]»lead and be im- 
pleaded, and shall have and possess all the powers, rights, 
privileges and authority necessary to a corporate existence, 
and to carry out the objects and purposes hereof. 
For the in- § 2. The objccts of tliis Corporation is hereby declared 

poor^chiidreu.^^ to be to found, maintain, manage and conduct, in the city 

of Chicago, mission and industrial schools and free chapels 

for the education, proper training and improvement of poor 

children of said city. 

Power of I 3, The corporators herein named are hereby declared 

iQcl ° "^^" to be a board of trustees of said corporation, with power to 
perpetuate said board of trustees by election of the same 
or a greater number, at such periods and in such manner 
as to said board of trustees shall seem best calculated to 
promote the objects hereof. 
May purchase § 4. The Said Corporation shall have the power to pur- 

est^ate"^"^^ ^^^^ chasc, receive, or in any way acquire and to hold, occupy, 
invest and improve, for the purposes and objects herein de- 
clared, both real and personal estate ; and so much qf the 
Exempt from I'cal and pcrsoual estate owned by said corporation as shall be 

taxation. necessary and requisite for the use and accommodation of 

such schools and chapels, shall be and at all times remain 
free and exempt from all taxation whatsoever. 

§ 5. The said board of trustees shall have the power, 
from time to time, to make such rules, regulations and by- 



ACADEMIES, COLLEGES, ETC. 23 

laws, for the management of theafl'airs of the corporation, ,^^^ ^d^rc'^nl 
not inconsistent with the laws of this state, as they may lations. 
deem best and proper, and to appoint and employ such 
agents and servants as they may deem proper. 

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

Apphoved March 25, 1869.' 



AN ACT to incorporate the Mount Vernon College. In force March 

SI, 1869. 

Section 1. Be it enacted hy the Peo])le of the State of 
Illinois^ represented in the General Assembly, That Samuel corporators. 
K. Casey, Willis Duff Green, Stephen T. Scratton, John S. 
Bogan, Charles T. Face and their successors in office, be 
and they are hereby created a body corporate and politic, 
to be styled "The Mount Yernon College," and by that 
name to remain in perpetual succession, with power to con- 
tract and be contracted with, to sue and be sued, to hold all 
kinds of property, real, personal and mixed, which they 
may acquire by purchase, donation, demise or otherwise, 
and the same to dispose of and convey at pleasure ; to make 
and alter by-laws for the government of the incorporation, 
its officers and agents, not inconsistent with the constitution 
and laws of the United States or of this state ; and shall 
have and enjoy, and may exercise all the powers, rights and 
privileges which other corporate bodies may lawfully do for 
the purposes in this act. 

S 2. The obiects of this act of incorporation are to build . objecfsof the 
up and maintain, m the town of Mount Vernon, in the 
county of Jefferson and state of Illinois, an institution of 
learning for males and females, to inculcate morality ar.d 
for the promotion of the arts and sciences. 

§ 3. The said institution shall be open to all persons, Not sectarian, 
and no particular religions faith shrJl be taught therein or 
be required of those who become students. 

§ 4. The persons named in the iirst section, and their Power of trus- 
successors, shall bo trustees of said institution, and shall 
have power to erect all necessary buildings ; to appoint a 
president, professors and teachers, and any other agents and 
officers as they may think best for the purposes aforesaid ; 
to confer degrees in the liberal arts and sciences, and do all 
other things for the encouragement of learning which are 
lawfully done by the most approved seminaries and col- 
leges in the United States. 

§ 5. If any gift, grant, demise or bequest should he ^^^ms,^ grants, 
made to the corporation in accordance with the design of piled. 



24 ACADEMIES, COLLEGES, ETC. 

this institution, and the trustees sliali accept the 8ame, it 

shall be appKed in accordance with the express conditions 

prescribed by the grantor, donor or dernisor. 

Appointment § 6. The trustees shall have power to appoint a secre- 

of secretary and j;ary treasurer, and to require bond with security from any 

treasurer. ,»/ t • i i> t n • i n ^ <v *•. 

oihcer or agent, conditioned tor the faithial performance ot 
the duties imposed upon them. 
Tm9tee8,how § 7. The trustccs shall hold their offices for such terms 
appointed. ^^^'^ ^^^^^j receive their appointments in such manner as may 
be designated in the by-laws herein provided fur, and may 
increase their number to nine. 
Tobeexempt § 8. All property, real and personal, held by said insti- 
"" '"""'" tution for the purposes herein contemplated, shall be exempt 
from taxation. 

§ 0. The said incorporation may have a common seal, 
and alter or change the same at pleasure. 

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

ArPKOVED March 31, 1869. 



from taxation. 



To have a com 
mou seal. 



In force JIarch AN ACT to incorporate the People's Uuiversitv. 

29, ISG'J. 

Section 1. Be it enacted hj the Feojyle of the Stale of 
Illinois, represented in the General Assembly^ Tiiat Charles 
coiporatora. H. Ray, William D. Sanders, D. P. Henderson, Enoch B. 
Stevens and liichard M. Johnson, shall be and they and 
their successors in office are hereby constituted a body pol- 
itic and corporate, and shall have perpetual succession and 
a common seal, and in their corporate capacity may sue and 
be sued, plead and be impleaded, defend and be defended, 
in any court of law or equity in this state ; and the corpora- 
tors hereinbefore named are hereby declared trustees for 
the management of "The People's University." 
Power to es- 8 2_ For the purpose of promoting the cause of educa- 

tabUsh umver- . ^ . ^ ^■ ^ .i x? • ^11.1. 

Bity. tion and extending the sphere oi science, the trustees 

herein named or their successors in office, are hereby au- 
thorized to establish and endow, in the city of Chicago, or 
elsewhere in Cook county, Illinois, a university to be called 

Name and style. "The People's University," which may embrace depart- 
ments, located together or separately, in which youth of 
both sexes may be" educated in all departments of culture, 

. Power of trns- § 3. The trusteet) of "The People's University" shall 

*®^'" have full power, in their corporate capacity, to hold by gift, 

grant, devise, demise or otherwise, any lands tenements, 
hereditaments, moneys, rents, goods or chattels, of what 



ACA.DEMIES, COLLE&ES, ETC. 25 

kinds soever they may be which may be given, granted, de- 
vised, demised or purchased by them for and to the use of 
the aforesaid university, and may sell and dispose of the 
same or any part thereof, or lease, rant or improve in such 
mannci* as they may think most conducive to the interests 
of said university ; but the amount held shall never exceed iimited.°^^°'^' 
one million of dollars, 

§ 4. The trustees shall have power to make and estab- BT-'aws, rules 
lish such by-laws as tney may deem necessary, not incon- 
sistent with the constitution and laws of the United States 
or the constitution and laws of the state of Illinois, and 
may determine the number that shall constitute a quorum 
to transact business, and fix the number of meetings in 
each year. They shall also have power from time to time 
to increase their number, not exceeding thirty-seven mem- 
bers of the board in office at one time. They chall have 
also power to till all vacancies which may occur in their 
body, define the qualifications of a trustee, and remove the 
same f n- sufficient cause ; but a vote of three-fourths of all 
the members present at a regular meeting shall be required 
for such removal. 

^ 5, The board of trustees shall have power to appoint ^ Regent, presi 
L- ii • 1 i i.' • 1 • -^ 11 ^^^^^ and pro- 

one ot their number regent ot said university, and also fessors. 

presidents of the various departments, and professors of 

said university, as well as a secretary and treasurer of the 

board. The treasurer shall give bond in such sum as the Treasurer to 

trustees may require, for the ftiithful performance of his ^"^ 

duties, and the trustees may require him to give a new 

bond at any time they may deem it necessary. 

§ 6. The trustees shall have power to establish a muse- Museumofarts 
um of arts and sciences, and in connection therewith to "° ^cieaces. 
hold, either constantly or at stated times, a polytechnic expo- 
sition, open to the public as well as to the students of the 
university, on such conditions as the board may prescribe. 

§ 7. The board shall never pervert "The People's Uni- aSt'^doS 
versity " to the use or exclusive control of any party or f^y^ denom& 
sect, and as a guarantee against any such perversion, not tion. 
more than five'of its members shall belong to the same 
religious organization. Iso sectarian or partizan test shall ^iSon'^^^eq^- 
ever be held as a requisite for admission to any office or site. 
privilege of the university, but the trustees may accept from 
any church or individual any donation, subject to special 
conditions, and faithfully execute the same. 

§ 8. The trustees and faculty may confer such literary Literary hon- 

1 " 11 ,1 ■' T 1 *' • • , • I ors may be con- 

honors as are usually conferred by universities, or such fgrred. 
other honors as they may deem necessary. 

§ 9. This act to be deemed a public act, and be in fa]] 
force from and after its passage. 

Approved March 29. 1869. 



—4 



26 



ACADEMIES, COLLEGES, ETC. 



In force March 
6, 18C9. 



Preamble. 



AN ACT to incorporate the Quincy College. 



Weereas, by donation of a number of benevolent indi- 
viduals, certain property situate in the city of Quincy, 
Illinois, described as a certain tract of land bounded as fol- 
lows, viz : beginning at the corner of Spring and Fourth 
streets, on the north side of Spring street and the west side 
Fourth street, running thence north to Oak street, thence 
west two hundred and fifty feet, thence south to Spring 
street, thence east to the place of beginning, v^nth the build- 
ings and improvements thereon, has been purchaBed and 
conveyed to Matthew Simpson and others, in trust for the 
Methodist Episcopal church, for the establishment of a per- 
manent institution of learning in said city of Quincy, under 
the control and direction of the Illinois Annual Conference 
of the Methodist Episcopal church, and in trust, under such 
control and direction, for the use of or to be conveyed to 
any corporation thereafter to be created by the general 
assembly of the state of Illinois, for the purpose of the 
establishment of an institution of learning in said city of 
Quincy, under the control and direction of said conference ; 
therefore. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ rejyresent^d in the General Assembly^ That Fred- 

corporators. erick W. Jauscu, James G. Orr, John M. Eull, George 
Adams, John Burns, jr., Clark Chattin and John Crocket, 
their successors and assigns, are hereby created a body 
politic and corporate, by the name and style of "The Quincy 

Name and style. College;" and by such name shall have perpetual succession 
and existence, with power to sue and be sued, to plead and be 
impleaded, to take, have, hold and use property, real, per- 
sonal and mixed, by any mode of conveyance, devise, be- 
quest or transfer, for educational purposes, and to lease, 
mortgage, sell or convey the same as a natural person ; to 
make, have and use a common seal, and the same to alter 
and change at pleasure; to make and alter by-laws for the 
government of said corporation, its officers, agents and 
servants: Provided^ such by-laws shall not he inconsistent 
with the laws of this state or of the United States. 

§ 2. The objects and business of the said corpor.'ition 
shall be, to maintrdn, support and goveri! a college for the 
education of males and iemales, under the control and direc- 
tion of the Illinois Annual Conference of the Methodist 
Episcopal church, and all money and property acquired by 
it shall bo held and used exclusively for that purpose, and 
not as stock for individual benefit. The college shall be 
located at said Quincy, and the persons named in the first 
section hereof sliall be trustees thereof, until a full board is 
organized as hereiuflftev provided. The corporation is 



llll'nois annnal 
coni'erer.ce to 
control it. 



Location. 



ACADEMIES, COLLEGES, ETC. 27 

vested with power to confer such honorary and academical 
degrees as are usually conferred by similar institutions, 

§ 3. Tlie said trustees, or a majority of them, shall meet i,cS*'of" tiu/- 
as soon as practicable after the passage of this act, and se tees. 
cure a conveyance of all the property mentioned in the 
preamble of this act, and shall then proceed to appoint a 
president from their number, and shall also appoint eight 
other trustees, who, together with the trustees hereinbelbre 
named, shall constitute the permanent board of trustees, 
and said permanent board shall meet and organize at such 
time and place as said trustees herein appointed shall, at 
their aforesaid meeting, or at any adjourned meeting, pre- 
scribe. All of said trustees, including both those named in 
this act and those by them to be appointed, shall hold office Tmsieca to 
for life, but any trustee may be removed by a vote of two- ml^ ''^'^^ ^"" 
thirds of the whole board, at any regular meeting thereof; 
and the board shall appoint trustees to fill vacancies as they 
occur. Said board shall, by its by-laws, prescribe the time 
and place of its regular meetings, and the mode of callins: 
special meetings, and may adopt any by-laws for the regu- • 
lation of its own proceedings not inconsistent with law. 

§ 4. The said board of ^trustees shall have power to ap- anrfXuef o" 
point the president, professors, teachers, secretary, treasurer, offictw. 
and all other officers and agents of said institution, and to 
fix their compensation and duties; to require bond and se- 
curity from any appointee for the due performance of his 
or her duties; to dismiss or remove any of the appointees 
aforesaid at pleasure, and appoint or employ others in their 
stead ; to prescribe the course of study, fix the price of tui- Toflxtheprics 

.. / I ^ J, -, ., 1 ,1 ^ of tuition. 

tion, board, rent oi rooms, library and other necessary ac- 
commodations of pupils, and, in general, to govern and reg- 
ulate the said college, subject to the dictation and control of 
the said conference. 

§ 5. Tne property mentioned in the preamble of this power p.nd du- 
act, having been purchased for and dedicated to the uses '^ '^^ ''^°^'^^^''" 
and purposes in said preamble set forth, it is hereby en- 
acted and declared that neither said trustees nor said cor- 
p)oration shall 'ever have any pov/er whatever, without a 
majority vote of all the members of said board, to be en- coSm^^Jspo- 
tered upon the records of said board in favor of the same, sai of pi-opeity. 
to sell, lease, convey, mortgage, alienate or encumber the 
same, or any part thereof, or any interest therein, or to cre- 
ate or permit the existence of any liability, for or on account 
of which, the same may be subject to sale under any judg- 
ment, decree or process of any kind, and said corporation 
shall have no power to receive any conveyance of said 
property, or any part thereof, from the present trustees 
thereof, or to hold said property or any part thereof, except 
in the capacity of a trustee of said property, for the uses 
and purposes set forth in the preamble of this act. 



28 ACADEMIES, COLLEGES, ETC. 

gias^^raniri^- § ^- ^^^^ Corporation may receive gifts, grants, devises, 

quests', etc. ' bequests and convej^ances of money or property, not only 

for its general purposes but for special purposes, accordant 

with tiie design of said institution, and the same shall be 

applied in accordance with the conditions of such gift, grant, 

devise, bequest or conveyance. 

exSveiv"1o? § '''• "^^^^ property mentioned in the preamble of this 

educational pur- act, wheu couveycd to said corporation, and any other land 

^°^^^' contiguous thereto which said corporation may hereafter 

acquire, with all buildings and improvements now situate 

or hereafter to be situate thereon, while the same is actually 

Tobeexfimpt used for educational purposes, shall be exempt from every 

from taxation, gpecjgg of taxation for state, county and municipal [jurposes, 

and shall remain so exempt so long as the same is used for 

the uses of education as aforesaid : Provided, that not 

more than five acres ot land shall be exempt from taxation 

under the provisions of this section. 

Five trustees § 8. Any Hve or more of the trustees shall constitute a 

quoram!''"^^ * quoFum for busiucss at any legular meeting of the board, 

but two-thirds of the board, at least, must be present to 

constitute a quorum at any special meeting. 

§ 9. This act is hereby declared to be a public act, and 
shall be admitted in evidence in all judicial proceedings 
without being specially pleaded, and shall take effect from 
and after its passage. 

Approved March G, 1869. 



In force March AN ACT to incorporate the Rock Falls Collejce. 

29, 1809. 

Section 1. Jje it enacted hy the People of the State of 
Illino'ls, represented in the General Assembly, That Lot S. 

Corporators. Pennington, Miles S. Henry, Abner L. Merrill, Hichard 
Arey, James A. Patterson, and their associates and suc- 
cessors, are hereby created a body politic and corporate, by 

Name and style, the name and style of "The iiock Falls College," with 

perpetual succession, and by that name may sue and be 

sued, plead and be impleaded in all courts ; shall have a 

common seal, and may alter the same at pleasure. 

Objects of the § 2. The object of said corporation shall be the estab- 

coiiege. lishment and maintenance of a college, for the education of 

youth of both sexes, in literature, science and arts. And 
said corporation shall be under the control and manage- 
ment of a board of trustees, to be elected by the stock- 
holders in the same, so long as any stock shall be outstand- 
ing in the name of any parties, and thereafterwards by the 



ACADEMIES, COLLEGES, ETC. 29 

trustees themselves and the survivors thereof, in pepetual 
succession. 

§ 3. Said board of trustees shall be not less than seven, , Board of tms- 

,1 r- i- ,1 1 • 1 1 1 1 1 1 T tees, tneir num- 

uor more than nlteen, to be deterramed by the stockhold- i^er. 
ers, at any annual meetina;. 

§ 4. Said trustees shall elect one of their number presi- Duty of tms- 
dent, and shall have power to make all necessary by-laws, *^®^" 
rules and reo-ulations for the government of tlie officers 
and agents of said corporation, elect a secretary and treas- 
urer, and hx the compensation and bonds of each, appoint officers-how 
all professors, tutors and instructors, and fix the compensa- compensation!*''' 
tion and Ihnit the power and authority of each, and pre- 
scribe the course of study to be pursued at said college, 
and generally shall have the control and management of 
all the financial and fiduciary concerns of said corporation. 

§ 5. Said trustees shall select a site whereon to erect sue for loca- 
coUege buildings, either in the town of Kock Falls, in the "°°<^f<='^"''=^«- 
county of Whiteside, and state of Illinois, or within one 
mile irom the limits of said town, and with the available 
funds of said corporation shall proceed to erect suitable 
buildings for the accommodation of students at said college, 
and said corporation may take and hold in trust all funds, 
lands, tenements, goods and chattels which may be dona- 
ted to the same for the purpose of aiding in the erection of 
suitable buildings, in the purchase of a library, cabinet, 
philosophical or chemical apparatus, the endowment of pro- 
fessorships or scholarships, and the same use or invest in 
accordance with the expressed will of the donor, and the sj^aji ijg ex- 
same, and all the property of said corporation shall be free emptn-omtaxa- 
from taxation, for any purpose whatever. 

§ 6. The capital stock of said corporation shall be fifty g,^f,g*''^ ^'°*=^ 
thousand dollars, and the same shall be divided into shares of ^ ' 
twenty -five dollars each, and said shares of stock shall not be 
liable to be assessed for any debts of said corporation ; and 
dividends or surpluses arising on said stock, in the nature of 
interest or earnings, shall be devoted to the purchase of a 
library,- or chemical, or philosophical apparatus for said col- 
lege, and the only right said stockholders shall have shall 
be the right to vote for the election of the trustees of said 
college ; and said stockholders may surrender their certifi- 
cates of stock to said trustees to be canceled, and upon the 
surrender of said certificates said trustees, and the survivor 
and survivors thereof, shall have power to fill all vacancies 
in the'r said board. 

§ 7. The said trustees shall have no pecuniary com- tiJJ''f^°^P^ces 
pensation for their services, and shall only be paid for their 
incidental expenses, all bills for which shall be submitted to 
be audited and allowed by auditors appointed annually 
from the stockholders, so long as there shall be any stock- 
holders in said corporation; and thereafterwards to be select- 



30 



ACADEMIES, COLLEGES, ETC. 



Election 

trustees. 



ed from the citizens of said county of Whiteside by said board 
of trustees. 
Books forenv § 8. The Corporators herein named shall open books 
op'ened." ^"^ ''^ ^^^ Subscription tor said capital stock at sucli place as they 
may determine, and when the sum of Hfty thousand dollars 
shall have been subscribed, and ten per cent, of the same 
paid in, they may appoint a time and place for the uniting 
of said subscribers for the purpose of orgauizin<:r said cor- 
of poration by the election of trustees, and the trustees elected 
by said subscribers shall have power to order the pay- 
ment of the stock subscribed tor at such time and in such man- 
nerasthey may deem best for the interest ofsaid corporation, 
and declare any payments forfeited to said corporation for 
non-payment of balance of subscri|)tion : Provided^ how- 
ever, that whenever any sum shall have been paid on such 
subscription by any subscriber equal to the par value of one 
share, or any number of shares, said trustees shall issue to 
said subscriber a certificate of stock for the number of 
shares paid up in full, and shall onl}' have a right to declare 
the overplus, if any, forfeited ; and the right to complete 
said subscription for the balance of said share or shares 
shall be sold for the benefit of said corporation, and the 
stock issued to the purchaser thereof, for a sum not less 
than their par value. 

§ 9. Said trustees shall have power to receive and hold, 
in trust, endowments. Said trustees shall have power to 
confer degrees, issue diplomas, and other certificates of 
literary and scientific attainments. 

§ 10. This act shall be a public act, and take efi'ect and 
be in force from and after its passage. 



Power to con 
fer degrees. 



In force March 



AX ACT to incorporate St. Angelos Academy. 



Section 1. Be it enacted hy the Feoj^h of the State of 
Illinois^ represented in the General Assembly, That Eliza 
Corporators. Gallispic, Amathcrou Salon, Alice Flynn, Jonah Flynn, 
and Julia liecord, and their associates and successors in 
ofi^ce, be and they are hereby constituted a body politic 
and corporate, by the name "and style of " St. Angelos 
Academy," and by that name and style shall have perpet- 
ual succession, and as such shall have power to sue and be 
sued, contract and be contracted with, and shall be recog- 
nized in all courts of law and equity in this state or else- 
where ; may adopt a common seal, and renew or alter the 
same at pleasure, and do such other or further acts as may 



ACADEMIES, COLLEGES, ETC. 31 

be necessary to the successful prosecution of the objects for 
which said corporation is formed. 

§ 2. The corporation hereby created shall have power . objects of the 
to establish and carry on an institution of learning, for the '^^^" °°* 
education and culture of females, at Morris, Grundy county, 
Illinois, of which the corporators named in the first eection 
of this act shall constitute the first board of trustees, who 
shall hold their office until the first day of July, A. D. 1871, 
and until their successors are duly appointed and qualified. 
At that date, and every two years thereafter, a new board 
of trustees shall be appointed and hold their office until 
their successors are appointed and qualified. All vacancies 
in the board of trustees, by expiration of terra of service or 
otherwise, shall be filled by appointment by the trustees of 
St. Mary's Academy, of St. Joseph county, Indiana, under 
whose patronage and direction said corporation is to be es- 
tablished. 

§ 3. The board of trustees of said corporation shall meet Board to meet. 
annually, at or near the close of the academic year, and at ^™'^'^^'y- 
such other times as they may choose, or on call of the 
" Mother Superior," or at the request of three members of 
the board. Said trustees shall appoint a "Mother Supe- 
rior," secretary, treasurer, and such other officers and 
agents as they may think necessary and proper for the man- 
agement of said institution, and shall have power to make 
such by-laws as they may deem proper, prescribing the 
term of service and duties of such officers, and also for the 
proper management and control of said institution, not in- 
consistent with this charter or the laws of this state, which 
by-laws may be altered or changed at the pleasure of said 
board of trustees. 

8 4. The board of trustees of said corporation shall have Boardmayfip- 

<J ^ ■ , ,. ^J. J! • 1 point a faculty. 

power to appoint a faculty for carrying on and manage- 
ment of the scholastic department of said institution, and 
such iaeulty, with the concurrence and consent of the 
board of trustees, may confer all such degrees as are usually 
conferred by academics of similar standing, and issue diplo- 
mas or certificates of the same, signed by the member of 
the faculty by which the degree is conferred, and authenti- 
cate the same with the seal of the corporation. 

§ 5. The corporation hereby created shall have power power to par- 
te purchase and receive by donation, possess, sell, lease or '^^^^^ ''^°^- 
otherwise manage or dispose of any lands, tenements or 
hereditaments tlmt the board of trustees thereof may deem 
necessary and proper for the successful management and 
operation of said institution, and also any moneys, notes, 
stocks, subscriptions, goods, chattels, legacies, devises or 
other rights or property that they may deem fit and neces- ^ 

sary for the purpose aforesaid. 

§ 6. This act shall take efii'ect and be in force from and 
after its nassage. 

AppeoVed March 26, 1869. 



32 ACADEMIES, COLLEGES, ETC. 



In force March ^y ^cT to incorporate the Teachers' Institute and Classical Seminarv, of 
2^' ^^^^- East Paw-Paw, DeKalb county, Illinois. 

Preamble. Whereas ail association, styled " The East Paw-Paw 

Educational Society," has been formed and now exists, for 
the establishment and maintenance of an institution of 
learning, knowni as " The Teachers' Institute and Classi- 
cal Seminary ; " and, whereas, D. D. IvlcGibeny, J. O. 
Stanton, James Yan Eiper, S. N. Fish, M. D. Simeon, E. 
Hyde, Dr. G. W. Kittell, J. A. Adams, Rev. 0. 0. Breed 
and Dr. James Buardmaii have been elected and are now 
acting as trustees of said society, and have established, at 
East PaW'Paw, Illinois, and are now sustaining, said insti- 
tution of learning; therefore, 

Section 1. Be it enacted hy the Feoiyle of the IState of 
Illinois^ represented in the General AssemUy^ That D. D. 

Corporators. McGibeny, J. O. Stanton, James Van Riper, Dr. S. N. 
Fish, Simeon E. Hyde. Dr. G. ^Y. ivittell, J. A. Adams, 
Rev. C. C. Breed and Dr. James Board man, and their suc- 
cessors in office, are hereby created a body corporate and 

Name and style. poHtic, undcr tlic name and style of " The Teachers' Insti- 
tute and Classical Seminary," with perpetual succession, 

Powers. ^^nj power to sue and be sued, either at law or equity ; to 

answer and be answered unto in all places ; to have and use 
a common seal, and alter the same at pleasure; to take 
and hold real estate and other property, by purchase, gift, 
grant, devise or otherwise, for educational purposes only ; 
to use, employ, manage and dispose of any or all such 
property and all moneys belonging to said corporation, in 
such manner as shall seem to the trustees best adapted to 
promote the cause of education ; to make such by-laws, for 
its regulation, as are not inconsistent with the constitution 
and laws of the Uriited States nor of this state. 
Property, how § 2. That the title to the real and personal property, 
held by the above named corporators as trustees of the 
East Paw-Paw Educational Society, be and the same is 
hereby vested in the corporation created by this act ; and 
all conveyances of property, real or personal, gifr, devises 
or obligations, of any and every kind, made to the trustees 
of the East Paw-Paw^ Educational Society, shall be held, in 
law and equity in all courts and places, the same as it they 
had been made to this corporation according to the true intent 
of the parties — any informality to the contrary notwith- 
standing, 
obipct of iu- § 3. The object of said institution shall be to furnish 

Btitution. h<ji\\ males and "females with an English and classical ed- 

ucation, and to prepare such as desire it to act as teachers 
of common schools. 
Authority of § 4. The trustecs of said incorporation shall have au- 

trustees. thority, from time to time, to prescribe and regulate a 



ACADEMIES, COLLEGES, ETC. 33 

course of study pursued in said seminary ; to fix the rates 
of tuition, and other academical expenses ; to appoint in- 
structors, and such other officers and agents, and delegate 
to them such of their powers, as may be deemed necessary 
to manage the concerns of the institution ; to erect neces- 
sary additional buildings ; to confer upon such persons as, 
by examination, may be considered worthy, such academi- 
cal or honorary degrees as are usually conferred by simi- 
lar institutions ; to make rules for the general regulation 
of the conduct of the pupils, and establish such ordinances, 
rules and by-laws as they may deem necessary; and may 
expel students for acts which they may deem miscon- 
duct. 

■ § 5. The stock of said corporation shall consist of shares to be 
shares of twenty-five dollars ($25) each, and shall be con- erty!^'^* ^"^°^" 
sidered personal property, and shall be transferable by as- 
signments of certificate, on the books of the corporation, 
as the trustees shall prescribe. The capital stock of said 
corporation shall not exceed fifty thousand dollars (§50,- 
000), and such capital and its accumulation shall be used 
for the purposes of education, and for no other purpose, 

§ 6. Any person holding one or more shares in certifi- wbo entitled 
cate of the capital stock of this corporation or institution, *°'^°^^- 
shall be entitled to as many votes as he holds shares, either 
in person or by proxy, authorized in writincf. 

§ 7. All property, of whatsoever kind and description, ^^fS!' ^'''"' 
belonging or appertaining to said seminary, shall be ex- 
empt from taxation from state, county and municipal pur- 
poses. 

§ 8. There shall be an annual meeting of [the] stock- ^^?^^|y °f 
holders in this corporation, on the last Saturday ot June, ^^ 
of each year, for the purpose of business, and to fill vacan- 
cies in the board of trustees. In case it should happen 
that an election of trustees should not be made at the time 
herein specified, this corporation shall not, on account 
thereof, be dissolved or its rights forfeited, but the bdard 
of trustees shall have power to fill any vacancy or vacan- 
cies that may occur in the board, whether by death, resig- 
nation, inability to act or otherwise, at any meeting of the 
board. 

§ 9. No gambling establishment, bagatelle or pigeon- Nuisances. 
hole, liquor or beer saloon, or any place of any kind for 
the sale of malt ar spirituous liquors, as a beverage, shall 
be allowed within the distance of one mile of the seminary 
buildings at East Paw-Paw, DeKalb county, Illinois. 

§ 10. Any person who shall open or keep or be in any Ymes. 
way connected with such establishments, within the limits 
hereby provided, shall be liable to action before a justices' 
court, upon complaint of any two members of the board of 
trustees of said seminary ; and, upon conviction, shall be 
fined twentv-five dollars ($25) for the first ofiense, with 
—5 



trustees. 



34 ACADEMIES, COLLEGES, ETC. 

costs of suit, and for every subsequent oiieuse, fifty dollars 
($50) and cost ; and, upon failure to pay such fines, shall 
be imprisoned in the county jail for any term, not less than 
ten days nor more than ninety daj^s, at the discretion of 
the court ; said fines, when collected, to be disposed of as 
provided by general law for similar fines. 
Election of § 11. The election of D. D. McGibeny, J. O. Stanton, 
James Van Riper, Dr. S. N. Fish, Simeon E. Hyde, Dr. 
G. W. Kitteli, J. A. Adams, Rev. C. C. Breed 'and Dr. 
James Boai'dmau, as trustees, and their election of presi- 
dent, secretary, and treasurer, as well as all other prior acts 
of said board, is and the same is hereby declared to be le- 
gal and proper, to all intents and purposes, as fully and in 
every respect as though the act of incorporation had been 
enacted prior to such election and action, and in accordance 
with its provisions. 

§ 12. This act shall be a public act, and in tbrce from 
and after its passage. 

xlrpROYED March 27, 1S69. 



lu force Marcb AN ACT to incorporate the Winetka Academy. 

,4, 1869. 

Section 1. Be it enacted by the Peojyle of the ^tate of 
Illinois, re'presented in the General AssemUy, As foi- 

corporatorp. lows : Timothy Wright, Artemas Carter, R. M. Groves, 
Oliver W. Beldeu, David P. Wilder, B. Blake, O. S. Goss, 
Thomas Bassett, and James L. Wilson, and their succes- 
sors, are hereby constituted a body corporate, by the name 

Name and style, of "The Wiuetka Academy," for the purpose of establish- 
ing and maintaining a school for males and females, or 
either, in the village of Winetka, Cook county, with power 
to sue and be sued, to take and hold property, both real and 
personal, by gift, grant or otherwise, and to lease, grant 
and transfer the same for the purposes aforesaid ; to have 
a common seal, and to change the same and their corporate 
names at pleasure. 
Appoiuthoard § 2. The estate and concerns of said corporation shall 
be managed by a board of nine trustees, to be appointed 
and elected as hereinafter mentioned. 

Termor office. § 3. The pci'sons named in the first section of this act 
shall constitute the first board of trustees, and shall hold 
their office for two years from the time this act shall take 
effect, and until their successors shall have been elected and 
qualified. 

rapiiai *to(k § 4. The said corporation may have a capital stock of 
one liundred thousand dollars, divided into shares of one 



ACADEMIES. COLLEGES, ETC. 35 

lumdred dollars each, and subscriptions therefor shall be 
binding when tive thousand dollars thereof shall have been 
subscribed for; and when five thousand dollars of said 
stock shall have been taken as aforesaid, the trustees of 
said corporation shall order ten per cent, thereof to be paid 
in ; and thereafter, whenever any of said stock shall be 
taken, the same proportion thereof shall be thereupon paid 
as may have been paid or ordered to be paid on the stock 
previously issued. And the said trustees may, from time 
to time, order other installments of said stock to be paid: 
_ Provided^ that not more than tilry per cent, thereof shall 
be so ordered to be paid in any one year. In case of non- when stock 
payment of any such installment for thirty days after due, e^*^.^ '^^ forteit- 
the holder of such stock thus in default shall forfeit the same 
to said corporation. 

§ 5. Every person, holding a certificate for one or more who entitled 
shares of said stock, shall be a member of said corporation, toyotc. 
and entitled to one vote for each share so held on which all 
installmentB are paid. 

S 6. The said trustees may make by-laws for said cor- compensatiou 

" . 1 , . '' • ^ ,. '{ -J , 1' and duties ol 

poration, and may therem provide for the appointment of officers. 
such other officers and agents of said corporation as they 
may see fit, and prescribe the manner of their appointment, 
term of service, compensation and duties, and may employ 
teachers, prescribe studies, fix salaries, issue and confer di- 
plomas and degrees upon students, and do all other things 
necessary to accomplish the object hereby contemplated. 

§ 7. On the first Monday of April, A. D. 1S71, and an- 
nually thereafter, the stockholders of said corporation shall 
elect, by ballot, from their own number, nine persons, as 
trustees, who shall hold their office for one year, and until 
their successors are elected and qualified. The trusteesof 
said corporation shall receive no pay or compensation for 
their services in that capacity. 

§ 8. No spirituous, vinous or fermented liquors shall be ^^^pj^^^ ^^'^ 
sold, under license or otherwise, within the corporate limits ° ^'^"°''''- 
of the said village of Winetka, after the school herein con- 
templated shall have been opened, except for medicinal, 
mechanical or sacramental purposes, under a penalty of 
one hundred dollars, to be recovered before any justice of 
the peace of said county, in an action of debt, in the name 
of the county of Cook : Provided, that so much of this act 
as relates to the sale of liquors may be repealed by the 
general assembly. 

§ 9. The property of said corporation shall be exempt Property cs- 

,. - ^ ,. '^ ' /f. . T ^ , enipt from taxa- 

from taxation, except for special assessments. ticn. 

§ 10. This act is hereby declared to be a public act, 
and shall take effect and be in force from and after its 
passage. 

Approved March 4, 1869. 



Election 
trustees. 



36 ACADEMIES, COLLEGE.?, ETC. — NEW PEIVILEGES. 



lu force Marc'i AN ACT to amend an act entitled "An act to incorporate Abingdon Col- 
^' ^^''-- lege," approved February 13, 1855. 

Section 1. Be it enacted hy the Peoijle of the State of 
Illinois, ^represented in the General Assembly^ That the 

Act amenaeci. act entitled "An act to incorporate Abingjdon College," 
approved February 13, 1855, be and the same is hereby so 
amended that the trustees of said colleoje shall have full 
power and authority to establish, in connection with the 
said college, and as one of the departments thereof, a school 
of the bible; and to grant to each and every student, who- 
may satisfactorily complete the course of study therein pre- 
scribed, a certificate of the fact, signed by the president of 
the college, and the professors of the school of the bible: 

be«)nfrae!f *^° Promded^ that no degree shall ever be conferred in this 
department. 
^lection for ^ ^' That, at such time aiid iu such manner as the board 

trustees. of trustccs may appoint and publish, there shall be an 

election of thirty trustee?, who shall be the legal succes- 
sors to the board of trustees as now constituted. That 
every hona fide contributor to the college shall be entitled 
to one vote for each of said trustees, which may be cast in 
person or by proxy. That ten of the aforesaid trustees 
shall be elected tu serve a term of two years, ten a term of 
four years, and ten a term of six years. That all vacancies 
occurring in this board, whether by death, removal, refusal 
to act, resignation or limitation, shall be filled iu the man- 
ner prescribed for the first election herein provided for, 
until such time as the donors shall, by their vote, entrust 
the filling of vacancies to the board of trustees; after which 
the board shall elect its own members : Provided^ the 
board shall be elected every six years — one-third every two 
years. 
Conflicting § 3. That all sections and parts of sections, of the act 

sections repeal- ^^ -vvhich this is an amendment, not in harmony with the 
provisions of this act, also so much of section 8 as relates 
to the publishing the meetings of the board, be and the 
same are hereby repealed. 

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

Appkoved March 8, 1869. 



In force March AN ACT to amend an act to incorporate the Almira College, of Greenville, 
^i'. 1S80. Bond county, Illinois, approved February 13, 1857. 

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

Elinois^ represented in the General Assembly, That the 

increased. amouut of endowment and property wliich may be held by 



ACADEMIES, COLLEGES, ETC. — NEW PKIVILEGES, 37 

said corporation is hereby extended to five hundred thousand 
dollars, and that all the property of said corporation, held 
and used exclusively for school purposes, shall be free from 
all state, county and municipal taxation, as now provided in 
the act of incorporation of which this is an amendment. 

§ 2. That the county of Bond, or the township in which Boud county 
Greenville is situated, may i and they are or either of them dowment!"^ ^''" 
hereby empowered and authorized to vote such endow- 
ments to said college, at auy time, as they or either of them 
may desire. 

§ 3. Thai section sixth of the act to which this is an section sixth 
amendment is hereby repealed; and that this act of amend- of^^^t repealed, 
ment shall be in force from and after its passage. 

Appeoved March 26, 1869. 



AN ACT to amend'an act_,'entitleil "An act to incorporate the Augustaaa In force March 
College'and Seminary," approved February 16, 1865. l*^' 1889. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly^ That section section first 
first of said act be so amended as to read "Augustana Col- ^.mended, 
lege and Theological Seminary," 

§ 2. That section second of said act be so amended as gj||^^g°° *^^° 
to add the clause in or near the town of Paxton, Ford 
county, Illinois, the words, "or any other suitable place with- 
in the state of Illinois." 

§ 3. That section six of said act be so amended as to '^^^^^^ ^'^'^ 
add the words, "or any other literary and scientific degrees." ^^^^ 

§ 4. That section eight of said act be so amended as to section eight 
read, "one hundred thousand dollars." ^'^'''^'^■ 

% 5. This act to take efi'ect and be in force from the 
date of its passage, and be deemed a public act. 

Approved March 10, 1869. 



AN ACT to amend an act entitled "An act to incorporate Blackburn The- in force March 
ological Seminary," approved February 13, 1857. 8, 1869. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That the ch.au^e of 
corporate name of the Blackburn Theological Seminary be °™^' 
changed and the same hereby is changed to that of " The 
Blackburn University." That all the rights, duties and 
obligations of the Blackburn Theological Seminary, together 



ACADEMIES, COLLEGES, ETC. — NEW PRIVILEGES. 

with all such rights and privileges as are common to uni- 
versities, including the right to confer all customary aca- 
demic and honorary degrees in the arts and sciences, shall 
belong to and by this act are conferred upon the IBlack- 
burn university. And that the provisions of the fourth 
section of the act of February 17, 1851, entitled "An act 
for a theological and mineralogical survey of the state of 
Illinois," shall extend to and include the said Blackburn 
universityas though the said university had been empowered 
to confer degrees in the arts and sciences at the time of the 
passage of said act. 

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

Approved March 8, 1869. 



AN ACT to amend an act entitled "An act to incorporate the Chicago 
Academy of Sciences," and to exempt its propert}- from taxation. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That the 
Chicago Academy of Sciences, being an institution and 
school formed and maintained solely for the advantage and 
education of the public, it and its property and estate, of 
every name and description, are hereby declared to be ex- 
empt from all taxation. 

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

Appeoved March 31,1869. 



In force^March AN ACT to amend au act entitled "An act to incorporate the Grand Col- 
2f), lSf)9. ]p„g Qf ^lig state of Illinois of the Workingmeu's Relief Society, " ap- 

proved February 10, 1865. 

Section 1. Beit enacted by the People of the State of 
Illinois, represented in the General Assembly, That the 
uues collected ^^^^'"^ Corporation created by the act entitled "An act to in- 
byiaw. corporate the Grand Council of the state of Illinois of the 

"Workingmen's Relief Society," approved February 16, 
1865, and to which act this act is an amendment, shall have 
power to assess such initiation fee and such monthly, quar- 
terly, or other necessary dues, respectively, as may be 
wanted for the purposes of carrying out the objects of said 



ACADEMIES, COLLEGES, ETC. — NEW PKIVILEGES. 39 

corporations, respectively, and may [tax] its and their indi- 
vidual members, respectively, and collect the same by law. 

§ 3. The said corporations mentioned in said sectional of Lim^ of 
this act shall not, at auy one time, hold personal property p^y° ° ^^°' 
to a greater amount than fifty thousand! dollars, nor real 
estate to a greater amount than one hundred thousand dol- 
lars, each; the property belonging to the said corporations, 
respectively, shall not be appropriated otherwise, than for 
the benefit of said associations, respectively, and for the 
uses and purposes for which they are respectively founded. 

§ 3. The object offsaid corporations is hereby declared For benevolent 
to be to unite the members thereof in a bond of brother- p'^'t?^^®^- 
hood and mutual friendship ; to minister to their wants in 
sickness and afford relief in their necessities'; to bury those 
that may die, and to provide for the widows and orphans 
of the members of said respective|!corporations, if needy ; 
to raise funds to be given, after the death of any member, 
to the widow, heirs next of kin, or other party who may be 
entitled thereto under the by-laws of said respective corpo- 
rations ; and, generally, by all means within the control of 
said respective associations, to ameliorate the condition, 
both moral and physical, of the members of eaidj associa- 
tions, respectively, and their widows, orphans or others 
that may be entitled thereto under the by-laws. 

§ 4. The said corporations, respectively, shall have By-iaws. 
power to make, and, from time to time, alter, as the said 
respective corporations may deem proper and expedient, 
the by-laws of said respective corporations, declaring and 
containing the times and manner of election for officers of 
said respective corporations, and the number, names and 
duties of such officers, and such other provisions for the 
good government, general welfare, improvement and exist- 
ence of said respective corporations, as the majority of tt.e 
members ot each corporation, respectively, may determine, 
not inconsistent with the laws of this state or of the U nited 
States. 

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

Approved March 26, 1869. 



AN" ACT to amend an act entitled "An act to Sincorporate the Heading In force March 
Seminary and Central Illinois Female College," [approved] February 9, 
A. D. 1857. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That said Name and style 
corporation shall hereafter be known by the name and style 
of " The Hedding Seminary and Female College." 



40 ACADEMIES, COLLEGES, ETC. —NEW PRIVILEGES. 

trasS^'^'^° °' § ^- "^^^^ ^^^"^ trustees whose election is provided for in 
the second section of the act to which this act is an amend- 
ment shall reside in or near the city of Abin^^don. Said 
trustees shall organize as a local board and shall transact 
all business necessary to carry out the objects of said incor- 
poration which shall demand attention, at such times as the 
joint board can not be convened ; and all such business 
transacted by said local board shall be binding on all the 
parties thereto, as if transacted by the joint board of trus- 
tees and visiting committee. 

^^Acts^^of trus- § 3. All business heretofore transacted in good faith by 
the aforesaid trustees, in the interest of said incorporation, 
or by a committee known as the executive committee, ap- 
pointed by the joint board of trustees and visitors, be and 
hereby is declared valid and binding. 

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

Appkoved March 15, 1869. 



29, 1809. 



le and Female Seminar}'," approved March 4th, 186*5 



Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That the 

cham^eofname j;,^.,;^^^ Qf ^he Said corporation is hereby changed from " The 
Kankakee Male and Female Seminary" to "St. Paul's 
School," and that by the last mentioned name, style and 
description said corporation shall hereafter be known, and 
exercise the powers, rights and privileges granted to it ; 
and that whenever the name ''Kankakee Male and Female 
Seminary" appears in said act to which this is an amend- 
ment, the words " St. Paul's School" shall be substituted 
therefor. 

Degrees. g 2. That Said Corporation shall have power to confer 

degrees of scholarship. 

Repeal. ^g^ Section five of Said act is hereby repealed. 

§ 4. This act shall be deemed a public act, and shall 
be in force and effect from and after its passage. 
Approved March 29, 18G9. 



ACADEMIES, COLLEGES, ETC. — NEW PRIVILEGES. 41 



AN ACT to reduce the law incorporating the IlJiaois Liberal Institute, in force March 
and the several acts amendatory thereof, into one act and to amend the 8, 1869. 

same, and for other purposes. 

Section 1. Be it enacted hy the People of the State of 
Illinois, repreiented in the General Assembly, That the Acts amended, 
charter of the Illinois Liberal Institute, approved February 
loth, 1S51, and the several amendments thereto, approved 
at different times, viz : January 26th, 1853, February lith, 
1857, and February 21, 1861, shall be so amended, changed 
and embodied as to read as follows : 

§ 2. Alfred Knowles, David Sanborn, Benjamin Lom- corporators, 
bard, jr., Sidney Pulsifer, James S. McConnell, Lorentus 
E. Conger, Andrew Harrington, Daniel P. Livermore, 
George A. Charles, John L, Clay, Benjamin Lombard, 
William H, Kyder, Andrew Pingree, T. J. Hale, Edvv^ard 
R. Allen, their associates and successors, are hereby con- 
stituted a body corporate, by the name of " The Lombard Name ar.d style 
University," and that they and all who shall be duly elect- 
ed members of said corporation shall be and remain a body 
corporate, by that name, forever, and shall be the trustees 
of said university, with power to contract and be contracted General powers, 
with, to sue and be sued, to acquire property, by gift, grant 
bequest, devise or otherwise, and hold and convey the same, 
whether real, personal or mixed ; to have and use a com- 
mon seal, and alter the same at pleasure; to make and alter 
by-laws for the government of the corporation, its officers, 
agents and servants. 

§ 3. The trustees of the said university are hereby Dnty of tj-nstees 
authorized to receive all the real estate, goods, chattels, 
choses in action and property of every description whatever,, 
which has heretofore been given, conveyed, purchased, be- 
queathed, devised or in anj^ other way secured to the Illi- 
nois Liberal Institute, or to the Lombard University, with 
the intent and for the purpose of establishing and maintain- 
ing an institution of learning in Galesburg, Illinois, at Location, 
which place the institution shall remain permanently loca- 
ted ; and all the said funds and estate, as well as all other 
property, real, personal and mixed, which may be received 
by them, or of which the said corporation shall be seized 
and possessed, shall be free from taxation, and shall be 
appropriated to the.endowm.ent of said university or of 
departments or professorships therein, or for purposes con- 
nected with the institution, in such manner as shall most 
effectually promote virtue and piety and the knowledge of 
such of the languages and of the liberal and useful arts and 
sciences, as shall be directed, from time to time, by the said 
corporation — they conforming to the will of any donor or 
donors in the application of any estate or property received— 

—6 



Election 
offlcere. 



ACADEMIES, COLLEGES, ETC. — NEW PRIVILEGES. 

wiiicli may be given, devised or bequeathed for any par- 
ticular object connected with the university, 
of § 4. The trustees shall have power to elect a president 
of their body, a secretary, treasurer, librarian and such 
other officers as the interests of the institution may require, 
who shall hold their offices at the pleasure of the board, and 
shall receive such compensation as the board may prescribe ; 
also, a president for the government of the universit}', who 
shall be, ex-officio, a member of the board of trustees, and 
such professors, tutors, instructors and other officers of the 
said university as they shall judge most for the interest 
Terms of of- thereof; and to determine the duties, salaries, emoluments, 

fice, salaries, .,.,., /^ i • ^ m^ i 

etc. responsibilities and tenures of their several offices, and to 

remove each or any of them when the interest of the uni- 
versity shall require it. They shall have full power and 
authority to determine at what times and places their meet- 
ings shall be holden and the manner of notifying the trus- 
tees to convene at such meetings. And they are further 
empowered to purchase or erect and keep in repair such 
houses and other buildings as they shall judge necessary 

Bj-iaws, etc. for the said university ; and, also, to make and ordain, as 
occasion may require, reasonable rules, orders and by-laws, 
not repugnant to the constitution and laws of this state or 
of the United States, with reasonable penalties, for the 
good government of said university and for the regulation 
of their own body ; and, also, to establish such departments 
of literature, science and the arts, of law, medicine and 
theology as they may deem necessary and the income of 
the university may allow, and to determine and regulate 
the courses of study in said departments ; and, through the 
president of the institution, to confer, on such persons as 
may be recommended by the proper faculty or faculties, 
such academic, honorary or other degrees as are usually 
conferred by such institutions, and to grant suitable diplo- 
mas, which shall he signed by the president of the univer- 
sity and the secretary of the trustees, and shall have affixed 
thereto the seal of the university. 

§ 5. They shall have power to fill all vacancies which 
may occur in their own board by death, resignation or ex- 
piration of the term of office or other cause, and to elect 
additional members thereto; but the tenure of their office 
and the manner of nomination and of election, and the 
of number of which the board shall consist (which number 
shall not be less than twenty-one (21) nor more than the 
number of states in this Union), also, the number which 
shall constitute a quorum for the transaction of business, 
shall be determined by by-laws made by the trustees. 

§ 6. The trustees shall also provide, at the eaid meeting, 
for the appointment of a board of visitors, the number to 
be determined by by-laws. And after the passage of this 
act, the authority of stockholders in the management of the 



Degrees. 



Number 
tnistees. 



Trustees to 
hold institution 
in trust. 



ACADEMIES, COLLEGES, ETC, — NEW PEIVILEGEb'. 43 

Institution shall cease — it being understood that the institu- 
tion is held in trust, for them and the public, by the trus- 
tees hereby made and provided for. 

S T. The trustees shall maintain a preparatory depart- ^ Preparatory 

j^ ' J- -ii ;li • ^-1. ^- 1 -J. \ ^^ department. 

ment in connection with the institution so long as it snail 
be deemed necessary for the promotion of its interests, but 
shall, as soon as possible, separate it from the university 
proper by providing special accommodations and instruction 
for preparatory students. 

§ 8. The university in all its departments shall be open pe^s'^oTs of'suu- 
to all persons of suitable age and approved character, with- able age. 
out distinction of sex ; and no person shall be refused ad- 
mission to or denied any of its privileges, honors or degrees 
on account of sos or the religious opinions which may be 
entertained, but any student may be suspended or expelled 
from the institution whose habits are idle or vicious or 
whose moral character is bad. 

§ 9. This act shall be deemed a public act, and may be 
used as evidence without being specially pleaded, and shall 
be in force from and after its passage ; and the act and the 
amendments thereto, of which this act is an amendment 
and embodim.ent, are hereby repealed. 

Approved March 8, 1869. 



AN" ACT to amend aa act entitled "Ad act to amend 'an act entitled an In forec Juae 
act to incorporate the Lind University,' approved February 13th, ISST,. 19» 1869. 
and approved February 16tb, 1865." 

Section" 1. Be it enacted by the Peojjle of the State of 
Illinois, represented in the General Assembly, That all Property es- 
property, of whatsoever kind and description, belonging or emptfromtaxa- 
appertaining to the Lake Forest University, shall be and 
forever remain free and exempt from all taxation for state, 
county or municipal purposes, excepting as is provided in 
section (13) thirteen of the said act, approved February 
16th, 1805, of which this act is amendatory. 

Approved March 25, 1869. 



44 ACADEMIES, COLLEGES, ETC. — NEW PRIVILEGES. 



lu force March AX ACT to amend an act catitled "An act to incorporate the Metropolis 
15, 1869. College," approved Februiry 22d, 1802. 

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

Illinois^ represented in the General Asseinbh/^ That it shall 

Trustees may and uiav be lawful for the trustees of Metropolis Colleoje to 

transfer money , ,• '' , , , • , i • • 

.indotuer prop- transfer any money or other property in their possession, ac- 
^^^'^- cnmiilated by said trustees, by virtue of the act incorporatino- 

said Metropolis College, approved February 22d, 1SG2, 
and to donate such money or other property to the school 
directors of district number one, in township sixteen soutli, 
range four east ; and the said directors are hereby author- 
ized to receive the same and apply the said money or prop- 
erty to the erection of a school building in said school dis- 
trict. 

§ 2, This act shall be a public act, and shall take effect 
from and after its passage. 
Approved March 15, 1869. 



lu force March AN ACT to amend an act entitled "An act to incorporate the Monmouth 
13, 1869. College, in Warren county," approved February IGtb, 1857, and an act 

amendatory thereof, approved February 18th, 1859. 

Preamble. Whekeas, the general assembly of the state of Illinois 

did, in an act approved February IGtli, 1857, create and es- 
tablish, at Monmouth, in the county of Warren, and state 
of Illinois, a collegiate seminary of learning, for the instruc- 
tion of youth in the various branches ot science and litera- 
ture, the useful arts, and the learned and foreign languages, 
to be known and called by the name and style of " The 
Monmouth College ;" and, whereas, the general assembly 
vested the power of appointing three-fourtlis of the trus- 
tees of said college in the synod of Illinois of the Associate 
Reformed church, and by an act amendatory to the act 
aforesaid, transferred the aforesaid appointing power to the 
synod of Illinois of the United Presbyterian church; and, 
whereas, it is represented to this assembly that it is desired 
by the synod aforesaid to associate with it, in the direction 
and control of the college aforesaid, the synod of Iowa of 
the United Presbyterian church, and to obtain the neces- 
sary amendments to the act aforesaid; therefore, 
Bights and SECTION 1. Be it enacted by the People of the State of 
powers of trns- JUinois, represented in the General Assembly^ That the 
^®*" members of the senate, hereinafter provided for, of the col- 

legiate seminary of learning established at Monmouth, in 
the county of Warren, in the state of Illinois, by an act of 
the general assembly, approved February 16th, A. D. 1857, 



ACADEMIES, COLLEGES, ETC. — NEW PKIVILEGES. 45 

shall constitute the body politic and corporate described in 

the act aforesaid, by the name and style of "The Monmouth Name and sfyie. 

College," and the said members of the senate aforesaid, or 

their associates and successors, under the name and stjle 

aforesaid, shall have and exercise the rights, privileges and 

powers, all and singular, vested in the trustees of the at'ore- 

said college, by the act aforesaid, in the manner and with 

the limitations provided in this act. 

§ 2. Ivory Quimby, A. Y. Graham, I. J. Glenn, TJiomas corporators. 
Johnston, sr., James Strain, Chauncey Hardin, David 
Graham and James G. Madden, under the name and style 
of trustees, and Marion Morrison, John Scott, Andrevv^ Bev- 
eridge, Robert C. Matthews, John H. I^ash, John M. Gor- 
don, Robert W. McOlaughry, J. A, Eadie, John H.Brown, 
J. R. McCalister, Draper Babeock, David McDili, James 
Thompson, John Turnball, W. T. Mofiett, A. 0. Harding, 

Samuel Rankin, Robison, M. D., Samuel Milton, 

Robert Ross, W. P. Pressly, under the name and style of 
directors, or their associates and successors, met together as 
provided hereafter in this act, are hereby constituted " The 
Senate of the Monmouth College," with the rights, powers 
and privileges herein granted. 

§ 3. The said senate shall also have power to establish Preparatory 
departments in the aforesaid college for the study of any and ^^^^ ^^°'^' 
all learned and liberal professions. The said senate may also 
attach to said college an academical or preparatory depart- 
ment, and a female department. 

§ 4. The said senate shall elect a treasurer, whom tliey „.'^''^^^"T J,^ 
may remove at pleasure, who shall give bond with ap- duties, °^'^ 
proved security, payable to the senate, by its name afore- 
said, fliithfully to discharge the duties of his said office ; 
and shall render an account of all moneys, goods and chat- 
tels received and expended by him on account of and for 
the use of said college; and on failure or refusal to d«:> so 
shall be subject to the like proceedings as are prescribed by 
law in case of county treasurer in this state : Pt^ovlded^ 
that no appropriation, payment, or disbursement shall at 
any time be made by the treasurer but such as shall be in 
pursuance of the directions or order of the board of trus- 
tees or senate. The said senate shall elect a secretary, who secretary-Ms 
shall keep the records of both the board of trustees and the ^^^^"'^' 
senate, and perform such other duties as may be assigned 
him by the said board of trustees or senate. The said offi- 
cers described in this section shall be known, the first as 
the treasurer of the Monmouth College, and the second as 
the seci-etary of the Monmouth College. The said senate 
shall also have pov/er to determine the number of directors. 

§ 5. The said trustees shall be nine in number, and shall Nmnbor of 
be so arranged in three classes that one-third of their num- 
ber shall go out of office in each successive year, at the time 
of their regular annual meeting of the aforesaid senate, and 



46 ACADEMIES, COLLEGES, ETC. NEW PieiVILEGE'S. 

as such vacancies occur they shall be filled by the said 
senate. 

To constitute § 6. The president of the Monmouth College, and in 
a quorum. j^jg absence, the vice-president, shall be, et-co^Vio, president 
of the board of trustees and of the senate; and the said 
president, with any four trustees, or any five trustees, with- 
out the president, shall constitute a quornm for the transac- 
tion of business. In the absence of the president, the 
trustees may appoint one of their own number as tempo- 
rary chairman. 

Action of § 7. The said board of trustees shall have power to act 
final. ^ ' on all references and appeals from the faculty of the college 
aforesaid, and their decision shall be final. They shall also 
have power to remove or suspend the president or pro- 
fessors and instructors or tutors, at any time, which act 
shall be final until reversed by the senate. They shall also 
have power to fill vacancies that may occur in the faculty 
or any other office of the aforesaid college not otherwise 
provided for, hy pro iem. appointments, which shall expire 
at the meeting of the senate next ensuing. 

Maypurchage g 8. The Said board of trustees shall have as full and 
ercy. ° ' '^^°^" Complete power as the senate itself to purchase, receive 
and hold, to them and their successors forever, for the use 
and benefit of the said college, any lands, tenements, 
moneys, goods and chattels, of what kind sover, which 
may be purchased by, or may be devised or given to the 
said Monmouth college, and to loan, let, rent, sell, or other- 
v^4se dispese of the same, in such manner as shall seem to 
them most conducive to the advantage of the said college. 

Number of § 9. There shall be not less than eighteen directors, 
directors. ,-^^^^ ^j^^^ gj^^H j^^ ^^ arranged in three classes that one-third 

of their number shall go out of oflice each successive year, 
on the first day of January. One-half of such vacancies 
shall be filled by the synod of Illinois of the United Pres- 
byterian church, and one-half by the synod of Iowa of the 
United Presbyterian church, at their annual meeting next 
preceding the first day of January on which such vacan- 
cies occur. The synods aforesaid shall have power to 
admit other bodies, civil or ecclesiastical, to particij)ate with 
them in the direction and control of said college, and the 
bodies thus associated shall have power to determine what 
number of said directors each shall appoint. In case of 
the failure of any body thus associated to appoint the num- 
ber of directors to which it may be entitled, it shall be the 
duty of the senate, at its meeting next following the 
first day of January at which such vacancies may oc- 

when Tacan- cur, to fill the Same. In case of the withdrawal o'V the 

eies occur, how n • i ^ , -r -I t -, 1 1 

ttiied. aforesaid synod of Iowa, or any other body that may be 

associated with the aforesaid synod of Illinois, as herein 
provided, from participation in the management and con- 
trol of the aforesaid college, all the rights, powers and priv- 



ACADEMIES, COLLEaES, ETC. — NEW PRIVILEGES. 47 

ileges which the aforesaid body may have enjoyed under 
this act shall revert to, and be enjoyed and exercised by the 
aforesaid synod of lUinois. Any nine directors met, with 
a quorum of the trustees, in accordance with a regular call, 
shall constitute a quorum of the senate for business. 

S 10. The said trustees and directors, when met for the Trustees and 
exercise ot the powers and lunctions ot tiie senate, snail sit lu joint sesisioD. 
in joint session ; but it shall require a majority of all the 
votes cast, by both trustees and directors, counted sepa- 
rately, to adopt any resolve, ordinance, order, statute,^ or 
act in relation to the finances of the college aforesaid: 
Provided^ Imioe^^^er^ that a majority of the votes cast by all 
the members of the senate present shall be sufficient to 
elect any ofiicer of said college, till vacancies in the number 
of trustees or directors, and to adopt any resolve, ordi- 
nance, order, statute or act, respecting any other subject 
whatever, not pertaining to the finances of said college. 
The acts of the senate shall be in the following form or 
style : " Be it resolved by the trustees and directors of the 
Monmouth college, in senate assembled." 

§ 11. Whenever any trustee shall absent himself for offlce^of at- 
three successive regular meetings of the board of trustees, cated."'"' 
without assigning a sufficient reason at the fourih, the trus- 
tees of the said college, or a quorum of them, shall have 
power, by entering it on the minutes, to declare his scat 
vacant, and may elect a new trustee to fill such vacancy, 
who shall hold his oflice until the next meeting of the sen- 
ate, who shall permanently fill the same. 

§ 12. The board of trustees shall meet when called by J^^.'^JX^S 
the president of the college, the iaculty, or any two mem- ings."^ 
bers of the faculty, or of the board of trustees, and it shall 
have power to fix the time and place of its regular meet- 
ings. The first annual meeting of the senate shall be held 
in the college chapel, on the Tuesday preceding the last 
Thursday of June, A. D. 1869, and shall have power to fix 
the time and place of its annual and other meetings there- 
after. The said senate shall meet, when called by the 
president, the board of trustees, or the faculty. 

§ 13. The president of the Monmouth College shall be ^^fjf ^^^^^^^^^j*^^ 
chief executive officer of the same ; he shall furnish the officer. 
board of trusteos and senate, and each body associated 
in the direction of the college, such information as they 
may require of him ; he shall also have power to require 
of any officer, professor, or instructor, a full report con- 
cerning the condition of any department entrusted to him, 
and his opinion in writing concerning any question per- 
taining to the government, instruction or discipline of the 
said college, or any department thereof; he shall also make 
to the trustees and directors, or senate, at their annual 
meeting, a full report of the condition of the college, and ^^ Full ^^ report 
recommend such action as he may judge fit and proper to l^^^"^ 



48 



TomaliPrule? 
andregulatioE8. 



Amendatciy 
act. 



Coiifliclini' 
acts repealed. 



ACADEMIES, COLLEGES, ETC. — NEW PRIVILEGES. 

be taken by the said- senate. The president aforesaid, to- 
gether with such professors, instructors and tutors as the 
senate may designate, shall be styled the faculty of the 
Monmouth College, and shall have power to ordain, regu- 
late and establish'tho courses and modes of instruction and 
education to be pursued in the said college, and shall have 
power to adopt and enforce such roles and regulations as may 
be deemed expedient for the good government of the insti- 
tution, which rules and regulations shall not be inconsistent 
with the constitution and laws of tho United States or of 
this state, or with the by-laws and ordinances of the senate; 
and such courses of study and education, and rules and reg- 
ulations, shall remain in force until disapproved by the sen- 
ate or board of trustees, and no longer. The said faculty 
shall have power, with the consent of the senate, to con- 
fer literary degrees on sucli persons as they may judge 
to merit the same, in as ample a manner as any other 
institution can do, and to sign and grant, under the seal of 
the college, testimonials thereof. 

§ 14. " This act shall be deemed amendatory of the act 
of tlio general assembly approved February 16th, 1857, for 
the establishment and government of the Monmouth Col- 
lege ; and all acts and parts of acts inconsistent with this 
act are hereby repealed. 

§ 15. This act shall be deemed a public act, and may 
be used as evidence without being specially pleaded, and 
without proof, and shall be in force from and after its 
passage. 

§ 16. The corporate powers of Monmouth College shall 
continue to be exercised by the present officers thereof un- 
til such time as the powers herein granted shall take effect 
and go into operation. 

Appeoved March 13, 1869. 



In force April AN ACT to ameud an act entitled " An act to incorporate tiie Quiucy Col- 
li, 1869. lege," approved March 6th, 1869. 

Section 1. Be it enacted by the Peoijle of the State of 

Illinois, reiwesented in the General Assembly, That section 

Act amended, four (4) of the abovc mentioned act be amended by striking 

ovit of said section the following v,'ords : " Subject to the 

dictation and control of the said conference." 

§ 2. This act to be a public act, and shall take effect and 
be in f?rce from and after its p 

Appeoved April 17, 1869. 



ACADEMIES, COLLEGES, ETC. NEW PRIVILEGES, 40 



AX ACT to amend the charter of the Uni^rersity of Chicago. In SO^lSb^^^'^^ 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assembly, That .the Trustees divid- 
board of trustees of the University of Chicago shall, at the bcs. 
next annual meeting of said board, be increased by the ad- 
dition thereto of seven new trustees, making the full board • 
of trustees, including the president of the university, num- 
ber forty-three. Said board of trustees shall be divided 
into six classes, numbered respectively, first, second, third, 
fourth, fifth and sixth, and that at the next annual meeting of 
said board of trustees," said board shall elect seven trustees 
to succeed the class whose term of ofBce then expired, to Terms of oince. 
hold their office for the term of live years ; and shall a,lso 
elect seven other persons to complete the number of trustees 
above named, who shall hold their office for the term of six 
years ; and at all subsequent annual elections of trustees of 
said university, the persons who shall be elected to succeed 
the trustees whose terms of office shall then expire, shall 
hold their office for the term' of six years : Provided, that 
this act shall in no way affect the term of office of the presi- 
dent of said university. 

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

Appkoved March 30,lS69. 



AN ACT to amend an act entitled "An act to incorporate the Virginia In forca March 
Seminary of the Cumberland Presbyterian Church," approved June I'i, ^' ^^^^• 

1852, and an act amendatory tliereof, approved June 1, 185Y. 

Section 1. Be it enacted by the People of the State of 
lllinois^representedin the General Assembly, That Thomas corporators. 
Wilson, Henry H. Hall, John Rodgers, Henry Freeman, 
Milton Berry, William Campbell, A. C. Crandall, J. B. 
Crafc, Z. W. Gatton, and their successors, are hereby cre- 
ated a body politic and corporate, by the name of "Virginia Name andstyia. 
Seminary of the Cumberland Presbyterian Church," and 
by that name to remain and have perpetual succession, with 
power to contract aiid be contracted with, sue and be sued, 
plead and be impleaded; to acquire, hold, use and convey 
property, real, personal and mixed ; to use a common seal, 
and the same to alter or change at pleasure ; to make and 
alter by-laws for the government of the corporation, its 
officers, agents and servants : Provided, such by-laws be 
not contrary to this charter, and the constitution and laws 
of the United States or of this state. 
_7 



50 



Objpc's of tho 
eorpoiation. 



Corporation 
vested with the 
rights of proper- 
ty. 



ACADEMIES, COLLEGES, ETC, — NEW P[iIVILEGE8. 

§ 2. The object of the corporation sliall be the estab- 
lishment, support and governinent of a seminary of learn- 
incr for the advancement of religion, science an(i the cause 
of education generally, under the control of the Sangamon 
Presbytery of the Cumberland Presbyterian Church. 

§ 3. The corporation hereby created shall succeed to 
and be vested with all the rights of properly vested in the 
Virginia Seminary of the Cumberland Presbyterian Church, 
and the Union College of the Cumberland Presbyterian 
Church, under and by virtue of the act entitled "An act to 
incorporate the Virginia Seminary of tlieCumberland Presby- 
terian Church," approved June 14, 1852, and the act amend- 
atory thereof, approved Jnno 1, 1857; and all parts of the 
said acts inconsistent with the provisions of this act are 



semi-auuuai hereby repealed. 

reports of trus- o » m, i i 

tees. § 4. The board o 



Power of trus- 
tees. 



May hold and 
convey property^ 



trustees vshall make to the said Snn- 
gamon Presbytery of the Cumberland Presbyterian Church, 
in Meriting, a semi-arjnual report, including all matters rela- 
ting to the interests of the institution ; and a failure, on the 
part of the board, to comply with the provision of this sec- 
tion, shall give full power to the aforesaid presbytery to nomi- 
nate another board in place of the board thus failing to act. 

§ 5. This said seminary shall remain located at or near 
"Virginia, in Cass county, Illinois; and the persons named 
in the first section hereof, and their successors, shall be 
the trustees, one of whom shall be president of the board. 

§ 6. The trustees shall have power to obtain and hold 
title, in -the name of the corporation, to the land on which 
the buildings are now erected or may hereafter be erected ; 
to appoint a president, and professors, teachers and instruct- 
ors as the wants of the institution may require and the 
funds justify ; to fix the compensation of the president, 
professors, teachers and instructors, and to dismiss or re- 
move any one or all of them atid appoint others in their 
places ; to purchase furniture, books, maps, charts, globes, 
philosophical and other apparatus required in the business of 
instruction ; to prescribe the course of study, hx the price 
of tuition, room-rent, and all other accommodations afforded 
to pupils; to adopt by-laws for the regulation of the duties 
of all persons employed in the institution, and the conduct 
of students and pupils. They shall also have power to 
dismiss from the institution all students or pupils who may 
violate the laws, or whose conduct may be immoral. 

§ 7. The corporation may receive or take, by any mode 
of conveyance or transfer of property, real, personal or mixed, 
and have, hold and use the same, together with the issues, 
rents and protits thereof, for the use of the institution and 
subject to the control and disposition of the trustees: Pro- 
vided^ hoivever, that property or money donated to the insti- 
tution for a special purpose shall, if accepted, be applied to 
such purpose. 



AOADEMlIilS, COLLEGES, ETC. NEW PEIVILEGES. 51 

§ 8. The trustees shall not, under any circumstances, en- ^J,° uUla'foi-' 
cumber the property with debt, or any liability whatsoever; deists. 
and if at any time, in the management of the institution, 
they shall make or contract a debt for which they have 
nor available means belonging to the institution, they shall 
be individually and coUectivelv liable for said debt. 

§ 9. The lor. of land on which the buildings stand, not tlS.^ ''°°' 
exceeding in quantity twenty acres, with the improvements 
thereon, and all the personal property of the corporation, 
shall be exempt from taxation for any purpose whatever. 

§ 10. The said trustees shall have power to establish j^^^^y^^^ confer 
departments iu the said seminary for the study of any or grees. 
all the liberal professions, including the arts and sciences, 
and to grant diplomas, and to confer such academical or 
honorary degrees as are usually conferred by colleges or 
seminaries in which similar studies are pursued. 

§ 11. The said trustees shall hold a meeting at Virginia Meetings, 
on or before the first Monday in April, next; appoint a j^Jj^n and where 
president, secretary and treasurer of the board; and the 
president, at said meeting, [shall] divide the members uf 
the board, including the president, into three classes, of 
equal number; and the time of service of those composing 
the first class shall expire in one year from said date ; those 
composing the second class shall expire two years from said' 
date ; and those comprising the third class in three years 
from said date ; so that the time of the service of one-third 
of the members of the board will expire and successors be 
appointed every year; and persons appointed to fill 
vacancies resulting from death, resignation or removal out 
of the state, shall stand on the class or classes of those who 
may thus have ceased to be members of the board, and 
their time of service limited accordingly. 

§ 12. Successors to trustees whose term of service shall Presbrteryto 
have expired shall be employed of persons nominated by "e^e"^'"^"® 
the Sangamon PresbytcL-y of the Cumberland Presbyterian 
Church, who shall be appointed upon such nomination by the 
trustees in olfice; and all other vacancies occurring in the 
board shall be filled in like manner : Provided, that [if] 
the said presbytery should at any time fail to make nomi- 
nations, the trustees in olfice shall make appointments, to 
stand and continue until said presbytery shall act in the 
premises. 

§ 13. A majority of the board of trustees for the time Quorum to do 
being shall constitute a quorum for the transaction of ordi- bismesa. 
nary business, but two-thirds of the board must concur in 
the appointment or removal of the president, and a major- 
ity uf the whole board must concur in the appointment or 
removal of professors, teachers and instructors in the sev- 
eral departments. 

§ 14. The trustees shall make a semiannual report to Annual report, 
the Sangamon Presbytery of the Cumberlaiid Presbyterian 



corporation. 



AGRICULTURAL. 

Church, iucluding everything pertaining to the interests of 
tl\e inBtitution. 
Objects of tbe § 15. The obicct of the corporation is the establish- 

ornoratiou. '- ^ ^ -' , ft- • ,_• , ^- i> ^ 

inent, support and government of an institution oi learning 
for the advancement of religion, science and the canse of 
education generally, under the control of Sangamon pres- 
bytery, but should the institution, in the opinion of San- 
gamon presbytery, not receive sufficient patronage, so as 
to accomplish the object intended by the original donors, 
then the said Sangamon presbytery shall have full power, 
through the trustees, to cause the property to be sold and 
the proceeds to be applied to educational purposes, for the 
use and benefit of the said Sangamon presbytery, where 
they will be most likely to effect the said object. 

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

Approved March 8, 1869. 



la force Mar«h AN ACT to oraeiul an act entitled " An act to incorporate the Illinois 
30> 1869. Wesleyan University," approved Feb. 12th, 1853. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That all 
Endowment funds, property or real estate that have been or may be ac- 
diverted. ^ ^ quired by the trustees of said Illinois Wesleyan University, 
by gift, donation or otherwise, for the endowment of said 
university, shall in no case be used or appropriated by said 
trustees for other uses or purposes than the endowment of 
said university ; and it is hereby declared incompetent for 
said trustees to make any contract or agreement for the 
diversion or that will result in the diversion of any portion of 
the endowment funds of said university, from the uses and 
purposes intended by the donors of the same. 

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

Approved March 30, 1869. 



AGRICULTURAL. 



In force March AN ACT to incorporate the Chicago Agricultural Work.?. 

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

Illinois, represented in the General Assemhly, That George 

Corporators. W. Gage, A. C. JTesiiig, John IVoodbridge, jr., A. R. 



AGRICULTURAL. 53 

Lull and Kobt. L. Fabian, their associates and successors, 
be and they are hereby incorporated into a body corporate, 
by the name and style of "The Chicago Agricultural Name and etyie. 
Works," and by such corporate name shall be capable in 
law and equity to sue and be sued, plead and be impleaded, 
and to do all other matters and things necessary and expe- 
dient to protect and defend their corporate rights, and shall 
have a common seal, which they may change at pleasure, 
and may purchase and hoid real estate, and may convey May hold aud 

, " ^ • , ; 1 1 i. 1 T <■ L convey real ea- 

the same, either absolutely or by way ot mortgage, as may tate. 
be considered necessary. Any three of the corporators 
above named shall be sufficient to organize under this char- 
ter, and the corporators above named, so organizing, shall 
constitute the board of directors from the date hereof for 
the first year. 

§ 2. The said company shalf have the right to maiiu- of^^^gJ^;c^tift\\j.|i 
facture and deal in agricultural implements and all other implements, 
articles of a similar nature, and shall possess and enjoy all 
powers convenient or necessary to carry into eifect this ob- 
ject or incident thereto ; and for tlie purpose aforesaid, all 
"necessary agents and servants to employ. 

§ 3. The capital stock of said company shall be ob- capital stock 
tained by subscription and divided into shares of one bun- ^^^^^^ ''^^"^ 
dred 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 manner, and subject to such provisions and restrictions, 
as the board of directors may, by the by-laws, prescribe. 
The amount of said capital stock shall not be less than ten stock maybe 

-1 n Ti ■ •'■ 1 • T X- ^- 1. i.- mcreaEea. 

thousand dollars, and may be increased from time to time^ 
to one hundred thousand "dollars, by vote of the board of 
directors. 

§ 4. All the corporate powers of said company shall be ^^^oard of ^^- 
vested in a board of directors and such officers and agents number, 
as said board shall appoint. The said board of directors 
shall consist of not fees than three nor more than five 
stockholders, who sliali be chosen on the expiration of one 
year from the date hereof, and annually thereafter, by the 
other stockholders, each share having one vote, which may 
be given in person or by proxy ; such directors to continue 
in office until their successors are elected and qualified. 
Vacancies occurring in the board of directors in any man- vacancies— bow 
ner, either by death, removal or inability, or refusal to meet ^"^'^■ 
or act, may be filled by the remaining directors ; such ap- 
pointees to continue in office until the next regular elec- 
tion. 

§ 5. The said board of directors are authorized to make ,K|SS 
such by-laws as may be expedient and proper for the man- 
agement and control of the business of said company, and 
to provide by the same for the cancelment of any subscrip- 
tion to the capital stock of said company, for the failure to 



Meeting— ii> 
tice of. 



54 AGKICULTUKAL. 

pay any installment when called for, and also to declare a 

forfeiture to the company of any share or shares of stock, 

for defanlt in the payment of any assessment duly made 

and declared upon the same. 

Duties of offl- ^ 6. The board of directors may appoint, either from 

eeivamst'''^ ^"'^ ^^^'^■^^' °^'" members or otherwise, such agents, and servants, 

and ofticers, and shall define their duties, as may be proper, 

and may discharge any of them at any time, and may re- 

. quire surety for the performance of their duties and may 

fix their compensation. 

§ 7. The president and secretary, or any three of the 
directors, may call a meeting of the board of directors by 
reasonable notice in writing. 
May execute § 8. The Said Company, by its duly appointed agents, 
edDe-f"''*^^'^'" may execute any bond or instrument of indebtedness, and 
may become a party to any commercial paper, in the same 
manner and to the same extent that a private individual 
might do, eo far as the same shall be necessary and expe- 
dient in the regular course of business of said company, 
and may hypothecate or mortgage any of its personal or 
real property for any obligation or indebtedness so entered 
into or assumed. 

§ 9. This act sliall be taken and considered a public act 
and shall become a law immediately on its passage. 

Approved Marcli 25, 1860. 



In force March AN ACT to provide for recording certificates of life membership in the 
SO, ISuD. Coles County Agricultural Society, and to limit the time therefor. 

Preamijie. WiiEiiEAS, the rccords of the Coles County Agricultural 

Societ}^ wherein were recorded the names of the holders 
of certidcates of life membership in said society, have been 
lost or destroyed ; and, v^^hereas, the said society, has now 
no record of any kind showing who are the lawful owners of 
such certificates ; therefore, 

JSection 1. jBe it enacted hj the People of the State of 

Board of di- Illinois^ represented in the General Assembly^ That the 

nouce' for "Se hoard of cliiectors of the Coles County Agricultural Socie- 

membersuip. fy be and they are hereby authorized to notify all persons, 

who claim to be entitled to life membership in said society, 

to make proof thereof before the secretary of said society, 

at his ofiice at any time, not more than one year after the 

date of the first publication of said notice, and the secretary 

of said society is hereby authorized to administer oaths to 

Secretary to all persons who appear before him to claim such life raem- 

adminiBter oatii ■, ^, , , ^^. ^ ^ • , iji 

bershij), and to examine such claimants, upon oatJi, touch- 
ing their claim, as well as all witnesses they may produce 
in support thereof. 



AGEICULTUKAL. 55 

§ 2. After examining the evidence famished by any secretary to 
claimant as to his ownership of a life membership in said fife mVmbers."^ 
society, if the secretary shall be satisfied from the evidence 
that such claimant is entitled to such life membership, it 
shall be his duty to record the name of such person, in a book 
to be provided by said society for such pnrpose, as a life 
member of said society, and to issue to such person a cer- certmcates to 
titicate of such membership, under hh hand and the seal of '^^ '''^"'^^'^• 
said society, with the words "new series" written or print- 
ed prominently across the face ot such certificate. 

§ 3. In case more than one claimant for the same certi- Directors to 
ficate shall appear before the secretary, it shall be the duty of iifg dtims" 
the secretary to take down, in writing;, all the testimony of- 
fered by all the claimants to such certificate, and lay the 
same before the board of directors of such society, at their 
first meeting thereafter; and it shall then be the duty of said 
board to determine, from such written testimony, which of the 
claimants is entitled to said certificate, and the secretary 
shall issue the certificate in accordance with the decision of 
said board. 

§ 4. The notice provided for in the first section hereof, by pubucawoii'^ 
shall be made by publication, fur not less than three months, 
in one or mure newspapers ]/rinted and of general circula- 
tion in Coles county ; and all persons claiming life member- 
ship in said societ_y, who shall neglect to come forward and 
make proof of their claim as aforesaid, within one year 
from the date of the first pubhcation of such notice, sliall 
be forever barred from setting up any claim to life mem- 
bership in said society, and the certificates owned by them 
shall be held and taken as surrendered by them to said so- 
ciety. 

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

Approved March 30, 1869. 



AN ACT to incorporate the Jersey County Agricultural and Mechanical 



lu force March 
2, 1S69. 



Section 1. Be it enacted hij the Peojple of the State of 
Illinois^ represented in the General AssemUy, That David corporators. 
E. Beatty, Morris R. Locke, Ezekiel Davidson, William 
Shepherd, Hugh ]^. Cross, Caleb A. Post, Lathrop^L. Kir- 
by, James E. Vanhorn, Archibald Craig, John li. Belt, 
Addison Greene, Jasper M. Terry and Charles Eldred, and 
their associates and successors, are hereby constituted a 
body politic and corporate, by the name and style of '' The Name wd style. 
Jersey County Agricultural and Mechanical Association," 



56 AGRICULTUHAL. 

and by that name and style shall have perpetual succession, 
and shall, in law, be capable of contracting and being con- 
tracted with, of suing and being sued, of pleading and being 
impleaded, prosecuting and defending, in all manner of 
actions in law or in equity ; and by that name and style be 
May hold and Capable, in law, of purchasing or receiving, by gift, devise 

convey proper- ^^, otherwise, holding and conveying any real or personal 
estate, for the benefit of said corporation ; may have a 
common seal, and alter the same at their pleasure ; and 
may make such by-laws, rules and regulations as may be 
requisite for its government and for carrying out the objects 
of said corporation, not inconsistent with the provisions of 
this act. 

Object. g 2. The object'5 of said association shall bo to advance 

the interests and encourage the improvements of agricul- 
ture, horticulture and tiie mechanical arts. 

Capital stock. § 3. The Capital stock of said association shall be any 
amount fixed by the by-laws, not exceeding one hundred 
thousand dollars, to be divided into shares of twenty-five 
dollars each. Each share shall entitle the holder to one 
vote, to be cast in person or by proxy. Such shares shall 
be deemed personal property, and shall be assignable and 
transferable upon the books of the association : Provided, 
that no person, company or corporation shall at any time 
be allowed to purdiase or hold a majority of the stock of 
said association. 
Directors to § 4. The affairs of Said associatiou shall be managed by a 

manage aflair.-,. pj.ggj^igj^t-^ vice-presidcnt and board of directors, the number 
of whom may be determined by the by-laws of said association; 
which said officers and directors shall be elected annually, 
at such times and in such matsner as shall bo determined 
by the by-laws of said association ; and in case of any va- 
cancy occurring in either of said offices, by death, resigna- 
tion or otherwise, such vacancy may be filled by appoint- 
ment of the board of directors, until the regular election of 
Secretary and officers of Said association. The board of directors shall 

po^S^"^ ^lly hc'ive power to appoint a secretary and treasurer of said 

board. association, who shall hold their otiices during the pleasure 

of the board. They may also, from time to time, appoint 

such other officers and agents as they may deem necessary. 

Opening suii- g 5, Books for subscriptiou may be opened at such 

scnptiou °<^'^- |-jfj-,Qg j^jj^-] at such places, in the county of Jersey, as the 
board of directors may prescribe. In case of the non-pay- 
ment of any subscription to the capital stock or any part of 
the same, the association shall have power to declare for- 
feiture of such shares which shall not be paid up, and to 
sue for and recover and collect all delinquent payments.' 
May bcrrow § 6. The Said Corporation are authorized and empow- 

»aoney. ^^.^^ ^^ borrow any sum or sums of money, not exceeding 

in the aggregate the sum of twentj'-five thousand dollars, 
and to execute the bonds, obligations or mortgages of the 



AGKIOULTURAL. 57 

corporation therofor ; which said boiida, obligations or 
mortgages, as ^v"ell as all conveyances made by said corpo- 
ration, shall be signed by the president and attested by the 
secretary, with the corporate seal of said association affixed. 
' § 7. A certified copy of the records and otHcial proceed- copy ofrecord 
ings of said association, attested by the secretary, with tenrevidecca*^' 
the corporate seal of the association afhxed tiiereto, shall be 
held and taken, in all courts and places, as sufficient and 
competent evidence of such records and proceedings. 

§ 8: Said corporation shall have power to pass all of'^'^^^gJforcile^U' 
necessary rules and regulations, as well as by daws, for the conduct. 
suppression ©f riotous or other disorderly conduct and for 
thy regulation of the general police of their fairs, held on 
the grounds of the association, and to prohibit the sale of Prohibit the 

11- • • IT 1 • X 1 1 1 1 • J.' sale of all 

all Vinous, spirituous or malt liqaors, during the liolGiug ot uquors. 
their fairs, upon the grounds of the association, and also 
within the limit of six hundred feet from said grounds ; 
and all tines and forfeitures that shall be declared by any 
rule, regula,tion or by-law of said association as consequent 
upon a violation thereof, may be enforced by any justice 
of the peace of said county, in an action of debt, in a sum- 
mary manner, upon complaint of the president, director, 
or other officer or agent of the association ; such justice of . .yirisdiction of 
the peace, upon complaint being made, as aforesaid, being peace. 
hereby empowered to cause such offender to' be arrested 
and brought to trial forthwilh. And for the purpose of 
securing good conduct and order, during the holding of any 
fair of said association, or at any other time when the 
grounds of said association may be used tor public purpo- 
ses, the president or any director, officer or agent of said 
aseociation, in addition to such fine as may be provided for 
such offense, may also expel such offender or offenders 
from the said grounds. 

§ 9. The board of directors shall have power to appoint PoUce- their 
a police force, who shall be authorized and empowered to erV"*'^'^'^ ^''^" 
arrest any and all persons violating any of the rules and regu- 
lations of said association, made for securing good o.rder 
and behavior, and take them before any justice of the 
peace of said county, who shall hear and determine the 
case ; and, if found guilty, such offender or oflenders shall 
be subject to such penalty as shall bo imposed by the rules 
and regulations of said association, 

§ 10. The constitution and by-laws of the association constitution 

• L- ■ • 1 ^ f 1 11 .■[ and by-laws to 

now existing in said county of Jersey, and known as the govern ?.ssocia- 
Jersej; County Agricultural and Mechanical Association, ^•""• 
now in force, and not inconsistent with the provisions of 
this act, shall govern the corporation hereby created until 
the same shall be regularly altered or repealed by said 
association ; and the present officers and directors of said as- 
sociation shall be the'officers and directors of the corporation 
hereby created until their respective terras of office eball 



58 AGEIOULTUEAL. 

expire or be vacated; and all the acts and proceediugs of 
said association, done or had in their ofiieial capacity, are 
hereby declared to be valid and binding upon this corpora- 
tion ; and all purchases made by said association, or con- 
veyances, are hereby confirmed ; and all debts and liabili-' 
ties incurred by said association, are hereby declared to be 
in full force and binding upon the corporation hereby crea- 
ted ; and all property, real or personal, now owned and 
held by said association, is hereby declared to be fully 
vested in this corporation ; and all subscriptions of stock in 
said association, heretofore made, shall be deemed and held 
as subscriptions to the capital stock of this corporation, and 
Collection of the Collection of said subscriptions may be enforced in the 

subscriptions to .,,.-^,. ^•^ , .. , 

be enforced. same manner as provided in this act for subscriptions here- 
after to be made to the capital stock of the corporation 
hereby created. 
Amend, alter 8 H, The Said associatiou shall have power to alter or 

and repeal by- i .1 • , .•, .. i 1 i -. - i 

laws, etc. repeal their present constitution and by-laws, and make, 

alter or repeal such [by-] laws as may be deemed necessary 
for carrying out the objects of said association. 

§ 12. This act is declared to be a public act, and shall 
take effect from and after its passage. 

Approved March 2, 1869. 



Inforce when AN ACT to incorporate the Pana Agricultural Works, 

certain condi- 
tions are com- 
plied with. Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That J. (J. 
Corporators. Helmick, W. S. Bucl, J. How Bullock, Wm. Elgan, M. 
Ohlman, W. T. Dobbs, J. W. Kitchell, E. H. Owen, A. 
C. Yandawater, G. P. Lawrence, S. M. Haywood, O. H. 
Paddock and O. H. Baldwin, and their associates, succes- 
sors and assigns, be and they are hereby constituted a body 
Nameandsiyie. Corporate and politic, under the name and style of "The 
Pana Agricultural Works," and by that title 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 
any court or place whatever. 
Purchase, hold | 2. The Said corooration luay liave and use a common 

and convey real i i , , , * •,' i i i 

estate Seal, and alter and renew at pleasure ; ana are hereby 

vested with power to purchase, hold and convey real estate, 
not exceeding seventy -five thousand dollars in value, and 
to purchase and hold personal property; to give and re- 
ceive promissory no-.les ; to enter into and carry on the 
manufacturing of all kinds of agricultural tools and instru- 
ments which are or may be i)teded for use in the state ot" 



AGKICULTCKAL. 0& 

Illinois, especially such as are used in plowing, planting, 
cultivating and harvesting our usual crops ; and all kinds of 
castings, mill-gearing, etc. 

§ 3. A majority of the corporators herein named may Subscription 
proceed to open books for subscription to the capital stock capuaf sfoTk . '"^ 
of said company, and shall at the sanje time, or thereafter, 
designate a time and place for the first election of directors 
of said company, by parties subscribing to the stock there- 
of; and each share of stock so subscribed shall be entitled 
to one vote. 

§ 4. The said corporation may make and establish such By-laws, rules 
by-laws, ordinances and regulations as shall, in their opin- ai^d reguiatiouB. 
ion, be necessary for the good government of the corpora- 
tion and the prudent and efficient management of its affairs, 
and are hereby vested with all powers, privileges and im- 
munities that are or may be necessary to carry into effect 
the purposes and objects of this act. 

§ 5. The capital stock of this company shall be sixty lucrease of 
thousand dollars (860,000), and may be hereinafter increas- C'-^pitai stock. 
ed to one hundred, and fifty thousand dollars ($150,000), 
and shall be divided into shares of one hundred dollars 
($100) 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 ; and in the election 
of directors or other officers, and in all other matters or in- 
terests directed by the stockholders under the by-laws of 
this corporation, each proprietor or stockholder shall be en- 
titled to as many votes as he holds shares, and have power 
to vote by proxy. 

S 6. The said companv shall have power to borrow To borrow 

J ii i.i>v.^ liji' money on deed 

money, and secure the payment of tne same by deed of of trust. 
trust, bonds, mortgage or other security. 

§ 7. The affairs of the company shall be managed by a Directors to 

1 i ,. T 1 ,< • ^ t n -I I' manage afifairs. 

board of directors, at least nve m number. After the nrst 
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 com- 
pany. The directors of said company shall be elected an- 
nually ; but any failure or omission to elect directors 
shall in nowise impair or affect the rights and powers of 
directors holding, or the rights or interests of the stock- 
holders or others' interests. 

§ 8. This act shall go into operation and continue in tms act ^ to 
foil force from and after one-fourth of the above named certaif^*^condi^ 
amount of stock is subscribed for and taken by stoekhold- tJoJ^s are com- 
ers, according to such regulations and on such terms as the 
above named corporators, or a majority of them, or the 
survivors of them, if any of them should die, shall propose 
and propound, in articles or by-laws enacted for that pur- 
pose; which by-laws shall not be subject to iteration or 



00 BANKS-- -iNCbKPORATJSD, 

repeal without the coEsent of two-thirds of the Btock- 
holders. 

ArpEovED March 4, 1869. 



BANKS— INCORPORATED. 



In force Marcli ■^■'^ ^^^'^ **^ incorporate tlie Aurora Bar.k. 

26, 1S()9." 

Section 1. Be it enacted Inj the People of tlie State of 
Illinois^ represented in the General Assembly, Tliat "William 

corporator.s. ^^ Bishop, John R. Coulter, William Gardner, Silas Rey- 
nolds, Russell G.^ Mix, Thomas Judd, William V. Plum, 
Joseph Rising, Matthew N. Norris, and all such persons as 
shall become stockholders in the corporation hereby created, 
and their successors, sball be a body politic and corporate. 

Name and style, by thc name and style of " The Aurora Bank ; " and shall 
have a common seal, which they may alter or renew at 
pleasure ; power to plead and be impleaded, defend and be 
defended in all courts of law and equity ; to have and exer- 
cise power incident to corporate bodies. Said corporation 
shall be located in the town of Aurora, county of Kane, 
and state of Illinois. 
Subscription § 2. A majority of the corporators herein named may 

tocspitaifcioc-. pj,^)(^^,p(-| j(j open books for subscription to the stock of said 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for the iirst election of directors of 
said corporation, by parties subscribiii^i; to the stock there- 
, of; and each share of stock so subscribed for sliall be enti- 
tled to one vote. 
iDoreaso of § 3. The Capital stock of said corporation sball be 

capital stock, twenty-tive thousand dollars, with power to increase the 
same to two hundred thousand dollars, and shall be divided 
into shares of one hundred dollars each — which shares shall 
be deemed personal property, subject to taxation, and shall 
be transferable on the books of the corporation in accord- 
ance with the rules thereof. 
May borrow §4-. The said Corporation shall havG power to borrow mo- 
ney, and to receive money on deposit, and pay interest there- 
on, and to loan money, either.within or without this state, at 
any rate of interest not exceeding that now or hereafter al- 
lowed by law to private individuals ; and to discount loans, 
(and in computation of time thirty days shall be deemed a 
monlli and twelve months a year), and to make such loans 



money. 



BANKS — INOOEPORATED. 61 

payable either within or without this state, and to take 
such securities therefor, real, or personal or both, as the di- 
rectors or managers of said corporation shall deem suffi- 
cient ; and may secure the payment of such loans by deeds To loan ou 
of trust, mortgages or other secnrities, either within or dl^dfoFtrast!'^ 
without this state ; miay buy and sell negotiable paper and 
other securities ; may purchase, sell or use real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation ; may accept May hold 
and execute all such trusts, whether fiduciary or otherwise, esttte."^'^^ ^^"' 
as shall or may be committed to it by any person or per- 
sons or by the order or direction of any court or tribunal 
or other legally constituted authority of the state of Illi- 
nois or the United States or elsewhere; maj'' make sncli 
special regulations in reference to trust funds or deposits 
left for accumulation or safe-keeping as shall be agreed upon 
with depositors or parties interested, for the purpose of ac- 
cumulating or increasing tlie 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 corporation in any way the directors of 
said corporation may prescribe. 

§ 5. Married women and minors may in their own Married wo- 
name subscribe for stock and deposit money with said cor- Say take'^tock'' 
poration, and receive certificates of stock and deposits in 
their own names, wiiich stock and deposits shall be subject 
to their disposal and order only. 

§ 6. The said corporation shall have power to pnichaso Fewer to do 
and hold such real estate as may be necessary lor the trans- ul^f!^^ 
action of a bona Jlde banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation, and to 
purchase real and personal estate, at any sale, to enforce its 
securities or the payment of debts due, made by virtue oi 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpo- Alter and 
ration may make, alter and amend such by-laws, rules and amend by-kws. 
regulations for its management as are not inconsistent with 
the laws of this state or of the United States : Provided, 
that any real estate sold under deed of trust or other con- Property sold 

- Ill • , 1 • T J • 1 under deed of 

veyanco, held as security by said corporation, may be re- trust, may be 
deemed by the debtor, his heirs or their heirs or creditors, ^"^ ""' 
by the payment of. the full amount of debt and cost, with 
ten per cent, interest on same, at any time within twelve 
months after such sale: A?id, provided also, that no real 
estate [which] may become the property of said corpora- 
tion, except such as may be reasonably necessary in tlio 
transaction of a dona fide banking business, shall be held 
by said corporation for a longer period than may be rea- 
sonably necessary to enable said corporation to sell and 
dispose of tho flame to advantage. 



radeemed . 



62 BANKS — INCORPORATED. 

Directore ff Y. The biisinesB of said corporation shall be conducted 

elected annual- <-> -, n > i /• i • , ^ i ^ i 

ly. by a board ot not less thaa live directors, to be elected an- 

nually by tbe Btockliuiders, who shall hold their oliicGS un- 
til their successors are elected and qualitied. The directors 
shall be stockholders, and residents oi said county. Each 
share of stock shall be entitled to one vote, which may be 
Officers to be gast in pcrson or by proxy. The board of directors shall 
elect a president and cashier; and such otlier officers and 
Siirents may be appointed or employed as said corporation, 
or its officers may see proper. 
Full amount § 8. Before said corporation shall do business the stock- 
pail ta. ° ^ holders shall pay the several amounts subscribed, in full, 
and no increase of said capital stock shall be made at any 
time unless the amount thereof shall be paid into said corpo- 
ration at tlie time of the issue of such stock; and the whole 
capital stock, including such increase, shall not exceed the 
actual value of the property of said corporation at the time 
of the issue of such increased stock, 
abnuy'of^gfock- § ^' Whenever default shall be made in the payment of 
holders. any debt or liability contracted by said corporation, the 

stockholders shall be held individually responsible for an 
amount equal to the amount of stock lield by them, respec- 
tively; and such liability shall continue until three months 
after an assignment of the stock and publication of a no- 
tice thereof, in a newspaper published at the said city of 
Aurora, in the county of Kane, and state of Illinois. 
voTd^'imieU^ort § 1^- This act shall be void unless said corporation 
ganized within ghall Organize and proceed to business within two vears 

two years. ,, ,, '=' !■ /i • , 

airer the passage ot this act. 
Directoriimit- ^ n. _No director of Said corporation shall be indebted 

ed m amount ^ '^ . , . .,, j- \.i • i- .• 

borrowed. (O Said Corporation, either dn-ectly or mdireciiy, at any 

time, for an amount greater than seventy-five per centum 
of the amount of the capital stock held by such director in 
his own name, in good laith, as his ov;n, 

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

Approved March 20, 1869. 



In force March AN ACT to incorporate the Aduins County Bank. 

27, 18t;9. 

Section 1. IJe it enaeied hy the People of the State of 
Illinois^ represented in the Gencvcd Assembly^ That John 
Corporators. Wood, sr., M. M. iJaue, Thomas Jasper, A. F. J. Pre vest, 
JNewton Flagg, Edward Wells, C. A. Savage. John Tillsou, 
G-eorge V. liutherlbrd, and all such persons as shall be- 
come stockholders in the corporation iierelfV created, and 



BANKS — INCOSPORA'lED. 03 

tlieir successors, shall be a body politic and corporate, by 

the name and style ot'"TheAdaras County Bank," and Name audBtyie. 

shall have a common seal, whijh tliey may alter or renew 

at pleasure; power to plead and be impleaded, and defend 

and be defended ia all courts of law and ecjuity ; to have 

and exercise powers incident to corporate bodies. Said 

corporation shall be located in the city of Quincy, in the 

county of Adams, and state of Illinois. 

§ 3. A majority of the corporation herein named may capital stock 
proceed to open books for subscription to the stock of said ^ be subscribed 
corporation ; and shall, at the same time or thereafter, des- 
ignate a time and place for the iirst election of directors of 
said corporation, by parties subscribing to the stock thereof; 
and each share of stock so subscribed shall be entitled to 
one vote. 

§ 3. The capital stock of said corporation shall be one Amonnt of 
hundred thousand dollars, with power to increase the same ^^^^^' 
to hve hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each, which shares shall be 
deemed personal property, subject to taxation, and shall be ^^^^^^^^s deem'd 
transferable on the books of the corporation, in accord- eity.°°" ^'^°^'' 
ance with the rules thereof. 

§ 4. The said corporation shall have pou-er to borrow money f^udtskl 
money and to receive money on deposit, and pay interest deposits. 
thereon, and to loan money, either within or without this 
state, at any rate of interest not exceedino; that now or 
hereafter allowed by law to private individuals; and to dis- 
count loans — and in computation of time thirty days shall cnXe'.^^^**"'^ 
be deemed a month, and twelve months a year — and to 
make such loans, payable 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 take securi- 
ties therefor, real or personal, or .both, as the directors or 
managers of said corporation shall deem sufficient ; and 
may secure the payment of such loans by deeds of trust, ^eedFonrast^" 
mortgages, or other securities, either within or without this 
state; may buy and sell negotiable paper and other securi- 
ties; may purchase and sell real estate, and shall have the 
power to convey the same in any mode prescribed by the 
bydaws of said corporation ; may accept and execute all 
such trusts, whether fiduciary or otherwise, as shall or may 
be committed to it, by any person or pei'sons, or by the 
order or direction of any. court or tribunal, or other legally 
constituted authority of the state of Ilhnois, or of the United 
States, or elsewhere; may make such speciid I'^S^lations ,^j^jP^^'^\^®=,^; 
in reference to trust funds or deposits left for accumulation gard to ' trust 
or safe keeping as shall be agreed upon with depositors or ™'^^' 
parties interested, for the purpose of accumulating or in- 
creasing the same ; may issue letters of credit and other 
commercial obligations, not, however, intended to circulate 
as money ; and may secure the payment of any loans made 



64 BANKS — INCORPORATED. 

to said corporatiou in any way the directors of said corpo- 
Property may ration may prescribe : Provided, that any real estate sold 

be redeemed, i^.j.jer deed of trust or other conveyance, held as security 
by said corporation, may be redeemed by the debtor, his, 
her or their heirs or creditors, by the payment of the full 
amount of debt and costs, with ten per cent, interest on 
same, at any time within twelve months after such sale : 
Provided, also, that no real estate that may become the 
property of this corporatiou, except such as may be rea- 
sonably necessary for the transaction of its business, bball 
be held by said corporation for a longer period than may 
be reasonably necessary for said corporation to sell and 
dispose of the same to advantage. 
Women and § 5. Married women and minors may, in their own 

take"stock. "^^^ liaiuo, Subscribe for stock and deposit money with said 
cor]>oration, and receive certificates of stock and deposits 
in tlieir own names, which .stock and deposits shall be sub- 
ject to their disposal and order only. 
Maypuichase, ^ ^- ^^^^ ^^^'^ corporation Fhall have power to purchase 

hold and convey and hold Buch real estate as may be necessary for the trans- 
action of a bona Jide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation ; and to 
purchase real and personal estate at any sale ; to enforce 
its securities, or the payment of debts due, made by virtue 
of any process, mortgage or deed of trust ; and to hold, 
use, improve, lease or sell and convey the same. Said cor- 
To alter and poratiou may make, alter and amend such bydaws, rules 

i^^-lawB.'^'*^* ^°^ ^^^^ regulations for its raauagemcnt as are not inconsistent 
with the !av\'s of this state, or of the United States. 
Board of d!- ^ 7. The bu&inoss (.'f Said Corporation BJuiU bo couducted 

'fstofVe. *^°^* hj 'i board of not less than five directors, to bo elected an- 
nually by the stockholders, who shall hold their offices until 
t!ieir successors are elected and qualified. The directors 
shall be stockholders and residents of the said county. Each 
share of stock shall be entitled to one vote, and may be 
cast m person or by proxy. The board of directors shall 
offlcers to be elect a president and cashier ; and such other ollicers and 

elected. agents may be appointed or employed as said corporation 

Oi- its officers may see projier. 

to^pay^n^fufr § ^- ^Q^^^''^' ^aid corporation shall conimenco business, 
the stockholders shall pay the several amounts Subscribed 
in full ; and no increase of said capital stock shall be made, 
at any time unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 
Individual g 9. Whenever default shall be made in the payment 

holders." ^°^' of any debt or liability contracted by said corporation, the 
stockholders shall bo held individually responsible for an 



BANKS — INCORPORATED. 65 

amount eqnal to the amount of stock held by them respect- 
ively ; and such liability Biiall continue until three months 
after an assijinment of the stock and publication of a notice 
thereof in a newspaper published at t'ae said city of Quiucy, 
in the county of Adams, and state of liiinoie. 

§ 10. This act shall be void unless said corporation when act to 
shall organize and proceed to business within two years '^^ '^°^'^- 
after the passajoje of this act. 

^ 11. ]^o director of said corporation shall be indebted Limit of Joan 
to said corporation, either directly or indirectly, at any time, ^^ 
to an amount greater than seventy-five per centum of the 
amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

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

Approved March 27, 1869. 



AN ACT to incorporate the Beardstown Banking Comp.inj. in forco 5Tarch 

30, 18G9. 

Section 1. Be it enacted hy the People rf the State /^f 
Illinoiss represenxted in the General Asseinljly^ That James co.-porstors. 
C. Leonard, John A. Ames, Edward B, Leonard, Ge>>rge 
H. Noite, Herman Englebath, Martin L. Bead, Franklin A. 
Hammer, Frederick Ehrhardt, Henry T. Foster, Chauncey 
Kice, and al! such persons as shall become stockholders in 
the corporation hereby created, and their sacce^isorr, shall 
be a body politic and corporate, by the name and style of 
"The Beardstown Banking Company ;" and shall have a 
common seal, whicli they may alter or renew at pleasnre ; 
power to plead and be impleaded, and defend and be de- 
fended, in all courts of law and equity ; to have and exer- 
civse power incident to corporate bodies. Said corporation Locatim of 
shall be located in the towti of Beardstown, in the counry t°''i'°'"'''^^'^"- 
of Cass, and state of Illinois. 

§ 2. A majority of the corporators herein named may To open books 
proceed to open books for 8ubseripti<m to the stock of s li'd '=*''^^''^"*i' 
corporation, and shall, at the aame tirne or thereafter, des- 
ignate a time and place for the first elecrion of directors of 
said corporation by parties subscribing to the srock thereof: 
and each share of stock so subscribed for shall be entitled to 
one vote. 

§ 3. The capital stock of said corporation shall be one ca'^™']"°\oci- 
hundred thousand dollars, with power to increase the fame andraay bo in- 
to two hundred thousand dollars, and shall be divided into '^'®*^^*" 
shares of one hundred d'.'llars each; which shares th'dl be 
deL-med per&onal pr.jpertv, snlnect to taxation, and shall bo 
—9 



06 ^ BANKS — INCOP.PORATED. 

transferable on the books of the corporation, in accordanoe 
with the rules thereof. 

mini aud"?^ § ^* '^^^ ^^^^ Corporation shall have power to borrow 

ceive deposits, monej, and to receive money on deposit, and pay interest 

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 

compntiUioa discouut loans — and in computation of time thirty days shall 

of time. be deemed a month, and twelve months a year — and to 

make such loans payable either within or without this state, 
and to take such securities therefor, real or personal, or 
both, as the directors or managers of said corporation shall 
deem sutiicient, and may secure the payment uf such loans 
by deeds of trust, mortgages or other securities, either 
Muy buy tEd witliiu Or wlthout this statc ; may buy and sell negotiable 

pnper°^"°"*^'^ paper and other securities ; may purchase and sell real 
estate, and shall have the power to convey the same in ai)y 
mode prescribed by the bylaws of said corporation ; may 
accept and execute all such trusts, whether iiduciary or 
otherwise, as shall or may be committed to it by any per- 
son or persons or by the order or direction of any court 
or tribunal, or other 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 depositors or parties interested, for the 
purpose of accunuilating or increasing the same ; may issue 
May issue let- letters of Credit and other commercial obligations, not, how- 

aDd o(her"om- ever, to Circulate as money, and may secure the pay- 
ment of any loans made to said corporation in any way the 
directors of said corporation may prescribe : Provided, that 
any real estate sold under deed of trust or other convey- 
ance, held as security by said corporation, may be redeemed 
by the debtor, his, her or their heirs or creditors, by the 
payment of the full amount of debt and costs, v.-ith ten per 
cent, interest on same, at any time within twelve mouths 
after such sale: Provided, also, that no real estate that 
may become the property of this corporation, except such 
as may be reasonaoly necessary for the transaction of itsbusi- 
ness, shall be held by said corporation for a longer period 
tlian may be reasonal)]y necessary for said corporation to 
sell and dispose of the same to advantage. 

Marriedwomen § 5. Married women and minors may, in their own 
name, subscribe for stock and deposit money with said cor- 
poration, and receive certilicatcs of stock and deposits in 
their own names, which stock and deposits shall be subject 
to their disposal and order only. 
May hold and § 0. The Said Corporation shall have power to purchase 

t'ato^*'^ ^^'^^ ^^' and holr] such real estate as may be necessary for the trans- 
action of a ba)ia fide banking business, and to take and 
hold any real estate as security for and in payment of loans 



merclal oMi; 



and minors may 
take stock. 



May make, 
alter and amend 



BANKS — INCORPORATED. 67 

and debts dno or to become due to the corporation, and to 

purchase real and personal estate at any sale to enforce its May imrchase 

... ^, ^ i. i.- J 1 . 1 11 ■ - o real and person- 

eecurities or tlie payment ot debts due, made by virtue oiaiestate. 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpo- _ 
ration may make, alter and amend such by-laws, rules and by-iawa. 
regalatioup for its management as are not inconsistent with 
the laws of this state or of the United States. 

§ T. The business of said corporation shall be con- tofe°to?o°41?of 
ducted by a boiu'd of not less than five directors, to be ave. 
elected annually by the stockholders, who shall hold their 
offices until their successors are elected and qualified. The 
directors shall be stockholders and residents of the said 
county. Each share of stock shall be entitled to one vote, 
and may be cast in person or by proxy. The board of di- Election of cffl- 
rectore shall elect a president and cashier ; and such other ^*^'^^" 
officers and agents may be employed or appointed as said 
corporation or its officers may see proper. 

§ 8. Before said corporation shall commence bcsi- ^y^'^°a^'^°5''^?er 
ness, the stockholders shall pay at least twenty-five cent 
per cent, of the several amounts subscribed ; and no in- 
crease of said capital stock shall be made at any time unless 
the amount thereof shall be paid into said corporation at 
the time of the issue of such stock ; and the whole capital 
stock, including such increase, shall not exceed in amount 
the actual value of the property ot said corporation at the 
time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment of stoci-iioideia 
any debt or liability contracted by said corporation, the gponsiwe"^ ^^' 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, re- 
spectively ; and sucli liability shall continue until three 
months after an assignment of the stock and publication Notice by 
of a notice thereof in a newspaper published at the said pufciicatioE. 
town of Beardstown, in the county of Cass, and state of 
Illinois. 

§ 10. This act shall bo void unless said corporation when tiiis act 
shall organize and proceed to business within two years ^^'^^^^'""""^ " 
after the passage of this act. 

§ 11. No director of said corporation shall be indebted indebteduess 
to said corporation^ either directly or indirectly, at any of director?. 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by each director, in 
Ms own name, in good faith, as his own. 

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

Approved March 30, 1869. 



BANKS INCOEPOKATED. 



^" oT'^i?*-^^ ^-''' ACT to iacorpoiate the Belleville BankiDj; CompaDv. 

Section 1. Be it enacted hj tlie People of the State of 
Illinois^ represented in the Geyieral Assetiibly^ Tiiat Joteph 

corporators, i^,,;^!,^,^^ ^l^^j Abend, WiliiaiTi H. LyiiD, Jamea W. 
Huohes, Peter Ginrz, Jacob B. E&utchlei-, WiiliAin II. 
Stewart, Frederick H. Pieper, Wiiliaui Kempff, and all 
such persons as sliall become stoekholders in tlie corpora- 
tion hereby created, and their snccessors, shall be a body 

Hameanaotyie. poh'tic and corpoi'ate, by the name and style of "TheBelie- 
vilic Bankiriij; Company," and shall have a common eeal, 
which they may alter or renew at pleasure .; power to plead 
and be impleaded, and defend and be defended, in all courts 
of law and cquii-y ; to have and exercise powers incident 
to corporate bodies. Said corporation eba'l bo l-icated in 
the city of Belleville, in thecounfj'' of St. Clair, and state of 
Illinois. 

opsn books for ^ 2. A majority of the corporators herein named niay 

snniciipi.on. pj.^^(.y^.^^ ty Qp^^jj books for Subscription to the stock of said 
corporation, and shall, at the same time, or thereafter, des- 
ip:natt' a time and place for the tirst election of directors of 
said corporation, by parties subscribing to the stock thereof; 
and each share of stock so subscribed for shall be entitled 
to one vote. 

capi^utods *^^ ^ ^' "^^^ capital stock of said corporation shall be twenty- 
five thousand dollars, with power to increase tlie same to 
one hundred thonsand dollars, and shall be divided into 
shares of one hundred dollars, each; which shares shall be 
deemed person?.! property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 

money \ad™I! § 4:. The sa'd Corporation shall have power to borrow 

eel ve deposits, money and to reccive moue}'' ou deposit, and pay interest 
thereon, and to loan money, either within or witliont this 
state, at any rate <if interest not exceeding tliat now or here- 
after allowed by law to private individuals, and to discount 
loans; and, in computation of time, thirty days shall be 
deemed a mouth and twelve months a year; and to make 
such loans j)ayab]e either within or without this state, and 
to take such securities therefor, real or personal, or both, 
as the directors or managers of said corporation shall deem 
sufih;ient; and may secure the payment of such loans by 

tie?viTof°traat°.° dt'eds of trust, mortL^atces or other secuiities, either within 
or without this state ; may buy and sell necrotiablo paper 
and o'her securities ; may purchase and sell real estate, and 
ehall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation; may accept and 
execute all such trusts, Avhether fiduciary or otherwise, as 
shall or miy be co'iimitted to it by an}' person, or by the 
order or direction of anj court or tribunal, or other legally 



Married wo- 
meiJ aad Riiaors 
may take stock. 



BANKS — INCOKPOEATED. 89 

constituted authority of the state of Illinois or of the United 
States, or elsewhere ; may make &\vch special regalations, in 
reference to trust fun is or deposits left for accumulation or 
8affi-keeping, as shall be agreed upon with depositors or 
parties interested, for the purpose of accumuUiting or in- 
creasing the same; may issue letters of credit and othe- leaere of 
ccuiinercial obligations, not, however, to circulate as money ; ^-^^■'■ 
and may secure the payment of any loans Uiade to said 
corporation in any way the directors of said cor-poration 
may preBcribe. 

§ 6. Married women and minors may, in their own 
name, subscribe for stock and deposit money with said cur- 
poration, and receive certilicates of stock and deposits in 
their own names ; which stock and deposits shciU bo subject 
to their die.poEal and order, only. 

§ 6. The said corporation shall have power to purchase May hold md 
and hold such real es-iate as may be necessary for the trans- l^fj,""^ ^^^^ *^'" 
action of a bona fide banking business •, and to take and 
hold any real estate as security for and in payment of loans 
due or to become due to the corporation ; and to purchase 
real and personal estate at any sale, to enforce its securi- 
ties or the payment of debts due, made by virtue of any 
process, mortgage or deed of trust, and to hold, use, im- 
prove, lease or sell and convey the same. Said curpoiation 
may make, alter and amend such by-laws, rules and regula- 
tions for its management, as are not inconsistent with the 
laws of this state or of the United States: Pi'omded^ that 
any real estate, sold under deed of trust or other convey- Redemption of 
ance held as security by said corporation, may bo re- property. 
deemed by the debtor, his, her or their heirs or creditors, 
by the payment of the full amount of debt and cost, with 
ten per cent, interest on same, at any time within twelve 
months after such sale: And^ provided^ cdso, that no real 
estate that may become the property of said corporation, 
except such as mny be reasonably necessary in the trans- 
action of a bona fide banking business, shall beheld by said 
corporation for a longer period than may be reasonably 
necessary to enable said corporation to sell and dispose of 
the same to advantage. 

§ 7. The business of said corporation shall be conducted ^i^e directors. 
by a board of not less than five directors, to be elected an- 
nually by the stockholders, who siutll hold their offices until 
their successors are elected and quaiiiied. The directors 
shall be stockholders and residents of the said county. 
Each share of stock shall be enHrled to one vote, and may 
be cast in person or by proxy. Tne board of directors shall Eiectionof offi- 
elect a presider.t and cashier; and such other officers and cers. 
agents may be appointed or employed as said corporation 
or its officers may see proper. 

§ 8. Before said corporation shall commence business stockholders 
the stockholders shall pay the several amounts subscribed, top'^-''^"^'^"- 



TU BANKS — INCOKPOKATKD. 

in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such fctock ; and 
the whole ca])ital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock, 
stockholders g 9. Whenever dofiiult shall be made in the payment 

lespons e. ^ ^^. ^^^^^ ^^^j^^ ^^ liability, contracted by said corporation, the 
stockholders shall be held individually responeible fur an 
amount equal to the amount of stock held by them, re- 
spectively ; and such liability shall continue until three 
months after an assignment of the stock, and publication of 
a notice thereof in a newspaper nublishedat the said city of 
Belleville, in the county of St. 6lair, and state of Illinois. 

Act, whenvoid. § 10. This act shall be void unless said corporation shall 
organize and proceed to business v/ithin two years after 
the i^aesage of this act. 

§ 11. ]>ro dirtKitor of said corporation shall be indebted 
to said corporation, either directly or indirectly, at any time, 
to an amount greater than seventy-tive per centum of the 
amount of the capital stock held by such director in his own 
name, in good taith, as his own. 

§ 12. This act shall be deemed a public act, and shall be in 
force from and afrer its passage. 
Approved March 30, 1869. 



Limit of direc- 
tors' injlebted- 

iiess . 



In fore Ma eh ^^ ^^^ ^*^ incorporate the Blooraington Banking Institution. 

13, lSti9. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly, That Almou 

Corporatorp. B. Ives, Jolii! N. Larrimore, George F. Dick, Lawrence 
Weldon and Keuben L. Davis, and their associates and suc- 
cessors, and till such persons as shall become lawful stock- 
holders in the institution herebj' created, are hereby con- 
stituted and shall be Jt body corportite and |»oHtic, by the 

Name aud style, name utid Style of "The Bloomington Banking Institution," 
and, as such, shall have succession, a common seal, power 
to ]dead and be impleaded, to appoint all necessary otticcrs 
and assistants, aud may have and enjoy and exercise all the 
powers necessary to carry out the purposes of a banking 
institution, to be located in the city of Bloomington, in said 
state. 
Open books § 2. A majority of the corporators herein named may 

[°on. ^'^^^"^P' proceed to open bo^oks for subscription to the stock of said 
institution, and shall, at the same time, or thereafter, desig- 
nate a time for the first election of trustees of said institu- 



BANKS — INCOEPOKATED. YI 

tiou, by the subscribers to said stock ; and each share of 
said stock shall be entitled to one vote, 

§ 3. The capital stock of said company shall be twenty- Amouutofcsp- 
nve thousand dollars, with power to increase the same to 
live hundred thousand dollars — to be subscribed and paid 
for in the manner prescribed by the by-laws to be framed 
by said institution ; and shall be divided into shares of one 
hundred dollars each, which shall be deemed personal prop- 
erty, and shall be transferable on the books of said institu- 
tion in such manner as its by-laws shall prescribe : Fro- 
mdecl, that twenty-five per cent, of the capital stock shall 
be paid up before commencing business, and the same pro- 
portion of the capital stock shall be paid up ¥;henever the 
same is increased. 

§ 4. The stockholders herein shall be responsible in stockholders 
their mdiviGual property m double the amount ol their 
stock, to make good all losses to depositors or others.- and 
no assignment 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 said city, for the period of three months. 



§ 5. The said institution shall have power to borrow 



May borrow 
money &nd re- 

money and receive money on deposit, and to loan money, ^^'^^^ deposits. 
either within or without this state, at any rate of interest, 
not exceeding that now or hereafter allowed by law, to pri- 
vate individuals, and to discount in accordance with thy 
usages of banks ; and to make such loans, payable either 
within or without this state, and to take such securities 
therefor, real or personal, or both, as the trustees or njan- 
agers of said institution shall deem sufficient, r,nd may 
secure the payment of such loans by deeds of trust, mort- 
gages or other securities; may have and hold coin and bul- 
lion, buy and sell the same ; may accept and execute all 
such trusts, whether fiduciary or othervvise, as shall or may 
be committed to it by any person or persons, or by the order 
or direction of any court or tribunal ; may make such 
special regulation, in reference to trust funds, as shall be 
agreed upon v/ith the depositors or parties interested ; and 
may issue letters of credit and other commercial obligations. 

§ 6. It may be lawful for the institution hereby in'cor- nY^^e^iTsT 
porated to purchase and hold such real estate as may be tate. 
reasonably convenient, in 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 duo or to 
become due to said institution ; to purchase real estate at 
any sale made in virtue or on account of any loan or mort- 
gage or trust made to or held hy or for said institution, or 
in which it is interested, and to receive and take, in satis- 
faction of any loan or debt, any real or personal estate, and to 
hold, use, improve and convey the same. Any real estate, sold 



72 BANKS — IXCORPOKATED. 

nndcr deed of trust or other conveyance, given as security, 
to s.iid corporation, may be redeemed by the debtor, his, 
her or their heirs or creditors, at any time within twelve 
months, by the payment of the full amount ot debt afid cobts, 
with ten per cent, interest ou same from the time of such 
sale: Provided, also, that no real estr^te which may become 
the property of said company, except such as may be 
reasL.ua!>ly necessary for the traubaction of its business, 
shall be held by suchcurporation for a longer time than may 
be reasonably necessary to enable said curporatiuu to sell or 
dispose of the same to advantage. 

Threedirect.013. g 7, The afiairs of the institution shall be managed by 
a board of trustees, at least three in number. After the 
firat election, as herein provided, the trustees shall be 
elected by the stockholders at such times, places and in 
such manner as shall be prescribed by the by-laws of said 
inttitutiou. The trustees of said institutiun shall be elected 
annually, but any failure or omission to elect trustees shall 
in nowibO impair or affect the lights or interests of stock- 
holders, depositors or others interested. 
By-iaw9forit8 ^ g^ The trustees shall have the right to form all such 

govemmen. -by^^Pi^yg ^1=, in their judgment, shall be necessary for the 

governm(nt and management of the affairs and business of 

' said institution : Frovided, that they shall contain nothing 

inconsistent with the laws and constitution of this state or 

the United States. 

DMdends to K j). The trustccs c-hall have the right to declare divi- 

be declared. , ■- , , ,. .i • .• • 1 • i.-^ ;• 

den. is out ot the earnings ot said institution. 
■^Tien act to 8 10. This act sliail be a public act, and shall be in force 

t!1^6 effect ^ • 

and take effect from and alter its passage. 
Act, TTfcen TO'd. § H. This act shall be Void uidess said company shall 
organize and proceed to businees within two years after the 
paseage hereof. The said company shall be subject to the 
provisions of any general law, licreafter passed, ou the sub- 
ject of banking, trust or deposit companies. 
Approved March 13, 1860. 



In force Mareb AN ACT to incorporate \\.c Carlvle Bank. 

10, 18C9. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in, the General Assenibly, That Georgo 
ccrpcrato:?. Guudlacli, Jauies Wightuian, Frederick A. Leiize, Uulus 
JS. Eamsey, Anton Hubert, Harvey P. Jjuxton, Thomas S. 
Smith, Joiin McCabe, William A. J. Sparks, John C:a- 
baugh, Henry Lampen and Robert J. Truesdale, and such 
as may become stockholders in ilie corporation hereby crea- 



BANKS — INCORPORATED. 7 •) 

ted, and their successors and assigns, shall be and the}' are 
hereby made a body politic and corporate, under the name 
and style of "The Oarlyle Bank," with perpetual succession, Name and styie. 
and by that name may sue and be sued in all courts wlrit- 
Boever ; may have and use a common seal and chano'e the 
same at pleasure. The capital stock of said corporation 
shall be fifty thousand dollars, but may be increased from 
time to time by a vote of the stockholders representing a 
majority of tlie capital stock; and the shares'shall be one 
hundred dollars each, which shall be payable as may bo re- 
quired by the board of directors, and shall be deemed per- 
sonal property, and shall be transferable on the books of 
the corporation in such manner as its by-laws may pre- 
scribe. 

§ 2. The affiiirs of this corporation shall be managed ^ Election of di- 
by a board of directors at least live in number, who sliall ^^'^'°^^- 
be stockholders. The board of directors shall be elected 
annually, and the outgoing board shall give at least ten 
days' notice to all stockholders of such eleclion, in such 
manner as the by-laws may provide. All elections shall be 
by ballot, and every stockholder shall be entitled to one 
vote for each share of stock held by him, her or them, and 
votes may be cast in person or by proxy. No stockholder 
shall be entitled to vote who is in arrears to the corpora- 
tion, in the payment of the capital stock called for and" duo 
at the time of election. 

§ 3. This corporation shall have power to borrow ^^^y ^^^^°^_ 
money; to receive money on deposit and pay interest there- ccive aepositn. 
on; to loan money at any rate of interest not exceeding 
that allowed by law; to take real or personal property, as 
security for loans ; to purchase, acquire, hold, use, possess 
and enjoy all such real estate and personal property and 
choses in action as may be deemed by the directors projSer 
and necessary to carry on the business and accomplish the 
objects of the corporation, and for the promotion of its in- 
terests, and to sell, lease, convey and dispose of the same 
for like purposes and objects, and may make, ordain and 
enforce such bv-laws, rules and rerrulations as it ma}'' deem By-!Hw?,miea 
proper tor the regulation ot the aiian-s ot such corporation, 
not repugnant to the laws of the United States or this 
State: Provided, that no real estate which may become 
the property of this corporation, except such as may be 
reasonably neces6.ary for the transaction of its business, 
shall be held by said corporation for a longer period than 
may be reasonably necessary to enable said corporation to 
sell and dispose of the same to advantage ; and that any 
real estate sold under deed of trust or other conveyance, 
given as security to said corporation, may be redeemed by sericmption 
the debtor, his, her or their htirs or creditors, by the pay- und'?dsli°oi 
ment of the full amount of debt and C03t8,_ together wi'h ^^'"^^^ 
ten per cent, interest on the same, at any time within 
—10 



Minors 
married women 
may take stock. 



74 BANKS — INCORPORATED. 

twelve months of snoli sale: And, provided^ furtlier, that 
said corporation shall be subject to the yjruvisioas of any 
general law hereafter passed on the subject of banking, 
trust or deposit companies, 
jjjj^ § 4. Minors and married women shall have the right 
to deposit money with this corporation in their own names, 
and without their husband's or guardian's consent, receive 
certificates tlierefor, in their own names, and such deposits 
shall bo subject to the owners only. All certificates or 
evidences ot deposit, made by the proper officer, shall be 
as effectual to bind the corporation as if they v^'cre under 
the common seal thei;eof 

Open books § 5, The Corporators named in section one of this act, 
for subscriiition ,)j, ^^y three of them, shall open books for subscription 
of stock, at such time and place as they ma}^ appoint, giv- 
ing ten days' notice thereof at least, in some newspaper 
published in Carlyle, Clinton county, Illinois ; and when 
the amount of capital stock is subscribed and twenty- five 
per cent, thereof paid in, ten days' notice shall be given in 
such newspaper for the election of the first board of direc- 
tors, v;ho, when elected, shall elect one ot their number 
president, one vice-])re6ident and one secretary, and there- 
upon they shall become fully organized under this act. 

When act to | (j. This act shall take elfecc and be in force from and 
after its passage, shall be deemed a public act, and may 
be read in evidence vv^ithout proof; and shall be liberally 
construed for carrying out the purposes and objects of the 
corporation hereby created : J'^rovided,this company hereby 
incorporated, shall be sulyject to all future legislation, and 
said baTik shall be located at Carlyle, in Clinton county. 
ArpRovisD March K), 1869. 



take oftcct. 



In force M;irc'.i AN ACT to incorporate the Garrni Banking Corr.p iiiv. 

29, 1S60. ' n 1 . 

Section 1. Be it e7)acied hy the Feojde of the IState of 
Illinois, represented in the General Assenibly, Tiiat John 

Corporators. M. Crobs, Johu G. Powcll, William Shipley, Yearby Land, 
George Williams and James R. Webb, and all such per- 
sons as shall become stockholders in the corporation hereby 
created, and their successors, shall be a body politic and 

Name and style. Corporate, by the name and style of "The Carmi Banking 
Company," and shall have a common seal which ihey may 
alter or renew at pleasure; power to plead and be im- 
pleaded, and defend and be defended in all courts of law 
and equity ; to ha\ e and exercise powers incident to cor- 
porate bodies. Said corporation sliall be located in the town 
of Carmi, in the county of White, and state of Illinois. 



BANKS — INCOEPOEATED. "75 

§ 2. A majority of the corporators herein named may roSscrS^n 
proceed to open books for subscription to the stock of said 
corpoiaiiui), and shall, at the same time or thereafter, des- 
ignate a time and place for the iirst election of directors of 
said corporation, 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 corporation p\\all be ^/^j^*|"°*^j>^ °^ 
twenty-live thousand dollars, with power to increase the 
same to ojie liundred thousand dollars, and shall be divided 
into shares of one hundred dollars each, which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 

§ 4. Tiie said corporation shall have power to borrow j^^^g, ^^^'^J_ 
money and to receive money on deposit, and pay interest ceive'deposits. 
thereon, and to loan money either within or without this 
t-tate, at any rate of interest not excecdinjr that now or 
hereaiter allowed by law to private individuals, and to dis- 
count loans; and in computation of time, thirty days shall 
be deemed a month, and twelve months a year ; and to 
make such loans payable either within or without this state, 
and to take such securities therefor, real or personal, or 
both, as tlie directors or managers of said corporation shall 
deem sufficient, and may secure the payment of such loans, ^gfj^'Ql'^tru^t^ 
by deeds of trust, mortgages or other securities, either 
within or without this state ; may buy and sell negotiable 
paper and other securities, and may purchase and sell real 
estate, and shall have the power to convey the same in any 
mode prescribed by the by-laws of said corporation ; may 
accept and execute all such trusts, whether fiduciary or oth- 
erwise, as shall or may be committed to it by any person 
or persons, or by the order or direction of any court or "tri- 
bunal or other 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 de- 
posits "left for accumulation or safe keeping, as shall be 
agreed upon with depositors or parties interested, for the 
purpose of accumulating or inereasino; the same; may issue betters ' of 

\ , L- T 1 ii^ • ^ 1 T x- i 1 credit and other 

letters oi credit and other commercial obligations, not now- commeiciai oh- 
ever to circulate as money, and may secure the payment of -^^"*^°°^' 
any loans made to said corporation, in any way the direc- 
tors of said corporation niay prescribe. 

§ 5. Married women and minors may, in their own j^gQ^^^^dmiX's 
names, subscribe for stock and deposit money with said may take Etcck. 
cnrjjoration, and receive certilicates of stock and deposits 
in their own names, which stock and deposits shall be sub- 
ject to their disposal and order only. 

§ 6. The said corporation shall have power to purchase ^^^^jJ^jl^i'^'^^. 
atid hold suth real estate as may be necessary for the transac- tate. 
tion of a ho7ia fide banking business, and to take and hold 



76 



BANKS — INCOEPORATEI). 



any real estate as security for and in payment of loans 
and debts duo or to become due to the corporation ; and to 
purchase real and personal estate, at any sale, to enforce 
it^ securities or the payment of debts due, made by virtue 
of any process, morto;aore or deed of trust, and to IkjW, 
use, improve, lease or sell and convey the same. Said cor- 
V poration may make, alter or amend such by-laws, rules and 

regulations fur its management as are not inconsistent with 
the laws of this state or the United States : Provided, 
that any real estate sold under deed of trust or other con- 
Reaemption veyancf, held as security by said corporation, may be re- 
unde-'leeV^of ^^Gcmed by the debtor, his, her or their heirs or creditors, 
trust.' by the payment ol' the full amount of debt and costs, with 

ten per cent, interest on same, at any time within twelve 
months afier such sale: Aiid, provided, also^ that no real 
estate that may become the property of said" cor])oration, 
except such as may be reasonably necessary for the trans- 
action of a bona fide banking business, shall be held by 
said corporation for a longer period than may be reason- 
ably necessary to enable said corporation to sell and dis- 
pose of the same to advantage. 
^ r.oard of cii- § 7. The business of said corporation shall be conducted 
eis^tot^flve/^'^" by a board of not less than live directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. Each 
share of stock shall be entitled to one vote, and may be 
cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other ofHcers and 
agents may be appointed or employed as said corporation 
or its officers may see proper. 
Sock io be § 8, Before said corporation shall commence business, 
paid lufaii. |.j^^ stockholders shall pay the several am.onnts subscribed, 
in full, nnd no ii^crease of said capital stock shall be made 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock, and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation, at the time of the issue of such increased stock, 
stockholders § 9. Whenever default shall be made in the payment 
01 any debtor liability contracted by said corporation, the 
stockholders shall be held individually resjionsible for an 
amount equal to the amount of stock held by them re- 
spectively, and such liability shall continue until three 
months afrer an assignment of the stock and publication of 
a notice thereof, in a newspaper published at the said town 
of Carmi, in the countv of White and state of Illinois, 
be^vSuL "'^ ^^ § 1'-^- "^'^"s 'i^'t ^liiill ^e void, unless said corporation 
shall organize and proceed to l)jisinGSS within two years 
after the passage of this act. 



BA.NK8 —INCORPORATED. 77 

§ 11. No director of said coi-poration, shall be indebted ^^^{^^11^°^ 'cf 
to said corporation, ipither directlv or indirectly, at any director, 
time, to an amount greater than eeventy-iiye per centum of 
the amount of the capital stock held b}' such director, in 
his own name, in good faith, as his own. 

§ 12. This act shall be deemed to be a public act, and 
shall be in force from and afrer its pah^sao;e. 

Approved March 29, 1869. 



AN ACT to incorporate the Central Bank. In force March 

^ 31, 1S63 

Section 1. Ue it enacted hy the People of the titate of 
Illinois,, represented in the General Assemhly, That Benja- corpnr»r.«;s. 
min Lombard, Samuel A. Brings, Benjamin J. Svvcet, 
James M. Dake, and Josiah L. Lombard, and all such pei- 
sons as shall become stockholders in the corporation hereby 
created, and their successors, shall be a body politic and 
corporate, by the name and style of "Central Bank," and Name and style 
shall have a common seal, which tliey may alter or renew 
at pleasure; power to plead and be impleaded and defend 
and be defended; to have and exercise powers incident to 
corporate bodies. Said corporation shall be located in the 
city of Chicago in the county of Cook. 

§ 2. A majority of the corporators herein named may fo^^'^^corkltion 
proceed to open books for subscription ■ to the sf.ck tl 
said corporation, and shall at the same time, or there- 
after, designate a time and place for the first election of di- 
rectors of said company, by parties subscribing to the 
stock thereof; and each share of stock so subscribed for 
shall be entitled to one vote. 

S 3. The capital stock of said cornoration shall be one Ammmt of 

1 J J ii ^ 1 1 n -..I ' i. • i.1 capital stock. 

hundred thousand dollars, with power to increase the same 
to one million dollars, and shall be divided into shares cf 
one Inmdred dollars each — which shall be deemed personal 
property, subject to taxation ; and shall be transferable on 
the books of said corporation, in accordance with the rules 
thereof 

§ 4. The ssid corporation shnll have pov/er to borrow m^v borrow 
money, buy and sell bills of exchange and other coramer- Sive deposits, 
cial obligations, loan money and discount notes, in accor- 
dance with bank usage; receive money on deposit; and 
may also accept and execute all triifts which noiiy be com- 
mitted to it by order of any couit. Said corporation shall 
contine its business, exclusively, to a commercial and ex- 
change banking business. 

§ 5. The said corjcoration shall have power to purchase ^ff^^jg^iTs- 
and hold such real estate as may be necessary for the trans- tate. 
action of a lona fide banking business, and to take and 



78 BANKS — INCORPOJRATED. 

hold any real estate, as security for and in ])ayment of loans 
and debts duo or to become due to said corporation, and to 
purchase real and personal estate, at any sale, to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold or sell 
and convey tlie same. 
Board of di- g G. The busiiicss of Said corporation shall be couducted 

sist of'fiJe. *'""' by a board of not less than five directors, to be elected an- 
nually by the st< ckholders, who shaJl hold their offices un- 
til their successors are elected aud qualified. The directors 
sliall be stockholders, and residents of the said county. Each 
share of stock shall be entitled to one vote, and may be 
Biection of ^'^^^ "' pcrsou or by proxy. The board of directors shall 

officei-?. elect a president and cashier; aud such other ofiiccrs and 

agents may be apiiointed or employed as said corporation 
or its ofricers may see propor. 
storkhoiders ^ 7. Bsfore Said corpor:ition shall commence business, 

to pav in full. Ill .1 1 ■'^ 1 ' 1 1 1 -1 •11- 1 

the whole capital stock shall have been subscribed lor and 
the stockholders shall have paid the several amounts sub- 
scribed in full ; and no increase vi said capital stock shall 
bo made, at any time, unless the amount thereof shall be 
]Kiid into said corporation at the time of the issue of such 
stock ; aud the whole capital stock, including such increase, 
shall not exceed in amount the actual valueof the property 
vl' said corporation at the time of the issue of such in- 
creased stock. Said corporation may make rules, regula- 
tions and by-laws, not inconsistent with tlie laws of this 
state or the United States. 

stockhoider<= °^ ^ ^' Whenever default shall be made in the payment 
of any debt or liability, contracted by said corporation, the 
stockholders shall be held individually responsible for au 
amount equal to the amount of stock held by them, re- 
spectively ; and such liability shall continue until three 
months after an assignment of the stock, and publication 
of a notice thereof in a newspaper published at the said 
city of Chicago. 
Not cousid- g \J. JSIothing in this act shall be construed so as to in- 

l]\A.°' ^*^^""® vest said corporation with power to do the business of a sa- 
vings bank; and said corporation hereby created is ex- 
pressly {.rohibited from in any way announcing or adver- 
tising itself as a savings bank, or as receiving savings 
deposits, and from paying interest on deposits, under pen- 
alty oi' forfeiting its charter. 
wheuth|act ^ K), This act shall be void uulcss Said corporation shall 

^^^ ^^° ■ organize and proceed to business within two 3'ear8 after the 
passage of this act. 
Limit of in- ^ 11. ]N^o director of said corporation shall be indebted 

stockhoweis. "^ to said Corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director, in 
in his own name, in good faith, as his own. 



BANKS — INCORPORATED. 79 

§ 12. This act shall be deemed a public act, and Bhall Repemction 
be in force [and effect] from and after its passage. It is unde?^'^deecrlff 
hereby expressly provided that any real estate, sold under *™'^'- 
deed of trust or other conveyance, held as securit}' by said 
corporation, may be redeemed by the debtor, his, her or 
their heirs or creditors, by the payment of the full amount 
of debt and costs, with ten per cent, interest on the same, 
at anytime within twelve months after such sale. And it 
is also provided that no real estate, that shall become the 
property of the corporation hereby created, except such as 
, shall be reasouablj^ necessary for the transaction of its busi- 
ness, shall be held by said corporation for a longer period 
than may be reasonably necessary for said corporation to 
sell and dispoce of tlie srane to advantage. 

Appkoved March 31, 1S69. 



AN ACT to incorporate the Central Banking Company. In force March 

^ o i- . 29,1869. 

Section 1. Be it enacted by the People of the titate of 
Illinois, represented in the General Assemblij^ That Ben- corporators. 
jamin Lombard, Samuel A. Briggs, Benjamin J. Sweet, 
Joseph M. Drake, Josiah L. Lombard, 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 of "The Central Banking Name aud style. 
Company," and shall have a common seal, which they may 
alter or renew at pleasure ; power to plead aud be im- 
pleaded, and defend and be defended, in all courts of Jaw 
and equity ; to have and exercise power incident to corpo"- 
rate bodies. Said corporation shall be located in the city 
of Chicago, in the county of Cook, and state of Illinois. 

S 2. A maiority of the coiporators herein named mav ^ ^pea hooks 

<J , ■' 1 1 .• 1 • • 1 1 ,• -"i for siibscnption 

proceed to open books tor 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 
the said company, by parties subscribing to the stock there- 
of; and each share of stock so subscribed for shall be enti- 
tled to one vote. 

§ 3. The capital stock of said company shall be one Aniount of 
hundred thousand dollars, with pov/er to iujcrease the same ^'^^"^'' ^'°*^ 
to two hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each ; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation, in accord- 
ance with the rules thereof. 

S 4, The said corporation shall have power to borr(nv ^lay borrow 

I ' 1 II 1 -n J? 1 1 4.1 money and re- 

money, buy and sell bdls of exchange and other commor- ceive deposits. 



80 



13ANKS — INCORPORATED. 



citil oblii^ations, loan money and discount notes, in accord- 
ance with bank nsage ; receive money on depoeit ; and 
may also accept and execute all trusts which may be com- 
mitted to it by order of any court. Said corporation shall 
confine its business, exclusively, to a cumuiercial and ex- 
change banking business. 
May hold and § ^- The Said corporation shall have power to purchase 
couvey real cs- .^^d liold sucli real cstatc as may be necessary lor the 
transaction ot" a bona fide banking business, and to take 
and hold any real estate as secnrity for and in payment of 
K^ans and debts due or to become due to the corporation, 
and to purchase real and personal estate, at any sale, to 
enforce its securities or the payment of debts due, made by 
virtue of any process, mortgage or deed of trust, and to 
of'^ro^^-t-eoid ^'"^^'^ ^^ ^^^^ ^"^^ convey the same: Frovided^ that any real 
H'.^er^dtecf^of estate, sold under deed of trust or other conveyance, held 
"°^'" as security by said corporation, may be redeemed b}' the 

debtor, his, her or their heirs or creditors, by the payment 
of the full amonnt of debt and cost, witli ten j^er cent, inter- 
est on sanjo, at any time within twelve months after such 
sale : And, provided, also, that no real estate that may 
become the property of said corporation, except such as 
may be reasonably necessary for the transaction of a bona 
fi'Ie banking business, shall be held b^- said corporation for 
a longer period than may be reasonably necessary -to ena- 
ble said corporation to sell and dispose of the same to ad- 
vantage. 

§ G. The business of said corporation shall be con- 
ducted by a board of not leas than live directors, t© be 
elected annually, by the stockholders, who shall hold their 
ofliees nntil their successors are elected and qualified. The 
'lirectors shall be stockholders, and residents of the 
said county. Each share of stock shall be entitled to 
one vote, and may be cast in person or by proxy. The 
board ot directors shall elect a president and cashier; and 
such other officers and agents may be appointed or em- 
ployed as said coi-i)oration or its ofiicersmay see ])roj)er. 

§ 7. Before said corporation shall commence bu^-iness, 
the stockhf)iders shall pay tiie several amounts subscribed 
in full, and no increase of said capital stock shall be made, 
at any time, nidess the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual vitlue of the property of said 
corp.oration at the time of the issue of such increased stock. 
Said corporation may make such rules, regulations and by- 
laws for its management as are not inconsistent with the 
laws of this state or the United States. 
L'abUity of § 8. "Whcuevor default shall be made in the payment 
stockholders, ^^j- ^^^^ ^|g|^j. ^^ liability, contracted by said corporation, the 
stockholders shall be held individually responsible for an 



Board of di' 
rocroi? to coU' 
eist of fire. 



Stockholders 
to pay in full. 



savlnsB bank. 



BA.NKS — mCOKPOKATED. 81 

amount equal to the amount of stock held by them, respec- 
tivel}^; and such liabilities shall continue until six months 
after an assignment of ihe stock, and publication of a no- 
tice thereof in a newspaper published at the said city of 
Chicago, in the county of Cook, and state of Illinois. 

§ 9. Nothing in this act shall be construed as to invest Not to be 
said corporation with power to do the business of a savings 
bank ; and the said corporation hereby created is expressly 
prohibited from in any way announcing or advertising itself 
as a savings bank, or as receiving savings deposits, and 
from paying interest on deposits, underpenalty of forfeiting 
its charter. 

§ 10. This act shall be void unless said corporation shall when act to 
organize and proceed to business within two years after the ^^^ '°^'^' 
passage of this act. 

§ 11. No director of said corporation shall be indebted ^^indebtedaoEs 
to said corporation, either directly or indirectly, at any " 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director, in his 
own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall 
be in force from and after its passage. 
" ' "' 1869. 



of director. 



AN ACT to incorporate the Central Bank of Cliicaj'o. In force March 

2T, 18ti9. 

Section 1. J^e it enacted ly ihe Feojjle of the State of 
Illinois^ represented in the General Asumljly^ That John B. corporators. 
Eice, John F. Tracy, David Kreigh, Joseph S. Sharp, 
Frederick H. Winston, Horace A. Hurl'bat. John B. Drake, 
W. M. Egan, Henry M. Smith, Joel D.' Harvey, E. G. 
Wolcott, Silas M. Moore, H. M. Wilmartb, Philip Wads- 
worth, Charles Fargo, and all such persons as shall become 
stockholders in the corporation hereby created, and their 
successors, shall be a body politic aud corporate, by the 
name and style of "The" Central Bank of Chicago," and Name snd style, 
shall have a common seal, which they may alter or renew 
at pleasure ; power to plead and be impleaded, defend and 
be defended, in all -courts of law and equity, and have and 
exercise powers incident to corporate bodies'. Said corpora- 
tion shall be located in the city of Chicago, in the county of 
Cook, and state of Illinois. 

§ 2. A majority of the corporators herein named may to open books 
proceed to open books of subscription to the stock of said f^^-'i'^scription. 
company, and shall at the same time, or thereafter, desig- 
nate a time and place for the first election of directors of 
—11 



82 BANKS — INCOEPOKATED. 

said company, by parties subscribing to the Btock thereof; 
and eacli share of stock so subscribed shall be entitled to 
one vote. 
Capital stock § 3. Tho Capital stock of said company shall be one 

to be subscribed ..i- in -ii . • j.i . ^ 

million dollar!?, with power to increase the same to two 
millions cf dollars, and shall bo divided into shares of one 
hundred dollars, each ; which shall be deemed personal 
property, subject to taxation, and shall be transferable on 
the books of the corporation in accordance with the rules 
thereof. 
Mny borrow ;r'§ 4. The Said Corporation shall liavc powcr to boiTOwmo- 

ceh"e depo'?its.^" ncy, buy and sell bills of exchange and other commercial obli- 
gations, loan money and discount notes, in accordance with 
bank usage; receive inoney and valuables on deposit; and 
may also accept and execute all trusts wliich may be com- 
mitted to it by any person or by the order of any court. 
Said corporation shall confine its business, exclusively, tea 
commercial and exchange banking business. 
Purcbase,hoid § 5. The Said Corporation shall have power to purchase 

estate!"^^^' ^^^^ ^od hold such real estate as may be necessary for the trans- 
action of a bona fide banking business, and to take and hold 
any real estate, as security for and in payrhent of loans 
and debts, due or to become due to the corporation, and to 
purchase real and personal estate, at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold or sell 
Property sold aud cuuvey the same: Provided, that any real estate, sold 

nuder deed of -, -, •^, ,. ^ ^ ^, ' "^ i , i ' -^ 

trust may be uncler deed 01 trust or other conveyance held as security 
redeemed. ^^, ^,^^^ Corporation, may be redeemed by the debtor, his, 
her or their heirs or creditors, by the payment of the full 
amount of debt and costs, with ten per cent, interest on 
same, at any time within twelve months after such sale : 
And^ ffovided^ cdso, that no real estate that may become 
the property of said corporation, except such as may be 
reasonably necessary for the transaction of a bona fide 
banking business, shall be held by said corporation for a 
longer period than may be reasonably necessary to enable 
said corporation to sell and dispose of the same to advan- 
tage. 
Boardofdirec § 6. The business of Said Corporation sliall be couducted 
t^oratocoDeutof i^y a board of not less than five directors, to be elected an- 
nually by the stockholders; who sball hold their oflices 
until their successors are elected and qualified. The direc- 
tors sliall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in ]ierson or by proxy. The board of directors shall 
elect a president and" cashier; and such other officers and 
agents may be appointed or eni})loyed as said corporation or 
its officers may see proper. 
^^ '"^^ockhoiders §7. Before said corporation shall commence busines?, 
paj in u . ^^^ stockholders shall pay the several amounts subscribed 



BANKS — INCORPOEATED. g3 

in fall ; and no increase of said capital stock shall be made 
at any time unless the amount thereof shall bo paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital sto^k, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 
Said corporation may make, alter or amend such by- 
laws, rules and regulations for its management as are not 
inconsistent with the laws of this state, or of the United 
States. 

§ 8. Whenever default shall be made in the payment of . stockhoideia 
any debt or liability contracted by said corporation, the spoMibie.'^ '^*' 
stockholders shall be hold individually responsible for an 
amount equal to the amount of stock held by them, re- 
spectively ; and such liability shall continue until six 
months after an assignment of the stock and publication 
of a notice thereof in a newspaper published at the said 
city of Chicago, in the county of Cook, and state of Illi- 
nois. 

§ 9. JSTothing in this act shall be construed so as to in- Not to be a 
vest said corporation with power to do the business of a ^^""ssbaDk. 
savings bank ; and the said corporation hereby created is 
expressly prohibited from in any way announcing or adver- 
tising ii self as a savings bank, or as receiving savings de- 
posits or paying interest thereon, under penalty of forfeit- 
ing its charter. 

§ 10. This act shall be void unless said corporation Act, whenvoki. 
shall organize and proceed to business within two years 
after the passage of this act. 

S 11. No director of said corporation shall be indebted ^ Limit of direc- 

. •! .• -1 T^ii • T ,1 <_ tor* indected- 

to said corporation, either directly or indirectly, at any ness. 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director, in 
his own name, in good faith, as his own. 

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

Appkovbd March 27, 1869. 



AN" ACT to incorporate the Central Illinois Banking Association. 



In force March 



Section 1. Be it enaoted by the Feople of the State of 
Illinois, represented in the General Assemlly, That Wil- corporators. 
liam Brown, Henry C. Wiswail, Francis E. Dayton, Lloyd 
W. Brown, Isaiah Strawn, Joseph Capps, Archibald C. 
Wadsworth, Elizur Wolcott, and Abraham C. Woods, and 
their associates and successors, and all such persons as shall 



84 



BANKS — INCOEPOEATED. 



Object. 



Nine directors. 



Amount of cap- 
ital stock. 



become stockholders in the corporation hereby created, 
shall be a body politic and, corporate, by the name and style 
Name and style, of "Central Illinois Banking Association;" and shall have 
succession, a common seal, with povver to plead and be im- 
pleaded, to sue and may be sued, to appoint all necessary 
assistants, and may have, enjoy and exercise all the powers 
necessary to carry out and execute all the purposes and in- 
tents of a savings, loan and trust corporation. 

§ 2. The general business and object of this corporation 
shall be to receive on deposit or in trust such sum or sums 
of money as may, from rime to time, be offered therefor by 
tradesmen, merchants, clerks, laborers, servants, and oth- 
ers, to be repaid to such depositors, when required, at such 
times, with such interest, and under such regulations as the 
board of directors may from time to time prescribe; which 
regulations shall be posted up in some conspicuous place in 
the rooms where the business of said corporation shall be 
transacted. 

§ 3, The business of the corporation shall be managed 
by nine directors ; and the persons named in section 1 shall 
be the first directors thereof, and shall so continue until the 
first Monday in January, 1870, when their successors shall 
be chosen, as hereinafter provided. 

§ 4. The capital stock of said corporation shall be one 
hundred thousand dollars, divided into shares of one hun- 
dred dollars each, payable in such installments as the direc- 
tors may from time to time elect, under such penalties as 
they may in their discretion adopt; and the directors are 
hereby appointed and authorized to superintend tiie sub- 
scription to the capital stock of the corporation ; and it will 
be competent for said directors to commence the business 
of the corporation when the full amount of stock shall have 
been subscribed and at least twenty-five percent, of it paid 
into the treasury, 

§ 5. This corporation may loan money, at any rate of 
interest not exceeding ten per cent, per annum, and may 
discount in accordance with bank usage, taking such se- 
curity therefor, either real or personal, as the directors may 
deem sufiicient. Said corporation shall have power to bor- 
row money, buy and sell exchange, bullion, bank notes, 
government stocks, and other securities ; but nothing in 
this act contained shall confer on said corporation the priv- 
ilege of issuing notes similar to bank notes, for the purpose 
of a circulating medium. 

§ G. It shall be lawful for this corporation to purchase 
and hold such real estate as may be convenient fur the 
transaction of its business, and to take and hold any real 
estate, in trust or otherwise, as security for or in payment 
of any debt or debts due or to become due to the said cor- 
poration ; to purchase real estate at any sale made in virtue 
of any loan, debt or mortgage, made or held by said cor- 



May borrow 
and lo.ia money 
and sell bills of 
exchiinire. 



May hold and 
convey real es 
tate. 



BANKS — INCORPORATED. 85 

poration, and to receive and take, ia whole or part eatisfac- 
tion of any such loan or debt, any real estate, and to hold 
and convey the same. 'No real estate, except such as may Real estate may 
be necessary for the transaction of its business, shall be ^® '^«'^^®°^^^- 
held by said corporation for a longer period than may be 
reasonably necessary for said corporation to sell and die- 
pose of the same to advantage : Provided, that any real 
estate sold under deed of trust, or other conveyance, held 
as security by said corporation, may be redeemed by the 
debtor, his, her or their heirs, as creditors, by payment of 
the full amount of debt and costs, with ten per cent, inter- 
est on same, at any time within twelve months after such 
sale. 

§ 7. The stockholders of this corporation shall meet on Election of offl- 
the first Monday in January, 1870, and annually there- '^^^^' 
after, and elect by ballot from their number nine directors, 
to serve for the term of one year or until their successors 
are chosen. Each stockholder shall be entitled to one vote votoofstock- 
for every share of stock standing in his or her name on the ^°^^^^'^- 
books of the corporation, and they may vote in person or 
by proxy. The name of each stockholder so voting shall 
be indorsed on the ballot ; and a plurality of votes shall 
elect. The directors shall elect, annually, from their num- 
ber, a president, vice-president and secretary. The cashier cashie-.-. 
may be selected from the stockholders, by the directors. 
The directors shall make and execute such by-laws as may Tomakfruie^ 
be convenient and necessary for the proper prosecution of and regaiatioas. 
the business of this corporation, not inconsistent with this 
act or with the laws of this state or the United States. 

§ 8. At any time after the full ])aym6nt of the original increase of 
stock of one hundred thousand dollars, as hereinbefore pro- *^*p^*"^ '''*°'= 
vided, the directors may, upon written petition of stock- 
holders owning two-thirds of the capital stock, increase the 
capital stock of said corporation to any amount, not exceed- 
ing hve hundred thousand dollars, in shares of one hun- 
dred dollars each; and said increased stock shall be subject 
to all the liabilities, immunities and privileges of the orig- 
inal stock. Stockholders shall have the option of subscrib- 
ing to such additional, pro rata, within such time as the 
directors may limit. 

§ 9. When any deposit is made to said corporation by a DepoBitsofmi- 
mmor, or by a female, being or hereafrer becoming a mar- ^„°5^ °,! ,™:^''^j?'^ 

. , ' ''. .." t>. , -.^ . women, now uis- 

ried woman, the eaici corporation may pay such depositors posed of. 
any sums of money due to them, and their receipt or ac- 
quittance shall be a legal discharge to said corporation 
therefor. 

§ 10. The stock of this corporation shall be deemed stock deemed 
personal property, transferable^ only on the books of the ^erty"''^ ^'°' 
corporation ; and no transfer shall be valid while he is in- 
debted to the corporation. 



86 BA.NKS — INCOEPORATED. 

Doratisn of § 11. This Corporation shall exist for the terra of fit't-y 
corporation. ^^^^^,^^ ^^^^ Bucceediug the tirst of May, A. D. 1867, and 
shall be entitled to use all its corporate powers, rights and 
privileges for the period of three years thereafter, for the 
Individual li- purposc of closiug Up its affairs. The stockholders herein 
hoidera*!'^ ^^°^^" ^^^^^ ^0 responsible, in their individual property, in double 
the amount of their stock, to make good all losses to depos- 
itors or others; and no assignment of their stock shall re- 
■^ lease them from said liability until after the fact of such 

assignment and the 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 the corpora- 
tion is doiug business and located, for the period of three 
months. This act shall be void unless such company shall 
organize and proceed to business within two years after the 
passage hereof. The said company shall be subject to the 
provisions of any general law hereafter passed on the sub- 
ject of banking, trustor deposit companies. 
Books to be § 12. That the directors shall, within thirty days from 
tomtne!^'^^^^' and after the passage of this act^ open a subscription to the 
capital stock of tha corporation, at the banking house of the 
Central Illinois Banking Aesoeiation, now doing business 
at Jacksonville, IvLorgan county, Illinoia, upon a paid up 
capital of one hundred thousand dollars, divided into shares 
of one hundred dollars each, and each share entitling the 
en'"'to'^^8nbfcii- *^''vner thereof to one vote ; and that, for thirty days from and 
bers of stock, jifj-g,. g^id subscription shall be so opened, the several stock- 
holders owning a share or shares of the capital stock of 
said association, shall be severally entitled, in preierence to 
others, to subscribe to the capital stock of the corporation 
hereby created, the same number of shares, whether one 
or more, of one hundred dollars each, as they may sever- 
ally own and hold of the capital stock of said association, 
as shown by the books thereof; and that if within said 
thirty days subscriptions shall not bo made to all the capital 
stock of this corporation by the stockholders of said asso- 
ciation, as herein provided, then so much of the same as 
shall not be so subscribed may be subscribed by any other 
stockholder or stockholders of said association, within ten 
days from and after the expiration of said thirty days; and 
that from and after the expiration of said ten days, if not 
subscribed as herein provided, subscriptions may be made 
therefor to the capital stock by any other person or per- 
sons. 
Vote to accept § 13, That if withiu thirty days from and after the open- 
ing of subscription, as provided in section 12, the stockliold- 
ers of said association shall, at a meeting of stockholders, 
called for such purposes, by a vote of two-thirds of the shares 
of its capital stock, accept this charter, for and in behalf of 
said association, and by like vote shall order a general as- 
signment of its properties, real, personal and mixed, and 



charter 



be entered of i 
cord. 



BANKS — INCORPORATED. 

of all the assets, of any and every nature whatsoever, to 
the corporation hereby created, that therenpon, or at any 
time within ten days thereafter, the directors of said asyo- 
ciation shall cause the proceedings of said stockholders' proceedip<?s to 
meeting to be entered upon their records, and proceed to take ' ' 
the vote of the board of directors upon the question of the 
acceptance of this charter, for and in behalf of the associ- 
ation; and if such vote shall be for such acceptance, then 
the vote shall be recorded in the record book of the actings 
and doings of said directors; and thereupon the corpora- 
tion hereby created shall succeed to and be invested with 
and entitled to, legally and equitably, all the properties of 
said association and of Henry C. Wis wall, Archibald G. 
Wadsworth, and Francis E. Dayton, or either of them, the 
trustees thereof, in its behalf, real, personal and mixed, in- 
cluding all choses in action, money, gold and silver, ar^d 
other coins, bullion, bonds, bills, promissory notes, na- 
tional and other securities, stocks, policies of insurance, and 
all and every species of property, and all claims and de- 
mands and interests, of any nature whatsoever; and shall Responsible to 
be responsible for any and every liability of said associa- creator's? '''^^' 
tion, and of the trustees thereof, in its behalf, to depositors 
and creditors, and to any other person or persons whomso- 
ever, and commence bnsiness. And the directors of said 
association, and the trustees thereof, or either of them, upon 
acceptance, as aforesaid, of this charter, may and shall sev- 
erally do all acts, and make, execute and deliver to the cor- 
poration hereby created, such deeds, transfers and assign- 
ments, and other instruments in writing, under seal or 
otherwise, as may be proper in the premises; and may and •J'." pi-operty 
shall deliver over to this corporation all the properties, tocorporatioL^' 
effects and assets and choses in action, of any nature and 
kind whatsoever, of said association, and of the trustees 
thereof, or of either of them, in its behalf. 

§ 14. This act shall be deemed a public act, of whicii all 
courts and magistrates shall officially take notice, and shall 
take effect on and after its parsage. 

Approved March 8, 1869. 



AN ACT to incorporate the Centralia Banking Institutioc. in force March 

21, 1S69. 

Section 1. Be it enacted by the People of the State of 
JlU?wis, represented in the General Assembly, That Amos corporators 
Clark, David H. McOord, William W. O'Melveny, John 
Zick, John C. Bohn, Phineas Pease, James Parkinson, 
Abraham Mitchell, and all such persons as shall become 



88 BANKS INCOKPOEATED. 

Stockholders in the corporation hereby created, and their 
siu'cessors, shall be a body politic and corporate, by the 
Name and style, nan^.o uud Style of " The Centralia Banking Institution;" 
and shall have a common seal, which they may alter or 
renew at pleasure ; power to plead and be impleaded, and 
defend and be del'ended, in all courts of law and equity ; 
to have and exercise powers incident to corporate bodies. 
Said corporation shall be located in the city of Centralia, 
county of Marion, and state of Illinois. 

Open books § i^. A majority of the corporators herein named may 
uon ^"^^"'^" 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 corporation, by parties subscribing to the stock thereof; 
and each share of stock so subscribed for shall be entitled 
to one vote. 

Amount of § 3. The Capital stock of Said coFporatiou shall bc thirty 
capital stock, thousaud dollars, with power to increase the same to one 
huiidred thousand dollars, and shall be divided into shares 
of one hundred dollars each; which shares shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the books of the corporation, in accordance with 
the rules thereof. 

May borrow § 4. The Said Corporation shall have power to borrow 
ceiveLpo^itr' money, and to receive money on deposit, and pay interest 
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 tliirty days shall 
be deemed a month and twelve months a 3'ear — and to 
make such loans payable either within or without this 
state ; and to take such securities therefor, real or personal, 
or both, as the directors or managers of said corporation 
May loan on shall deem sutiicient; and may secure the payment of such 
deeds of trust, j^^^g |^y dceds of trust, mortgages or other securities, 
either within or without this state ; may buy and sell ne- 
gotiable paper and other securities; may purchase and sell 
real estate, and shall have the power to convey the same, 
in any mode prescribed by the by-laws of said corporation ; 
may accept and execute all such trusts, whether fiduciary 
or otherwise, as shall or may be coumiitted to its [care] 
by any person or persons, or by the order or direction of 
any court or tribunal or other legally constituted authority 
of the state of Illinois or the United States or elsewhere; 
may make such special regulations in reference to trust 
funds or deposits, left lor accumulation or safe keeping, as 
shall be agreed upon v/ith depositors or ])artie8 interested, 
for the purpose of accumulating or iucreasino- the same ; 
Letters of may issiie letters of credit and other commercial obliga- 
"^'"" tions, not, however, to circulate as money; and may secure 



BANKS — INCOEPORATED. 89 



the payment of any loans made to eaid corporation in any 
way the directors of said cor])orariou may prescribe. 

g 5. Married women and minors may, in their own sramedwo- ' 
name, subscribe for stock and deposit money with eaid cor- Say uke^Btock! 
poration and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be sub- 
ject to. their disposal and order only. 

§ 6. The said corporation shall have power to purchase Mayhoid and 
and hold such real estate as may be necessary for the trans- tate!^^ ^^^ 
action of a ho?m fide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation, and to 
purchase real and ])ersonal estate at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpora- To make by- 
tion may make, alter and amend such by-laws, rules and latlonsf^ ^^^"* 
regulations for its management as are not inconsistent with 
the laws of this state or the United States : Provided^ tliat 
any real estate, sold under deed of trust or other convey- 
ance iield as security by said corporation, may be redeemed of^ropertysoM 
by rhe debtor, his, her or their heirs or creditors, by the ^^er deed of 
payment of the full amount of debt and costs, uith ten per 
cent, interest on same, at any time within twelve months 
after such sale : And, irrovided, cdso, that no real *^state 
that may become the property of said corporation, except 
such as may be reasonably necessary for the transaction of 
its business, shall be held by said corporation for a longer 
period than may be reasonably necessarjf to enable said 
corporation to cell and dispose of the same to advantage. 

§ 7. The business of said corporation shall be conducted Fh-e directors. 
by a board of not less than live directors, to be elected an-- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation or 
its officers niay see proper. 

§ 8. Before said corporation shall commence business, stockholders 
the stockholders shall pay the several amounts subscribed *°p'*^'" ^'^^• 
in full ; and no increase of said capitid stock shall be made 
at any time, unless the amount thereof shall be paid into 
said corporaHon at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of sach increased 
stock. 

§ 9. Whenever default shall be made in the payment individual 
of any debt or liability contracted by said corporation, the hoidL"J "^^^"'^^ 
—12 



90 BANK-i — INCORPOEATED. 

Stockholders shall be held individually' responsible for an 
amount equal to the amount of stock held by them, respec- 
tively ; and such liability shall continue until three months 
after an assignment of the stock and publication of a notice 
thereof in a newspaper published at the said city of Cen- 
tralia, in the county of Marion, and. state of Illinois. 

Act, when void. § 10. This act shall be void unless said corporation shall 
organize and proceed to business within two years after the 
passage of this act. 
Limit of iu- | H. jSTo director of said corporation shall be indebted 

stockholder. ° to Said Corporation, either directly or indirectly, at any time, 
to an amount greater than seventy-tive per centum of the 
amount of the capital stock held by such director, in good 
laith, as his own. 

§ 12. This act shall bo deemed a public act, and shall 
be in force from and after its passage. 
Appsoved March 27, 1869. 



In force April AN ACT to incorporate the Chester Bankinc: Company. 

1, 1869. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly, That H. C. 

Corporators, Colc, J. B. Holiues, Jas. H. Watt, John R. Shannon, Eobt. 
I. Harmer, J. P. Johnson, August Thillips, Hugh B. Nes- 
bitt, Adolph Block, John T. McBridge, Harvey Nevill, jr., 
Jas. P. Craig, and all such persons as shall become stock- 
holders in the corporation hereby created, and their succes- 
sors, shall be a body pohtic and corporate, by the name and 

Name an a style, style of " The ;" and shall have 

a common seal, which they ma}"- alter or renew at pleasure; 
power to plead and be impleaded, and defend and be de- 
fended, in all courts of law and equity ; to have and exer- 
cise powers incident to corporate bodies. Said corporation 
shall be located in the town of Chester, in the county of 
Randolph, and state of Illinois. 

Open bocks for § 2. A majority of the corporators herein named may 

su scrip ion. pj.QQeg,-! j-q open books for subscription to the stock of said 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for llie tirst election of directors of 
said corporation, by j^arties subscribing to the stock there- 
of; and each share of stock so subscribed for shall be enti- 
tled to one vote. 

capiua"^tock °^ § ^' ^^'^^ capital stock of said corporation shall be 
fifty thousand dollars, with power to increase the same to 
one hundred and fifty thousand dollars, and shall be divided 
into shares of one hundred dollars each ; which shares shall 



BANKS — INCORPORATED. 91 

be deemed personal property, subject to taxation, and shall 
be transferable on the books of the corporation in accord- 
ance with the rules thereof. 

§ 4. The said corporation shall have power to borrow mo- May borrow 
ney, and receive money on deposit, and pay interest there- '^^iiey and re- 

1 i. 1 -i-u -L-, ■ •ii X ii • i. i. i_ *^^"'® deposits. 

on, and to loan money, either witiiin or without this state, at 
any rate of interest not exceeding that now or hereafi er al- 
lowed by law to private individuals ; and to discount loans — 
and in computation of time thirty days shall be deemed a 
month and twelve months a year — and to make such loans 
payable either within or without this state, and to take 
such securities therefor, real or personal or both, as the di- 
rectors or managers of said corporation shall deem suffi- 
cient ; and may secure the payment of such loans by deeds May loan 
of trust, mortgages or other securities, either within or ™f°t°^^^t^" ^^^^^ 
without this state ; may buy and sell negotiable paper and 
other securities ; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation ; may accept 
and execute all such trusts, whether fiduciary or otherwise, 
as shall or may be committed to it by any person or per- 
sons or by the order or direction of any court or tribunal 
or other legally constituted authority of the state of Illi- 
nois or of the LTnited 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 depositors or parties interested, for the purpose of ac- 
cumulating or increasing the same; may issue letters of May issue let- 
credit and other commercial obligations, not however to ami o^ther"om- 
circulate as money ; and may secure the payment of any ^^If^^ obiiga- 
loansmade tosaidcorponVcioninanyway the directors of eaid 
corporation may prescribe : Provided^ that any real estate 
sold under deed of trust or other conveyance, held as security 
by said corporation, may be redeemed by the debtor, his, 
her or their heirs or creditors, by the payment of the full 
amount of debt and costs, with ten per cent, interest on 
same, at any time within twelve months after such sale. 

§ 5. Married women and minors may in their own Manied women 
name subscribe for stock and deposit money with said cor- fake^toc™™"^ 
poration, and receive certificates of stock and deposits in 
their own names, which stock and deposits shall be subject 
to their disposal and order only. 

S 6. The said corporation shall have power to purchase May pnrctaBe 

1111 1 1 i - *■ ,1 . f . real and persoa- 

and hold such real estate as may be necessary for the trans- ai estate. 
action of a lona fide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation, and to 
purchase real and personal estate, at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to "hold, use, 
improve, lease or sell and convey the same. Said corpo- 



92 BANKS — INCOEPOKATED. 

May make, ration luav make, alter ami amend sucli bv-laws. rules and 

fll'er and amend ^ .• " i- -i , , '• • , , •.^ 

by-laws. regulations tor its management as are not inconsistent witn 

the laws of this state or of the United States : Provided^ 
that no real estate that may become the property of said 
corporation, except such as may be reasonably necessary 
tor the transaction of its business, shall be held by said cor- 
jioration for a longer period tlian may be reasonably neces- 
sary for said corporation to sell aud dispose of the same to 
advantage. 

Five directors. § '^ ■ The business of Said corporation shall be Conducted 
by a board of not lesr, tlmn live directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The direc- 
toi'8 shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled [to] one vote, and may 
be cast in person or by proxy. The board of directors shall 
elect a president aud cashier; and such other oliicers aud 
agents may be appointed or employed as said corporation 
or the officers may see proper, 

stockholders to § 8- Before said corporation shall commence business the 

pay up iu lull, stockholders sJiall pay the several amounts su!;>scribed in full ; 
and no increase of said capital stock shall be made at any 
time unless the amount thereof shall be paid into said cor- 
poration at the time of the issue of such stock ; and the 
whole capital stock, including such increase, shall not ex- 
ceed in amount the actual v^alue of the property of said 
corporation at the time of the issue of such increased 
stock, 
stockholders § 9. Whenever default shall be made in the payment 

responsi le. ^^ ^^^^ ^^^^j. ^^ ij-ii^jiitj contracted by said corporation the 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, respec- 
tively ; and such Jiability shall continue until three months 
after an assignment of the stock, and publication of a notice 
thereof in a newspaper published at the said town of Ches- 
ter, county of Kandolph, and state of Illinois. 
When this act § ^^' ^^lis act shall be void unless said corporation 

ehauhevoid. shall Organize and proceed to business within two years 
after the passage of this act, 
stockholders' ^ ^^- ^^ director of said corporation shall be indebted 

indebtedness, lo cr^:,;| corporation, either directly or indirectly, at any time, 
to an amount greater than seventy-five per centum of the 
amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall be 
in force from and after its passage. 
Approved April 1, 1SG9. 



BANKS — IITCOEFOEATED. 93 



AX ACT to incorporate the Chicago Eanking Company. in force March 

29, 1869. 

Sectiox 1. Be it enacted hy the People of the Slate cf 
Illinois^ represented in the General Assembly, That, Eben corporators. 
F. Runyon, Andrew Nelson and Charles D. Peacock, and 
all Euch persons as shall become stockholders in the corpo- 
ration hereby created, and their successors, shall be a bod)- 
politic and corporate, by the name and style of "The Chi- Name and style, 
cago Banking Company," and shall have a common seal, 
which they may alter or renew at pleasure, power to picad 
and be impleaded, det'end and be defended, in all courts of 
law and equity, and to have and exercise powers incident 
to corporate bodies. Said corporation shall be located at 
the city of Chicago, ir' (lie county of Cook. 

§ 2. A majoriry of the corporators herein named may Subscription 
proceed to open books for subscriptions to the stock of Baid capUafstTck.'" 
corporation, 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 cajiital stuck 
thereof; and each share of stock, so subscribed for, shall be 
entitled to one vote. 

§ 3. The capital stock of said corporation shall be one capital stoek. 
hundred thousand dollars, with power to increase the same 
to two hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each ; which shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the buoks ot the corporation in accordance with 
the rules thereof. 

4. The said corporation shall have power to borrow May borrow 



money, buy and sell bills of exchange and other comraer- bills of ezchange 
cial obligations, loan money and discount notes, in accord- 
ance with bank usage, receive money on deposit, and may 
also accept and execute all trusts which may be committed 
to it by order of any court. Said corporation shall confine 
its business exclusively to a commercial and exchange bank- 
ing business, 

§ 5. The said corporation shall have power to purchase gnj-^n^evS 
and hold such real estate as may bo necessary for the trans- estate. 
action of a bona fide banking business, and to take and hold 
any real estate as security for and in payment of loans and 
debts due or to become clue to the corporation, and to pur- 
chase real and personal estate at any sale to enforce its se- 
curities, or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold or sell 
and convey the same : Provided^ that any real estate sold 
under deed of trust, or other conveyance held as security 
by said corporation, may be redeemed by the payment of 
the full amount of debt and costs, with ten per cent, inter- 
est on same, by the debtor, his, her or their heirs or credi- 
tors, at any time within twelve months after such sale : 



94 HANKS— INCOEPORATED. 

Provided, also, that no real estate that may become tlie 
pr()]>erty of said corporation, except such as may ho reason- 
ably necessary in the transaction of its business, shall l)e 
held by said corporation for a longer period than may be 
reasonabl.y necessar}^ to enable said corporation to sell and 
dispose of the same to advantage. 
Boani of di- § 6. The businoss of said corporation shall be conducted 

mimbfr. ^^^^'^ ^*7 ^ board of not less than five directors, to bo elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and residents of eaid county. Each 
share of stock shall be entitled to one vote, and may be 
cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation, 
or its officers, may see proper. 
Stockholders § 7. Bsfore Said corporation shall commence business, 

to pay up in full. ^^^^ ^^liole of the Capital stock of said corporation shall have 
beeu subscribed, and the stockholders shall have paid the 
several amounts subscribed in full; and no increase of said 
capital stock shall be made at any time, unless the amount 
thereof shall be paid into said corporation at the time of 
the issue of such stock; and the whole capital stock, inclu- 
ding such increase, shall not exceed in amount the actual 
value of the property of said corporation at the time of the 
issue of such increased stock. Said corporation may make 
such rules, regulations and by-laws, as are not inconsistent 
with the laws of this state, or of the United States, 
stockholders § §. Whenever default shall be made in the payment 

responfr i e. ^£. ^^^^ debt or liability contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them respect- 
ively, and such liability shall continue until three months 
after an assignment of the stock, and publication of a notice 
thereof in a newspaper published in the said city of Chi- 
cago. 
Not to he a g 9, JS^otliiug in this act shall be construed as to invest 

savings an . ^^^j corporation with })Ower to do the business of a savings 
bank; and the said corporation, hereby created, is expressly 
prohibited from, in any way, announcing or advertising it- 
self as receiving savings deposits, and from paying interest 
on deposits, under penalty of forfeiting its charter. 

Act, whon Toid. g i()^ ThiB act shall be void unless said corporation 
shall organize and proceed to business within two years 
after the passage of this act. 

Indebtedness of § H, 'Eo director of Said corporation shall be indebted 

director limited. ^^ ^^.^ Corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum 
of the amount of the capital stock held by euch director in 
his own name, in good faith, as hie own." 



BAIsTES — INOOEPORATED. 95 

§ 12. This act sliall be deemed a public act, and shall 
be in force from and after its passage. 
Approved March 20, 1869. 



AN ACT to incorporate the Commercial Bank of Cairo. In force March 

81, 18C9. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represe7ited in the General Assembly, That AVil- corporatore. 
Ham P. Halliday, David T. Linegar, Myron C. Tucker, 
Patrick H. Pope, Fredoline Bross, and their associates and 
successors, and all such persons as shall become stockhold- 
ers in the corporation hereby created, shall be a body poli- 
tic and corporate, by the name and style of " The Commer- Nameaadsiyie. 
cial Bank of Cairo," and shall have succession, a common 
seal, with power to plead and be impleaded, to sue and may 
be sued, to appoint all necessary assistants, and may have 
and enjoy and exorcise all the powers necessary to carry 
out and execute all the purposes and intents of a savings, 
loan and trust corporation, 

§ 2. The general business and object of this corpora- object. 
tion shall be to receive on deposit, or in trust, such sum or 
sums of money as may from time to time be offered there- 
for by any and all persons whomsoever, to be repaid to such 
depositors when required, at such times, with such interest, 
and under such regulations, as the board of directors may, 
from time to time, prescribe; which regulations shall be 
posted up in some conspicuous place in the rooms where 
the business of said corporation shall be transacted. 

§ 3. The business of the corporation shall be managed Four directors. 
by at least four directors ; which number of directors may 
be increased by a vote of the stockholders ; and the persons 
named in section one shall be the first directors thereof, and 
shall so continue until the first annual election of directors 
after the organization of the corporation, and until their 
successors are elected and qualified. 

§ 4,. The capital stock of said corporation shall be five c-ipit.ii stock, 
thousand dollars, divided into shares of one hundred dollars 
each, payable in such installments as the directors may, 
from time to time, elect, under such penalties as they may, 
from time to time, in their discretion adopt ; and the direc- 
tors are hereby appointed and authorized to superintend 
the subscription to the capital stock of the corporation ; and 
it will be competent for said directors, or a majority of 
them, to commence the business of the corporation when 
the full amount of stock shall have been subscribed, and at 
least ten per cent, of it paid into the treasury. 



96 



BANES — INCOEPOKATED. 



Borrow money 
and sell ex- 
change. 



May holrl r.nd 
convey real es- 
tate. 



Meeting of 
board. 



Election of 
officers. 



Tomakernlea 
andresulaticms. 



Stock may be 
increased. 



§ 5. This corporation may loan money at any rate of in- 
terest not exceeding ten per cent, per annum, or may dis- 
count in accordance with bank nsage, taking such security 
therefor, either real or personal, as the directors may deem 
sufficient. Said corporation shall have power to borrow 
money, bay and sell exchange, bullion, bank notes, govern- 
ment stocks, and other securities. 

§ 6. It shall be lawful for this corporation to purchase 
and hold such real estate as may be 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 any debt or debts, due or to become due to the said cor- 
poration; to purchase real estate at any sale made in virtue 
of any loan, debt or mortgage made to or held by said cor- 
poration, and to receive and take, in whole or in part satis- 
faction of any such loan or debt, any real e.state, and to hold 
and convey the same. Any veal estate sold under- deed of 
trust or other conversance held as security by said corpora- 
tion, may be redeemed by the debtor, his, her or their 
heirs or creditors, by the pavment of the full amount 
of debt and costs, together with ten per cent, interest on 
the same, at any time within twelve months after such 
sale. 

§ 7. The stockholders of this corporation, after the or- 
ganization, shall meet on the iirst Monday in January, and 
annually thereafter, and elect, by ballot, from their num- 
ber, at least three directors, to serve for the term of one 
year, or until their successors are chosen ; each stockholder 
shall be entitled to one vote for every share of stock stand- 
ing in his or her name on the books of the corporation, and 
they may vote in person or by proxy ; the name of each 
stockholder so voting shall be indorsed on the ballot, and a 
plurality of votes shall elect. The directors shall elect, an- 
nually, j'rom their number, a president, vice-president and 
secretary. The cashier may be selected from the stock- 
holders by the directors. The directors shall make and 
execute such by-laws as may be convenient and necessary 
for the proper prosecution of the business of this corpora- 
tion, not inconsistent with this act, or with the laws of this 
state. 

§ 8. x\t any time after the issue of the amount of the 
orii2,iiial stock of live thousand dollars, as hereinbefore pro- 
vided, the directors may increase the capital stock of said 
corporation to any amount not exceeding five hundred 
thousand dollars, in shares of one hundred dollars each ; 
and said increased stock shall be subject to all the liabili- 
ties, immunities and privileges of the original stock. Stock- 
holders shall have the option of subscribing to such addi- 
tional stock, pro rata^ within such time as the directors 
may limit. 



BANKS — INCOEPORATED. 9? 

§ 9. When any deposit is made to said corporation Daposiu of 
by a rQir.or or by a female, being or hereatter becomiLig a nor?.'^'^ ^^'^ ™^' 
married woman, the such corporation may pay said deposi- 
tors pjij sums of money due to them, and their receipt or 
acceptance shall be a legal discharge to said corporation 
therefor. 

§ 10. The stock of this corporation shall be deemed shares deem'd 
personal property, transferable only on the books of the personal prop- 
corporation, and no transfer shall be valid while he is in- 
debted to the corporation. 

§ 11. The corporation shall exist for the term of fifty Durati-on of 
years next succeeding the first of May, A. D. 18G9, and corporation. 
shall be entitled to use all its corporate powers, rights and 
privileges, for the period of three years thereafter, for the 
sole purpose of closing up its affairs. The stockholders stockhridera 
herein shall be responsible in their individual property to responsible, lii- 
the amount of their stock, to make good all losses to de- ^^'^'^^'^"^• 
positoi-s, or others, and no assignment of their stock shall 
release them from said liability until after the fact of such 
assignment, and name of the person to v\^]iom made, shall 
have been advertised in some public newspaper for the 
period of three months. This act shall be void unless said Act, when void 
company shall organize and proceed to business within four 
years after the passage hereof. This corporation shall be 
subject to the provisions of an}^ general law hereafter passed 
on the sul)iect of banking, trust or deposit companies. 

§ 12. This act shall be deemed a public act, of which 
all courts and magistrates shall officially take notice, and 
shall take effect on and after its passage. 



AN ACT to incorporate the Commercial Bank of Masccutah. in force April 



1833. 



Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Asseinhly, That P. H. corporators. 
Postel, Andrew Eisenmeyer, C. Lischer, E. Bagby, Geo. 
Bwigard, G. C. Eisenmeyer, Mcholas Perring, Charles 
Kuntz, John Hines, George Keichard, Charles Leibiz, J. P. 
Padiield,Dr. W. W^lsch, 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 of "The Commercial Bank of Mascoutah," Nameandatyie. 
and shall have a common seal, Vv^hich they may alter or re- 
new at pleasure ; power to plead and be impleaded, and 
defend and be defended, in ail courts of law and equity ; to 
have and exercise power incident to corporate bodies. 

—13 



98 BANKS — INCORPORA.TED. 

Said corporation shall be located in the town of Mascoutah, 
in the county of St. Clair, and state of Illinois. 
Subscription § -• -^ majority of the corporators herein named may 

to capital stock, proceed to open books for subscription to the stock of said 
corporation, and shall, at the same time, or thereafter, des- 
ignate a time and place for the lirst election of directors of 
said corporation, by parties subscribing to the stock thereof; 
and each share of stuck so subscribed for shall be entitled 
to one vote. 
Amount capi- S^ 3. The Capital stock of said corporation shall be thirty 

tai stock. thousand dollars, with power to increase the same to 

one hundred thousand dollars, and shall be divided into 
shares of one hundred dollars, each; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 
Borrow money § 4. The Said corporation shall have power to borrow 

po4tr*^"^^ ^^" money and to receive money on deposit, and pay interest 
thereon, and to loan money, either within or without this 
state, at any rate of interest not exceeding that now or here- 
after allowed by law to private individuals, and to discount 
loans; and, in computation of time, thirty days shall be 
deemed a month and twelve months a year; and to make 
Lotn money such loaus payable either within or without this state, and 

on trust deeds, to take such securities therefor, real or personal, or both, 
as the directors or managers of said corporation shall deem 
sufficient ; aud 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 
and other securities ; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation; may accept and 
execure all such trusts, whether fiduciary or otherwise, as 
shall or may be committed to it by any person or persons, or 
by the order or direction of any court or tribunal, or other le- 
gally constituted authority of the state of Illinois or of the 
United States, or elsewhere; may make such special regula- 
tion, in reference to trust funds or deposits left for accumu- 
lation or safe-keeping, as shall be agreed upon with deposit- 
ors or parties interested, for the purpo.=e of accumulating or 

Letters ofcredit increasing the same; may issue letters of credit and other 

me^rciai^^obif™! Commercial obligations, not, however, to circulate as money ; 

tions. ° and may secure the payment of any loans n^ade to said 
corporation in any way the directors of said corporation 
may prescribe. 
Women and § ^- Married women and minors may, in their own 

take"^t ck ^^^ ^^^Q, subscribe for stock and deposit money with said cor- 
poration, and receive ccrtiticates of stock aud deposits in 
their own names ; which stock and deposits shall be subject 
to their disposal and order, only. 



BANKS — INCOEPOEATED. 99 

§ 6. The said corporation shall have power to purchase May hold and 

1111 1 1 . i 1 x" J.U i conTey real es- 

and hold such real estate as may be necessary lor the trausac- tate. 
tion of a bona fide banking business ; and to take and hold any 
real estate as security for and.in payment of loans and debts 
duo or to become due to the corporation ; and to purchase 
real and pergonal estate at any sale, to enforce its securi- 
ties or the payment of debts due, made by virtue of any 
process, mortgage or deed of trust, and to hold, use, im- 
prove, lease or sell and convey the same. Said corporation Redemption of 
may make, alter and amend such by-laws, rules and regula- Sn^^f ^Led^°o^ 
tions f)r its management, as are not inconsistent with the trust. 
laws of this state or of the United States : Provided, that 
any real estate, sold under deed of trust or other convey- 
ance held as security by said corporation, may be re- 
deemed by the debtor, his, her or their heirs or creditors, 
by the payment of the full amount of debt and cost, with 
ten per cent, interest on same, at any time within twelve 
months after such sale : And, provided, also, that no real es- 
tate, except such as may be reasonably necessary in the trans- 
action of a bona fide banking business, shall beheld by said 
corporation for a longer period than ma}' be reasonably 
necessary to enable said corporation to sell and dispose of 
the same to advantage. 

§ 7. The business of said corporation shall be conducted Board of di- 
by a board of not less than five directors, to be elected an- sfstofflvc. ^°°" 
nually by the stockholders, who shall hold their offices until 
their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see proper. 

§ 8. Be£ore said corporation shall commence business stockholders 
the stockholders shall pay the several amounts subscribed, t'^pay^pinfuii. 
in fall ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock; and increase of cap- 
the whole capital stock, including such increase, shall not ^^^^^'°<=^- 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment . stockholders' 
of any debt or liability, contracted by said corporation, the ^''^^^^^'y- 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, re- 
spectively; and such liability shall continue until thr#^ 
months after an assignment of the stock, and publication of 
a notice thereof in a newspaper published at the said town 
of Mascoutah, in the county of St. Clair, and state of 
Illinois. 



Limit of indobt- 
edness 
holder. 



100 BANKS— INCORPORATED. 

Act. when void. § 10. Tliis act shall be void unlcss Said Corporation shall 
organize and proceed to business within two years after 
the passage of this act. 
tofindoijt- ^^ 11- ^^ director of said corporation shall be indebted 
sof stock- to said corporation, either directly or indirectly, at any time, 
to an amount greater thou seventy-tive per centum of the 
amount of the capital stock held by such director in his own 
name, in good faith, as his own. 

§ 12. Thisact shall bedeemed a pubhc act, and shall bein 
force from and after its passage. 
Approved April 1, 1869. 



In force liarch AN ACT to incorporate the Cook County Banking AbSLciati.m. 

29, 1889. 

Section 1. Be it enacted hy the Peoiole of the Stcde of 
Illinois, represented in the General Assenihly, That Henry 

corporators. "VY. King, Jedediah H. Lathrop, James Reynolds, Wirt 
Dexter, 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 

Name aud style, style of "The Gook Oounty Banking Association," and 
sliall have a common seal, which they may alter or renew 
at pleasure ; power to plead and be impleaded, defend and 
be defended in all courts of law and equity ; to have and 
exercise powers incident to corporate bodies. Said corpora- 
tion shall be located in the city of Chicago, in the county 
of Cook, and state of Illinois. 
Opening euh- § 2. A maioritv of the corporators herein named may 

scriptioD books. pj,^,^gg^ ^Q open books for subscription to the stock of said 
corporation, and shall, at the same time, or thereafter, desig- 
nate a time and place for the lirst election of directors of said 
corporation, by parties subscribing to the stock thereof; and 
each share of stock so subscribed for shall be entitled to 
one vote. 

Aniouat capital §2- The Capital stock of Said corporation shall be one 

stock.' ' ' hundred thousand dollars, v/ith power to increase the same to 
three hundred thousand dollars ; and shall be divided into 
shares of one hundred dollars each, which shall be deemed 
personal property, subject to taxation, and shall be transfer- 
able on the books of the corporation in accordance with the 
rules thereof. 
Borrowmoney § 4. Tho ssid corporation shall have power to borrow 

and Bell ex- jjionGv, bnv and Sell bills of exchange and other commer- 
cial obligations, loan money and discount notes, in accor- 
dance with bank usage ; receive money on deposit ; and 
may also accept and execute all trusts which may be com- 
mitted to it by order of any court. Said corporation shall 



BANKS — INCOKPOKATED. 101 

coniiae its business, exclusively, to a commercial and ex- 
change banking business. 

§ 5. The said corporation sliall have power to purchase Mayhom and 
and hold such real estate as may be necessary for the trans- taiir^ 
action of a bona jide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the said corporation, and to 
purchase real and personal estate at any sale to enforce its 
secnrities or the payment of debts due, made by virtue o!:' 
any process, mortgage or deed of trust, and to hold or sell 
and convey the same: Provided, that any real estate, sold 
under deed of trust or other conveyance held as security by 
said corporation, may be redeemed by the debtor, his, her or 
their heirs or creditors, by the payment of the full amount 
of debt and costs, at any time within twelve months after 
such sale : And, provided, also, that no real estate that may 
become the property of the corporation hereby created, ex- 
cept such as may be reasonably necessary for tiie transaction 
of a hona fide banking business, shall be held for a longer 
period than may be reasonably necessary to enable said cor- 
poration to sell and dispose of the same to advantage. 

§ 6. The business of said corporation shall be con- pi^e oirectors. 
ducted by a board of not less than live directors, to be 
elected annually by the stockholders, who shall hold their 
offices until their successors are elected and qualified. The 
directors shall be stockholders, and residents of the said 
county. Each share of stock shall be entitled to one vote, 
and may be cast in person or by proxy. The board of di- 
rectors shall elect a president and cashier; and such other 
officers and agents may be appointed or employed as said 
corporation or its officers may see proper, 

§ 1. Before said corporation shall commence bnsi- stock to be 
ness, the full amount of said capital stock shall have been ^^^^ ^^ ^'^''• 
subscribed and the stockholders shall have paid the several 
amounts subscribed in full ; and no increase of said capital 
stock shall be made at any time unless the amount thereof 
shall be paid into said corporation at the time of the issue 
of such stock ; and the whole capital stock, including such stock maybs 
increase, shall not exceed in amount the actual value of the '°'=^"®'^^^^- 
property of said corporation at the time of the issue of such 
increased stock. Said corporation may make rules, regula- 
tions and by-laws not inconsistent with the laws of this 
state or of the United States, and may repeal, alter and 
amend the same. 

§ 8. Whenever default shall be made in the payment stockiioidera' 
of any debt or liability contracted by said corporation, the ^^^^^^'^y- 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them respec- 
tively, and such liability shall continue until three months 
after an assignment of the stock, and publication of a no- 



BA.NK8 INCORPORATED. 

tice thereof, in a newspaper published at the said city of 
Chicago. 

§ 9. Nothing in this act shall be construed as to invest 
said corporation with power to do the business of a savings 
bank, and the said corporation hereby created is expressly 
prohibited from in any way announcing or advertising itself 
as a savings bank, and from paying interest on deposits, 
under penalty of foifeiting its charter. 

§ 10. This act shall be void unless said corporation shall 
organize and proceed to business within two years after the 
passage of this act. 

§ 11. No director of said corporation shall be indebted 
to said corporation, either directly or indirectly, at any time, 
to an amount greater than seventy- five per centum of the 
amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

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

Appeoved March 29, 1869. 



AN ACT to incorporate the Danville Banking Company. 

Section 1. Be it enacted hy the People of the State of 
lllbiois, reiwesented in the General Assemhly^ That Johii 

Corporators. L. Tinchcr, Joseph G. English, Levin T. Palmer, Yictor 
Leisure, Hiram W. Beckwith, Marquis D. Hawes and 
James H. Woodbury, and their associates and successors, 
and all such persons as shall become stockholders in the 
corporation hereby created, shall be a body politic and cor- 

Name and style, poratc, by the name and style of " The Danville Banking 
Company'," and shall have succession ; a common seal, with 
power to plead and be impleaded ; to sue and may be 
sued ; to appoint all necessary assistants ; and may have, 
enjoy and exercise all the powers necessary to carry out 
and execute all the purposes and intents of a savings, loan 
and trust corporation. 

§ 2. The general business and object of this corporation 
sliall be to receive, on deposit or in trust, such sum or sums 
of money as may, from time to time, be offered therefor by 
tradesmen, merchants, clerks, laborers, servants and others, 
to be repaid to such depositors when required, at such times, 
with such interest and under such reguhitions as the board 
of directors may, from time to time, prescribe ; which 
regulations shall be posted up in some conspicuous place in 
the rooms where the business of said corporation shall be 
transacted. 



BANKS INCORPORATED. 103 

§ 3. The affairs of the company shall be managed by a Board of di- 
board of directors, of at least five in number, a majority of gist o"flve/°"" 
whom shall constitute a quorum f>.>r the transaction of busi- 
ness, who shall be stockholders in the corporation. The 
election of such directcrs shall be bad 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. The 
office for the transaction of business shall be located at 
Danville, Yermilion county, Illinois. 

§ 4. The election of directors shall be held annually. Annual election 
at the office of the corporation, and the board shall a;ive at or directors, 
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 num.ber 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- 
rality of votes shall elect. Every stockholder shall be en- 
titled to one vote for every share of stock staudinoj in his 
or their name, on the books of the corporation, and he or 
they may vote in person or by proxy ; and omission r.r 
£.iilure to elect 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 been elected. 

§ 5. The capital stock of said corporation shall be fitty capital stock. 
thousand dollars, divided into shares of one hundred dol- 
lars each, payable in such installments as the directors may, 
from time to time, elect, under such penalties as they may 
in their discretion adopt; and the directors are hereby ap- 
pointed and authorized to superintend the subscriptions to ' 
the capital stock of the corporation ; and it shall be compe- 
tent for said directors to commence the business of the cor- 
poration when the full amount of stock shall have been 
subscribed and at least ten per cent, of it paid into the 
treasury. 

§ 6. This corporation may loan money at any rate of Borrow money 
interest, not exceeding ten per cent, per annum, or may exchlnge'?^'^^ °^ 
discount in accordance with bank usage, taking such secu- 
rity therefor, either real or personal, as the directors may 
deem sufficient. Said corporation shall have power to 
borrow money, buy and sell exchange, bullion, bank notes, 
government stocks and other securities ; but nothing in 
this act contained shall confer on said corporation the 
privilege of issuing notes similar to bank notes, for the pur- 
pose ojfa circulating medium. 

§ 7. It shall be lawful for this corporation to purchase May hold and 
and hold such real estate as may be convenient for the tate!^^ ^^^^ ^^' 
transaction of its business, and to take and hold any real 
estate, in trust or otherwise, as security for or in payment 



104 BANKS — INCORPORATED. 

of any debts due or to become due to the said corporiition ; 
to purchase real estate at any sale made in virtue of any 
loan, debt or mortgage made to or held by said corpora- 
tion, and to receive and take, in whole or in part satisfac- 
tion of any such loan or debt, any real estate, and to hold 
Kedemptioa and convcy the same. Any real estate, sold under deed of 
uDd'-r''d8«d"of ^^'iiist or other conveyance held as security by said corpora- 
trust. 5iovi, may be redeemed by the debtor, his, her or their 
heirs or creditors, by the payment of the debt and costs, 
together with ten per cent, interest on same, at any time 
within twelve months after such sale. 
Election of § 8. The directors shall elect, annually, . from their 
offlcirs. number, a president, vice-president and secretary. The 
L-cishier may be selected Irom the stockholders by the direc- 
tors. The directors shall make and execute such by-laws as 
ma}^ be convenient and necestary for the proper prosecution 
(;ftlie business of this corporation, not inconsistent with this 
act or wiili the laws of this state or of the United States. 
Increase of § 0. At any time, after the full payment of the original 
capital stock, gjock of fifty thousand dollars, as hereinbefore provided, 
the directors may increase the capital stock of said corpo- 
ration to any amount, not exceeding five hundred thousand 
duilari:^, in shares of one hundred dollars each ; and said in- 
creased stock shall be subject to all the liabilities, immuni- 
ties and privileges of the original stock. Stockholders shall 
have the option of subscribing to such additional stock j^w 
■rata, within such time as the directors may limit. 
Deposits bj § 10. When any deposit is made with said corporation 
Sei"%ow die- ^.Y ^ J^lnor or by a female, being or hereafter becoming a 
posc-'d of. married woman, the said corporation may pay such deposi- 
tors any sums of money due to them, and their receipt or 
acquittance sliali be a legal discharge to said corporation 
therefor. 
Stock deemed § H- The stock of this Corporation shall be deemed 
personal prop- personal property, transferable only on the books of the 

erty aud traus- i x- i i. r i ii i tj i -i i 

ferabie. corporation ; and no transler snail oe valid while he is 

indebted to the corporation. 

§ 12. This corporation shall exist for the term of lii'ty 

years next succeeding the first of May, A. D. 18G9, and 

shall be entitled to use all its corporate powers, rights and 

privileges, for the period of three years thereafter, for the 

Liability of solo purposc of closiug up its afiaifs. The stockholders 

stockholders, j^erein shall be responsible, in their individual property, in 
double the amount of their stock, to make good all losses to 
depositors or others ; and no assignment of their stock shall 
release them from said liability uidil after the fact of such 
assignment and uarne of the person to whom made, and 
the amount of said stock, shall have been advertised in 
some public newspaper, printed in tiie county where the 
corporation is doing business and located, for the period of 

Act, when void, three months. This act shall be void unless said company 



BANKS — INCORPOEATED, 105 

shall orgiinize and proceed to business within two years af- 
ter the ]>assage hereof. The said corapany shall be subject 
to the pro^i&ions of any general law, hereafter passed, on 
the subject of banking, trust or deposit companies. 

§ 13. This act shall bo deemed a public act, of which 
all courts and magistrates shall officially take notice ; and 
shall take effect on and after its passage. 

Approved March 24, 1869. 



AN" ACT tvT incorporate the DeKaib Banking Company. In force March 

30, 1869. 

Section 1. Be it enacted hy the People of the State of 
lilinois^ represented in the General Assemhly^ That Lewis corporators. 
McEwen, Chauncey W. Braughtoii, Aaron K. Stiles, Wil- 
liam A, Miller, Harvey Thompson, Isaac L. Ellwood, El- 
zey P. Young, Charles W. Marsh and Rufus Hopkins, and 
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 style 
of "ThoDeKalb Banking Company," and shall have sue- Name ana style. 
cession, a common seal, with power to plead and be im- 
pleaded, to sue and be sued, to appoint all necessary assist- 
ants ; and may have, enjoy and exercise all the powers 
necessary to carry out and. execute all the purposes and 
intents of a loan and trust corporation. 

§ 2. The general business and objects of this corpora- object. 
tion shsll be to receive, on deposit or in trust, such sura or 
sums of money as may, from time to time, be offered there- 
for by tradesmen, merchants, clerks, laborers, servants and 
others, to be repaid to such depositors when required, at 
such tisijes, with such interest and under such regulations 
as the board of directors may, from time to time, prescribe; 
which regulations shall be posted up in some conspicuous 
place in the rooms where the business of said corporation 
shall be transacted. 

§ 3. The affairs of said company shall be managed !jy Appointment of 
a board of directors, of not more than seven nor less th':,ntive ^°'^^^''^-^'^^°"" 
in number — and a 'majority of said directors shaVi consti- 
tute a quorum for the transaction of business- ^.-who shall 
be stockholders in the corporation. The el'.-ction of such 
directors shall be had, by the stockholdo:-s, when thirty 
thousand dollars shall have been subscrVoed'to the capital 
stock of said corporation and ten pe? cent, paid thereon ; 
and the first three of the corporator/, herein named shall be 
commissioners to open books foi: subscription. The office 

-^I'l 



106 BANKS — INCORPOKATED. 

of the company for the transaction of business shall be lo- 
cated in DeKalb, DeKalb county, Illinois. 
Aanuai election § 4. The election of directors sliall be held annually, at 
ofofflcers. ^^^ otlicQ of the corporation, and the board shall give at 
least ten days' notice thereof to tiie 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 vrho may receive the same; and a plu- 
rality of votes shall elect. Every stockholder shall be en- 
titled to one vote far every share of stock standing in his 
or their name, on the books of the corporation ; and he or 
they may vote in person or by proxy. Any omission or 
failure to elect directors shall not, in anywise, impair the 
right of stockholders, depositors or others interested ; and 
the directors in office i^hall hold over until their successors 
shall have been elected. 
Amount of § O- The Capital stock of said corporation shall be fifty 
capital stock, thousand dollars, divided into shares of one hundred dol- 
lars each, payable in such installments as the directors may, 
from time to time, elect, under such penalties as they may 
in their discretion adopt ; and the directors are hereby ap- 
pointed and authorized to superintend the subscriptions to 
the capital stock of the corporation ; and it shall be com- 
petent for said directors to commence the business of the 
corporation when the full amount of stock shall have been 
subscribed and at least ten per cent, of it paid into the 
treasury. 
Loan money § ^- This Corporation may loan money at any rate of 
BonafproMr?y^" ^^terest, not exceeding ten per cent, per annum, or may 
discount paper in accordance with bank usage, taking such 
security therefor, either real or personal, a^^ the directors 
may deem sufficient. Said corporation shall have power 
to borrow money, buy and sell exchange, bullion, bank 
notes, government stocks, and other securities ; but nothing 
in this act contained sliall confer on said corporation the 
right to issue notes similar to bank notes, for the purpose 
of a circulating medium. 
May ho.^dand § 7. It shall be lawful for this corporation to purchase 
convey rci ' ^s- qj^^ jj^^j^j g^^^^j^ j.g^l estate as may be convenient for the 
transaction of its business, and to take and hold any real 
e^j-tate, in trust or otherwise, as security for the payment of 
any J*^^^ *^i* debts due or to become due to the said corpo- 
ration • ^'^ purchase real estate at any sale made in virtue 
of any'loa '^' '^^^^^^ *-'" "i'^i'i^g^ge made to or held by said cor- 
poration, anu' ^"^ receive" and take, in whole or in part 
satisfaction of i ^^ ^^^^^ ^^^" "-'^ debt, any real estate, and 

Property sold to hold and COIlve. ' ^^^® ^^'^^- ^^"^ ^^^^ ^^^^^^'^ ^"^^^^ ^^^^^' 

u£' tf Indeed of trust or othb " co^^'evaiice held as security by said 

redeemed. corporation ma" be rou^^°^^^ ^^ ^^^ debtor, by his, her or 

their heirs or cl-editors. w^'' ^^^ payment of the debl and 



BINKS — INCOEPOEATED. 107 

costs, together with ten per cent, interest on the Bame, at 
any time within twelve months after such sale. 

§ 8. The directors shall elect, annually, from their num- Election of 
her, a president, vice president, and secretary. The cash- ° '^"^^ 
ier may be elected from the stockholders by the directors. 
The directors shall make and execute such by-laws as may 
be convenient and necessary for the proper prosecution of 
the business of this corporation, not inconsistent with this \ 

act or v.'ith the laws of this state or of the United States. 

§ 9. At any time after the full payment of the original increase capi- 
stock of fifty thousand dollars, as hereinbefore provided, 
the directors may increase the capital stock of said corpo- 
ration to any amount, not exceeding iive hundred thousand 
dollars, in shares of one hundred dollars each; and said 
increased stock shall be subject to all the liabilities, im- 
munities and privileges of the original stock. Stock- 
holders shall have the option of subscribing to such addi- 
tional stock ^:>?'(? rata^ within such time as the directors may 
limit. 

§ 10. When any deposit is made with said corporation Deposits of mi- 
by a minor or by a female, being or hereafter becoming a how aLpo" ed of 
married woman, the said corporation may pay such deposi- 
tors any sum of money due to them., and their receipt or 
acquittance shall be a legal discharge to said corporation 
therefor. 

§ 11. The stock of this corporation shall be deemed stock deemed 

T <iii iiiri personal pro- 

personai property, transierable only on the books ot tne party. 
corporation ; and no transfer shall be valid while the party 
transferring is in debt to the corporation. 

§ 12. This corporation shall exist for the term of fifty norat'en of 
years next succeeding the 1st day of May, A. D. 1S69, and ^'^'"P'^'^ '°'^- 
shall be entitled to use all its corporate powers, rights and 
privileges, for the period of three years thereafter, for the 
sole purpose of closing up its affairs. The stockholders ptockiioiders- 
shall be individually responsible, in their property, to an liaMJity. 
amount equal to the amount of stock held by them, respec- 
tively, to make good all losses to depositors or others ; 
and no assignment 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 newspa- 
per, printed in the county where the corporation is doing 
business and located; for the period of three months. This Act, when void, 
act shall be void unless said company shall organize and 
yjroceed to business within two years after the passage of 
this act. The said company shall be subject to the provi- 
sions of any general law hereafter passed on the subject of 
banking, trust or deposit companies. 

§ 13. This act shall be deemed a public act, of which 
all courts and magibtrates shall ofhciaily take notice ; and 
shall take effect on and after its passage. 

Approved March 30, 1869. 



108 BAXKS — INCORPORATED. 



force March AN AUT to incorporate tlie Dixnu Bi 

30, isr.y. 



SECTiON 1. Be it enacted by the People of the State of 
Illinois^ represenitd in the Gentral Assembly, That William 

Carporatoi-B. II. Yaii Epps, George L. Sebuler, Nathan Underwood, jr., 
Banon B. Higginy, Jaeon C. Ayres, and all such persons 
as shall become stockholders in the corporation hereby 
created, and their successors, shall be a body politic and 

Name and style. cor|)orate, by tiie name and style of " The Dixon Banking 
Company ; " and shall have a common seal, whicli they may 
alter or renew at pleasure ; |)ower to plead and be implead- 
ed and defend and bo defenJed in all courts of law and 
equity ; to have and exercise powers incident to corporate 
bodies. Said c<n'poration shall be located in the city of 
Dixon, in the county of Lee, and state of Illinois. 
To open books § 2. A majority of the Corporators herein named may 

for subscription, proceed to Open books for subscription to the stock of said 
corporation, and shall, at the same time, or thereafter, 
designate a time and place fur the first election of directors 
of said corporation, by parties subscribing to the stock 
thereof; and eacli share of stock so subscribed for shall be 
entitled to one vote. 
Capital stock § 3. The Capital stock of said corporation shall be one 

to be subscribed ii^^clred thousaud dollars, with power to increase the same 
to two hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each ; which shares shall be 
deemed personal property, subject to taxation, and shall 
be transferable on the books of the corporation in accord- 
ance with the rules thereof. 
May borrow ^ 4. Tho Said Corporation shall have power to borrow 

money and ie- , , . ' i ., * i . . , 

ceiye deposits, moucy, and to reccive money on deposit and pay interest 
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 deemed a month, and twelve months a year — and to 
make such loans payable either within or without this 
state; and to take such securities therefor, real or personal, 
or ])oth, as the directors or managers of said corporation 
May loan on sluiU deem sulhcient ; and may secure the payment of such 

deeds of trusi. |^^,^j^g |^^ ^QtdiQ of trust, mortgages or other securities, 
either within or without this state ; may buy and sell ne- 
gotiable paper and other securities ; may purchase and 
sell real estate, and shall have the power to convey the 
same in any mode prescribed by the by-laws of said corpo- 
ration ; may accept and execute all such trusts, wheiher 
hduciary or otherwise, as shall or may be committed to it 
by any person or persons, or by the order or direction of 
any court or tribunal, or other legally constituted authority 
of the state of Illinois or of the United States or elsewhere; 



BANKS— INCORPOEATED. 109 

may make such special regulations, in reference to trust 

funds or deposits left for accumulation or safe-keeping, as 

shall be agreed upon with depositors or parties interested, 

for the purpose of accumulating or increasing the same ; 

may issue letters of credit and other commercial obliga- Letters of 

tions, not, however, to circulate as money; and may secure comraercLi*'^ob- 

the payment of any loans made to said corporation in any ligations. 

way the directors of said corporation may prescribe. 

§ 5. Married women and minora m'-iy, in their own Manied wo- 
names, subscribe for stock and deposit money with said Say take'stock'! 
corporation, and receive certiticates of stock and deposits in 
their own names; which stock and deposits shall be sub- 
ject to their disposal and order only. 

§ 6, The said corporation shall have power to purchase May hold and 
and hold such real estate as may be necessary for the trans- l^^J^^ ^^^^ ^^' 
action of a honajide banking business, and to take and hold 
any real estate, as security for and in payment of loans and 
debts, due or to become due to the corporation, and to pur- 
chase real estate and personal estate, at any sale to enforce 
its securities or the pa3-ment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, im- 
prove, lease or sell and convey the same. Said corporation Ey-iaws, rules 
may make, alter and amend such by-laws, rules and regula- "^id regulations, 
tions for its management, as are not inconsistent with the 
laws of this state or of the United States : Provided, that 
any real estate, sold under deed of trust or other conveyance 
held as security by said corporation, may be redeemed by the Property may 
debtor, bis, her or their heirs or creditors, by the payment of ^' ^^ '"^^^^ ' 
the fullamount of debt and costs, with ten per cent. interesL 
on same, at any time within twelve months after such sale: 
And, provided, a^so, that no real estate that may become 
the property of said corporation, escept such as may -be 
reasonably necessary for the transaction of a bona Jlde 
banking business, shall be held by said corporation for a 
longer period than may be reasonably necessary to enable 
said, corporation to sell and dispose of the same to advan- 
tage. 

§ 7. The business of said corporation shall be conduct- Board of di- 
ed by a board of not less than live directors, to be elected efsTof^iive. ^°"' 
annually by the stockholders, who shall hold their othce 
until their successors are elected and qualified. The direc- 
tors shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board ot directors Election of 
shall elect a president and cashier ; and such other officers '"^''''■'• 
and agents may be appointed or employed as said corpora- 
tion or its officers may see proper. 

§ 8. Before said corporation shall commence business stock to bo 
the stockholders shall pay the several amounts subscribed, p^^"^'*^^""- 
in full; and no increase of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 



110 BANK3 — INCORPORATED. 

said corporation at tlie time of the issue of such stock ; and 
the whole capital stock, including such increase, shall nor, 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased 
stock, 
stockholders §9, "Whenever default shall be made in the payment of 

held responsible ii, i-iM-i , ,ii • i '•'. , 

any debt or liability contracted by said corporation, the 
stockholders shall be held individually responsible for an 
nmount equal to the amount of stock held by them, re- 
spectively ; and such liability shall continue until three 
months after an assignment of the stock and publication 
of a notice thereof in a newspaper published at the said 
city of Dixon, in the county of Lee, and state of Illinois. 
§ 10. This act shall be void unless said corporation 
When act to '~^^<ih Organize and proceed to business within two years 
i>e void. after the passage of this act. 

§ 11. No director of said corporation shall bo indebted 

do^bi™!!i -s '°f ^'^ said corporation, either directly or indirectly, at any 

director.'''" ° time, to an amount greater than seventy-five per centum of 

the amount of the capital stock held by such director, in 

his own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall be 
in force from and after its passage. 
Approved March 30, 1869. 



In force March AN AOT to incorporate th« DuQuoin Bank. 

20, 1S(J9. 

Section 1. J3e it enacted hy the People of the State of 
Illinois^ reyresented in the General Assembly^ That Wil- 

corporators. ]iam Frizcll, John H. Moberly, Henry Horn, Tilmon E. 
Cantrell, Joseph J. Swanwich, Carroll Payne, Benjamin F. 
Pope, jr., Philip C. C. Provost, Pleasant A. Pope, Henry 
li. Poraeroy, Enos P. Pomeroy, Benjamin F. Pope, sr., 
Joseph "W". Clement, DeAYitt Slosson, William K. Murphy, 
Charles H. Poe, Leonard F. Eoss, Daniel A. Dry, William 
E". Harps, Isaac M. Stagg, William Schwartz, Charles E. 
R. Winthrop, Hillory H. Taylor, and all such persons as 
shall become stockholders in the corporation hereby created, 
and their successors, shall be a body politic and corporate, 

NaraonDd style by the name and style of "The DuQuoin Bank;" and shall 
have a common seal, which they may alter or renew at 
pleasure ; power to plead and be impleaded, and defend 
and be defended, in all courts of law and equity ; to have 
and exercise power, incident to corporate bodies. Said cor- 
poration shall bo located in the town of DuQuoin, Perry 
county, and state of Illinois. * 



BANKS — INCOKPOEATED. Ill 

§ 2. A majority of tlie corporators herein named may open books 
proceed to open books for subscription to the stock of said °' ^"^ ^"^^"' °^ 
company, and shall, at the same time or thereafter, des- 
icjnate a time and place for the first election of directors of 
said corporation by parties subscribino; to the stock thereof; 
and each share of stock so subscribed for shall be entitled to 
one vote, which may be cast in person or by proxy, 

§ 3, The capital stock of said corj)oration shall be one Amoimt of 
hundred thousand dollars, with power to increase the same *^^^" ^ 
to two hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each ; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 

§ 4. The said corporation shall have power to borrow Maj borrow 
money, and to receive money on deposit, and pay interest ^ive"deposits^' 
thereon, and to loan mone}'' 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 
discount loans — and in computation of time thirty days shall 
be deemed a month, and twelve months a year — and to 
make such loans payable either witliiii or without this state, 
and to take such securities therefor, real or personal, or 
both, as tlie directors or managers of said corporation shall 
deem sufficient, and may secure the payment of such loans , May loan on 
by deeds of trust, mortgage or other securities, either 
within or without this state ; may buy and sell negotiable 
paper and other securities ; may purchase and sell real 
estate, and shall have the power to convey the same in any 
mode prescribed by the bydaws of said corporation ; may 
accept and execute all such trusts, whether fiduciary or 
otherwise, as shall or may be committed to it by any per- 
son or persons or by the order or direction of any court 
or tribunal, or other 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 depositors or parties interested, for the 
purpose of accumulating or increasiug the same ; may issue Mayiesneiet- 
letters of credit and other commercial obligations, not, how- and otiier"^com- 
ever, to circulate as money, and may" secure the pay- ^^^^'g^^^ °^^'°''" 
ment of any loans made to said corporation in any way the 
directors of said corporation may prescribe. 

§ 5. Married women and minors may, in their own Minors and 

'^ ■, -T r T IT • ',1 •- marnea women 

names, subscribe lor stock and deposit money with said cor- may take stock. 
poration, and receive certificates of stock and deposits in 
their own names, which stock and deposits shall be subject 
to their disposal and order only. 

§ 6. The said corporation shall have power to purchase Mayhow and 
and hold such real estate as may be necessary for the trans- ^^°^J^^^ ^'^^^ ^^' 
action of a bona fide banking business, and to take and 



112 BANKS — INCORPORATED. 

hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation ; and to 
purchase real and personal estate at any sale to enforce 
its securities, or the payment of debts due, made by virtue 
of any process, mortgage or deed of trust; and to hold, 
uce, improve, lease or sell and convey the same. Said cor- 
poration may make, alter and amend such l)y-laws, rules and 
regulations for its numagement as are uct inconsistent with 
Redemption 'the kiws of this State or of the United States : Provided^ 

uu?er''deed''of that any real estate sold under deed of trust or other convey- 

^™''- ance held as security by said corporation, may be redeemed 

by the debtor, his, her or their lieirs or creditors, by the 
payment of the full amount of debt and costs, with ten per 
cent, interest on same, at any time within twelve months 
after such sale : And^ lyrovided^ aho^ that no real estate that 
may become the property <,f said corporation, except such 
as may be reasonably necessary for the transaction of a hma 
Jide banking business, shall be held by said corporation for a 
jonger period than may be reasonably necessary to enable 
said corporation to sell and dispose of the same to advantage 
Board of direc- § T. The buciness of said Corporation shall bo conducted 

tors to consirt of j^y .^ -QQard of uot less than rive directors, to be elected an- 
nually by the stockholders, who shall hold their othces until 
thicir successors are elected and c|naliticd. The directors 
shall be stockholders, and residents of che said county. Each 
share of stock shall be entitled to one vote, and may be 
cast m person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see proper. 
stockholders § 8. Bcfore Said corporation shall commence business, 

to pay m full. ^jij. g^Qckholders shali pay the Several amounts subscribed, 
in full; and no increase of said capital $tock shall be made 
at any time unless the amount thereof shall be ])aid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said cor- 
poration at the time of the issue of such increased stock, 
stockholders ^ 9. Whenever default shall be made in the payment 

sponsible^'"*" ^^' of any debt or liability contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them respect- 
ively ; and such liability shall continue until three months 
after an assignment of the stock and publication of a notice 
thereof in a newspaper published at said city of DaQuoin, 
in the county of Perry, and state of Illinois. 

Act, wheu vo-:d. g 10. This act shall be void unless said corporation 
shall organize and proceed to business within two years 
afcer the passage of this act. 

Limit of direc- 

ness. to said corporation, either directly or indirectly, at any 



BANKS — INCOEPORATED. 11- 

time, to an amount greater than seventy-live per centum of 
the amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

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

Approved March 2G, 1869. 



AN ACT to incorporate the "Central Bank of EuPao-e. In force March 

• 30, 1S69. 

■ Section 1. B& it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That Abel S. corporators. 
Ward, Lorenzo W. Childs, Timothy Yendier, Alfred Wat- 
erman and Henry C. Childs, 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 of "The Central Bank of DuPage," and Name and etyje. 
shall have a common seal, which the}^ may alter or renew 
at pleasure ; power to plead and be impleaded, and defend 
and be defended in all conrts of law and equity ; to have 
and exercise powers incident to corporate bodies. Said 
corporation shall be located in the town of Wheaton, in the 
county of DuPage, and state of Illinois. 

§ 2. A maiority of the corporators herein named may open books 
proceed to open books for subscription to the stock of said fo^' ^'^^'^cription 
corporation ; and shall, at the same tim.e or thereafter, des- 
ignate a time and place for the first election of directors of 
said corporation, by parties subscribing to the stock thereoi; 
and each share of stock so subscribed for shall be entitled to 
one vote. 

§ 3. The capital stock of said corporation shall be Amount _ of 
fifty thousand dollars, with power to increase the same ^^'^'"^'' ^^°'^^^- 
to One hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each, which shares shall be 
deemed personal property, subject to taxation, and shall bo 
transferable on the books of the corporation in accord- 
ance with the rules thereof. 

§ 4. The said corporation shall have power to borrow May borrow 
money and to receive money on deposit, and pay interest ^iveLposits.**" 
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 deemed a month, and twelve months a year — and to 
make such loans payable either within or without this May loan on 
state, and to take such securities therefor, real or per- ^^^^^ ""^ *™^*- 
sonal , or both, as the directors or managers of said cor- 
—15 



114 B^NKS mCOEPORATED, 

poration shall deem sufficient; and may secure tlie same 
by deeds of trust, mortgages, or other securities, either 
within or without thiR state; may buy and sell negotiable 
paper and other securities ; may purchase and sell real 
estate, and shall have the power to convey the same in 
any mode prescribed by ftie by-laws of said 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 the order or direction of any 
court or tribunal, or other legally constituted authority of 
the state of Illinois or ol the United States, or elsewhere; 
may make such special regulations, in reference to trust 
funds or deposits left iov accumulation or safe-keeping, as 
shall be agreed upon with depositors or parties interested, 
for the purpose of accumulating or increasing the same ; 
may issue letters of credit and other commercial obliga- 
tions, not, how^ever, to circulate as money ; and may se- 
cure ^m payment of any loans made to said corporation 
in any way the directors of said corporation may prescribe. 
m^Tndmiws § ^- Married women and minors may, in their own 
may take stock, name, subscribc for stock and deposit money with said 
corporation, and receive certificates of stock and deposits 
in their own names ; which stock and deposits shall be sub- 
ject to their disposal and order only. 
Purchase, hold R (}. The stiiu Corporation shall have power to purchase 

aud convey real « i -t jy A j_ 

estate. and hold such real estate as may be necessary for the trans- 

action of a honafide banking business, and to take and hold 
any real estate, as security for and in payment of loans and 
debts due to the corporation ; and to purchase real and per- 
sonal estate at any sale to enforce its securities or the payment 
of debts due, made by virtue of any process, mortgage or deed 
of trust, and to hold, use, improve, lease or sell and convey 
the same. Said corporation may make, alter and amend 
such by-laws, rules and regulations, for its management, as 
are not inconsistent with the laws of this state or of the 
Kedemption _ United States : Provided^ that any real estate, sold under 

xmde?''dced^*^of deed of trust or other conveyance, held as security by said 

''^"^^- corporation, may be redeemed by the debtor, his, her or 

their heirs or creditors, by the payment of the full amount 
of debt and cost, with ten per cent, interest on same, at any 
time within twelve months after such sale : And, ^rovided^ 
aUo, that no real estate that may become the property of 
said corporation, except such as may be reasonably neces- 
sary for the transaction of a bona fide banking business, 
shall be held by said corporation for a longer period than 
may be reasonably necessary to enable said corporation to 
sell and dispose of the same to advantage. 
Boardordirec- § 7. The busiuess of said corporation shall be con- 

^0^8 ocousisto (j^^g|.gj hy 2i. board of not less than five directors, to be 
elected annually, by the stockholders, who shall hold their 



BANKS — INCORPOEATED. 115 

offices until their successors are elected and qualitied. The 
directors shall be stockholders, and residents of the 
said county. Each share of stock shall be entitled to 
one vote, and may be cast in person or by proxy. The 
board ot directors shall elect a president and cashier ; and 
such other officers and agents may be appointed or em- 
ployed as said corporation or its officers may see proper. 

§ 8. Before said corporation shall commence business, stockholders 
the stockholders shall pay the several amounts subscribed "^^ P^y ^^^ f^"- 
in full, and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock, 

§ 9. Whenever default shall be made in the payment Liability of 
of any debt or liability, contracted by said corporation, the siockUoiders. 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock lield by them, re- 
spectively ; and such liability shall continue until three 
months after an assignment of the stock, and publication 
of a notice thereof in a newspaper published in the said 
county of DuPage, in the state of Illinois. 

§ 10. This act shall be void unless said coi poration shall ^^^^f^ ^^' t° 
organize and proceed to business within two years after the 
passage of this act. 

hnr nf snirl nnrT>nratinn fthnll ho inflohtnd 

of director 



11. 1^0 director of said corporation shall be indebted indebtedness 



to said corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director, in 
his own name, in good faith, as his own. 

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

Appkoved March 30, 1869. 



AN ACT to incorporate the Elgin City Banking Company. lu force^ March 

Section 1. Be it enacted hy the People of the State of 
Illinois, rejjresent'ed in the General Assemhly, That B. corporators. 
F. Lawrence, M. C. Town, A. B. Fish, S. S. Mann, W. L. 
Pease, L. Black, J. TefFt, and all such persons as shall be- 
come stockholders in the corporation hereby created, and 
their successors, shall be a body politic and corporate, by 
the name and style of "The Elgin City Banking Com- Name and style. 
pany ;" and shall have a common seal, which they may 
alter or renew at pleasure ; power to plead or be impleaded 
and defend and be defended in all courts of law and equity ; 



116 BANKS — INCORPOEATED. 

to have and exercise powers incident to corporate bodies. 
Said corporation shall be located in the city of Elgin, in 
the conntj of Kane, and state of Illinois. 
Open books § 2. A majoritj of the corporators herein named may 

t?oii. '"'''''■'^'' proceed to open books for subscription to the stock of 
said corporation, and shall, at the same time, or there- 
after, designate a time and place for the first election of 
directors of said corporation, by parties subscribing to the 
stock thereof; and each share of stock so subscribed for 
shall be entitled to one vote. 
Air-ount of § 3. The Capital stock of said corporation shall be 

enpiiai stock, twcnty-five thousand dollars, with power to increase the 
same to one hundred and filty thousand dollars, and shall 
be divided into shares of one hundred dollars each ; which 
shares shall be deemed personal property, subject to tax- 
ation, and shall be transferable on the books of the corpo- 
ration in accordance with the rules thereof. 
May borrow § ^. The Said Corporation shall have power to borrow 

c^iveLpositsf" money, and to receive money on deposit and pay interest 
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 tine thirty days shall 
be deemed a month, and twelve months a year — and to 
make such loans payable either within or without this State, 
and to take such securities therefor, real or personal, or 
both, as the directors or managers of said corporation shall 
deem sufficient, and may secure the payment of such loans 

deecisrof*tr"[ t° ^^' dccds of trust, mortgages or other securities, either with- 
in or without this state; may buy and sell negotiable paper 
and other securities ; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said 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 the order or direction of any court or tribunal, or 
other legally constituted authority ol 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 
depositors or parties interested, for the purpose of accumu- 
lating or increasing the same ; may issue letters of credit 
and other commercial obligations, not, however, to circulate 
as money ; and niay secure the payment of any loans made 
to said corporation in any way the directors uf said corpo- 
ration may prescribe. 

Mm-iodwomen § 5. Married women and minors may, in their own 

and nnnors may i.-,,. i tt .,''' •,^ '^ 

take stock. "^ name, subscribe icr stock and deposit money with said 
corporation, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be subject 
to their disposal, and order only, 



BANKS IKCOKFOEATED. llT 

§ 6. The said corporation shall have power to purchase May hold and 
and hold such real estate as may be necessary for the trans- tat°e?^ 
action of a hona fide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation ; and to 
purchase real and personal estate, at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpora- 
tion make, alter and amend such by-laws, rules and regu- 
lations, for its management, as are not inconsistent with the 
laws of this state or of the United States. 

§ 7. The business of said corporation shall be conducted Board of direc- 
by a board of not less than five directors, to be elected an- or'Ave" 
nually by the stockholders, who shall hold their offices until 
their successors are elected and qualified. The director?^ 
shall be stockholders, and residents of the said county. Each 
share of stock shall be entitled to one vote, and may be 
cast in person or by proxy. The board of directors shall 
elect a president and cashier; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see proper. 

§ 8. Before said corporation shall coujmeiice business stockholders 
the stockholders shall pay the several amounts subscribed, topayinfuii. 
in full ; and no increase of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shaU not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment of ^^g°^^''^°^'^°^^' 
any debt or liability contracted by said corporation, the * ^^'^" 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, respec- 
tively ; and such liability shall continue until three months 
after an assignment of the stock and publication of a notice 
thereof, in a newspaper pubhshed at said city of Elgin, in 
the county of Kane, and state of Illinois. 

§ 10. This act shall be void unless said corporation shall Act, whenvoid. 
organize and proceed to business within two years after the 
passage of this act. 

§ 11. 1^0 director of said corporation shall be indebted Limit of in- 
to said corporation, either directly or indirectly, at anytime, stockhoid^ers. 
to an amount greater than seventy-five per cent, of the 
amount of the capital stock held by such director, in his 
own name, in good faith, as his own. 

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



118 BANKS INCORPORATED. 



In force March AN ACT to incorporate Enterprise Bank of Cairo. 

31, 1869. 

Section 1. Be it enacted by the People of the 8late of 
Illinois, represented, in the General Assembly, That "Wil- 

corporators. Haui P. Halliday, William H. Green and Alfred B. Safford, 
and their associates and successors, and all such persons as 
eliall become stockholders in the company hereby created, 
shall be a body politic and corporate, by the name and 

Na.jie and stylo, style of "The Enterprise Bank of Cairo," with all the pow- 
ers incident, necessary and useful to corporations; and, as 
such, are authorized to exercise all the powers requisite to 
carry out and execute all the purposes and intents of this 
act; shall have perpetual succession, and a common seal, 
which they may change and alter at pleasure; with power 
to plead and be impleaded in all courts of law and equity ; 
to sue and may be sued ; to contract and be contracted 
with ; to have power to appoint all necessary assistants : 

orgiiuization. Provided, this company shall organize .within five years : 
and, provided, the said company may, at any time, by giv- 
ing four weeks' n( tice in a public newspaper, change its 
corporate name. 
Open i.ooiss § 2. A majority of the corporators hereby named may 

for subscription proceed to Open books for subscrij)tion to the capital stock 
of said corporation, and shall, at the same time, or there- 
after, designate a time and place for the first election of di- 
rectors of said corporation, by persons subscribing to the 
capital stock thereof; and each share of the capital stock 
so subscribed for shall be entitled to one vote. 
Amount of § 3. The Capital stock of said corporation shall be fifty 

capital stock, thousand dollars, with power to increase the same to five 
hundred thousand dollars, to be subscribed aud paid for in 
the manner prescribed by the by-laws to be framed by said 
corporation ; and shall be divided into shares of one hun- 
dred dollars each; which shall be deemed personal proper- 
ty, and shall be transferred on the books of said corpora- 
tion in such manner as its by-laws may prescribe ; and a 
lien is hereby expressly given upon the stock or deposits of 
any person, in any manner indebted to said corporation, 
either as principal, security or otherwise. Each stock- 

liabiuty.'^"^'^"'^' holder in this corporation shall be held individually re- 
sponsible equally and ratably, and not one for another, for 
all contracts, debts and engagements of such corporation, 
to the extent of the amount of their stock therein, at the 
par value thereof, in addition to the amount invested in 
such shares. 
May borrow § 4. This corporatiou shall have power to borrow 

ceive^depoBits*^' ™oney, and to loan money, within or wdthout this state, at 
any rate of interest not exceeding that now or hereafter 
allowed by law to individuals, and to discount according to 
the usage of banks ; to make such loans, payable within or 



BANKS — INOOEPORATED. 119 

without this state, and to take such securities therefor, real 
or personal, or both, as the directors of the corporation 
may deem sufficient, and may secure the payment of such 
loans by mortgage or other securities, either within or 
without the state ; and said corporation shall also have 
power to take and receive any goods, chattels or elfects, of 
any sort or kind, by way of pledge or pawn or collateral 
security, for any loan or indebtedness due or to become 
due to said corporation, 

§ 6. This corporation shall have power to receive, on object, 
deposit or in trust, such sum or sums of money as may 
from, time to time be offered therefor, by merchants, trades- 
m.en, clerks, laborers, servants and others, to be repaid to 
such depositors with or without interest, as may be agreed 
upon between said corporation and said depositor; to buy 
and issue and sell bills of exchange, commercial or bank 
credits, gold and silver coins, bullion, public stocks, uncur- 
rent money or other evidences of indebtedness ; to open 
and keep current drawing accounts and mutual credits with 
its bank or commercial correspondents. 

§ 6. It shall be lawful for this corporation to purchase Maypurchaeo, 
and hold such real estate as may be convenient for the hoid and convey 
transaction of its business, and to take and hold any real ^^'^ 
estate, in trust or otherwise, as security for or in payment 
of any debt or debts due or to become due to the said cor- 
poration; to purchase real estate, at any sale made in vir- 
tue of any loan, debt or mortgage made to or held by said 
corporation, or in which it is in any way interested, and to 
receive and take, in whole or in part satisfaction of any such 
loan or debt, any real estate, and to hold, lease and convey 
the same: l-^rovided, that no real estate that may becpme Real estate may 
the property of this corporation, except as may be reasona- ^e redeemed, 
bly necessary for the transaction of its business, shall -be 
held by said corporation for a longer period than may be 
reasonably necessary to enable said company to sell and 
dispose of the same to advantage : JProvided, cdso, that any 
real estate, sold under deed of trust or other conveyance 
given as security to said corporation, may be redeemed by 
the debtor, his, her or their heirs or creditors, b}^ the pay- 
ment of the full amount of debt and costs, with ten per 
cent, interest on same, at any time within twelve months 
after such sale. 

§ 7. The affairs of the corporation shall be managed by Three directors. 
a board of not less than three directors, who shall be elected 
at such time and place and in such manner as may be pre- 
scribed by the by-laws, and shall hold their office for one 
year and until their successors are elected and qualified. 

§ 8. The directors shall have power to form by-laws for By-iaws, etc. 
the management and control of the affairs of the corpora- 
tion, not inconsistent with the laws of this state and the 



120 BASES — IJSreOKPORATED. 

United States; and shall have the right to declare, divi- 
dends out of the earniTigs of said corporation. 

Mrtrned women § 9. Married womeu and minors may, in their own 

taiJslvck^^^ name, subscribe for stock and deposit money with said cor- 
poration, and receive certificates of stock and of deposits in 
their own names ; -which stock and deposits shall be subject 
to their disposal and order only ; and payment to them 
shall be deemed good and valid in law. 
Acts or officers § l^- ^^^ contracts, and other instruments in writing, 

binding. which may be made or entered into by said corporation, 

shall be subscribed by each officer or officers, agent or 
agents, as shall be authorized by the by-laws of the corpo- 
tion ; and, being so signed, shall be binding upon said cor- 
poration ; and all such contracts and instruments in writing 
may be signed and carried on, without the presence of the 
board of directors, by its officers, assistants and agents. 
Contracts and instruments to which said company may be 
a party shall be valid and binding, with or without the seal 
of said corporation attached. 

Location. § 11. Said Corporation to bo located in Cairo, Alexan- 

der county, Illinois ; and it will be lawful for said corpora- 
tion to commence .business when fifty thousand dollars of 
stock shall have been subscribed, and twenty-five per cent. 
of it paid into the treasury. 
Subject to fn- § ^^' '^^^^ Corporation shall be subject to the provisions 

tuve provisious. of any general law hereafter passed on the subject of bank- 
ing, trust or deposit companies. 

§ 13. This act shall be deemed a public act, of which 
all courts shall officially take notice ; and shall take eifect 
on and after its passage. 
Appeoved March ^1, 1809. 



In force March ^^ -^^'^ *° incorporate the Exchange Banking Institution. • 

26, 1809."' 

Section 1. Be it enacted hj the People of the State of 
Illinois^ represented in the General Assemhly, That AVil- 

corporator-s. b'am F. Tuckcr, Charles C. Bowne}^, J. Edwards Fay, 
Charles "W". Griggs, A. M. Billings, and all such persons as 
shall become stockholders in the corporation hereby crea- 
ted, and their successors, shall be a body politic and corpo- 

Name and style, rate, by the name and style of "The "Exchange Banking 
Institution;" and shall have a common seal, which they 
may alter or renew at pleasure ; power to plead and be im- 
pleaded and defend and be defended in all courts of law 
and equity ; to have and exercise powers incident to corpo- 
rate bodies. Sai^:; corporation shall be located in the city 
of Chicago, in the count}^ of Cook, and state of Ihinois. 



BANKS — INOOEPOEATED. 121 

§ 3. A majority of the corporation lierein named may open books for 
proceed to open books for subscription to the stock of said subscription. 
company, and shall, at the same lime, 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 one Amount of 
hundred thousand dollars, with power to increase the same ^^p'^^' ^^°^^ 
to two hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each ; which shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the books of the corporation in accordance with 
the rules {hereof, 

§ 4. The said corporation shall have power to borrow May borrow 
money, buy and sell bills of exchange and other commercial ^^^^ loan money 

, T ■ '' -i TT . 1 *I1" S^'l bills of 

obligations, loan money and discount notes, m accordance exchange. 
with bank usage; receive money on deposit; and may also 
accept and execute all trusts which may be committed to it 
by any person or by order of any court. Said corporation 
shall confine its business, exclusively, to a commercial and 
exchange banking bnsiuess. 

§ 5. The said corporation shall have power to purchase Mayhoia and 
and hold such real estate as may be necessary for the trans- l°fj^^ ^^^^ ®^" 
action of a bona fide banking business, and to' take and hold 
any real estate as security for and in payment of loans and 
debts due or to become due to the corporation ; and to pur- 
chase real and personal estate at any sale to enforce its se- 
curities or the payment of' debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold or sell 
and convey the same : Provided, that any real estate, sold May loan 
under deed of trust or other conveyance held as security by STra^t°^ ^^^^ 
said corporation, may be redeemed by the debtor, his, her 
or theii" heirs or creditors, by the payment of the full amount 
of debt and costs, with ten per cent, interest on same, at 
any time within twelve months after such sale : And, pro- 
vided, also, that no real estate, except such as may be rea- 
sonably necessary for the transaction of a honifide banking 
business, shall be held by said corporation for a longer 
period than may be reasonabW necessary to enable said 
corponUion to sell and dispose of the same to advantage. 

§ 6. The business of said corporation shall be conducted Five directors. 
by a board of not less than five directors, to be elected an- 
nually by the stock-holders, who shall hold their offices un- 
til their successors are elected and ciualified. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board, of directors 
shall elect a president and cashier ; and sucU other oflicers 
and agents may be appointed or employed, as said corpora-, 
tion or its oflicers m.ay see proper. 



122 BANKS — INCOKPORATED. 

stockhcidera § 7- Before said corporation shall commence business 

to pay In fiiu. ^^^^ stockholders shall pay the several amounts subscribed, 
in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 
Said corporation may make such rules, regulations and by- 
laws as are not inconsistent with the laws of this state or 
of the United States, 
individnai § 8. Whenever default shall be made in the payment 

iioide"J."^'^'^°'^^" of any debt or liability, contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, re- 
spectively ; and such liability shall continue until six 
months after an assignment of tho stock and publication of 
a notice thereof, in a newspaper published at the said city 
of Chicago, in the county of Cook, and state of Illinois. 
Not to be a § 9. l^othing in this act shall be construed as to invest 

saving's bauk. g^-j corporation with power to do the business of a savings 
bank; and the said corporation hereby created is expressly 
prohibited from in any way announcing or advertising itself 
as a savings bank or as receiving savings deposits, and for 
paying interest on deposits, under penalty of forfeiting its 
charter. 

Act, when void. § 10. This act shall be void unless Said Corporation shall 
organize and proceed to business within two years after the 
passage of this act. 

f Indebtedness of § 11. In"o director of Said corporation shall be in- 
''^ ° ■ debted to said corporation, either directly or indirectly, at 
any time, to any amount greater than seveuty-tive per 
centum of the amount of the capital stock held by such di- 
rector, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall 
be in force from and after its passage. 
Approved March 26, 1SG9, 



In force March AN ACT to incorporate the City Bankins' Company, of East St. Louis. 
11, 1869. 

Section 1. Be it enacted hj the Feojple of the State of 
Illinois, rejyresented ill the Greneral Assemhly, That Joseph 

Corporators. Browu, David Ilutcheson, E. Dodge, J. C. IS^oyes, J. W. 
Conlogue, and all such persons as shall become stockhold- 
ers in the corporation hereby created, and their successors, 
shall be a body politic and corporate, by the name and 

Nameandetyie. Style of "The City Banking Company," and shall have a 



BANKS —INCORPORATED. 123 

common seal which they may alter or renew at pleasure; 
power to plead and be impleaded, and defend and be de- 
fended in all courts of law and equity ; to have and exercise 
power incident to corporate bodies. Said corporation shall 
be located in the city of East Sr. Louis, in the county of St. 
Clair, and state of Illinois. 

§ 2. A majority of the corporators herein named may subscription 
proceed to open books for subscription to the stock of said SpSi'etock'- "^^ 
corporation, and shall, at the same time or thereafter, des- 
ignate a time and place for the first election of directors of 
said corporation, 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 corporation phall be capuai stock 
fifty thousand dollars, with power to increase the same 
to one hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each ; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 

§ 4. The said corporation shall have power to borrow ^^ay borrow 

<5 .i 1-i.j -it money and re- 

money and to receive money on deposit, and pay interest ceive depofits. 
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 sliall 
be deemed a month, and twelve months a year — and to 
make such loans payable either within or without this state, 
and to take such securities therefor, real or personal, or 
botn, as the directors or managers of said corporation shall 
deem sufficient, and may secure the payment of such loans, To loau on 

,-,,,' ■' "^ •' . . ',1 mortgages and 

by deecis or trust, mortgages or other securities, eitiier deeds of trust, 
within or without this state ; may buy and sell negotiablre 
paper and other securities ; may purchase and sell real 
estate, and shall have the power to convey the same in any 
mode prescribed by the by-laws of said corporation ; may 
accept and execute alt such trusts, whether fiduciary or oth- 
erwise, as shall or may be committed to it by any person 
or persons, or by the order or direction of any court or tri- 
bunal or other 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 de- 
posits left for accumulation or safe keeping, as shall be 
agreed upon with depositors or parties interested, for the 
purpose of accumulatiuo; or increasino- the same; may issue May issue let- 

\ J.J J- T^ 1 Li • V 1 T J- \. 1 ^ers 01 credit 

letteris ol credit and other commercial obligations, not how- and otiier com- 
ever to circulate as money, and may secure the payment of J^^^^'f^ °^'^'°^' 
any loans made to said corporation, in any way the direc- 
tors of said corporation may prescribe. 

§ 5. Married women and minors may, in their own Married women 
names, subscribe for stock and deposit money with said ta^e^tock! '"^^ 



124: BANKS— IKCOP.POJRATKB. 

corporation, and receive certilicates of stock and deposits 
in their own name; wliicli stock and deposits shall be sub- 
ject to their disposal and order only. 
May hold and § 6. The Said corporation shall have power to purchase 
tateT^^ ""^ ^^' '^"^ "^^^^ ^^^^ ^'^'^^ estate as may be necessary for the transac- 
tion of a bona Jide banking business, and to take and hold 
any real estate as security for and in payment of loans 
and debts due or to become due to the coi'^jorarion ; and to 
purchase real and personal estate, at any sale to enforce 
its securities or the payment of debts due, made by virtue 
of any process, mortgage or deed of trust, and to hold, 
use, improve, lease or sell and convey the same. Said cor- 
poration may make, alter and amend such by-laws, rules and 
regulations for its management as are not inconsistent with 
Eedemption ^^^ ^^'"''^^ '^^ ^l^is State or of the United States : Provided^ 
'^nder^deeV^or '^'^'^' ^'^^ ^^^^ cstate sold Under deed of trust or other con- 
trust, veyance held as security by said corporation, may be re- 
deemed by the debtor, his, her or their heirs or creditors, 
by the payment of the full am.onnt of debt and cost, with 
ten per cent, interest on same, at any time within twelve 
months after such sale: Provided, also, that no real estate 
that may become the property of said corporation, except 
such, as may be reasonably necessary for the transaction of 
its business, shall be held by said corporation for a longer 
period than may be reasonably necessary to enable said 
corporation to sell and dispose of the same to advantage. 
Board of di- § ^- The busiuGss of sald corporation shall be conducted 
mimbcr ^^^^^ ^^^ '^ board of uot less than five directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. Each 
share of stock shall be entitled to one vote, and may be 
cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and sucli other officers and 
agents may be appointed or employed as said corporation 
or its oflicers may see proper. 
stockholders § 8. Before said corporation shall commence business 
to pay up in full. i^^iQ Stockholders shall pay the several amounts subscribed, 
ill full; and no increase of said capital stock shall be made 
at any time, unless the amount thereof shall be paid int© 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation, at the time of the issue of such increased stock, 
stockholders § 9. Whenever default shall be made in the payment 
reBponsibie. ^^^ ^^^ j^l^j. ^^, ijajjility Contracted by said corporation, the 
stockholders shall be held individually responfiible for an 
amount equal to the amount of stock held by them re- 
spectively, and such liability shall continue until throe 
months alter an assignment of the stock and publication of 
a notice thereof, in a newspaper published at the said city 



HANKS — INCORPOSATED. 



125 



of East St. Lonis, in the county of St, Clair, and stato of 
Illiaois. 

§ 10. This act shall be void, unless said corporation Act. when void, 
shall organize and proceed to business within two years 
after the passage of this act. 

S 11. ISTo director of said corporation shall be indebted _, Limit of m- 
to said corporation, either airectly or iLidirectly, at auy diiectore. 
time, to an amount greater than seventy-five per centnm oi' 
the amount of the capital stock held by such director, in 
his own name, in good faith, as his own. 

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

Appkoved March 11, 1869. 



AN ACT to incorporate the Farmers' Esclisnge Bank. in force March 

26, 18G9. 

Section 1. jBe it enacted by the People of the State of 
IllinoiSs rejjvesented. in the General AssemUy, That John corporators. 
Arthur,' J. F. Love, A. C. Connelly, A. J. Hogue, E. B. 
Munsell, and all such persons as shall become stockholders 
in the corporation hereby created, and their successors, 
shall be a body poHtic and corporate, by the name and 
style of " The Farmers' Exchange Bank ;" and shall have Nameaudstyie. 
a common seal, whicli they may alter or renevv^ at pleasure ; 
power to plead and be impleaded, defend and be defended, 
in all courts of law and equity ; to have and exercise pov/er 
incident to corporate bodies. Said corporation shall be 
located in the town of Paris, in the county of Edgar, and 
state of Illinois. 

^ 2. A maioritv of the corporation herein named mav Books to be 

-t 1 •' 1 ;> ■ 1 — , • . i 1 .1 i? "i opened for sub- 

proceed to open books lor subscription to the stock ot said scriptioa. 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for the first election of directors of 
said corporation, by parties subscribing to the stock thereof; 
and each share of stock so subscribed for shall be e!i titled 
to one vote. 

§ 3. The capital stock of said corporation shall be fifty capital stock, 
thousand dollars, with power to increase the same to two 
hundred thousand dollars, and shall be divided into shares 
of one hundred dollars each; which shares shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the books of the corporation in accordance with 
the rules thereof. 

§ 4. The said corporation shall have pov/er to borrow jj^^^ay^.^^^o^^'^^ 
money, and to receive money on deposit, and pay interest deposits. 
thereon ; and to loan money, either within or without this 
state, at any rate of interest not exceeding that now or 



126 BANKS — INCOHPORATED. 

liereafter allowed by law to private individuals ; and to dis- 
count loans — and in computation of time thirty days shall 
be deemed a month, and twelve months a year — and to 
make such loans payable either within or without this 
state ; and to take such securities therefor, real or personal, 
or both, as the directors or managers of said corporation 
May loan on shall deem sufHcicnt ; and may secure the payment of such 
loans by deedij of trust, mortgages or other securities, 
eirher within or without this state ; may buy and sell ne- 
gotiable paper and other securities ; may purchase and sell 
real estate, and shall have the power to convey the same, 
in any mode prescribed by the by-laws of said corporation ; 
ina_y 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 the order or direction of 
any court or tribunal, or other legally constituted authority 
of the state of Illinois or the United States, or elsewhere ; 
Special regii- Hiay make such special regulations in reference to trust 
finT^'aBd^'de- funds or deposits, left for accumulation or safe-keeping, as 
posits. Khali be agreed upon with depositors or parties interested, 

for the purpose of accumulating or increasing the same ; 
may issue letters of credit and other commercial obliga- 
tions, not, however, to circulate as money ; and may secure 
the payment of any loans made to said corporation, in any 
way the directors of said corporation may prescribe. 
Marriedwo- § 5. Married women and minors may, in their own 
may takJstock! name, subscrlbe for stock and deposit money with said cor- 
poration, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be sub- 
ject to their disposal and order only. 
May h(id § 6. The Said corporation sliall liavc powcr to purchase 
citat^'^^'^^'^ ^^^^ ''^^'^ ^*^^^ ^''^^'^ •''®"^ estate as may be necessary for the 
transaction of a bona fide banking business, and to take 
and hold any real estate as security for and in payment of 
loans and debts due or to become due to the corporation, 
and to purchase real and personal estate, at any sale to 
enforce its securities or the payment of debts due, made by 
virtue of any process, mortgage or deed of trust, and to 
May mako, hold, usc, improvc, lease or sell and convey the same. Said 
by-"-I^. "■'^'^^^ corporation may make, alter and amend such by-laws, rules 
and regulations, for its management, as are not inconsistent 
Redemption of with the laws of this State or the United States : Provided, 
lmcieT^'deeds°oi- ^^'^^^ ^"J ^"6^1 cstatc, sold uudcr deed of trust or other con- 
trast, veyance held as security by said corporation, may be 
redeemed by the debtor, his, her or their heirs or creditors, 
by the payment of the full amount of debt and cost, with 
ten per cent, iuterest on same, at any time Vv'ithin twelve 
months after such sale : And, provided, also, that no real 
estate that may become the property of said corporation, 
except such as may be reasonably necessary for the trans- 
action of a hona fid<i banking business, shall be held by 



BAJ^KS — mOORPORATED. 127 

said corporatiuu for a longer period than may bo reason- 
ably necessary to enable said corporation to sell and dis- 
pose of the same to advantage. 

§ 7. The business of said corporation shall be conducted Five directors. 
by a board of not less than five directors, to be elected 
annually by the stockholders, who shall hold their othces 
until their successors are elected and qualified. The di- 
rectors shall be stockholders, and residents of the said 
county. Each share of stock shall be entitled to one vote, 
and may be cast in person or by proxy. The board of 
directors shall eleci a president and cashier; and such other 
officers and agents maj' be appointed or employed as said 
corporation or its officers may see proper. 

§ S. Before said corporation shall commence business, stocki^oidersto 
the stockholders shall pay the several amounts subscribed, P^y^i'i^''^'^'- 
in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; 
and the whole capital stock, including such increase, shall 
not exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock, 

§ 9. Whenever default shall be made in the payment atockhoidera 
of any debt or liability, by said corporation, the stockhold- responsible. 
era shall be held individually responsible for an amount 
equal to the amount of stock held by them, respectively ; 
and such liability shall continue until three months after an 
assignment of the stock, and publication of a notice thereof, 
in a newspaper published at the said town of Paris, in the 
county of 'Edgar, and state of Illinois. 

§ 10. This act shall be void unless said corporation shall When thjs act 
organize and proceed to business within two years after '^^^ ^^ ^°^*^' 
the passage of this act. 

§ 11. No director of said corporation shall be indebted Limit of in- 
to said corporation, either directly or indirectly, at any dSS?s.'' °* 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

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

Approved March 26, 1809. 



AN ACT to incorporate the Farmers' and Mechanics' Bank of Cass county, j^ ^.^^^^ ^ -j 

1, 1869. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That John corporators, 
McHenry, J. M. Epler, George Conover, Philip Borkei, 
Greorge^Virgil, John H. Tourman, Samuel H. Petefish, and 



128 BANKE — mCOKPOKATED, 

all such persons as shall become stockholders in the cor- 
poration hereby created, and their successors, shall be a 

Nameaudsiyi.'. bodj polltic and corporatc, by the name and style of "The 
Farmers' and Mechanics' Bank of Cass County," and shall 
have a common seal, which they may alter or renew at 
plaasure ; power to plead and be impleaded, and defend and 
be defended, in all courts of law and equity ; to have and exer- 
cise powers incident to corporate bodies. Said corporation 
shall be located in the town of Virginia, in the county of Cass. 

openhooksfor § 2- -^ majority of the corporators herein named may 

subscn-iioii. proceed to open books for subscription to the stock of 
said corporation, and shall, at the same time or there- 
after, designate a time and place for the first election of di- 
rectors of said corporation, by parties subscribing to the 
stock thereof; and each share of stock so subscribed for 
shall be entitled to one vote. 

Capital Block. § 3. The Capital stock of said corporation shall be 
twenty- five thousand dollars, with power to increase the same 
w two hundred thousand dollars, and shall be divided into 
shaves of one hundred dollars each ; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
v/ith the rules thereof. 
May borrow § 4. The Said corporatiou shall have povv-er to borrow 

moncv find re- i • t • , i • , i 

ceive deposits, money and receive iuoney on deposit, ana pay interest 
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 
deemed a month, and twelve months a year — and to make 
such loans payable either within or v^dthout this state, and 
to take such securities therefor, real or personal, or both, 
as the managers or directors of said corporation shall deem 
sufficient, :;nd 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 
and other securities ; may purchas-3 and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation ; may accept and 
execute all such trusts, whether fiduciary or otherwise, as 
shall or may be committed toitby anj' person or persons, or 
by the order or direction of any court or tribunal, or other 
legally constituted authority of the state of Illinois or of 
laSoM^f toi°t ^^'^^ United States, or elsewhere ; may make such special 
funds and de- regulations, in reference to trust funds, or deposits left for 
posit3. accumulation or safe-keeping, as shall be agreed upon with 

depositors or parties interested, fur the purpose of accumu- 
Letters of lating 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 



BANKS — INOOEPOEATED. 129 

to said corporation, in any way the directors of said corpo- 
ration may prescribe. 

§ 5. Married women and minors may, in their own Married wo- 
names, subscribe for stock, and deposit money with said Say tKtock! 
corporation, and receive certiiicates of stock and deposits 
in their own names; which stock and deposits shall be 
snbject to their disposal and orders only. 

§ G. The said corporation shall have power to purchase May hold and 
and hold such real estate as may be necessary for the trans- tafe!^^ ^^*' ^*" 
action of a bona fide banking business, and to take and 
hold any real estate, as security for and in payment of loans 
and debts due or to become duo to the corporation, and to 
purchase real and personal estate, at any sale to enforce its 
security or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease, sell and convey the same. . Said corporation ^^^o ^^j^^^^y; 
may make, alter and amend such by-laws, rules and reg- lations. 
ulations for its management, as are not inconsistent with 
the laws of this state. 

§ 7. Thebusinessof said corporation shall be conducted Board efdirec- 
by a board of not less than live directors, to bo elected an- ^^l. °^°^'^ ° 
nualiy by the su;ckholders, who shall hold their ofhces un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and. residents of the said county. Each 
share of stock shall be entitled to one vote, and may be 
cast ill person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation 
or the officers may see proper. 

§ 8. Before said corporation shall commence business, ^ stockholders 

1 1111 1 11 ■'■ 1 1 1 -1 1 to pay ap in fall. 

the stockholders shall pay the several amounts subscribed 

in full ; and no increase of said capital stock shall be made, 

at any time, unless the amount thereof shall be paid into 

said corporation at the time of the issue of such stock; 

and the whole capital stock, including such increase, shall * 

not exceed in amount the actual value of the property of 

said corporation at the time of the issue of such increased 

stock. 

§ 9. Whenever default shall be made in the payment . stockholders' 
of any debt or liability contracted by said corporation, the ^''^^''"^• 
stockholders shall be held individually responsible for an 
amount ec[ual to the amount of stock held by them respec- 
tively, and such liability shall continue until throe months 
after an assignment of the stock, and publication of a no- 
tice thereof, in a newspaper published at the said county 
of Cass. 

§ 10. This act shall be void unless said corporation shall Act, when void. 
organize and proceed t^ business within two years after the 
passage of this act. 

§ 11. No director of said corporation shall be indebted ^''^l^°y'^foc^". 
to said corporation, either directly or indirectly, at any ffier 
—17 



130 BANKS — INCOKPOKATED. 

time, for an amount greater tliaii seveuty-five per centum of 
the amount of the capital stock held by such director, in his 
own name, in good faith, as his own. 

^' 12. This act shalibe deemed a public act, and shall be in 

^\Tien act to ,. - ,. i ,i • t^ i n i i • t 

take effect. torce trom and alter its passage ; and shall be subject to amend- 
ment, and to any general laws of the state of Illinois which 
may be passed on the subject of trust, banking or deposit 
Redemption Companies. It is hereby expressly provided that any real 
uS^deecrS Gstato, sold uudcr deed of trust or other conveyance held 
trust. p8 security by said corporation, may be redeemed by the 

debtor, his, her or their heirs or creditors, by the payment 
of the full amount of debt and costs, with ten per cent, in- 
terest on the same, at any time within twelve months after 
such sale. And it is also provided that no real estate, that 
shall become the property of the corporation hereby cre- 
ated, except such as shall be reasonably necessary for the 
transaction of its business, shal! bo held by said corporation 
for a longer period than may be reasonably necessary for 
said corporation to sell and dispose of the same to ad- 
vantage. 

Appkoved April 1, 1869. 



*° ?ri869*^'*^^ ^^ ^^'^ ^^ incorporate the Farmers' and Mechanics' Bank. 

Section 1. £e it enacted hy the Peojple of the IState of 
Illinois, represented in the General Assembly, That Charles 

Corporators. E. Grant, John B. Colton, Marcus Belden, Alfred Kitchell, 
Andrew S. Hoover, A. C. Clay, E. R. Adams, C. S. Col- 
ton, T. ^ash, H. S. Ilurd, Chnrles Breck^vald, and all such 
persons as shall become stockholders in the corporation 
hereby created, and their successors, shall be a body politic 

Name and style, and Corporate, by tlie name and style of "The Farniers' and 
Mechanics' Bank," and shall have a common seal, which'they 
may alter or renew at pleasure ; power to plead and be 
impleaded, and defend and be defended, in all courts of law 
and equity ; to have and exercise powers incident to corpo- 
rate bodies. Said corporation shall be located in the city 
of Galesburg, in the county of Knox. 
Opening snh- § 2. A maiority of the corporators herein named may 

scnptioii Dooks. ^ T , '' 1 •' T ,. , ^ . . , , , 1 ,1 .1 

proceed to open books tor snoscnption to the stock of said 
corporation, and shall, at the same time, or thereafter, desig- 
nate a time and place for the first election of directors of 
said corporation, by parties subscribing to the stock there- 
of; and each share of stock so subscribed for shall be enti- 
tled to one vote. 
^Ari^uut capital ^ § 3, The Capital stock of said corporation shall be twenty- 
iive thousand dollars, with power to increase the same 



BANKS — mCOKPOEATED. 131 

to two Iiuiidred thousand dollars, and shall be divided into 
shares of one hundred dollars each ; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferred on the books of the corporation in accord- 
ance with the rules thereof. 

^ 4. The said corporation shall have power to borrow Borrowmoney 

'^ ,, ,J T •j--j^ii.i_ and receive de- 

nioney and to receive money on deposit and pay interest there- poats. 
on ; and to loan money, either within or without the state, at 
any rate of interest not exceeding that now or hereafter 
allowed bylaw to private individuals ; and to discount loans 
—and in computation of time thirty days shall be deemed a 
month, and twelve month a year — and to make such loans ' 
payable either within or without this state ; and to take 
such securities therefor, real or personal or both, as the di- 
rectors or managers of said corporation shall deem suffi- 
cient; and may secure the payment of such loans by deeds -^^^^ ^^^^y 
of trust, mortgages or other securities, either within or ou trust deeds, 
without this state ; may buy and sell negotiable paper and. 
other securities, may purchase and sell real estate, and shall 
have power to convey the same in any mode prescribed 
by the by-laws of said corporation ; may accept and exe- 
cute all such trusts, whether liduciary or otherwise, as shall 
or may be committed to it by any person or persons, or by 
the order or direction of any court or tribunal, or other 
legally constituted authority of the state of Illinois or of 
the United States, or elsewhere; may make such special reg- 
ulations, in reference to trust funds or deposits left for accu- 
mulation or safe-keeping, as shall be agreed upon with 
depositors or parties interested, for the purpose of accumu- 
lating or increasing tlie same; may issue letters of credit Letters ofcredit 
and other commercial obligations, not however to circu- morcfa^'obiS- 
late as money ; and may secure the payment of loans made ^^ons. 
to said corporation, in any way the directors of said cor- 
poration may prescribe. 

§ 5. Married, women and minors may, in their own women and 
names, subscribe for stock and deposit money wnth said cor- iakTltock. ^^^ 
poration, and receive certiiicates of stock and deposits in 
their own names ; which stock and deposits shall be subject 
to their disposal and order only, 

§ 6. The said corporation shall. have power to purchase May hold and 
and hold such real estate as may be necessary for tlie ^at'e!^^ ^^^^ ^^' 
transaction of a honafide banking business, and to t;-;ke 
and hold any real estate as security for and in payment of 
loans and debts due and to become due to the corporation, 
and to purchase real and personal estate at any sale to en- 
force its securities or the payment of debts due, made by 
virtue of any process, mortgage or deed of trust, and to 
hold, use, improve, lease or sell and convey the same. Said 
corporation ma,y make, alter and amend such by-laws, rules 
and regulations for its management, as are not inconsistent 
with the laws of this state. 



132 BANKS — INCORPORATED. 

Board of di- § 7. The biisiiiess of sjiitl Corporation slir^.ll i)e couducted 
6isto/fivc. " by a board of not less than live directors, to he cdected an- 
nually by the stockholders, who shall liold their offices 
until their successors are elected and qualified. The direc- 
tors shall be stockholders, and residents of the said connty. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation or 
its ()tlicers may see proper, 
stock to be ^ y. Before said corpor^ition shall commence business, 

paid in full. , 1 . 1 I 1 T 1 1 > ^ . 1 T . , • • 1 

the stockholders shall pay the several amounts subscribed 
in fail ; and no increase of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 
_ stockholders' § 9. Whenever default shall be made in the payment 
liability. Qf- .:^jjy (igijj- QY liability, contracted by said corporation, the 

stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, respec- 
tively ; and such liabilities shall continue until three months 
after an assignment of the stock, and publication of a no- 
tice thereof, in a newspaper published at the said city of 
Galesburg. 
Act, when void. § 10. This act shall be void unless said corporation shall 
organize and proceed to business within two years alter the 
passage of this act. 
Limit of indebt- § 11, ]N[o director of Said corporation shall be indebted 
e^nesso irec- ^^ ^^^^ corporation, either directly or indirectly, at anytime, 
to an amount greater than seventy-five per centum of the 
amount of the capital stock held by such director, in his 
ovv^n name, in good faith, as his own. 
tak?lffecf' ^"^ § ^'^- ^^'^^ '^^^ ^^^^^^ ^® deemed a public act, and shall 
be in force from and after its passage; and shall be subject 
to amendment, and to any general laws of the state of 
Illinois which may be passed on the subject of banking, 
trustor deposit companies. It is hereby expressly provided, 

Redemption of 1 ^ ^ ^ i i i i ^ L- ^ ^ ^ 1, 

property sold that any real estate sold_ under deed ot trust, or other con- 
tm^er deed of y^jyr^QCQ }j^q\^ .^g security by Said corporation, may be re- 
deemed by the debtor, his, her or their heirs or creditors, 
by the payment of the full amount of debt and cost, with ten 
per cent, interest on the same, at any time within twelve 
months afier such sale. And it is also provided, that no 
real estate that shall become the property of the corpora- 
tion hereby created, except such as shall be reasonably 
necessary for the transaction of its business, shall be held 
by said corporation for a longer period than may be reason- 
ably necessary for said corporation to sell and dispose of 
the same to advantage. 

Approved March 31, 1869. 



BANKS — INCORPORATED. l33 



AN ACT to incorporate the Galva Banking Company. In force March 

27, 1SG9. t 

Section 1. £e it enacted hi/ the People of the State of 
Illinois, represented in the General AssemUy, That Hirain corporators. 
Bio-elow, Wm. L. Wiley, K. F. Bailev, J. M. Wiley, A. AV. 
Albro, D. L. Wiley, E. A. Lynd, aiid 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 of " The Galva Banking Company ;" Name and style, 
and shall have a common seal, which they may alter or re- 
new at pleasure ; power to plead and be impleaded, and 
defend and be defended in all courts of law and equity ; to 
have and exercise powers incident to corporate bodies. 
Said corporation shall be located in the town of Galva, in 
the county of Henry, and state of Illinois. 

§ 2. A majority of the corporators herein named may Open books for 

" -, , " 1 "^ 1 ^ 1 ^. ,. , , ^ .•■; subscription. 

proceed to open books for subscription to the stock or said 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for the first election of directors of 
said corporation, by parties subscribing to the stock thereof, 
and each share of stock bo subscribed for shall be entitled 
to one vote, 

§ 3. The capital stock of said corporation shall be fifty t^fg^^^^^^^' '^^^^' 
thousand dollars, with power to increase the same to one 
hundred thousand dollars, and shall be divided into shares 
of one hundred dollars each ; which shares shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the books of the corporation in accordance with 
the rules thereof. 

§ 4. The said corporation shall have power to bon-ow ^^^l^Z^^^P 
money, and to receive money on deposit and pay interest positL''"'^^^ 
thereon, and to loan money, either within or without this 
state, at anyrate of interest not exceeding that now or here- 
after allowed by law to private individuals, and to discount 
loans — and in computation of time thirty days shall bo 
deemed a month, and twelve months a year — and to make 
such loans, pa}- able either within or without this state, and 
to take such securities therefor, real or personal, or both, as 
the directors or managers of said corporation shall deem 
sufiicient, and may secure the payment of snch loans by May loa-^a oe 
deeds of trust, mortgages or other securities, either witlim deeds of trust, 
or without this state ; may buy and sell negotiable pajior, . 
and other securities; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation ; may accept aiid 
execute all such trusts, whether fiduciary or otherwise, as 
shall or may be committed to it by any person or persons 
or by the order or direction of any court or tribunal, or 
other legally constituted authority of the state of Illinois or 
of the United States or elsewhere ; may make such special 



134: BANKS — INCORPORATED. 

regulations, in reference to trust funds or deposits left for 

accumulation or safe keepiufif, as shall be agreed upnii with 

depositors or parties interested, for the yjurpose of accumu- 

Mavisaueie'- ^^^^^"^w ^1' increasing the same; may issue letters of credit 

ters of credit .^j^fi other Commercial obligations, not however to circulate 

and other com- » ' ^ ^ 

meiciai obUga- fls moncy ; and may secure the payment ol any loans made 
to taid corporation, in any way the directors of said corpo- 
ration may prescribe. 
Women and § 5. Married women and minors may, in their own 
J^|?e°£tock. ™^^ name, subscribe for stock and deposit money with said cor- 
poration and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be sub- 
ject to their disposal and order only. 
May hold and § 6. The Said Corporation shall have pov/er to purchase 
convuy jeai es- .^^.^j j^^^j ^^^^^1^ ^,^^1 cstatc as may be necessary for the trans- 
action of a ho?2a Jide ha.nk\ng himness, and to take and 
hold any real estate as securiiy for and in payment of loans 
and debts due or to become due to the corporation, and to 
purchase real and personal estate at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use. 
Alter and improvc, Icase or sell and convey the same. Said corpora- 
amend by-iaws. ^Jqj-^ ^^-y Ynake, alter and amend such by-laws, rules and 
regulations for its management as are not inconsistent with 
Property may tiio laws of thls stato or of the United States: Provided^ 
heiedeemea. .,,j^ ^^^^ estate, sold Under deed of trust or other convey- 
ance held as security by said corporation, may be redeemed 
by the debtor, his, her or their heirs or creditors, by the 
payment of the full amount of debt and costs, with ten per 
cent, interest on same, at any time within twelve months 
after such sale : Provided, also, that no real estate that 
may become the property of this corporation, except such 
as may be reasonably necessary in the transaction of its 
business, shall be held by said corporation for a longer 
period than may be reasonably necessary to enable said 
corporation to cell and dispose of the same to advantage. 
Board of di- § 7. The busiucss of Said Corporation shall be couductcd 
gfs'^t^of'five. '^°"" by a board of not less than live directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation or 
its officers may see proper. 
£*°';!^^??n°" § ^' Before said corporation shall commence business, 
the stockholders shall pay the several amounts subscribed 
in full ; and no increase of said capital stock shall be made 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 



lo pay lu lull. 



BANKS — mCOEPORATED. 135 

the whole capital stock, including sach increase, shall Hot 
exceed in amount the actual value of the propert}^ of said 
corporation at the time of the i"3ue of such increased 
stock. 

9. Whenever default shall be made in the payment Liability of 



Rtocklioldera. 



of any debt or liability contacted by said corporation, th 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, respec- 
tively ; and such liability shall continue until three months 
after an assignment of the stock and publication of a notice 
thereof in a newspaper published at the said town of Galva, 
in the county of Henry, and state of Illinois. 

§ 10. This act shall be void unless said corporation shall Act, when void. 
organize and proceed to business within two years after the 
passaa;e of this act. 

§ 11. jSTo director of said corporation, shall be indebted Limit of in- 
to said corporation, either directly or indirectly, at any time, ^^6^''^^' 
to an amount greater than seventy-tive per centum of the 
amount of the capital stock held by such director, in his 
own name, in good laith, as his own. 

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

Appkoved March 27, 1869. 



AN ACT to incorporate the German Banking Company. in force March 

Section 1. Be it enacted hy the Peojyle of the State of 
llliiiois, represented in the General Assembly. That John corporators. 
A. Huck, F. Jaeger, Levi Eosenfield, C. Wirth, B. Low- 
enthall, Joseph iioelle, M. Brandt, H. luerkle, 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 of " German Banking Name aad style. 
Company;" and shall have a common seal, which they 
may alter or renew at pleasure ; power to plead and be im- 
pleaded, and defend and be defended, in all courts of law 
and equity; to have and exercise powers incident to corpo- 
rate bodies. Said corporation shall be located in the city 
of Chicago, in the county of Cook. 

§ 2. ■ A majority of the corporators herein named may open hecks for 
proceed to open books for subscription to the stock of said ^^^'^^^'p''^^- 
corporation ; and shall, at the same time or thereafter, des- 
ignate a time and place for the first election of directors of 
said company, by parties subscribing to the Btock thereof; 
and each share of stock so subscribed for shall be entitled 
to one vote. 



136 BANIvS INCORPO ATED. 

Capital stock. § 3. TliG Capital stock of said corporation shall be two 
hundred and fifty Ihoueand dollars, with power to increase 
the same to two million dollars, and shall be divided into 
shares of one hundred dollars each ; which shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the books of the corporation in accordance with 
the rules thereof. 
Borrow mouey | 4. Tiio Said Corporation shall have power to borrow mo- 

exchTnge?^''^ "^ tiey, buy and sell bills of exchange and other commercial obli- 
gaiioDS, loan money and discount notes, in accordance with 
bank usage; receive money on deposit ; and may also accept 
aud execute all trusts which may be commitfed to it by 
order of an}" court. Said corporation shall confine its busi- 
ness, exclusively, to a commercial and exchange banking 
business. 
Mayiioid and g 5, Tlic Said corporation shall have power to purchase 

cocwy rea es- _^^^^j ^^^^^ ^^^^^-^ ^,^^^j cstate iis may be necessary for the trans- 
action of a dona Jide banking business ; and to take and 
hold any real estxite as security for and in payment of loans 
and debts due or to become due to said corporation; and 
' to purchase real and personal estate at any sale to enforce 

its securities or the payment of debts due, made by virtue 
of any process, mortgage or deed of trust ; and to hold or 
sell and convey the same. 

Five directors. § 6. The business of said corporation shall be conducted 
by a board of not less than five directors, to bo elected an- 
nually by the stockholders, who shall hold their ofiices until 
their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in ])er6on or by proxy. The board of directors shall 
elect a president and cashier ; and such other ofiicers and 
agents may be appointed or employed as said corporation 
or its ofiicers may see proper, 
stockholders § Y. Before said corporation shall commence business the 

topayinfiiu. ^.^t}j^,^,]q capital stock shall have been subscribed for, and the 
stockholders shall have paid the several amounts subscribed 
stock maybe in fviH ; and uo iucrefise of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 
said Corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased 
stock. Said corporation may make rules, regulations and 
by-laws, not inconsistent with the laws of this state or the 
United States. 
Individual lu § ^- Whenever default shall be made in the payment 

abiiuy of stock- of any debt or liability contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, respec- 
tively ; and such liability shall continue until three months 



BANKS — INCUKPORATED. 137 

after an assignment of the stock, and publication of a notice 
thereof in a newspaper published at the said city of Chi- 
cago. 

§ 9. Nothing in this act shall be construed so as to in- ^ot to be a 
vest said corj)oration with power to do business of a ^^^i^s^ ^*»^'^- 
savings bank ; and the said corporation hereby created 
is expressly prohibited from, in any way, announcing or 
advertising itself as a savings bank, or as receiving savings 
deposits, and from pa_ying interest on deposits, under pen- 
alty of forfeiting its charter. This act shall be subject to 
future amendment. 

§ 10. This act shall be void unless said corporation Act, when void, 
shall organize and proceed to business within two years 
after the passage of this act, 

§ 11. 'No director of Gaid corporation shall be indebted Limit of in- 
to said corporation, either directly or indirectly, at any time, fifi^ctor.^*^ °^ 
to an amount greater than seventy-five per centum of the 
amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall when act t.^ 
be in force from and after its passage. It is expressly pro- ta^e effect, 
vided that any real estate, sold under deed of trust or other 
conveyance held as security by said corporation, may be 
redeemed by the debtor, his, her or their heirs or creditors, 
by the payment of the full amount of debt and costs, with 
ten per cent, interest on the same, at any time within twelve 
months after such sale. It is also provided that no real Redemption 
estate that shall become the property of the corporation of property sold 

I , i 1 . 1^1 it'- under deed or 

iiereby created, except such as may be reasonably neces- trust. 
sary for the transaction of its business, shall be held by 
said corporation for a longer period than may be reasonably 
necessary for said corporation to sell and dispose of the . 
same to advantage. 

Approved March 31, 1869. 



AN ACT to incorporate the Gcrmani.i Bank of Chicajro. In force March 

31, 1S69. 

Section 1. Be it enacted oy the People of the State of 
llhnois, represented m the General AssemUy, That Charles co-oorators 
G-. Bausenbach, Hen-ryNimmie, William Mmmer, Jacob '' 
-Poths, Henry Myer, Adam Fuck, William Metzger, F. 
Busse, 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 of 
"The Germania Bank of Chicago ;" and shall have a com- Name ana style. 
mon seal, which they may alter or renew at pleasure ; power 
to plead and be impleaded, in all courts of law and equity ; 
to have and exercise powers incident to corporate bodies. 
—18 



138 BANKS — INCORPOKATED. 

Said corporation shall bo located in tiie city of Chicao:;o, in 
the connty of Cook. 
Toopenbcobs § 2. A maiority of the corporators herein named may 

for subscription, p^ocoed to Open books of snbecription to the capital stock of 
said corporation, and shall, at the same time or thereafter, 
designate a time and place for the election of directors of 
said company, by parlies subscribincr to the stock there- 
of; and each share of stock so subscribed for shall be enti- 
tled to one vote. 
Capital stocic § 3. The Capital stock of said corporation shall be one 

to be snbBcribed ii|i5-)(jred thousand dollars, -^ith power to increase the game to 
one hundred and fifty thocsand dollars, and shall be divided 
into shares of one hundred dollars each ; which shall be 
deemed personal property, subject to taxation, and shall 
be transferable on the books of the corporation in accord- 
ance with the rules thereof. 
May ^b©rrow § 4. The said corporation shall have power to borrow 

biiisolexchange money, buv and sell bills of exchange and other commer- 
cial obligations ; loan money and discount notes in accord- 
ance with bank usage ; receive money on deposit ; and 
may also accept and execute all trusts which may be com- 
mitted to it by order of any court. Said corporation shall 
confine its business exclusively to a commercial and ex- 
change banking business- 
May hold and § 5- The said corporation shall have power to purchase 

utT*^ ^^^^ ^^ ^^^ ^^°^^ ^^^^ ^^^^ estate as may be necessary for the trans- 
action of a bona jide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation, and to 
purchase real and personal estate, at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold or sell . 
and convey the same. 
Board of di- § 6- The busiucss of Said corporation shall be conducted 

sist^of^fiye '^°°" ^y ^' board of not less than five directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The direc- 
tors f'hall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors shall 
elect a president and cashier; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may sec proper. 
Pnii amsunt § 7. Before said corporation shall commence business, 

%iS ^^ ^^ the whole capital stock shall have been subscribed for, and 
the stockholders shall have paid the several amounts sub- 
scribed, in full ; and no increase of said capital stock shall 
be made at any time, unless the amount thereof shall be 
paid into said corporation at the time of the issue of such 
Increase of Btock ; and the whole capital stock, including such increase, 

capital stock. ^^iSS. Dot exceed in amount the actual value of the property 



ered a saving 
bank. 



BANKS — INOORPOEATED. 139 

of said corporation at the time of the issue of such increased 

stock. Sai^l corporation may make rules, regulations and 
bj-laws for the management of its affairs, not inconsistent 
with the laws of this state or the United States. 

§ 8. Whenever default shall be made in the payment j^g^f ^^g^j^Jfi^^^ 
of any debt or liability, contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them respec- 
tively ; and such liability shall continue until three months 
after an assignment of the stock and publication of a notice 
thereof in a newspaper published at said city of Chicago. 

§ 9. J^-Iothing in this act shall be construed so as to in- Not consid- 
vest said corporation with power to do the business of a 
savings bauk ; and the said corporation hereby created is 
expressly prohibited irom in any manner announcing or ad- 
vertising itself as a savings bank, or as receiving savings 
deposits and from paying interest on deposits, under penal- 
ty of forfeiting its charter. 

§ 10. This act shall be void unless said corporation Act, when void, 
shall organize and proceed to business v/ithin two years 
after the passage of this act. 

8 11. No director of said corporation shall be indebted ^ Limit of mi-ec- 

X -J J.' •!.! T ^1 • J- J.^ L tors' mdebted- 

to eaid corporation, either directly or indirectly, at any r.ess. 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall when tMs act 
be in force from and after its passage. It is hereby provi- s^aii take effect, 
ded that any real estate, sold under deed of trust or other 
conveyance held as security by said corporation, may be property^ 
redeemed by the debtor, his, her or their heirs or creditors, '^'"' 
by the payment of the fall amount of debt and costs, with redeemed. 
ten per cent, interest on the same, at any time within 
twelve months after such sale : Provided, also, that no real 
estate that shall become the property of said corporation 
hereby created, exceot such as may be reasonably necessary 
for the transaction oi its business, shall be held by said cor- 
poration for a longer period than may be reasonably neces- 
sary for said corporation to sell and dispose of the same to 
advantage, 

Afpkoved March 31, 1869. 



AN ACT to incorporate tha Illiaois River Bank. In force March 

31, 1869. 

Section 1. Be it enacted by the People of the State of 
Illinois, rejoresented in the General AssemUy, W. G. corporatsrs. 
McDowell, Joseph B. Chandler, J. 8t. 0. Boal, W. D. 



under de?d of 
be 



140 BANKS — mCOKPORATED. 

Fort, C. T. Eckley, J, B. Martin, W. F. Gappin, Benjamin 
Lombard, 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 

Name and style. Style of " Illinois Eiver Bank ; " and shall have a common 

seal, which they m.ay alter or renew at pleasure ; power to 

plead and be impleaded, and defend and be defended, in all 

courts of law and equity ; to have and exercise powers 

incident to corporate bodies. Said corporation shall- be 

located in the town of Lacon, in the county of Marshall. 

Open books § 2. A majority of the corporators herein named may 

or subscnption pj.Q(,gg(;[ ^q open books for subscription to the stock of said 

corporation, 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. 

Amount of § o. The Capital stock of said corporation shall be fifty 

capital etock. thousand dollars, with power to increase the same to one 
million dollars, and shall be divided into shares of one 
hundred dollars each, which shall be deemed personal 
propert}^, subject to taxation, and shall be transferable on 
the books of said corporation in accordance with the rules 
thereof. 
Borrow money § 4. The Said Corporation shall have power to borrow 

changr^^ ^^' money, buy and sell bills of exchange and other commer- 
cial obligations, loan money and discount notes in accord- 
ance with bank usage, receive money on deposit ; and may 
also accept and execute all trusts which may be committed 
to it by order of any court. Said corporation shall confine 
its business exclusively to a commercial and exchange 
banking business. 
May hold and § 6. The Said Corporation shall have power to purchase 

tate!^^ ^^^^ ^^' ^^^ ^old such real estate as may be necessary for the 
transaction ofahonajide banking business, and to take 
and hold any real estate as security for and in payment of 
loans and debts due or to become due to said corporation, 
and to purchase real and personal estate at any sale to 
enforce its securities, or the payment of debts due, made 
by virtue of any process, mortgage or deed of trust, and . 
to hold or sell and convey the same. 
Board of di- § 6. The busiuess of said corporation shall be conducted 

ef&^oFfive. ^°''" V ^ board of not less than five directors, to be elected 
annually by the stockholders, who shall hold their ofiices 
until their successors are elected and qualified. The 
directors shall be stockholders, and residents of the said 
county. Each share of stock shall be entitled to one vote, 
and may be cast in person or h}^ prosy. The board of 
directors shall elect a president and cashier; and such 
other officers and agents may be appointed or employed 
as said corporation, or its officers may see proper. 



B^NKS — INCOEPOEATED. 141 

§ T. Before eaid corporation shall cominence business, stock to be 
the whole capital stock shall have been Bubseribed for, and ^^^ ^^"' ' 
the stockholders shall have paid the several amounts sub- 
scribed, in full; and no increase of said capital stock shall 
be made, at any time, unless the amount thereof shall be 
paid into said corporation at the time of the issue of such 
stock ; and the whole capital stock, including such increase, 
shall not exceed in amount the actual value of the property 
of said corporation at the time of the issue of such increased 
stock. Said corporation may make rules, regulatioos and By-i>iws, mies 
by-laws, not inconsistent with the laws of this state or the and regulation. 
United States. 

§ 8. Whenever default shall be made in the ]:)ayiuent stockholders' 
of any debt or liability contracted by said corporation, the ^^-'''^''^^y- 
stockholders shall beheld individually responsible for an 
amount equal to the amount of stock, held by them, 
respectively ; and such liability shall continue until tliree 
months after an assignment of the stock, and publication 
of a notice thereof in a newspaper published at the said 
town of Lacon. 

S 9. Nothing in this act shall be construed so as to Not to bo a 

. '-^ , • 1 ° .• •.! ill- i- eavuigs bank. 

invest said corporation with power to do business or a 
savings bank ; and said corporation hereby created is 
expressly prohibited from in any way announcing or ad- 
vertising itself as a savinga bank, or as receiving savings 
deposits, and from paying interest on deposits, under pen- 
alty of forfeiting its charter. This act shall be subject to 
amendment. 

§ 10. This act shall be void unless said corporation Act, when vo:d. 
shall organize and proceed to business within tv/o year.s 
after the passage of this act. 

§ 11. No director of said corporation shall be indebted Directors' ic- 
to said corporation, either directly or indirectly, at any S^^^'"^^^^ "°^" 
time, to an amount greater than seventy-five per centum 
of the amount of the capital stock held by such director, 
in his own name, in good faith, as liis own. 

§ 12. This act shall be deemed a public act, and shall taKffe^?" "^^ 
be in force from and after its passage. It is hereby ex- 
pressly provided that any real estate, sold under deed of 
trust or other conveyance held as security by said corpora- 
tion, may be redeemed by the debtor, his, her or their lieirs Redemption of 
or creditors, by the payment of the full amount of debt f^nX'^/'leearof 
and costs, with ten per cent, interest on the same, at any trust." 
time within twelve months after such sale. And it is 
hereby further provided that no real estate that shall 
become the property of the corporation hereby created, 
except such as may he reasonably necessary for the trans- 
action of its business, shall be held by said corporation for 
a longer period than may be necessary for said corporation 
to sell and dispose of the same to advantage. 

Appeoved March 31, 1869. 



142 BANKS — INCOEPORATED. 



In force March AN ACT to incorporate the Jersey County Bank. 

31, 1Sj9. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ rejyresented in the General Assemhly^ That Wil- 

corporators. liam H. Allen, Henry O. Goodrich, Andrew Jackson, 
Milton D. Robbins and "William Y. Shepherd, and their 
associates and successors, and all such persons a5 shall 
bscome lawfully stockholders in the company hereby ere 
ated, shall become a body politic and corporate, by the 

Name and style, name and style of " The Jersey County Bank ; " and shall 
have succession, a common seal, power to plead and be 
impleaded, to appoint all necessary officers, servants and 
assistants ; and may have and enjoy and exercise all the 
powers necessary to carry out the purposes of this act; 
and the office of the company so created shall be located 
in Jersey county, Illinois. 
Bubecription § 2. A majority of the corporators hereby named may 

to capital stock. p,.Qceed to open books for subscriptions to the capital stock 
of said company, and shall, at the same time, or thereafter, 
designate a time and place for \\\q first election of directors 
of said company by persons subscribing to the capital stock 
ti'.ereof ; and each share of capital stock so subscribed for 
ehall be entitled to one vote : Provided, that it shall not 
be competent for said company to commence business until 
tifteen per cent, in cash is actually paid in on said stock 
subscriptions to the company. 
Amorat of § 3. ^ The capital stock of said company shall be twenty- 

capi a s oc. five thousand dollars, with power to increase the same to 
two hundred,, thousand dollars, to be subscribed and paid 
for in the maanor prescribed by the by-laws to be framed 
by said company; and shall be divided into shares of one 
hundred dollars each, which shall be deemed personal 
property, and shall be transferred on the books of said 
company, in snch manner as its by-laws may prescribe. 
May borrow § 4. Tho Said company shall have power to borrow 

^rT6dep^otit3^' J^'ioney, and receive money on deposit, and to loan money, 
within or without the state, at any rate of interest not 
exceeding that nov*^ or hereafter allowed by law to private 
individuals, and to discount according to usage of banks — 
and in computation of time, thirty days shall bo a month, 
and twelve months a year— and to make such loans ]>aya- 

deed/of^t'rust'.^ blo either wiihin or without the state, and to take such 
securities therefor, real or personal, or both, as the directors 
of the company may deem sufncient, and may secure the 
payment of such loans by deeds of trust, mortgages or 
other securities, either within or without the state, and may 
buy and sell bills, notes, exchange, bonds or other securi- 
ties ; may have or hold bullion and coin ; may accept all 
such trusts, either fiduciary or otherwise, as shall or may 
be committed to it by any person or persons, or by the 



BANKS — mCOBPORATED. 143 

order or direction of any court or tribunal ; may make 
such special regulations in reference to trust funds, or spe- 
cial deposits left for safe keeping, as shall be agreed upon 
with the depositors or parties interested ; may issue letters Letters of 
of credit and other commercial obligations: Provided^ commercKb^ 
that any real estate sold under deed of trust or other con- ligations. 
veyance held as security by said corporation, may be 
redeemed by the payment of the full amount of debt and 
costs, with ten per cent, interest on same, by the debtor, 
his, her or their heirs or creditors, at any time within 
twelve months after such sale. 

§ 5. It shall be lawful for the company hereby incor- May hold and 
porated to purchase and hold such real estate as may be tat^o^^''' ' 
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, or for debts due or to become 
doe to said company, or in which it is interested, and to 
receive or take in satisfaction of any loan or debt, and to 
hold, use, improve and convey the same : Frovided^ that 
no real estate whicli may become the property of the cor- 
poration hereby created, except such as may be reasonably 
necesEary for the transaction of its business, shall be held 
by said corporation for a longer period than may be rea- 
sonably necessary for said corporation to sell or dispose of 
the same to advantage. 

§ 6. The affairs of said company shall be managed by Three direciois. 
a board of not less than three directors, nor more than tea, 
who shall be elected at such time and place as may be pro- 
scribed by the by-laws, and shall hold their office tor one 
yeai, and until their successors are elected and qualified. 

§ 7. The directors shall have a right to form by-laws Tomakeruies 
for the general management and control of the affairs of ^^'^ ^*-'^'®^^™^- 
the company, not inconsistent with the laws of this state 
or the United States, and to declare dividends out of the 
earnings of said company. 

§ b. The stockholders herein mentioned shall be re- stockholders 
sponsible, in their individual property, in double the amount EpoDsiwe^*^ ^^' 
of their stock, to make good all losses to depositors or oth- 
ers ; and no assignment of their stock shall release them 
from such 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 nevvs- 
papei printed in the county where this corporation is doing 
business and located, for the period of two months. 

§ 9. This act shall take effect and be in force from and When rct to 
after its passage, and shall be subject to amendment, and *^^^ ^^®'^'' 
to any future laws that may be passed on the subject of 
banks or trust companies, 

Appeoyed March 31, 1869. 



Opeu books for 
snbecriptiou. 



144 BANKS — INCOEPORATED. 



In force Match AN ACT to incorporate the Kane County Bank. 

31, 1869.' 

Section 1. Be it enacted ly the Feojple of the State of 
Illinois, represented in the General Assembly, That William 
Corporators. H. Hawkins, W. B. Allen, John Yan JSTort^ick, Edward 
R. Allen, J. G. Barr, T. 0. Moore, G. W. Quereau, L. D. 
Brady, 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 
Name and style, style of "The Kane County Bank," and shall have a com- 
mon seal, which they may alter or renew at pleasure ; 
power to plead and be impleaded, and defend and be de- 
lended in all courts of law and equity; to have and exer- 
cise powers incident to corporate bodies. Said corporation 
shall be located in the county of Kane, and the state of 
Illinois. 

§ 2. A majority of the corporators herein named may 
proceed to open books for subscriptions to the stock of said 
corporation, and shall, at the same time, or thereafter, 
designate a time and place for the first election of directors 
of said corporation, 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 corporation shall be one 
hundred thousand dollars ($100,000), with power to in- 
crease the same to two hundred thousand dollars ($200,000), 
and shall be divided into shares of one hundred dollars 
each, which shares shall be deemed personal property, sub- 
ject to taxation, and shall be transferable on the books of 
the corporation in accordance with the rules thereof. 
May borrow § 4. The Said Corporation shall have power to borrow 
Teive Vposits^' "i^^^ey and to receive money on deposit, and pay interest 
t hereon ; and to loan money, either within or without this 
state, at any rate of interest not exceeding that now or 
hereafter allowed by laws to private individuals ; and to 
discount loans — and in computation of time thirty days 
shall be deemed a month, and twelve months a year — and 
to make such loans payable either within or without this 
state, and to take securities therefor, real or personal, or 
both, as the directors or managers of said corporation shall 
deem sufficient, and may secure the payment of such loans 
May loan on by deeds of trust, mortgages or other securities, either 
deeds of tinst. ^yitliin or witliout this state ; may buy and sell negotiable 
paper and other securities; may purchase and sell real 
estate, and shall have the power to convey the same in any 
mode prescribed by the by-laws of said corporation : may 
accept and execute all such trusts, whether fiduciary or 
otherwise, as shall or may be committed to it by any per- 
son or persons, or by the order or direction of any court or 
tribunal, or other legally' constituted authority of the state 



BANKS— INCORPOSATED, 14:5 

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 keepiDg, as shall be 
agreed upon with depositors or parties interested, for the 
purpose of accumulating or increasing the same ; may issue 
letters of credit and other commercial obhgations, not, how- 
ever, to circulate as money; and may secure the payment 
of any loans made to said corporation in any way the 
directors of said corporation may prescribe. 

§ 5. Married women and minors may, in their own Mamed wo- 
names, subscribe for stock and deposit money with _ said ^^y fKS 
corporation, and receive certificates of stock and deposits in 
their own names, which stock and deposits shall be subject 
to their disposal and orders only. 

§ 6. The said corporation shall have power to purchase Mayho'd and 
and hold such real estate as may be necessary for the 1°^^''^ '^^^ ^" 
transaction of a lonafide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation,^ and to 
purchase real and personal estate at any sale to enforce its^ 
securities, or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpo- 
ration may make, alter and amend such by-laws, rules and 
regulations for its management as are not inconsistent with 
the laws of this state. 

§ 7. The business of said corporation shall be conducted toSTJSlt" of 
by a board of not less than five directors, to be elected an- Ave. 
nually by the stockholders, who sball hold their offices until 
their successors are elected and qualified. The directors 
shall be stockholders, and residents of said county. Each 
share of stock shall be entitled to one vote, and may be 
cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other ofiicers and 
agents may be appointed or employed as said corporation 
or its officers may see proper. 

§ 8. Before said corporation shall commence business, stockiioiderE 
the stockholders shall pay the several amounts subscribed ^^^^^ 
in full, and no increase of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 
said corporatiion at the time of the issue of such stock; and 
the whole capital stock, includiug such increase, shall not ex- 
ceed in amount the actual value of the property of said cor- 
poration at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment ^J^^^J^g^^^^! 
of any debt or liability, contracted by said corporation, the dmSy- ' 
stockholders shall be held individually responsible for an 
amount equal to the amonnt of stock held by them respect- 
ively, and such liabilities shall continue three mouths after 
an assignment of the stock and publication of a notice thereof 
in a newspaper published in the said countv of Kane. 
—19 



146 BANKS — INCOEPORATED. 

When act to § 10. Tliis Rct sliall he void unless said corporation shall 
devoid. organize and proceed to business writhin two years after the 

passae^e of this act. 
Limitcfdirec- § H- ^o director of Said corporation shall be indebted 
ness' ^°^®^^^'^' to said corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director, in 
his own name, in good faith, as his own. 
When act lo § 12. Tliis act shall be deemed a public act, and shall be 
takeeflect. j^^ forcc from and after its passage, and shall be subject to 
future amendments and to any general law which may 
hereafter be passed on the subject of banking, trust or de- 
posit companies. It is hereby expressly provided that 
Redemption of any real estate, sold under deed of trust or other con- 
undefd'ce^drof ^'syance held as security by said corporation, may be 
trust. redeemed by the debtor, his, her or their heirs or creditors, 

by the payment of the full amount of debt and costs, with 
ten per cent, interest on the same, at any time within 
twelve months after such sale. And it is also provided that 
no real estate that shall become the property of the corpo- 
ration hereby created, except such as shall be reasonably 
necessary for the transaction of its business, shall be held by 
said corporation for a longer period than may be reasonably 
necessary for said corporation to sell and dispose of the 
same to advantage. 

Appeoved March 31, 1869. 



In force March AX ACT to incorporate the Kankakee Bank. 

20, 1S09. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General AsseinUy, That James 
X Corporator?. McGrcw, Isaac IST. Dickson, Samuel C. Kenaga, Warren 
E. Hickox, Samuel N. Hathaway, James M. Ferry and 
Thomas P. Bonfield, 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, name and Style of "The Kankakee Bank;" and shall 
have a common seal, which they may alter or renew at 
pleasure; power to plead and be impleaded and defend and 
be defended in all courts of law and equity ; to have and 
exercise powers incident to corporate bodies. Said corpo- 
ration shall be located in the city of Kanljakee, in the 
county of Kankakee, and slate of Illinois. 
Open hooks for § 2. A majority of tlie corporators herein named may 

eubecriptiou. proceed to opeu books for subscription to the stock of said 
corporation, and shall, at the same time, or thereafter, des- 
ignate a time and place for the first election of directors of 



BANKS — mCOEPOKATED. 14T 

said corporation, by parties subscribinsj to tlie stock thereof; 
and each share of stock so subscribed for shall be entitled 
to one vote. 

§ 3. The capital stock of said corporation shall be twen- Amonnt capi- 
ty-ii^e thousand dollars, with power to increase the same *^^ ^'°'^'''* 
to five hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each ; which share shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 

§ 4. The said corporation shall have power to borrow May borrow 
money and to receive money on deposit, and pay interest ^eivl^deposits!' 
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 deemed a month, and twelve months a year — and to 
make such loans payable either within or without this state, deedJoArust.^ 
and to take such securities therefor, real or persona], or 
both, as the directors or managers of said corporation shall 
deem sufiicient, 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 and other securities ; may purchase and sell real 
estate, and shall have the power to convey the same in any 
mode prescribed by the by-laws of said corporation ; may 
accept and execute all such trusts, whether fiduciary or 
otherwise, as shall or may be committed to it by any per- 
son or persons, or by the order or direction of any court or 
tribunal, or other legally constituted authority of the state 
of Illinois or of the United States, or elsewhere ; may 
make such special regulations, in reference to trust fund's - 
or deposits left for accumulation or safe-keeping, as shall * 
be agreed upon with depositors or parties interested for the 
purpose of accumulating or increasing the same ; may issue May issue let- 
letters of credit and other commercial obligations, not, how- ila otLr*^com- 
ever, to circulate as money, and may secure the payment ^'o^g^'''' obuga- 
of any loans made to said corporation in any way the di- 
rectors of said corporation may prescribe, 

§ 5. Married women and minors may, in their own Minors ana 
name, subscribe for stock and deposit money with said mamed womec 

,• 1 . .•,•. ^ 1^ , 1 11 ., • may take stock. 

corporation, and receive certificates o± stock and deposits m 
their ov,m names ; which stock and deposits shall be subject 
to their disposal and order only. 

§ G. The said corporation shall have power to purchase May purchase 
and hold such real estate as may be necessary for the trans- afeS.^^'"""" 
action of a bona fide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation ; and to 
purchase real and personal estate, at any sale to enforce its 
securities or the payment of debts due, made by virtue of 



148 BANKS — INCORPORATED, 

any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpora- 

By-iawe, rules tlon may make, alter and amend such by-laws, rules and 

and r&-niations. pQjy-,j]ations for its management as are not inconsistent with 
the laws of this state or the United States : Provided^ 
that any real estate, sold under deed of trust or other con- 
veyance held as security by said corporation, may be re- 
deemed by the debtor, his, her or their heirs or creditors, 
by the payment of the full amount of debt and costs, with 
ten per cent, interest on same, at any time within twelve 
months after such sale : And^ ^^rovided^ also^ that no real 
estate that may become the property of said corporation, 
except snob as may be necessary in the transaction of a 
hona fide banking business, shall be held by said corpora- 
tion for a longer period than may be reasonably necessary 
to enable said corporation to sell and dispose of the same 
to advantage. 

Five direccors. § "7. The busiuess of said corporation shall be conduct- 
ed by a board of not less than five directors, to be elected 
annually by the stockholders, who shall hold their offices 
until their successors are elected and qualified. The direc- 
tors shall be stocis holders, and residents of the said county. 
Each share of stock shall be entitled to one vote, which 
may be cast in person or by proxy. The board of direc- 
tors shall elect a president and cashier; and such other 
officers and agents may be appointed or employed as said 
corporation or its officers may see proper, 
stockholders § 8. Before said corporation shall commence business 

topayinfnii. ^\^q Stockholders shall pay the several amounts subscribed, 
in full ; and no increase of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of euch increased 
stock. 

. stockholders' § 9. Whenever default shall be made in the payment 

iiabiuty. ^^ ^^y ^^^^^ ^^ liability contracted by said corporation, the 

stockholders shall be held individually responsible for an 
amount of stock held by them, respectively ; and such lia- 
bility shall continue until three months after an assign- 
ment of the stock and publication of a notice thereof, in a 
newspaper published at the said city of Kankakee, in the 
county of Kankakee, and state of lUinois. 
When act to § 10. This act shall be void unless said corporation 

bo void. gij^u organize and proceed to business within two years 

after the passage of this act. 
Limitofdirec. § 11. J!^o director of said corporation shall be indebted 

S. ^'^®^*®'^* to said corporation 3 either directly or indirectly, at any time, 
to an amount gre ^ter than seventy-fivo per centum of the 



BANKS — INCORPOKATED. 140 

amount of the capital stock lield by such director in his own 
name, in good faith, as his own. 

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

Appkoved March 26, 1S69. 



AN ACT to incorporate the Kendall County Banking Companv. In force March 

Section 1. J^e it enacted by the Feople of the State of 
Illinois, represented in the General Assembly, That Warren corporatcrs. 
M. Sweetland, John A. Coy, 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 of "The Kendall County Banking Company," Name and style. 
and shall have a common seal, which they may alter or re- 
new at pleasure; power to plead and bo impleaded, defend 
and be defended, in all courts of law and equity ; to have 
and exercise powers incident to corporate bodieB. Said cor- 
poration shall be located in the county of Kendall, and 
state of Illinois. 

§ 2. A majority of the corporators herein named may ^^^ ^^^Inbacrlp- 
proceed to open books for subscription to the stock of said tion. 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for the first election of directors of 
said corporation, 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 corporation shall be fifty Amount of 
thousand dollars, with power to increase the same to one "^^^^'^^ ^^°^^- 
hundred and fifty thousand dollars, and shall be divided 
into shares of one hundred dollars each, which shares shall 
be deemed personal property, subject to taxation, and shall 
be transferable on the books of the corporationHn accord- 
ance with the rules thereof 

S 4. The said corporation shall have power to borrow ^^^y borrow 

'^ -. , .1 ^ -y 3 • . money and re- 

money, and to receive money on deposit, and pay inter- ceive deposits, 
est 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 bo 
deemed a month, and twelve months a year — and to make 
such loans payable either within or without this state ; and 
to take such securities therefor, real, personal or both, as 
the directors or managers of said corporation shall deem 
sufficient ; and may secure the payment of such loans by May loan on 
deeds of trust, mortgages or other securities, either within ^^'^^^ °' *^^'" 
or without this state ; may buy and sell negotiable paper 



160 BANKS — ^INOOEPOEATED. 

and other securities ; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said 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 
the order or direction of any court or tribunal, or other le- 
jcrally constituted authority of the state of Illinois or of the 
United States, or elsewhere ; may make sucli special regula- 
tions in reference to trust funds or deposits left for accumula- 
tion or safe-keeping, as shall be agreed upon with depositors 
or parties interested, for the purpose of accumulating or iu- 

Lcueiir of credit creasing 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 cor- 
poration, in any way the directors of said corporation may 
prescribe. 

Marriedwomeu § ^- Married womeu and minors may, in their own 

f °ke"tock! "^^^ name, subscribe for stock, and deposit money with said cor- 
poration, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be subject 
to their disposal and order only. 
May hold and § 6. The Said Corporation shall have power to purchase 

convoy real cs- ^^^ ^^^^^ ^^^^-^ ^.^^l estate as may be necessary for the trans- 
action of a bo?ia fide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts, due or to become due to the corporation ; and 
to purchase real and personal estate, at any sale to enforce 
its securities or the payment of debts due, made by virtue 
of any process, mortgagoor deed of trust; and to hold, use, 
To alter and improvo, IcasG or soll and convey the same. Said corpora- 

w-'iaws'^'^^ ^""^ ^^'-*^^ "^^y ^^^'"^^^^5 alter and amend such by-lav.-s, rules and 
regulations, as are not inconsistent with the laws of this 
state or the United States: Provided^ that any real estate, 
sold under deed of trust or other conveyance held as secu- 
rity by said corporation, may be redeemed by the debtor, 
his, her or their heirs or creditors, by the payment of the 
full amount of debt and cost, with ten per cent, interest on 
same, at any time within tv,'elve months after such sale. 
And^'pTomded^ also^ that no real estate which may become 
the property of said corporation, except such as may be 
reasonably necessary in the transaction of a bona fide bank- 
ing business, shall be held by said corjDoration for a longer 
period than may be reasonably necessary to enable said 
corporation to sell and dispose of the same to advantage. 
Board of direc § 7. The busiuess of Said corporation shall be conducted 

of five" '^°'^^'^* by a board of not less than five directors, to be elected an- 
nually by the stockholders, who shall hold their oflices un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors 



BANKS — mCOEPOEATEB. 151 

slial] elect a president and cashier ; and such other officers 
and agents may be appointed or employed as said corpora- 
tion or its officers may see proper. 

§ 8, Before said corporation shall commence business, stockholders 
the stockholders shall pay the several amounts subscribed, to pay in fuii. 
in full; and no increase of said capital stock shall be made 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall n;;t 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment _ stockholders' 
of any debt or liability, contracted by said corporation, the ^^*'^^^^*'y- 
stockholders shall be held individually responsible for an 
amount equal to the umount of stock held by them res- 
pectively; and such liability shall continue until three 
months after an assignment of the stock, and publication of 

a notice thereof in a newspaper published at the said 

of . ., in the county of Kendall, and state of Illinois. 

§ 10. This act shall be void unless said corporation Bhall Act, wbenvoid. 
organize and proceed to business within two years after the 
passage of this act. 

§ 11. No director of said corporation shall be indebted Limit of in- 
to said corporation, either directly or indirectly, at any time, etockhofders. '^^ 
to an amount greater than seventy-five per centum of the 
amount of the capital stock held by such director, in his 
own name, in good faith, as his own. 

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

Approved March 29, 1869. 



AN ACT to incorporate the Lacon Bank. la force March 

31, 1869, 

Section 1. J^e it enacted hy the Peo])le of the State of 
Illinois, rep7'esented in the General Assemhkj, That Wash- corporators. 
ington F. Gapin, W. D. Fort, James St. C. Boal, and all 
such persons as shall become stockholders in the corpora- 
tion hereby created, and their successors, shall be a body 
politic and coporate, by the name and style of "'The Lacon Name and etyie. 
Bank," and shall have a common seal, which they may al- 
ter or renew at pleasure ; power to plead and be impleaded, 
and defend and be defended, in all courts of law and equity ; 
to have and exercise powers incident to corporate bodies. 
Said corporation shall be located in the town of Lacon, in 
the county of Marshall. 

§ 2, A majority of the corporators herein named may open^ i^ooks 
proceed to open books for Bubscription to the stock of said ""^^^ ^'^ ^ °° 



152 BANKS — INCORPOEATED. 

corporation, and shall, at the same time or thereafter, des- 
ignate a time and place for the first election of directors of 
said corporation, by parties subscribing to the stock thereof; 
and each share of stock so subscribed for shall be entitled 
to one vote. 
Amount of § 3. The Capital stock of said corporation shall bo fifty 

capital stock, thousand dollars, with power to increase the same to one 
hundred thousand dollars, and shall be divided into shares 
of one hundred dollars each ; which shares shall be deemed 
personal property, subject to taxation, and shall bo trans- 
ferable on the books of the corporation in accordance with 
the rules thereof. 
May borrow § 4-. The Said corporation shall have power to borrov/ 

TOive^epoBits.^' money, and to receive money on deposit, and pay interest 
thereon; and to loan money, either within or without this 
state, at any rate of interest not exceeding that now or here- 
after allowed by law to private individuals ; and to discount 
loans — and in computation of time thirty days shall be 
deemed a month, and twelve months a year — and to make 
such loans payable either within or without this state, and 
to take such securities therefor, real or personal or both, as 
the directors or managers of said corporation shall deem 
sufficient, 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 
May loan on ^^'^ Other Securities ; may purchase and sell real estate, and 

ie€dB of trust, shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation ; may accept 
and execute all such trusts, whether fiduciary or otherwise, 
as shall or may be committed to it by any person or per- 
sons, or by the order or direction of any court or tribunal, 
or other legally constituted authority of the state of Illi- 
nois or of the United States, or elsewhere; may make 
such special regulations, in reference to trust funds or de- 
posits left for accumulation or safe-keeping, as shall be 
agreed upon with depositors or parties interested, for the 

Letters of credif. purposo of accumuktiug or increasing the same ; may issue 
letters of credit and other commercial obligation, not however 
to circulate as money ; and may secure the payment of any 
loans, made to said corporation, in any way the directors of 
said corporation may prescribe. 
Married wo- § ^- Married women and minors may, in their own 

mrtake'stock ^^"^^^ Subscribe for stock and deposit money with said cor- 

' poration, and receive certificates ,of stock and deposit in 

their own names ; which stock and deposit shall be subject 

to their disposal and orders only. 

Ptirchaschoid § ^' The Said corporation shall have power to purchase 

|nd convey real and hold Buch real estate as may be necessary for the trans- 
action of a bo7ia fide banking business, and to take and 
hold any real estate, as security for and in payment of loans 
and debts due or to become due to the corporation; and to 



Board of direc- 
tors to consist of 
flye. 



BANKS — INCOEPOEA.TED. 153 

purchase real and personal estate at any sale to enforce its 
secnrilies or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpor- 
ation may make, alter and amend such by-lavv's, rules and 
regulations, for its mange ment, as are not inconsistent with 
the laws of this state. 

§ 7. The business of said corporation shall be conducted 
by a board of not less than Hve directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of direc- 
tors shall eletit a president and cashier ; and such other offi- 
cers and agents may be appointed or employed as said cor- 
poration or its officers may see proper. 

§ 8. Before said cori)oration shall commence business stockholders 
the stockholders shall pay the several amounts subscribed, topayinfuu. 
in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment Liability of" 
of any debt or liability, contracted bj'' said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, re- 
spectively ; and such, liability shall continue until three 
months after an assignment of the stock, and publication 
of a notice thereof, in a newspaper published at the said 
town of Lacon. 

§ 10. This act shall be null and void unless said corpor- wiien act to 
ation shall organize and proceed to business within two '^°^°"^' 
years after the passage of this act. 

§ 11. ^0 director of said corporation shall be indebted oSctof."''' 
to said corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall be , when act to 

• i> p 1 ,. . ^ 1 1 11 1 1 • takeeilect. 

m lorce irom and alter its passage; and shall be subject to 
future amendment, and to any general laws which may be 
passed by the state of Illinois on the subject of banking, 
trust or deposit companies. And it is expressly provided 
that any real estate, sold under deed of trust or other con- Kedemption 

111 • i 1 .1 , • 1 of property sola 

veyance held as security by said corporation, may be re- under deed of 
deemed by the debtor, his, her or their heirs or creditors, by ^^^^^^' 
the payment of the full amount of debt and costs, with ten 
per cent, interest on the same, at any time within twelve 
—20 



154: BANKS — INCORPORATED. 

months after such sale. And it is also provided that no 
real estate that shall become the property of the corpora- 
tion hereby created, except such as shall be reasonably ne- 
cessary for the transaction of its business, shall be held by 
said corporation for a longer period than may be reasona- 
bly necessary for said corporation to sell and dispose of the 
same to advantage. 

AprEovED March 31, 1S69. 



In force April AN ACT to incorporate the Lebanon Bank. 

19, 1869. 

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

coiporafors. Berger, Joscph Miller, Robert Allyn^ F. A. Eeuss, William 
Ilenrickscholen, and Wm. C. L. Liggett, and all such per- 
sons as shall become stockholders in the corporation hereby 
created, and their successors, shall be a body politic and 

Name and style. Corporate, by the name and style of "The Lebanon Bank;" 
and shall have a common seal, which they may alter or re- 
new at pleasure ; power to plead and be impleaded, and 
defend and be defended, in all courts of law and equity ; 
to have and exercise powers incident to corporate bodies. 
Said corporation shall be located in the town of Lebanon, 
in the county of St. Clair. 

-^ Open booirs § 2. A majority of the corporators herein named may 

foreubscription proceed to opcu books for subscription to the stock of said 
corporation, and shall, at the same time or thereafter, 
designate a time and place for the first election of directors 
of said corporation, by parties subscribing to the stock 
thereof; and each share of stock so subscribed for shall be 
entitled to one vote. 
Amount of § 3. The Capital stock of said corporation shall be fifty 

capital stock, thousand dollars, with power to increase the same to two 
hundred thousand dollars, and shall be divided into shares 
of one hundred dollars each ; which shares shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferred on the books of the corporation in accordance with 
the rules thereof. 
May borrow § 4. The Said Corporation sliali have pov/er to borrow 

money and re- i . ^ i ., ' i • . . 

ceive deposits, money, and receive money on deposit, and pay interest 
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 deemed a montli, and twelve months a year — and to 
make such loans payable either within or without this state ; 
and to take such S'icurities therefor, real or personal, or 



BANKS — INCOilPOEATED. 155 

both, as the directors or managers of said corporation shall 
deem sufficient, and may secure the payment of such loans 
by deeds of trust, mortgages or other securities, either May loan 
within or without this state; may buy and sell negotiable ^ArMt!"" "^^^"^ 
paper, and other securities ; may purchase and sell real 
estate, and shall have the power to convey the same in any 
mode prescribed by the by-laws of said corporation ; may 
accept and execute all such trusts, whether fiduciary or 
otherwise, as shall or may be committed to it by any per- 
son or persons, or by the order or direction of any court or 
tribunal, or other 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 depositors or parties interested, for the 
purpose of accumulating or increasing the' same: may issue ^ May issue let- 
letters ot credit and other commercial obligations, not and other coir- 
however to circulate as money ; and may secure the pay- ^^^g^^ owiga- 
meut of any loans made to said corporation in any way 
the directors of said corporation may prescribe. 

S 5. Married women and minors may, in their own Married wo- 

"^ 1 -u f ^ ^ 1 T -1. -iLi -J men and minors 

names, subscribe lor stock ana aeposit money with said may take stock. 
corporation, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be sub- 
ject to their disposal and orders only, 

§ 6. The said corporation shall have power to purchase g^f convex ^e'^l 
and hold such real estate as may be necessary for the estate, 
transaction of a bona fide banking business, and to take 
and hold any real estate, as security for and in payment of 
loans and debts due or to become due to the corporation; 
and to purchase real and personal estate, at any sale to 
enforce its securities or the payment of debts due, made 
by virtue of any process, mortgage or deed of trust, and 
hold, improve, lease or sell and convey the same. Said 
corporation may make, alter and amend such by-laws, rules 
and regulations, for its management, as are not inconsist- 
ent with the laws of this state. 

§ 7. The business of said corporation shall be conducted ^^^^:^^ ^\\3^x 
by a board of not less than five directors, to be elected mimblr. 
annually by the stockholders, who shall hold their offices 
until their successors are elected and qualified. The direc- 
tors shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors 
shall elect a president and cashier; and such other officers 
and agents niay be appointed or employed as said corpora- 
tion or its officers may see proper. 

§ 8. Before said corporation shall commence business stockholders 
the stockholders shall pay the several amounts subscribed, t^P^y^P'^^"^' 
in full ; and no increase of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 



stockholders 
responsible . 



156 BANKS — INCCKPOKATED. 

said corporation at the time ot" the issue of such stock ; 
and the whole capital stock, inchiuinc: such increase, shall 
not exceed in amount the actual value of the property of 
said corporation at the time of the issue of such increased 
stock. 

§ 9. Whenever default shall be made in the payment 
of any debt or liability, contracted by said corporation, the 
stockholders shall l^e held individually responsible for an 
amount equal to the amount of stock held by them, 
respectively ; and such liability shall continue until three 
mouths after an assignment of the stock, and publication 
of a notice thereof, in a newspaper published at the said 
county of Saint Clair. 

Act when void. § ^^- '^^^^ ^ct shall bs void uuless said corporation 
shall organize and proceed to business within two years 
after the passage of this act. 
Limit of in- § H- ^^ director of said corporation shall be indebted 

d?eSf ^ ^^ ^^ ^^^'-^ corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall 
be in force from and after its passage. 
Appeoved A{3ril 19, 1869. 



In force March 
25, 1809. 



AN ACT to incorporate the Litchfield Bank. 



Corporators. 



Name and stj'le. 



Section 1. Be it enacted ly the Feoj^le of the State of 
Illinois, represented in the General AssemUy, That Eichard 
W. O'Bannon, W. S. Palmer, Wesley Best, H. H. Beach, 
James "W. Jeffries, William Simpson, John P. Davis, Wm. 
Weigraff, David O. Littlemire, T. Shore, Daniel P. Bro- 
kaw, P. B. Updike, W. C. Davis, and all such persons as 
shall become stockholders in the corporation hereby cre- 
ated, and their successors, shall be a body politic and cor- 
porate, by the name and style of "The Litchfield Bank; " 
and shall have a common seal, which they may alter or 
renew at pleasure; power to plead or be impleaded, and 
defend and be defended, in all courts of law and equity ; 
to have and exercise powers incident to corporate bodies. 
Said corporation shall be located in the town of Litchfield, 
in the county of Montgomery, and state of Illinois, 
suhscription § 2. A iiiajority of the corporators herein named may 

' """'^ proceed to open books for subscription to the stock of said 

corporation, and shall, at the same time, or thereafter, 
designate a time and ])lace for the first election of directors 
of said corporation, by parties subscribing to the stock 



books opened to 
capital stock. 



BANES — INCOKPOKATED. 157 

thereof; and each share of stock ao subscribed for shall bo 
entitled to one vote. 

§ 3. The capital stock of said corporation shall be capital s^ck. 
twenty-five thousand dollars, with power to increase the 
same to one hundred thousand, dollars, and shall be divided 
into shares of one hundred dollars each ; which shares 
shall be deemed personal property, subject to taxation, and 
shall be transferable on the books of the corporation in 
accordance with the rules thereof. 

§ 4. The said corporation shall have power to borrow May borrow 
money, and to receive money on deposit and pay interest ^°ve^dep'oMtr 
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 
discount loans — and in computation of time, thirty days 
shall be deemed a month, and twelve months a year — and 
to make such loans payable either within or without this 
state, and to take such securities therefor, real or personal, 
or both, as the directors or managers of said corporation 
shall deem sufficient; and may secure the payment of sach to loan on 
loans by deeds of trust, mortgages or other securities, either dl*^dlofTru8f '^ 
within or without this state ; may buy and sell negotiable 
paper and other securities; may purchase and sell real 
estate : Frovided, hoiaevei\ said corporation shall not at 
any one time hold real estate exceeding fifty thousand dol- 
lars in value ; and shall have the power to convey the same, 
in any mode prescribed by the by-laws of said corporation ; 
may accept and execute ail such trusts, whether fiduciary 
or otherwise, as shall or may be committed to it by any 
person or persons, or by the order or direction of any court 
or tribunal, or other legally constituted authority, of the 
state of Illinois, or of the United States, or elsewhere; 
may make such special regulations in reference to trust i^fj^^g^^f 'j^l": 
funds or deposits, left for accumulation or safe keeping, as fund^^and ^de- 
shall be agreed upon with depositors or parties interested, ^°*"^' 
ibr the purpose of accumulating or increasing the same ; 
may issue letters of credit and other commercial obliga- 
tions — not, however, to circulate as money ; and may secure 
the payment of any loans made to said corporation in any 
way the directors of said corporation may prescribe. 

§ 5. Married women and minors may, in their own Married women 
names, subscribe for stock and deposit money with said faWock!""*^ 
corporation, and receive certificates of stock and deposit in 
their own names ; which stock and deposits shall be subject 
to their disposal and order, only. 

§ 6. The said corporation shall have power to purchase May hold and 
and hold such real estate as may be necessary for the trans- 1°^^""^ ^^^ «^ 
action of a ho7m fide banking business, and to take and hold 
any real estate as security for and in payment of loans and 
debts due or to become due to the corporation, and to pur- 
chase real and personal estate at any sale to enforce its 



158 BAJ^KS — INOOKPOEATED. 

secnritie3 for the payment of debts clue, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the Parae : Provided, 
that from all sales under deed of trust or otlier conveyance, 
redemption shall be allowed as now provided by law from 
sales made under decree for foreclosure of mortgage. 
Said corporation may make, alter and amend such by-laws, 
rules and regulations, for its management, as are not incon- 
sistent with the laws of this state or the United States. 

Five directors. § '^ • '^^^ business of Said Corporation shall be con- 
ducted by a board of not less than live dirdctors, to be 
el'jcted annually by tlie stockholders, who shall hold their 
office^ until their successors are elected and qualified. The 
directors shall be stockholders, and residents of the said 
county. Each share of stock shall be entitled to one vote, 
which may be cast in person or by proxy. The board of 
directors shall elect a president aud cashier; and such other 
officers and agents may be appointed or employed as said 
corporation or its oflicers may see proper. 

Stockholders to § §• Before said corporation shall commence business, 

pay up ia full. |-[t^^ stockholders shall pay the several amounts subscribed, 
in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

_ srocitko'.d^rs' § 9. Whenever default shall be made in the payment 

liability. ^j' ^jjy ^qIjj. qj, liability contracted by said corporation, the 

btookholders shall be held individually responsible for an 
amount equal to double the amount of stock held by them, 
rGB];)ectively ; and such liability shall continue until three 
months after an assignment of the stock, and publication 
of a notice thereof in a newspaper published in the said 
county of Montgomerj'-, and state of Illinois. 
When th-s act § ^^- This act shall be void unless said corporation shall 

may be voiti. organize and proceed to business within two years after 
the passage of this act ; and shall be subject to the provi- 
sions of any general law hereafter passed on the subject of 
banking, trust or deposit companies. 
Limit of In- § ^1- ^o director of said corporation shall be indebted 

debteduesa of to Said Corporation, either directly or indirectl}^, at any 
time, to an amount greater than seventy-five per centum 
of the amount of the capital stock held by such director, 
in his own name, in good faith, as his own, 

§ 12, This act shall be deemed a public act, and shall 
be in force from and after its passage. 
Approved March 25, 1869. 



BANKS — INOOEPOEATED. 1 59 



AN AC r to incorporate the IJockport Baok. In force March 

29, 1S69. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That George corporators. 
B. Martin, John F. Dagj^ett, John Heck, Albert I. Ewen, 
John L. Norton, A. 0. Paxon, Eobert Miller, 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 of "The Lockport Name ai^d style. 
Bank ; " and shall have a common seal, which they inay 
alter or renew at pleasure ; pov.^er to plead and be implead- 
ed, defend and be defended, in all courts of law and equity ; 
to have and exercise powers incident to corporate bodies. 
Said corporation shall be located in the town of Lockport, 
in the county of Will, and state of Illinois. 

§ 2. A majority of the corporators herein named may Books to i.e 
proceed to open books for subscription to the stock of said sciiptioi!'' ^"''^ 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for the iirst election of directors of 
said corporation, by parties subscribing to the stock there- 
of; and each share of stock so subscribed shall be entitled 
to one vote, which may be given in person or by proxy. 

§ 3. The capital stock of said corporation shall be thirty capital stock. 
thousand dollars, with power to increase the same to one 
hundred thousand dollars, and shall be divided into shares 
of one huncl^red dollars each ; Vv'hich share shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the books of the corporation in accordance with 
the rules thereof. 

§ 4. The said corporation shall hav@ power to borrow May borrow 
money, and to receive money on deposit and pay interest Sposltr*^ ^"'"^ 
thereon, and to loan money, either within or without this 
state, at any rate of interest not exceeding that allowed by 
law to private individuals, and to discount loans — and in 
computation of time thirty days shall bo deemed a month, 
and twelve months a year — and to make such loans payable 
either within or without this state, and to take such securi- 
ties therefor, real or person or both, as the directors or 
managers of said corporation shall deem sutficient, and 
make secure the payment of such loans by deeds of trust, May loan on 
mortgage or other securities, either within or without this ^^^^'°^*™'*- 
state ; may buy and sell negotiable paper and other securi- 
ties ; may purchase and sell real estate, and shall have the 
power to convey the same in any mode prescribed by the 
by-laws of said corporation ; may accept and execute all 
such trusts, whether tiduciary or otherwise, as shall or may 
be committed to it by any person, or by the order or direc- 
tion of any court or tribunal, or other legally constituted 
authority of the state of Illinois or the United States, or else- 
where; may make such special regulations in reference to 



160 BANKS — INCOEPOKATED. 

trust funds or deposits left for accumulation or safe keep- 
ing-, as shall be agreed upon with depositors or parties inter- 
ested, for the purpose of accumulating or increasing the 
same; may issue letters of credit and. other commercial ob- 
ligations, not however to circulate as money ; and may se- 
cure the payment of any loans made to said corporation iu 
any way the directors of said corporation may prescribe. 

Married women § 5, Married womcn and minors may, in their own 

take™tock^ '"'^^ names, subscribe for stock and deposit money with said cor- 
poration and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be sub- 
ject to their disposal and order only. 
May purchase, § 6. The Said Corporation shall have power to purchase 

reafea'tate""^''^ and hold such real estate as may be necessary for the trans- 
action of a bona fide banking business ; and to take and 
hold any real estate as secnriry for aiul in payment of loans 
and debts due or to become due to the corporation; and to 
purchase real and personal estate at any sale to enforce its 
securities or the payment of debts due made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
May make improve, lease, sell and convey the same. Said corporation 

by-ia^T^'! "^"^ iJi'^y iiiake, alter and amend such by-laws, rules and regu- 
lations fl>r its management as are not inconsistent with the 
lau-s of this state or the United States : Provided, that any 
RedempUonof real estate, sold under deed of trust or other conveyance 

under^^deedg^ol- ^^^'^ ^^^ security by Said corporation, may be redeemed by 

trust. ' the debtor, his, her or their heirs or creditors, by the pay- 
ment of the full amount of debt and cost, with ten per cent. 
interest on same, at any time within twelve months after 
Buch sale: Ai^d^i^vovided., also, that no real estate that may 
become the property of said corporation, except what may 
be reasonably necessary for the transaction of a bona fide 
banking business, shall be held by said corporation for a 
longer period than may be reasonably necessary to enable 
said cor])oratiou to sell and dispose of the same to advan- 
tage. 

Five directors. § 7. The busiuoss of Said Corporation shall be conducted 
by a board of not less than five directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualilied. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors 
shall elect a president and cashier ; and such, other officers 
and agents may be appointed or employed as said corpora- 
tion o'l' its officers may see proper. 
stockholders § 8. Before said corporation shall commence business 

topayiu fuu. ^j^^ stockholders shall pay the several amounts subscribed, 
in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 



BA]SrKS — INCOEPOKATED. 161 

the whole capital stock, incliiding sucli increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock, 

§ 9. Whenever default shall be made in the payment . indma-aai 
of any debt or liability contracted by said corporation, the hoidefj" ^*°^'" 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, respec- 
tively ; and such liability shall continue until three months 
after an assignment of the stock and publication of a notice 
thereof in a newspaper published at the said town of Lock- 
port, in the county of Will, and state of Illinois. 

§ 10. This act shall be void unless said corporation shall ^ct, when void, 
organize and proceed to business within two years after the 
passage of this act. 

§ 11. E'o director of said corporation shall be indebted i^Stovfhni^d. 
to said corporation, either directly or indirectly, at any time, 
to an amount greater than seventy-five per centum of the 
amount of the capital stock held by such director in his own 
name, in good faith, as his own. 

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

Approved March 29, 1869. 



AN ACT to incorporate the Manufacturers'. Bank of Moline. ^^ ^^J'^^J^^^^'^ 

Section 1. Be it enacted hy the People of the State of 
Illinois, rej>resented in the General Assembly, That S. W. corporator?. 
Wheelock, John Good, EobertK. Swan, Henry W. Candee, 
Hiram F. Sickles, Charles W. Lobdell, and their a&sociates 
and successors, and such other persons as may become 
stockholders in the association, are hereby created and de- 
clared and constituted a body corporate and politic, by the 
name and style of "The Manufacturers' Bank of Moline," Name au a style. 
and shall have a perpetual succession, a common seal, 
power to plead and be impleaded, to appoint all necessary 
servants, and to exercise all the powers necessary to carry 
out and execute the purpose and intent of this act. 

§ 2. The capital stock shall be fifty thousand dollars, ca'S'Tt^ock "'^ 
with power to increase the same to three hundred thousand 
dollars, and shall be divided into shares of one hundred 
dollars each; which shall be deemed as personal property, 
and shall be transferable on the books of said company in 
such manner as its by-laws may prescribe. The incorpo- ^open j'orts for 
rators, or a majority of them, may open books for the sub- ^^ '''^"^ '°"' 
scription of stock at such time and place as they may 
appoint ; and when the sum of hlty thousand dollars is sub- 
scribed, and one-half of the same paid in, the said corpora- 
—21 



162 



BANKS — INCOEPOKATED. 



tors, or a niajoritj- of them, shrJl ^ive notice to the stock- 
hohlcrs of a time and place for a meeting to elect directors 
and organize said corporation ; which said noiico shall be 
given at least ten days previous to such meeting, in some 
newspaper published in Eock Island county. The stock- 
Five direciors. liolders maj elect not le?s than five directors, who shall be 
stockholders, aid shall hold their offices for one year, or 
until their successors are elected and cpialilied. When 
elected, the directors shall elect a president from their own 
body annually, shall appoint the necessary officers and 
agents for the corporation, and shall make such by-laws to 
control the business of the corporation as its interests may 
require. Said bank shall be located atMoline. 
May borrow v< 8. Tho Said corporation shall have power to borrow 

monev and re- . ^ ^ . -, . , • ^ 

ceive deposits. Hioney or rcceive money on deposit, and to loan said money 
at any rate of interest not exceeding that now allowed by 
law to individuals, or to discount, in accordance with bank 
usages— and in the computation of time thirty days shall be 
a month, and twelve months a year — taking such security 
therefor, real or personal, as the directors of said corpora- 
tion shall deem sufiicient; may buy and sell exchange, bills, 
notes, bonds or other securities ; may have and hold 

credP''^'^ of coin and bullion ; may grant and purchase annuities, issue 

letters of credit and other coniinercial obligations: I^rovi- 

chd, the same shall not be in the similitude of bank notes 

or other evidences of debt, designed to circulate as money. 

May hold aud § 4. The Said corporation shall have power to purchase 

tate^.'^"*' ''^^^ ^^" and hold all such real and personal estate as may be re- 
quired for the transaction of their business ; to hold real 
May loan on estate as security for and in payment of loans and debts 
due or to become due to said corporation, and to purchase 
any real or p)ersonal estate at any sale to enforce its securi- 
ties or the payment of debts due, of mortgages or deeds of 
trust, and hold said property, or to sell and convey the 
same, or 2iT\y part thereof, at such a price and under such 
conditions as the board of directors may direct : Provided^ 
that no real estate that may become the property of the 
corporation hereby created, except such as may be reason- 
ably necessary for the transaction of its business, shall be 
held by said corporation for a longer period than may be 
reasonably necessary for said corporation to sell and dis- 
Eedemptiou posG of the Same to advantage : Provided^ aho. that any 

of property sold , , , , , , i i ^ ^- . , .i '' 

under deed of real estate sold under deed ot trust or other conveyance 
trust. )i(AA as security by said corporation, may be redeemed by 

the debtor, his, her or their heirs or creditors, by the pay- 
ment of the full amount of debt and costs, with ten per 
cent, interest on same, at any time within twelve months 
after such sale. 
Declare divi- § 5. The board of directors shall have power to declare 
dividends on the stock of said corporation from time to time, 
and at any time after the accumulation of profits shall 



deuds. 



BA.NKS — INCO.RPOEATED. 



16J 



amount to five per cent, on the atiiount of capital actually 
paid in : Provided^ that no dividend shall be declared 
larger than ten per cent, per annum until the surplus fund 
shall have been increased to twenty per cent, of the capital 
stock of said corporation. 

§ 6. The board of directors shall have power to call for caii for pay- 
the payment of the balance due on the subscriptions to the ™^^tsdue. 
stock of this corporation at such times as they may deem 
proper ; and in the event of the non-payment of the balance 
due from any stockholder on his stock within sixty days 
after due notice, the board of directors may, at their option, 
enforce the payment of such balance due, or sell, by public stock of deiin- 

' 1 , ,1 , ,1 , i' , ) . T quenta to be 

auction, to the best advantage, the amount oi stocK stand- sou. 
ing in the name of such non-paying stockholders to any 
person or persons ; and the proceeds of such sale, after de- 
ducting the costs and expenses thereof, shall be paid over 
to such non-paying stockholder, who shall thereupon cease 
to be a stockholder in this corporation ; and the purchaser 
or purchasers of said shares of stock shall have and enjoy 
all the privileges of and profits accruing or accrued to said 
shares of stock, and shall become liable for the payment of 
all calls then due, or thereafter made on said shares of 
stock. 

§ 7. The stockholders shall be responsible in their iudi- liaMity!""^'^"'"' 
vidual j.iroperty to an amount equal tj their stock, to make 
good all losses to depositors or others; and no assignment 
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 by posting a notice thereof in said bank, where 
all persons may take notice thereof, for at least thirty days 
subsequent thereto. 

§ 8. The corporation thus created shall exist for the cnration of 
term of twenty-Uve years from the passage of this act, un- *=*^^^°^^^™ 
less by a vote of two-thirds of its directors it may be sur- 
rendered by a settlement of all its habilities, and a repay- 
ment of all shares to the lawful holders thereof within that 
time. Said corporation shall be subject to any general law 
of this state on the subject of banks and banking. This ^'^^^l ^^^ ^^ 
act shall be void unless said company shall organize and 
proceed to business within two years after the passage 
hereof, and to be in force from and after its passage. 

Approved March 31, 1869. 



164 HANKS— INCORPOKATED. 



In force April AN ACT to incorporate the Marine Bank of Cairo. 

1, ISO'J. '■ 

Section 1. Be it enacted ly the People of the State of 
Illinois, represented In the General Assemhly, That Daniel 

Corporators. Hurd, Eobert W. Miller, Patrick H. Pope, Cicero N. 
Hughes, John H. Mulkcy, and their associates and succes- 
sors, and all such persons as shall become stockholders in 
the company hereby created, shall be a body politic and 

Nameandstyie. corporato, by the name and style of "The Marine Bank of 
Cairo," with all the powers incident, necessary and useful 
to corporations, and, as such, are authorized to exercise all 
the powers requisite to carry out and execute all the pur- 
poses and intents of this act ; shall have perpetual succes- 
sioii, and a common se-il, which they may change and alter 
at pleasure ; with power to plead and be impleaded, in all 
courts of law and equity ; to sue, and may be sued ; to con- 
tract and be contracted with ; to have power to appoint all 
necessary assistants : Provided, this company shall organ- 
ize w^ithin live years. 

suhscrip*ti'jn/"^ § 2. A majority of the corporators hereby named may 
proceed to open books for subscription to the capital stock 
of said corporation ; and shall, at the same time or there- 
after, designate a time and place for the first election of 
directors of said corporation, by persons subscribing to the 
capital stock thereof; and each share of the capital stock 
so subscribed for shall be entitled to one vote. 
Amourit capi- j^ 3. The Capital stock of said corporation shall be fifty 
thousand dollars, with power to increase the same to five 
hundred thousand dollars, to be subscribed and paid for in 
the manner prescribed by the by-laws to be framed by said 
corporation, and shall be divided into shares of one hun- 
dred dollars each, which shall be deemed personal property, 

nJi^n'^i*^^,^!?^?'^ ^iitl shall be transferred on the books of said corporation, 

(jeihouai prop- . • -, -> -i ->•>'• 

erty and trans- m such manner as its by-laws may prescribe : and a lien is 

ferable. i , , . '' ,i "^ . i -i •. x- 

hereby expressly given upon the stock or deposits ot any 
person in any manner indebted to said corporation, either 
as principal, security or otherwise. Each stockholder in 
this corporation shall be held individually responsible, 
equally and ratably and not one for another, for all con- 
tracts, debts and engagements of such corporation, to the 
extent of the amount of their stock therein, at the par value 
thereof, in addition to the amount invested in such shares. 
moSy anfco^ ^ '^' "^^^^^ Corporation shall have power to borrow 
vey real' estate, money, and to loaii monej^, within or without this state, at 
any rate of interest not exceeding that now or hereafter 
allowed by law to individuals, and to discount according to 
the usage of banks ; to make such loans payable within or 
without the state, and to take such securities therefor, real 
or personal, or both, as the directors of the corporation may 
deem sufficient ; and may secure the payment of such 



BANES — INCORPORATED. 165 

loans by mortgage or other securities, either within or with- 
out the state ; and said corporation shall also have power to 
take and receive any goods, chattels or effects of any sort 
or kind, by way of pledge or pawn or collateral security, 
for any loan or indebtednees due or to become due to said 
corporation. 

S 5. This corporation shall have power to receive ou Money to be 

T " ., . , r I n'- ,• received ou ae- 

deposit or m trust such sum or sums ot money as may Irom posit or in trust, 
time to time be offered therefor by merchants, tradesmen, 
clerks, laborers, servants and others, to bo repaid to such 
depositors, with or without interest, as may be agreed upon 
between said cori)oration and said depositor ; to buy and 
issue and sell bills of exchange, commercial or bank cred- 
its, gold and silver coins, bullion, public stocks, uncurrent 
money, or other evidences of indebtedness ; to open and 
keep current drawing accounts and mutual credits witli its 
bank or commercial correspondents. 

§ 6. It shall be lawful for this corporation to purchase May hoid and 
and hold such real estate as may be convenient for the latZ^^ '^^"'' '^^" 
transaction of its business ; and to take and hold any real 
estate, in trust or otherwise, as security for or in payment 
of any debt or debts due or to become due to the said cor- 
poration ; to purchase real estate at any s.de made in vir- 
tue of any loan, debt or mortgage made to or held by said 
corporation, or in which it is in any way interested ; and to secnrities. 
receive and take, in whole or in part satisfaction of any 
such loan or debt, any real estate, and to hold, lease, and 
convey the same : Frovidecl^ that no real estate that may Eedempticn 
become the property of this corporation,, except as may be °afier^^c[e^tf"of 
reasonably necessary for the transaction of its business, trust. 
shall be held by said corporation for a longer period than 
may be reasonably necessary to enable said company to 
sell and dispose of the same to advantage : Provided^ also^ 
that any real estate, sold under deed of trust or other con- 
veyance given as security to said corporation, may be re- 
deemed by the debtor, his, her or their heirs or creditors, by 
the payment of the full amount of debt and costs, with ten 
per cent, interest on same, at any tim^e within twelve months 
after such sale. Said bank shall be located in the city of 
Cairo, in the county of Alexander. 

§ Y. The affairs of the corporation shall be managed by Three directors. 
a board of not less than three directors, who shall be elected 
at such time and place and in such manner as may be pre- 
scribed by the by-laws, and shall hold their office for one 
year, and until their successors are elected and qualified. 

§ 8. The directors shall have power to form by-laws for By-iaw?, etc. 
the management and control of the affairs of the corpora- 
tion, not inconsistent with the laws of this state and the 
United States, and shall have the right to declare dividends 
out of the earnings of said cornoration. 



1G6 BANKS — INCORPORATED. 

Married wo- § 9, Married womeu aud minors may, in their ovrii 

Say takoXtk! name, subscribe for stock and dei^osit money witli said 
corporation, and receive certiticates of stock and of deposits 
in tiieir own names ; whicli stock and deposits shall be sub- 
ject to their disposal and order, only ; and payment to them 
tshall be deemed good and valid in law. 
Acts of direc- § 10. All contracts and other instruments in writing 

tors bmdiug, ^yiiJch may be made or entered into by said corporation 
shall be subscribed by such officer or officers, agent or 
agents, as shall be authorized by the by-laws of the corpo- 
ration, and, being so signed, shall be binding upon said 
corporation; and all such contracts and instruments in writ- 
ing mav be signed and carried on without the presence of 
the boa"rd of directors, by its officers, assistants and agents. 
Contracts and instruments to which said company may be a 
pnrty shall be valid and binding, with or without the seal 
of said corporation attach eid. 

Location § f 1- Said corporation to be located in Cairo, Alexan- 

der county, Illinois; and it will be lawful for said corpora- 
tion to commence business when iifty thousand dollars of 
srock shall have been subscribed and ten per cent, of it paid 
into the treasury, 
sabjecttoauy § ^2- T^^^ Corporation shall be subject to the provisions 

fntare general ,,f any general law hereafter passed on the subject of bank- 
ing, trust or deposit companies. 

§ 13. This act shall be deemed a public act, of which 
all courts and magistrates shall officially take notice, and 
shall take eifect on and after its passage. 
Appeoved April 1, 1869. 



In force March AN ACT to incorporate the Massac Real Estate Bank. 

8u, 1869. 

Section 1. Be it enacted hy the People cf the State of 
Illinois, represented in the General Assemhly, That AVil- 

corporators. Ham R. Browu, "William J. Ward, Jonathan C. Willis, Wil- 
ham P. J3rowner and Amaziah D. Davis, and all such per- 
sons as shall become stockholders in the corponition hereby 
created, and their successors, shall be a body politic and cor- 

Nameandstyie. porate, by the name and style of "The Massac Real Estate 
Bank," and shall have a common seal, which they may 
alter or renew at pleasure, power to piead and be implead- 
ed, and defend and be defended, in all courts of law and 
equity ; to have and exercise powers incident to corporate 
bodies. Said corporation shall be located in the city of 
Metropolis, in the county of Massac, and state of Illinois. 

scri'^SLoks" § ^- ^ majority of the corporators herein named may 
° ^" proceed to open books for subscription to the stock of said 



BANKS — INCORPORATED. 



16Y 



corporation, and shall at the same time, or thereafter, desig- 
nate a time and place for the first election of directors of 
said corporation, by parties subscribing to the stock there- 
of; and^each share of stock, so subscribed for, shall be enti- 
tled to one vote. 

§ 3. The capital stock of said corporation shall be twen- Amount capital 
ty-five thousand dollars, with power to increase the same '^°^''- 
to one hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each; which shares shall be 
deemed personal property, subject to taxation, and shall 
be transferable on the books of the corporation in accord- 
ance with the rules thereof. 

S 4, The said corporation shall have power to borrow Borrow money 

'J , . ^ T -^ ^ ■ . , and receive de- 

money, and to receive money on deposit, and pay interest pc-its. 
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 deemed a month, and twelve months a year — and to 
make such loans payable either within or without this state, 
and to take such securities therefor, real or personal, or 
both, as the directors or managers of said corporation sliall 
deem sufficient; and may secure the payment of such loans Loan money 
by deeds of trust, mortgages, or other securities, either ""'"''^ ^^^'^^• 
within or without this state"; may buy and sell negotiable 
paper and other securities ; may purchase and sell real es- 
tate, and shall have the power to conve}' the same in any 
mode prescribed by the by-laws of said corporation ; may 
accept and execute all such trusts, whether fiduciary or 
otherwise, as shall or may be committed to it by any per- 
son or persons, or by the order or direction of any court or 
tribunal, or other legally constituted authority of the state_ 
of Illinois, or of tlie United States, or elsewhere ; may 
make such special regulations in reference to trust fnndt5, or 
deposits left for accumulation or safe keeping, as shall be 
agreed upon with depositors or parties interested, for the 
purpose of accumulating or increasing the same ; may issue 
letters of credit and other commercial obligations, not, 
hov/ever, to circulate as money; and may secure the pay- 
ment of any loans made to said corporation in any way the 
directors of said corporation may prescribe. 

§ 5. Married women and minors may, in their ovrn women and 
names, subscribe for stock and deposit money with said taLTstock. ™^^ 
corporation, and receive certificates of stock and deposits in 
their own names, which stock and deposits shall be subject 
to their disposal and order only. 

§ 6. The said corporation shall have power to purchase May hold p.na 

1111 1 1 i i 1 ^ c .\ , convey real es- 

and hold such real estate as may be necessary for the trans- tate. 
action of a lonafide banking business, and to take an-d hold 
any real estate as security for and in payment of loans and 
debts due or to become due to the corporation, and to pur- 



1G8 



BANKS — INCOKPOKATED. 



rectors to con- 



to pay ui.. in full. 



cluise real find personal estate at any sale to enforce its se- 
cnritics, or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpora- 
AUer au'i ^''^^ ^^^^ make, alter and amend Bucli by-laws, rules and 
amend by-laws, regulations for its management as are not inconsistent with 
the laws of this state, or of the United States. 
Board of di- § 7. The busincss of said corporation shall be conducted 
by a board of not less than five direct(>rs, to be elected an- 
nually by the stockholders, who shall hold their ofiices un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. Each 
share of stock shall be entitled to one vote, and may be 
cast in person or by proxy. The board of directors shall 
elect a president and cashier; and such other ofiicers and 
agents maybe appointed or employed as said corporation^ 
or its ofiicers, may see proper. 

§ S. Eeibre said corporation shall commence business, 
the stockholders shall pay the several amounts subscribed, 
in full; and no increase of said capital stock shall be made 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock; and' 
the whole capital stock, including such increase, shall not 
exceed in amount the actual -C^alue of the property of said 
corporation at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment 
of any debt or liability contracted by said corporation, tlie 
stockholders shall be held individually' responsible for an 
amount equal to the amount of stock held by them respect- 
ively ; and sucli liability shall continue until three months 
j'.fier an assignment of the stock, and publication of a notice 
thereof in a newspaper published at the said city of Me- 
tropolis, in the county of Massac, and state of Illinois. 
Act, whiu v.n.i. g 10. This act shall be void nnless said corporation 
i^luill organize and proceed to business within two years 
after the passage of this act. 

§ 11. 1^0 director of said corporation shall be indebted 
to said corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum 
of the amount of the capital stock held by such director in 
his own name, in good faith, as his own. 

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

Ai'PKOVED March 30, 186^. 



stockholders 
liabiliiy. 



Limit of indebt 
cdness of dircC' 
tor. 



lNCOEPORATED, 



169 



AN ACT to incorporate the Monroe Banking Company. In ^°^'<^^^^,Ja'"cli 

Section 1. Be it enacted hy the People of the State of 
Illinois^ rejyresejited in the General Assevibly, That W. corporators. 
E. Morrison, A. Iloener. George Deitcli, C. H. Eottler, 
C. Ilenkler, Paul 0. Brey, John Gimlach, John Aiigerer, 
Fred. Hekler, and all such persons as shall become stock- 
holders in the corporation hereby created, and their succes- 
sors, shall be a body politic and corporate, by the name and 
style of "The Monroe Banking Company;" and shall have Name and style. 
a comm'on seal, which they may alter or renew at pleasure, 
power to plead and be impleaded, and defend and be de- 
fended, in all courts of law and equity ; to have and exercise 
powers incident to corporate bodies. Said corporation shall 
be located in the town of Monroe, and county of Eandolph, 
and state of Illinois. 

§ 3. A majority of the corporators herein named may sS?Stk)?.'°' 
proceed to open books for subscription to the stock of said 
corporation, and shall at the same time, or thereafter, desig- 
nate a time and place for the iirst election of directors of 
said corporation, by parties subscribing to the stock there- 
of; and each share of stock so subscribed for shall be enti- 
tled to one vote. 

§ 3, The capital stock of said corporation shall be Cfipitai stock. 
twenty-live thousand dollars, with, power to increase the 
same to one hundred thousand dollars, and shall be divided 
into shares of one hundred dollars each ; whch shares shall 
be deemed personal property, subject to taxation, and shall 
be transferable on the books of the corporation in accord- 
ance with the rules thereof. 

§ 4, The said corporation shall have power to borrow Borrow money 
money, and to receive money on deposit and pay interest posVs'f'^"^'' ^^" 
thereon, and to loan money, either within or without this 
state, at any rate of interest not exceeding that uov/ or here- 
after allowed by law to private individuals, and to discount 
loans — and, in computation of time, thirty days shall be 
deemed a month, and twelve montlis a year— and to make 
such loans payal3le either within or without this state, and ti4Wof"trast^" 
to take such securities therefor, real or personal or both, as 
the directors or managers of said corporation shall deem 
sufficient, 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 
and other securities ; may purchase and sell real estate, 
and shall have tlie power to convey the same in any modo 
prescribed by the by-laws of said corporation ; may accept 
and execute all such trusts, whether fiduciary or otherwise, 
as shall or may be committed to it by any person or per- 
sons, or by the order or direction of any court or tribunal, 
or other legally constituted authority of the state of Illinois, 
—22 



170 IJANKS — INCORPORATED. 

or of the United States, or elsewhere: mav inako such spe- 
cial regulations in reference to trust funds or deposits left 
for accumulation or safe keeping, as shaii be agreed upon 
with depositors or parties interested, for the purpose of ac- 
May issue let- cumulating or increasing tiie same; may issue letters of 
and othe/com- Cfcdit and Other commercial obligations, not, however, to 
tions!"^ °^^^°^' circulate as money; and may secure the ])aymcnt of any 
loans made to said corporation in any way tlie directors of 
said corporation may prescribe. 
Women and § •^*- Married women and minors may, in their own 
take°stoci: ^^^ name, subscribe for stoclc and deposit money with said cor- 
poration, and receive coitilicate of stock and deposits in 
their own names; which stock and deposits shall be suljject 
to their disposal and order only. 
Mayiioici and R 6. Tlse Said Corporation shall have power to purchase 

convey real es- ^, ■■ ■■ , , i i . i ^ r .\ ^ 

tate. and hold such real estate as may be necessary lor the trans- 

action of a ho7ia fide banking business, and to take and hold 
any real estate as security for and in payment of loans and 
debts due or to become due to the corporation, and to pur- 
chase real and iDorsonal estate at any sale to enforce its se- 
curities, or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
To make by- improvc, Icasc or sell and convey the same. Said corpora- 

lations?'^ ^*^^^^' tiou may make, alter and amend such by-lav.-s, rules and 
regulations for its management as are not inconsistent with 

Eeai estate may the laws of this state or of the United States': Provided, 

be redeemed. ^)^^i^ r^.^j -^.goj estate sold under deed of trust or other con- 
veyance held as security by said corporation, may be re- 
deemed by the debtor, "his, her or their heirs or creditors, 
by the payment of the full amount of debt and cost, with 
ten per cent, interest on same, at any time within twelve 
months after such sale: Provided, also, that no real estate 
that may become the property of this corporation, except 
as may be reasonably necessary in the transaction of its 
business, shall be held by said corporation for a longer pe- 
riod than m.ay be reasonably necessary to enable said cor- 
poration to sell and dispose of the same to advantage. 
Board of di- § 7- The busiucss of said corporation shall be conducted 

sfst of\ve. ^°°' '-".y ^ hoard of not less than live directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The directors 
shall bo stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
he cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see proper, 
stockholders § S. Before said cor[)oration shall commence business,, 
to pay in full. ^]^^^ Stockholders shall pay the several amounts subscribed 
in full; and no increase of said capital stock shall be made 
at any time, unices the amount thereof shall be paid into 



BANKS — INCOEPORATED. 171 

said corporation at the time of the issue of such stock; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment stockholders 
of any debt or liability contracted by said corporation, the ' '^^' 
stockholders shall be held individually responsible for an 
amount ecjual to the amount of stock held by them, respect- 
ively ; and such liability shall continue until three months 
after an assignment of the stock and publication of a notice 
thereof in a newspaper published at the said town of Mon- 
roe, or the county of Randolph, and state of Illinois. 

§ 10. This act shall be void unless said corporation shall Act, wheu void, 
oi-ganize and proceed to business within two years after tlie 
passage of this act. 

§ 11. iSlo director of said corporation shall be indebted Limit of indebt- 
to said corporation, either directly or indirectly, at any toi''.^''^°^ ^'^^'^' 
time, to an amount greater than seventy-live per centum of 
the amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

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

Approved March 29, 1869. 



AX ACT to incorporate the Xational Cankine Conipaav. In force March 

27, 18G9. 

Section 1. J5e it eriacted ly the Feo])le of the State of 
Illinois, represented m the General Assembly, That Charles- corporators. 
N. Holden, John H. Foster, Henry A. Paddock, A. C. 
Hessing, Charles B. Far well, Henry Keep, James For- 
sytlie, H. Z. Culver, George Stephenson, John B. Turner, 
William W. King and Benjamin F. Graves, and all such 
persons as shall become stockliolders in the corporation 
hereby created, and their successors, shall be a body politic 
and corporate, by the name and style of " The National Kame and s-.yie. 
Banking Company ; " and shall have a common seal, which 
they may alter or renew at pleasure; power to plead and 
be impleaded, defend and be defended, in all courts of 
law and equity; to have and exercise powers incident to 
corporate bodies. Said corporation shall be located in the 
city of Chicago, in the county of Cook, and state of Illi- 
nois. 

§ '-2. A majority of the corporators herein named may open iwoiis for 
proceed to open books for subscription to the capital stock of subscnptioc. 
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 there- 



172 BANKS— INCOKI'UUATEL). 

of; and eacli share of stock so subscribed for shall be 
entitled to one vote. 

Capital htock. § 3. The capital stock of said company shall be three 
iiundred thousand dollars, with power to increase the same 
to live hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each, which shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the books ot the corporation in accordance with 
the rules thereof. 
May borrow § 4. The sBid cor])(.;ration shall have power to borrow 

and sdnMiK ^^'^'-^'^y, buy and sell bills of exchano^e and other commer- 

ex>-h2nye. cial obligations, loan money and discount notes, in accor- 
dance with bank usajxe ; receive mone3^ on deposit ; and 
may also accept and execute all trusts whi/3h may be com- 
mitted to it by order of any court. Said -corporation shall 
confine its business, exclusively, to a commerci^d and ex- 
change banking business. 
May hold and § 5. The Said corporation shall have power to purchase 

?at"r^ ^"^^ ^®" and hold such real estate as may be necessary for the trans- 
action of a honafide banking business, and to take and hold 
any real estate, as security for and in payment of loans and 
May loan on dcbts duc or to become due to said corporation, and to pur- 

deeds ot trust. ^^^^^ ^.^^ ^kW^x. personal estate, at any sale to enforce 
its securities or the payment of debts due, made by virtue of 
any proccess, mortgage or deed of trust, and to hold or sell 
and convey the same : Provided, that.any real estate, sold 
under deed of trust or other conveyance held as security 

Redemption o| by Said Corporation, may be redeemed by the debtor, his, 

property sold t '' ^t i . ' -^ ■,. , . < "^ , ^ , ' 

under deed of her or their heirs or creditors, by the payment of the 
trust. ^^Y^ amount of debt and costs, with ten per cent, interest 

on same, at any time within twelve months after such sale: 
And provided, also, that no real estate that may become 
the property of said corporation, except such as may be 
reasonably necessary for the transaction of a bona fide 
banking business, shall be held by said corporation for a 
longer period tha n may be reasonably necessary to enable 
said corporation to sell and dispose of the same to advan- 
tage. 

tw-sTifconsu'^f ^ ^' '^■^^^ business of said corporation shall be couduct- 
flvc. ^ ^ ed by a board of not less than live directors, to be elected 

annually by the stockholders, who shall hold their offices 
until their successors are elected and qualified. The direc- 
tors shall be stockholders of the said corporation, and resi- 
dents of said county. Each share of stock shall l)e enti- 
tled to one vote, and may be cast in person or by proxy. 
The board ot directors shall elect a president and cashier ; 
and such other officer's and agents may be appointed or em- 
ployed as said corpora tion or its officers may see proper, 
stockholders § 7. Before said corporation shall commence business, 
topayinfuu. ^^^ ^j^^j^ ^^ g^y Capital stock shall have been subscribed, 
and the stockholders,,*jespectivel3'', shall have paid the several 



BANKS INCORl'ORATED. 173 

amounts subscribed, in full; and no increase of said capital 
stock shall be made at any time, unless the full amount there- 
of shall be paid into said corporation at the time of the issue 
of such stock ; and the whole capital stock, iucludinp: 
such increase, shall not exceed in amount the actual value 
of the property of said corporation at the time of the issue 
of such increased stock. Said corporation may make rales, To make inks 
regulations and by-laws not inconsistent with the laws of audieguiati-ms. 
this state or of the United States. 

§ 8. Whenever default shall be made in the payment of 
any debt or liability contracted by said corporation, the Liability of 
stockholders thereof shall be held individually responsible stockholder. 
for an amount equal to the amount of stock held by them, 
respectively ; and such liability shall continue until S;ix 
months after an assignment of the stock and publication 
of a notice thereof in a newspaper published in the said 
city of Chicago. 

§ 9. Nothing in this act shall be construed as to invest 
said company with power to do the business of a savings ^^^^ .,, ,.,„ ,, 
bank, and the said corporatiun hereby created is expressly saviugsbm:;. 
prohibited from in any way announcing or advertising itself 
as a savings bank, or as receiving savings deposits, and 
from paying interest on deposits, under penalty of forfeit- 
ing its charter. 

§ 10. This act shall be void unless said corporation 
shall organize and proceed to business within two years Act, when void. 
after the passage of this act. 

§ 11. No director of said corporation shall be indebted 
to said corporation, either directly or indirectly, at any Limit of iu- 
time, to an amount greater than seventy-live per centum of clfrectosf'^ "^ 
the amount of the capital stock held by such director, in 
his own name, in good faith, as his own. 

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

Appro VED March 27, 1860. 



AN ACT to incorporate the Bank of Commerce of Xew Athens, St. Clair 

county, Illinois. In force March 

30, 1S6'J. 

Section 1. Be it enacted ly the Feojyle of the State of 
Illinois, represented in the General Assembly, That Wil- 
liam Schild, Andrew Hauft, Burnhard Haentzechel, Peter corporators. 
Deichman, William Baumann, Jacob Hoos, George Fries, 
and all such persons as shall become stockholders in the cor- 
poration hereby created, and their successors, shall be a 
body politic and corporate, by the name and style of " The 

Name and style. 



174 BANKS INCORPORATED. 

Eaiik of Commerce," and shall have a common seal, which 
they may alter and renew at pleasure ; power to plead and 
bo impleaded, and defend and be defended, in all courts of 
law and equity ; to have and exercise power incident to cor- 
])orate bodies. Said corporation shall be located in the 
lown of New Athens, county of St. Clair, and state of 
Illinois, 
oprn i)ook3 for § 2. A majority of the corporators herein named may 
s. bsc.ii-tioi-. |,,-^jcepcl to open books for subscription to the stock of said 
corporation, and shall, at the same time, or thereafter, des- 
i_i:nate a time and place for the first election of directors of 
said corporation, by parties subscribing to the stock thereof; 
and eacii share of stock so subscribed for shall be entitled 
to one vole. 
Amount ofcap- § 3. The Capital stock of Said corporatfou shall bc tw^CDty- 
itni stock. .^^,^ iiuinsand dollars, with powder to increase the same to 
one hundred thousand dollars, and shall be divided into 
fchares of one hundred dollars each; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of tiie corporation in accordance 
with the rules thereof. 
Bonow money § 4. The Said corporation shall have power to borrow^ 
rSsitsf'^"'''" '^" money, and to receive money on deposit and pay interest 
theieon, and to loan money, either within or without this 
state, at any rate of interest not exceeding that now or here- 
after allowed by law to private individuals, and to discount 
loans — and, in computation of time, thirty days shall be 
deemed a month and twelve months a year — and to make 
Shch loans payable either within or ■without this state, and 
to take such securities therefor, real or personal, or both, 
:is the directors or managers of said corporation shall deem 
Loan money ^^^tlicient; and may secure the payment of such loans by 
hnisf."''"'^ '■ deeds of trust, mortgages or other securities, either within 
or without this state ; may buy and sell negotiable paper 
and other securities ; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation ; may accept and 
execute all such trusts, whether fiduciary or otherwise, as 
shall or may be committed to it by any person or person?, or 
by the order or direction of any court or tribunal, or otherle- 
i^ally constituted authority of the state of Illinois or of the 
United States, or elsewhere ; may make such special regula- 
tions in reference to trust funds or deposits left for accumu- 
lation or safe-keeping, as shall be agreed upon with deposit- 
ors or parties interested, for the jnirpose or accumulating or 
aud'o''th-?com- ^^'^''^^^'^".- ^^^ sauic; may issue letters of credit and other 
ine.ciiii "obiiga- commercial obligations, not, however, to circulate as mojiey ; 
'""^^' and may secure the payment of any loans made to said 

corporation in any way the directors of said corporation 
may prescribe. 



BIKKS INCORPOEATED, 1T5 

§ 5. Married women and minors maj, in their own Married women 
name, subscribe for stock and deposit monej with said cor- ukeTtock! ™°^ 
poration, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be subject 
to their disposal and order, only. 

§ 6. The said corporation shall have power to purchase Mayhoui and 
and hold such real esiate as may be necessary for the transao- tat!Z^^ 
tion of a bona fide banking business ; and to take and hold any 
real estate as security for and. in payment of loans and debts 
due or to become due to the corporation ; and to purchase 
real and personal estate at any sale to enforce its securi- 
ties or the payment of debts due, made by virtue of any 
process, mortgage or deed of trust, and to hold, use, im- 
prove, lease or sell and convey the same: Provided, that Eeai estate may 
any real estate, ;-old under deed of trust or other convey- ^^ redeemed. 
ance held as security by said corporation, may be re- 
deemed by the debtor, his, her or their heirs or creditors, 
by the ]>ayment of the full amount of debt and cost, with 
ten per cent, interest on same, at any time within twelve 
months after such sale : And jprovided^ also, that no real es- 
tate that may become the property of said corporation, 
except such as may be reasonably necessary for the trans- 
action of its business, shall beheld by said corporation for a 
longer period than may be reasonably necessary for said 
corporation to sell and dispose of the same to advantage. 

§ 7. The business of said corporation shall be conducted Five directors 
by a board of not less than five directors, to be elected an- 
nually by the stockholders, who shall hold. their ofSces until 
their successors are elected and qualiiied. The direct- 
ors shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors sha.ll 
elect a presider.t and cashier; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see proper. The said corporation may 
make, alter and amend such by-laws, rules and regnlatioiis. 
for its management, as are not inconsistent with the lav/s of 
this state or the United States. 

§ 8. Before said corporation shall commence business stock- to be 
the stockholders shall pay the several amounts subscribed, p^^'^''- '" *'""■ 
in fall ; and no increase of said capital stock shall bo made, 
at any time, imless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment j^ji^j^vaai li- 
of any debt or liability, contracted by said corporation, the abiiuy of stock- 
stockholders shall be held individually responsible f u- an 
amount equal to the amount of stock held by them, re- 
spectively ; and such liability shall continue until three 
months after an assignment of the stock, and publication of 



debteduess li 
ited. 



176 BANKS — INCOEPORATED. 

a notlcG thereof in a newspaper publislied afc the said town 
of Kew Athens, in the county of St. Clair, and state of 
Illinois. 
Act, when v():a. § 10. This act shall be void unless said corporation shall 
organize and proceed to business within two years after 
the passage of this act. 
Directiu-s' in- § H- ^^ director of said corporation shall be indebted 
(o said corporation, either directly or indirectly, at any time, 
to an amount greater than seventy-iive per centum of the 
amount of the capital stock held by such director in his own 
name, in good faith, as his own. 

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

Approved March 30, 1S69. 



lu force March AN ACT t,o incoroorate tiie Nashville Banking; Company. 

31, iS'ia. ' 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly^ That F. E. 

corporatovR. Hosmer, T. B. Keedles, W. S. Hay, Joseph Hefter and 
Daniel Hay, and their associates or successors, and such 
other persons as may become stockholders in the associa- 
tion, are hereby created and declared and constituted a 
body corporate and politic, by the name and style of 

Niimeranisiyip. '' Nashville Banking Company, Washington County," and 
S!j all have a perpetual succession; a common serd ; ])ower 
to plead and be impleaded, sue and be sued ; to appoint all 
riecessary servants ; and exercise all the powers necessary 
to carry out and execute the purposes juid intent of this 
act. Said banking company shall be located at J^ashville, 
in Washington county. 
suh:r,n;>i;o-i § 2. The capital stock shall be one hundred thousand. 

focipiui KKKk. (jr^u^j^g^ -^^jth power to increase the same to Hve hundred 
ilionsand dollars; and shall be divided into shares of one 
hundred dollars each ; which shall be deemed personal pro- 
perty, and shall be transferable on the books of said com- 
pany, in such manner as its b.ydaws may prescribe. The 
corporators, or a majority of them, may open books for the 
subscription of stock, at such time and place as they may 
appoint ; and when the sum of one hundred thousand dol- 
lars is subscribed, and ten per cent, of the same paid in, 
the said corporators, or a majority of them, shall give notice 
to the stockholders of a time and place for a meeting to 
elect directors and organize said corporation ; which said 
notice shall be given at leaot ten days previous to such 
meeting, in some newspaper published in Washington 

rector?.'""'' ^'^' couuty. The stockholders may elect five directors, who 



BANKS — INCOKPOEATED. l77 

shall be stockholders, and shall hold their offices one year, 
or until their successors are elected and qualified. When 
elected; the directors shall elect a president from their own 
body, annually; shall aj)point the necessary officers and 
agents for the corporation ; and shall make such by-laws to 
control the business of the corporation as its interests may 
require. 

§ 3. The said corporation shall have power to borrow May borrow 
money, or receive money on deposit, and loan the said ^™|^ deposits 
money at any rate of interest not exceedina^ that now ?°l^„t^L^^'^^ "' 
allowed by law to inaividuals ; or to discount m accordance 
with bank usages — and in the computation of time, thirty 
days shall be a month, and twelve months a year — taking 
such security therefor, real or personal, as the directors of 
said corporation shall deem sufficient; may buy and sell 
exchange, bills, notes, bonds or other securities ; may have 
and hold coin and bullion; may grant and purchase annui- 
ties, issue letters of credit and other commercial obliga- 
tions : Provided^ the same shall not be in the similitude of 
bank notes or other evidences of debt designed to circulate 
as money. 

§ 4. The said corporation shall have power to purchase Mayhoid i^nd 
and hold all such real and personal estate as may be re- tate^^"^ ^'^"' ^'^' 
quired for the transaction of their business ; to hold real 
estate as security for and in payment of loans and debts 
due or to become due to said corporation ; and to purchase 
any real or personal estate at any sale to enforce its secu- 
rities or the payment of debts due of mortgages or deeds ^, , 

i 4/ o O AiflV IOO.I1 Oli 

of trust ; and hold said property, or to sell and convey the deeds of trust. 
same, or any part thereof, at such a price and under such 
conditions as the board of directors may direct : Promded.., 
that no real estate, beyond such as may be necessary for the 
transaction of its business,' shall beheld by said corporation 
for a longer period than may be necessary to enable said 
corporation to dispose of the same to advantage : Provi- EedemptioD of 
'ded, also, any real estate sold under deed of trust or other undef ^eda"!!!- 
conveyance held as security by said corporation may be *''^"^''- 
redeemed by the debtor, his, her or their heirs or creditors, 
by the payment of the full amount of debt and costs, to- 
gether v/ith ten per cent, interest on same, at any time 
within twelve months after such sale. 

§ 5. The board of directors shall have power to declare Dividends to 
dividends on the stock of said corporation, from time to ^®'^'^'^'^''®'-'- 
time, and at any time after the accumulation of profits of 
said corporation shall exceed five per cent, on the amount 
of capital actually paid in : Provided, said dividends do 
not reduce the surplus of profits of said corporation below 
ten 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 tiie 

—23 



178 BANKS — INCORPORATED. 

amount of lit'ty dollars per share lias been ]iaid into the 
said corporation, 
stock to be § 6. The board of directors shall have power to call 
paidinfuii. |'^^, {-j^^ payment of the balance due on the subscriptions to 
the stock of this corporation, at such times as they deem 
Deiinqneut pf oper ; and in the event of the non-payment of the balance 
Btocktobesoid. ciin3 ijy any stockhokler on his stock within sixty days af- 
ter due notice, the board of directors may, at their option, 
enforce the payment of such balance due, or sell by public 
auction, to the best advantage, the amount of stock stand- 
ing in the name of said non-paying stockholder, to any per- 
son or persons ; and the proceeds of such sale, alter deduct- 
ing the costs and exjienses thereof, shall be paid over to 
such non-paying stockholder, who shall thereupon cease to 
be a stuckholder in this corporation ; and the ])urchaser or 
purchasers of said shares of stock shall have and enjoy all 
the privileges and profits accruing or accrued to the said 
shares of stock, and shall become liable for the payment 
of all calls then due or thereafter made on said shares of 
stock. 
Increase of § 7. At any tim3 after the full payment of the original 
capital stock, ^^^^j, ^^ ^^^^ hundred thousand dollars, as hereinbefore pro- 
vided, the directors may increase the capital stock of said 
corporation to any amount, not exceeding five hundred 
thousand dollars, in shares of one hundred dollars each ; 
and said increased stock shall be subject to ail the liabili- 
ties, immunities and privileges of the original stock. Stock- 
holders shall have the option of subscribing to such addi- 
tional stock, 2^7'o rata, within such time as the directors 
may limit. 
Deposits by § ^^ When any deposit [is] made to said corporation by 
men%ow dis- ^ minor, or by a female being or hereafter becoming a mar- 
posed of. ried woman, the said corporation may pay such depositors 
any sums of moupy due them, and their receipt or acquit- 
tance shall be a legal discharge to said corporation there- 
for. 
A r>iisr9mer | 9. A mlsuomer of said corporation in any deed, gift, 
not to invalidate ^j.^^^j. ^^. other instrument, contract or conveyance, shall not 
vitiate the same, if the corporation shall be euiliciently de- 
scribed therein to declare the intention of the parties. 
An-jiiai election g 10. The election (tf directors of this company shall be 
of curecturs. jj^j,| .^,,1-^^.^}] j^ ^t the otiice of the company ; and the board 
shall o;ive at least ten days' notice thereof to the stock- 
holders, in such manner as they may determine. Every 
election for directors shall be by ballot, and the name and 
number of shares of each stockholder voting shall be in- 
dorsed on the ballot, and a plurality of votes shall elect. 
Every stockholder shall be entitled to one vote for every 
.share of capital stock standing in his or their name in the 
books of the company ; and he may vote in person or by 
proxy. Any omission or failure to elect directors shall not 



BANKS — INCOIiPOEATED. 1 i if 

iu]l)pAr in anywise the right of stockholders, depositors or 
others interested. The directors so elected shall hold until 
their successors are duly elected and qualified. 

§ 11. That said corporation may have a common seal, ^^t, ^^iid. 
which they may change or renew at pleasure ; and that all 
deeds, conveyances or grants, covenants and agreements 
made by their president, cashier or other person, by their 
authority and direction, according to their instructions, shall 
be good and valid ; and said corporation shall at all times 
have power to sue and may be sued, to plead and be im- 
pleaded, and defend, and shall be ruled to answer by the 
name and style of the corporation. 

§ 12. The stockholders thall be responsible, in their stockholders' 
individual property, in doable the amount of their stock, '^^^'^'^'y- 
to make good all losses to depositors or others ; and no 
assignment of their stock shall release them from said lia- 
bility, 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 print- 
ed in the county where this corporation is doing business 
and located, for the period of three months. Said company g^^-g^t to fu- 
shali be subject to any general law of this si ate on the txuo provisions, 
subjects of banks or banking. This act shall be void 
unless said company shall organize and proceed to busi- 
ness within two years after the passage hereof. This cor- 
poration shall be subject to the provisions of any gene- 
ral law hereafter passed on the subject of banking, trust or 
deposit companies. 

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

Approved March 31, 1869. 



AN ACT to incorporate the Normal Banking Company. In force March 

13, 1S89. 

Section 1. Be it enacted hij the People of the State of 
Illinois, represented in the General Assembly^ That David corporators 
Davis, Geo. W. Park, Eobert E. Williams, Jesse W. Fell, 
John M. Snyder, O. M. Coleman, Alfred Orendorff', Kich- 
ard Edwards, William A. Pennall and William M. Smith, 
and their associates and successors, and all such persons as 
shall become stockholders in the corporation hereby cre- 
ated, shall be a body politic and corporate, by the name 
and style of " The Normal Banking Company ;'" and shall Name and style. 
.have succession, a common seal, and power to plead and be 
impleaded, to sue and be sued, to appoint ail necessary 
assistants ; and may have, enjoy and exercise all the pow- 



180 BANKS — INCORPOKATED. 

ers necesBary to carry out and execute all the purposes and 
intents ot a savings, loan and trust corporation. 
Objects of ihe § 2. Tlic general business and objects of this corpora- 

corporauon. ^-^^^^ g|jj^;[| ^q ^^^ reccivo, ou deposit or in trust, such sum or 
sums of money as may from time to time be oiiered there- 
for, by tradesmen, merchants, laborers, servants and others, 
to be repaid to such depositors when required, at such 
times, with such interest, and under such regulations, 
as the board of directors may from time to time prescribe; 
which regulations shall be posted up in some conspicuous 
place in the rooms wiiere the business of said corporation 
is transacted. 
First bciird of § 3. The busincss of the corporation shall be managed 

directors. ]^y ,^>j-j^ ^^-^q^ directors; and the persons named in section 

one shall be the Urst directors thereof, and shall so continue 
until the first day of May, A.D. 1870, when their succes- 
sors shall be chosen in the manner hereinafter provided. 
Amonui of 8 ^- The Capital stock of said company shall be one 

capital s^iock. hundred thousand dollars, ($100,000,) with power to in- 
crease the same to five hundred thousand dollars, ($500,000,) 
to be prescribed and paid for in the manner provided by 
the by-laws to be formed by this corporation, 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 corporation, in such manner as its 
by -laws may prescribe. 
May borrow § 5. The Said Corporation shall have power to borrow 

cetveVposits^" i^oi^ey, and to receive money on deposit and pay interest 
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 
loans payable either within or without this state, and to 
take such securities therefor, either real or personal, or 
both, as the directors or managers of said corporation shall 
May loan on ^^t^i^ sufiicient, and may secure the payment of such loans 

deeds of trust, by deeds of trust, mortgages or other securities, either 
wdthin or without this state ; may buy and sell negotiable 
paper and other securities; may accept a''d execute all 
such trusts, whether fiduciary or otherwise, as shall or may 
be committed to it by any person or persons, or by the 
order or direction of any court or tribunal, or other legally 
constituted authority, of the state of Illinois, or of the 
United States, or elsewhere ; may make such special regu- 
lations in reference to trust funds, or deposits left for accu- 
mulation or safe keeping, as shall be agreed upon with the 
depositors or parties interested, for the purpose of accumu- 
May issue If > lating or increasing the same; may issue letter's of credit 

etc! °^ "^^^'' and other commeiclal obligations — not, however, to circu- 
late as money ; and may .secure the payment of any loans 



BANKS — INGOKPORATED, ISl 

made to said cotiipaiiy in any way the directors may pre- 
scribe. 

§ 6. It may be lawful for the company hereby incorpo- May hold and 
rated to purchase and hold such real estate as may be con- t°°e^®^' '■*^^' """ 
venient and useful in 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 said company; to bid for and purchase real 
estate at any sale made in virtue or on account of any loan, 
mortgage or trust made to or held by or for the said com- 
paiuy, or in which it is interested ; and to receive and take, 
in satisfaction of any loan or debt, any real or personal 
estate, and to hold, use, improve, lease and convey the 
same. Any real estate sold under deed of trust, or other „ , 
conveyance held as security by saici corporation, may be of property sold 
redeemed [by] the debtor, his, her or their heirs or credit- trusr ^'''"^' "' 
ors, by the payment of the full amount of debt and costs, 
together with ten per cent, interest on same, at any time 
within twelve months after such sale. No real estate, ex- 
cept such as may be reasonably necessary for the transaction 
of its business, shall beheld by said corporation for a louger 
period than may be reasonably necessary to enable said cor- 
poration to dispose of the same to advantage. 

§ 7. The election of directors of this company shall be Auruaie'.ection 
held annually, at the office of the company ; and the secrc- °' ^^^'^^'-'''°i"-- 
tary shall give at least ten days' notice thereof to the stock- 
holders, in such manner as they may determine. Every 
election for directors shall be by ballot, and the name and 
number of shares of each stockholder voting shall be in- 
dorsed on the ballots ; and a plurality of votes shall elect. 
Every stockholder shall be entitled to one vote for every votc of stock- 
share of capital stock standing in his or their name on the '^°'''°''®- 
hooks of the company ; and he or they may vote in person 
or by proxy. Any omission or failure to elect directors 
shall not impair in anywise the rights of stockholders, 
depositors, or others interested. The directors so elected 
shall hold until their successors are duly elected and quali- 
fied. 

§ 8. Married women and minors may, in their own Depositsofmi- 
namesj subscribe for stock and deposit money with said women.hJI'wdis- 
corporation, and receive certificates of stock and of deposits po^edof. 
in their own names ; which stock and deposits shall be 
subject to their disposal and order, only ; and their receipt 
or acquittance shall be a legal discharge to said corporation 
therefor. 

§ 9. The board of directors shall have power to declare Dividends. 
dividends on the stock of said association out of the profits 
of the business thereof, from time to time, as they shall 
deem for the interest of the stockholders ; and shall have 
power to provide for the increase of the capital stock of 
this association, under the hmits of this charter. 



182 BANKS — INCORPORATED. 

Stockholder!. § 10. All the Stockholders of said corporation shall bo 
SoMibie^'^ '"" severally and individually liable to the depositors, to the 
amount of stock held by them, respectively ; and such lia- 
bility shall continue for six months after the sale and trans- 
fer of said stock by any stockholder; and all suits brought 
against any stockluilder must be commenced within six 
months from the time he shall cease to be a stockholder. 
Tomakfiniie- ^^ n. Said Corporation is hereby authorized to establish 
audieguation^. ^^^^.^ i-jiep, regulations and by-laws, for the management of 
tlieir business, as they may deem proper, and repeal and 
alter the sanie at pleasure, 
Dnmtio.i of § 12. This corporation shall exist for the term of fifty 
corporat.or. ^.^.^^.^ ^^^^ succeeding the first day of March, A.D. 18t)9, 
and shall be entitled to use all its corporate powers, rights 
and privileges for the period of three years thereafter, for 
the sole purpose of closing up its ailairs. 

§ 13. This act shall be deemed a public act, of which 
all courts and magistrates shall take notice, and shall take 
efifct on and after its passage. 
Appkoyed Alarch 13, 18o9. 



In' force March ^X ACT to incorporate the O'Fallon Bunkiii;:' Compaiiv. 

3'-, ISliM. ^ of. 

Section 1. Be it enacted ~by the People of the State of 
Illinois^ represented m the General Assemhly, That Charles 

corijorators. Tlederman, B. J. VanCourt, Joseph Penn, James H. At- 
kinson, Joshua L. Bond, and all such persons as shall be- 
come stockholders in the corporation hereby created, and 
their successors, shall be a body politic and corporate, by 

Name aud style, the iiamc aud Style of "The O'Fallon Banking Company," 
and shall have a common seal, which they may alter orrenew 
at pleasure ; power to plead and be impleaded, and defend and 
be defended, in all courts of law and equity ; to have and 
exercise powers incident to corporate bodies. Said corpora- 
tion shall be located in the town of O'Fallon, in the county 
of St. Clair, and state of Illinois, 
opeu hooks for g 2. A majority of the corporators herein named may 

Bu ac.ip .00. p;.QQgQ(_| ^^, open books for subscription to the stock of said 
corporation, and shall, at the same time, or thereatter, desig- 
nate a time and place for the first election of directors of said 
corporation, by parties subscribing to the stock thereof; and 
each share of stock so subscribed shall be entitled to one 
vote. 

Capital stock. g 3. The Capital stock of said corporation shall be twenty- 
five thousand dollars, with power to increase the same to 
one hundred thousand dollars ; and shall be divided into 
shares of one hundred dollars each, which shall be deemed 



BANKS — INCOKPOEATED. 1S3 

personal property, subject to taxation, and shall be transfer- 
able on tlie books of the corporation in accordance with the 
rules thereof. 

§ 4. Tlie said corporation shall have power to borrow mo- Borrow money 
ney, and to receive money on deposit, and pay interest there- JosUs!'^'^'^^ ^"^ 
on, and to loan money, either within or without this state, at 
any rate of interest not exceed inoj that now or hereafcer al- 
lowed by law to private individuals ; and to discount loans — 
and in computation of time thirty days shall be deemed a 
month and twelve months a year — and to make such loans 
payable either within or without this state, and to take 
such securities therefor, real or personal or both, as the di- 
rectors or managers shall deem sufficient ; and may secure 
the payment of such loans by deeds of trust, mortgages or 
other secnritics, either within or without this state ; may May loan on 
buy and sell negotialjle paper and other securities; may cieeds of trust. 
purchase and sell real estate, and shall have the power to 
convey the same in any mode prescribed by the by-laws 
of said corporation ; may accept and execute all such trusts, 
whether fiduciary or otherwise, as shall or may be com- 
mitted to it by any person or persons, or by the order of 
any court or tribunal or other legally constituted authority 
of "the state of Illinois or of the United States, or else- 
where; may make such special regulations in reference to 
trust funds or deposits left for accumulation or safe-keeping 
as shall be aoreedupon with depositors or parties interested, 

,, , , ^^ ^ •" 1 , • • • ii May issue let- 

ior the purpose oi accumulating or mcreasing the same ; ters or credit 
may issue letters of credit and other commercial obliga- nSdai^^obifg™- 
tions, not however to circulate as money ; and may fee- tions. 
cure the payment of any loans made to said corporation in 
anj^way the directors of taid corporation may prescribe. 

§ 5. Married women and minors may in their ow-n Minors ana 
name subscribe for stock and deposit money with said cor- SayilkeTtSik; 
poration, and receive certificates of stock and deposits in 
their own names, which stock and deposits shall be subject 
to their disposal and order only. 

§ 6. The said corporation shall have power to [>urchase ,eai a^lpSon- 
and liold such real estate as may be necessary for the trans- aicstme. 
action of a ho7ia Jide banking business, and to take and 
hold any real estate as security for and in payment of loaijs 
and debts due or to become due to the corporation, and to 
purchase real and personal estate at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of truit, and to hold, use, 
improve, lease or sell and convey the same. Said carpora- 
tion may make, alter and amend such by-laws, rules and 
regulations, for its management, as are not inconsistent 
with the laws of this state or of the United States : Fi'O- Redemption of 
vided^ that any real estate, sold under deed of trust or other under^deedrof 
conveyance lield as security by said corporation, may *^'"**- 
be redeemed by the debtor, his, her or their creditors, 



184 



BAKKS — INCOEPORATED. 



stockholderj 
'.'ly in full. 



bj the paymencof the full amount of debt and costs, with 
ten per cent, interest on the same, at any time within twelve 
months after such sale : Ancl^ ])rovided^ also, that no real 
estate that may become the property of said corporation, ex- 
cej^t such as njay be reasonably necessary for the transaction 
of a hona fide banking business, shall be held by said cor- 
poration for a longer period than may be reasonably neces- 
sary to enable said corporation to sell and dispose of the 
same to advantage, 

§ T. The business of said corporation shall be con- 
ducted by a board of not less than five directors, to be 
elected annually by the stockholders, who shall hold their 
ottices until their successors are elected and qualified. 
The directors shall be stockholders, and residents of the said 
county. Each share of stock shall be entitled to one vote, 
and may be cast in person or by proxy. The board of di- 
rectors shall elect a president and cashier ; and such other 
officers and agents may be appointed or employed as said 
corporation or its officers may see proper. 

§ S. Before said corporation shall commence busi- 
ness the stockholders shall pay the several amounts sub- 
scribed in full ; and no increase of said capital stock shall be 
made at anytime, unless the amount thereof shall be paid 
into said corporation at the time of the issue of snch stock ; 
and the whole capital stock, including such increase, shall 
not exceed in amount the actual value of the property of 
said corporation at the time of the issue of such increased 
stock. 

§ 9. Whenever default shall be made in the payment 
of any debt or liability contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount ecpial to the amount of stock held by them, respec- 
tively ; and such liability shall continue until three months 
after an assignment of the stock, and publication of a no- 
tice thereof, in a newspaper published at the said town of 
O'Fallon, or the county of St. Clair, and state of Illinois. 

g 10. This act shall bo void unless said corporation shall 
organize and proceed to business within two years after the 
passage of this act. 

§11. No director of said corjjoration shall be indebted 

indebted- to said corporation, either directly or indirectly, at any time, 

to an amount greater than seventy-five per centum of the 

amount of the capital stock held by snch director in his 

own name, in good faith, as his own. 

§ 12. Tills act shall be deemed a public act, and shall be 
in force from and after its passatje. 

Appro VKD March 30, 18G9. 



stockholders' 
lia!)iiitv. 



Limit of direc- 



BANKS INCORPOEATED. 185 



AN ACT to incorporate the Ottawa Banking Company. In 2^1369 '^"'^'^ 

Spjction 1. Be it enacted by the People of the State of 
Illinois^ represented in the General AssemUy, Thttt Fred- corporators. 
erick A. Sherwood, Richard Thome, Edwin R. Fay, 
Aison Ward, John P. Anthony, John F. McKinley, Ed- 
ward L. Herrick, 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 of "The Ottawa Banking Company;" and shall Name aud style. 
have a common seal, which they may alter or renew at 
pleasure; po^ver to plead and be impleaded, and defend and 
be defended, in all courts of law and equity; to have and 
exercise powers incident to corporate bodies. Said corpora- 
tion shall be located in the city of Ottawa^ in the county 
of LaSalle, and state of Illinois. 

§ 2. A majority of the corporators Jieroin named may open iiooks for 
proceed to open books for subscription to the stock of said ^»^®"'p''=°"- 
corporation, and shall, at the same time, or thereafter, des- 
ignate a time and place for the first election of directors of 
said corporation 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 corporation shall be Amount of 
fifty thousand dollars, with power to increase the same to capital stock. 
two hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each, which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation, in accordance 
with the rules thereof. 

§ 4. The said corporation shall have power to borrow . -j^^^^ borrow 
money, and to receive monev on deposit, and pay interest m9°ey and re- 

,, "^ ' J ^ 1 " -,1 ^-,1 • -,1 , .1 • ceive aeposits. 

thereon, and to loan money either within or without tins 
state, at any rate of interest not exceeding that now or 
hereafter allowed by law to private individuals, and to 
discount loans — and in computation of time thirty days shall 
be deemed a month, and twelve months a year — and to 
make such loans payable either within or without this state, 
and to take such securities therefor, real or personal, or 
both, as the directors or managers of said corporation shall 
deem sufficient, and may secure the payment of such loans ^ay loan on 
by deeds of trust, mortgages or other securities, either ^^edd of trust, 
within or without this state'; may buy and sell negotiable 
paper and other securities; may purchase and sell real 
estate, and shall have the power to convey the same in any 
mode prescribed by the by laws of said corporation ; may 
accept and execute all such trusts, whether fiduciary or 
otherwise, as shall or may be committed to it by any per- 
son or persons or by the order or direction of any court 
or tribunal, or other legally constituted authority of the 
—24 



186 BANKS — INCOKPOr.ATED. 

Btate 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 depositors or parties interested, for the 
purpose of accumulating or increasiug the same ; may issue 
letters of credit and otiier commercial obligations, not, how- 
ever, to circulate as money, and may secure the pay- 
ment of any loans made to said corporation in any way the 
directors of said corporation may prescribe. 
Married wo- § 5. Married women and minors may, in their own 

Sly fa^keSk! names, subscribe for stock and deposit money with said cor- 

poiation, and receive certificates of stock and deposits in 

their own names, which stock and deposits shall be subject 

to their disposal and order only. 

Purchase, hold § 6. The sald curpo'^ation shall have power to purchase 

estate!^^^^ ^^^^ ^^^ ^^^^ such real est^'te as may be necessary for the trans- 
action of a bona jid.e banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debtS due or to become due to the corporation ; and to 
purchase real and personal estate at any sale to enforce 
its securities, or the payment of debts due, made by virtue 

deeds^of'trusr ^^" ^"^ proccss, mortgage or deed of trust ; and to hold, 
use, impro\^e, lease or seU and convey the same. Said cor- 
poration may make, alter and amend such by-laws, rules and 
regulations for its management as are not inconsistent with 
the laws of this stats or of the United States : Provided^ 
that any real estate sold under deed of trust or other convey- 

be^eXmed™*^ anco held as security by said corporation, may be redeemed 
by the debtor, his, her or their heirs or creditors, by the 
payment of the full amount of debt and cost, with ten per 
cent, interest on same, at any time within twelve months 
after such sale: And 2)rovided,also, that no real estate that 
may become the property of said corporation, except such 
as may be necessary in the transaction of a hnna fide bank- 
ing business, shall be held by said corporation for a longer 
period tlian may be reasonably necessary to enable said 
corporation to sell and dispose of the same to advantage. 
Board of direc- § ^- The business (if said Corporation shall be Conducted 
by a board of not less than live directors, to be elected an- 
nually by the stockholders, who shall hold their ofhces until 
their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. Each 
share of stock shall be entitled to one vote, and may be 
cast in. person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see proper, 
stockholders § 8. Before said corporation shall commence business, 

to pay la full, ^j^g stockholders shall pay the several amounts subscribed, 
in full; and no increase of said capital stock shall be made 
at any time, unless the amount thereof shall be paid into 



tore to consist 
of five. 



BANKS INCORPORATED. 



isr 



tors' indetitecl- 
uess. 



said corporation at the time of the issue of siicli stock ; and 
the whole capital stock, includin^^ such increase, shall not 
exceed in amount the actual value of the property of said cor- 
poration at the time of the issue of sucli increased stock. 

§ 9. Whenever default shall be made in the payment jj^^tj^^^^"''^^''®' 
of any debt or liability contracted by said corporation, the ^^ ^ ^' 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, respect- 
ively ; and such hability shall continue until three months 
after an assignment of the stock and publication of a notice 
thereof in a newspaper published at said city of Ottawa, in 
the county of LaSalle, and state of Illinois. 

§ 10. This act shall be void unless said corporation when act to 
shall orc^anize and proceed to business within two years ^® ^°^'^- 
afcer the passage of tliis act. 

§ 11. ^No director of said corporation shall be indebted Limitofdirec 
to said corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum 
of the amount of the capital stock held by such director, in 
his own name, in good faith, as his own. 

§ 13. This act shall be deemed a public act, and shall 
be in f jrce fi'ora and after its passage. 

Approved March 29, 1869. 



AX ACT to incorporate the Pcacific Bank. In force March 

26, 1869. 

Section 1. Be it enacted hy the Peojjle of the State of 
Illinois, represented in the General AssewMy, That Joseph Corporators. 
"W. Hilmer, William T. liogan, 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 of "The Pacific Bank," and shall Name and atyie. 
have a common seal, which they may alter or renew at 
pleasure; power to plead and be impleaded, and defend 
and be defended, in all courts of law and equity ; to have 
and exercise powers incident to corporate bodies. Said 
corporation shall be located in the city of Chicago, in the 
county of Cook, and state of Illinois. 

§ 2. A maiority Df the corporation herein named mav Opeu books 
proceed to open books for subscription to the stock of said f^^' ^'^^^«"p"°'^ 
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 corporation shall be five Amount of 
hundred thousand dollars, with power to increase the same ^^^"^' ^^^'^^' 



188 UANKS — IXCOKPOHATED. 

to one million dollars, and shall bo divided into shares of 
one hundred dollars; which shall ho deemed i/ersonal pro- 
erty, subject to taxation, and shall be transferable on the 
book of the corporation in accordance with the rules thereof. 
mSy Jnd™^- § ^- The Said corporation shall have power to borrow 
ceive deposits, monoj, buy and sell bills of exchange and other commer- 
cial obligations, loan money and ditcouiit notes in accor- 
dance with bank usage, receive money on deposit, and may 
also accept and execute all trusts which may be commiited 
to it by any person, or by order of any court. Said corpo- 
ration shall confine its business, exclusively, to a commer- 
cial and exchange banking business. 
May hold and g 5. The Said Corporation shall have powor to purchasc 

convey real es- S i i n , , "^ , , ^ ,. , > , 

tate. and hold such real estate as may be necessary lor the trans- 

action of a hona fide baTdcing business, and to take and hold 
any real estate, as security fur and in payment of loans and 
debts due or to become due to the corporation ; and to pur- 
chase real and personal estate, at any sale to enforce its 
securities or the payment of debts due, made by virtue of 

dpeSof^trus^s"! ^^.7 P^'ocoss, mortgage or deed of trust, and to hold or sell 

' and convey : Provided, that any real estate, sold under 

deed of trust or other conveyance held as security by said 

ofpnip™rtysoid Corporation, may be redeemed by the debtor, his heir or 

under deed of their hoirs or creditors, by the payment of the full amount 
of debt and cost, v^ich ten per cent, interest on same, at any 
time within twelvemonths after such sale : And provided, 
also, that no real estate that may become the property, ex- 
cept such as may be necessary lor the transaction of a bona 
fide banking business, shall be held by said corporation for 
a longer period than may be necessary to enable said corpo- 
ration to sell and dispose of the same to advantage. 

Five directors. g Q^ The busiuoss of Said Corporation shall be couductod 
by a board of not less than five directors, to be elected an- 
nually by the stockholders, who shall hold their offices until 
their successors are elected and qualified. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other oflicers and 
agents may be appointed or employed as said corporation or 
its officers may see proper. 

of^slocifTo^^^be § '''• Before said corporation shall commence business 

paid in. the Stockholders shall pay the several amounts subscribed, 

in full ; and no increase of said capital stock shall be made, at 
any time, unless the amount thereof shall be paid into said 
corporation at the time of the issue of such stock ; and the 
whole capital stock, including such increase, shall not ex- 
ceed m amount the actual value of the property of said cor- 
poration at the time of the issue of such increased stock, 
'd^rem'ation^ ^^^^ corporation may make such rules, regulations and by- 



BANKS — INCORPORATED. 18!) 

laws as are not iiiconsistent with the laws of this stale or tlie 
Uuiied Statetf. 

§ 8. Whenever default shall be made in the payment ijeKJoaS 
of any debt or liability contracted by said corpi>ration, the 
stoclvholders shall be held individnally responsible for an 
au:i0unt equal to the amount of stock held by them, respec- 
tively ; and such liability sliall continue until six months 
al"ter an assignment of the stock, and publication of a no- 
tice thereof, in a newspaper published at the said city of 
Chicago, in the county of Cook, and state of Illinois. 

S 9. Kothino; in this act shall be construed as to invest Not to be a 
sa.d corporation with power to do the business oi a savings 
baiik ; and the said corporation hereby created is expressly 
prohibited from in any way announcing or advertising 
itself as a savings bank, or as receiving saving deposits, and 
from paying interest on deposits, under penalty of forfeiting 
its charter. 

§ iO. This act shall be void unless said corporation shall ^'''- ^^lenvoid. 
organize and proceed to business within two years after the 
passage of this act. 

§ IL. N'o director of said corporation shall be indebted , Limitcfdirec- 
to said [corporation | either directly or indirectly, at any ness. 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

§ 12. This'act shall be deemed a public act, and shall j^^^l^^.f* *° 
be in force from and after its passage. 



AX ACT to incorporate the Pekin Bankin"; Company. In force Marcli 

Section 1. Be it enacted hy the People of the Slate of 
Illinois, represented in the General Assembly, That Golum- corporators. 
bus R. Cummins, Ties Smith, C, J. D. Rupert, B. S. Pret- 
tyman, George Grigs, John B. Cohrs, Peter Wigherich, 
John Hergst and Gordis Cobleigh, 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 audstyleof "The Pek'in Banking Company," Name and style. 
and shall have a common seal, which they may alter or re- 
new at pleasure; power to plead and be impleaded, and 
defend and be defended, in all courts of law and equity; 
to have and exercise powers incident to corporate bodies. 
Said corporation shall be located in the city of Pekin, in 
the county of Tazewell, and state of Illinois. 



390 BANKS — INCOKPOEATED. 

Open bonks g 2. A majoritj of the corporators herein uatned may 
tfou. "" ^"^^'' proceed to open books for subscription to tlie stock of said 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place ior the hist election of directors of 
said corporation, by parties subscribing to the stock thereof; 
and each share of stock so subscribed for shall be entitled 
to one vote. 
Amount . f R g ']^\-^q capital stock of said corporation shall be one 

capital stock. , '^ , , , ^ i i n • > •'■ • i 

hundred thousand dollars, with power to increase the same 
to one hundred and tifty thousand dollars, and shall be di- 
vided into shares of one hundred dollars each ; which 
shares shall be deemed personal property, subject to taxa- 
tion, and shall be transferable on the books of the corpora- 
tion ill accordance with the rules thereof. 
rafniy '"^TVe- § ■^- '^^^^ Said Corporation shall have povrer to borrow 
ceive "deposits, money, aiid to receive money on deposit and pay interest 
therton, 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 deemed a month, and twelve months a year — and to 
make such loans payable either within or without this 
state; and to take such securities therefor, real or personal, 
or both, as the directors or managers of said corporation 
shall deem suthcient; and may secure the payment of such 
May loan oa loaus bv decds of trust, mortal-ages or other securities, 

dec >s ol trust. ^ 3 o & / 

either within or without this state ; may buy and sell ne- 
gotiable paper and ottier securities ; may purchase and 
sell real estate, and shall have the power to convey the 
tame in any mode prescribed by the by-laws of said corpo- 
ration ; may accept and execute Till such trusts, whether 
riduciary or otherwise, as shall or may be committed to it 
by any person or persons, or by the order or direction of 
any court or tribunal, or other legally constituted authority 
of the state of Illinois or of the United States or elsewhere; 
Special regu- may make such special regulations, in reference to trust 

Jatious of trust ,. •', , -^ i lv ■• i ^- .• i 

funri atid de- luuds or dcposits Iclt lor accumulation or sate-keepmg, as 
posits. shall be agreed upon with depositors or parties interested, 

for the purpose of accumulating or increasing the same ; 
LottiT.-: of credit may issuc letters of credit and other commercial obliga- 
tions, not, however, to circulate as money ; and may secure 
the payment of any loans made to said corporation in any 
way the directors of said corporation may prescribe. 
Maniedworaen '§ 5. Married women and minors m ly, in their own 
S^eTtock."^""^ ^^^'^^"^^j ^^^'-'^<^^'^^® ^^^ stock and deposit money with said 
corporation, and receive certilicates of stock and deposits in 
their own names ; which stock and deposits shall be sub- 
ject to their disposal and order only. 
May hold and § 6. The Said coi'poration shall have power to purchaso 
llte?^ ^^^^ ^^~ and hold such real estate ^ may be necessary for the trans- 
action of a bona fide banking business, and to take and 



BANKS — INCOKPOKATED. 



191 



hold any real estate, as security for and in payment of loans 
and debts due or to become due to the corporation, and to 
purchase real and personal estate, at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, morto'age or deed of trust, and to hold, use, 
improve, lease, sell and convey the same. Said corpora- 
tion may make, alter aud amend such by-laws, rules and 
regulations, for its management, as are not inconsistent 
with the laws of this state or of the United States : Pro- 
vided, that any real estate, sold under deed of trust or other 
conveyance held as security by said corporation, may be 
redeemed by the debtor, his, her or their heirs or creditors, Redemptiou of 
by the payment of the fall aniount of debt and costs, with lm°er' Led^'^oV 
ten per cent, interest on same, at any time within twelve *'^'^®'^- 
months after such sale : Provided, also, that no real estate 
that may become the property of said corporation, except 
such as may be reasonably necessary in the transaction of 
its business, shall be held by said corporation for a longer 
period than may be reasonably necessary to enable said cor- 
poration to sell aud dispose of the same to advantage. 

§ 7. The business of said c-jrporation shall be conduct- to^°oco°a4'7or 
ed by a board of not less than live directors, to be elected five. 
annually by the stockholders, who shall hold their offices 
until their successors are elected and qualitied. The direc- 
tors shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors 
shall elect a president and cashier ; and such other officers 
and agents may be appointed or employed as said corpora- 
tors or its officers may see proper. 

§ 8. Before said corporation shall commence business f '^u^^'^'q f^'jif '° 
the stockholders shall pay the several amounts subscribed, 
in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased 
stock. 

§ 9. Whenever default shall be made in the payment .^'^!^'\V °^ 
of any debt or liability, contracted by said corporation, the ^°'^' ° 
stockholders shall be held individiuilly responsible tor an 
amount equal to the amount of stock held by them, respec- 
tively ; and such liability shall continue until three months 
after an assignment of the stock, and publication of a no- 
tice thereof, in a newspaper published at the said city of 
Pekin, in the county of Tazewell, and state of Illinois. 

§ 10. This act shall be void unless said corporation Act, when void. 
Bhall organize and proceed to business within two years 
after the passage of this act. 



192 BANKS — INCOKPOKATED. 

LiKit of iu- § 11. xso director of said corporation shall be indebted 

dSSr^ ""^to said corporation, either directly or indirectly, at any 

time, for an amount greater than seventy-iive per centum 

of the amount of the capital stock held by such director in 

his own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall 
be in force from and after its passage. 
Appeoved March 31, 1869. 



la force April AN ACT to incorporate the People's Bank. 

19, isoy. 

Section 1. Be it enacted by the Per/pie of the State of 
Illinois^ represented i)i the General Assembly^ That Wil- 
liam 11. Hawkins, Edward K. Allen, W. B. Allen, Lorenzo 

corporators. ^^ ]^yr^^y^ T. 0. Moore, G. W. Quercau and J. T. Barr, and 
all such persons as shall become stockholders in the corpo- 
ration hereby created, and their successors, shall be a body 

Name and stjie. polit'c and corporate, by the name and style of ''The Peo- 
ple's Bank," and shall have a common seal, which they 
may alter or renew at pleasure ; power to plead and be im- 
pleaded, defend and be defended, in all courts of law and 
equity ; to have and exercise powers incident to corporate 

Location. bodics. Said corporation shall be located in the city of 

Aurora, in the county of Kane, and state of Illinois. 
Open honks § 2- A majority of the corporators herein named may 

for Bubscripiion proceed to Open books for subscription to the stock of said 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place fur the first election of directors of 
said corporation, 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 corporation shall be one 
hundred thousand dollars, with power to increase the same 
to three hundred thousand dollars, and shall be divided 
into sliares of one hundred dollars each ; which shares shall 
bo deemed personal property, subject to taxation, and shall 
be transferable on the books of tlie corporation in accord- 
ance with the rules thereof. 
May borrow S 4. The Said Corporation shall have power to borrow 

money and re- i. • i • , ^ •, , 

ceivs deposits, monc}^, and to receive money on deposit, and pay interest 
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 
discount loans — and in computation of time thirty days 
shall be a month, and twelve months a year — and to make 
such loans payable either within or without this state, and 
to take such securities therefor, real or personal, or both, 



BANKS — INCOKPOEATEI). 1 93 

as the directors or raanae:ers of said corporation shall deem 
sufficient, and may secure the payment of such loans by 
deeds of trust, mortgages or other security, either within or 
without this state ; may buy and sell negotiable paper and 
other securities : may purchase and sell real estate, and shall May hold and 

1 .1 ', ^ ^ ,1 • ^ Ml convey real es- 

have the power to convey the same m any mode prescribed tate. 
by the by-laws of said corporation; may accept and execute 
ail such trusts, whether fiduciary or otherwise, as shall or 
may be committed to it by any person or persons, 
or by the order or direction of any court or tribunal, 
or other 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 interested, for the pur- 
pose of accumulating or increasing the same ; may issue let- Letters of 
ters of credit and other commercial obligations, not however commercfa]'*oi> 
to circulate as money; and may secure the payment of any ligations. 
loans made to said corporation in any way the directors of said 
corporation may prescribe. 

§ 5. Married women and minors inay, in_ their own ^Smf^l^^ay 
name, subscribe for stock and deposit money with said cor- take stock. 
poration, and receive certiticates of stock and deposits in 
their own names ; which stock and deposits shall be sub- 
ject to their disposal and order only. 

§ 6. The said corporation shall have power to purchase and May hold rea i 

1111 1 , ' 1 I' ^1 . - • estate for use 

hold such real estate as may be necessary lor the transaction orgecurity. 
of a bo7ia fidehavikiu^ business, and to take and hold any real 
estate as security for and in payment of loans and debts 
duo or to become due to the corporation ; and to purchase 
real and personal estate, at any sale to enforce its securities 
or the payment of debts due, made by virtue of any pror 
cess, mortgage or deed of trust, and to hold, use, improve, 
lease or sell and convey the same. The said corporation 
may make, alter and amend such by-laws, rules and regu- 
lations, for its management, as are not inconsistent with 
the laws of this state. 

§ 7. The business of said corporation shall be con- e,gj^tg^*^annuai- 
ducted by a board of not less than five directors, to be ly — privileges, 
elected annually by the stockholders, who shall hold their p°^"'''' "''• 
offices until their successors are elected and qualiiied. The 
directors shall be stockholders, and residents of the said 
county. Each share of stock shall be entitled to one vote, 
and may be cast in person or by proxy. The board of 
directors shall elect a president and cashier; and such other 
officers and agents may be employed and appointed as said 
corporation or its officers may see proper. 

§ 8. Befoie said corporation shall commence business, stockholders 
the stockholders shall pay the several amounts subscribed, "p^^^"^ 
in full ; and no increase of said capital stock shall bo made, 
at any time, miless the amomit thereof shall be paid in- 
—25 



liability, 



mny be void. 



Indebtedness 
of director. 



194 BANKS — INCORPOKATED. 

to said corporation at the time of the issue of such stock; 
and the whole capital stock, inchidiug such increase, shall 
not exceed in amount the actual value of the property of 
said corporation at the time of the issue of such increased 
stock, 
stockholders' § 9. Whenever default ehall be made in the payment 
of any debt or liability, contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, respect- 
ively ; and such liability shall continue until three months 
after an assi^ument of the stock, and publication of a notice 
thereof, in a newspapiir published at the said city of 
Aurora. 
When this act § 10. Tliis act shaU be void unless said corporation 

""' ' shall organize and proceed to business within two years 

after the passage of this act. 

§ 11. ISTo director of said corporation shall be indebted 
to said corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

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

ArrEOVED April 19, 1869. 



In force March ^^ ^CT to incorporate the Teople's Bank of Belleville. 

27, 1869. 

Section 1. Ijo it enacted hy the Feojjle of the State of 
Illinois, represented in the General Assembly, That Jacob 

Corporators. Maurcr, Chai'les F. Noeliing, Joseph Abend, Charles 
Gooding, Frederick II. Pieper, Jacob B. Eeutchler, Moritz 
Dobselmetz, Thompson A. Clienot, Peter Karr, Joseph 
Hausez, W. Maus, F. Ropiequet Amos, and all such 
persons as shall become stockholders in the corporation 
hereby created, and their successors, shall bo a body politic 

Nameaudetyie. and Corporate, by the name and style of "The People's 
Pank of Belleville;" and shall have a common seal, which 
they may alter or renew at pleasure ; power to plead and 
be impleaded, and defend and be defended, in all courts of 
law and equity ; and have and exercise powers incident to 
corpoi'ate bodies. Said corporation shall be located in the 
city of Belleville, and state of Illinois. 
To open books § 2. A majority of the corporators herein named may 

for subscription. pj-Qceed to opcu books for subscriptions to the stock of said 
corporation ; and shall, at the same time or thereafter, des- 
ignate a time and place for the first election of directors of 
said corporation, by pjirties subscribing to the stock tu^si'eot; 



BANKS — INCOKPOKATED. 195 

and each share of stock so subscribed for shall be entitled to 
one vote. 

§ 3. The capital stock of said corporation shall be twenty- Amount of 
live thousand dollars, Avith power to increase the same ^''^p'*''^ ^^°^^- 
to one hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each, which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accord- 
ance with the rules thereof. 

§ 4. The said corporation shall have power to borrow May bonw 

'^ , .1 I'll • L L monov and take 

money and to receive money on deposit, and pay interest deposits. 
thereon, and to loan money, either within or without this 
state, at any rate of interest not exceedino; that now or 
hereafter allowed by law to private individuals ; and to dis- 
count loans — and in computation of time thirty days shall 
be deemed a month, and twelve months a year — and to 
make such loans payable either within or without this 
state, and to take such securities therefor, real or per- 
sonal, or both, as the directors or managers of said cor- 
poration shall deem sutiicient : and may secure the pay- ^^ay ^^ ^oan 
ment of such loans, by deeds of trust, mortgages, or other of trust. 
securities, either within c»r without this state ; may buy and 
sell negotiable paper and other securities ; may purchase and 
sell real estate, and shall liave the power to convey the same 
in any mode prescribed by the by-laws of said 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 the order or direction of any 
court or tribunal, or other legally constituted authority of 
the state of Illinois or ot the United States, or elsewhere ; 
may make such special regulations, in reference to trust ^^^^ 
funds or deposits left for accumulation or safe-keeping, asiunds.' 
shall be agreed upon with depositors or parties interested, 
for the purpose of accumulpiting or increasing the same ; 
may issue letters of credit and other commercial obliga- teS^of^Tredu 
tions, not, however, to circulate as money; and may se- and other com- 

\i ' , ; , ^ 1 , "^ • T ■■ mercial oblicia- 

cure the payment of such loans made to said corporation uons. 
in any way the directors of said corporation may prescribe. 
Any real estate, sold under deed of trust or other convey- 
ance, held as security by said corporation, may be redeemed 
by the debtor, his, lier or their heirs or creditors, by the 
payment of the full amount of debt and costs, with ten per 
cent, interest on same, at any time within twelve months 
after such sales, 

§ 5. Married women and minors may, in their own Maniedwo- 

, -T n ,1 T^i .,"'' .,1 .- men and minors 

name, subscribe tor stock and deposit money with saiQ may take stock, 
corporation, and receive certificates of stock and deposits 
in their own names ; which stock and deposits shall be sub- 
ject to their disposal and order only. 

§ 6. The said corporation shall have power to purchase Mayhoid and 
and hold such real estate as may be necessary for the trans- t"°e?^ ^°^' ^^' 



Special regu- 
lations for trust 



196 BANKS — INCCRPOBATED. 

action of a honafide bunking business, and to take and hold 
any real estate, as security for and in payment of loans and 
debts due or to become due to the corporation ; and to pur- 
chase real and personal estate at any sale to enforce its securi- 
ties or the payment ot debts due, made by virtue of any pro- 
cess, mortgage or deed of trust, and to hold, use, improve, 
lease or sell and convey the same. And said corporation 
may make, alter and amend such by-laws, rules and regu- 
lations, for its nianagem^ent, as are not inconsistent with 
the laws of this state or of the United States. 

Five directors. § 7. The business of said corporation shall be con- 
ducted by a board of not less than five directors, to be 
elected annually, by ti^se stockholders, who shall hold their 
offices until their successors are elected and qualified. The 
directors shall be stockholders, and residents of the 
said county. Each share of stock shall be entitled to 
Eiec<ion of ouG votc, and may be cast in person or by proxy. The 

officers. board of directors shall elect a president and cashier ; and 

such other officers and agents may be appointed or em- 
ployed as said corporation or its officers may see proper, 
stockholders § 8. Before said corporation shall commence business, 

topayiipiniuii. i^\^Q stockholders shall pay the several amounts subscribed 
in full, and no increase of' said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

r g^'°^^bi°^'^^^"^ § ^- Whenever default shall be made in the payment 

respond e. ^^ ^^_^^^ ^^^^ ^^^ liability, contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to the amount of the stock held by them, re- 
spectively ; and such liability shall continue until three 
months after an assignment of the stock, and publication 
of a notice thereof in a newspaper published at the said 
city of Belleville. 

Act, when void. § 10. This act shall be void unless said corporation shall 
organize and proceed to business within two years after the 
passage of this act. 
Limit of in- ^ n, JSTo director of said corporation shall be indebted 

directors." to said Corporation, either directly or indirectl3', or individu- 
ally, at any time, to an amount greater than seventy-five 
per centum of the amount of the capital stock held by such 
director, in his own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall 
be in force from and after its passage. 
Approved March 27, 18(39. 



BANKS — INCORPORATED. 



197 



AN ACT to incorporate tbe People's Bank of Bluomiiigton. In ^^^rml*^^*^'^ 

Section 1. Be it enacted hy the People of the State of 
Illinois^ rejyresented in the General Assembly, That George corporaiovt-. 
W. Parke, Lawrence Weldon, Robert E. Williams, Joba L. 
Routt, Lyman Ferre, Benjamin F. Hoopes, D wight Har- 
wood, Aimon B. Ives, George F. Dick, Nerval Dixon, 
Charles E. Dodge, and their associates and successors, and 
all such persons as shall become stockholders in the corpo- 
ration hereby created, shall be a body politic and corporate, Name and style. 
by the name and style of " The People's Bank of Bloom- 
ington," and shall have a common seal, which they may 
alter or renew at pleasure ; power to plead and be implead- 
ed, and defend and be defended, in all courts of law and 
equity ; to have and exercise powers incident to corporate 
bodies. Said corporation shall be located in the city of 
Blooraington, in the county of McLean, and state of Illi- 
nois. 

§ 2. A majority of the corporation herein named may opened for°iib- 
proceed to open books for subscription to the stock of said scriptioa. 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for the first election of directors of 
said corporation, by parties subscribing to the stock there- 
of ; and each share of stock so subscribed for shall be enti- 
tled to one vote. 

§ 3. The capital stock of said corporation shall be one ^"^^ "°''^'- 
hundred thousand dollars, witli power to increase the same 
to two hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each ; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 

§ 4. The said corporation shall have power to borrow ^^^y boiTow 

1, . '- t •, -< ' . , money and re- 

money, and to receive money on deposit, and pay interest ceive deposits. 
thereon ; and to loan money, either within or without this 
state, at any rate of interest not exceeding that now or here- 
after allowed by law to private individuals ; and to discount 
loans— and in computation of time thirty days shall be ofS!^^'^^^'^ 
deemed a month, and twelve months a year — and to make 
such loans payable, either within or without this state, and 
to take such securities therefor, real or personal or both, as 
the^ directors or managers of said corporation shall deem 
sufficient, and may secure the payment of such loans by ,, , 

1 T r> , , ■'. 1 . • . , • 1 ■ May loan on 

deecls ot trust, mortgages or other securities, either within deeds or trust,. 
or without this state ; may buy and sell negotiable paper 
and other securities ; may purchase and sell real estate, 
and shall have the power to convey the same in any mode 
prescribed by the by-laws of said corporation ; may accept May make 
and execute all such trusts, whether fiduciary or otherwise, cwtain trusts"!^^ 
as shall or may be committed to it by any person or per- 



198 BANKS — INCORPORATED. 

sons, or by the order or direction of any court or tribnnfil, 
or other legally constituted authority of the state of Illinois 
or of the United States, or elsewhere ; may make such spe- 
cial regulations, in reference to trust funds or deposits left 
for accumulation or safe-keeping, as shall be agreed upon 
with depositors or parties interested, for the purpose of ac- 
Loitfi's of cumulating or increasing the same ; may issue letters of 

cicdit. credit and' other commercial obligations, not however to cir- 

culate as money ; and may secure the payment of any loans 
made to said corporation, in any way the directors of said 
corporation may prescribe. 

Maviicd women § 5. Married women and minors may, in their own 

uke'slock' "^"^ name, subscribe for stock, and deposit money with said cor- 
poration, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be subject 
to their disposal and order only. 
May hold § 6. The said corporation shall have power to purchase 

e."tatT°^^"^ ""^''^ and hold such real estate as may be necessary for the trans- 
action of a honafide banking business, and to take and hold 
any real estate as security for and in payment of loans and 
debts due or to become due to the corporation ; and to pur- 
chase real and personal estate, at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpora- 
tion may make, alter and amend such by-laws, rules and 
regulations, for, its management, as are not inconsistent 
with the laws of this state or the United States. 
Board of di- § 7. The busincss of Said Corporation shall bc cojiductcd 

minfivi-. "'^'^ by a board of not less than five directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and duly qualified. The 
directors shall be stockholders, and residents of the said 
county. Each share of stock shall be entitled to one vote, 
and may be cast in person or by proxy. The board of di- 
rectors shall elect a president and cashier ; and such other 
olficers and agents may be appointed or employed as said 
corporation or its ofiicers may see proper. 
storkhDider.? g 8. Before said corporation shall commence business 
oi.ixjiu .lu.i .. ^j^^ stockholders shall pay the several amounts subscribed, 
in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at tlie time of the issue of such increased stock. 
stocidioiders § ^- Whenever default shall be made in the payment of 

resiionsiido. any debt or liability, contracted by said corporation, the 
stockholders shall Ije held individually responsible for an 
amount equal to the amount of stock held by them, respec- 
tively ; and sucli liability shall continue until three months 



BANKS — INCORPORATED. 109 

after an assignment of the Btock, and publication of a notice 
thereof, in a newspaper published at the said city of Bloom- 
ington, in the county of McLean, and state of Illinois. 

§ 10. This act shall be void unless said corporation shall Act, winu vuid- 
organize and proceed to business within two years after the 
passage of this act. 

S 11. 'No director of said corporation shall be indebted Limit of indcbt- 
to said corporation, either directly or mdirectiy, at any time, tor. 
to an amount greater than seventy-five per centum of the 
amount of the capital stock held by such director in his own 
name, in good iaith, as his own. 

§ 12. This act shall be deemed a public act, and shall be 
in force from and afier its ])a3sage. 

Approved March 4, 1869. 



AN ACT to iucorporase the People's Bank of Freeport. lu force Mmch 

i!T, 1^69. 



Cornoiators 



SECTioi^ 1. J3e it enacted hy the People of the State of 
Illinois^ represented in the General Assembly, That Louis F. 
Burrell, John S. Emmert, David II. Sunderland, John liur- 
rell, Orlando B. Bidwell, I. IL Miller, Charles L. Currier, 
and all such persons as shall become stockholders in the 
corporation hereby created, and their successors, shall be a 
body politic and corporate, l)y the name and style of ''The Name au a style. 
People's Bank of Freeport," and shall have a common seal, 
which they may alter or renew at pleasure ; power to plead 
and be impleaded, and defend and be defended, in all courts 
of law and equity ; to have and exercise powers incident to 
corporate bodies. Said corporation shall be located in the 
city of Freeport, in the county of Stephenson, and state of 
Illinois. 

§ 2. A majority of the corporators herein named may opemn- suh- 
proceed to open books for subscription to the stock of said ^cnptioi. Looks. 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for the first election of directors of 
said corporation, 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 corporation shall be fifty Amount, of 
thousand dollars, with power to increase the same to two °^p^^^' '■'^^■''• 
hundred thousand dollars, and shall be divided into shares 
of one hundred dollars each ; which shares shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the books of the corporation in accordance with 
the rules thereof. 



200 B ANK3 — INCOKPORATED. 

Borrow money § tt. TliG Said Corporation shall have power to borrow 
po-it"*^"^° ^-' money, and to receive money on deposit, and pay interest 
tliereon ; and to loan money, either v.-ithin or without this 
state, at any rate of interest not exceeding that now or here- 
after allowed b}' law to private individuals ; and to discount 
compntaiion ioaos — and in computation of time thirty days shall be 
of lime. deemed a month, and twelve months a year — and to make 

such loaus payable either within or without this Gtate, and 
to take such securities therefor, real or personal or both, as 
the directors or managers of said corporation shall deem 
[sufficient, and may secure the payment of such loans by 
Loan money dceds of trust, morto-aojes or other securities, either within 

012 trust 0.600.'^ ^ O cD / 

or without this state ; may buy and sell negotiable paper 
and other securities; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation ; may accept and 
execute all such trusts, wliesher fiduciary or otherwise, as 
shall or may be committed to it by any person or persons, 
or by the order or direction of any court or tribunal, or 
other legally constituted authority of the state of Illinois or 
Special re!>n- uf the United States, or elsewhere; may make such special 
ence"\o^ 'fruet regulations, in reference to trust funds or deposits left for 
fnude. accuuiulation or safe-keeping, as shall be agreed upon with 

depositors or parties interested, for the purpose of accurau- 
^ May issne let- lating 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 corporation, in any way the directors of said corpo- 
ration may prescribe, 
mmi'^andmiuors § ^- Married women and minors may, in their own 
may take stock, name, subscribe for stock and deposit money with said cor- 
poration, and receive certificates of stock and deposits in 
their own names; which stock and deposits shall be subject 
to their disposal and order only. 
May purchase, ^ (5. The Said corporatiou shall have power to purchase 

hold and convey i , , i i i ^ j_ u j? i.i i. 

real estate. and hold such real estate as may be necessary tor the trans- 
action of a ho?ia fide banking business, and to take and 
hold any real estate, as security for and in payment of loans 
and debts due or to become due to the corporation ; and to 
purchase real and personal estate at any sale, to enforce its 
securities or the payment of debts due, made by virtue of 
mortgal*es° and ^^^J P^ocess, mortgage or deed of trust, and to hold, use, 
deeds of trust, improve, Icasc or sell and convey the same. Said corpora- 
tion may make, alter and amend such by-laws, rules and 
regulations, for its management, as are not inconsistent 
with the laws of this state, or of the United States : Pi'o- 
vided, that any real estate, sold under deed of trust or 
other conveyance held as security by said corporation, may 
be redeemed by the debtor, his, her or their heirs or credit- 
ors, by the payment of the full amount of debt and cost, 
with ten per cent, interest on same, at any time within 



BANKS — INCOKPOKATED. 201 

twelve months after such sale : And, provided, also, that 
no real estate that may become the property of said corpo- 
ration, except such as may bo reasonably necessary for the 
transaction of a bo7ia fide banking business, shall be held 
by said corporation for a longer period than may be reason- 
ably necessary to enable said corporation to sell and dispose 
of the same to advantage. 

§ T. The business of said corporation shall be conducted j.effoJg^t°^ "^1" 
by a board of not less than five directors, to be elected sistofflvc. 
annually by the stockholders, who shall hold their offices 
until their succL3SSors are elected and qualified. The direc- 
tors shall 1)0 stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other ofiicers and 
agents may be appointed or employed as said corporation 
or its officers may see proper. 

§ 8. Before said corporation shall commence business stockhowers 
the stockholders shall pay the several amounts subsci-ibed, ^''^^^ *" ^^'"' 
in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment of jjSjSock- 
any debt or liability contracted by said corporation, the holders, 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held b}^ them, 
respectively ; and such liability shall continue until three 
months after an assignment of the stock, and publication of 
a notice thereof, in a newspaper published at the said city 
of Freeport, in the county of Stephenson, and state of Illi- 
nois. 

§ 10. This act shall be void unless said corporation shall ^a'^^f, ^^^ ^'^ 
organize and proceed to business within two years after the 
passage of this act. 

§ 11. No director of said corporation shall be indebted iQaebtednefsof 
to said corporation, either directly or indirectly, at any "^*^ ^^ ™^ ° ' 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director in his 
own name, in good-faith, as his own. 

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

Approved March 27, 1S69. 



—26 



202 BANKS — INCORPORATED. 



In force March AN ACT to incoiporatc the Produce Exchange Bink of Staunton. 

25, 1869. ^ 

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

Corporators. 0. Shij-ley, Jolin II. Hall, Lee A. Hall, James Davis, Wil- 
liam Kidd and Azariali Boody, and all such persons as shall 
become stockholders in the corporation hereby created, and 
their successors, shall be a body politic and corporate, by 

Name and style, the name and style of " The Prodnce Exchange Bank of 
Staunton ;" and shall have a common seal, which they may 
alter or renew at pleasure ; power to plead and be implead- 
ed, and defend and be defended, in all courts of law and 
equity ; to have and exercise powers incident to corporate 
bodies. Said corporation shall be located in the town of 
Staunton, in the county of Macoupin, and sta^e of Illinois. 

Open books for § 2, A majority of the corporators herein named may 

sujscrip lou. pi.(jceed to open books for subscription to the stock of said 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for the lirst election of directors of 
said corporation, by parties subscribing to the stock thereof; 
and each share of stock so subscribed for shall be entitled 
to one vote. 

tauZck' ^^i"- § 3. The capital stock of said corporation shall be one 
hundred thousand dollars, with powder to increase the same 
to live hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each; -which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 
May boiTow g 4. The Said corporation shall have povver to borrow 

money and re- " , , . r i . i 

ceive deposits, uiouey, and to receive money on deposit, and pay interest 
thereon'; and to loan money, cither 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 ot time thirty days shall 
be deemed a month, and twelve months a year — and to 
make such loans payable either within or without this 
state, and to take such securities therefor, real or personal, 
or both, as the directors or managers of said corporation 
shall deem sufficient; and may secure the payment of such 

deS f""^ °° loans by deeds of trust, mortgages or other securities, 
either within or without this state; may buy and sell ne- 
gotiable paper and otlier securities ; may purchase and sell 
real estate : Provided, hoicever, said corporation shall not, 
at any time, hold real estate exceeding fifty thousand 
dollars in value; and shall have the power to convey 
the same, in an}"- mode prescribed by the by-laws of said cor- 

gSlftedl^"^"^ poration ; may accept and execute all such trusts, whether 
fiduciary or otherwise, as shall be committed to it by 
any person or pe-jvions, or by the order or direction of 



BANKS — IlsrCORPORATED. 203 

any court or tribunal, or other 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, lefc for accumulation or safe-keeping, as 
shall be agreed upon with depositors or parties interested, 
for the purpose of accumulating or increasing the same ; 
mav issue letters of credit and other commercial obliga- May issue let- 

, . " , , . • 1 i_ 1 ' tsrg of credit 

tions, not, however, to circulate as money ; and may secure and oiher com- 
the payment of any loans made to said corporation, in any Sf^ ^''^^s'^" 
way the directors of said corporation may prescribe. 

§ 5. Married women and minors may, in their own women aiid 
name, subscribe for stock and deposit money with said cor- lalTstock. ^^^ 
poration, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be sub- 
ject to their disposal and order only. 

§ 6. The said corporation shall have power to purchase Mayhoia and 

1 1 , T 1 ^ , ■'■ _!' j^-j convey roai es- 

and hold such real estate as may be necessary lor the tate. 
transaction of a bona fide banking business, and to take 
and hold any real estate as security for and in payment of 
loans and debts due or to become due to the corporation, 
and to purchase real and personal estate, at any sale to 
enforce its securities or the payment of debts due, made by 
virtue of an}'- process, mortgage or deed of trust, and to 
hold, use, improve, lease or sell and convey the same: Pro- 
vided, that from all sales, under deed of trust or other con- 
veyance, redemption shall be allowed as now provided by Eedemption or 
law in mortgage sales under decree for foreclosure. Said nmter"deed'^*'cr 
corporation may make, alter and amend such by-laws, rules *™*^- 
and regulations, for its managemeRt, as are not inconsistent 
with the laws of this state cr of the United States. 

§ 7. Before said corporation shall commence- business, ^^^^^°jj^^}'|'j^;^°''^ 
the stockholders shall pay the several amounts subscribed, 
in full ; and no increase of said capital stock shall be made, 
at any tinje, unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; 
and the whole capital stock, including such increase, shall 
not exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 

§ 8, The business of said corporation shall be conducted Board of di- 

11 if> .'■-,. 1 lectors to con- 

by a board of not less than five directors, to be elected sist of five. 

annually by the stockholders, who shall hold their offices 
until their successors are elected and qualified. The di- 
rectors shall be stockholders, and residents of the said 
county. Each share of stock shall be entitled to one vote, 
which may be cast in person or by proxy. The board of 
directors shall elect a president and cashier; and such other 
officers and agents may be appointed or employed as said 
corporation or its officers may see proper. 

§ 9. Whenever default shall be made in the payment Liabmty of 
of any debt or liability, contracted by said corporation, the stockholders, 
stockholders shall be held individually responsible for an 



204 BANKS — mCORPORATKD. 

amount equal to double the amount of stock held by them, 
respectively ; and such liability shall continue until three 
months afte*- an assignment of the stock, and publication of a 
notice thereof, in a newspaper published at the said town 
of Staunton, in the county of Macoupin, and state of 
Illinois. 

Act, when void. § ^^- This act shall be void unless said corporation shall 
organize and proceed to business within two years after 
the passage of this act ; and shall be subject to the provi- 
sions of any general law hereafter passed on the subject of 
banking, trust or deposit companies. 
Limit of in- § ^^- ^^ director of said corporation shall be indebted 

(lebtedness of to Said Corporation, either directly or indirectly, at any 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director in his 
own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall 
be in force from and after its ])assage. 
A.PPK0VED March 25, 1869. 



Ill force Marcli AX ACT to incorporate the Red Bud Dank. 

27, 186y. 

Section 1. Be it eriacted hy the People of the State of 
Illinois, rejyresented in the General Assembly, That John 

Corporators. Brickey, O. W. Schriber, Mathias Huth, Emuel Berger, 
John H, Myer, William Snook, William Nelson, Edward 
Schneiderwind, B. C. F. Jansen, and all such persons 
as shall become stockholders in the corporation hereby 
created, and their successors, shall be a body politic and 

Name ami style, corporate, by the name and style of "The Red Bud 
Bank ;" and shall have a common seal, which they may 
alter or renew at pleasure ; power to plead and be impleaded 
and defend and be defended in all courts of law and equity ; 
to have and exercise powers incident to corporate bodies. 
Said corporation shall be located in the city of Red Bud, 
in the county of Randolph, and state of Illinois. 
Subscription § 2. A majority of the corporators herein named may 

cTuai'sfoclk ^'^ P^'*^^^®^ ^^ open 'books for subscription to the stock of 
said corporation, and shall, at the same time, or there- 
after, designate a time and place for the first election of 
directors of said corporation, by parties subscribing to the 
stock thereof; and each share of stock so subscribed for 
shall be entitled to one vote. 

Capital stoci<. § ^' The Capital stock of said corporation shall be 
fifty thousand dollars, with ^power to increase the same 
to one hundred and fifty thousand dollars, and shall be 
divided into shares of one hundred dollars each ; which 



Br'L^KS— IN"COaPORATED. 205 

shares shall be deemed personal property, subject to tax- 
ation, and shall be transferable on the books of the corpo- 
ration in accordance with the rules thereof. 

§ i. The said corporation shall have power to borrow ^'^^'^.^Zi^°fl 
money, and to receive money on deposit and pay interest posits. 
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 tme thirty days shall 
be deemed a month, and twelve months a year — and to 
make such loans payable either within or without this state, 
and to take such securities therefor, real or personal, or 
both, as the directors or managers of said corporation shnll 
deem sufhcient, and may secure the payment of such loans on'^Teei^°^cI 
by.deeds of trust, mortgages or other securities, either with- ti-"st. 
in or without this state ; may buy and sell negotiable paper 
and other securities; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said 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 the order or direction of any court or tribunal, or 
other legally constituted authority of the state of Illinois or 
of the United States, or elsewhere ; may make such special lau^M for Trust 
regulations, in reference to trust funds or deposits left for f'^nd?. 
accumulation or safe-keeping, as shall be agreed upon with 
depositors or parties interested, for the purpose of accumu- 
lating or increasing the same ; may issue letters of credit g^'f'oTher^om- 
and other commercial obligations, not, however, to circulate merdai owiga- 
as money ; and may secure the payment of any loans made 
to said corporation in any way the directors of said corpo- 
ration may jDrescribe. 

§ 5. Married women and minors may, in their own women md 
names, subscribe for stock and deposit money v/ith said {^Socii. '"^^^ 
corporation, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be subject 
to their disposal and order only. 

^ 6. The said corporation shall have power to purchase MayhoMand 

,1111 1 ^ ' (• 1 coavuy real es- 

and hold such real estate as may be necessary lor the trans- rate, 
action of a I)07ia jide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation ; and to 
purchase real and personal estate, at any sale to enforce its 
securities or the payment of debts due, made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpora- 
tion may make, alter and amend such by-laws, rules and 
regulations, for its management, as are not inconsistent with 
the laws of this state or of the United States : Frovided, sedemption 
that any real estate, sold under deed of trust or other con- uniiS^deeV^of 
Yeyance held as security by said corporation, may be re- ^^^^- 



206 BANKS — INOOKPORATED. 

deemed by the debtor, his, her or their heirs or creditors, 
by the payment of the full amount of debt and cost, with 
tea per cent, interest on same, at any time within twelve 
months after such sale : Provided, further^ that no real 
estate that may become the property of said corporation, 
except such as may be reasonably necessary in the trans- 
action of its business, shall be held by said corporation for 
a longer period than may be reasonably necessary to enable 
said corporation to sell and dispose of the same to ad- 
vantage. 
Board or direc- § T. The uubiness of said Corporation shall DC conducted 
fore to consist of j^y .^ board of not less than live directors, to be elected, an- 
nually by the stockholders, who shall hold their offices until 
tJieir successors are elected and qualiiied. The directors 
shall be stockholders, and residents of the said county. Each 
share of stock shall be entitled to one vote, and may be 
cast in person or b}" proxy. The board of directors shall 
elect a president and caslyer; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see proper. 
stockholders § 8- Bcfore said corporation shall commence business 
topayiufi-''-^- the stockholders shall pay the several amounts subscribed, 
m full ; and no increase of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock; and 
the whole capital stock, including such increase, shaU not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 
individaai W- § 9. Whenever default shall be made in the payment of 
ho&"^ ''"*^'' "^lY ^^bt or liability contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to an amount of stock held by them, respec- 
tively ; and such liabihty shall continue until three months 
after an assignment of the stock and publication of a notice 
thereof, in a newspaper published at the said city of Red 
Bud, in the county of Randolph, and state of Illinois. 
When act to § 10. This act shall be void unless said corporation shall 
be void. organize and proceed to business within two years after the 

passage of this act. 
Limit' of in- § 1^- ^o director of said corporation shall be indebted 
debtednes^ of ^q g^jj corporatiou, either directly or indirectly, at any time, 

stocktiolders. , r , \ .y ^ j- j. f it. 

to an amount greater than seventy-iive per centum or the 
amount of the capital stock held by such director, in his 
own name, in good faith, as his own. 

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

Approved March 27, 1869. 



BANKS — INCOEPORATED. 207 



AN ACT to incorporate the Scott Couuty Banking Company. in force March 

SO, 1SG9. 

Section 1. Be it enacted hy the Feople of the titate of 
Illinois^ rejrresented in the General Assemhly^ That John corporators. 
E. Woods, Thomas Holleubiish, George G. Teriy, David 
Skilling, Jno. Moses, David "Watt, Joseph Y. Carpenter, 
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 stjle of 
"The Scott Couuty Banking Company," and shall have a Nai^eaucisiyie. 
common seal U'hich they may alter or renew at pleasui'e ; 
power to plead and be impleaded, and defend and be de- 
fended in all courts of law and equity ; to have and exercise 
power incident to corporate bodies. Said corporation sliall 
be located in the town of Winchester, in the county of Scotr, 
and state of Illinois. 

§ 2. A majority of the corporation herein named may opeu bonks for 
proceed to open books for subscription to the stock of said eubsonpuou. 
corporation, and shall, at the same time or thereafter, des- 
ignate a time ana place for the tirsfc election of directors of 
said corporation, 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 corporation shall be .Amotmt of cap- 
fifty thousand dollars, with power to increase the same ^*^^®'°*^^" 
to one hundred and fifty thousand dollars, and shall be divi- 
ded into shares of one hundred dollars each ; which shares 
shall be deemed personal property, subject to taxation, and 
shall be transferable on the books of the corporation in ac- 
cordance with the rules thereof. 

§ 4. The said corporation shall have power to borraw Borrow mocey 
money and to receive money on deposit, and pay interest positJf^^^^^ ^"' 
thereon, and to loan money either within or without this 
state, at any rate of interest not Gxceeding that now or 
hereafter allowed by law to private individuals ; and to dis- 
count loans— and in computation of time thirty days sliali 
be deemed a month, and twelve months a year — and to 
make such loans payable either within or without this state, 
and to take such securities therefor, real or personal, or 
both, as tlie directors or managers of said corporation shall 
deem sufucient, and may secure the payment of such loans. May loan on 
by deeds of trust," mortgages aiid other securities, either '^^^"^ "^^ ^™^' 
within or without this state ; may buy and sell negotiable 
paper and other securities ; may purchase and sell real 
estate, and shall have the power to convey the same in any 
mode prescribed by the by-laws of said corporation ; may 
accept and execute all such trusts, whether fiduciary or oth- 
erwise, as shall or may be committed to it by any person 
or by the order or direction of any court or tribunal or 
other legally constituted authority "of the state of Illinois 



208 BANKS — INCOKPORATED. 

or of the Uuited States, or elsewhere ; may make such 
Special, rega- gpecial regulations, in reference to trust funds or deposits 
left for accumulation or safe keeping, as shall be agreed 
upon with depositors or parties interested, for the purpose 
i)f accumulating or increasing the same; may issue letters 
Letters of of credit and other commercial obligations, not, however, 
credit,eic. j.^^ circulate as money ; and may secure the payment of any 
loans made to said corporation, in any way the directors of 
said corporation may prescribe. 
Mari-ieci women ^ 5. Married women and minors may, in their own 
toke™tock!°'''^ name, subscribe for stock and deposit money 'with said 
corporation, and receive certificates of stock and deposits 
in their own names ; which stock and deposits shall be sub- 
ject to their disposal and order only. 
May hold ami' § 6. The Said Corporation shall have power to purchase 
convey real es- .. j.^-j j-^old such real estate as may be necessary for the transac- 
tion of a Jjona fide banking business, and to take and hold 
any real estate as security for and in payment of loans 
and debts due or to become due to tiie corporation ; and to 
purchase real and personal estate, at any sale to enforce 
it^ securities or the payment of debts due, made by virtue 
of any process, mortgage or deed of trust, and to hold, 
use, improve, lease or sell and convey the same. Said cor- 
poration may make, alter and amend such by-laws, rules and 
regulations for its necessary management as are not incon- 
Eeai estate may sistcnt with the laws of this State or of the United States : 
be reaeemed. Provided^ that any real estate, sold under deed of trust or 
other conveyance held as security by said corporation, may 
be redeemed by the debtor, his, her or their heirs or credit- 
ors, by the payment of the full amount of debt and cost, with 
t!.'u per cent, interest on same, at any time within twelve 
months after such sale : And, provided, also, that no real 
estate that shall become the property of said corporation, 
except such as. may be reasonably necessary for the trans- 
action of a lona fide banking business, shall be held by 
said corporation for a longer period than may be reason- 
ably necessary to enable said corporation to dispose of the 
same to advantage. 
Board of di- § 7. The busiuess of Said Corporation shall be Conducted 
sfst o'/flve. ''°"" '^1 a board of not less than five directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The directors 
shall be stockholders, and residents of said county. Each 
share of stock shall be entitled to one vote, and may be 
cast in person or by proxy. The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see proper, 
■stockholders § 8. Before said corporation shall commence business 
to pay m full. ^^^ stockholders shall pay the several amounts subscribed, 
in full ; and no increase of said capital stock shall be made 



BANKS — INCOKPORATED. 209 

at any time, unless the amount thereof shall be paid int® 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not ; 

exceed in amount the actual value of the property of said 
corporation, at the time of the issue of such increased stock. 

§ 9. Whenever default shall be made in the payment uj^^jfj^^^"^'^^'"^' 
of any debt or liability contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them re- 
spectively ; and such liability shall continue until three 
months after an assignment of the stock and publication of 
a notice thereof, in a newspaper published at the said town 
of Winchester, in the county of Scott, and state of Illinois. 

§ 10, This act shall be void, unless said corporation Act, when void, 
shall organize ar.d proceed to business within two years 
after the passaoje of this act. 

§ 11. ^0 director of said corporation shall be indebted Limitofiudebt- 
to said corporation, either directly or indirectly, at anytor°^''^° 
time, to an amount greater than seventy-five per centum of 
the amount of the capital stock held by such director, in 
his own name, in good faith, as his own. 

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

Afpeoved March 30, 1869. 



AN ACT to incorporate the Sparta Bank. Tn force March 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly^ That Wil- corporators, 
liam liosborough, William Addison, li. H. Eosborough, 
Samuel Leslie, James Gordon, Mathew Kirkwood, R. B. 
Little, W. R. Brown, and J. M. McCutcheon, their asso- 
ciates, 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 of 
"The Sparta Bank," and shall have a common seal, which Nameandstyie. 
they may alter or renew at pleasure; power to plead and 
be impleaded, and defend and be defended, in all courts of 
law and equity ; ta have and exercise powers incident to 
corporate bodies ; to appoint all necessary ofhcers, servants 
and assistants; and be located in the city of Sparta, in Ran- 
dolph county, in the state of Illinois. 

§ 2. A majority of the corporators herein named may ^ open hooks 

J , "^ 1 1 p , ^ . .. . 1 ,1 r, .''.for subscription 

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 istock thereof; 
-27 



210 



BANKS — INCORPORATED. 



and each share of stock m subscribed for shall be entitled 
to one vote, 
.^^k""' "'''"^' ^ '^' "^^^^ capital stock of said company shall be one 
hundred thousand dollars, with power to increase the same 
to live hundred thousand dollars — to be subscribed and 
paid lor in the manner presciibed by the by-laws to be 
formed by said company — and shall be divided into shares 
of one Imndred dollars each, which shall be deemed per- 
sonal property, and shall be transferable on the books of 
said company in such maDner as the by-laws of said com- 
pany may provide. 
mJney aMiI- § ^- "^^^^ ^^^^ Corporation shall have power to borrow 
ceive deposits, money, and to receive money on deposit and pay interest 
thereon, and to loan money, either within or without this 
state, at any rate of interest not exceeding that now or here- 
after allowed by law to private individuals, and to discount 
loans — and in computation of time thirty days shall be 
deemed a month, and twelve months a year— and to make 
such loans payable, either within or without this state, and 
to take such securities therefor, real or personal, or both, as 
the^ directors or managers of said corporation shall deem 
sufficient, and may secure payment of such loans by 
May loan on deeds of trust, mortgages or other securities, either within 
or without this state ; may buy and sell negotiable paper, 
ajid ether securities ; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said corporation ; may accept and 
execute all such trusts, whether fiduciary or otherwise, as 
eifce^"to mist ^^^^^^ ^^" ^'^^^J ^^^ Committed to it by any person or persons 
funds. or by the order or direction of any court or tribunal, or 

other 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 
depositors or parties interested, for the purpose of accuniu- 
teS/lredit^'' ^'^'^^-"t? ^^ 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 of said com- 
pany may prescribe. 
menTndmin^rs § ^- Married womcu and minors may, in their own 
may take stock, name, subscribe for stock and deposit money with said cor- 
poration and receive certificates of stock and of deposits in 
their own names ; which stock and deposits shall l>e sub- 
ject to their disposal and order only. 
May hold and § 6. It may be lawful for the company hereby incorpo- 

couvey real es- ," t , .-^ , i , ■, , ^ , -^ , , • i 

tate. rated to purchase and hold such real estate rs may be 

necessary for the transaction of a bona fide banking busi- 
nesSj and to take and hold any real estate as security 
for and in payment of loans or debts due or to become due 
to said company ; to bid for and purchase real estate, at 



Property sold 
under deed of 



BANKS — INCOKPOKATED. 211 

any sale, whether made in virtue or on account of any loan 
or mortgage or trust made to or held by or for said com- 
pany, or in which it is interested, or otherwise ; and to 
receive and take, in satisfaction of any loan or debt, any 
real or ptrsonal estate, and to hold, use, improve, lease and 
convey the same : Provided^ that any real estate, sold under 
deed ot trust or other conveyance, held as security by said tmst may be 
corporation, may be ledeemed by the debtor, his, her or redeemed, 
their lieirs or creditors, by the payment of the full amount 
of debt and cost, with ten per cent, interest on same, at any 
time within twelve months after such sale : Provided^ fur- 
ther^ that no real estate that may become the property of 
this corporation, except such as may be reasonably neces- 
sary for the transaction of its business, shall be held by said 
corporation for a longer period than may be reasonably 
necessary for said corporation to sell and dispose of the 
same to advantage. 

§ 7. The affairs of the company shall be managed by ^^Numher of 
a board of directors, at least three in number, who shall '^^^^'^'•°'^- 
be residents and freeholders of said county of Randolph. 
After tlie first election, as herein provided, the directors siectiou of ai- 
shali be elected by the stockholders, at such time and place ^^'=^°^'^- 
and in such manner as may 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 direc- 
tors, shall in nowise impair or affect the rights and powers 
of directors holding over, or the rights or interests of the 
stockholders, depositors or others interested ; and none 
bui: stockholders, residents and freeholders of said county, 
shall be directors, 

§ 8. The directors shall have the right to frame by-laws By-iaws, rules 

« ^ ,1 . ,- -1 nn '^ 1 ,•• and regulations. 

tor the appomtment of other omcers, agents and otners, 
necessary for the company's service, and for regulating 
their own proceedings and the said company's operations, 
however, not inconsistent with the laws of this state or the 
' United States. 

§ 9. The directors shall also have i^a& right, in case any ^tS ^''*" 
stockholder shall fail to pay any installment for thirty days 
after a call thereof, to declare the stock of such stockholder, 
so in arrears, forfeited to the company, together with the 
sums already paid thereon, by giving due notice, as the by- 
laws of said company may prescribe which may be in force 
when such stockholder subscribes for his or her stock, or collection of 

jy T ,, ,. , P 1 • ,• subscript;ous to 

sue tor and recover the entire amount oi subscription be enforced, 
remaining unpaid ; and shall have the right to declare div- 
idends out of the earnings of said company. 

§ 10. Until the sum of ten thousand dollars shall have company to 

1, J.11 • ^ ■ 1 .. .1 -,1.1 commence bnsi- 

been acuually paid m, on subscription to the capital stock ness. 
of said company, said company shall not commence busi- 
ness ; and this act shall be void unless said company organ- 
ize and proceed to business within two years after the 



'2V2 BANKS — INCORPORATED, 

IJasfage hereof. The company hereby creatcl shall b'd 

^ Subject lo suViject to the provisions of any general law of tlie state of 

intureiaws. HHnois, which may hereafter be passed, on the subject of 

savings banks or trust and deposit companies. 

stockholders- § 11. Whenever default shall be made in the payment 

hahihiy. ^^ ^^_^ ^^-^^ ^^ liability contracted by said corporation, the 

stockholders thereof shall be held individually responsible 

for an amount equal to the amount of stock held by them, 

respectively ; and such liability shall continue until three 

months after an assignment of the stock and publication of 

a notice thereof in a newspaper published in said county of 

llandolph. 

Directors' iu- R 12. ]^o director of Said corporation sha'l be indebted 

debteduess lim- , , " . , . -, -.i >■ ^i • t .1 . -• 

ited. [to said corporation,] either airectly or indirectly, at any time, 

to an amount greater than seventy-five per centum of the 
amount of the capital stock held by such director, in his 
own name, in good faith, as his own. 

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

Approved March 27, 1869. 



^" ^of y?''^ ^^ ^*^^ *" incorporate the Sterling Bank. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the Cieneral Assembly, That Wil- 

corporators. j.^^^^^ ^ Saubon, John S. Miller, John Sanbon, A. J. Mat- 
teson, W. 11. Whipple, James M. Wallace, A. P. Smith, 
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 of " The 

Name aud style. Sterling Bank," and shall a common eeal, which they may 
alter or renew at pleasure; power to plead and be im- 
pleaded, and defend and be defended, in all courts of law 
and equity ; to have and. exercise powers incident to corpo- 
rate bodies. Said corporation shall be located in the city 
of Sterling, in the county of Whiteside, and state of Illi- 
nois. 

iiSsStiS'^^'^ § 2. A majority of the corporators herein named may 
proceed to open books for subscription to the stock of said 
corporation ; and shall, at the same time or thereafter, des- 
ignate a time and place for the first election of directors of 
said corporation, 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 corporation shall be one 
hundred thousand dollar?, with powder to increase the same 



BANKS — INCOEPOEATED. 213 

to two hundred thousand dollars, and shall be divided into 
shares of one hundred dollars each; which shares shall he 
deemed personal property, subject to taxation, and sliall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 

S 4. The said corporation shall have power to borrow i.Bonrow money 

" 1. .-^ T '.J -ii. and receive de- 

monej and to receive money on deposit, and pay interest poeits. 
thereon, and to loan money either within or without this 
state, at any rate of interest not exceeding that now^ or 
hereafcer allowed by law to private individuals, and to dis- 
count loans — and, in computation of time, thirty days shall ^^compntation 
be deemed a month, and twelve months a year — and to 
make such loans payable either within or without this state, 
and to take such securities therefor, real or personal, or 
both, as the directors or managers of said corporation shall 
deem sufficient, and may secure the payment of such loans 
by deeds of trust, mortgages or other securities, either May loan on 
within or without this state; may buy and sell negotiable deeda of trust, 
paper and other secarities ; may purchase and sell real 
estate, and shall have the power to convey the same in any 
mode prescribed by the by-laws of said corporation ; may 
accept and execute all such trusts, whether fiduciary or 
otherwise, as shall or may be committed to it by any per- 
son or parsons, or by the order or direction of any court or 
tribunal, or other legally constituted authority of the state 
of Illinois or of the United States, or elsewhere; may gpeciai re^n- 
make such special regulations, in reference to trust fnnds ^'^'-1°°^, \^,^' 
or deposits left for accumulation or safe-keeping, as shall funds. '^ 
be agreed upon with depositors or parties interested, for the 
purpose of accumulating or increasing the same ; may issue Letters of 
letters of credit and other commercial obligations, not, how- credit, etc. 
ever, to circulate as mqney, and may secure the payment 
of any loans made to said corporation in any way the di- 
rectors of said corporation may prescribe. 

§ 5. Married women and minors may, in their own .^y^P°^and mi- 
names, subscribe for stock and deposit money with said cor- nors. 
poration, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be subject 
to their disposal and order only 

§ 6. The said corporation shall have DOwer to purchase Mayho'dand 

I 1 T J 1 1 ^ 1 ' ,.1 convey real es- 

and hold suca real estate as may be necessary for the trans- tate. 
action of a bo7ia fide banking business, and to take and 
hold any real estate as security for and in payment of loans 
and debts due or to become due to the corporation ; and to 
purchase real and personal estate, at any sale to enforce its 
securities or the payment of debts due^ made by virtue of 
any process, mortgage or deed of trust, and to hold, use, 
improve, lease or sell and convey the same. Said corpora- By-laws, etc. 
tion may make, alter and amend such by-laws, rules and 
regulations for its management as are not inconsistent witli 
the laws of this state or the United States. 



214 



BANKS— INCOfet^OKATEi). 



Elect 
cers. 



Stoc 
paid ii 



Five directors. § 7. TliG busiiJGss of Said Corporation slial' be conducted 
by a board of not less than five directors, to ])e elected an- 
nually by the stockholders, who shall hold their othces until 
their successors are elected and qualiliod. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vole, and may 

ofoiii- bo cast in person or by proxy. The board of directors shall 
elect a president and cashier; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see "proper. 

M lu; ^ 8. Before said corporation shall commence business 
the stockholders shoU pay the several amounts subscribed, 
in full ; and no increase of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 
t;aid corporation at the time of the issue of such stock ; and 
the ^vhole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased 
stock. 
s' § 9. Whenever default shall be made in the payment 
of any debt or liability contracted by said corporation, the 
stockholders shall be held individually responsible for an 
amount equiil to the amount of stock held by them, respect- 
ively; and such liability shall continue until three months 
after an assignment of the stock and publication of a no- 
tice thereof, in a newspaper published at the said city of 
Sterling, in the county of "Whiteside, and state of Illinois, 
to § 10. This act shall be void unless said corporation 
thall organize and proceed to business within two years 
after the passage of this act. 
n- § 11. Iso director of said corporation shall be indebted 
"^ to said corporation, either directly, or indirectly, at any 
time, to an amount greater than seventy-five per centum 
of the amount of the capital stock held by such director, 
in his own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and sliall be 
in force from and after its passage. 
Approved March 25, 1869. 



stockholder 
liability. 



WhsQ 
iie void. 



Limit 
debteduc 
director. 



la force Mcvch 
27, 18119. 



AN ACT to incorporate tlio Tumaroa Bank. 



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

Illinois, represented in the General Assembly, That J. J. 

corponitors. FitzgerrcU, Daniel R.Spencer, Frederick Williams, Henry 

F, Hemplemann, C. E. R. Winthrop, Edward V. Pierce, 



BANKS mCOKPORATED. 215 

DeWitt C. Barber, Joel M. Sullivan, William Hammaik, 
Thomas M. Sams, Zebedee P. Curless, and all such persons 
as shall become stockholders in the corporation hereby 
created, and their successors, shall be a body politic and cor- 
porate, by the name and style of " The Tamaroa Bank," and Name ands-yic. 
shall have a common seal, which they may alter or renew 
at pleasure; power to plead and be impleaded, defend and 
be defended in all courts of law and equity ; to have and ex- 
ercise powers incident to corporate bodies. Said corpora- 
tion shall be located in tlie town of Tamaroa, in the county 
of Perry, and state of Illinois. 

§ 2. A majority of the corporation herein named may open iiooks for 
proceed to open books for subscription to the stock of ^"' ~^"'^ ^""' . 
said corporation, and shall, at the same time or there- 
after, designate a time and place for the first election of di- 
rectors of said corporation, 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 corporation shall be Amoimt capi- 
fifty thousand dollars, with power to increase the same to 
two hundred thousand dohars, and shall be divided into 
shares cf one hundred dollars each ; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accordance 
with the rules thereof. 

§ 4. The said coruoration shall have power to borrow May borrow 

T, .'^ J 'i-j -ii money and re- 

money and to receive money on deposit, and pay interest ceive dtposits. 
thereon, and to loan money, either within or without this 
state, a/ 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 
deemed a month, and twelve months a year — and to make 
such loans payable either within or without this state, and 
to take such securities therefor, real or personal, or both, 
as the directors or manogers of said corporation shall deem 
sufficient, r.nd may secure the payment of such loans by 
deeds of trust, mortgages or other securities, either within May loan on 
or without this state ; may buy and sell negotiable paper ^^^*^^°^'*'''"®'- 
and other securities ; may purchase and sell real estate, and 
shall have the power to convey the same in any mode pre- 
scribed by the by-laws of said 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 the order or direction of any court or tribunal, or 
other legally constituted authority of this state or of the 
United States, or elsewhere ; may make such special reg- special regu- 
ulations, in reference to trust funds, or deposits left for ^^^"'''^' 
accumulation or safe-keeping, as shall be agreed upon with 
depositors or parties interested, for the purpose of accumu- 
lating or increasing the same ; may issue letters of credit 
and other commercial obligations, not, however, to circulate 



2iG BANKS mCORPOKATED. 

, as money ; and may secure the payment of any loans maJe 
to said corporation, in any way the directors of said cor- 
poration may prescribe. 

Married women | 5. Marhcd womcn and minors may, in their own 

take™icck! ™"^ names, subscribe for stock, and deposit money with said 

corporation, and receive certificates of stock and deposits 

in iheir own names; which stock and deposits shall be 

subject to their disposal and order only. 

May hold and § 6. The Said cor|ooration shall have power to purchase 

convey properry ^^^^.j j^.^jj quqIi real estate as mav bc necessary for the trans- 
action of a bo?ia fide banking business, and to take and 
hold any real estate, as security for and in payment of loans 
and debts due or to become due to the corporation, and to 
purchase real and personal estate, at any sale to enforce its 
securities for the payment of debts due, made by virtue of 
May loan on ^^'^T pi'^^cess, mortgage or deed of tru&t, and to hold, use, im- 

deed/of trust. proYo, lease or sell and convey the same. Said corporation 
may make, alter or amend such by-laws, rules and reg- 
ukiions for its management, as are not inconsistent with 
the laws of this state or the United States: Prooided^ 
that any real estate, sokl under deed of trust or other con- 
Redemptiouof vevauce held as security by said corporation, may be re- 

property. dticmcd by the debtor, his, her or their heirs or creditors, 

l)y the payment of the full amount of debt and cost, with 
ten per cent, interest on same, at any time within twelve 
months after such sale : And, ])rovid.ed, also, that no real 
estate that may become the property of said corporation, 
except such as may be reasonably necessary in the transac- 
tion of a bona fide banking business, shall be held by said 
corporation for a longer period than may be reasonably 
necessary to enable said corporation to sell and dispose of 
the same to advantage. 

Five directors. § 7. The busiucss of Said Corporation shall bc couducted 
by a board of not less than five directors, to be elected an- 
nually by the stockholders, who shall hold their offices un- 
til their successors are elected and qualified. The directors 
sliall be stockholders, and residents of the said county. Each 
share uf stock shall be entitled to one vote, which may be 
cast in person or by prox3^ The board of directors shall 
elect a president and cashier ; and such other officers and 
agents may be appointed or employed as said corporation 
or its officers may see proper. 
stockholders § 8. Before said corporation shall commence business, 

to pay in full, tlie Stockholders shall pay the several amounts subscribed 
in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 
said corporation at the tim.e of the issue of such stock ; 
and the whole capital stock, including such increase, shall 
not exceed in amount the actual value of the property of 
said corporation at the time of the issue of such increased 
stock. 



BANKS — INCOKPORATED. 217 

§ 9. Whenever default shall be made in the pavnient ]iJ?°^^''°^^^'''' 
of any debt or liability contracted by said corporation, the 
stockholders shall be held individually responsible fwr an 
amount equal to the amount of stock held by them respec- 
tively, and such liability shall continue until tlirt-e months 
afrer an assignment of the stock, and publication of a no- 
tice thereof, in a newspaper published at the townof Tama- 
roa, in the county of Perry, and state of Illinois. 

S 10. No director of said corporation shall be indebted Limit of direc- 

, " .1 ,. ■,-. 1- \^ • ^• J.1 . tors' indebted- 

to said corporation, eitner directly or indirectly, at any ne.-s. 
time, to an amount greater than seventy-five per centum of 
the amount of the cai)ital stock held by said director in his 
own name, in good faith, as his own. 

§ 11. This act shall be void unless said corporation shall ^ct, when void, 
organize and proceed to business within two years after the 
passage of this act. 

§ i2. This act shall be deemed a public act, and shall 
be in force from and after its passage. 

Appkoved March 27, 1^69. 



AN ACT to incorporate the Union Bank of Qaincy. I^ force Ma'-ch 

2G, 1SG9. " 

Section 1. £e it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Henry 
Koot, F. W. Jansen, James M. Pitman, Henry S. Osboru, corporators. 
Joseph Sibley, Thomas Payne, William Charles, E. M. 
MofStt and Samuel R. Chittenden, and their associates and 
successors, and all such persons as shall become stockhold- 
ers in the corporadon hereby created, shall be a body j^oli- 
tic and corporate, and shall be known by the name of '' The Name <mdstj>ie. 
Union Bank of Quincy ;" and by that name they and their 
successors shall have perpetual succession, and shall have a 
common seal (which may be changed at pleasure) ; and by 
its name it may make contracts, sue and be sued, complain 
and defend in any court of law and equity as fully as nat- 
ural persons, and shall have power to appoint all necessary 
officers, clerks and agents in the city of Quincy, in the 
county of Adams, and elsewhere in the state of illinois. 

§ 2. The capital stock of said corporation shall be five Amount of 
hundred thousand dollars, divided into shares of one hun- "^p"''' ''°'^- 
dred dollars each, and the directors shall have the power to 
commence business as soon as one hundred and fifty thou- 
sand dollars shall have been subscribed and twenty dollars 
per share paid thereon, in the manner hereinafter specified. 

§ 3. A majority of the corporators herein named shall open borks for 
be and are hereby authorized at any time within two years subscription, 
after the passage of this act, to open books for the subs crip. 
—28 



^18 BANKS INCORPORATED. 

tion of the capital stock of the corporation, in the city of 
Qaincj, and to keep them open until the sum of'one hun- 
dred and lifty thousand dollars shall have been subscribed; 
at which time, or as soon as convenient thereafter, they 
shall designate a time and place for the first election of the 
directors of said corporation by the parties subscribing for 
the capital stock thereof, and each share of stock so sub- 
scribed shall be entitled to one vote. 
o7SwksMiihe § ^" "^^^^ payment of the stock subscribed shall be made 
made. ' and completed by the subscribers at such time, place and 
manner as the said directors shall prescribe, and no person 
shall be a director unless he be a bona fide subscriber or 
stockholder, holding at least twenty shares free from all in- 
cumbrance of the corporation. 
hoiSr Sii § ^- ^^* subscriber of the stock of the corporation here- 
vote. " by created shall have the right to vote at the first election 
of the directors unless he shall have paid ten per cent, of 
the amount subscribed by him, to such agent as the corpo- 
rators of this act may designate;, nor shall any subscriber 
or stockholder have at any time the right to vote at any 
election held by virtue of this act, who shall be in default 
to the corporation for any payments, either in stock held 
by him or otherwise. 
moM^andTia^ § ^'- '^^^ Corporation hereby created shall have power 
count bills. to borrow and loan money on either real or personal securi- 
ty, and to discount bills, notes, checks, or any other evidence 
of indebtedness, and to issue bills of exchange, drafts, 
checks, bonds, certificates of deposit, and such obligations 
as may be requisite in the prosecution of the said banking 
KeneranSld'^'^-^ busincss, and to allow thereon and receive therefor such 
bnsiuess. "^ rate] of interest as may be agreed upon b_y the parties 
thereto, not to exceed the amount now allowed by law; and 
also to buy and sell bonds, drafts, bills of exchange, notes, 
or any other instruments in writing, gold and silver, either 
in coin or other shape or condition, or other metals or valu- 
able thing, and to receive on deposit money, bonds, bank 
notes, gold and silver, in coin or otherwise, or any other 
thing of value, and also to do any other matter or thing that 
may be necessary or proper in the carrying on of a general 
banking business, excej)t to issuo paper to circulate as 
Appointment money : and to create, appoint and employ and establish 

of officers. ^ A^ , ^ , in'/ x 

such otncers, agents and servants as shall be necessary to 
carry on the business of said corporation; and to pass such 
-i)rdinances and by-laws as shall be necessary and proper 
for carrying into operation the powers granted by this act ; 
but no by-laws of the corporation shall be passed without 
the consent of a majority of the directors, and shall not be 
inconsistent with the constitution and laws of this state. 
May purchase § 7. It shall be lawful for the corporation lierebj cre- 
Ste°°^^^^^^^ ated to purchase and hold such real estate as may be con- 
venient and useful in the transaction of its business, and 



BANKS — mCOKPORATED. 219 

to take and hold any real estate, in trnst or otherwise, as 
security for or in payment of loans and debts due or to 
become due to said corporation, to bid for and purchase 
real estate at any sale made by virtue of or on account of 
any loan or mortgage or trust made to, or held by or for, 
said corporation, or in which it is interested ; and to receive 
and take in satisfaction of any loan or debt any real or per- 
sonal estate, and to hold, use and improve, lease and con- 
vey the same : Provided^ that no real estate, beyond such 
as may be necessary for the transaction of its business, 
shall be held by said" corporation for a longer period than 
may be necessary to enable said corporation to dispose of 
the^same to advantage; and all real estate sold by said cor- 
poration under deed of trust or other conveyance, m^y be ^^/yf}°^'^ °° 
redeemed by the debtor, his, her or their, heirs or creditors, 
by the payment of the full amount of debt and costs, to- 
gether with ten per cent, interest on same, at any time 
within twelve months after such sale: Fromded, also, that 
the stockholders in this corporation shall be individually 
liable to the amount of their stock for all debts of the corpora- 
tion ; and such liability shall continue for three months after 
the transfer of any stock on the books of the corporation. 

§ 8. The said corporation shall be authorized to receive Minors and 
money from any person or persons who may wish to depo- may take^stock! 
sit the same. Married women and minors may, in their 
own names, subscribe for stock ancJ deposit money with 
said corporation, and receive certificates of stock and of de- 
posits, which shall be subject to their order only. All de- 
posits of money shall be used and im23roved in a manner 
not inconsistent with the laws of this state, and any rate of 
iuttirest not exceeding that allowed by law shall be paid for 
such deposits. 

§ 9. The said corporation may accept and execute all special regnia- 
such trusts, whether fiduciary or otherwise, as may be ^^"°^' 
committed to it by any person or persons, or by the order 
of any court or tribunal in the state of Illinois; may make 
such special regulations in reference to trust funds, depo- 
sits or savings, as shall best aid the depositors and parties 
interested by accumulating and increasing the same, allow- 
ing and receiving such rate of interest, not greater than 
that hereinbefore mentioned, as may be agreed upon ; may 
grant and purchase annuities, issue letters of credit and 
other commercial "obligations : Provided, the same shall 
not be in the similitude of bank notes or other evidences of 
debt, to circulate as money. 

§ 10. The stock and the affairs of the corporation here- Board of^fli^ec- 
by established shall be managed by a board of directors not am °'^°''^'^ ° 
less than five nor more than nine in number. In all elec- 
tions of directors, and in deciding all questions at meetings 
of stockholders, each stockholder shall be entitled to one 
which vote shall be given by ballot. 



cers. 



220 BANKS — INCORPORATED. 

Stockholders may give their votes by proxies, duly autho- 
rized iu writing, through a stockholder; but no officer, 
clerk, or teller or book-keeper of this corporation shall act 
as proxy, and no stockholder whose liability is past due 
shall be allowed to vote. 

Election of offi- § H. The directors chosen shall, as soon as maybe 
after every annual election of directors, proceed to choose 
out of their own number a president and vice-president. 
The president shall perlbnn such services and have such 
powers as may be conferred upon him by the by-laws of 
the corporation. In case of tlie death or resignation of the 
president, vice-president, or any of the directors, the vacan- 
cy may be Ulled by the board of directors ; and in the event 
of Ae absence of the piCsident, the vice-president shall pre- 
side, and have all the powers and, perform all the duties of 
president. At all meetings of the directors three shall be 
a quorum to do business, which shall include either the 
president or vice-president. 
To make rules § 12. The Said directors may, by by-]av\-s, direct in 

and regulations. ^,^,j^^j. ii^anner the business of the corporation shall be done; 
and they shall have power, subject to such by-laws, to ap- 
point, from their own body, one or more assistants, to aid 
in the performance of the business of the corporation, with 
such comp{?n8ation and allowances as they shall think pro- 
per; and they shall have power to declare and make divi- 
dends of the profits arising out of the business of the cor- 
poration, and fix, allow and pay out of the funds of the said 
corporation officers, agents and servants of said corpora- 
tion, such wages, salaries and compensations as they shall 
think proper and reasonable. 
SI oek deemed § 13. The stock of the corporation shall be deemed per- 

erty^and trans- sonal property, and shall be assignable and transferable 

terabie. according to sucli rulcs and regulations as the board of di- 

rectors shall from time to time make and establish. 

stock forfeited. § 14. The directors shall have the right, in case that 
any stockholder shall fail to pay any installment for thirty 
days after a call thereof, by publication or otherwise, to 
declare the stock of such stockholder, so in arrears, for- 
feited to the corporation, together v.^ith the sums already 
paid thereon, or, at their option, sue foii and receive the en- 
tire amount of subscription remaining unpaid. General 
meetings shall decide whether such forfeited stock shall be 
merged into the common stock of the company or sold by 
auction thereat to the highest bidder. 
Limit of sub- § 1^- Until the first election of directors by the stock- 

scriptiou. holders shall have been held, it shall not be lawful for any 

one person to subscribe for more than two hundred shares of 
the stock of the corporation; and the directors shall be au- 
thorized to limit the mimber of shares which shall be held 
by any one person, and to alter and abolish such limits 
whenever they may deem it proper to do so. 



BANKS — INCORPORATED. 221 

S 16. A misnorner of said corporation in any deed, ffit't, AmijpoTner 

" ,, . , , , , ^ i'' ,, ■='..' not to mvjkli- 

or other instrument, contract or conveyance, shall not viti- date act of cor- 
ate the same, if the corporation shall be snfSciently described ^°-'^'^'^^- 
therein to declare the intention of the parties. 

§ 17. All contracts and other instruments in writing Acts of officers 
which may be made or entered into by such ofiicer or ^° ^° ^^™^^°°" 
officers, agent or agents, as shall be authorized by the ordi- 
nances and by-laws of tlie corporation, and being so signed 
shall be binding upon said corporation ; and all such con- 
tracts and instruments in writing may be signed and carried 
on, without the presence of the board of directors by its 
officers, assistants and agents. 

§ IS. The books of said corporation shall be open to in- opeu books for 
spection of stockholders during all reasonable business i^^P"^<='''°°- 
honrs, except during the months of January and July in 
each year, during which months general meetings of the 
stockholders shall be held, and a statement of the affiairs of 
said corporation shall be laid before said meetings. 'No 
transfer of stock shall take place during the said months, 
to avoid confusion in preparing the list of stockholders and 
accounts, but transfers may be received immediately after 
said meetings, subject to the by-laws of said corporation. 

§ 19. This act shall be and is hereby declared a public 
act, and the same shall be, as such, liberally construed, and 
shall take effect and be in force from and after its passage. 

Approved March 26, 1869. 



AN ACT to iucorporale the West Side Banking Association. 



In force March 
3T, 181)9. 



Name and slyle. 



Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General AssemUy, That Silas 
M. Moore, S. B. Williams, H. W. Jones and J. W. Pres- corporators. 
ton, and all such persons as shall become stockholders in 
the corporation hereby created, and their successors, shall 
be a body politic and cor'porate, by the name and style of 
" The West Side Banking Association ; " and shall have a 
common seal, which they may alter or renew at pleasure ; 
power to plead and be impleaded, and defend and be do- 
fended, in all courts of law and equity ; to have and exer- 
cise powers incident to corporate bodies. ,Said corporation 
shall be located in the city of Chicago, county of Cook, 
and state of Illinois. 

§ 2. A majority of the corporators herein named may May open 
proceed to open books for subscription to the stock of said Stion°' '''^' 
corporation, and shall, at the same time or thereafter, desig- 
nate a time and place for the first election of directors of safd 
corporation, by parties subscribing to the stock thereof; 



222 



BANKS — INCOKPOKATED. 



and each share of stock so subscribed for shall be entitled 
to one vote. 

Capital stock. § 3^ ^j^^ capital stock of said corporation shall be fifty 
thousand dollars, with power to increase the same to one 
hundred thousand dollars, and shall be divided into shares 
of one hundred dollars each ; which [shares] shall be deemed 
personal property, subject to taxation, and shall be trans- 
ferable on the books of the corporation in accordance with 
the rules thereof. 
May ^borrow ^ 4.. The said corporation shall have powder to borrow 

ce?ve^ie^fosits^ tiioncy, buy and sell bills of exchange and other commercial 
obligations, loan money and discount notes, in accordance 
with bank usage ; receive money on deposit; and may also 
accept snd execute all trusts which may be committed to it 
by any person or by order of any court. Said corporation 
shall confine its business, exclusively, to a commercial and 
exchange banking business. 
May purciiase § 5. The Said Corporation shall have power to purchase 

estat1>°"^^^ ^^^' ^^^ hold such real estate as may be necessary for the trans- 
action of a bona fide banking business, and to take and hold 
any real estate as security for and in payment of loans and 
<Jebt6 due or to become due to the corporation ; and to pur- 
chase real and personal estate; at any sale to enforce its se- 
curities or the payment of debts due, made by virtue of 

dee^dYofTrust"^ ^'^.y P^'t>cess, mortgage or deed of trust, and to liold or sell 
and convey the same : Provided^ that any real estate, sold 
under deed of trust or other conveyance held as security by 
said corporation, may be redeemed by the debtor, his, her 
or their heirs or creditors, by the payment of the full amount 
of debt and costs, with ten per cent, interest on same, at 
any time within twelve months after such sale : And^ lyro- 
vi'ded, also, that no real estate that may become the pro- 
perty of said corporation, except such as may be reasona- 
bly necessary in* the transaction of a hoyia fide banking 
business, shall be lield by said corporation for a longer 
pei-iod than may be reasonably necessary to enable said 
corporation to sell and dispose of the same to advantage, 

ro.F.T'!^" o^i" § 6. The business of said corporation shall be conducted 

rGCtors lO con- ^ i r* i i/^i* ii i 

sistofflvemem- by a board 01 uot Icss than five directors, to be elected an- 
nually by the stockholders, who siuiU hold their ofiices un- 
til their successors are elected and cpialified. The directors 
shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors 
shall elect a j)resident and cashier ; and such other oflicers 
and agents may be appointed or employed as said corpora- 
tion or its oflicers may see proper, 
stockholders § 7. Before said corporation shall commence business 

payment. the Stockholders shall pay the several amounts subscribed, 

in full ; and no increase of said capital stock shall be made, 
at any time, unless the amount thereof shall be paid into 



BANKS — INCOEPOKATED, 223 

said corporation at the time of tiie issue of such stock- and 
the whole capital stock, including such increase, sha!] not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 
Said corporation may make such rules and regulations and 
by-laws not inconsistent with the laws of this state or of 
the United States. 

§ 8. Whenever default shall be made in the payment LiaMiity of 
of any debt or liability, contracted by said corporation, the stockholders, 
stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, re- 
spectively ; and such liability shall continue until six 
months after an assignment of the steck and publication of 
a notice thereof, [in a newspaper] published at the said city 
of Chicago, in the county of Cook, and state of Illinois. 

§ 9. ']N"othing in this act shall be construed as to invest 3<,?inVbank ^ 
said corporation with power to do the business of a savings '■''=■• 
bank; and the said corporation hereby created is expressly 
prohibited from in any way announcing or advertising itself 
as a savings bank, or as receiving savings deposits, and from 
paying interest on deposits, under a penalty of forfeiting its 
charter. 

§ 10. This act shall be void unless said corporation shall , When act to 
organize and proceed to business within two years after the 
passage of this act. 

S H. J^To director of said corporation -shall be in- ^ ^mitofciirec- 

11-. •^ .• -.1 !• .1 • T .1 ^ tors' mdebted- 

debted to said corporation, either directly or indirectly, at aess. 
any time, to an amount greater than seventy -five per 
centum of ti)e amount of the capital stock held by such di- 
rector in his own name, in good faith, as his own. 

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

Approved March 27, 1869. 



AN ACT to iticorporate the Winchester Bank. In force Marcli 

'^ 31, 1S()9. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Ed- 
ward G. Miner, Robert Frost, Charles B. Hubbard, Joseph corporators. 
Y, Carpenter, S. E. Powell, J. B. Young, James Brown, 
Charles "Wilson, T. P. Eowen, and their associates and suc- 
cessors, and all such persons as shall become stockholders 
in the corporation hereby created, shall be a body politic 
and corporate, by the name and style of "The "Winchester Name aEd style. 
Bank," and shall have succession, a common seal, with 
power to plead and be impleaded, to sue and may be sued, 
to appoint all necessary assistants; and may have, enjoy 



224 BANKS — INCORPORAIED. 

and exercise all the powers necessary to carry out and exe- 
cute all the purposes and intents of a savings, luan and trust 
corporation. 
Objects of the § 2. The general bnsiness and object of this Corporation 

corpora ion. g}^j^Q \^q ^q receive, on deposit or in trust, such sum or suras 
of money as may from time to time be oflered therefor, by 
tradesmen, merchants, clerks, laborers and others, to be 
repaid to such depositors when required, at such times, with 
such interest, and under such regulations, as the board of 
directors may from time to time prescribe ; which regula- 
tions shall be posted up in some conspicuous place in the 
rooms where the business of said corporation shall be trans- 
acted. 
First board of g 3. Thc busiucss of the Corporation shall be managed 
by a board of directors; and the persons named in section 
one shall be the hrst directors thereof, and shall so continue 
until the first Monday in May, 1870, when their successors 
shall be chosen as hereinafter provided. Said company 

Location. shall be located at Winchester. 

Capital stock § ^- The Capital stock of said corporation shall be fifty 

to be' subscribed thousand doUars, divided into shares of one hundred dollars 
each, payable in installments, as the directors may from 
time to time elect, under such penalties as they may, in 
their discretion, adopt; and the directors are hereby ap- 
pointed and authorized to superintend the subscriptions to 
the capital stock of the corporation ; and it will be compe- 
tent for said directors to commence the business of the cor- 
poration when the full amount of stock shall have been 
subscribed, and at least twenty-five per cent, of it paid into 
the treasuiy. 
:-iay i-^an § 5. This Corporation may loan money, at any rate of 

™ un%m"!^ '^'''" interest not exceeding ten per cent, per annum, or may dis- 
count in accordance with bank usage — taking such security 
therefor, either real or personal, as the directors may deem 
sufficient. Said corporation shall have power to borrow 
money, buy and sell exchange, bullion, bank-notes, govern- 
ment stocks, and other securities; but nothing in this act 
contained shall confer on said coporation the privilege of 
issuing notes similar to bank-notes, for the purpose of a 
circulating medium. 
Purchase, hold § Q. It shall be lawful for this corporation to purchase 

eSe^°^^^ ^^^^ and hold such real estate as may be 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 any del)t or debts, due or to become due to the said cor- 
poration ; to purchase real estate at any sale, made in virtue 
of any loan, debt or mortgage made to or held by said cor- 
poration, and to receive and take, in whole or in part satis- 
faction of any such loan or debt, any real estate, and to 
hold and convey the same. 



BANKS — INCORPOE^iTED. 225 

§ 7. The stockholders of this corporation shall meet on .^;^i'^'^ai ^^-^^i 
the first Monday in May, 1870, and annually thereafter, hoMers. 
and elect, by ballot, from their number, seven directors, to 
serve for the term of one year or until their successors are 
chosen. Each stockholder shall Idc entitled to one vote for 
every share of stock standing in his or her name, on the 
books of the corporation; and they may vote in person or 
by proxy. The name of each stockholder, so voting, shall 
be indorsed on the ballot, and a plurality of votes shall 
elect. The directors shall elect, annually, from their num- flection of 
ber, a president, vice-president, and secretary ; the cashier ^ 
may be selected from the stockholders by the directors. 
The directors shall make and execute such by-laws as may 
be convenient and necessary for the proper prosecution of 
the business of this corporation, and not inconsistent with 
this act, or with the laws of this state or of the United 
States. 

§ 8. At any time after the fall payment of the original ^^ JJ.^f '^"^f:^,^ ^° 
stock of fifty thousand dollars, as hereinbefore provided, '^^^'^^^ 
the directors may increase the capital stock of said corpo- 
ration to any amount not exceeding two hundred thousand 
dollars, in shares of one hundred dollars each ; and said 
increased stock shall be subject to all the liabilities, immu- 
nities and privileges of the original stock. Stockholders 
shall have the option of subscribing to such additional stock, 
2)ro rata, within such time as the directors may limit. 

§ 9. When any deposit is made to said corporation by T^epo8iis, how 

^ !• 1 T • 1 n^ -r • and to wbom 

a mmor, or by a female bemg or hereaiter becoming a paid. 
married woman, the said corporation may pay such depos- 
itors any sum of money due to them, and their receipt or 
acquittance shall bo a legal discharge to said corporation 
therefor. 

§ 10. The stock of this corporation shall be deemed „,'^!°^^^^^™«^ 

1 !• 1 n ^ 1 T 1 1 ,• 1 personal pro- 

personal property, transferable only on Uie books of the pei-ty. 
corporation; and no transfer shall be valid while he is in- 
debted to the corporation. 

§ 11. This corporation shall exist for the term of thirty Duration of 
years next succeeding the first of May, A. D. 1869, and 
shall be entitled to use all its corporate powers, rights and 
privileges, for the period of two years ^thereafter, for the 
sole purpose of closing up its affairs. The stockholders 
herein shall be responsible, in their individual property, 
in doable the amomitof their stock, to make good all losses ^'^J^^^¥^'^^ '''^ 
to depositors or others ; and no assignment of their stock 
shall release them from their liability until after the fact of 
such assignment, and the name of the person to whom 
m.ade, and the amount of said stock, shall have been adver- 
tised in some pubhc newspaper, printed in the county 
where the corporation is doing business and located, fur 
the period of three months. This act shall be void unless when act to 
said company shall organize and proceed to business within ^^ ^°^^' 
—29 



corporation. 



226 UANKS INCORPORATED. 

two years after the passage hereof. The said company shall 
be subject to any 2:eneral law hereafter passed on the sub- 
ject of banking, trust or deposit companies. 

§ 12, This act shall be deemed a public act, of which all 
courts and magistrates shall officially take notice; and shall 
take effect on and after its passage. 

Approved March 31, 1869. 



lu force March 
30, 1869. 



AN ACT to incorporate the Workingmeu's Banking Company. 



Corporators. 



Section 1. Be it enacted hy the Peojyle of the State of 
Illinois, reiyresented in the General AssemUy, That John 
McMullen, Ernest W. Wider, Mortimer Millord, Frederick 
E. Schul, J. D. Herkimer, George W. Davis, Henry Scholl, 
James IL Miller, 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 aiKisiyie. name and style of "The Workingmeu's Banking Com- 
pany;" and shall have a common seal, which they may 
alter or renew^ at pleasure ; power to plead and be im- 
pleaded, and defend and be defended, in all courts of law 
and equity; to liave and exercise powers incident to corpo- 
rate bodies. Said corporation shall be located in the city 
of East St. Louis, in the county of St. Clair, and state of 
Illinois. 

si?iwription,'^°'" § 2. A majority of the corporators herein named may 
proceed to open books for subscription to the stock of said 
corporation, and shall, at the same time, or thereafter, desig- 
nate a time and place for the first election of directors of 
said corporation, by parties subscribing to the stock there- 
of; and each share of stock so subscribed for shall be enti- 
tled to one vote. 
Amonnt of 8 3. The caintal stock of said corporation shall bo fifty 

capital stock. .-, - i a ^^ ■,^ - • ^^ . i_ 

tlionsand dollars, with power to increase the same to one hun- 
dred and fifty thousand dollars, and sliall be divided into 
shares of one hundred dollars each ; which shares shall be 
deemed personal property, subject to taxation, and shall be 
transferable on the books of the corporation in accord- 
ance with the rules thereof. 
mSey a^r^c- ^ '^' ^^^^ ^'^^^ Corporation shall have power to borrow 
ceive deposits, monoy, and receive money on deposit and pay interest there- 
on ; and to loan money, either within or without this state, at 
any rate of interest not exceeding that now or hereafter 
allowed bylaw to private individuals ; and to discount loans 
— and in computation of time thirty days shall be deemed a 
month, and twelve month a year — and to make such loans 
, payable cither witliin or without this state ; and to take 



BANKS — INCOEPOEATED. 227 

•such securities tliercfor, real or personal or both, as the di- 
rectors 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 Avithin or jeS/oUrust" 
without this state ; may buy and sell negotiable paper and 
other securities, may purchase and sell real estate, and shall 
have the power to convey the same in any mode prescribed 
by the by-laws of said corporation ; may accept and exe- 
cute all such trusts, whether fiduciary or otherwise, as shall 
or may be committed to it by any person or persons, or by 
the order or direction of any court or tribunal, or other 
legally constituted authority of the state of Illinois or of 
the United States, or elsewhere; may make such special reg- 
ulations, in reference to trust funds or deposits left for accu- 
mulation or safe-keeping, as shall be agreed upon with 
depositors or parties interested, for the purpose of accumu- 
lating or increasing the same; may issue letters of credit Lcuers of credit 
and other commercial obligations, not however to circu- 
late as money ; and may secure the payment of any loans 
made to said corporation, in any way the directors of said 
corporation may prescribe. 

§ 5. Married women and minors may, in their own Married wo- 
names, subscribe for stock and deposit money with said cor- may uke'stock! 
poration, and receive certificates of stock and deposits in 
their own names ; which stock and deposits shall be subject 
to their disposal and order only. 

^ 6. The said corporation shall have power to purchase May hold and 

J111 I lij^ 1 > .^ convey real es- 

and hold such real estate as may be necessary lor the tate. 
transaction of a tonafide banking business, and to take 
and hold any real estate as security for and in j^ayment of 
loans and debts due or to become due to the corporation-, 
and to purchase real and personal estate at any sale to en- 
force its securities or the payment of debts due, made by 
virtue of any process, mortgage or deed of trust, and to 
hold, use, improve, lease or sell and convey the same. Said 
corporation may make, alter and amend such by-laws, rules 
and regulations for its management, as are not inconsistent 
with the laws of this state or of the United States : Fpq- 
vided^ that any real estate, sold under deed of trust or other 
conveyance held as security by said corporation, may be 
redeemed by the debtor, his, her or their heirs or creditors, Redemption of 
by the payment of the full amount of debt and costs, with frnTe^'deeds'lff 
ten per cent, interest on same, at any time within twelve *'''^^- 
months after such sale: And, provided, cdso, that no real 
estate that may become the property of said corporation, 
except such as may be reasonably necessary for the trans- 
action of a hona fide banking business, shall be held by 
said corporation for a longer period than may be reasonably 
necessary to enable said corporation to seU and dispose of 
the same to advantage. 



228 BA.NKS — NEW PRIYILEGKS. 

to.s'^\o*'c£si § '^- The business of said corporation shall be conducted 
of avc. by a board of not less than five directors, to be elected an- 

mially by the stockholders, whcr shall hold their oflices 
until their successors are elected and qualified. The direc- 
tors shall be stockholders, and residents of the said county. 
Each share of stock shall be entitled to one vote, and may 
be cast in person or by proxy. The board of directors shall 
elect a president and cashier; and such other officers and 
agents may be appointed or employed as said corporation or 
its officers may see proper, 
to pay inftiir^ § S. Before said corporation shall commence business, 
the stockholders shall pay the several amounts subscribed 
in full; and no increase of said capital stock shall be made 
at any time unless the amount thereof shall be paid into 
said corporation at the time of the issue of such stock ; and 
the whole capital stock, including such increase, shall not 
exceed in amount the actual value of the property of said 
corporation at the time of the issue of such increased stock. 
j.,^'^|«j'kiioiders' § 9. Whenever default shall be made in the payment 
''^ '^^' of any debt or liability, contracted by said corporation, the 

stockholders shall be held individually responsible for an 
amount equal to the amount of stock held by them, respec- 
tively ; and such liability shall continue until three mouths 
after an assignment of the stock, and publication of a notice 
thereof in a newspaper published at the said city of East 
St. Louis, in the county of St. Clair, and state of 'Illinois. 
Act, when void. § 10. This act shall be void unless said corporation shall 
organize and proceed to business within two years alter the 
passage of this act. 
toS^'SK- § ^^' ^'^ director of said corporation shall be indebted 
ness. to said corporation, either directly or indirectly, at anytime, 

to an amount greater than seventy-five per centum of the 
amount of the capital stock held by such director, in his 
own name, in good faith, as his own. 

§ 12. This act shall be deemed a public act, and shall 
be in force from and after its passage. 
Appeoved March 30, 1869. 



BANKS— NEW PRIVILEGES. 



In force March AX ACT to amend an act entitled "An act to incorporate tlie Merchants' 
^^' ^^'^^^ Association of Chicago," approved February 20, 1861 . 

Section 1, jBe it enacted by the Feajyle of the State of 

Illinois, represented in the General AasernUy , That an act 

Acts amended entitled "An act to i acorporate the Merchants' Association 



BENEVOLKNT SOCIETIES — INOOEPOKATED. 22S 

of Chicac^o," approved Feb. 20, 1S61, be and the same is 
hereby amended, so that the name of the cor^Doratioii 
thereby created is changed from " The Merchants' Associa- 
tion " to " The Hibernian Banking Association." 

§ 2. That the affairs of the said corporation shall be Boaidofduec- 
managed by a board of not less than five nor more than t,or| to consist of 
thirteen directors, who shall be stockholders to an amount 
of not less than five hundred dollars each ; and a majority 
of the directors so elected shall constitute a quorum for the 
transaction of business. 

§ 3, That an annual meeting of the stockholders of Annual meet- 
said corporation shall beheld on the second Monday of '"^°^'^'"'''^'"'- 
January of each year, for the election of directors and ofh- Election of 
cers, and the transaction of such other business as may °^<=®^^- 
come before such meeting ; and at such meeting, each share 
of stock shall be entitled to one vote. 

§ 4. All parts of said act inconsistent with this act are confliciing 
hereby repealed. ""'^^ vepe^m. 

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

Appkoved March 30, 1869. 



BENEVOLENT SOCIETIES—INCORPORATED. 



AN ACT to incorporate the Chicago Bakers' Relief Society, at Chicago, In force March 
Cook county, state of Illinois. 2G, isoy. 

Section 1. I)e it enacted hy the Feojjle of the State of 
Illinois^ represented in the General AssemUy, That Fred- 
erick Roetz, Franz Erthop, Jacob Heissler, Joseph Whitt- ccr.)oiatore. 
mer, Franz Hanskel, Ludwig Zimmermann, Henrich Iler- 
bold, Fredrick Kehler, Robert Brandkuber, Anton Freitag, 
Louis "Winterberg, and August Junge, and such other per- 
sons as shall, from time to time, become members of said 
society, are hereby incorporated and shall be a body corpo- 
rate and politic, by the name and style of "Chicago Ba- Name and stjie. 
kers' Relief Society," located at Chicago, Cook county, 
state of Illinois ; and under that name shall have perpetual 
succession, and shall be capable of suing and being sued, 
pleading and being impleaded, in all courts, both in law 
and equity in this state; and may have and use a common aiay have and 
seal, and the same to alter and amend at pleasure. ^eai.'' """"""^ 

§ 2. Said corporation shall have power to acquire, hold ^^^^^^J ^^Jfi '^''^^ 
and convey property, real, personal and mixed, in all law- tatT.*"^ '''''' 



230 IJIONEVULENT SOCIETIES — INOOKPORATKD. 

fill wiiys: J Provided, that they sliall not, at any one rimo, 
have or hold property exceediug in vahie iil'ty thuu-saiul 
dollars. 
BcDcvoieni i- 3. TliG objects of Said society arc the promotion of 
ciatiou."^ "^''"' the social interests of the bakers, the aiding of its sick 
members, and the relieving of the ^vido\vs and orphans of 
its deceased members. 
B\--iaws, riiifiH § 4. Said corporation shall have the power to make all 
andic^niatious. j)(3cessary rulcs and by-laws, for its management, not incon- 
sistent with the laws of this state or of the United States. 
§ 5. This act shall be a public act, and shall be in force 
from and after its ])assage. 
Approved March 26, 1SG9. 



In force March AN ACT lo iiu-orpoiK'' tlic Bcnodifliiio Onlor iii Cliioaf^o, ("ook oouiitv, 
^^'I'^S''- Illinois. 

I'rcami.ie. WiiEREAs tlicrc cxists, in the city of Chicago, county of 

(x)ok, and state of Illinois, an association, called "The 
Benedictine Order," being a society of religious men, liv- 
ing in community, devoted to charitable works and the ed- 
ucation of youth, and whereof Leandcr M. Schnerr is pri- 
or, and Corbinian Gastbiehl, Agatho Stuebiiiger, Suitbert 
Demorteau and Uoniface Wimmer arc membci's and asso- 
ciates ; now, therefore, to enable said association more fally 
to carry out the objects and purposes thereof, and the ob- 
jects and purposes of this act, 

Section 1. jBo it enacted hj the Feoj^lc of the State of 
Illinois^ represented in the General Assembly^ That the 

Corporator;^. Said Boniikcc Wimmer, Leander M. Schnerr, Corbinian 
Gastbiehl, Agatho Stuebinger, and Suitbert Demorteau, 
tlieir associates and successors, are hereby created and con 
stituted a body corporate and politic, by the name and 

Name and i^iyic. style of " The Benedictine Order;" and, by such name 
style, shall have perpetual succession, with power to sue 
and be sued, plead and be impleaded ; to take and hold, by 
purchase, gitt, grant, devise or otherwise, from any person, 
persons or corporation, any property and estate, real, per- 
sonal and mixed, and the same to manage, grant, sell, 
May invest convey, mortgage,' lease or otherwise dispose of; and to in- 

ou'^rearc'tatc' ^'^^^ '^"^^ ^^^"^ "^1^. ^H^o" interest, the funds of said corpora- 
tion, and appropriate said funds for its benefit ; to contract 
and be contracted with; 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 
Control ihc and scrvauts, and for their removal, and concerning the 

isSuou.'"^^ property and affairs of said corporation, not inconsistent 



BENEVOLENT SOCIETIES— INCORrOKATED. 231 

with the laws and constitution of the state of llhnois ; also, 
to fix and change the time of meeting in and by such by- 
laws ; the number, manner of election, qualification of 
othcere, directors and members, and their powers and du- 
ties. I 

§ 2. The object of this corporation shall be of an elee- . ^ims andoi)- 
mosenarj' nature, namely for the relief and support of side, fiatfon.^ '^^^'^°' 
destitute and dependent persons, the maintenance of or- 
phans, the care and education of youth, and the establish- 
ment of churches and the conducting services therein, as, 
also, the establishment of schools and school houses ; and 
the said corporation shall have power to do whatever act or 
thing that may be necetsary or proper to carry out its ob- 
jects. 

§ 3. All conveyances and instruments in writing, made who to make 
by said corporation, shall be executed by the prior and conveyances. 
treasurer of said order, residing in the city of Chicago, un- 
der the corporate seal. 

§ i. That any person or persons, or corporation, now jPfo^perty trans- 
holding or hereafter to hold any estate, real or personal, ration. ^^'^^^°' 
or mixed, or any interest therein_, in trust or for the use of 
the said order or any of the members, are hereby author- 
ized to convey, transfer, grant and make over the same to 
the corporation hereby created, freed and discharged from 
all such trusts : Pi^ovided, that the said corporation shall 
appropriate the same to the same uses as the donors and 
grantors, by whom the same was originally given or grant- 
ed, intended the same : Ftomded^ further, that no private 
rights or vested interests shall be affected or in any way 
prejudiced by such conveyance to this corporation. 

§ 5. K'o misnomer of the said corporation shall defeat no misnomer 
or annul any gift, grant, devise or bequest, to or for the.ofassodatwn'!'''' 
said corporation : Provided,, that the intent of the party or 
parties shall sufficiently appear on the face of the gift, will, 
grant or other writing, whereby any estate or interest was 
intended to pass to or for said corporation. 

§ 6. I^othing in this act shall be construed to invest . Not to be 
said corporation with any banking powers or privileges, or banking powers 
the right to receive money on deposit. 

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

Approved March 27. 1809. 



232 



BENEVOLENT SOCIETIES — INCORPOKATED. 



In force March AX ACT to incorporate the Benevolent Society of tlio Free Methodist 
1-'U8«^- Church. 



Corporators. 



Name and .s(yl 



Object* of the 
iucorporulioii. 



Section 1. Be it enacted hy the Feople of the State of 
Jllinois^ representedin the G-eneral Assemhbj, That Josepli 
Travis, L. Bailey and C. E. Hanover, preachers, of the 
Free Methodist Church, and liaving a seat in tlie Illinois 
Conference of the same ; E. A. Kimball, O. P. Rogers and 
Benjamin Hackney, members of the same, and their succes- 
sors, are here constituted a body politic and corporate, by 
the name and style of "The Benevolent Society of the Free 
Methodist Church ;" and by that name and style they and 
their successors shall be known in law, and have perpetual 
succession, and be capable of suing and being sued, pleaded 
and being impleaded, contracting and being contracted 
with ; of having and using a common seal, and altering 
and renewing the same at pleasure ; of taking, holding, 

Mayhoui and Selling aud couveyiug real and personal estate, and of doing 
tater^ ^^^ ^^" whatever may be necessary or proper to carry out the ob- 
jects of this act; and shall have and possess all the powers 
incident to a corporation at common law. 

§ 2. The object of said corporation shall be the receiv- 
ing, maintaining, investing and disbursing of a land, for 
the support of the widows and the support and education 
of the children of deceased preachers of the Free Metho- 
dist church, and for such other benevolent purposes as the 
Illinois Annual Conference of the Free Methodist Church 
may, from time to time, by a three-fourths vote, direct. 
0" § 3. There shall be six trustees of said corporation, 
three of whom shall be preachers, of the Free Methodist 
church, having a seat in the Illinois conference, and three 
lay-members of the same church, within the same confer- 
ence. The corporators above named are hereby appointed 
trustees, until their successors, respectively, shall be elected 
as hereinafter provided. As soon after the passage of this 
act as may be, upon the call of any two of said corporators, 
there shall be a meeting of said corporators, held at the 
time and place mentioned in said call ; at which meeting 
the said corporators who are preachers of said church shall 
provide, by lot, who of their number shall hold his office 

Term uf t mce. |\ji^ the term of three years, who for the term of two years, 
and who for the term of one year ; and, at the same meet- 
ing, the said corporators who are lay-members of said 
church shall do the like ; aud said corporators, as such trus- 
tees, shall hold their offices, respectively, as shall be so de- 
cided. At each annual meeting of the said conference it 

Annnai meet- shall elcct two trustces, One of whom shall be a ])reacher of 

n;,' o I trustees. • i i i i • , • . ~n^• ■ . ' i ^i 

said church, havmg a seat in tue Illinois conterence, and the 
other a lay-member of said church within said conference, 
who shall succeed to the trustees whose term of office shall then 
expire, and who shall thereafter hold their offices for the term 



Ei'ct:o 

officers. 



BENEVOLENT SOCIETIES — INCOEPORATED. 233 

bf three years and until their successors shall be duly elected 

in like manner. In case of a vacancy amono-said trustees, .When vacan- 

1 . 1 ^ 1 <-ii i cies occur, how 

by death, resignation or otherwise, the same may be tilled mied. 
by the remaiuing trustees, until the next annual meeting of 
said conference, when the vacancy shall be filled by the 
conference for the remainder of the unexpired terra. Said 
trustees shall perforin the duties of their office without com- 
pensation. 

§. 4. The affairs of said corporation shall be managed Trustees to 
by said trustees ; and for that purpose they shall have power ?f*°o%oration^^ 
to choose their own president and secretary (who shall be 
chosen by ballot, annually, from their own numbers), and 
other officers and agents, and prescribe their duties ; and 
to make such ordinances and bydaws, from time to time, as 
they shall deem necessary or proper — the game not being 
inconsistent with this act or the laws of this state. Said .May lece^ve 
corporation may acquire, by gift, purchase, grant, devise, fuestCet'c.^' 
bequest, or other conveyance, any real or personal property, 
for the purposes of said corporation, and may lease, mort- 
gage, sell, convey and otherwise dispose of any property 
belonging to said corporation, in such manner as such trus- 
tees may deem best. 

§ 5. The income only arising from the property of said incomes, 
corporation shall be disbursed by said trustees in carrying 
out the objects of said corporation, unless they shall be au- 
thorized from time to time, by a vote of said conference, to 
apply and disburse the principal or any part thereof. All Funds may be 
moneys belonging to said corporation, not required to be g^me?*^ ^^^^^^ 
disbursed to carry out the objects thereof, shall be invested 
by said trustees in real estate or other property, bonds of 
the United States of America or of Jthis state, or of muni- 
cipal and public corporations within this state, or they may 
be loaned, upon bond or note, to be secured by mortgage 
upon real estate of double the value of the amount of the 
sum loaned. Nothing, however, in this act shall be so con- Not ^o do a 
strued as to authorize said corporation or said trustees to ness7°^ 
engage in the business of banking. 

§ 6 This act shall take effect and be in force from and when act to 
after its passage, and shall be deemed a public act ; and 
shall be construed liberally in favor of said corporation, so 
as to advance its objects. 
Approved March 13, 1869. 



AN ACT to incorporate the Cairo St. Patrick's Benevolent Societ.v. ^^ ^^7^186?'"^'^^ 

Section 1. Be it enacted by the People of the State of 
Illinois, represented i)i the G-eneral Assembly, That tiie 
members of the Cairo St. Patrick's Benevolent Society, in corporators, 
—30 



234: BENEVOLENT SOCIETIES — INCORPORATED. 

the city of Cairo, and county of Alexander, and all })crsons 
who shall hereafter become associated with them, are iiereby 
constituted a body politic and corporate, by the name of 

Name ami style. "Tl^c Cairo St. Patrick's i3enevolcnt Society," and by that 
name shall have perpetual succession, with power to make, 
have and use a common seal, and the same to alter and re- 
new at pleasure ; to contract and be contracted with, sue 
and be sued, implead and be impleaded, answer and be an- 
swered unto, in all courts of competent jurisdiction; and 
shall have all other such povv'ers and privileges as may be 
necessary to fnltill the objects of their incorporation. 
Objects of fhc § 2. The objccts of this corporation shall be thc aiford- 

corporiition. j^g j^g i;i;i(3ii^|)cr6 mutual assistance in the hour of adversity, 
disease, sickness and death, and all other such benevolent 
and charitable purposes as thc society may, in its by-laws 
and constitution, appoint, direct or sanction. 

omcers. § 3. The officers of this corporation shall be a president, 

vice-president, segretary, treasurer, steward, and a finance 
committee of live members of the society — all of whom 
shall be chosen annually, by ballot, at such time and in 
such manner as may be prescribed in the constitution or 
by-laws, and shall hold their offices for one year or until 
their successors are elected and qualified : Provided^ that 
any officer may be removed by a vote of two-tldrds of thc 
members, 
nnties of the § ^' The president, vicc-prcsident. Secretary, treasurer, 

executive com- steward and finance committee shall, to2;ether, constitute an 
executive committee, the powers and tluties ot which may 
be prescribed in the bydavs of the society. 
May hold aud § ^- ^his Corporation shall have power to define the 

convey real pro- powcrs and uuties of its officci'S, appoiut such committees 

^^"^ ^' and inferior officers and agents, and adopt such by-laws, as 

it may deem necessary for its well-being, good government 
and the fulfillment of the ends for which it is created ; and 
it shall be competent, in law and equity, to take to itself, 
in its corporate name, real, personal or mixed property, by 
gift, grant, bargain and sale, conveyance, will, devise or be- 
(piest, and to grant, bargain and sell, convey and demise, 
let or place out at any interest, or otherwise dispose of the 
same, for the use and benelit of said corporation, in such 
manner as shall seem most beneficial thereto andin further- 
ance of its objects. Said corporation shall not own and 
hold personal or real estate to exceed in value the sum of 
seventy-five thousand dollars. 
Bondoftrea- § ^>- Said Corporation may require bond and satisfac- 

surer. ^^^y.J security of its treasurer, for the faithful pcrlbrmance of 

his duties as such officer. 
Present ronpti- § Y. The Constitution and by-laws heretofore adopted by 

ti.tion in force, g^jj Cairo St. Patrick's jBenevolent Society, and now in 
force, which are not inconsistent with this act, or with the 
laws of this state or of the United States, shall remain and 



235 



Duration of 
corporation. 



BENEVOLENT SOCIETIES — INCOfiPOEATED. 

continue in force from and after the passage of this act, 
until altered by said society ; arid all personal property and 
effects, of any' kind, now held by said society, or by aDj 
person, in trust thei-efor, 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 its name. 

§ 8. " This corporation shall not be dissolved so long as 
there shall remain ten members disposed to perpetuate it ; 
and if, at any time, it should be dissolved, whatsoever prop- 
erty may be in the possession of or in any way belonging 
to it, shall not revert to the original donors, but shall be do- 
nated to such benevolent and charitable purpose as the 
society may direct. 

§ 0. This act to take effect and bo in force from and 
after its passage. 

Approved March 27, 1869. 



AN ACT to incorporate the Centenary Camp Meeting Association of Jollet lu force April 
District. ^^' ^^*^^- 

Section 1. Be it enacted hj the People of the State of 
Illinois, represented in the General Asse)nbli/, That Otis 
Hardy, Abel Bliss, John Crawford, Harvey Evans, Elijah coiporators. 
L. Bray ton, Russell Seager, Joseph Lev/is, John S. Jessup, 
John S. McGrath, trustees, and their successors in office, bo 
and they arc hereby created and constituted a body politic 
and corporate, under the name and style of "The Centenary Name and i^tyie 
Camp Meeting Association of Joliet District," and hence- 
forth shall be known by that name and style, and have per- 
petual succession, with power to sue and be sued, plead and 
be impleaded, to acquire and hold such property, real and 
personal, as shall be necessary for carrying into successful 
effect the objects of said association; to have and use a com- 
mon seal ; to make and alter, from time to time, such by- 
laws as they may deem necessary for the proper manage- 
ment and control of the property, grounds and personality ' 
of such association, its officers and servants : Provided, 
such by-laws are not inconsistent with the constitution and 
laws of this state arid of the United States. 

§ 2, The object of said association shall be to furnish object. 
convenient and accessible grounds, within the town of New 
Lenox, in the county of Will, in said state of Illinois, for the 
holding of camp meetings, under the direction and authority 
of churches, in connection with the Rock River Conference 
of the Methodist Episcopal Church, in said state ; and for 
that purpose the said association is hereby empowered to Purcimse pite, 
purchase, or acquire by donation, a tract of land in said 
town of New Lenox, of not exceeding forty acres, and the 



^^y BENEVOLENT SOCIETIES — INCORPOKATED. 

same to improve, adorn and lit up for use as aforesaid, at its 
discretion. 
Annnai eiec- § 3. Said association may elect, at tlie annual camp 

lion of trasteee. " ,. , , , t , , . , "^ . t^ -, -, -.. . > ^ 

meeting to be held during the year A. D. Ibbi) — or, in de- 
fault of such meeting being held,. at the first camp meeting 
held after the passage of this act — nine trustees, of said 

Term of offics. association, three of said trustees to hold their office for the 
term oi' one year, three to hold office for two years, three to 
hold office for the term of three years, and until their suc- 
cessors shall be elected ; and thereafter, at the annual meet- 
ings of said association, said association may elect trustees 
of said association to till vacancies occasioned by the death, 
removal, resignation or expiration of office of any trustee — 
which trustees shall h.'.-ld office for the term of three years 
and until their successors shall be appointed ; and the per- 
sons who shall have the right to vote, at such elections, shall 
be the pastors of the several charges in the said Joliet dis- 
trict, and every person owning lots or parts of lots on the 
said grounds under the control of said association. 

of^^^er?'^^"'^ § ^- ^^^^ ^^^^^ trustees shall have power to appoint a 
president, vice-president, secretary and treasurer, from their 
number, and to employ such agents and servants as inay be 
necessary for the purpose of carrying out the object of said 
association, 
PoUce re?uia- § 5. The Said trustees and their successors, and the offi- 

tions for their " , , n • , •■• ini j 

govenmient. ccrs and Servants of said association, shall each and every 
one of them, during the occupancy of the grounds of said 
association by religious assemblies, be vested Avith police 
powers, with authority to arrest, upon view, all persons 
guilty of any breach of the peace, disorderly conduct, dis- 
turbance of such religious assembly, infraction of the pub- 
lished rules of said association or of any oft'ense against the 
laws of this state, and take such oli'enders before any justice 
or justices of the peace in Will county, to be dealt with ac- 
cording to law : and such justice or justices are hereby 
authorized to hold courts on 'said premises. 
Prohibit sale g 6. The Said associatiou shall have power and are 
iquors. liereby vested with authority^ to prohibit, upon its grounds, 
and for a space of one hundred and sixty rods in width on 
all sides of their grounds, the selling or giving away of any 
and all fermented, vinous or spirituous liquors, and to pro- 
hibit hucksterinor and the selling of all articles calculated to 
disturb religious meetings; and may, under its police pow- 
ers above conferred, arrest any person in the act of so sell- 
ing or giving away any such liquors, or huckstering or sell- 
ing any articles, to the disturbance of such meetings, and 
take him or her before a justice of the peace, to be dealt 
with according to the provisions of section (7) seven of this 
act 

^Ing tt"®^*" § 'J'- A.ny person who shall be guilty of selling or giv- 
ing away ^ny fermented, vinous or spirituous liquors, or 



BENEVOLENT SOCIETIES — INCOEFOEATED. 237 

selling any articles, to the disturbance of sncli meetings, 
contrary to the provisions of any by-law of said association, 
enacted under the provisions of section (6) six of this act, 
shall be subject to a fine of not exceeding fifty ($50) dollars 
for each and every offense, recoverable before any justice 
of the peace of said county of Will. 

§ 8. No person shall be liable as an offender against giJJ'a"*^'^ '° ^■ 
any of the provisions of this act, or any by-law of said asso- ° 
ciation, unless the said association shall have posted, in a 
conspicuous place or places, the fall tenor of such by-law or 
provision against which such alleged offense shall have been 
committed. 

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

In force April 15, 1869. 

I. Edwaed EtdiImel, Secretary of State, do hereby certify that the foregoing act of 
the Twenty-sixth General Assembly of the State of Illinois was fllecl in the olSce of the 
Secretary of State, April 15, 18iJ9, without the signature of the Governor, but. by virtue 
of Section 21, Article IV, of the Constitution ot this State, ihe same is now declared a 
law, having been retained over ten days by the Governor after its reception. 

EDWAKD EUMMEL, Sec'y of State. 



AN ACT to incorporate and legalize the incorporatio.i of the Chicago In force March 
Siclv Eelief Association. 15, 1SG9. 

Section 1. Be it enacted Ijij the Peoyleof the State of 
Illinois^ fejyresented in the General AssemUy, That the organization. 
said association, organized under an act of the legislature 
of this state, entitled "An act for the incorporation of 
benevolent, educational, literary, musical, scientific and 
missionary societies, including societies formed for mutual 
improvement, or for the promotion of the arts," approved 
the 21:th day of February, A.D. 1859, be and hereby is 
declared to be a legally existing and organized body corpo- 
rate and politic ; and J. G. Gindele, president, John Feld- officers, etc. 
kamp, vice-president, Charles Rietz, treasurer, Charles 
Knobelsdorff, secretary, Fritz Metzke, Hermann Kaestrier, 
Louis Jaeger, Charles ^Salzmann, Gustav Ptueprecht, di- 
rectors, being the present ofiicers and directors of the said 
association under its constitution and by-laws, and such 
other persons as now are or may hereafter be associated 
with them as stockholders, shall have perpetual succession, 
under the name and style of "The Chicago Sick Relief Name and styi 
Association ; " and by that name may sue and be sued, 
plead and be impleaded, in all courts of law or equity in 
this state. 

§ 2. Said association shall have all the powers, rights Powers, 
and privileges, and shall be subject to all the duties, obli- 
gations, limitations and restrictions, mentioned and enu- 
merated in their constitution, except so far as the same 
shall be affected, changed or modified by this act, and are 



238 BENEVOLENT SOCIETIES — INCORPORATED, 

not inconsistent with the laws and conBtitution ot' this 
btate or of the United States. 
Present officers § 3. The present officers of said association shall con- 
to hold ever, tlnuc to be the officers of said association, the same as if 
this act had not been passed ; and the officers of said asso- 
ciation, and their term of office, and the mode and manner 
of electing the same, and tlieir duties, shall be as prescribed 
in said constitution. 
May borrow §4:. Said association shall liave powcr to boiTOw monev, 

money and hold i . , . - i i . • • 

r«ai estate. and to executo promissory notes or bonds, or to issue evi- 
dences of indebtedness, and to execute such mortgages or 
other pledges of its personal or real estate, in its corporate 
name, as may by its board of directors be deemed neces- 
sary to secure the payment of any indebtedness it may 
contract in the carrying on and discharge of its business 
under the said constitution; and also shall have power to 
receive and hold real estate, in value at any one time not 
exceeding one hundred thousand dollars, and convey the 
same, under such rules and regulations as may be adopted 
by its board of directors. 
Amouut of § 5. The capital stock of said association may be here- 

capitai stock. .^j-^^„ increased to fifty thousand dollars ; and the directors 
may hereafter require that all subscriptions for stock here- 
tofore or hereafter issued to be paid in cash. 

§ G. This act shall be deemed a public act, and shall 
be in force from and after its passage. 
ArrRovED March 15, 1S69. 



lu force ]srarch AN ACT to incorporate the Central Illinois Conference Preachers' Aid 
9,1869. Society — a benevolent association organized for the relief of widows 

and orphans of deceased members of said association. 

Section 1. Be it enacted hj the Peaj/le of the State of 
lllinoi?, 7'epresented i)i the General AssemUy^ That Richard 

Corporal. .rs. Ilauev, Picrcc T. Rhodcs, AdanvC. Iliggins, Francis M. 
Chatiee, John P. Brooks, and their successors in office, and 
all otliers who may be associated with them as members of 
the corporation hereby created, shall constitute a body cor- 

Name and style, porate, by the iiauie of "The Central Illinois Conference 
Preachers' Aid Society;" and by that name shall have 
perpetual succession, and as such may sue and be sued, 
implead and be impleaded, appear, prosecute and defend, 
in any court of record or other court or place whatsoever; 
and may have a common seal. 

Director..^. § 2. The persons above named in the preceding section 

shall constitute and are hereby created aboard of directors 
for said society, and shall hold their offices until the time 
of the next annual session of the Central Illinois Confer- 



BENEVOLENT SOCIETIES — INCORPORATED. !239 

once of the Methodist Episcopal Church, at which time 
their successors shall be elected hj the members of said 
society, and annually thereafter, at each annual session of Annnai election. 
said conference: Frovided^ that such directors shall hold 
their office until their successors shall have been elected, 
as provided for in this section. The duties of the board of 
directors hereby created shall be to execute, administer and 
carry into effect all by-laws, rules and regulations that may 
be made by said society for the government and manage- 
ment of the business of the society. Said corporation shall 
liave power to make, alter and amend such by-laws, rules 
and regulations, for its management, as are not inconsistent 
with the laws of this state or of the United States : Fro- Limited am-t 
vided, said society shall not hold real estate to exceed fifty of real estate, 
thousand dollars in value. 

§ 3. This society shall have power to render such object, 
financial assistance to the families of deceased members of 
the society as may be determined by said society; and the 
sole object of said society, in the management of its busi- 
ness, shall be to render assistance as aforesaid ; nor shall 
any dividend of the means of the society, or any part 
thereof, ever be made, inconsistent with the provisions of this 
section. 

§ 4. Said society shall have power and authority to May hold and 
receive, retain, and dispose of in such way and manner as tate.^^^ ^^^ ^^' 
may be j^rovided for by the by-laws, rules and regulations 
of the society, any donation, grant, annuity, trust or be- 
quest, either of money, property or real estate : Frovided, 
that no such donation, grant, annuity, trust or becpiest 
shall be disposed of otherwise than by a rote of two-thirds 
of the members of said society, assembled in a regular 
annual meeting of the society. • 

§ 5. The office of the society, for the transaction of Location of 
business, shall be at the place of residence of the secretary °^^^' 
of the board of directors. 

,^ 6. This act shall be deemed a public act, and shall 
take effect and be in force from and after its passage. 

Approved March 9, 1869. 



AN ACT to incorporate the Druid Relief Association of Quincy, Illinois, in force March 

31, isti9. 

Section 1. Be it enacted hy the FeopU of the State of 
JUinois^ represented in the General Assembly, That AVil- corporator.?. 
liam Bader, Francis Drude, Frederick Jaraud, Andrew 
Eckert, August Scheineman, George Baesser and John 
Erdman, of Quincy, Illinois, and all such other persons as 
now arc or shall be hereafter members of any grove of the 



249 BENEVOLENT SOCIETIES — INCORPOKATEb. 

United Ancient Order of Druids of the state of Illinois, 
hereafrer associated with them, ba and they are hereby 
created a body politic and corjtorate, by the name and style 

Nameamut\!e. of '"Tiie Druid Kolicf Associatiou of Qiiincv, Illinois;"' 
and by that name they and' their successors shall have per- 
petual succession, and be capable in law of cjntractinii; and 
beini^ contracted with, suini:^ and being sued; of hav^n-^. 
using and changing a common seal ; of i>urchasing, or 
receiving by gift, bequest or donation, property of all 
kinds, and to sell and convey the same at plear^ure: Fro- 
cided, however, that the said corporation shall not at any 
one time hold real, personal cr mixed property to an 
amount exceeding in value one hundred thousand dollars. 
objecfsof the § 2. The sole object and purpose of this corporation 

corporation. ^\^q\\ \)q. to fumish and provide i)ecuniary aid and relief to 
the widows and children of members of subordinate groves 
of United Ancient Order of Druids of the state of Illinois 
and of this corporation at the time of their death; and to 
the end that the benevolent purposes of this corporation 
shall not be diverted, any and all persons who now are or 
hereafter shall be members of any grove of United Ancient 
Order [ofj Druids of the state of Illinois, in good standing 
at the time, shall, upon his or their application, and com- 
])liance with the lawful rules and regulations of this corpo- 
ration, be received as members thereof; but none but 
Druids shall become members of this corporation. 

Manager.-. § 3. The members of said corporation shall each year 

elect from their number not less than three nor more than 
eleven, *as a board of managers, whose duty it shall be to 
manage and direct the affairs and business of said corpora- 
tion. The board may from time to time appoint and dis- 
charge such other agents or officers of said corporation as 
to them seems best. 

Eowrnnd^may § 4. Said Corporation shall have j^ower, by assessment 
upon the members theieof, to raise a fund to be ])aid to the 
widow and children of any person dying whilst a member 
of this corporation. The sum so to be i^aid shall in no one 
case, however, exceed the sum of lifteen hundred dollars. 
To establish § 5. Said corporation shall have the power to make and 

r4'!ua\ionB.'"''^ adopt all such b3'--laws, rules and regulations as to the ma 

jority of the members thereof shall seem best, and the 

same to alter or abolish at pleasure — not repugnant to the 

constitution of this state or the United States. 

Bond aud FP- § 6. All funds of said corporation shall be held and 

curityofoflicers p^^j^ q^^|- j', ,1- the purposes aforcsaid, in such manner as shall 
from time to time be provided by the by-laws, rules and 
regulations thereof, and not otherwise. Said corporation 
shall have power to take bond, with security, from any or 
all of its othcers and agents, for a proper discharge of tlie 
duties of their office. 



BENEVOLENT SOCIETIES — INCORPOBATED. 



241 



5 7. Any member of this corporation who shall here- Members may 
after be expelled, for misconduct on his part, irom tiie 
grove to which he may belong, by final judgment, shall 
thereupon cease to be a member of this corporation. 

§ 8. That the term "widow and children," as used in 
this act, shall be held to iucludo such other persons as shall 
be members of the family of any member of this corpora- 
tion at the time of his death, and dependent upon him for 
support. A salary may be allowed to the secretary of said ■ r^-r 

corporation, but to no other officer or agent. The corpora- surplus funds. 
tion may from time to time loan out any surplus funds it 
shall have on hand, and take security for the payment 
thereof, with interest. 

§ 9. This act shall be construed liberally for the accom- 
plishment of the objects thereof, and shall be deemed and 
taken to be a public act, and shall take effect and be in 
force from and after its passage. 

Appeoved March 31, 1S69. 



AX ACT to incorporate tlio Friendly Sons of St. Patrick's Society of the I" ?o'^7„,./"^^ 
city of Galesburg. i9, ibba. 

'!* Section 1. Be it enacted hy the Feojyle (f the State of -■,••,:•• •'^ 
Illinois, represented in the General AssemUy, That John corporators. 
W. Walsh, Michael Carey, John B. Hickey, Patrick Slat- 
tery, Patrick Bunn, Daniel Farrell, Maurice Maloney, and 
liobert Maguer, and such other persons as are now mem- 
bers of an association, in the city of Galesburg, called the. 
Friendly Sons of St. Patrick's Society of the city of Gales- 
burg, and such other persons as may, from time to time, 
become members of the corporation hereby created, are 
hereby made and constituted a body politic and corporate, 
with perpetual succession, by the name and style of " The Nameaud style. 
Friendly Sons of St. Patrick's Society of the City of Gales- 
burg ;" and by that name shall be capable, in law, of con- 
tracting 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 power to ac- May hold and 
quire, hold, occupy, enjoy and convey all real and personal [^^^^ ^^^'^ ^^' 
estate, not exceeding in value ten thousand dollars. They 
may have a common seal, and alter and renev/ the same at 
pleasure. They may adopt a constitution, rules, by-laws 
and regulations, to further the objects of this incorporation, 
not repugnant to the constitution of this state or of the 
United States — all in such manner as shall to them, from ■ '' 

time to time, seem necessary ; and they may annex to the „£couduct. ^"'^ 
breach thereof such penalty, by fine, dismission or expul- 

—31 



242 BENETOLENT SOCIETIES — INCORPORATED, 

sion, as they may deem tit ; and the constitution, by-laws, 
rules and regulations, heretofore adopted by the society 
aforesaid, shall be in force for this corporation till others 
are adopted. 
Objects of the | 2. The object and purpose of said corporation shall 

corporation. ^^^ ^^ extend relief and aid to its members in case of sick- 
ness, and to bury deceased members, and to aid the widows 
and orphans of deceased members. 

Membership. g y. To qualify pcrsoiis to become members of this cor- 

poration, they shall be citizens of the United States of 
America, or have declared their intention to become such, 
and they shall be of good moral character. 
ArpKOVED March 15, 1869. 



In force March AN ACT to incorporate the Hibernian Benevolent Society of the city of 
'-^' ^^^^- Bloomington. 

Section 1. Be it enacted by the People erf the State of 
Illinois^ represented in the General Assembly. That John 
corporatore. xi_ Regan, Philip Ryan, Luke Nevin, Michael Martin, and 
Peter McGrain, and their associates, are hereby constituted 
a body c(jrpoi-ate and politic, by the name and style of 
Name and style. " The Hibernian Benevolent Society of the City of Bloom- 
ington," and by that name shall have perpetual succession, 
and shall have power to contract and be contracted with, to 
sue and be sued, to plead and be impleaded, and to do and 
perform all such acts and things as are or may become ne- 
cessary for the furtherance and advancement of the purjDo- 
ses of said corporation, as fully and completely as natural 
persons might or could do. 

Objects of the § 2. The objcct and purpose of said corporation shall 

rpoia 1 n. ^^ ^^ extend relief and aid to its members, in case of sick- 
ness or infirmity, and bury deceased members. 

May hold and § 3. The Said Corporation may receive, take and hold, 
tate!*"^ '^^^ ^" either by gift, purchase, devise, bequest or otherwise, any 
real or personal estate for the use of and for the advance- 
ment of the purposes of said corporation ; and may rent, 
lease, sell, convey or in anywise dispose of the same, ac- 
cording to the by-laws of said corporation : Froviding^ 
such real and personal property shall not exceed, in value, 
twenty-five thousand dollars. 

Officers of the § 4. The officers of said corporation shall be a presi- 

corpoiation. At.' -j ^ ^• ^ . ^t 

dent, vice president, recording secretary, corresponding 
secretary and treasurer, who shall compose a board of trus- 
Eiection. tees, to be elected annually, and by ballot. The said election 

shall take place on the first Thursday in January, in each 
and every year, and, the officers elect shall take theii' places 



BENEVOLENT SOCIETIES — INCORPOEATED. 24:3 

at the first regular meeting; and the persons in the first sec- 
tion of this act mentioned shall compose the first board of 
trustees, and shall continue in. ofiiee until the first Thurs- 
day in January, one thousand eight hundred and seventy, 
and until their successors are elected and qualified ; and in Vacancies, 
case uf any vacancy in either of said otiices, by death, resig- 
nation or otherwise, the board of trustees shall have povrer 
to fill such vacancy until the next annual election ; and it 
shall require a majority of said board to constitute a quo- 
rum for the transaction of business, 

§ 5. To quality persons to become members of the said Membership, 
corporation, they shall be citizens of the United States of 
America (or, at least, have declared their intention to be- 
come such), of good moral character, under the age of fifty 
years, and laboring under no bodily disease calculated to 
shorten life. A resident of Bloomington, having the above 
qualifications, may become a member by the payment of 
such sum as may be prescribed by the by-laws of said cor- 
poration. 

S 6. Said corporation is hereby authorized to establish Tomakpruies 

•J, , 1^1,' III ±- .1 i. and regulations. 

such rules and regulations and bylaws, tor the management 
of their business, as they may deem proper, and repeal and 
alter the same at pleasure. 

§ 7. Thi8 act shall take efiect and be in force from and 
after its passage. 

Approved March 25, 1869. 



AN ACT to incorporate the Hospital of the Sisters of the Poor of the in force March 
Order of St. Mary, of Quinc}'. 4, 1869. 

Section 1. Be it enacted hy the People of the State of 
Illinois, rei^resented in the General AssemUy, That Sister corporators. 
Paula JNeilison, Sister Eusebia Mertius, Sister Elizabeth 
Schneider and Sister Anna Esner, and their associates and 
successors, are hereby created a body politic and corporate, 
by the name of " Hospital of the Sisters of the Poor of the Name and style. 
Order of St. Mary, of Quincy," for the purpose of estab- 
lishing and maintaining a hospital in. the city of Quincy, 
in county of Adams, state of Illinois; and by that name 
they and their successors shall have perpetual succession, 
with power to contract, to sue and be sued, to take and re- 
ceive, by grant, deed and devise, bequest or otherwise, pro- 
perty, real, personal and mixed, and to have, hold and 
enjoy and convey the same ; to make rules and regulations 
and adopt by-laws, for the government and management of 
said hospital, not inconsistent with the laws of this'state and 
of the United States ; and to do all other acts necessary for 



244 



Trustees. 



BENEVOLENT SOCIETIES — INCOEPOKATED. 

the beneficial conducting^ and manaojement of said hos- 
pital. 



constitute the board of trustees of said corporation, with 
power to fill any vacancies that may occur in their own 
When act to body. And this act shall take eflect and be in force from 
and after its passage. 

Approved March 4, 1S69. 



take efl'ect. 



In force March AN ACT to incorporate the Illinois Seamen's Friends' Societv. 

25, 1S69. 

Section 1. Be it enacted hj the People of the tState of 
Illinois^ represented in the General Assemllij^ That D. W. 

Corporators. Whittle, D. L. Moody, J. Y. Farwell, John K Stearns, 
Geo. High, B. F. Jacobs, Chauncy T. JBowen, Rev. Robert 
Patterson, Rev. R. T. Burns, Charles E. Cheney, Orring- 
ton Liint, and such other persons as may hereafter become 
associated with them, shall be and are hereby incorporated a 

Name ami style, body politic, by the name of 'fThe Illinois Seamen's 
Friends' Society," and by that name shall have perpetual 
succession, and power and authority to contract and be 
contracted, with, to sue and be sued, and all the common 
law powers of a corporation necessary or convenient to the 
accomplishment of the objects of sucli corporation. 
May hold and § 2. The Corporation hereby created may acquire, by 

convey real es- ^ , .,.,■'■. , , .•' - i i • r. *' 

tate. purchase, girt, devise or otherwise, and may hold, transfer, 

mortgage and convey real estate and personal property, to 
be held and used for the purpose of furnishing aid and re- 
lief to sailors, and the establishment of a sailors' home, 
with religious privileges and all things appertaining thereto ; 
and said property, real and personal, shall be exempt from 
taxation. 
Board of di- § 3. The aftairs of the societ^^ shall be conducted by a 

datiesf' *^^" board of eleven directors, a majority of whom shall consti- 
tute a quorum, and their duties and manner of election shall 
be prescribed by the b> -laws of said society. 

Meeting. § 4. The Said society shall have ])ower to make, from 

time to time, such by-laws, rules and regulations as shall be 
judged expedient and proper tor the election of officers, 
prescribing the duties and functions of the same, for the 
appointing of times and places of meetings, filling vacancies 
in ofiice, and for the proper management of the aflairs of 
said, society, so as to best accomplish the general objects of 
the same. 
First board of § ^- This corporation shall always remain a benevolent 

directors. r^jj^ religious society, and no portion of its property or 

funds shall ever be used for the benefit or iDrofit of the in- 



BENEVOLENT SOCIETIES — INCOKPOEATED. 245 

corporators, directors or members thereof. The within 
named corporators shall constitute the first board of di- 
rectors. 

§ 7. This act shall take effect and be in force from and 
after its passage, and is hereby declared to be a public act. 

ArPKOYED March 25, 1869. 



AN ACT to incorporate the LaSalle Priests of tlie Congregation of In force Marcli 
Missions. 27,1809. 

Section 1. Be it enacted hi/ the People of the State of 
Illinois, represented in the General Assembly, That Mark corporators. 
Anthony, James Knoud, and Michael Cavenagh, priests, 
of the Roman Catholic faith, and members of the congre- 
gation of the mission, residents of the town of LaSalle, in 
the county of LaSalle, and state of Illinois, and John Hay- 
den, a priest, of the same faith, and visitor of the said con- 
gregation of the mission, their successors, and such other 
priests of the said congregation of the mission as may, from 
time to time, and at all times, be located and residing in the 
said town of LaSalle, be and they are hereby declared and 
constituted a religious and eleemosynary body corporate, by 
the name and style of " The LaSalle Priests of the Congre- Nameand style, 
gation of the Mission," to be located at LaSalle, in the 
county of LaSalle, and state of Illinois ; and, by that name 
and style, shall have perpetual succession ; shall be capa- 
ble, in law, to contract and be contracted with, sue and be 
sued, plead and be impleaded, in all courts of competent 
jurisdiction; may have a common seal, and alter the same 
at pleasure ; and may, by purchase, gift or devise, receive, 
acquire, hold and convey property, real, personal and mixed, 
in all lawful w^ys. 

§ 2, The ofhcers of said corporation shall consist of a Election of 
president, secretary and treasurer. The parish priest ot °^'^®''*- 
St. Patrick's church, in said town of LaSalle, shall be, ex- 
officio, president of said corporation. The president, sec- 
retary and treasurer shall constitute and be called, " The 
Board of Administration ;" and all property, real, personal 
and mixed, now owned and possessed by the priests of the 
said congregation of the mission, in said county of LaSalle, 
shall be vested in said board of administration, and their 
successors in office, for the use and benefit of said corpora- 
tion forever. And the said board of administration, for the Deeds of con- 
time being, shall have power, by the president and secre- ^^^''■'^'^^■ 
tary, under the seal of said corporation, to execute deeds of 
conveyance of and concerning the estate and property 
herein authorized to be held by such corporation ; and such 



246 BENEVOLENT SOCIETIES — INCOKPOKATED. 

deeds of conveyance shall Lave the same efiect as like deeds 
made by natural persons: Provided^ that no deed or con- 
veyance shall be made of any estate, held as aforesaid, so 
as to defeat or destroy the interest or effect of any errant, 
donation or bequest which may be made to such corpora- 
tion ; but all grants, donations and bequests shall be appro- 
priated and used as directed by the person or persons 
n)aking the same. 

§ 3. This act shall take efl'ect and be in force from and 
after its passage. 

Appkoved March 27, 1869. 



In force Jfarch 
31, isr.9. 



AX ACT to incorporate the Newsboys' aud Bootblacks' Home. 



Corporator-- 



'Whereas an association has heretofore been formed, in 
the city of Chicago, Illinois, for the purpose of providing a 
house for the indigent boys, and said association has estab- 
lished an institution called the Newsboys' and Bootblacks' 
Home ; therefore, 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assenihly, That Is. S. 
Bunton, O. S. Hough, Seneca Kimbark, G. S. Skinner, and 
G. K. Hubbard, their associates and successors, are hereby 
declared and created a body corporate and politic, by the 
name and style of " The Board of Directors of the Xews- 
buys' and Bootblacks' Home," and by that nrane (unless, by 
vote of said board of directors, moditied by prefixing to 

Nameaudsiyie. *' iNcwsboys' " the name of some benefactor — in which case, 

by that name so modified) shall have ]ierpetual succession; 

shall be capable, in law, to contract and be contracted with, 

sue and be sued, implead and be in^pleaded, within all 

May loki courts of Competent jurisdiction ; may receive, by gift, pur- 

e"iau;°"^''^ '^''^ chasc, and hold real estate and personal property and 
effects suitable to the carrying out of the objects contem- 
plated in this act; may make such constituti'-n, regulations 
and by-laws as may be requisite for its government, and for 
carrying out the objects contemplated, not contrary to the 
constitution or 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 cre- 
ated until regularly altered or repealed by said board of 
directors; and the present ofiicers of said association shall 
continue to be officers of the corporation here1\y created un- 
til their respective terms of office shall regularly expire or 
be vacated. 



Present 
Rtittition t 
it) force. 



BENEVOLENT SOCIETIES — INCORPORATED. 247 

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

Approved March 31, 1869. 



AN ACT to incorporate the Presbvterian League of Chicasro. In force March 

'29, 1S69. 

Whereas certain persons are desirous of associating Preamble, 
themselves toi^ether, under the above name and style, for 
the purpose of promoting the advancement of evangelical 
religion, in Chicago, by the planting and fostering of Pres- 
byterian churches in the said city and its suburbs ; and, 
whereas, it is desirable that they should be able to hol;i 
funds or real estate as a corporate bod^, that the same may 
be more securely managed and remain in perpetuity; 
therefore, 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assemhlij^ That George corporators. 
Armour, E. S. Wells, Henry W. King, Franklin D. Gray, 
Daniel A. Jones, William Osborne, Benj. V. Page, Albert 
Y. Averill, and Milford D. Buchanan, be and they are 
hereby constituted a body politic and corporate, by the 
name and style of " The Presbyterian League of Chicago," Nameandstyie. 
and by that name shall have perpetual succession, and 
&hall have power to contract and be contracted with, to sue 
and be sued, to plead and be impleaded, and to do or per- 
form all such acts and things as are or may become neces- 
sary for the advancement of the purposes of said incorpo- 
ration, as fully and completely as a natural person might 
or could do. 

§ 2. The officers of the said corporation shall be a pres- officers. 
ident, three vice-presidents, a secretary, a treasurer, aboard 
of managers, an executive committee and a board of trus- 
tees, consisting of nine members. These officers, except 
the trustees, shall be elected and hold office in the manner 
prescribed for in the written constitution of said league. 
The first members of the board of trustees shall consist of 
the persons whose names are recited in this act, and the 
board shall be divided into three equal classes, in the order 
in which their names are recited, as aforesaid: the first 
class to continue in office three years from the first Tues- 
day in April, 1869, the second class for six years, and the 
third class for nine years from the same date. The sue- Term of office, 
cessors of the several classes shall be elected by the board 
of managers, and shall hold office for term of nine years. 
All vacancies in the board of trustees, occurring from the vacancies. 
death or resignation of members, or their removal from the 
city of Chicago, shall be filled by the board of managers : 



248 



BENEVOLENT SOCIETIES — INCORPOfiATBD. 



convey real e 
tate, 



Provided, however, that no person shall be elected a trus- 
tee who has not been previously nominated at a regular 
meeting of the board of managers : And^ provided, aUo, 
that members of the board of trustees, whose terra of office 
has expired, may continue to act until their successors shall 
liave been chosen. The officers aforesaid shall give such 
bonds or securities, for the faithful performance of the 
duties uf their respective offices, as the board of managers 
shall require, for the purposes recited in the preamble to 
this act. 
May hold an;i ^ 3. The Said corporation, through its trustees, may 
and shall have power to receive, take and hold, as well by 
gift, purchase, deed, devise or bequest, or otherwise, any real 
estate, not exceeding in value seven hundred and fifty 
thousand dollars, or personal estate, for the exclusive uses 
and purposes herein contemplated, whether the same be 
purchased by or deeded to or given, devised, bequeathed 
or conveyed direct!^ to said corporation or to its trustees, 
or otherwise, for the use of said corporation. 

§ 4. The said corporation shall have power to make 
by-laws, rules and regulations, not inconsistent with this 
act, for donating or loaning any of the funds belonging to 
said corporation, for the purposes named above only ; and, 
in the latter case, may demand and receive such securities 
as may be agreed upon to secure the due return of any 
loan so made by the said corporation. 

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

Approved March 29, 1S69. 



Loan fimdr-. 



In force March AN ACT to incorporate the Sclileswig-Holsteic Mutual Aid Societ}-. 
10, 1^69. 

Section 1. Be it enacted hy the People of the State of 
lUinois, represented in tlie General Assenihly, That Frede- 

corporators. rick Karstens, Peter Sachan, Henrich Renrichs, Peter 
Chansen, Theodore Botefuho, Ilenrich Kieno, Julius Peters, 
Chr. Voss, Johan Koih, and all other persons who are now 
members of a certain association, lately formed in the city 
of Chicago, county of Cook and state of Illinois, »under the 
name of the Schleswig-Kolstein Mutual Aid Society, for 
the purpose of promoting the social and mental culture of 
its members, and of practicing a system of kindness and 
charity towards each other by aiding their members, in 
sickness and distress, and by providing for the decent 
bui'ial of their dead, be and they are hereby created a body 

Name and style, politic and Corporate, under the name and style of " The 
Schleswig-IIolstein Mutual Aid Society," and by that name 



BENEVOLENT SOCIETIES — INCORPOKATED. 



249 



they and all snch persons as shall hereafter be admitted 
meuibers thereof, accordiDg to the constitution, rules and 
regulations of said society,' shall have perpetual succession, 
with 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: and be capable, in law, of taking jf^''J'°*^ °^ 
and holding, by purchase, grants, gifts, devise and other- '^"^ a soc . 
wise, real and personal property, for the use of said society, 
to any amount not exceeding in value ten thousand dollars; 
and the said society, by their said name and style, and for 
the use thereof, shall liavo power to sell and convey the 
real and personal estate of said society, and to loan the 
money thereof, and to take promissory notes, bonds, mort- 
gages and other evidences of indebtedness, to secure the 
same ; 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 and expedient, a constitution and 
by-laws for said society, declaring the time of electing the Election of 
officers of the said society and the manner thereof, the ° '^"" 
number and duties of such officers, and containing gener- 
ally such other provisions, for the good government of said 
society, as to them may seem proper, not inconsistent with 
the laws of the land. Nothing in this act shall be construed 
to invest said society with the power to do a banking busi- 
ness, by receiving deposits or making discounts, or with 
any banking power or privileges. 

I 2, • The constitution, by-laws and proceedings of said Books of record, 
society shall be entered, by the proper secretary of the 
said society, in a book kept for that purpose ; and such 
bouk shall, on all proper occasions, be open to inspection 
and examination of any member of the society, and shall 
be evidence of the matters therein contained in all courts 
of law and equity. 

§ 3. The ofSce and meetings of said society shall be office, etc. 
held in the city of Chicago ; and at all elections each mem- 
ber, who is not in arrears with his dues to the society, 
shall be entitled to vote, and a majority of all votes cast 
shall make an election. 

§ 4. The said society may, from time to time, deter- Assessments, 
mine what amount of annual' and other contributions shall i^owmade. 
be assessed upon and be paid by its members ; and, on 
the failure of a member promptly to pay such assessments, 
made in the manner pointed out by the constitution, by- 
laws and regulations of said society, when so called for, 
such member may be proceeded against by suit, in the 
name of the society ; and, in addition, the membership of 
such delinquent member may be declared forfeited, at the 
pleasure of the society. 

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

Appkoved March 10, 1869. 
—32 



250 BENEVOLENT SOCIETIES — INCOKPOEATED. 

In force March AN ACT to incorporate the Sisters of Loretto, of Cliicago, state of Illinois. 
29, ist;». 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Mary 

corporatore. Ferdinand McSweeney, Jane Frances O'Brien, Mary 
Emineldes Courtney, Mary AloyBius Spaldini^, Mary 
• Patricia Hardy, Mary Agiies Daley, Mary Magdalene 
Gilligan, and Mary Joseph Atkin, and their successors, ap- 
pointed in accordance with the rules and constitutions of 
the Sisters of Loretto of Chicago, state of Illinois, bo and 
the same are hereby constituted and established a body cor- 
porate and politic, with perpetual euccession, by the name 

Name and style, and style of " Sistcrs of Loretto of Chicago, State of Illi- 
nois,'' and by this name shall be competent to contract and be 
contracted with, in all matters relating to ;their association ; 
shall have a common seal, the device of which they may 
form and change at their pleasure ; shall be capable of su- 
ing and being sued, of pleading and being impleaded, of 
answering and being answered unto, in all courts of law 
in this state or the United States, with full power and au- 
thority to acquire, possess, hold, use and enjoy, by gift, 
grant, devise, purchase or otherwise, real estate and per- 
May purchase, 8onal property, and shall have power to sell, convey, mort- 

hold and conyey ^ i^t "^ /• ,> • .i ^^ 

real estate. g^g^ ^ud dispose ot the Same m any manner the said cor- 
poration or their successors, ap])ointed as aforesaid, shall 
deem best, for the interest of the corporation and the fur- 
therance of the educational purposes for which this corpo- 
By-iaw8, rales ration is created. The said corporation and their successors 

andresuiatious. g|^^|| ^^^^ f^^ll powcr and authority to make, ordain,^ estab- 
lish and put in force such by-laws, rules and regulations as 
they may deem proper, for the conduct of schools under 
their care and control, and the efficient government of their 
own board and the officers appointed thereby : Provided^ 
such by-laws be not contrary to the laws and constitutions 
of this state and the United States. 

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



In force March AN ACT to incorporate tbe Swedish Immigrant Aesociation of Chicago. 

Section 1, Be it enacted hy the People of the State of 
Illinois^ represented in the General Assernhly, That P. F. 
Corporators. Fristcdt, J. P. Hogbcrg, C. J. Steinquist, Carl iNordell, J. 
W. Marelius, N. Eerglund, P. Kohdin, E. Marelius, W. 
Linsdstrand, Charles Wilson, Hans P. Gryden, and Fred- 
erick Peterson., and such other persons as shall, from time 



BENEVOLENT SOCIETIES — INCOKPOEATED. 251 

to time, become members of the corporation hereby created, 
are hereby made, constituted, and created a body politic and 
coporate, v/ith perpetual succession, under and by the name 
and style of 'The Swedish Immigrant Association of Chi- Name and style, 
cage," and by that name and style they and their succes- 
sors shall be capable, in law, of contracting and being con- 
tracted with, of suing and of being sued, of defending and 
of Ijeing defended, in all courts and places and in all mat- 
ters wliatsoever, with full power to acquire, hold, occupy, 
enjoy and conyey all real and personal estate, not exceed- 
ing in value the sum of ten thousand dollars. The said cor- 
poration may adopt a common seal, and the same may alter, 
break and renew at pleasure ; and the said corporation may Kuies, by-laws 
adopt a constitution, rules, by-laws and regulations, not *° i^gaa ons. 
repugnant to the constitution of the United States or of 
this state, to carry on the business of said corporation^all 
in such manner as shall, from time to time, appear to the 
members of said corporation to be necessary or convenient 
for the transaction of its business, 

§ 2. It shall be the object and purpose of this corpora- objects of the 
tion to encourage, further and facilitate immigration from '=°''p°'''^*^°°- 
Europe to the United States, to protect immigrants from 
imposition, upon landing in the United States, and to aid 
and assist them in securing employment and new homes in 
this country. 

§ 8. The capital stock of said corporation shall be ten -'^^^^'^jo^jj °^ 
thousand dollars, to be divided into one hundred shares of ^^"^^ ^ 
one hundred dollars each ; and said corporation may pro- 
ceed to organize, and to carry out the objects of this incor- 
poration, whenever the sum of twenty -five hundred dollars 
shall have been subscribed of the capital stock thereof, 

§ 4, The office of the corporation hereby created shall jiocation of 
be in the city of Chicago ; and from and after its organiza- "'""'" 
tion it shall have power to elect ofiicers, agents and ser- 
vants, who shall hold their offices for such length of time, 
and their duties discharge in such manner as shall, from 
time to time, be established by the constitution, by-laws, 
rules or regulations of said corporation. And this act shall 
take effect and be in force from and after its passage. 
Approved March 31, 1869. 



AN ACT to incorporate the Uhlich Evangelical Lutheran Orphan Aeylum. In force March 

Sectiun 1, Be it enacted ly the People of the State of 
Illinois, represented in the General AssemUy, That Joseph corporators. 
Hartmann, Louis Haas, Herman Bergfeld, John K. Har- 
mon, John Henry Muhlke, Frederick Letz, John L. Dietz, 



office. 



When act to 
take effect. 



252 



BES'EVOLENT SOCIETIES — INCORPORATED. 



John II. Barfcele, and Ernst ULlicb, and their f-uccessors in 
office, be and they are hereby constituted a body corporate 

Name and style, and politic, undcr the name and style of "The IJhlich 

Jivangelical Lutheran Orphan Asylum," and by sueli name 

and style shall have perpetual succession, witli pbwer to sue 

May hold and and be sued, implead and bo impleaded ; and shall be capa- 

conveyrcHi es- j^j^^ j^^ j.^^^ of takin^r and holding, by gift, grant, devise or 
otlierwise, any property, real, personal or mixed, and ol 
purchasing, holding, leasing and conveying the same; and 
shall have power to execute all such trusts as may be con- 
tided to said corporation, and ta take, hold, use, manage 
and dispose of all trust property which may in any manner 
come to said corporation, charged with any trusts, in con- 
formity therewith; to have and use a common seal, and 
change the same at pleasure; to make such by-laws as from 
^ time to time may be deemed necessary, for the government 
and regulation of said orphan asylum, its trustees, servants, 
inmates and concerns, and the same change at pleasure : 
Provided^ the same are not inconsistent with the constitu- 
tion and laws of this state. 
Aims andoij- § 2. Said Constitution shall luive power to establish and 

Son?*'''^''°" maintain, within the limits of the city of Chicago, an orphan 
asylum, under the name of the Ulilich Evangelical Luther- 
an Orphan Asylum of Chicago, for the snj^port and edu- 
cation, lirst, of orphans of the Evangelical Lutheran church 
of Chicago, of which the Rev. Joseph Ilartmann is now 
pastor; second, orphans of members of such Evangelical 
Lutheran churches of Chicago as said corporators or their 
successors may see tit to admit to the benelit of such insti- 
tution. All orphans admitted to said institution shall be 
subject to the rules and regulations of the corporation or 
trustees of said asylum, from time to time enacted, for the 
government and discipline thereof, and may be instructed in 
morality and in such branches of education, useful know- 
ledge and industry as shall be deemed best suited to their 
age and capacity. 

Duty of trustees § 3. The board of trustees of said corporation shall be 
the legal guardians of all children that, by the provisions of 
this act, shall be surrendered to the said corporation, and 
the}^ '^'^Yj in their discretion, indenture such children to an 
honorable trade or employment ; but in all cases provision 
shall be made, in the indenture by which such children are 
bound to service, for securing an education proper and fit- 
ting for the condition and circumstances in life of such chil- 
dren. 

of?hiiSen°'^'^ .§ ^' . I" case of the death or legal incapacity of the t\\ther 
of a child or children, entitled as aforesaid to admission to 
said asylum, the mother shall be considered his or their legal 
guardian, for the purpose of making a surrender of them to 
the charge and custody of said corporation; and in all cases 
where the person or persons legally authorized to act as the 



BENEVOLENT SOOIETIES INCORPORATED. 253 

guardian of any child or children, entitled to admission as 
aforesaid, are not known, and where both parents are dead, 
the judge of the county court of Cook county may, at iiis 
discretion, surrender such child to said corporation, 

§ 5. The above named corporators shall be the iirst First board of 
board of trustees of said asylum, and, by lot, shall be divided t™»*ee8. 
into three classes, eacli class to be composed of three trusj 
tees — the first class and their successors to hold their office 
for one year, the second for two years, and the third for 
three years, from the iirst Tuesday of Jul}^ next. The said 
trustees of said corporation, hereafter to be chosen, shall be 
elected by the members of the Evangelical Lutheran Church 
of Chicago, of wliich the Rev. Joseph Hartmann is now 
pastor, whose house of worship is located on the corner of 
LaSalle and Ohio streets, in the city of Chicago, and organ- 
ized under the name of the "First United Evangelical Lu- 
theran Congregation;" and no change of pastor, name or 
location of said church shall abrogate sucli right of election. 
A meeting of the members of such church shall be held, vacajicies, how 
annually, on the second Tuesday of July, of each year, for ^^''^*^- 
the election of trustees whose place is made vacant by limi- 
tation, death or otherwise; at which meeting an account 
of the financial affairs of said corporation shall be rendered, 
by said trustees, to said church; and at such meeting said 
board of trustees shall nominate, from the members of said 
church, twice the number of trustees to be elected ; and 
from the persons so nominated the members of said church 
present shall elect, by ballot, the trustees so to be chosen. 
All of said trustees shall hold their office until their succes- 
sors are chosen and qualified. Li case of a vacancy in said 
board of trustees, at any time, by death or otherwise, the 
remaining trustees shall choose a qualified person or per- 
sons to fill such vacancy, who shall hold such office until 
the next annual election ; but no trustee shall be allowed to 
receive, from the property Of funds of said corporation, any 
compensation for his services as such trustee. 

§ 6. Said board of trustees may appoint, elect, and at Appoiutmeutoi 
pleasure remove such teachers, officers, agents and servants " '^^^^' 
as to them may seem meet, and shall have, possess and ex- 
ercise all needed and convenient power for the furtherance 
of the objects of this corporation. 

§ 7. All property, while owned by said corporation, fur Exempt from 
the support, use and maintenance of said asylum, shall be **^*^^°°- 
exempt from taxation. 

§ S, _ This act is declared to be a public act, and is to 
take effect from and after its passase. 

Approved March 10, 1869. 



254 UENEVOLENT SOCIETfES — NEW PRIVILEOKS. 

BENEVOLENT SOCIETIES -NEW PRIVI- 
LEGES. 



Jii force March AN ACT to iimend an act entitled "An act to incorporate the Board of 
'A"), isct. pf Directors of the Foreign and Domestic Missionary Society of tlie 

Cumberland Presbyterian Church of the United States." 

Section 1. Be it enacted hy the People of the State of 
Illinois, rejyresented in the General Assembly^ That section 
Act amcniied. sevGii of an act entitled "An act to incorporate the Board 
of Directors of the Foreign and Domestic Missionary So- 
ciety of the Cumberland Presbyterian Church of the 
United States," approved February IGth, 1S65, be and the 
same is hereby amended, by striking out all in said section 
after the word "mixed," in the fourth line of said section, 
so that said section, after being so amended, will read as fol- 
MayhoM and lows, viz I "Scctiou 7. The board hereby Created shall have 
ui.r^ '■^^^ ^*' power to purchase and hold, or receive by gift, grant or de- 
vise, and hold for the interest of the corporation, any prop- 
erty, real, personal or mixed : Provided, that no real es- 
tate which may become the property of this corporation, 
except such as may be reasonably necessary for the trans- 
action of its business, shall be lield by said corporation for 
a longer period than may be reasonably necessary to enable 
said corporation to sell or dispose of the same to advantage." 

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

Approved March 25, 1869. 



In '""»"C"j -I'arth AN ACT for the benefit of the Chicago Erring Women's Kefage for Be- 
'^^' ^''''^- form, and the House of tlie Good Shepherd, of Chicago. 

Section 1. Be it enacted by the Peoiyle of the State of 

Illinois, r(])rcsented in the General Assemhty^ That all the 

of^flneT'S ^DGS collcctcd by the city of Chicago from the keepers, in- 

diepoeod'of. mates and visitors of houses of prostitution, and from any 

person in any way connected therewith, shall be set aside 

by said city of Chicago for the sole use and benefit of the 

Chicago Erring Women's Eefuge for Keform, and the 

House of the Good Shepherd, in said city, and shall be 

equally di\ided between said two institutions. 

TraueiY-r funds. g 2. The board of trustecs of said Erring Women's 

Kefuge, and the superior and assistant of said House of the 

Good Shepherd, shall have power to draw, monthly, upon 



BENEVOLENT SOCIETIES — NEW I'RITILEOES. 255 

said fund, bjjtheir respective checks — that of the former to 
be drawn by the president, and countersigned by the secre- 
tary, and tliat of the latter to be drawn by the superior, and 
countersigned by the assistant superior ; said checks to be ' 

drawn upon the treasurer or other custodian having said 
moneys in control or possession, 

§ 3. Each of the aforesaid institutions shall render an Report to city 
annual account of the expenditures and receipts to the com- ^onnciL 
mon council of said city. 

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

Approved March 31, 1869. 



AN ACT to amend an act entitled "An act incorporate the Chicago Homo lu force June 
for the Friendless." 19- 1*^*^"- 

Section 1. Be it enacted hy the People of the State of 
Illinois, rejyresented in the General Assembly, That the ^'^^ aTaen(ie(i. 
fifth section of the said act to which this act is an amend- 
ment be and the same hereby is so amended, that, in ad- 
dition to the powers therein and thereby given and granted 
to said corporation, to take and hold real estate and per- May hod and 
sonal property, the said corporation may receive, take and tX!'^^ "^^^^ ^^' 
hold, either by purchase, gift, devise, bequest or otherwise, 
any real or personal estate, in trust or otherwise, for any 
use or purpose for w^hich the same may be purchased, given, 
granted, bequeathed, devised, acquired or conveyed : Pro- 
vided, that the same shall be for benevolent, charitable, 
educational or religious purposes ; and all such real and 
personal property shall be at all times exempt from tax- 
ation. And the said corporation is hereby vested with full 
power and authorit3^ to execute, carry out and manage any 
trust, condition, power or authority connected with or ap- 
pendant or appurtenant to any such grant, bequest, devise 
or acquisition of any such real or personal estate. 

§ 2. That, in addition to the power and authority, con- Execute mort- 
tained in said fifth section, to alien or lease, the said corpo- SnnisT*^ ^^^^^ 
ration is hereby authorized and empowered to make, ex- 
ecute and deliver mortgages, or deeds of trust in the na- 
ture of mortgages, upon the property held by it, in the 
same manner and way as it is therein authorized to alien 
and lease the same for a longer term than two years. 

Approved March 24, 1869. 



25G BENEVOLENT SOCIETIES — NEW I'KIVILEGES 



Id force March AN ACT supplemontal to an act entitled "An act to incorporate tlie 
27, lSt;9. Hibernian Benevolent Society of Chicago." 

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

Illinois^ represented in the General Assembly, That anv 

objecisof the ticket or olher device, issued by and in tho name of the 

corporanon. i[ii,eniian Benevolent Society of Chica_2;o, the possession 
of wliich, upon presentation, will admit the holder to the 
privileges of any banquet, ball, excursion or picnic, gotten 
np under the auspices of said society, shall be decnied and 
id hereby declared to be property to the full value of such 
amount as any such ticket or other device shall show, on its 
face, as the pi ice of admission to any banquet, ball, excur- 
sion or picnic, gotten up as aforesaid. 

Miscouduet. g 2. Any pcrsou, intrusted by any officer or member of 

said society with the sale of tickets of admission to any 
banquet, ball, excursion or picnic, gotten up as aforesaid, 
who shall fail to make proper return of the proceeds ot the 
sale of the same, in lawful money, and the return of so 
many of such tickets as may remain unsold, to the proper 
officer of said society, may, at the option of said society, 
be sued before any.court of competent jurisdiction, and said 
court shall render judgment in favor of said socie'-y for such 
amount as the aggregate number of tickets, proven to the 
satisfaction of the court to be unaccounted tor by any such 
person, would realize if each of said tickets was sold for 
the price of admission, as aforesaid, as shown on the face 
of said ticket. 

§ 3. This act shall be deemed a public act, and shall 
be in force from and after tho passage and apjiroval thereof. 
Appeoved March 27, 1869, 



la force March AN ACT to amend au act entitled "An act to incorporate the Springfield 
30. isco. Home for the Friendless." 

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

Illinois, represented in the General Assembly, That if any 

Misdemeanor, pei'sou shall cutcr tlic dwelling house or inclosed grounds 

fine and penalty ^rouud the Same, after having 'been requested not "to do so 
by any officer, manager or cmployco of the institution, or 
shall remain in said house or grounds after a request, made 
by any of the persons aforesaid, to depart, the party so 
offending, in either case, shall be deemed guilty of .a mis- 
demeanor, and on conviction shall be fined in a sum not 
exceeding twenty-live dollars. 

Kidnapping. | 2. If any person or persons shall kidnap or entice 

away from the home any child, in the care and custody 



BKEWEEIE8. 257 

of the corporation according to its charter, or if any person 
shall advise or encourage another to do so, the person or 
persons so ofiending, in either case, shall be deemed guilty 
of a misdemeanor, and on conviction shall severally be fined 
in a sum not exceeding one hundred dollars. 

§ 3. The justices of the peace of Sangamon county, jurisdiction of 
and the police magistrates of the city of Springfield, shall "magistrates, 
severally have jurisdiction of the ofienses aforesaid. In 
case of conviction, it may be made a part of the judgment 
that the offender be committed to the county jail until the 
fine and costs be paid. The fine, when collected, shall be Fines, etc. 
paid into the treasury of the home aforesaid, as part of the 
common fund for support of the children. 

§ 4. This act shall take efl'ect and be in force from 
the date of its passage. 

Approved March 30, 1869. 



BREWERIES. 



AN ACT to incorporate Dick and Brothers' Quincy Brewery Company. In force March 

Section 1. Be it enacted hy the Teople of the State of 
Illinois^ represented in the General Ansemhly, That Mat- Corijorators. 
thew Dick, John Dick, Jacob Dick, and their associates 
and successors, and all 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 "Dick & Name and siyie. 
Brothers' Quincy Brewery Company," and by that name 
they and their successors shall be known and have succes- 
sion ; may sue and be sued, plead and be impleaded, de- 
fend and be defended, in all courts of law and equity, and 
may have and use a common seal, and alter the same at 
pleasure. 

§ 2. The capital' stock of said company shall be two Amount capital 
hundred and fifty thousand dollars, with power to increase '*"*• 
the same to one million dollars, to be subscribed and paid 
for in manner hereinafter mentioned, which said capital 
shall be divided into shares of one thousand dollars each ; 
and 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. 

§ 3. The object of said company is, and it is hereby May hold and 
empowered to purchase, acquire and incorporate the brew- tatl?^ ^^'"^ ^^ 
—33 



258 BREWEEIES. 

ery established and now owned by the said Matthew 
Dick, John Dick and Jacob Dick, copartners under the 
firm name and style of " Dick t^ Brothers," in the city of 
Quincy, county of Adams, and state of Illinois ; and, also, 
to acquire, purchase, manufacture, sell and deal in malt, 
hops, beer, ale, wines, spirituous, fermented and distilled 
liquors. 
May borrow § 4. It shall be lawful for the said company to acquire, 

Sterest"" ^^^ purchase and hold, or sell and dispose of such real estate 
as may be reasonably necessary for the transaction of its 
business, and also to bf)rrow money and pay interest there- 
on, and to make and execute bonds, bills, mortgages and 
other securities and evidences of indebtedness as may be 
necessary for the carrying on of the business mentioned in 
section three of this act, and may also take security from 
its customers and others upon real or personal property or 
chattel interests for current accounts, including accruing 
and future indebtedness, and also to bid in or purchase any 
real estate or other property or chattel interest at any ju- 
dicial or other sale made !)y virtue of any debt, security, 
trust or power, made or vested in or held by or for the said 
company, and to receive and take in satisfaction of any 
debt or security, any real estate, and to hold and dispose of 
the same for its own use and benefir. 
Board of di- § 5. The affairs of said company sit all be managed by 

rectors. ^^ boiird of directors of at least three, all of whom shall be 

stockholders in the said company to the extent of five 
thousand dollars each, at the least. They shall hold their 
othce for one year and until their successors shall be elect- 
ed and qualified ; and an election of directors shall be held 
by the stockholders when and so goon as one hundred 
thousand dollars of the capital stock shall have been sub- 
scribed and five per cent, paid thereon ; and the said three 
named corporators, or any three corporators, shall be com- 
missioners to open books for subscription to the capital 
stock, which shall be done within two years from and after 
the passage of this act, and the money or property or estate, 
real, personal or mixed, so received by the commissioners, 
shall be paid over, conveyed or transferred to the directors 
when elected. 

Auuuai eiec-tion § 6. Tlic directors shall, annually, elect a president from 
/ their own body ; they shall have the power, from time to 

time, in their discretion, to make, pass, alter, establish, re- 
scind and re-establish such rules, regulations and by-laws 
for the government of said company and the management 
of its affairs and business, and for the appointment of a 
''secretary, treasurer, and all such agents or attorneys as 
they may deem necessary and proper, and may prescribe 
their duties, fix tbeir renumeration, require bonds, and do 
all other acts which may be deemed expedient to promote 
the interests of paid company, not inconsistent with the 



BEEWEElES. 259 

laws of this state or of the United States ; but no by-laws 
of the said company shall be passed without the consent of 
a majority of the directors, and all the acts of the duly ap- Acts binding. 
pointed officers and agents of said company, done and per- 
formed under authority of its by-laws, rules and regulations, 
shall be binding upon the said company. The bond from the 
treasurer shall not be less than twenty thousand dollars. 

§ 7. The election of directors of the said company shall Jgfg^^jj'Jj^P^''"^^ 
be held annually, on the first Monday after the second day 
of January, in every year, at such place as the board of di- 
rectors may appoint. Such election shall be by ballot. 
Every stockholder shall be entitled to one vote for every 
share of capital stock standing in his or their name, on the 
books of said company, and may vote in person or by proxy. 

§ S. The directors shall havo power to call for the bal- lustaiiraents. 
auce due on the subscription of the stock of the companj' 
at such times and in such installments as they may deem 
proper, and in the event of the nonpayment of any call 
within sixty days after due notice (which may be by letter 
mailed to his or her address as it appears upon the stock- 
books of said company) it shall be Jawfal for the directors, 
at their option, to enforce such payment or to sell fairly, by 
public auction, the amount of stock standing in the name of 
such nonpaying stockholder to any person or persons, or to Non-payment 
buy in the same for the benefit of said company, and the °^^tock forfeit- 
proceeds of such sale shall be paid over to such nonpaying 
stockholders, who sliall. upon such sale, cease to be a stock- 
holder in said company ; and the purchaser or ]>urchasers 
of such shares of stock shall have and enjoy all the rights,, 
privileges, dividends and profits, accruing or accrued to, or 
in respect of the said shares of stock, and become liable for 
the payment of all calls then due or hereafter made on 
said shares of stock. 

c § 9. It shall be lawful for the directors of said com- Dividends, how 
pany, from time to time, to make and declare and pay di- ciSed!^''^'' ^^" 
videuds upon the capital stock of said company, in such 
manner and in sueh amounts as they may deem most expe- 
dient for the interests of the said company. 

§ 10. Said company shall keep in the office of its sec- Dutyofsecre- 
retary proper bnoks, in which shall be kept a full and cor- *^'"y- 
rect record of the names and postoffice addresses of the 
stockholders, to be furnished by them, and of the amount 
of stock held by each and of ail transactions thereof; also 

record of the proceedings of the stockholders of said com- 
pany, and of the proceedings of its board of directors and 
of its by-laws, rules and regulations, and of its business 
transactions, which books shall be subject to inspection at ' 
all reasonable times during business hours, by any stock- 
holder or creditor of said company, 

§ 11. The said company hereby created shall exist for Duration of 
the term of ninety-nine years. The stock, property and corporation. 



260 iJREWERlES. 

effects thereof shall be subject to execution auil sale for all 
debt8 due or owing by said company ; but in no case shall 
any stockholder be personally liable beyond tlie amount of 
his subscription to the stock. 

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

Approved March 25, 1869. 



]n force March AN ACT to incorpor.ate tlie Nortinvestern Brewery Company. 

25,1869. J f . 

Section 1, Be it auicted by the Pedple of the State of 
Illinois^ rep^'esented in the General Assemhli/, That Julius 

Corporators. Roemhcld, A. Lobcck and A. F. Stevenson, and tlieir as- 
sociates and successors, and all such persons as shall become 
stockholders in the company hereby created, shall be a 

NameandBtyie, body politic and corporate by the name and style of " The 
Northwestern Brewery Company," with all the powers in- 
cident, necessary and useful to corporations; and as such, 
are authorized to exercise all the powers requisite to carry 
out and execute all the purposes and intents of this act ; 
shall have perpetual succession, and a common seal, which 
they may change at pleasure ; and sue and be sued, and 
plead and be impleaded, in all courts of law and equity. 

B^ibEclip^iou!'^'^'^ § ^- -'^ majority of the corporators hereby named may 
proceed to open books for subscription to the capital stock 
of said corporation, and shall, at the same time or thereaf- 
ter, designate a time and place for the first election of offi- 
cers of said corporation, by persons eubscribing to the 
capital stock thereof; and each share of the capital stock 
subscribed for shall be entitled to one vote. 
Amoimt capi- § 3. The Capital stock of said corporation shall be 

ta Block. nj.j.^ thousand dollars, and may be increased, from time to 

time, to one million dollars, to be subscribed and paid for 
in the manner prescribed by the by-laws ; and shall be di- 
vided into shares of one hundred dollars each ; which shall 
be deemed personal property, and shall be ' transferred on 
the books of said corporation in such manner as its by-laws 
may prescribe. 
Objects or the § 4. The object of the said corporation is hereby de- 

corporation. clared to be to' acquire, purchase, manufacture, sell and 
deal in malt, hops, beer, ale, porter, wines, spirituous, fer- 
mented and distilled liquors. 
Purchaschoid § 5. It sluill be lawful for the said corporation to ac- 

Se!"^^^ '^"' quire, purchase and hold, or sell, convey and dispose of 
such real estate as may be necessary for the transaction of 
its business ; and also to borrow money and to pay interest 
thereon ; and to make, execute bonds, bills, notes and 



BREWERIES. 261 

mortgages, and other securities and evidences of indebted- 
ness, as may be necessary for the carrying on of the busi- 
ness mentioned heretofore ; and may also take security security on real 
from its customers and others upon real or personal pro- 
perty or chattel interests, for current accounts, including 
accruing and future indebtedness ; and also to bid in or 
purchase any real estate or other property, or chattel inte- 
rests, at any judicial or other sale made by virtue of any 
debt, security, trust or power made to or vested in, or held 
by or for the said company ; and to receive and take, in 
satisfaction of any debt or security, any real estate, and to 
hold and dispose of the same for its own use and beneiit. 
Nothing in this act shall be construed to invest said corpo- 
ration with any banking power or with power to loan 
money, or in any way to do a banking business. 

§ G. The affairs of the corporation shall be managed by Board of di- 
a board of not less than three directors, who shall be elect- wheu^eiected!'^ 
ed at such time and place as may be prescribed by the by- 
laws ; and shall hold their office for one year, and until 
their successors are elected and qualified. 

§ 7. The directors shall, annually, elect a president and Powers. 
other officers, as may be desirable, irom their own body. 
They shall also have the power, from time to time, in their 
discretion, to make, pass, alter, establish, rescind, revoke, 
repeal and re-establish, by and with the consent of a major- 
ity of all the directors elected, however, only, such rules, 
regulations and by-laws for the government of the said new 
corporation and the management of its affairs and busi- 
ness, and for the appointment of a secretary, treasurer and- 
all such agents, servants, attorneys as they may deem ne- 
cessary and p)i'oper, and may prescribe their duties, fix compensation 
their remuneration, require bonds, and to [do] all other acts &nd duties of 
which may be deemed expedient to promote the interests ° 
of said company, not inconsistent witii the laws of this state 
or of the United States. All the acts of the duly appointed 
officers aui agents of said company done and performed 
under authority of its by-laws, rules and regulations, shall 
be binding upon the said company. 

§ S. In case of a vacancy occurring, by death, resigna- vacancies how 
tion or otherwise, in the number of directors, the remain- ^'^^''• 
ing directors shall, at their next regular or special meeting, 
designate a person from among the other stockholders to be 
elected a director to supply such vacancy ; and the person 
so designated and chosen by a majority of all the directors 
shall, if he accepts and qualifies, thenceforth act as di- 
rector until a successor is duly elected at the annual election 
next following, and has duly qualified. 

^ § 9. The said director shall have power, from time to Assessments. 
time, and at such times and in such amounts as they may 
deem proper and expedient, to make assessments on the 
stockholders of said corporation, and to call for the pay- 



262 



BREWERIES. 



meut of installments of the capital stock and balances due, 
and subscriptions for the same ; and a written notification 
of each and every such call shall be posted up in a con- 
spicuous place in the office of said company ; and each 
stockholder shall also be notified thereof by a letter ad- 
dressed and mailed to his, her or their address, as the same 

stock forfeited, shall appear upon the stock books of said company. And 
in the event of the non-payment of any such assessment or 
call hereinabove provided for, it shall be lawful for the di- 
rectors, at their option, either to enforce the payment of the 
amount so due and payable by legal proceedings, or to sell 
fairly at public auction, for cash, to the highest and best 
bidder therefor, the amount of stock standing in the name 
of such delinquent stockholder, or to buy in the same for 
Sale of deiin- the benefit of said company; and the proceeds of such sale 

qiien s oc . Q\y^]i j^g pr^j^ Qy^y. |-Q g^^gjj delinquent stockholder, who shall, 
upon such sale, cease to be a stockholder in the said com- 
])any, and whose share or shares shall, upon the books of 
the company, be transferred, by the secretary thereof, to 
such purchaser or purchasers of said forteited stock or 
shares ; which latter shall thenceforth have and enjoy ail 
the rights, privileges, dividends and profits accruing and 
to accrue, to or in respect to or in respect of said shares of 
stock so purchased, and become liable for the payment of 
all calls and installments then due and thereafter to become 
due and payable on said shares of stock. 

Divideudp. § 10. It shall be lawful for the directors of said com- 

pany, from time to time, to make, declare and pay divi- 
dends upon the cai)ital stuck of said company, in such 
manner and such amounts as they may deem most expedi- 
ent for the interests of said company. 

Kccordkopt, § 11. Said compauy shall keep, in the ofiice of the eec- 
retary, proper books in which shall be kept a full and cor- 
rect record of the luimes and j)ust ofiice addresses of the 
stockholders, to be furnished by them, and of the amount 
of stock held by each, and of all transfers thereof, and no 
transfer of any shares of capital stock shall be of any 
validity until the parties shall have caused the same to be 
entered by the secretary upon the books of the company ; 
also, a record of the proceedings of the stockholders, and of 
the board of directors, and of the by-laws, rules and regu- 
lations and business transaction^- of said company ; which 
books shall be subject to inspection, at all reasonable times 
during business hours, by any slockholder or creditor of 
said company. 

§ 12. This act shall be a public act, and liberally con- 
strued, and take effect and be in force from and after its 
passage. 

Approved March 25, 1S69. 



BREWERIES. 2G3 



AN ACT to incorporate the Riveroide Brewery Oonipany. in force March 

•26, im'j. 

Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assembly^ That Simon coipoiatoif. 
Powell, Joseph Haas, Isaac Waixel, Julius Jackson and 
Simon Haas and their associates and successors, 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 Riverside Brewery Company,'' Name aud si vie. 
and by that name they and their successors shall be known 
and have succession, may sue and be sued, plead and be 
impleaded, defend and be defended, in all courts of law and 
equity, and may have and use a common seal, and alter the 
same at pleasure. 

§ 2. The capital stock of said company shall 1)0 two .Amoiuitorc'.p- 
hundred thousand dollars, with power to increase the same 
to live hundred thousand dollars, to be subscribed and paid 
for in manner hereinafter mentioned ; which said capital 
shall be divided into shares of one hundred dollars each, 
and shall be deemed personal property, and shall be trans- 
ferable on the books of said company in such manner as 
its by-laws shall prescribe. 

§ o. The obiect of said company is and it is hereby em- Objects of the 

1 . 1 i- 11 1 1 1 • "^ 1, con)oi-atiou. 

powered to purchase, manutaciure, sell and deal m malt, 
hops, beer, ale, wines, spirituous, fermented and distilled 
liquors. 

§ 4:. It shall be lawful for the said company to acipiire, ^lay parchase 
purchase and hold or sell aud dispose of such real estate as estate!"^*'^ ^'^^ 
may be necessary for the transaction of its business; and, 
also, to borrow money and to pay interest thereon, and to 
make and execute bonds, bills, notes, mortgages and other 
securities and evidences of indebtedness as may be necessary 
for the carrying on of the business mentioned in section 
three of this act ; and may also take security from its cus- 
tomers and others, upon real estate or personal property or 
chattel interests for current accounts, including accruing 
and future indebtedness ; and also to bid in or purchase any ^ay take roai 
real estate or other property, or chattel interests at any ju- estate for debt. 
dicial or other sale, made by virtue of any debt, security, 
trust or power made to or vested in or held by or for the 
said company, and to receive and take in satisfactiou of 
any debt or security any real estate, and to hold and dis- 
pose of the same for its own use and benefit : Provided^ 
that no real estate that may become the property of the 
corporation hereby created — except such as may be reasona- 
bly necessary for the transaction of its business — shall be 
held for a longer period than may be reasonably necessary 
for said corporation to sell and dispose of the same to ad- 
vantage. 



264 



BREWERIES. 



Boardofdirec- 8 5. The affairs of said company shall be manafjed by 

tors to consist of V i x j • ^ i> , ^ , /• "^ 1 1 ,. i '. 1 1 i 

five. a board oi directors of at least nve, all ot whom shall be 

stockholders in the said company ; they shall hold their 
office for one year, and until their successors shall be elect- 
ed and qualitied ; and an election of directors shall be held 
l)y the st'jckliolders, when and so soon as one hundred 
thousand dollars of the capital stock shall have been sub- 
scribed and five per cent, paid thereon. Any five of the 
corporators herein named shall be commissioners to open 
books for subscription to the capital stock, which shall be 
done within ninety days from and after the passage of this 
act; and the money so received by the commissioners shall 
be paid over to the directors when elected. 

Annual election ^ (3. The directors shall annually elect a president from 

ot directors. .^ . , i ^ t ^^ -, ■; ^ ,. 

thou- own body ; they shall have the power Irom time to 
time, in their discretion, to make, pass, alter, establish, re- 
cind and re-establish such rules, regulations and by-laws for 
the government of the said company and the management 
of its affairs and business, and for the appointment of a 
secretary, treasurer and all such agents and attorneys as 
Compensation they may deem necessary and proper ; and may prescribe 

of officers. their duties, fix their own remuneration, acquire bonds, 
and do all other acts which may be deemed expedient to 
promote the interests of the said company, not inconsistent 
with the laws of this state or of the United States ; but no 
by-laws of the said company shall be passed without the 
consent of a majority of the directors ; and all the acts of 
tlie duly appointed officers and agents of the said company 
done and performed under authority of its by-laws, rules 
and regulations, shall bo binding upon the said company. 
The bond from the treasurer shall not be less thau ten 
thousand dollars. 

officfre.'''°" °^ ^ '^^ '^^^^ election of directors of the said company shall 
1)0 held annually, on the first Monday after the second day 
of April in every year, at such place as the board of direc- 
tors may appoint ; such election shall be by ballot. Every 
stockholder shall be entitled to one vote, for every share of 
capital stock standing in his or their name on the books of 
said company, and may vote in person or by proxy. 
Delinquent § 8. The dircctors shall have power to call for the bal- 

Btocliholders. ^ , ^, , . ^. , ,i . i ,. , , . i 

ance due on the subscription to the stock ot the said com- 
pany at such time and in such installments as they may 
deem proper ; and in the event of the non-payment of any 
call within sixty days after due notice, which may be by 
letter mailed to his or her address as it ajjpears upon the 
Enforce pay- stock book of Said Company ; and it shall be lawful for the 
qaent°iock! ^"' directors, at their option to enforce such payments or to sell 
fairly by public auction the amount of stock standing in the 
name of such non-paying stockholders, to any person or 
persons, or to buy in the same for the benefit of the said 
company ; and the proceeds of such sale shall be paid over 



BRIDGE COMPANIES — INCOEPORATED. 265 

to such D on-paying stockholders, who shall, upon such sale, 
cease to be a stockholder in the said company, and the pur- 
chaser or purchasers of such shares of stock shall have and 
enjoy all the rights, privileges, dividends and profits accru- 
ing or accrued to or in respect of the said shares of stock 
and become liable for the payment of all calls then due or 
thereafter made on said shares of stock. 

§ 9. It shall be lawful for the directors of said company, Dividends, 
from time to time, to make and declare and pay dividends 
upon the capital stock of the said company in such manner 
and in such amounts as they may deem most expedient for 
the interests of the said company, 

§ 10. Said company shall keep in the office of its secre- siS°'"transac- 
tary, proper books, in which shall be kept a full and cor- tious. 
rect record of the names and post ofiice addresses of the 
stockholders, to be furnished by them, and of the amount 
of stock held by each, and of all transfers thereof; also, a 
record of the proceedings of the stockholders of said compa- 
ny, and of the proceedings of its board of directors, and of 
its by-laws, rules and regulations, and of its business trans- 
actions, which books shall be subject to inspection at all 
reasonable times during business hours by any stockholder 
or creditor of said company. 

$ 11. The said company hereby created shall exist for Duration of 

, •* n ' • T 1 I xf i. corporation. 

the term of nmety-nme years ; the stock, property and etiects 
thereof shall be liable and subject to execution and sale for 
all debts due or owing by said company, but in no case shall 
any stockholder be personally liable beyond the amounfof 
his snbscripton to the stock. 

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

Approved March 25, 1869. 



BRIDGE COMPANIES —INCORPORATED. 



AX ACT to incorporate the Alton and Mississippi Bridge Company. lu force March 

30, 1S69. 

Section 1. Be -it enacted hy the People of the State of 
Illinois^ feijresenled in the General Assembly, That Silas corporators. 
W. Farber, Charles A. Caldwell, Daniel Ryrie, Moses G. 
Atwood, James T. Drummond, Thomas M. Hope, John fl. 
Yager and Washington T. Miller, their associates and suc- 
cessors, are hereby constituted a bodycorporate and politic, 
by the name of '-'The Alton and Mississippi Bridge Com- xameand style 
pany," for the purpose of constructing and maintaining a 



266 BRIDGE COMPANIES — INOOKPORATEl^. 

toll bridge from any point on the Mississippi river withiii 
the city of Alton, in the state of Illinois, to any point oppo- 
site thereunto, in the state of Missouri, -u^ith suitable ap- 
proaches to said bridge, and all convenient appendages and 
structures for the same. The said company shall have 
power to make and use a common seal, and to alter the 
same at pleasure ; and such powers, rights, privileges and 
immunities as may be necessary or useful for the purposes 
of this act. 
Amount of § 2. The Capital stock of said company shall be one mil- 
capitai stock. |j^^,j dollars, and shall be divided into shares of one hun- 
dred dollars each ; and the said capital stock may be 
increased from time to time, as a majority of the stock- 
holders may direct, but not to exceed the sum of three 
million dollars. 
Open books for § 3. The persous named in the first section of this act 
6u))scrii)tiou. ^j,g j^gj.gi^y appointed commissioners, who, or a majority of 
them, are authorized to open, or cause to be opened, sub- 
scription books for said company, at such times and places 
within the state as they may think j)ropcr ; and when three 
hundred thousand dollars shall be subscribed, the said 
commissioners, or any three of them, may call a meeting 
of the stockholders, by giving ten days' notice in some 
newspaper published in Alton ; at which meeting the stock- 
holders may elect directors, and transact any other business. 
Board of dircc- s 4_ The Corporate powers of said company shall be 

tore to consist oi '^ , . -, ^ • i i i j x- -• i • 4. 1 

nve. vested m and exercised by a board of nve directors, who 

shall be chosen b_y the stockholders, at such time and 
place as shall be fixed by the by-laws of said company, 
and shall hold their office for one year, and until their suc- 
cessors shall be elected and qualified. They shall elect one 
of their number president of said company, and may ap- 
point other necessary ofiicers and agents. 
Transport per- § 5. The Said corporation may transport on said bridge, 

eona and prop- ^^^^ approaches thereto, persons and property, by steam or 
otherwise, and may allow others so to do; and said bridge 
and approaches may be used for every description of tra^ el, 
passage and transportation, under such rules and regula- 
tions, and for such tolls, as the directors thereof may pre- 
scribe, not to exceed those charged by the bridge chartered 
at East St. Louis. The said corporation may take, receive 
and collect such tolls for travel, jxissage and transportation 
over said bridge, and approaches thereto, or any part 
thereof, as its directors may from time to time determine. 
May take ma- § 6. The Said corporation shall have power to acquire 

6trucUn?brid°e ^^^^® ^^ ^^^^^ neccssary for the construction of said bridge 
and approaches, and the same power to take materials from 
land in the vicinity, for the construction and maintenance 
thereof, and, for such jjurpose, shall have and may exercise 
ail the powers conferred by any law of this state for acquir- 
ing right of way for railroads, public roads, or other pub- 



BRIDGE COMI'ANIES — INCOKPORATED. 267 

lie uses — under which the said corporation may take and 
acquire property heretofore taken or actjuired I'or such nses, 
as well as other property; and shall also have the right to 
protect the banks of the same, so far as may be necessary 
to keep the channel within the opening of the bridge, and 
for this purpose may take and acquire lands in the manner 
aforesaid. 

§ 7. The said corporation may consolidate its property May consoii- 
aud franchises with the property and franchises of any Smp^ies.*'''^^'" 
bridge company authorized by the laws of Missouri to con- 
struct a bridge so as to connect with the one herein author- 
ized, and, for that purpose, may make and execute all such 
agreements as it may deem expedient; and, after such 
consolidation, the corporation created hereby shall have 
all the powers herein granted. 

§ 3, The said corporation may borrow money at any May borrow 
rate of interest, and may secure payment of its bonds or ™"°ey and ee- 

1 , 1 ' 1 "^ ^ "^ 1 T ,^ ,. . care payment of 

other mdebtedness by mortgage or deed oi trust ol its interest, 
property, tolls and franchises, in such manner as the 
directors may think fit. This bridge shall be commenced commence, 
within two yeari, and finished within five years, or this act 
shall be void. 

§ 9. This act shall be deemed a public act, and shall 
take efiect from and after its passage. 

AppiiovED March 30, 1861). 



AN ACT to incorporate the Illinois River Bridge and Transfer Comiiany. In force March 

IS, 1869. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ rejpresented in the General Assembly, That Luther Corporators. 
A. Jones, Seth Thompson, Ebenezer B. Leonard, Henry 
Keuke, Frederick Erhardt, Charles S. Ebaugh, George 
Kuhl, Henry T. Foster, Francis H. Rearick, Abner Foster, 
Charles E. Yeck, M. H. Chamberlain, Charles J. IsTorbury, 
and their associates, successors and assigns, be and they 
are hereby incorporated and created a body politic and 
corporate, under the name and style of "The Illinois River Nameandstyic. 
Bridge and Transfer Company," with perpetual succession ; 
may sue and be sued, plead and be impleaded, in any of 
the courts of this state; may have a common seal; may 
have a board of directors of not less than three, and may 
be increased to any number not exceeding fifteen. The First board of 
incorporators above named shall be the first board of "^ifeciora. 
directors, and shall hold their oflices for the term of one 
year after the organization of said company under this act ; 
a majority of whom shall have power to make, alter and 
amend all needful rules and regulations to carry out and 



268 



BRIDGE COMPANIES — INCORPORATED. 



Bridjce for rail- 
roads, etc. 



May consoli- 
date etocli and 
fruDcbises. 



Capital stock. 



May condemn 
laud. 



Own steam- 
boats, etc. 



Special grants. 



Board of di- 
rectors to con- 
trol aflairs. 



accoraplisli the objects of this incorporation : Provided^ 
said rules and regulations shall not be inconsistent with 
the laws of this state or of the United States. 

^ 2. Said corporation is hereby authorized and empow- 
ered to build, construct, maintain and use a bridge or 
bridges, for railroad and other purposes, over the Illinois 
river, at any point they may select between where the 
lower boundary line of the city of Beardstown, in Cass 
county, intersects the Illinois river, and the intersection of 
the upper boundary line of the town of Frederick, in the 
county of Schuyler, with the Illinois river, in such manner 
as will not materially obstruct the navigation of said river, 
and to connect, by railroad or otherwise, said bridge or 
bridges with any roiul or roads, railroad or railroads, ter- 
minating at or approximating to said bridge or bridges, on 
either side of the said river ; to unite and consolidate its 
franchises, stock and property, or any portion thereof, with 
any railroad or other company or corporation in this state. 

§ 3, The directors of said corporation are hereby au- 
thorized to fix the number of shares of the capital stock of 
said corporation, and the amount of the same not to exceed 
one hundred thousand dollars; to borrow on the bonds of 
the company; to sell, lease or mortgage the whole or any 
part of the franchises or property of the corporation to any 
person, company or corporation; to take, condemn and 
acquire (in the manner prescribed by an act entitled "An 
act to amend the law condemning right of way, for the 
purposes of internal improvement," approved June 22, 
1852, and the several acts amendatory thereof,) the right 
of way necessary for the construction of the improvements 
herein contemplated and authorized. 

§ -I. This corporation are hereby authorized and em- 
powered to own and operate steamboats and other water 
craft, for the jmrpose of conveying, transferring and deliv- 
ering, from any point on the" Illinois river to any other 
point thereof, and to or from any railroad terminating at 
or approaching the Illinois river within the limits named 
in section two of this act; also, any materials, workmen 
or employees, either of this corporation or of any railroad 
aforesaid, or any passengers, freight or other property of 
any railroad compauj^, as aforesaid : Frovided^ nothing 
in this act shall bo construed to grant any ferry privileges 
for any other purpose than as is expressly stated herein : 
Provided^ further, that nothing herein shall be construed 
to prevent 'the liockford, Eock "island and St. Louis Rail- 
road Company from constructing and operating a bridge 
for railroad purposes exclusively. 

§ 5. All the corporate powers or' said corporation shall 
be vested in and exercised by a board of directors of not 
less than three nor more than fifteen, who shi-dl be stock- 
holders, and who, after tho expiration of the term of oflSce 



BRIDGE COMPANIES — INCORPORATED. 269 

of the first board of directors lierein provided for, shall be 
elected anunally by the stockholders, and shall hold their 
offices until their successors are duly elected and qualitied. 
Said board of directors shall have power to till any vacan- 
cies which may occur in said board, by death, resignation 
or otherwise. 

§ 6. The said corporation is hereby authorized to de- '^°^^^' ^^'^• 
mand and receive reasonable tolls and charges for the pas- 
sage of any person or property over said bridge or bridges, 
or for the transferring or conveying from point to point 
on said river, any railroad employees, passengers and 
freight. 

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

Approved March 15, 1869. 



AN ACT to erect a toll bridge across the Kaskaskia river. In force March 

° 3li, 1SC9. 

Section 1. Be it ejiacted by the People of the State of 
Illinois^ re'presented in the General Assernhly^ That David corporators. 
W. Halbert and James W. Hughes, their heirs and assigns, 
shall have full power and authority to build, construct and 
maintain a bridge, of either iron, wire suspension, wood, 
or of one or more floating keels, over and across the Kas- 
kaskia river, at the town of New Athens, in St. Clair 
county. 

§ 2. That said bridge shall be so constructed as not to Not^to luter- 
interfere with the free navigation of the said Kaskaskia gaUon!' 
river; and the said parties, "so authorized to build such 
bridge, shall have the exclusive privilege of building and 
maintaining the same across said river, iov one and one- 
half miles above and two miles below the point at which 
said bridge may be built, for forty years after the building 
of the same : Frovided, tlie said bridge shall be built within 
six years from the passage of this act. 

§ "3. No toll bridge shall be built across said Kaskaskia ^^^^^^'^p^^'^ ^''' 
river, within one and one-tialf miles above and two rniles 
below said bridge, for the space of fort}^ years : Provided, 
that said parties shall comply with the provisions of this 
act in relation to the erection and repair of said bridge 



Wheu unable 
with 



herein provided for 

§ 4. The said bridge company shall, in case they should .(, 
be unable to agree with the owner or owners of any real l^^llJ,,l]^^^, 
estate, or any materials to be taken from the same, neces- to proceed. 
sary for the construction of said bridge, said company shall 
proceed in obtaining the same in the same manner pre- 
scribed by law for obtaining the right of way ; and shall 



270 BRIDGE COMPANIES — INCORPOEATED. 

have fall pi)wer and authority to take, ondciuuand use all 
necessary lands or hij^hways, for the purpose of reaching 
or making roads or levees leading to caid bridge, and shall 
have power to use any levee, already made or hereafter to 
be made by the county of St. Clair, or have power to plank 
the same, as may be agreed upon by the county court of 
said county, for road or toll purposes, for the purpose of 
reaching said bridge ; and, also, shall have power to con- 
struct and maintain a plank road or roads or bridge any 
stream or streams of water, for the purpose of reaching said 
bridge, and shall charge such tolls for traveling over the 
same as the county court of Saint Clair county shall es- 
tablish. 
Repair bridge. § 5. Said parties, their heirs or assigns, shall, at all 
times after the completion of said bridge, keep the same in 
good and sufficient repair and order, with a safe and con- 
venient passage to and from the same, and allow a speedy 
XDassage across the same ; and if any person, in crossing said 
bridge, shall sustain any injury or damage, either to him- 
self, herself or property, in consequence of said bridge not 
being kept in good repair, the proprietor or proprietors 
thereof shall be responsible for the same in their private 
property. 
Erect toll gates | 6. Said parties, their heirs and assigns, are hereby 
i^atcs of to°i"etc; authorized, after the completion of said bridge, to place toll 
gates and toll houses at either end of said bridge, where 
they may charge and receive the following rates ot toll, for 
crossing said bridge, viz : for each vehicle of any kind, 
drawn by two horses, mules, asses or oxen, twenty-five 
cents ; for each additional horse, mule, ass or ox, attached 
to such vehicle, five cents ; for each one-horse wagon, car- 
riage or cart, fifteen cents ; for each horse or other animal, 
and rider, ten cents ; for each head of horses, mules, asses 
or cattle, under and to the number of twenty-live, not 
driven in a team or teams, five cents, and all over twenty- 
five three cents ; for each head of swine or sheep, two 
cents ; for each foot-man, five cents : Provided^ said com- 
pany may double the above rates of toll after nine o'clock 
in tiio evening and before day-hght in the morning. 
Pcuaity ^ for g 7^ Ally pcrsou or persons, crossing said bridge faster 
than a walk, shall forfeit and pay five dollars to the propri- 
etors of said bridge — to be recovered before an}' justice of 
the peace or other court having jurisdiction of the same, 
irino' to the S 8. if any person or persons shall willfully do or cause 

bridi^e, how r. . '^ , -^ }■ . , • i i • i -l \ J^ l 

coveled. to be douc any injury to said bridge orits abutments, piers, 

draws, appurtenances, or the passage or passages to or from 
the same, such person or persons so oflending shall be liable 
to pay to said proprietor or proprietors not less than twice 
the amount of such injury — to be recovered by said party 
or parties, with costs of suit, in an action of trespass, in 
any court having competent jurisdiction thereof, or by in- 



BRIDGE COMPANIES — INCORPORATED. 2 ( 1 

dictment in the circuit court, in the name of the people of 
the state of Illinois ; and on conviction, under indictment, 
such person or persons shall also be liable to imprisonment 
not exceeding six months, and pay tho costs of prosecution. 

§ 9. The said parties or successors shall have power to May bon-ow 
borrow money, not exceeding the actual cost of construct- "ndge. ^° *''"'" 
ing said bridge, for the purpose of building said bridge or 
keeping the same in repair ; may mortgage said bridge and 
its tolls for that purpose, and for no other purpose. 

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

Approved March 30, 1869. 



AN ACT to incorporate the Metropolis and Kentucky Bridge Company. In lorce March 

Section 1. JBe it enacted hy the Feojjle of the State of 
Illinois, represented in the General Assembly, That John A. corporators. 
Loirau, John M. Crebs, Green B.Raum, William II. Green, 
A. J. Kuykendall, J. G. Willis, William J. Ward, William 
McBean, W. P. Lruner, Geo. W. Brown, Alford Cutting, 
E. G. B. McKee, all of the state of Illinois, and Oscar Tur- 
ner, John W. Ogilvie, and George Ratcliff, of the state of 
Kentucky, A. E.^Burnside, of Rhode Island, Charles Gut- 
line, of New York, David Tate, of Mississippi, be and they 
are hereby created a body politic and corporate, Nvith per- 
petual succession, by the name of "The Metropolis and Ken- N^moand s'.yie. 
tucky Bridge Company," and by that name may sue and be 
sued, plead and be" impleaded, in all the courts of this state 
and elsewdiere, and shall have power of erecting and con- 
structing a bridge across the Ohio river, at any point within 
the corporate limits of the city of Metropolis, or within one 
mile above or below said corporate limits, to such point op- 
posite in the state of Kentucky as they may think proper. 



May nold 

and <onv» y real 



Said company shall have and use a common seal ; they shall 
also have the power to purchase and hold as much real e^i 
estate as will be necessary for the site of said bridge, the 
piers, abutments, toll houses, and necessary and suitable 
avenues leading to the said bridge; also, to borrow money, to^^^-jT" ™id"gl^ 
not exceeding the capital stock mentioned in this act, and 
to secure the same on such terms as maj be agreed upon ; 
shall also have power to ordain and establish such by-laws, 
rules and regulat^.ons which may be necessary for the well 
being of said government of said corporation : Provided, 
that the same shall not be contrary to the laws of^the 
United States, the state of Illinois, and the state of Ken- 
tucky. 



272 BRIDGE COMPAJ^IES — INCORPORATED. 

Amount of § 2. TliG Capital stock of said company sliall be tliree 
capital Htock. j^-jij,3j^ ^^ dollars, divided into shares of one luiudred dol- 
lars each ; and said incorporators, or any live of whom, 
shall have power and authority, npon written notice, to 
cause subscription books to be opened, at such time or 
})lace as they may a<^ree upon, and cause said books to be 

Time and place kei)t opcu sucli leno;th of time as they may prescribe, under 
the direction oi such persons as they may designate : Iro- 
vided, that they shall publish, in some paper in the county 
of Massac, state of IlHnois, and the county of McCracken, 
state of Kentucky, the time and place at which the books for 
subscription of stock in said company shall be held ; and if, at 
the end of such time, the whole amount of the capital stock has 
not been subscribed, the said corporators shall have power 
to organize with as much capital stock only subscribed as. 

When stock uot in their opiuiou, will complete said bridge, and may order 

opcn^books. "^' books to be opened at such other times and places, and 
may repeat the same as often as necessary, until the 
whole amount of stock is subscril)ed — giving such no- 
tice as they may deemreosonable : P/'ovukd, that any sub- 
scription to the capital stock of said company, made at any 
other time or any other place, shall be as valid in the per- 
son so subscribing as if made in the mode and manner pre- 
scribed : A7id, provided, further^ that neither the state of 
Illinois nor county of Massac, or the city of Metropolis, 
shall have power or right to collect or levy off of said bridge 
company any taxes, until one year after said bridge shall 
have been completed. 
stockholders' § 3. When live hundred shares shall have been sub- 

nieetinK, wheu. ggj^jj-^g^j ^o the Capital stock of said company, the persons 
authorized to open books, or a majority of them, then liv- 
ing, shall advertise for a meeting of the stockholders of said 
compan}^, at the city of Metropolis, Illinois, giving ten 
days' notice of the time and place of such meeting, by pub- 
lication in some pajier published in the county of Massac; 
Eicci'on of and the stockholders shall proceed to electa president and 

directoi?. ^j^ directors, who shall be stockholders in said corporation, 

and to elect or appoint such other agents or officers as they 
may deem necessary for the business of the corporation, 

omccik' salaries ;ind fix the salary to be paid the president, agents, and such 
other officers as they ma_y deem entitled to receive salaries, 
and require such bonds of any such officers, with security 
and such conditions as they may prescribe ; at which meet- 
ing each stockholder shall l3e entitled to one vote for each 
share of stock he, she or they may own in said company. 
The stockholders may vote in person or by proxy. 
May extend § i, Tlic Said compauy may extend a railway over said 

ovcrb'idg-e.''"'' bridge, with as many sets of tracks as may be deem expe- 
dient; and shall have the right to fix reasonable rates of 
toll for passing over said bridge, and to collect the same 
from all and every person or persons passing thereon or car- 



BRIDGE COMPANIES — INCOKPOEATED. 273 

ried thereon, and upon goods and chatties, vehicles and 
animals passing thereon or carried on said bridge, includ- 
ing every other species of property not herein named ; and Erect tou sjates 
for this purpose toll gates may be erected at each or either ^^^ houses, 
end of said bridge, and the rates of toll shall be posted up 
in conspicaous places where toil is demanded ; that the said 
bridge company shall have power and authority to con- 
demn any and all real estate for the location and erection 
of said bridge, or any toll houses, abutments, piers, anchor- 
pits or ap]3roaches to said bridges, that may be deemed neces- 
sary or couvenient for the purposes of tiie corporation, in 
accordance with the provisions of the general laws jiow in 
force, or which may hereafter be in force, providing for the 
condemnation of lands for purposes of internal improve- 
ments ; and said company may contract and agree with the condemn lands, 
owner or owners of any land or lands they may need for 
the building of said bridge, and in case said company can- 
not agree with the owmer or owners of all or any part of 
the laud or lands, so as to procure the same by voluntary ^ 
deed or act of such owner or owners, or if the owner or 
owners thereof or any or either of them be 2.feinme covert^ 
an infant, non compos mentis^ unknown, or out of the coun- 
try or state in which the property and lands be situated, 
the same may be taken, condemned and paid for, if any 
damages are awarded, in the manner aforesaid. 

S b. Should the capital stock of said company, as here- when capital 

. <^ . 1 , • ai • 4- jf i.\ f- \i ■ stock is insuffl- 

in provided, prove msuthcient for the purpose ot tins cor- cient. 
poration, the board of directors shall have the right to in- 
crease the same to such an amount as will be required to 
fully carry out the purposes of this corporation. Indi- 
vidual companies and corporations, created by the laws of 
this state, or any other state of the United States, shall have 
the right to take stock in this corporation, and said com- 
pany is authorized to make contracts with any railroad 
company in or out of this state, or to consolidate stock with 
any such railroad company, upon such terras as they may 
agree upon ; and the said company shall have the right to 
receive subscriptions to the capital stock in real or personal 
property, or choses in action, upon such terms as may be 
agreed upon, and to sell and convey all such property in as 
full and complete a manner as natural persons ; and the said 
company shall have the right to issue not exceeding three^ 
million of dollars mortgage bonds upon the property of 
said company. 

§ 6. That after the first election of a president and direc- 'j.^J^^J.fJf/g""'' 
tors of said company, there shall be an annual election of 
a preddent and directors of said company, as herein pro- 
vided, on the first Monday in June in each year and every 
year thereafter, who shall hold their offices until their suc- 
cessors shall be elected and qualified ; and should the stock- 
holders fail to elect a president and directors at the time 
—35 



Consolidation 
of stock. 



S74: BRIDGE COMPANIES — INCOKPORAIED. 

herein provided, the majority of the stockholders shall have 
a right to elect such officers at any other time they may 
agree upon by giving twenty days' notice in some paper 
published in Massac county, Illinois. 

ranroi°"'^^° and ^ '^' "^^^^ ^^^^ Company shall have power to enter upon 

other bridges, and negotiate for any chartered railway or other bridge 
companies' rights in this state or the state of Kentucky, on 
such terras as may be agreed upon between the parties, and 
to make compensation to the owners of such rights and 
privileges in the stock of said company, and shall have the 
power to issue bonds and sell the same for money, labor, 
tnaterials and anything deemed necessary to be used in the 
construction of said bridge. 
County may | 8. The city of Metropolis, in the county of Massac, 
state of Ilhnois, and the county of Massac, may subscribe 

Issue bonds. for and take stock in this company, and niay iesue lionds in 
payment for such stock of one hundred dollars each, bear- 
ing interest at the rate of ten per cent, or less, payable 
yearly on the first day of January of each year, and the 
bonds to run not longer than twenty-five 3'ears ; and a tax 
of not more than one dollar on each one hundred dollars' 
worth of taxable property may be levied and collected in 
such town, city or county, per annum, to pay the install- 
ments on such stock, or to pay the interest and principal of 
suiimitted to bouds issucd in payment for such stock : Provided., that no 

a majority vote. ^^^t^_^ Subscription Sihall be made, no such bonds shall be is- 
sued and no such tax shall be levied unless a major'ty of 
the legal voters of said city or county shall vote for the 
same at an election to bo held under the order of the cor- 
porate authority, in case of the city, and of the county 
court m case of the county : Provided^ further^ that a ma- 
jority of legal votes at any such election sliall be held as a 
majority of the legal voters of said city of Metropolis, or 
county of Massac; and the question of making a subscrip- 
tion, issuing bonds and levying taxes may be submitted as 
one question or as separate questions at sncli election ; and 
either or all of said questions may be submitted to an elec- 
tion at any time, in the discretion of the authorities autho- 
ri;^ed to call such election, but no such election shall be 
lield without at least thirty days' previous notice, to be given 
in the manner now required by law. 

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

Approved March 29, 1869. 



BRIDGE COMPANIES — INOOKPOBATED. 275 



AN ACT to incorporate the Moliae and Roek River Bridge Company. lu force April 

10. iyC9. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ 7'epresented in the General Assembly, That S. W. cori)oraiors. 
Wheelock and Jonathan Ilantoon, Ben. Harper and John 
M. Gould, and their associates, the present owners of the 
property and franchises of the Moline and Rock River Bridge 
Company, acquired by virtue of a sale had under a trust deed 
made by said company, on the 24:th day of December, 1857, 
to John M. Gould, trustee, be and they are hereby created a 
corporation by the name of " The Moline and Rock River Name and style. 
Bridge Company;" and as such, shall possess the rights, 
powers and franchises usually possessed by such corpora- 
tions, and also all the privileges, powers and franchises at 
any time heretofore possessed by the Moline and Rock 
River Plank and Macadamised Road and Bridge Company, 
incorporated by an act approved Feb, 14, lb55, and all ^ 

amendments thereto. 

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

Approved April 16, 1869. 



AN ACT to incorporate the Paducah and Illinois Bridge Company. jy f^rce condi- 
tionally. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, Tliat L. S. corporators. 
Trimble, L. M. Flourney, W. F. Norton, J. M. Bigger, T. 
J. Pickett, J. L. Allard, George Langstaff, of the state of 
Kentucky ; A. M. West, Abra^m Murdock, of the state of 
Mississippi; David L. Phillips, William Butler, J. M. Camp- 
bell, S. S. Marshall, G. B. Raum, T. B. Blackstone, and J. 
J. Mitchell, of the state of Illinois ; and A. E. Burnside, 
of the state of Rhode Island, be and they are hereby cre- 
ated a body politic and corporate, with perpetual succession, 
by the name of "Paducah and Illinois Bridge Company;" Nameand style. 
and by that name may sue and be sued, plead and be im- 
pleaded, in all the courts of this state, and elsewhere ; and 
shall have power of erecting and constructing a bridge 
across the Ohio river, from some point within the corpor- 
ate limits of the city of Paducah, to such point on the 
Illinois side as the said bridge company may select. Said 
company shall haveand use a common seal; they shall also 
have the power to purchase and hold ay much real estate as 
will be necessary and suitable for the site of eaid bridge, 
the piers, abutments, toll-houses and necessary and suitable Borrowmoney 
avenues leading to the said bridge; also to borrow money, ^oP^"'^^"^^ ^"^ 
not exceeding the capital stock mentioned in this act, and 



276 



BRID&E COMPANIES — INCORPORATED. 



to secure the same on such terms as may be agreed upon ; 
shall also have power to ordain and establish such by-laws, 
rules and reoulations which may be necessary for the well 
being of eaid government of said corporation: Provided^ 
that the same shall not be contrary to the laws of the United 
States, state of Kentucky, or stateof Illinois. 

ca'S'Ttock."^ §2. That the capitaV stock of said company shall be 
three million dollars, divided into shares of one hundred 
Open books dollars cacli ; and said corporators, or any six of whom, 
sc.ip ion gi^^ii have power and authority, upon written notice, to cause 
books to be opened at such time or times, place or places, 
as they may agree upon, and cause said iDooks to be kept 
open such length of time as they may prescribe, under the 
direction of such person or persons as they may designate: 
Provided^ that they shall publish in some paper published 
in the city of Paducali, and Metropolis, Illinois, the time 
and place which the books for the subscription of stock in 
said company shall be held, and if at the end of such time, 
the whole amount of the capital stock shall not have been 
subscribed, the said corporators shall have power to order 
books to be open at such other times and places, and may 
repeat the same as often as necessary, until the whole 
amount of stock herein authorized shall have been sub- 
scribed, giving such notice as they may deem reasonable: 
Provided^ that any subscription to the capital stock of said 
company, made at any other time or any place, shall be as 
valid in the person subscribing as if made in the mode and 

pakTfoSie^ear ""^'^""0'" herein prescribed : And^ provided^ further, that the 
state of Illinois shall not have tlie power to levy and collect 
of said bridge company any taxes, until one year alter said 
bridge shall have been completed. 

stSSers. "'^ § 3. That when one thousand shares shall have been 
subscribed to the capital stock of said company, the persons 
authorized to open books, or a majority ot them then living, 
shall advertise for a meeting of the stockholders in said com- 
pany, at Paducah, Kentucky, giving ten days' notice of the 
time and place of such meotinas, by publication in some 
paper published in Paducah, Kentncky, and Metropolis, 
Election of IJlinuis ; and the stockholders shall pr<^ceed to elect a 
president and six directors, who sliall bo stockholders in 
said corporation, and to elect or appoint such other agents 
and officers as they may deem necessary for the business of 
the corporation, and fix the salaries to be paid to the presi- 
dent, agents, and such other officers as they may deem enti- 
tled to receive salaries; and require such bonds of any of 
such officers, with security, an 1 with such contlitions as they 
may ])rescribe; at M'hich meeting each stockholder shall be 
entitled to one vote for each share of stock h£\ she or they 
may own in said company. The eto-jkholdert? may vote in 
person or by proxy. The election of directors jbr said cor- 
poration shall be in the mode and manner prescj-ubed by an 



BRIDGE COMPANIES— INOOEPOEATED. 277 

act of the legislature of the state of Kentucky, approved 
February 5, 1868. 

§ 4, The said company may extend a railway over said May place raii- 
bridge, with as many sets of tracks as they may deem ex- i.ridge!!'^'^"^ 
pedient ; and shall have the right to iix reasonable rates of 
toll for passing over said bridge, and to collect the same 
from all and every person or persons passing thereon, and 
upon all goods and chattels, vehicles and animals passing 
thereon, or carried on said bridge, and including every 
other species of property not herein named; and for this Erect ton i;aie.=. 
purpose, toll gates may be erected at each or either end of 
said bridge, and the rates of toll shall be posted up in con- 
spicuous places where toll is demanded. That the said condemn pro- 
bridge company shall have all power and authority that p"^^- 
may be deemed necessary to condemn any and all real pro- 
perty for the location and erection of said bridge, or any 
toll houses, abutments, piers, anchor pits or approaches tu 
said bridge, or that may bo deemed in any way necessary 
or convenient for the purposes of the corporation, in accord- 
ance with the provisions of the general laws now in force, 
or which may hereafter be in force, providing for the con- 
demnation of lands for purposes of internal improvements. 

§ 5. That should the capital stock of said company, as g,^^'''^ f^^^^^^] 
herein provided, prove insufficient for the purposes of this dent, 
corporation, the board of directors shall have the right to 
increase the same to such an amount as will be required to 
fully carry out the purposes of this corporation. Individu- 
als, companies aad corporations created by the laws or this 
state, or any state of the United States, shall have the right 
to take stock in this corporation ; and said company is au- 
thorized to make contracts with any riulroad company in 
or out of this state, relative to the building of the bridge ; 
and to make common cause with any railroad company in 
or out of this state, or to consolidate stock with any such 
railroad company, upon such terms as may be agreed upon; 
and the said company shall have the right to receive sub- 
scriptions to the capital stock of said company in real or 
personal property; or choses in action, upon such terms as 
may be agreed upon, and to sell and convey all such pro- 
perty in as fall and complete a manner as natural persons. 
And the said company shall have the right to issue not ex- issue bonds, 
ceeding three millions of dollars mortgage bonds upon the 
property of said company. 

§ 6. The said corporation may consolidate its property ^^;%^^^^t 
and franchises with the property and franchises of any bridge 
company, authorized by the laws of Kentucky to construct a 
bridge so as to connect with the one herein authorized, and 
for that; purpose the said corporation may make and execute 
all such agreements as it may deem expedient ; and atVer 
such consulidation, the corporation created thereby shall 
have all the power herein granted. 



278 BRIDGE COMPANIES INCORPORATED. 

When act to § 7. Tliis act shall be held to be a public act, and shall 
take effect. be 'liberally and beneficially construed by all courts for the 
purposes and objecte of its creation ; and this act shall not 
take effect or be in force until after the legislature of the 
state of Kentucky shall have granted a charter to John A. 
Logan, John M.Crebs, G. B Raum, A. J. Kuykendall, 
William McBean, W. P. Bruner, George W, Brown, Alfred 
Cutting, William R. Brown, William J. AVard, and R. G. 
B, McKee, to build a bridge across the Ohio river, from the 
Kentucky shore, opposite or near the city of Metropolis, 
Massac county, Illinois, with equal righrs and powers 
granted in this act. 

Approved March 27, 1S69, 



In furce Feb. 25, AN ACT to authorize the buiidiujr of a bridore across the lUiuois river at 
^669. reru. 

Section 1. JBe it enacted by the People of the State oj- 
Illinois, rejpresented in tho General AssemUy, That JPeter 

Corporators. Bowers, Anton Birkenburl William L. Huse, Samuel N. 
Maze, Daniel Holly, Benjamin Ream, David Ilawley, 
Geoige B, Hopkins and William B. Day, or a majority of 
them, and their associates, are hereby created a body poUtic 

Name audstyie. and corporate, bv the name and style of ''The Illinois 
River Bridge Company, of Peru, Illinois," and by that 
name shall have perpetual succession ; may sue and be 
sued, }»lcad and be impleaded, in all the courts of this 
state ; contract and be contracted with ; may make all 
needful by-laws and rules for the government of the said 
company, fix the amount capital stock thereof at any amount 
necessary to carry into effect the provisions of this act, pro- 
vide for the management of the afl'airs of the company, and 
appoint all officers deemed necessary for that purpose. 

Organization. g o. The Said compnuy, after its organization, shall con- 
sist of all persons who shall become stockliolders therein ; 
and each srockholder shall be entitled to one vote for each 
share of stock held by him ; and in case any town or city 
shall become the holder of any of said stock, the stock shall 
be represented by the supervisor of such town or the mayor 
of such city, under the direction of the city council. 
Location of § 3. The Said company, when organized, may construct 

bndgo. ^^^^ maintain a bridge across the Illinois river at Peru, Illi- 

nois, at the x^oint where Hamilton street, in the city of 
Peru, if extended south, would intersect said river, or at 
any intermediate point between said Hamilton street and 
Erect toll gates the cast line of Plum street, in said city ; and for the pur- 

hoSfles. °^^" pose of erecting such bridge, and all such embankments, 



BRIDGE COMPAlv^IES — INCORPORATED. 279 

toll bouses, and dvt^elling houses for toll collectors, and such 
other works as may be necessary for said bridge, and other 
employees, the said company may use so much of said 
Hamilton street or Plum street, or of any intermediate 
street, and Water and south of Water street, on the south 
side of the river and of the bed and shores of said river, 
as may be necessary. 

§ 4. The said company shall, at all times, after the Kept in repair, 
completion of said bridge, keep the same in good repair, 
and allow a speedy passage to all persons, with their ani- 
mals and vehicles : Provided, that if said bridge shall be 
destroyed by fire or flood, said company shall be allowed a 
reasonable time to rebuild the same. 

§ 5. The said company are hereby authorized, after the ErecttoUgates 
completion of said bridge, to place a toll gate at either end *'®'*^^'"®^'^- 
of said bridge, and to charge and receive the following 
rates of toll, for crossing said bridge, viz : For each vehi- Rates ot ton. 
cle, drawn by two horses, mules^ asses or oxen, twenty 
cents, and for each additional horse, mule or ox, attached 
thereto, five cents ; for each one-horse vehicle, ten cents; 
for each man and hor?e, five cents ; for each hog or sheep, 
one cent ; for each head of neat cattle, not attached to any 
vehicle, one cent ; for each footman, three, cents : Provided., 
that said company may double the above rates after nine 
o'clock r. M., and before day-light in the morning : Provi- 
ded, further, that all persons having paid toll, and return- 
ing the same day, may return free of toll. 

§ 6. That said corporation hereby created, until the May^erect a 
time the said bridge shall be erected, are hereby authorized "^^ ^° ^' ^^' 
and empowered to keep and maintain, across the Illinois 
river at Peru, a floating or boat-bridge, and to charge the 
same tolls for crossing over the same as are provided for by 
section five of this act, and until then shall keep and main- 
tain such floating or boat-bridge or ferry boat ; and, for 
that purpose, areliereby authorized to purchase or procure 
the same, to be kept and maintained under such arrange- 
ment they ma3' deem it advisable to enter into, not con- 
trary to the purposes of this act. 

§ 7. That said bridge shall be deemed a public high- Bridge deemed 
way, within the meaning of the laws of this state providing %^^ ^*^ '^ " 
for the punishment of persons injuring, obstructing or des- 
troying public highways and bridges. 

§ 8. The said company may, if deemed necessary, way mortgage 
mortgage the said bridge for such an amount or amounts, ^'""'g®- 
and upon such terms, and in such manner, as they may 
agree upon in their articles of association. 
'" § 9. Every person crossing such bridge with any beast, FistdriviDg. 
faster than upon a walk, shall forfeit five dollars to the pro-_ 
prietors of said bridge, to be recovered before any justice of 
the peace or other court having jurisdiction thereof. 



2S0 BRIDGB COMPANIES — INCOitPOKATED. 

Not to obstract §10. The saicl Company 8ball build sucb bridge in sucli 

navigation. ^ manner, tbat it shall not materially obstruct uavicrution 
on said river ; and they shall keep open a space at least 
one hnndred and twenty feet, when boats or other water- 
craft navip^ating said river may wish to pass said bridge. 
city may tnke §11. That the clty of Peril, in LaSalle county, is 

stock". hereby authorized to subscribe to the capital stock of said 

bridge c.'mpany any sum, not exceeding fifty thousand dol- 
lars, or to lo9n the credit of said city to not exceeding tbat 
Bonds mny )ie amouut, in aid of said bridge company ; and the city coun- 
7'tRx- C'l of said city are hereby authorized to make and issue the 

payers. bonds of said city, bearing interest at a rate not exceeding 

ten per centum per annum, payable to said company, or to 
any other person or persons or body corporate or politic: 
Provided^^ however^ when any such subscription or loauing 
of credit is proposed to be made, it shall be the duty of the 
city council to order a vote of the taxable inhabitants of 
said city, who are entitled to vote in said city, by publica- 
tion in some newspaper published in said city, stating that 
on a certain day — not less than fifteen days frum the day of 
such publication — a vote of such taxable inhabitants of said 
city, who are entitled to vote therein, will be held at the 
city hall, in said city, or other place to be designated by the 
city council of said city, to decide whether the said city will 
so subscribe or loan its credit, as proposed by the city coun- 
cil—said publication expressing the amount proposed to be 
subscribed or for which the credit of the city is prop(<sed to 
be loaned, and tlie amount and terms of the proposed k-an, 
said vote to be taken by ballot, at the place designated for 
holding such election ; and if a majority of the votes cast 
at such election shall be in favor of' the proposition of the 
city council for such subscription or loaninjj of the credit of 
Another vote the city, then the same shall be made, otherwise not : Fro- 

maybehad. ^^Ided^ howeve)\ in case such proposition shall not be 
adopted upon the first election, it shall be lawful for the 
city council to submit such proposition, or any proposition 
in relation to such subscription or loaning of the credit of 
the city, in the same manner, to a vote of the inhabitants of 
said city, so qualified and entitled to vote as aforesaid, 
whenever the city council shall deem it for the interests of 
said city so to do. 

brid-e erected ^ ^^' ^^ Other bridge shall be built across the Illinois 

for 21) years. river, within two miles west or within the li mits of the town 
of Peru, as now bounded, east of the location of the bridge 
so to be built, for the period of twenty years : Provided, 
that said company shall comply with the provisions of this 
act in relation to the erection and keeping in repair of the 
bridge herein provided for ; nor shall the city of Peru 
grant any charter for any ferry across the Illinois river, to 
be operated within the limits prescribed in section three (3) 
of this act, during the time herein limited for the building 



BEIDGE COMPANIES — INCOEPOKATED. 281 

and completion of said bridge, nor at any time thereafter if 
said bridge shall be so built during the continuance of the 
corporation hereby created. 

§ 13. Said bridge company shall commence the erection t^SiTJ^^^g"*^*^ ^ 
of said bridge within one year, and complete the same 
within two years after this act shall take effect, or the rights 
conferred by this act shall cease and be of no effect. 

§ 11. Said corporation shall have the right to extend Extend roadway 
and maintain a roadway from the south end of said Ijridge 
to the bluff" on the south side of the river, across sections 
twent}^ (20) and twenty-nine (29), and make all necessary 
bridges and crossings, so as to afford a convenient passage, 
for the purposes aforesaid, from said bridge to the said bluff' 
on the south side of said river. 

§ 15. That said corporation is hereby empowered to »Jay purchase 

1 • 1 1 I T 1 1 T 1 - , 1 , real estate aud 

purchase, receive and hold such lands, real estate and mate- materials for 
rials as may be required to extend their roadway or em- ^°^'^'^"'^'- 
bankment to the bluff' on the south side of said river, across 
sections 20 and 29, and as may be necessary and requisite, 
in accomplishing the object lor which said corporation is 
hereby created ; and may, by their agents, engineers and 
surveyors, take possession of and use all such lands, real 
estate and materials as may be necessary for the construc- 
tion and maintainance of said bridge, aud the roadways and 
approaches thereto aud appendages thereunto appertaining, 
and may also receive, take and hold such voluntary grants 
and donations of lands, real estate and other property as 
shall be made to such corporation, for the purposes afore- 
said and in aid thereof; but whenever any such lands, real wbeu ds.mc- 
eetate or materials shall be so taken and apj^ropriated, for a!'reed upon the 
the purposes aforesaid, aud the same shall not be given or ^ji^^^^^ ^'^^ ^° 
granted to such corporation, or the proprietor or proprie- 
tors do not agree with such corporation as to the amount of 
damages or compensation which ought to be allowed and 
paid therefor, or shall not mutually agree on some person 
or persons to appraise the same, such damages or compen- 
sation shall be determined in the manner provided by an 
act of the general assembly of this state, entitled "An act to 
amend the law concerning the right of way for purposes of 
internal improvement," in force June 22d, 1852 : Provi- 
ded, that, in condemning the right of way for any 
approaches to said bridge, or any otiier property belonging 
to the owners or proprietors of the Illinois Bridge Com- 
pany, incorporated by an act of the general assembly of this 
state, approved February 10th, l557, the commissioners 
shall take into consideration the value of the property thus 
taken and condemned for the purposes to which it sought to 
apply the same. 



■36 



282 BRIDGE COMPANIES — INCCRPOEATED. 

§ 16. This act shall be deemed a public act in all courts 
of this state, and shall be in force from and after the twentj- 
tifth day of February, A. D. 1860. 

Approved February 19, 1869. 



In fu-ce March AN ACT to incorporate the St. Clair and Carondelet Bridge Company. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in. the General Assembly, That Gus- 

corporatorB. tave Kcerncr, John Gundlack, William Capp, Frederick 
Hill, Stephen W. Miies, G. L. Ditch, J. W. Drury, E. G. 
Afflack. W. B. Quigley, A. Downen, Lafayette Warreck, 
Philip Eckard, J. S. i3are;ert, I. 11. Wil?on, Thomas H. 
Burgess, M. T. Horine, Dryden Rogers, Charles Frick, A. 
Kcernor, George Gundlack, John M, McCutcheon, and 
their associates, successors and assigns, be and are hereby 
created a body corporate and politic, under tlie name and 

Name aud style. Style of "The St. Clair and Carondelet Bridge Company," 
tor the purpose of constructing and maintaining a toll 
bridge, from any point or place on the Mississippi river 
opposite that part of the county of St. Louis, in the state of 
Missouri, lying south of the present city limits of the city of 
St. Louis and north of Jefferson Barracks, in said county, 
to the western line of this state, with suitable approaches to 
such bridge, and all convenient appendages and structures 
for the same. The said corporation shall have j^ower to 
sue and be sued, plead and be impleaded, make and use a 
common seal, and the same to alter and renew at pleasure ; 
and such other powers, rights, privileges and immunities as 
may be necessary or useful for the pur|j(ises of this act : 
Exijcuded in Frovided, that there shall be at least tifty thousand dollars 

i8(i'j. expended in the construction of said bridge, during the 

vear 1869. 



Amount 
capital Block 



of § 2. The capital stock of said company shall be one 



mi 



illion dollars, divided into shares of one hundred dollars 



each ; which shall be issued and transferred in such man- 
ner and under such conditions as the directors of said com- 
pany shall, by the by-laws thereof, prescribe. The capital 
stock may be increased from time to time, as the stockhold- 
ers holding a majority of tlie shares of said stock may 
direct. 
Board of di- g 3. The Corporate powers of said company shall be 
vested in and exercised by a board of directors, consisting 
of not less than three nor more than thirteen persons, as 
the stockholders of said company may from time to time 
direct. The directors shall be chosen by the stockholders, 
at such time ^nd plane as may be fixed by the by-laws of 



BEIDGE COMPAMES — INCORPOEATED. 283 

said company, and shall hold their offices for one year and 
until their successors are elected and qualified. They shall vacaBdes, how 
elect one of their number president of said company, and 
may fill any vacancy in the said board occasioned by death, 
resignation or otherwise, for the remainder of the term of 
office so becoming vacant; and may make such rules, regu- 
lations and by-laws, and appoint such officers and servants, 
as they may from time to time deem expedient : Provided, 
that at least one-half of the directors shall bo residents of 
the state of Illinois. 

§ 4. The persons named in the first section of this act, open books for 
or a majority of them, are hereby authorized to open or ^" "^^'^ ^°'^' 
cause to be opened, subscription books, for the stock of said 
company, at such time and place, within or without this 
state, as they may think proper; and when three hundred 
thousand dollars shall be subscribed, the said corporators or 
any three of them may call a meeting of the stockholders, 
by giving ten days' notice, either b}^ publication in some 
newspaper published in St. Louis, or by personal notice to 
each of the stockholders, of the time and place of such 
meeting, and at the same time the stockholders may elect 
directors and transact any other business. Meetings of ^'^®?^'??, °^ 
stockholders may be held without as well as within this 
state, and may be called by the board of directors upon ten 
days' notice, as aforesaid. The president shall also have 
power, and it shall be his duty, to call a meeting of said 
stockholders, upon like notice, whenever requested eo to 
do, in writing, by any five stockholders ownino^, in the 
aggregate, not less than fifcy shares of said capital stock. 

§ 5. The said company may transport on said bridge, 
and approaches thereto, persons and property, by steam or 
otherwise, and may allow others so to do ; and said bridge 
and approaches may be used for every description of travel, 
passage and transportation, under such rules and regula- 
tions, and for such tolls, as the directors of the said eorpo- 
ration may prescribe. The said company may take, receive collect toUs. 
and collect such tolls, for travel, passage or transportation 
over said bridge an-d approaches, or either of them, or any 
part of either of them, as the directors may, from time to 
time, fix and establish : Provided, the rates charged for 
ordinary travel shall never exceed the rates prescribed in 
section five of an act entitled "An act to incorporate the 
Illinois and St. Louis Bridge Company," approved Feb- 
ruary .21, 1867. _ 

S 6. The said corporation shall have power to acquire May acqniie 

.•^? . ^ A ■"■ -• .1 , ^- r • 1 1 • 1 title to lanas. 

title to lands necessary for the construction of said bridge 
and approaches, and to take materials from lands in the 
vicinity, for the construction and maintainance thereof, and 
for such purposes, shall have and may exercise all the povr- 
ers, conferred by any of the laws of this state, for acquiring 
right of way for railroads, public roads or other public uses, 



Transport per- 
' sons and prop- 
erty. 



284 i;ridoe companies — incorporated. 

under which the said corporation may take and acquire 
property heretofore taken or accpiired for such uses, as well 

Rii,'ht of con- as other property. The said corporation shall have the 
yS.'"^ ^*''^~^ G'^clusive' right/ for twenty -live years, of constructing a 
bridge in the county of St. Clair, opposite that portion of 
the county of St. Louis, state of Missouri, in section one of 
this act specified, over so much of the Mississippi river as is 
within the jurisdiction of this state, and shall also have the 
right to protect the banks of the same so far as may l)e 
necessary to keep the channel within the opening of said 
bridge ; and, for that purpose, may take and acquire lands 

May take land i^Dd materials in the manner aforesaid: J^rovided, if tliQ 
asid matcriaif. ij^idge herein authorized is not commenced within two 
years, and completed within five years, this act shall be null 
and void. 

whomaytakc § ^- -^^^J railroad company, town, city or county shall 
stock. have power to take and subscribe for and to purchase and 

Jiold stock of said company, and may make such contracts 
and execute such securities, or other instruments, as said 
railroad companies, towns, cities and counties may, respect- 
ively, deem expedient, relative to such subscription or pur- 
chase, or to the construction or uses of said bridge. 

May consoii- § 8. The Said corporation may consolidate its property 
br1dV"%m5a- ^^^ franchises with the property and franchises of any 
°'^s. bridge company authorized, by the laws of the state of Mis- 

souri, to construct a bridge, so as to connect with the one 
herein authorized ; and, for that purpose, the said corpora- 
tion may make and execute all such agreements as it may 
deem expedient; and after such consohdation the corpora- 
tion created thereby shall have all the power herein 
granted. 

May borrow §9- Thc Said Corporation may borrow moucy, and issus 
boiufs!*"^'^^'"' ^^^ bonds or other evidences of indebtedness, bearing such 
rate of interest, and payable at such time or times and at 
such place or places, as its directors may think ])roper, and 
may secure such bonds or other indebtedness ])y mortgage 
or deed of trust of the property, tolls and franchises, in 
such manner as said directors may think tit ; and may sell 
such bonds or other evidences of indebtedness in such man- 
ner and at such price as said directoi-s may prescribe or 
agree upon. 

>,' 10. This act shall bo deemed a public act, and shall 
take ctfect from and after its passage. 
Approved March 29, 1869. 



ijKIDGE COMPANIES — NEW PEITILEGES. 285 

BRIDOE COMPANIES -NEW PRIVILEGES. 



AN ACT to amend an act entitled "An act to incorporate tlie Erie Bridge lu force June 
Company," approved February IGtli, 1865. in, IsGO. 

Section 1. Be it enacted hy the Peoj^le of the State of 
Illinois, reiwesented in the General AssemUij, That sec- ^ct amended, 
tion one of said act to incorporate said Erie Bridge Com- 
pany, approved February IGth, 1865, be and the same is 
hereby amended so as to strike out, from among the names 
of the incorporators therein mentioned, the names of Ralph 
Sage and William S. Thomas, respectively, and insert, iii 
lieu thereof, the names of James C. llubbart and Levi 
Fuller; and that section two of said act be and the same is soc. 2 amended, 
hereby amended, so that said James C. llubbart and Levi 
Fuller shall, hereafter, be and act as two of the commis- 
sioners, as in said act provided for, to open books for and 
receive subscriptions to the capital stock of said company, 
in lieu of said Ralph Sage and William S. Thomas, two of 
the commissioners designated in said section two of said 
act. 

§ 2. That section five of said act be amended, so that «ec.6.wnded. 
the time limited therein for the commencement of said 
bridge be and the same is hereby extended six years, and 
the time within which the same shall be completed, eight 
years, from and after the passage of this act. 

Approved March 27, 1869. 



AK ACT to amend an act entitled "An act for the construction of abridge I" "^^f 'jg^^g*'''"'' 
acroj.s Fox river, at Ottawa," approved February 23, 18G7. "'' 

Section 1. Be it enacted ly the Feojyle of the State ^ <>f 
Illinois, rejjresented in the General Assembly, That section 
four of the said act be stricken out. 

§ 2. That the following be substituted for section four 
thus stricken out, viz : Said bridge and embankments, 
when completed, shall be maintained and kept in repair by 
the commissioners of highways of the towns of Ottawa and 
Rutland. And said commissioners of highways shall to- 
gether constitute a joint board therefor. The amount neces- 
sary to keep said bridge in repair shall be reported by the 
board of commissioners mentioned in this section to said 
board of supervisors, and be levied and collected by said 



Substitute for 
section 4. 



286 BRIDGE COMPANIES — NEW PRIVILEGES. 

boai-i], as lieretofore mentioned, and be paid to and expend- 
ed by the board ot" commissioners in this section mentioned 
as the sum raised to construct the bridge was by the iirst 
named commissioners. 

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

Ajtroyed March 27, 1869. 



In force Feb. 19, AN ACT to authorize the towns of Ottawa, South Ottawa, Farm Riclge, 
'^''•'- Deer Park, Fall River and Grand Rapids, in LaSalle county, to purchase 

the Illinois river bridge, in the city of Ottawa. 

Section 1. Be it enacted hy the Feoj)le of the State of 
Illinois^ represented in the General Assemlly, That there 

Town meet in;;', shall be held a special town meeting in each of said towns 
of Ottawa, South Ottawa, Farm Ridge, Deer Park, Fall 
River and Grand Rapids at the places where the last town 
meetings were holdeu in said towns, on Monday, the 1st 
day of March, A. D. 1869, at which meeting the question 
whether or not each of said towns is willing to purchase 
the Illinois river bridge of the Illinois River Bridge Com- 
pany, as provided in tliis act, shall be submitted to the 
suLmittrd to legal voters of said towns, respectively. The votes shall be 

legal voter.. ^yy Ixillot, aud the ballots shall be " For the purchase of the 
Illinois river bridge," and "Against the purcliase of the 
Illinois river bridge." If a majority of all tha votes cast in 
each town shall be for the purchase of said bridge, such 
town thus voting shall be bound to assist in the purchase 
and maintenance of said bridge, under the ])rovisions of this 

Purchase bridge act. And if any of said towns, except Ottawa, shall refuse, 
at said special town meeting, to juin in the purchase, the 
remainder of said towns that shall have voted to buy the 
bridge shall proceed to buy the same, as hereinafter men- 
tioned, and the portion of the purchase money herein allot- 
ted to such towns voting against the purchase shall be 
allotted to and apportioned to the other towns in proportion 
to the several sums to them in this act apportioned : Pro- 
when act iu- vided^ that if the town of Ottawa shall refuse to join in said 

operative. purchase, then and in that case this act shall be inoperative 

as to each of the other towns mentioned in this act. 

Supervisors of g 2. Tlio Supervisors of the towns votincr for the pur- 
towns anthonz- , d • \ ^ ■ ^ ^ ,i • , " . ,.-^ , 

ed to purchase chasc 01 Said bridge, ana the assistant supervisor of the 
biKige. town of Ottawa, or a majority of them, are hereby empow- 

ered and authorized to purchase of the Illinois River Biidge 
Company their bridge and approaches and appurtenances 
thereto, at any sum not exceeding the sum of forty-four 
thousand two hundred dollars ; and the supervisors and 



BRIDGE COMPANIES — NEW PRIVILEGES. 287 

town clerk of each of said towns shall issue the bonds of 
said towns for the payment of the share of each town ac- 
cording to the apportionment herein made, drawing interest 
at a rate not exceeding ten per cent, per annum, in such 
sums and to such persons as they may see fit, payable at 
such times, not exceeding three years after the date tliere- 
of, as the supervisors of said towns, or a majority of the 
same acting in their corporate capacity, as hereinafter pro- 
vided, may determine. 

§ 3. The said towns shall pay for said bridge in the How paid, 
following proportion, viz : Ottawa, twenty-six thousand 
two hundred dollars ; South Ottawa, five thousand doHars ; 
Farm Eidge, five thousand dollars; Deer Park, three thou- 
sand dollars; Grand Kapids, three thousand dohars; and 
Fall Eiver, two thousand dollars, subject to the apportion- 
ments mentioned in the first section. 

§ i. Upon the conchision of the purchase of said bridge, Asseesmems^ 
the supervisors of said towns, or a majority of them, shall bdc^^e^"^^" 
certify to the county clerk of LaSalle county the amount 
that each of said towns is required to pay, and the board of 
supervisors of said county shall, at the first meeting after 
said certificate is filed, order the said respective amounts to 
be collected from said towns in the same manner as state 
and county taxes are collected, according to the assessed 
value of property ; and the county clerk shall extend such 
tax upon the collector's books the same as other taxes ; and 
the total amount for the payment of said purchase shall, be 
assessed and collected in one year, unless the board of su- 
pervisors shall deem it proper to order said amount to be 
collected in one, two and three years. 

§ 5. In order to secure the purchase of said bridge, and Towns may 
for its maintenance, any town in LaSalle county is autlior- ^°^^ ^^^' 
ized to vote a tax for that purpose, at any regular or special 
town meeting, in the same manner as provided by the gene- 
ral laws of the state for voting for road and bridge taxes ; 
and such amount shall be applied in payment for said 
bridge, or for its maintenance, as occasion may require. 

§ 6. The supervisors of the towns voting to buy said supervisors 
bridge are hereby created a body corporate, by the name corporate;'"^"^ 
and style of "The Illinois River Bridge Commissioners," ^ame and style 
and by that name may sue and be sued, plead and be im- 
pleaded. The said corporation shall have two officers, viz : 
a president and secretary, who shall be chosen annually by 
a majority vote of the supervisors composing said corpora- 
tion. The said corporation shall, as soon as said bridge r omcera chosen 
shall be purchased, take charge of the same, keep in repair annually, 
and maintain the same ; and for that purpose may appoint 
any agent it may deem necessary. The said corporation 
shall hold its meetings in Ottawa, and keep a record of its 
proceedings. All questions shall be decided by a majority 



288 BRIDGE COMPANIES — NEW PRIVILEGES. 

vote of said supervisors and assistant supervisor of the towu 
of Ottawa. 
Moneys to be ^ 7. All monejs collected under this act shall be drawn 

u-Sut"'"^'^ ^^^^11 ^^^ county treasury by orders of said corporation, 
which orders shall be signed by the president and counter- 
signed by the secretary. Snch orders shall s])ecify the pur- 
pose for which the money is to be paid and the name of the 
person to whom paid. 

Repair briUi^'e. § S. The Said Corporation shall annually certify to tlio 
county clerk of LaSal'e county the amount of money neces- 
sary to keep said bridge in repair, and to maintain the 
same, and to rebuild the same whenever occasion may re- 

TowTie to make quire ; and the board of supervisors of said county shall 

paymlnt°8°'*'^ order the county clerk to apportion said amount among said 
towns voting for the purchase of said bridge, and such other 
towns as said board of supervisors deem interested in said 
bridge, and in amounts proportioned to their interests, ac- 
cording to the assessed value of property of said towns as 
shown by the assessment roll of the year previous to the 
tiling of said certificate ; and the said amounts shall be ex- 
tended on the collector's books and collected in the same 
manner as state and county taxes are collected : Provided^ 
that any of said towns may apply to the board of supervi- 
sors for relief from a part or the whole of such assessment, 
and the board of supervisors may abate any part of said 
assessment or defer the collection for a reasonable time if 
they find that justice and policy require it. 
Brid-e to be % ^' The Said bridge, after it shall have been purchased 

pubiichighway. j^g j^erein provided, shall become a pul)lic highway for all 
persons to use for travel without charge ; and the right of 
the Illinois lliver Bridge Company, under their charter and 
amendments, shall cease upon the payment of the same by 
bonds or otherwise. 
When bridge § 10. Should the Illinois lliver Bridge Company, for 

tS^^ "'''''*^ ally reason, refuse to sell their bridge fur the sum before 
mentioned, then and in that case the corporation formed by 
this act shall have power to levy the respective sums ap- 
portioned to each of the towns named in this act in the 

Newbridge. manner before described, and with the money so raised 
i)uild or cause to be built a bridge across the Illinois river, 
at any point within the corporate limits of the city of Ot- 
tawa that maj'^ be selected by said corporation ; which 
bridge, when completed, shall be used, mamtained and kei)t 
in repair as before provided in case of the purchase of the 
Illintds rivcK bridge. 

§ 11. This act is hereby declared to be a public act and 
shall take efi'ect from and atter its passage. 
Approved February 19, IS 09. 



BRIDGE COMPANIES — NEW PEIVILEGES. 289 



AN ACT to anieud an act entitled "An act to erect a toll bridge across the In force April 
Kaskaskia river," approved March 30th, A. D. ISe'o. 1», ISCO. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That the stP°fc^a?OTn!|jl 
name of David W. Halbert be stricken from said bill and ijert. 
tlie name of Charles Donebach be inserted in lieu thereof, 
and that he be entitled to enjoy all the rights and privileges 
granted by said bill, the same as if originally in the same. 

§ 2. This act to be in force from and, after its pai^sage. 

Appkoyed April 19, 18G9. 



AN ACT to reorganize the Vincennes Draw Bridge Company, and to establic^li In force March 
and define its power and privileges, and to enable it to erect a toll gate, "^y l^"'^- 
and to fix and collect rates of toll. 

Section 1. Be it enacted by the People of the State of 
Illinois^ rejrreseyited in the General Assembly^ That the Erect toii-aics 
Vincennes Draw Bridge Company, whose hridge is built ^"'^ '^'^"^'^^^■ 
across the Wabash river at a point in Lawrence county in 
the state of Illinois, opposite Yincennes in the state of In- 
diana, be and is hereby authorized and empowered to erect 
and maintain a toll-house and toll-gate at or near the west 
end of said bridge in said Lawrence county, and that said Fix rate? or toil, 
company is also authorized and empowered to fix and estab- 
lish, from time to time, the rates of toll which said company 
may demand and receive for the passage of all persons, 
wagons, carts, carriages, horses, cattle, sheep, hogs and other 
property, and make and establish all necessary and proper 
rules relating to the passage across said bridge of persons, 
vehicles and animals ; but such rates of fare or toll shall not 
exceed the following, to-wit: For a four-horse mule or 
ox team, wagon, sled or cart, 50 cents ; for a two-horse 
mule or ox team, wagon, sled or cart, 35 cents; for a single 
horse or mule wagon, dray, cart, buggy or sleigh, 25 cems; 
for each additional horse or mule attached, 10 cents ; for 
each person and horse or mule, 15 cents ; for each person 
on foot, 5 cents ; for cattle, horses, asses or mules, 10 cents ; 
for hogs, sheep or calves per head, 5 cents ; and in similar 
proportion tor all other kinds of conveyance or animals. 

§ 2. Said company shall cause to be posted up in some 
conspicuous place on said bridge and in the toll-house, a iio^^po*ste"^°' 
painted, printed or written list of the rates of toll chargeable 
at said bridge for passing the same ; and any person failing 
or refusing to pay such rates of toll as shall be fixed upon 
and properly chargeable for crossing said bridge, not exceed- 

—37 



290 



BUILDING COMPANIES. 



Willful viola- ing the rate herein before allowed and permitted to be 
ishedf. ^°^ ^'^" charged, and every person who shall wilfully violate any of 
the rules or by-laws that said company may enact and es- 
tablish : {Fromded^ the same shall be consistent with the 
laws of this state and of the United States, relatinfj; to the 
crossing of said bridge,) shall, for each offense, forfeit and 
pay to said company a sum not to exceed twenty dollars, 
to be recovered in a cinl action before any justice of the 
peace of said Lawrence county. 
Exclusive right § 3. Said Company shall, for the period of thirty years 
for tiiirty years £^.qq^ ^^^^ after the passage of this act, have the exclusive 
right to operate and maintain a bridge or ferry across said 
Wabash river at the point where said bridge is now located, 
and fur a distance of tiiree miles above and below said point: 
RaUroad bridge. Provided^ that nothing in this act shall be so construed 
as to prevent or exclude any railroad company from main- 
taining or operating any railroad bridge which is now built 
or may hereafter be built within said limits, and which is 
used exclusively for railroad purposes. 
Taxation. § 4. The Said bridge and its approaches and appurte- 

nances belonging to said company are hereby declared to be 
personal propei-ty, and shall so be deemed, and shall be 
subject to taxation as sucli, and shall be subject to all the 
laws of this state as personal property. 
Process. g 5^ jj^ ^jl g^^[^g q^. actious at law or in equity which 

may be brought against said company, process may be 
served on said company by service thereof on the president 
<)r secretary thereof, or the agent of said company for col- 
lecting tolls. Nothing in this act shall be construed so as 
to release said company from any liability or indebtedness. 
§ 6. This act shall be deemed a public act, and shall take 
effect and be in force from and after its passage. 
Ai'i'KovED March 30, 1869. 



BUILDING COMPANIES - INCORPORATED. 



^^ 1W869^^^'' ^^ ^^^'^ ^" incorporate the IJhie Ishuid Land and I3i;ildiiig Ocmpany. 

Sec'J'ion 1, Be it enacted hy the Feojyle of the State of 
Illinois^ represented in the General Assembly^ That Charles 
Corporators. \, Dyer, L. P. HilHurd, Thomas S. Dobbins, Chailes W. 
Weston, John F. Tracy, John B. Lyon, Charles XL Walker, 
James Milliken, Frederick H. Winston, and their associ- 
ates, assigns and successors, be and they are hereby crea- 
ted a body politic and corporate, by the name and style of 



BUILDING COMPANIES. 291 

"The Blue Island Land and Building Company," for the Nameandstyie. 
purpose of laying out a town in the townships of Lake, 
Calumet and Worth, or either of them, in the county of 
Cook, and buying, improving and selling land and town 
lofs in said town, and in the townships of Lake, Worth and 
Calumet, and in tlie county of Cook ; and by that name 
shall have succession for and during the term of twenty 
years from and after the passage of this act, and be capable 
in law and equity of suing and being sued, pleading and 
being impleaded, to contract and be contracted with, to 
adopt and use a common seal and alterthe same at pleas- 
ure ; to take by purchase, gift, gi-ant, contract or devise, and 
hold, improve and sell real estate and personal property. 

§ 2. The capital stock of said company shall l)e two Amount of 
hundred and lifty tiiousaud dollars, which shall be divided '^^^^^^ ^^°^ ' 
into shares of one hundred dollars each. Tlie capital stock 
may be increased to five hundred thousand dollars by a 
vote of two-thirds of the stock at any regular or called meet- 
ing of the stockholders. 

§ S. The said corporators may manage the affairs of ^^^^t"''''- 
said company until a board of directors is elected as here- 
inafter provided, and until such election shall be the direc- 
tors of said company. 

§ 4. When one hundred and fifty thousand dollars of oj^^g^g'^'"'* °^ 
the capital stock is subscribed, the subscribers shall proceed 
to elect a board of not less than five nor more than nine 
directors, who shall have the power to elect their own presi- 
dent and other otficers, and who shall hold their office for 
one year and until their successors shall be elected. The 
directors shall have power to fill vacancies in their board. 

§ 5. Said corporation shall have power to make by- J^g.'Ju^^^'t™^!^ 
laws, not inconsistent with the constitution and laws of this 
state or the United States, fixing the time and manner of 
holding meetings of stockholders and elections ; defining 
the duties of its officers and servants ; defining the manner 
of making calls upon the capital stock and regulating the 
transfer thereof, and the penalties for the non-payment of 
the same; and shall have the right and power to exchange 
with its stockholders the lands of said company for its capi- 
tal stock, upon such terms and such prices as may, from 
time to time, be fixed by its board of directors and agreed 
upon by its said stockholders; and may also issue and ex- Mayi?sueaud 
change such stock for lands with such parties as may agree ^^'^'^^"ses o 
so to do — such capital stock not to be increased, however, 
without consent of the stockholders as before provided, and 
in no event to exceed the sum of five hundred thousand 
dollars as hereinbefore fixed ; and generally shall have pow- 
er to manage its aflairs in such manner as to carry out the 
objects of this incorporation, and to promote the interests 
of its stockholders. 



When net to 
2 void. 



BtTILDIXe COMPANIES. 

§ G. Tliis act to take cfiVct and he in ibrce from and 
after its passage, but to be void and of no effect unless said 
company eliall be organized thereunder within six months 
from the passage thereof. 

In force April 15, 1869. 

I. Edwaei) Ktoimel, Secretary of State, do herehv ccrlifv that the forecoinij act of 
the Twenty-sixth General Aseemblvcif the State of Illiuolswfis fiJcd iu the ofllcc of the 
Secretary of State^ April 15, 3S(;9, witliout the sipiatiire of the Governor, but, by virtue 
of Section 21, Article IV, of the (.'onf^tituiion of this State, the Fame is now declared a 
law, having been retained over leu clays by the Governor after its receiition. 

EDWAliD KUiAlMEL, Hec'y of State. 



In force March 
29, 180U. 



AN ACT to incorporate tlic Franklin llonio Euilding Coiupany. 



Organization. 



Section 1. Be it enacted hy the Ptople of the Slate of 
Illinois^ represented in the General Assembly, As follows : 
A company is hereby created, called " The Franklin Home 
Building Company," which shall constitute and is hereby 
constituted a body corporate and politic, and by the name 
aforesaid shall have perpetual succession ; may be sued and 
sue ; may plead and be impleaded ; defend and be defend- 
ed against, in all courts and places whatever ; with full 
])ov/er and authority, by that name, to contract and be con- 
tracted with; to acquire, hold and possess, use and enjoy, 
and the same to sell and convey and dispose of all such 
real estate as is or may be necessary for the use of this cor- 
poration, or as may be deemed by the directors thereof 
])roper and expedient to carry on the business and accom- 
plish the object of this corporation or for the promotion of 
its interests ; and may make, ordain and put into execution 
such by-laws, rules and regulations, not repugnant to the 
constitution of this state or of the United States, as shall 
i)e proper and necessary to carry into effect tlie provisions 
of this act and to attain and to accomplish efficiently the 
object of this company ; and may have a common seal, and 
may alter or change tlie same at pleasure. 

Tlie object of this company shall be to purchase 

real estate and erect buildings on the same — that is, for 

every sJiare one building. 

Amount of § 3. The stock of this company shall consist of fifty 

^ '""^^" shares, but may be increased by the board of directors to 

any number not exceeding one thousand shares. 

Minors may g 4. Females and minors may hold stock in this com- 

hold Etock. I i. i. 1 ,. ii ' 

pany by trustees, and not otherwise, 
stock to be § 5. The stock of this company shall be perdonal prop- 
Sfpro^er^tyf^""" ^rty, and shall be assignable and transferable according to 
such rules and regulations as the board of directors shall, 
from time to time, make and establish. 



corporation. 



BUILDING COMPANIES. 293 

§ G. Each stockholder or trustee of this coinpauy shall stockholders 
be entitled to one vote for. each share of stock he holds in i%l^^ ^"^^^' 
this company; bnt to enable a transferee of stock to vote, 
the transfer of such stock must have been recorded on the 
books of the company at least three months before the 
election ; and in no case is a stockholder entitled to vote 
unless he has paid up all arrearages. 

§ 7. The alfairs of this company shall be managed by Roani of di- 
a board of nine directors, whose term of office shall be ^^^ '^'*'" 
three years and until their successors are duly elected and 
qualified. The first board of directors' shall divide them- 
selves, by lot, into three classes of equal number each, the 
the term of whose services shall, respectively, expire as 
follows : The first class in one year ; the second class in 
two years, and the third chiss in three years. If a vacancy 
should occur in said board by removal from the state, ceas- 
ing to be a stockholder, dying, or refusing to act for the 
period of three months successively, or by resignation, the 
directors, or a majority of them present at any monthly 
meeting, shall choose another director to fill such vacancy, 
who shall remainln office until the next general election, at 
which his successor may be chosen. 

§ 8. The directors shall elect a president and vice-presi- o/oKs"^*'"" 
dent from their own number, and shall appoint a secretary, 
treasurer, superintendent, and such other agents and assist- 
ants to aid in the businees of the company; and to fix, al- 
low and pay, out of the funds of the company, the officers, 
agents and servants of this company, such wages, salaries 
and compensation as they think proper and reasonable. 

§ 0. All elections shall be by ballot, and the name and Elections. 
number of shares of each stockholder shall be indorsed on 
his ballot ; those persons receiving the highest number of 
votes shall be declared elected ; and in the event of a tie 
betv/een two persons, the remaining members of the b<^ard 
shall, by resolution, decide who shall serve. 

§ 10. All officers and directors of this company must n,4" be"^8To'^c'k- 
be stockholders, and their duties shall be prescribed and es- ^l"i<iel•^<. 
tablished by the by-laws. 

§ 11. Each and every stockholder, for each and every Entrance fee. 
share of stock that he or they hold in this company, shall 
pay the sum of five dollars as entrance fee, and the sum of 
five dollars every month thereafter, on a day to be fixed 
by the board of directors, to the secretary, or such other 
person or persons as shall, from time to time, by the laws 
and regulations of the company, be authorized to receive 
the same, until as many houses have been erected by the 
company as shares have been subscribed. 

§ 12. Whenever the funds in the treasury shall war- ,^fj''';^'^;"''^^'/eet 
rant, the directors shall purchase lots of ground and cause buildings. 
a building to bo erected on each, which, as soon as com- 
pleted or some time before its completion, shall be adver- 



294: EUILDING COMPANIES. 

tised for rent to any one of the stockholders who will })ay 
the highest uiojtlily rent for the same: Provided, hoioever^ 
that no house shall be rented for less that ten per cent, in- 
terest on the original cost, and to no other pi'rson than a 
stockholder of this company. The successful bidder shall 
receive a deed for said house and lot, and the same shall be 
Deeds of irnst. ]iis proj)erty: Provided, he pays his monthly installment 
and rent until the dissulution of this company, and as a se- 
curity of which payments he shall be required to execute a 
deed of trust on said house and lot to the company ; and, 
also, keep the same insured and in good repair at his own 
expense, and pay all taxes and assessments lawfully as- 
sessed on and demanded of the same; and the directors 
may, in their discretion, cause a dwelling house to be 
erected for any stockholder in said company on unincum- 
bered ground belonging to such stockholder or to the com- 
Erect buiidinM pauy and for his use : Provided, that such stockiiolder shall 
and^paymonihy ^^,3^,^ j-^ (.j^g Company, in such manner as the directors may 
require, a monthly rent of such house, which shall n-it be less 
than ten per cent, interest per annum on the original cost of 
said house and the valuation of the lot on which said house 
shall be erected. And said directors may also purchase 
from any stockholder of the company, or from any other 
person, any lot with the buildings and improvemeuts on 
the same, and may convey the same to any stockholder 
upon his securing to the company, in such manner as the 
directors may require, a monthly rent for the same which 
shall not be less than ten per cent, interest per annum on 
the amount paid by said company for or on account of such 
lot, building, and improvements on the same; and such 
lots shall, thereafter, be held and treated as if the build- 
ings and improvements on the same had been erected by 
stockh idors tliis Company. No stockholder who is in arrear with his 
to pay HI lull. D^Qjithly installment can purchase a house until he has paid 
all demands due against him ; and if any house, when 
'completed, is not taken by any of the stockholders, it may 
be rented to outsiders or conveyed to them as the board of 
directors may think pro))er. 
When company § 13. When as many houses have been built by the 
ne8sf^°^° ''°^^* company as shares have been subscribed, and each and 
every stockholder has received as many houses as he holds 
shares, the company shall terminate and close. The true 
value of each share shall, after deducting all expenses, be 
credited to the accounts of the respective stockholders, and 
as not all the houses will be or can be of an equal value, 
and each one having been charged to the account of the 
respective stockholders, the difference thus appearing be- 
tween the value of the house smd the value of the shares 
shall be equalized by cash, as the case may require, and 
the property be released. 



BUILDING COMPANIES. 295 

§ 1-i. A misnomer of this company in any deed, gift, a misnomer 
grant, contract, conveyance, or other instrument, shall not °°'^*°"^^''^'''^'*'° 
vitiate or vacate the same, if the company shall be suffi- 
ciently described therein or referred to with sufficient dis- 
tinctness to ascertain the intention of the parties. 

§ 15. The board of directors shall have the power to stockholders 
purchase, for the benefit of said company, at such rates as ^'^^'^'■'^^^• 
said board may determine, the share or shares of any stock- 
holder desirous of withdrawing from said company. But 
no share of stock so acquired by said company or of wliich 
said company may become possessed by forfeiture or other- 
wise, shall be again reissued or sold, but the same shall be 
immediately canceled. 

§ 16. On the second Monday in January, in each year, Eieciiou of 
between the hours of ten in the forenoon and three in the 
afternoon, at the office of this company, in the city of Eat-t 
St. Louis, an election for directors, whose term of office has 
expired, shall be held, to serve for the terii. of three years 
and until their successors shall be duly elected. A writ- 
ten or printed notice of such election shall be given to each 
stockholder personally, or through the postotiice, at least 
ten days before the election ; and if from any cause the 
election cannot be held on said day, it may be held on any 
other day to be appointed by the board. 

§ IT. Charles Rantenburg, Henry Oebiki, John Trend- openbookafor 
ley, Henry Schall, Christian Buepe, Benedict Franz and «"^s"-'p«oi>. 
John B. Livingston, or any three of them, shall, within 
three months next after the passage of this act, open books 
of subscription for shares in the corporation hereby created ; 
and as soon as fifty shares are subscribed and five dol- 
lars entrance fee, per share, paid thereon to the parties 
opening and holding the subscription books, respectively, 
notice shall be given to the stockholders, by publication in First meeiins- 
some newspaper published in East St. Louis, appointing a 
time and place for the first meeting of the stockholders 
and the election of the first board of directors ; such notice 
may be given by any three of the above named persons 
and shall be given not less than ten nor more than fourteen 
days previous to the day of meeting. The entrance fees re- 
ceived by the said persons obtaining the subscription afore- 
said shall, at once, after the election of said first board of 
directors, be paid over to them — said directors. 

[§ 18.] This act is declared a public act, shall be con- 
strued liberally for the purposes therein expressed, and be 
in torce from and after its passage. 

Approved March 29, 1869. 



296 BUILDING COMPANIES. 

In force March AN AOT to incorporate the Northwestern Construction Conipanv. 

23, ISfiO. 

Section 1. Be it enacted hy the Peojjle of the State of 
Illinois, rep'cmnted in the General Assembly, That sucli 

corporators, pei'soiis as shall becomc subscribers to the stock of the cor- 
])(iration hereby created, their successors and assigns, shall 
be and are liereby created a body poHtic and corporate, by 

Namcand style, the uamc of "The Northwestern Construction Company," 

with all the powers necessary to carry out and effectuate 

Objects of the the objects of said corporation, including the power to buy 

corporation. ^^^^ ^^j^ ^.^^1 estatc and personal property to such an extent 
only as may be necessary for the economical transaction of 
its business, as herein set forth, and with power to make 
loans and secure the same by bond or otherwise ; to sue and 
l)e sued ; contract and be contracted with ; to have and use 
u common seal ; and to use and exercise such other powers 
incident to a corporation as are rerjuisite and. necessary to 
carry out the objects of said corporation, as herein set forth. 
The chief office of said company shall be in the city of 
Chicago. 

Further objects. g 3^ r^]^Q objccts of Said Corporation shall be the con- 
struction of railroads, canals, harbors, bridges, tunnels, and 
works of that character, including the construction of ma- 
chinery, shops, mills, vessels, and all other efficient means 
necessaiy to carry on and complete such works ; but nothing 
in this act shall be construed so as to invest said comi)any 
witli power to do the business of banking. Each stock- 
holder shall be individually liable for the debts of said com- 
])any to the amount of his stock therein, and said company 
shall organize within two years from and after the passage 
of this act, or this act shall be null and void. 
Amount of s 3. The capital stock of said company shall be live 

capital Block. , " i i ,, ^ 1 1 n •^^ j • ..i 

hundred thousand dollars, with power to increase the same 
to one million dollars, to be paid for in the manner which 
may be prescribed by the by-laws which may be adopted 
by said company, it being expressly provided that the by- 
laws of said company must not be inconsistent with the laws 
of this state or of the United States. The stock of said 
company shall be divided into shares of one hundred dol- 
lars each, which shall be deemed personal property, and be 
transferable on the books of said company, according to the 
by-laws ado])ted by said company. 
Open books ' s 4^ William F. Coolbaugh, John M. Corse and William 

for subscription „<^,, , , , ■ \ 1 • • i. 

P. Howard are hereby appointed commissioners to open 
books of subscription to the capital stock of said company, 
and shall at the same time designate a time and place for the 
first election of directors of said company by parties sub- 
scribing to the stock thereof, and each share of stock so sub- 
scribed for shall be entitled to one vote, and thereafter ward 
stock shall be subscribed and paid for as provided in the by- 
laws of said company. 



BUILDING COMPANIES. 297 



board of directors, at least five in number, who shall be tml 
stockholders elected by the stockholders after the first elec- 
tion, at such time and in such mannoT as the by-laws of such 
company shall prescribe, and hold their offices until their 
successors are elected. They shall have and exercise all the 
powers hereby conferred on said corporation, and may elect 
such officers and appoint such agents and make such by- 
laws, rules and regulations, for carrying into effect the 
objects of this act, as they may deem expedient, with power 
to fill all vacancies. 

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

Approved March 25. 1869i 



AN A.CT to incorporate the Union Buildinsr Association. lu force April 

^ ^ », 1809. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General AssemUy^ That Wil- corporato.8. 
liam F. Coolbaugh, Calvin T. Wheeler, Daniel Thompson, 
John V. Farwell, Heman G. Powers and Albert A. Muu- 
ger, and all such persons as shall become stockholders in 
the company hereby incorporated, and their successors, are 
hereby constituted and created a body corporate and politic, 
under the name of ''The Union Building Association," and Name and style, 
by such name shall -have perpetual succession ; shall be 
capable in law to contract and be contracted with, sue and 
be sued, implead and be impleaded in all courts of compe- 
tent jurisdiction ; may have and use a common seal, and 
alter the same atj^leasure; and have and enjoy all the pow- 
ers and authority incident to corporations, tor the carrying 
out of the object of said association. 

§ 2. The capital stock of said corporation shall not ex- j^^!'"^ *'"'"'''^' 
ceed three hundred thousand dollars, and the amount may ' 
be determined and increased or diminished from time to 
time, within that limit, by the board of directors thereof. 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 may direct. 

§ 3. The obiect of said association is hereby declared to object? of the 

, ", • •.• 1 IT • • ,. corporation. 

be the acquisition, care, use, rental and disposition ol a cer- 
tain building erected on the southwest corner of Washing- 
ton and LaSalle streets, in the city of Chicago, and known 
as the " Union Building," and of the real estate whereon 
said building stands, or of the lease thereof; and said asso- 
ciation is hereby given full power to carry out said object, 
and to purchase or in any manner acquire, receive, take 
—38 



298 BUILDING COMPANIES — NEW PRIVILEGES. 

and liold, lease, use, rent or sell said building, and the said 
real estate, or the lease thereof; and in the nse, rental or 
disposition of said property, to receive, take, hold, invest 
and divide all money, credits and effects arising therefrom. 
Corporate pow- § 4. AH the Corporate powers of said corporation shall 

ers vested m , ^ , . r . 1 i ,. t ^ i , 

board of direc- DC vestcd in and exerciscd by a board ot airectors,and such 
^°''^" officers as they may elect from their own number, and they 

may appoint such servants and agents, and make and adopt, 
change, alter or amend such by-laws, rules and regulations, 
as they may deem expedient for the government of said 
corporation, the management of its afftxirs, and the further- 
ance and obtainment of the oltject thereof. The board of 
directors shall consist, for the first year after the corporation 
is organized, of the persons named in the first section hereof, 
and thereafter of not less than four nor more than six stock- 
holders, who shall be chosen each and every year by the 
stockholders, at such time and in such manner as the said 
Term of office. Corporation shall prescribe by its by-laws. The said direc- 
tors shall hold their offices until their successors are elected 
and qualified, and may fill any vacancies which may occur 
in the board by death, resignation or otherwise. 

§ 5. This act shall be a pu])lic act, and as such noticed 
in the courts, and shall take effect and be in force from and 
after its passage. 

Approved April 9. 1869. 



BUILDING COxAIPANIES— NEW PRIVILEGES. 



In force April AX ACT supplemental to au act entitled "An aet to incorporate tlie Blue 
IS, 1^69. Island Land and Building Company.'" 

Section 1. Be it enacted hy the Peoj)Je of the State of 

Illinois^ rejrreseiited in the General AssemlAy, That the 

Supplementary amouut of land to bc hereafter owned by the company above 

^'^^' entitled shall not exceed at any one time the number of 

acres now owned by the cori)orators in said bill named, in 

the towns of Calumet and AVorth, in said county of Cook. 

§ 2. This act shall be a public act, and shall be in force 

from and after its passage. 

In force April 15, 1869. 

I, Edwaed RtrMMFi., Secretary of State, do hereby certify that the foregoing act of 
the Twenty-sixth General Assembly of the State of Illinois was tiled in the office of the 
Secretary of State, April 15, ]8!19, without the signature of the Governor, but. by virtue 
of Section 21, Article IV, of the Constitution of this State, the same is now declared a 
law, havinjr been retained over ten days by the Governor after its reception. 

EDWARD RUMilEL, Sec'y of State. 



CEMETERIES — INCOKPOKATED. 290 

CEMETERIES -INCORPORATED. 

AX ACT to incorporate the Big Rock Cemeter}' Association. j , March 

Section 1. J^e it enacted by the Feo-ple of the State of 
Illinois, rejyresented in the General Assembly, That Thomas cornoratora 
Meredith, Truman "Wagner, Peleg S. Winslow, George W. 
Severance, and Plenry Maltbj, and their associates and suc- 
cessors, be and they are hereby coustitiited a body politic 
and corporate, by the name and style of "The Big Rock xameaud style 
Cemetery Association," and by that name shall have per- 
petual succession, and shall have all the powers, rights and 
privileges, liabilities and immunities, incident to a corporate 
body. 

§ 2. Said association shall have power to own real Eeai estate cx- 
estate, not exceeding ten acres, which shall be exempt from ^.™p'^ f'^o'" ' '^»- 
taxation, and from attachment and execution. 

§ 3. The object of said association shall be, exclusively, omament 
to acquire, lay out, inclose, ornament and maintain, a plat grouucb. 
of ground, to be used as a burial place for the dead. 

§ 4. Said association shall have power to lay out the Mayseiiiot?. 
burial place into lots of suitable size, and sell the same ; 
purchasers of which shall use the same as herein contem- 
plated, and for no other purpose. 

§ 5. The proceeds of such sales, and other funds which Proceeds of 
may belong to the association, shall be appropriated and ^^j^-^ '^"^'^ ^P" 
used in purchasing and laying out the grounds, and in im- 
proving and ornamenting the same, or in other objects con- 
nected with the association. 

§ 6. The owners of lots in the cemetery shall, on the Election of 
first Saturday of March, next, elect three trustees, who shall '•''^s^®^^- 
be owners of lots in the cemetery, who shall hold their offi- 
ces for one year, and until their successors are elected ; but 
at any time, any neglect to elect officers on said day shall not 
work a forfeiture of said corporation. 

§ 7. Every owner of one or more lots shall be a mem- vote of mem- 
ber of said corporation, and shall be entitled to one vote only. ''®'®' 
Absent members may vote by proxy. 

§ 8. The trustees shall appoint one of their number Appointmeut 
to act as president, one as secretary, and one as treasurer, of oiscers. 
Said trustees shall also liave power to appoint a sexton, and 
such other officers as may be necessary. 

§ 9. Said corporation shall have power to establish and Duties of om- 
change by-laws and rules and regulations for their govern- ^^"' 
ment, and the direction of their officers, prescribe their du- 
ties, and the management of its property and affairs. 

§ 10. The right of property to any lot or lots which may New certificate 
be purchased, shall be vested by certificate signed by the ^^^ 
secretary, and recorded in a book kept by the secretary for 



300 CEMETERIES — INCOKPORATED. 

that purpose ; and every transfer of such lots shall be made 
by surrendering such certiticate to the secretary, who shall 
issue a new one in lieu thereof. 

§ 11, This act shall take efi'ect from and after its pas- 

Approved March 30, 18G9. 



In force March AN ACT to incorporate the Blooming Grove Cemetery Association. 
80, 1869. 

Section 1. Be it enacted hj the Feojyle of the State of 
Illinois^ represented in the General AssemUy^ That Plenry 

Corporators. Eichmoud, Moses Berry, Samuel 13erry, Lemuel D. Wash- 
burn and Robert Boyce, and their associates, in the county 
of Montgomery, and their successors, be and they are 
hereby constituted a body corporate and politic, by the 

Nameand style, name and style of "Blooming Grove Cemetery Associa- 
tion," of Butler, Montgomery county, and by that name to 
have perpetual succession, and shall have and possess and 
be invested with alltiie powers, rights, privileges and immu- 
nities incident to a corporate body. 
Real estate exc § ^- Said association shall have povv'er to own and pos- 

empt from taxa- gpss real estate, not exceeding twenty acres, which shall be 
exempt from taxation, attachment and execution. 
Objects of the § 3- The objccts of said association shall be, exclusively 

corporation. j^j^,^ solcly, to lay out and inclose and ornament a plat or 
piece of ground, not exceeding twenty acres, as aforesaid, 
to be used as a burial place. 
Trusieea and § 4. The othcers of this associatlon shall be a president, 

officers. ^ treasurer, who shall act as secretary, a superintendent 

and two trustees, who shall be chosen by ballot on the first 
Monday of April, next, and biennially thereafter, and shall 
hold their othces until their successors are elected. Any 
neglect to choose officers on the day fixed upon by this act, 
shall not operate as a forfeiture of tuis act of incorporation. 
Siie of burial § 5. Said association shall have power to lay out said 

*°*^^' burial place, into lots of suitable size for family burial 

apartments, and sell and convey the same by a certificate 
of purchase, signed by the president and countersigned by 
the secretary; and every certificate of sale or transfer shall 
be recorded by the secretary, in a book to be kept by him 
for that purpose. 
Proceeds of § 0. The procecds arising from the sale of said lots 

plied. ^'''' ^''" ^^^^^ ^® P''^^'^^ ^"^*^ t^^^ treasury, to be appropriated accord- 
ing to the direction of said association. 
Vote of mem § 7. Every person owning an interest in said cemetery 

^^^^- shall be a member, and entitled to one vote. Absent mem- 

bers may vote by proxy. 



OEMETEEIES — INOOEPORATED. 301 

§ 8. It shall be the duty of the secretary, on the request Meeting of 
of the president or the two trustees, to call a meeting of the ^'^"«'^^'^^- 
members for the choice of officers to fill vacancies, or for 
transaction of any business pertaining to said association, 
by giving ten days' public notice in the manner prescribed 
by said association. 

§ 9, Said corporation shall have power to establisli and Duty of officers 
change by-laws, and prescribe rules and regulations for their 
government and the direction of their officers, and prescribe 
their duties, and the management of their property and 
afl'airs. 

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

Approved March 30, 1869. 



AN ACT to incorporate tiio Bluft' Cemetery Association of Hillsboro. In force March 

31, 1809. 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That Wil- corporators. . 
Ham C. Miller, Wooten Harris, Thomas Standriug, Edward 
Y. Rice, and Aaron H. II. Eountree, and their successors, 
are hereby incorporated as an association, by the name and 
style of "The Elufl' Cemetery Association," and b}^ that Name amrstyie. 
name and style shall have perpetual succession, with power 
to sue and be sued, plead and be impleaded, in all courts of 
law and equity. 

§ 2. Said association shall have the management and of^'f^^^^^f ^"'' 
control, for burial purposes, of the land on the bluff near ° ^'""" *" 
Hillsboro, reserved by Hiram Ilountree for a gravejard, 
and any lands contiguous thereto, which may be purchased 
for the purpose of a graveyard by said association ; and 
shall have power to lay off, establish and control said 
grounds for a cemetery, in the vicinity of the bluff near 
Hillsboro ; and shy,ll have power, by suit before anv iustice Penalties tor 

p ., ' , ^^• c 1 n i. " trespass, 

ot the peace, to recover penalties tor any and all trespasses 
or injuries, committed or permitted jpn the grounds appro-, 
priated as a cemetery ; to assess and collect, from owners of 
lots therein, such sums as may be necessary to be expended 
in repairing fences, or keeping the grounds in good order 
and condition. 

§ 3. Said corporation shall, on the first Monday in July, trSi"" *'^. 
A. D. 1869, publish a call for the lot owners in said ceme- 
tery, as well as such other persons as may be interested by 
reason of having had their dead buried therein heretofore, to 
assemble at some suitable place, in Hillsboro, and elect five 
suitable trustees, who shall succeed said corporators as the 
legal representatives of the incorporation hereby created, 



302 CEMETERIES — INCORPORATED. 

with all the powers hereby vested in them. And on the 
first Monday in July, biennially, thereafter, such election 
Failure to elect sluill be Ordered and held : Frooided^ that a tail are at any 
trustees. ^-^^^ ^^ ^^^^^ ^^^ succcssors, shall uot forfeit the ri^^hts of 

said incorporation, but the incumbents then holding shall re- 
main charged with the duties and vested with the authority 
herein expressed, until such election shall take place, and 
their successors are elected : And^ inovided^ fiirtJier^ in 
case of vacancy, by death or resignation of any corporator 
or trustee, the survivors of them may elect a successor. 

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



In force March AN ACT to incorporate the Huiitsville Cenicterv Association. 

29, 1S69." 

Section 1. Be it enacted by the People of the State of 
Illinois^ rejyresented in the General Assemhhj, That R. Jl. 
Corporators. Mead, Charlcs lioberstoD, W. S. Nelson, N. iJurmood and 
William Moore, and their associates, in the village of 
Jluntsville and vicinity, in the county Of Schuyler, and 
state of Illinois, and their successors, be and they are here- 
by constituted a body politic and corporate, by name and 
Name nmi style. Style of '" Tho Iluntsville Cemetery Association ;" and by 
that name shall have perpetual succession, and all powers, 
rights and- privileges and immunities incident to a corporate 
body. 
Real estate ex- § 2. Said assoclatiou shall have power to purchase and 
empi from taxa- }^old real Gstatc, not to excced ten acres, which shall be 
exempt from taxation and also from attachment and exe- 
cution. 
Object B of the § 3. The object of Said association shall be, exclusively, 
corporation. ^-^ jg^y ^^^^^ inclose, omameiit and keep in repair a plat or 
piece of ground, not exceeding ten acres, as af iresr.id, to l)e 
used as a burial place for the dead. 
LayciitioiKof § 4. Said associaticju shall have power to lay out tho 
groimd. burial place into lots of suitable size for family departments, 

and sell the same — the purchaser of any lot using the same 
for burial of the dead, and for no other purposes whatso- 
ever. 
Procceaa of § 5. The procccds of tmy sale or any other funds which 
may come into the possession of the association shall be 
appropriated and used in purchasing and laying out the 
grounds and improving and ornamenting same, or in other 
objects connected with the corporation. 
Officers, how § ^- '^^^^ officcrs of the association shall consist of a 
president, who shall act as treasurer, and four trustees, who 



sale, how ap- 
plied. 



elected. 



CEMETEKIES — INCORPOEATED. 303 

shall hold their offices for the term of two years, and until 
their successors are elected. The election for officers shall 
be held on the first Tuesday in April, biennially ; but any 
failure to elect officers at the proper time shall not operate 
as a forfeiture of this act of incorporation. 

§ 7. Every member holding one or more lots shall be Vute ofmem- 
a member, and entitled to one vote — only absent members '^"''' 
being- entitled to vote by proxy. 

§ S. The right of possession of property to any lot or Right of poe- 
lots which may be sold l>y said association shall be vested ^'^*^'°°- 
in the purchaser, by a certificate of purchase, signed by the 
president and countersigned by the secretary, and shall be 
recorded in a book kept tor that purpose ; and every trans- 
fer of such certificaie shall be made by surrendering the 
same to the secretary, who shall then issue a new certificate 
and cancel the former one. 

§ 9. Said corporation shall have power to establish and ^ ^^y change 

1 11 ^1 M 1 ' 1 1 . <. 1 bv-laws, etc. 

change by-laws and prescribe rules and regulations tor the 
government of said association ; and its officers shall have 
power to assess the owners of such lots such suras of money 
as may be necessary to keep fence or walls of said cemetery 
in repair, and other purposes connected with the associa- 
tion. 

' § 10. It shall be the duty of the secretary, on order of ^^^^^'^^ "'' ^'^- 
the president or two of the trustees or any five of the mem- 
bers, to call a meeting of the association, for the choice of 
officers, if not elected at the biennial election, or to- fill 
vacancies, or for the transaction of any other business 
authorized by this act, by giving ten days' public notice . 
thereof. 

§ 11. It shall be the duty of the trustees to have the Action of trus- 
general management and superintendence of the cemetery, 
appoint a sexton and fix u|)on his compensation. 

§12. Said trustees shall cause to be kept and preserved. Record of 
in a book or books provided by them for that purpose, a "ic.tinss. 
full and complete record of all their meetings, orders, pur- 
chases and sales of property, with the names of parties 
thereto ; also, a -complete register of the burials in said ,„^;?j-J'^'' °^ 
cemetery ; which book of record shall, at a'll times, be open 
for the inspection of the members of the association, and 
under the control of the said board of trustees. 

§ 13. A subscription of three dollars shall constitute a ^-^at consti- 
member of said association ; and said burial lots in said ^gs member- 
cemetery, after having been surveyed and platted, shall be 
appraised before they are oftered for sale by said board ; 
and no lot shall he sold for less than the appraised value of 
same. 

§ 14c. That this act be a public act, and shall take efi'ect 
from and after its passao:e. 

Approved March 29,1869. 



304 CEMETERIES — INCORPOKATED. 

force Ml 
27, 181)9. 



In force March A\ ACT to incorporate the Lanark Cemetery Association. 



Section 1. Be it enacted hy the People of the IState of 
Illinois^ represented in the General Assembly^ That G. H. 

Corporators A^anYecbten, J. L. Sprogle, B. Noble, Mile Trescott, E. H. 
Dengue, R. P. Wales, MahLm Martin, E. Welch, G. W. 
ISherwood, £. Stover, A, G. Moffett, J. R. Howlett, James 
Compton, George Reasoner, D. W. Dame, and all such per- 
sons as shall hereafter become or be owners of stock or pro- 
prietors in the association hereby created, are hereby crea- 
ted a body politic and cori)oratc, by the name and style of 

Nameand style. '' The Lanark Cemetery Association," for the purpose of 
establishing and maintaining a cemetery, for the burial of 
the dead, at or near the village of Lanark, in Carroll coun- 
ty, in thi6 state ; and by that name shall have perpetual 
succession, and be capable of suing and being sued, plead 
and be impleaded in law and equity, of contracting and 
being contracted with, and may make and use a common seal 
and alter the same at pleasure ; and may acquire, hold and 
sell real and personal estate, for the purposes of this act ; 
and may do, generally, all such things as are incident to a 
corporation or necessary to give full etfect to this act; and 
may make by-laws, rules anu regulations, consistent with 
this act, for the government and well ordering of said asso- 
ciation, and its officers, property and affairs. 
Boar'iofinau- § 2. All the Corporate powcrs of Said association shall 

^^'^^' be vested in and exercised by a board of managers, consist- 

ing of five persons, members of said association. That 
said G. H. YanYechten, J. L. Sprogle, B. Noble, Milo 
Trescott, E. H. Dengue, R. P. Wales, Mahlon Martin, E. 
Welch, G. W. Sherwood, E. Stover, A. G. Moffett, J. R. 
llowlett, James Compton, George Reasoner, D. W. Dame, 
are hereby constituted the first board of managers until their 
successors are elected and qualilied as liereai'ter provided. 

Eiectiou.whcie An election for managers shall be held at the village of 
Lanark, on the lirst Monday of May, one thousand eight 
hundred and sixty-nine, and thereafrer biennially on the 
first Monday of May. Every board of managers, after the 
first election, shall hold ofiice for two years, and until their 
successors are elected. Each stockholder shall, at such 
elections, have one vote. The voting shall be by ballot, 
and either in person or by pi'oxy, authorized in writing — 
the board, for the time being, or a majority thereof, ap- 
pointing [such person] for judge, and such person f()r clerk, 
as they shall choose. A majority of votes cast shall decide 
the election, and a certificate in that behalf, under the hand 
of the judge and clerk, shall be sufiicient evidence in all places 
of such election and its results. Yacancies in the board 
during any term, may be filled by a majority of remaining 
managers; and if, at any time, no election shall be held on 



CEMETERIES — INCOKPOKATED. 305 

the day, respectively, hereinbefore specified, the election 
may, notwithstanding, be held at such time as may be pro- 
vided for in that behalt by the by-laws. 

§ 3. Provided^ always, thai it is hereby enacted, that Number or 
whenever the number of the members of the association ™,5?^d*7o form 
shall not exceed five, then, and from thenceforth, and until association, 
the jminber shall again exceed five, and until managers be 
elected at an ordinary electio!], or a special one to be called 
in that behalf, the corporate powers of said association shall 
vest in and be exercised by the remaining members of said 
association, or their legal guardians during minority, as 
managers : Provided, also, that if, at any time, there shall 
be no member who can legally act as manager, the corpora- 
shall not thereby be dissolved, but the circuit court of Car- 
roll county may, on application, appoint a manager or 
managers for the time being. Legal guardians shall be Guardians may 
entitled to exercise all rights and privileges, under this act, ^<=* f°'' "^'"^o^''- 
for minor members, and may hold oflice during the minori- 
ty : Provided, also, that when nil burial lots of the cemetery 
of the association shall be sold or disposed of by said asso- 
ciation, then, immediately upon the happening of that event, 
and from thenceforth, the holders of said lots shall become, 
be and constitute the corporation aforesaid, with all the 
sam.e rights, powers, duties and privileges, nnder this act, 
as far as may be, and so far as the same shall remain unex- 
pended, as were vested in the original members. 

§ 4. The board of managers shall choose a president Board to ap- 
out of their own number, and may appoint such other offi- p^^'^'^®^""- 
cers and employees as they may deem necessary — all of 
whom, except the president, shall be removable at pleasure ; 
and the board may prescribe and vary, from time to time, 
the duties of its several ofiicers, and their compensation and 
fees ; and if a treasurer be appointed, ho shall enter into, 
procure and give to the association such bonds or other se- 
curities, relative to his duties, as the board may require and 
approve. 

§ 5. The board of managers shall have power to receive May purchase 
subscriptions for the purchase of property and the laying faTpurpos°/s. '''" 
out and ornamenting of grounds, for cemetery purposes, 
under this act, and may issue certificates representing in- 
terests of subscribers in the property held by the associa- 
tion ; and, in the proceeds of the sales of burial lots, and Proceeds of sale, 
the individual interesfs represented by such certificates, 
shall be assignable and traut^ferable only in such way as 
the managers for the time being may, from time to time, 
direct; and such individual interests are hereby declared to 
be personal estate, and the managers shall have authority 
to call in and demand, from the subscribers, the sums re- 
spectively subscribed by them, at such times and in such in- 
stallments as they may deem proper, and either to compel 
the payment of such installments or to declare all the es- 
—39 



iiOQ CEMETERIES — INCORPORATED. 

tate and interest of tlie del'aulting Bubsciiber, respectively, 
and all previous payments, if any, forieited to the associa- 
tion ; and it sliall be lawful for the managers to receive, at 
their option, such real or personal property, at an equita- 
ble valuation, in payment of subscriptions, as they may 
Liability of deem available for tlio purposes of the association.; and no 
members. subscriber shall be liable for the debts of the company in a 
greater amount than the interest actually owned by him at 

May purchase the time. 

grounds. j^ q^ ipj^^ associatlon are hereby empowered to acquire, 

by purchase, exchange or otherwise, real estate, for ceme- 
tery purposes, in or near the village of Lanark, aforesaid; 
and shall have power to sell or otherwise dispose of such 
part of the real estate they may be compelled to purchase, 
in order to obtain their cemetery grounds; and power is 
hereby farther given to said association, from time to time, 
to acquire, by any of the means aforesaid, and add to their 
cemetery, any lands adjoining thereto ; but said cemetery 
and additions shall not comprise more than one hundred 

Village of La- aCrCS. 

n^ark^may sub- ^ ^_ n^j^^ village of Lanark, by its president and board 
of trustees, is hereby authorized to subscribe and pay to 
said company a sum, not to exceed two thousand dollars, to 
Objects of the aid ill Carrying out the purposes and intent of this act. 

corporation. g g^ rj,^^^ associatlou are hereby required to inclose and 

at all times keep inclosed their cemetery grounds, with a 
good and sufficient fence; and they are hereby authorized 
and empowered to ornament tlieir said grounds as they 
shall think proper, and to erect thereon such buildings, in- 
ciosures or structures as they may deem advisable; and to 

For free iniriai. l^.Y o^^t Said grounds into buHal lots of one or more sizes, 
and into ways and alleys, (setting apart a sutiicicnt portion 
for the free burial of the poor and the stranger,) and to 
cause their said grounds to be surveyed and platted ; and 
that plat, having been attested by the surveyor and acknow- 
ledged by the president, before any officer having authority 
to receive acknowledgments of deeds, may be recorded in 
the recorder's olfice of Carroll county; and such recording 
shall have the same virtue and effect, as far as may be, as 
the recording of town plats, and shall operate as a legal va- 
cation of all former roads, streets or alleys passing through 
tiie same ; and, except as is provided for by tiiis act, no 
road, street, alley or right of way, whether public or pri- 

Dispo?e of lots, vate, shall be laid out or condemned through said grounds. 
§ 9. The association shall have power to sell and dis- 
pose ot the burial lots, in fee simple, on such terms and 
v;ith such conditions, if any, for the permanent care and 
preservation of the same, or of the cemetery or any part 
thereof, as they may agree upon with purchasers ; and to 
make such regulations, from time to time, for the govern- 
ment of lot-holders and visitors to the cemetery, as they 
^ay deem necessary. 



CEMETEKIE8 — INCOEPORATED. 307 

§ 10. All burial lots sold to individuals shall be indivi- Lots indivisi- 
sible, but may be held in undivided ehares, and shall, to from'tasauon.''' 
the number of four to each itidividnal, be free from taxation 
and from execution and attachment ; and the cemetery 
grounds, together with the personal property of the corpo- 
ration actually used or held by the corporation for burial 
purposes, or subservient thereto, or for the general uses of 
the lot-holders, shall likewise be exempt as above. 

§ 11. A certihcate of purchase, signed by the president ^eSj^^fQ^of f-^l'^^" 
and attested by the secretary, and under the corporation 
seal, shall bo a sufficient conveyance to and evidence of title 
in any parchaser, without more; and no purchaser shall 
transfer his estate or interest, without the consent of the 
managers. Burial lots shall be held for the purpose of 
sepulture only, and no lot-holder shall permit interment in 
or upon any lot, held by him, for compensation. 

§ 12. The association shall keep records of all their pur- Kecoids kept, 
chases, sales, orders, elections, proceedings and transac- 
tions; which shall be open, at all reasonable times, to the 
inspection of the members. 

§ 13. The said corporation may take and hold any grant, Gifts, grants, 

- <^ ^. ■, . ,^ , '• L ^ ^ to J etc., how ap- 

donation, devise or bequest oi property, real or personal, pued. 
up'.»i trust, to apply the same or the income thereof, under 
the direction of the board of managers, for the improvement 
or embellishment of the cemeterj'-, or for the erection, repair, 
preservation or renewal of any tomb, monument or grave- 
stone, fence, railing or other erection, or for the planting 
and cultivation of trees, shrubs, flowers or plants, in or 
around any cemetery lot of said cemetery, or lor improving 
said cemetery in any other manner, consistent with the de- ' 
sign and purposes of this act, according to the terms of such 
grant, donation, devise or bequest. 

§ 14. It isfu7'ther enacted, that the board of managers Annual tax. 
shall have power, in case they deem it proper to do so, to 
levy upon each lot sold, in said cemetery, an annual tax, 
not exceeding the sum of three dollars per lot, for the pur- 
pose of paying the expenses of keeping the cemetery grounds 
in good order and of keeping up the fences, and shall fur- What improve- 
ther have power and control over the improvements and ^g^mitted!' 
shrubbery of each lot sold, so as to prevent the streets and 
alleys of said cemetery from being obstructed by trees or 
shrubbery. 

§ 15. It is further enacted, that no person shall be al- 
lowed to place, erect or construct upon any cemetery lot 
any objectionable, indecent or obscene tomb-stone, vault, 
grave-jewel, monument, engraving or device. The board 
of managers sball have the power to treat the same as a 
nuisance, and cause the same to be removed from the 
grounds of said association, and, if done by or with the con- 
sent of the owner of the lot, then, on repetition of the same 
or a like offense, the board may declare such lot forfeited to 



308 CEMETERIES — INCORPOEATED. 

the aesociation, which shall thereupon repossess the same 
as of their former estate. 

§ 16. This act shall be a public act, and shall take effect 
from and after its passasje. 

Approved March 27.1860. 



1° foi:ce ^arch AN ACT to authorize tho county superintendent of schools of LaSnlle 
county t') sell a part of the school land in town thirty-oae north, range 
five cist, in LaSalle county, to be used as a cemetery. 

Section 1. Be it -inacted hy the People of the State of 
Illinois, represented in the General Assembly, That the 
School land county Superintendent of schools of LaSalle county be and 
may e so . ig hereby authorized to sell a part of section sixteen, iu 
town thirty -one north, range live east, in said LaSalle county, 
not exceeding iive acres, to said town thirty-one north, 
range live east, in said LaSalle county, for the purpose of 
using the same as a public cemetery, for the benefit of the 
inhabitants of said town. 

§ 2. That the county superintendent, in making said 
sale, shall be governed, in all respects, by the laws now in 
f ;rco fur the sale of common school lands in the state of 
Illinois. 

^ 3. This act to be in force from and after its passage. 

Approved March 27, 18G9. 



In force April AN ACT to incorporate the Lutheran Cemetcrv Association of Hillsboro. 
19, 1869. ' 

Section 1. Be it enacted hy the People of the State of 
Plviois, represented in the General Asscrnhly, That Jacob 

Corporators. Cress, Jacob Bcck, and Isaac S. Blackwelder, and their as- 
sociates and successors, be and they are hereby constituted 

Name andetyic. a body corporate and politic, by the name and style of " The 
Lutheran Cemetery Association of Hillsboro," and by that 
name shall have perpetual succession, and shall have all 
the rights and powers and privileges, liabilities and immuni- 
ties incident to a corporate body. 
May hold real § 2. Said association shall have power to own real es- 

estate. ^.^j-g^ j^^^^j. exceeding fifteen acres, and personal property, not 

exceeding in value, at one time, five hundred dollars ; which 

sliall be exempt from taxation and from attachment and 

execution. 

Objects of the § 3. The objoct of this association shall be, exclusively, 

corporation. ^^ ^^^ ^^^ ^j,^,| lliclose and Ornament a plat of ground, to be 



CEMETERIES — INCORPORATED. 309 

used as a bnrial pines for the dead, and sell lots for the pur- 
pose of burying the dead. 

§ 4. The proceeds of such sale and other funds which ProccedEofsaie 
may come into the possession of this association, shall be 
appropriated and used in inclosing the grounds and impro- 
ving and ornaraer.ting the same, and in objects connected 
with the association. 

§ 5. The persons named in the first section of this act Trustees, 
shall act as trustees of the association for two years from 
the first day of March, A. D. 1869, and until their succes- 
sors are elected and qualified. 

§ 6. Every person holding one lot or more shall be a y^^ entitled 
member of this association, and be entitled to one vote to ^o'^- 
only ; and absent members shall have power to vote [ by ] 
proxy. 

§ 7. The owners of lots, on the first Saturday of March, Trustees, bow 
A. D. 18Y1, and every two years thereafter, shaU elect '^^^'^^ 
three persons to act as trustees of said association, who 
shall serve for two years and until their successors are 
elected and qualitiGd ; and no neglect to elect trustees on said 
day shall be considered a forfeiture of this act of incorpo- 
ration. 

§ 8. The trustees may make all necessarj^ by-laws and Power ^nddu- 
regulations for the laying out and keeping in repair g^id ^y"*'^"*^''^^- 
cemetery, and shall appoint such officers or agents as may 
be necessary, and define their duty and fix their compen- 
sation, 

§ 9. The right of property to any lot or lots which may R'ght of pro- 
be purchased shall be vested, by certificate of purchase, ^'°'"*^'' 
signed by the secretary and recorded in abook kept for that 
purpose by the secretary ; and every transfer of said lots 
shall be made by surrendering such certificate to the secre- 
tary, who shall destroy the same and issue a new certificate 
therefor and record the same. 

§ 10. This act shall he deemed a public act, and take 
eflect from and after its passage. 

Approved April 19, 1869. 



AX ACT to incorporate the Mount Hope Cemetery Association. in force March 

•29, 1S69. 

Section 1. Be it enacted lij the People of the State of 
Jlliiiois, represented in the General Assemlly^ That F. "W. corporators. 
S. Brawley, John F. Smith, John W. Shatter, David H. 
Sunderland, James Mitchell, Charles L. Carrier, C. J. Fry, 
Thomas J. Turner, and Wm. F. Brewster, and all such per- 
sons as shall hereafier become or be owners of stock or pro- 
prietors in the association hereby created, are hereby ere- 



310 CEMETERIES — INCORPOEATED. 

ated a body politic and corporate, by the name and style of 
Name and style. ''The Mount Hope Cemetery Association," for the purpose 
of establishing and maintaining a cemetery for the burial 
of the dead, at or near the ciry of Freeport, in Stephenson 
county, in this state ; and by that name shall have perpet- 
ual succession, and be capable of suing and being sued, 
pleading and being impleaded, in law and equity ; of con- 
tracting and being contracted with; and may make and use 
a common seal, and alter the same at pleasure; and may 
acquire, hold and sell real and personal estate, for the pur- 
poses of this act; and may do, generally, all such things as 
are incident to a corporation or necessary to give full effect 
to this act ; and may make by-laws, rules and regulations, 
consistent with this act, for the government and well 
ordering of said association and its officers, property and 
aiiairs. 
Corporate pow- § 2. All the corporatc ])ower8 of said association shall 
ere, Eow vested. ^^^ vested in and exercised by aboard of managers, consist- 
ing of three persons, members of said association. The 
said W. F. S. Brawley, John F. Smith, and W. F. Brews- 
ter, are hereby constituted the first board of managers. 
Every board of managers shall hold office for two years 
Elections. and uulil their successors are appointed. An election for 
managers shall be held at the city of Freeport, on the lirst 
Monday in May, one thousand eight hundred and sixty- 
nine, and thereaifter biennially on the first Monday of May. 
Each stockholder shall, at such elections, have one vote. 
The voting shall be by ballot, and either in person or by 
jjroxy authorized in writing — the board for the time being, 
or a niajority thereof, appointing such person for judge and 
such person for clerk of election as they shall choose. A 
majority of votes cast shall decide the election ; and a certifi- 
cate in that behalf, under the hand of the judge and clerk, 
shall be sufficient evidence in all places of such election and 
Vacancies. its rosult. Vacaiicics in the board, during any term, may 
be tilled by a majority of remaining managers. And if, at 
any time, no election shall be held on the day, respectively, 
hereinbefore specified, the election may, notwithstanding, 
bo held at such time as mjiy be provided for in that behalf 
by the by-laws. 
Action, when § 3. Provided, ahvays, audit is herely enacted, that 
Klected"^'^" whenever the number of the members of the association 
shall not exceed three, then and from thenceforth and until 
the number shall again exceed three, and until managers 
be elected at an ordinary election or a special one, to be 
called in that behalf, the corporate powers of said associa- 
tion shall vest in and exercised by the remaining members 
of said association or their legal guardi.ns, during minority, 
as managers : Provided^ also, that if at any time there shall 
be no member who can legally act as manager, the corpora- 
tion shall not thereby be dissolved, but the circuit court of 



CEMETERIES — INCORPOEATED. 311 

Stephenson county may, on application, appoint a manager 
or managers for the time being. Legal guardians shall be Legal guard- 
entitled to exercise all rights aud privileges under this act |^org° ^"^ ''"' 
for minor members, and may hold otfice during the minority: 
Provided, also, than when all burial lots of the cetnetery 
of the association shall he sold or disposed of by said asso- 
ciation, then immediately upon the happening; of that event 
and from thenceforth the holders of said lots shall become, 
be and constitute the corporation aforesaid, with nil the 
same rights, powers, duties and privileges, under this act, 
as far as may be, and so far as the same shall remain unex- 
pended, as were vested in the original members. 

§ 4. The board of managers shall choose a presidentout Appointment 
of their own number, and may appoint such other ofhcers of officers, 
and employees as they may deem necessary — all of whom, 
except the president, shall be removable at pleasure; and 
the board may prescribe and vary, from time to time, the 
duties of its several officers aud their compensation and 
fees ; and if a treasurer be appointed he shall enter into, 
procure and give to the association such bonds or other se- 
curities relative to his duties as the board may require and 
approve. 

§ 5. The board of managers shall have power to receive improvement 
subscriptions for the purchase of property and the laying ° f^'""^^^'^^- 
out and ornamenting of grounds for cemetery purposes un- 
der this act; and may issue certificates, representing inter- 
ests of subscribers in the property held by the association, 
aud in the proceeds of the sales of burial lots; and the in- 
dividual interests represented by such certificates shall be 
assignable and transferable only in such way as the man- 
agers for the time being may from time to time direct; and 
such individual interests are hereby declared to be personal 
estate; and the managers shall have authority to call in Power to co^ 
and demand from the subscribers the sums respectively sub- {jQ*g_ " 

scribed by them, at such times and in such installments as 
they may deem proper, and either to compel the payment 
of such installments or to declare all the estate and interest 
of the defaulting subscribers, respectively, and all previous 
payments thereon, if any, forfeited to the association; and 
it shall be lawful for the managers to receive, at their op- 
tion, such real or personal property, at an equitable valua- 
tion, in payment of subscriptions, as they may deem avail- 
able, for the purposes of the association; and no subscriber 
shall be liable lor the debts of the company in a greater 
amount than the interest actually owned by him at the time. 



May purchase. 
■ " and convey 



§ 6. The association are hereby empowered to acquire, j^^j'^ 
by purchase, exchange or otherwise, real estate for ceme- reaie.ta.e. 
tsry purposes in or near the city of Freeport aforesaid, and 
shall have power to sell or otherwise dispose of such part 
of real estate they may be compelled to purchase, in order 
to obtain their cemetery grounds; and power is hereby 



312 CEMETERIES — INCORPORAl'ED. 

further given to said association, from time to time, to ac- 
quire, by anj of the means aforesaid, and add to their cem- 
etery any lands adjoining thereto ; but said cemetery aud 
additions shall not comprise more than one hundred and 
sixty acres. 
City may sub- § 7. The citv council ot the city of Freeport is hereby 

Bcribe fur slot k. avithorized to subscribe and to pay to said company the sum 
(»t three thousand dollars, to aid in carrying out the pur- 
poses and intent of this act. 

Erect stmcti-.rcs § 8. The association arc hereby required to inclose, and 
:it all times keep inclosed, their cemetery grounds with a 
guod and sufficient fence ; and they are hereby authorized 
and empowered to ornament their said grounds, as they 
shall think proper, and to erect thereon such buildings, in- 
closures or structures as they may deem advisable; and to 
lay out said grounds into burial lots of one or more size.?, 
and into ways and alleys, (setting apart a sufHcient portion 
for the free burial of the poor and the stranger,) and to 
cause their said grounds to be surveyed and platted ; and 

Tiue of io:s. that jilat, having been attested by the surveyor and acknowl 
edged by the president, before any officer having authority 
to receive acknowledgments of deeds, may be recorded in 
tise recorder's office of Stejjhenson county ; and snch record- 
i!)g shall have the same virtue and efi'ect, as far as may be, 
as the recording of town plats, and shall operate as a legal 
vacation of all former roads, streets or alleys passing through 
the same; and, except as is provided for by this act, no road, 
street, alley or right of way, whether public or private, shall 
lie laid (-ut or condemned through said grounds. 
Mays;]; lots § 9. The association shall have power to sell and dispose 

in fee simiJic. ^,^- ^^iq burial lots, in fee simple, on such terms and with 
such conditions, if any, for the permanent care and preser- 
vation of the same, or of the cemetery, or any part thereof, 
as they may jigree upon with purchasers; and to make such 
reojulations, from time to time, for the government of lot- 
holders and visitors to the cemetery, as they may deem ne- 
cessary. 
Lots indivis!- § 1^- AH burial lots sold to individuals shall be indi- 

weaud exempt visible, but niav be held in undivided shares, and shall, to 

from taxiitKii. ' . •. i • t • i i i ,. ,• • 

the number ot tour to each individual, be freetrom taxation 
and from execution and attachment; and the cemetery 
grounds, together with tie ])ersoual property of the corpo- 
rafioa actually used or held by the corporation for burial 
purposes or subservient thereto, or for the general uses of 
ihe lot-holders, shall likewise be exempt, as above, 
certificijte of § 11. A Certificate of purcliasc, signed by tlic president 
Bale sufficient .,^^^^ attested by the secretary, and iinder the corporation 
seal, shall be a sufficient conveyance to and evidence of title 
i!i any purchaser, without mure ; and no purchaser shall 
transfer his estate or interest, without the consent of the 
managers. Burial lots shall be held for the purpose of sep- 



0EMETEEIE8 — INCORPORATED. 



313 



ultiire only ; and no lot-holder shall permit interment m or 
upon any lot held by him, for compensation. 

§ 12. The association shall keep records of all their pur- Keep record?, 
chases, sales, orders, elections, proceedings and transactions, 
which shall be open, at all reasonable times, to the inspec- 
tion of the members. 

§ 13. The said corporation may take and hold any grant, ^^^^ pSJuS 
donation, devise or bequest of property, real or personal, property, 
upon trust, to apply the same, or the income thereof, under 
the direction of the board of managers, for the improvement 
or embellishment of the cemetery, or for the erection, repair, < 

preservation or renewal of any tomb, monument or grave- 
stone, fence, railing or other erection, or for the planting 
and cultivation of trees, shrubs, flowers or plants, in or 
around any cemetery lot of said cemetery, or for improving 
said cemeter}^ in any other manner, consistent with the de- 
signs and purposes of this act, according to the terms of 
such grant, donation, devise or bequest. 

§ 14. It is further enacted, that the board of managers Annual (ax. 
shall have power, in case they deem it proper to do so, to 
levy upon each lot sold in said cemetery an annual tax, not 
exceeding the sum of two dollars per lot, for the purpose of 
paying the expenses of keeping the cemetery grounds in 
good order and of keeping up the fences ; and shall further 
have power and control over the improvements and shrub- 
bery of each lot sold, so as to prevent the streets and alleys 
of said cemetery from being obstructed by trees or shrub- 
bery. 

§ 15. Aiidit is further enacted, tliat no person shall ])e strucST"^ 
allowed to place, erect or construct upon any cemetery lot 
any objectionable, indecent or obscene tombstone, vault, 
grave-jewel, monument, engraving or device. The board 
of managers shall have the power to treat the same as a 
nuisance, and cause the same to be removed from the 
grounds of said association ; and, if done by or with the 
consent of the owner of the lot, then, on repetition of the 
same, or like offense, the board may declare such lot for- 
feited to the association, which shall thereupon repossess 
the same as of their former estate. 

§ 16.^ That any person who shall willfully destroy, muti- oSfonsu/rS". 
late, deface, injure, cut, break, loosen, tear up or remove larious. 
any tomb, m.onument, stone, vault, ornament, fence, tree, 
shrub, flower, plant, railing, building or object whatever, in 
or about the said cemetery, or in any avenue, lot or part 
thereof, or shall shoot or discharge any gun, pistol or fire 
arms, or fire works, or other missiles, within the limits of 
said cemetery, or shall cause any shot or missile to be dis- 
charged into or over any portion of said cemetery, or shall 
violate any of the rules made and established by the said 
association, as hereinbefore provided, shall be deemed guilty 
of a misdemeanor, and shall, upoii conviction thereof before 
—40 



314 CEMETEEIES — INOORPORATED. 

Pin B any justico of tho peace of Stephenson county, be i)unished 

by a tine of not less than live dollars nor more than one 
hundred dollars and costs, or by such line and imprison- 
ment in the county jail of said Stephenson county for not 
less than one nor more than tliirty days, and shall stand 
committed until such fine and costs are paid — one-half of 
such fine to go to said association, and the other half in the 
Actions ortres- manner provided by law for the disposition of fines; and 
eiitutedi^ "^ '"" nothing herein contained shall deprive the said association 
from maintaining an action of trespass for the recovery of 
damages occasioned by any injury resulting from a viola- 
tion of the provisions of this act, or of the rules established 
by the association, as aforesaid ; which said damages, when 
recovered, shall be ai)plied in repairing the injuries so inade. 
And to enable the said association to enforce the provisions 
of this section, power and authority are hereby given to the 
superintendent, and gate keeper, or any agent of said asso- 
ciation, to arrest on any day of the week, without process, 
any person or persons found within the grounds of said as- 
sociation, or within eighty rods thereof, who, to their knowl- 
edge, may have committed any oftense against the provis- 
ions of this section or of the rules established by said asso- 
ciation, as hereinbefore provided, and carry such oficndcr 
before any justice of the peace in Stephenson county, who 
shall, thereupon, proceed to hear and determine the case; 
and, in case of guilt, impose such fine and penalty as the 
nature of the case may require, pursuant to the provisions 
herein contained. 

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

Appkoved March 29, 18G9. 



^° ^7%(,i'^^^ ^^ ^^"^ ^° ^'^^^ *^^^ ^'''*^ ^° ^^^^ Mount Tuiaski Cemetery in the president 
' * and trustees of tbe town of Mount Pulaski. 



Title. 



Section 1. J]e It enacted by the Fcoj^le of the State of 
Illinois^ represented in the G-encral Assembly, That the 
title to tho land in the cemetery known as "The Mount 
Pulaski Cemetery," in Logan county, Illinois, and bounded 
Boondaries. as follows, to-wit : Beginning at the northwest corner of 
the northeast quarter of the northwest quarter of section 
14r, township 18 north, of range 2 west of the third princi- 
pal meridian, and running from thence south 48 chains and 
8 links, thence east 21 rods, thence north 48 chains and 8 
links, thence west 21 rods, to place of beginning, be and 
the same is hereby vested in tho president and trustees of 
the town of Mount Pulaski, for the use of the public. 



CEMETERIES — INCORPORATED. 315 

§ 2. It is hereby expressly provided, that no vested or vested rights 
private riglit of any person or persons, v^^homsoever, shall, Jaired! ^° ^^' 
in any way, be impaired or affected, in said cemetery, by 
the provisions hereof; and it shall be the duty of said presi- igguc deeds. 
dent and trustees, upon request of any person or persons 
having any vested rights in said cemetery, or the friends or 
relatives of any deceased person or persons who may be 
interred in said cemetery, to execute and deliver to the 
party or parties entitled a deed or deeds, under the seal of 
said town of Mount Pulaski, conveying to such party or 
parties such lot or lots as he, she or they may be entitled ; 
and such deed shall vest the title to such lot or lots in such 
grantee or grantees, and their heirs and assigns, for burial 
purposes ; and it is hereby expressly provided, that the Legal heire. 
legal heirs of all deceased persons, who may be interred in 
said cemetery, shall be considered as having vested rights 
in and to the lot or lots in which such deceased person shall 
be so interred. The reasonable costs and expenses for 
making such conveyance shall, in all cases, be paid by the 
party or parties making such application. 

§3. Said president and trustees shall have power to lay PoweronruB- 
off all said cemetery into such lots, streets and squares as l^l^of grouiS.°s^" 
they may deem proper ; and shall, also, have power to sell 
and convey all lots not now owned or occupied by private 
parties or the title to which shall not be vested in private 
parties, under the provisions hereof; and shall, also, have May pnrchaso 
the right and power to purchase or receive, by grant or l^^^j. j^^^^^^ °''^ 
otherwise, and hold lands, in addition to and adjoining the 
grounds in said cemetery, not exceeding fifteen acres, and 
to lay out the same into lots, streets and squares, suitable 
for the burial of the dead, and to sell and convey the same ; 
and all deeds of conveyance, under the provisions hereof, 
by said president and trustees, shall be signed by the presi- 
dent of the board and countersigned by the town clerk ; and 
the grantees of all lots, under the provisions hereof, their 
heirs and assigns, shall use them for burial purposes only. 

§ 4. The said president and trustees shall have power ^g ^^^^g ^,y. 
to make all such ordinances, rules, by-laws and regulations, j^^^^^^*^ ^'^^^' 
for the management and government of said cemetery, the 
burial of the dead, and the protection of the same, and to 
impose such penalties for violations of such ordinances, 
rules, by-laws and regulations, as are not inconsistent with 
the constitution and laws of this state or of the United 
States. 

§ 5. The proceeds arising from the sale of lots, under Proceeds of sale 
the provisions hereof, shall be applied towards paying the 
necessary and reasonable expenses incured by said presi- 
dent and trustees, under the provisions hereof, and in beau- 
tifying and making such improvements upon said cemetery 
as they shall deem necessary and appropriate. 



310 CEMETERIES — IXCORPORATED. 

Taxes oil lots. § 6. Said president and trustees sliall have power, at 
any time, to levy and assess u])on the owners of lots in said 
cemetery a ijro rata assessment or tax, sufficient to main- 
tain and preserve said cemetery and its iuclosures, in orood 
order and repair, and shall have power to collect such as- 
sessment or tax, by action of debt, before any court having 
jurisdiction. 
Exempt from § 7. AH the lands in said cemetery and appurtenances 

taxation. i n i . j- , ,• "^ ^ * 

shall oe exempt Irom taxation. 

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

Approved April 1, 1869. 



In force ^farch AX ACT to incorporate tlie Mount Vernon Ccmetcrv Association. 

SI, 1839. 

Section 1. Be it enacted by the People of the State of 
Illinois, represented in the General Assenihly, That Noah 

Corporators. Johusou, John S. Bogan, W. Duff Green, Samuel K. Casey, 
James M. Pollock, James M. Pace, T. B. Tanner, Charles 
H. Patton, Thomas R. Ilobbs, Stephen T. Shattan, James 
D. Johnson, Jeremiah Taylor, Joel T. Watson, John C. 
Gray and Wm. Maddox, and such others as they may here- 
after associate with themselves, bo and they are hereby 
created a body politic and corporate, in fact and in name, 
meand style, by the Style and title of "The Mount Vernon Cemetery 
Association"; and by that name shall have perpetual succes- 
sion, and be capable of suing and being sued, of contracting 
and being contracted with, of pleading and being implead- 
ed, in any court of law and equity in the state of Illinois ; 
and they and their successors may have a common seal, 
and make and alter the same at pleasure ; and do such other 
acts and things as are incident to a corporation and not in- 
consistent with the constitution and laws of the state of 
Illinois. 

Managers. § 2. The sald pcrsons, above named, shall constitute 

the board of managers of the said association, and shall 
have power to receive subscriptions for the purchase of 
property and the laying out and ornamenting of grounds 
for cemetery purposes, as contemplated by this act ; and 
may issue certificates, representing the interests of subscri- 
bers in the property held by the association and in the pro- 
ceeds of the safe of burial lots; and the individual interests 
represented by such certificates shall be assignable and 
transferable only in such way as the managers for the time 
being may, from time to time, direct; and such individual 
Installments interests are hereby declared to be personal estate ; and the 

of subscription, gr^j^] niauagcrs shall have authority to call in and demand 



CilMETERIES— INCOKPOKATED. ol7 

from the subscribers, respectively, such suras of money by 
them subscribed, at such times and in such payments or in- 
stallments as they shall deem proper, and to compel the 
payment of installments so demanded by a forfeiture of 
any interest of any subscriber refusing to pay any such in- 
stallment, or by the sale by them of such part of his or her 
interest as may be necessary to pay the same, or to compel 
the payment thereof by suit at law or in chancery ; and it 
shall be lawful for the said managers to receive, at their 
option, such real estate or personal property, at an equita- 
ble valuation, in payment of subscriptions, as they may 
deem available for the purposes of the association ; and no 
subscriber shall be liable for the debts of the company in 
a greater amount than the interest actually owned by him 
at any time. 

§ 3. The said managers of the association, and their ^ May pmctase 
successors, shall have power and authority, in the name of "^ * ^'^ ^ 
the said association, to obtain possession of real estate, by 
purchase, exchange or otherwise, for cemetery purposes, 
provided said cemetery grounds shall not be at a greater 
distance than two miles from the public square in the town 
of Mount Yernon, in the county of Jefferson, and state of 
Illinois, and to hold the same, to an amount at no time ex- 
ceeding iive hundred acres, and to sell, exchange or dispose 
of any part or parcel of land that they may be compelled 
to purchase, in order to obtain such grounds as may be ac- 
tually needed for burial purposes. 

§ i. The said managers, and their successors, shall have Lay out and 
authority to lay out and ornament, for cemetery purposes, grSund° 
such grounds as they may acquire, as aforesaid ; to make 
and have recorded, in the recorder's office of Jefferson coun- 
ty, in the state of Illinois, a plat of such grounds and of » 
such additions thereto as they may make at any time ; and 
the filing of such a plat for record shall operate as a legal 
vacation of any former plat or subdivision of the same ; 
also, to erect such buildiiigs, tombs, inclosures, or other 
structures, as they may deem advisable ; and to_ build and^ 
make convenient' road's and wiilks from the said town of 
Mount Vernon to the said cemetery grounds ; to arrange Toarraaeeana 
and dispose of burial lots, on such terms and on such con- and°make deed 
ditions, for the permanent care and preservation of the therefor, 
cemetery or any part thereof, as they may agree upon with 
purchasers, and to convey the same by good and sufhcient 
deeds ; to make such by-laws and regulations, relative to 
the election and duties of managers and their successors, 
the appointment of officers and agents, and their several 
duties and compensation ; and to make such rules and regu- 
lations, from time to time, for the government of lot- 
holders and visitors to the cemetery, as they may deem 
necessary. 



318 CEMETERIES — INCOKPORATED. 

Lots held In In- g 5. AH lots solJ for burijil purposes by said association, 
n arcf. ^^|j^j^ convejed by the corporation to individual proprietors, 
shall be indivisable, but may be held and owned in indi- 
vidual shares, and shall be free from taxation and execution 
and attachment : J-^rovided, that no one person shall, at any 
one time, hold more than four lots so exempt. All estate, 
real, personal and mixed, held by the company, used by the 
association for burial purposes, or for the general uses of 
lot-holders or subservient to burial uses, and which sliall 
be platted and recorded as cemetery grounds, shall like- 
wise be exempt as above. 
To be held for § 6. Evcry lot sold for burial purposes shall be held by 

puKoniiy/^" the proprietors for the purpose of sepulture only, and shall 
be transferable only by the consent of the managers ; and 
no lot-holder shall permit interment in or upon any lot 
hold by him, for a consideration. 

ftdora''*'l'oundB'^ § '^' "^^^ ^^^^ association may take and hold any grant, 
donation or bequest of property, real or personal, upon 
terms to apply the same or the income thereof, under the 
direction of the managers, for the improvement or embel- 
lishment of the said cemetery or for the erection, repair, 
preservation or removal of any tomb, monument or grave- 
stone, fence, railing or other erection, or for the planting 
and cultivating of trees, shrubs, llowers or plants in or 
around any cemetery lot or lots, or improving the premises 
in any other manner, consistent with the design and pur- 
pose of this act, according to the terms of such grant, do- 
nation or bequest. 
Imprisonment § 8. If any persou shall clandestinely open any tomb 

Saves.'^""''"" or grave in the said cemetery, or shall remove or attempt 
to remove any body or remains therefrom, such person, 
upon conviction thereof, in any court of competent jurisdic- 
• tion, shall undergo imprisonment in the state prison, at hard 
labor, for a term of not less than one year nor more than 
three years, or pay a line of not less than two hundred dol- 
lars nor more than five hundred dollars, or both, in the 
Willful viola- discretion of the court having jurisdiction thereof ; and any 

^na^ how PUB- pQj.gQj^ ^^^^Q shall willfully destroy, mutilate, deface, injure 
or remove any tomb, monument, grave-stone or other struc- 
ture, placed within said cemetery grounds, or any fence, 
railing or other work, erected for the protection or orna- 
ment of said cemetery, or any tomb, monument, grave- 
stone or other structure, placed therein, as aforesaid, orshall 
willfully cut, break, injure or remove any tree, shrub, plant 
or any part thereof, within the limits of said ceftietery 
grounds, shall be deemed guilty of a misdemeanor, and, 
upon conviction thereof, before any justice of the peace, 
shall be punished by a fine of not less than five dollars nor 
more than one hundred dollars, or, upon conviction thereof 
before any other court of competent jurisdiction, shall bo 
punished by a fine, as aforesaid, or by imprisonment in the 



OE^fETERIES — INCORPORATED. 319 

county jail, for not exceeding one year, or both, at the 
discretion of the court; and such offender shall, also, bo 
liable to an action of trespass, to bo brought in the name of 
the company or association, before any court of competent 
jurisdiction, for all damages occasioned by his unlawful act 
or acta ; and any person who shall fire «ff any gun or 
other tire arms or fire works or other missiles, capable of 
doing any injury to any structure, plant, tree or other 
thing within said cemetery grounds, shall be punished, as 
last above provided ; which money shall be first applied to 
repair the injury done ; and members of said association ^^° ^^y ^« 
shall be competent witnesses in all such cases, li is further cases. 
provided, that the superintendent or gate-keeper of said 
cemetery may, for the purposes aforesaid, arrest any person 
or persons guilty of any of the said oflenscs, without war- 
rant, and carry him or them before a justice of the peace, 
for trial or examination, 

§ 9. No roads, streets or thoroughfare shall be laid out condemne.V^for 
through any property selected and held by said association right of way. 
for burial purposes, without the consent of the managers of 
said association ; nor shall any land, so selected or held, bo 
condemned for right of way by any other corporation, or for 
any purpose whatever. 

§ 10. Said association may appoint a president, score- of'^Scer's'™^"'^ 
tary, treasurer, and all other such oflicers as may be neces- 
sary, in their judgment, for carrying into effect the objects 
of the association ; also, to prescribe their duties, and re- 
quire them to give bonds, with sufiicient security, for the 
faithful discharge of their respective duties, and, generally, 
to do all other acts and things which they may deem proper 
to carry into efl'ect the objects of this act, not inconsistent 
with the constitution or laws of the state of Illinois. 

§ 11. The said managers shall, annually, cause to be e^enditures°"o 
published in some newspaper published in said county of be reported. 
Jefferson, a full statement of the amounts received in 
money and property, and also the amounts expended and 
for what purpose. 

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

Appro VED March 31, 1869. 



AN ACT to incorporate the managers, of Oakiidgo Cemetery. In ^TlSM."*^^ 

Section 1. Be it enacted hy the People of the State of 
IlUnois, represented in the General Assembly, That the corporators, 
present board of managers of Oakridge Cemetery, of 
Springfield, Illinois : Henry Wohlgemuth, Obed Lewis, 



Name aud style. 



CEMETERIES — INCORPOBATED. 

Alfred A. Xortli and Presco Wright, and 
their successors in office, be and they are hereby declared 
and constituted a body corporate, by the name and style of 
" The Managers of Oakridge Cemetery ; " and, by that 
name, may sue and be sued ; and shall have and enjoy all 
the rights and powers necessary for the government and 
control of said cemetery and to accomplish the purposes 
hereinafter mentioned. 
Present board § 2. Said board of managers, as now organized, shall 

U'oye^'irr^ '*^'' conduct and transact the business and affairs of said corpo- 
ration until the first Monday of January, A. D. 1S70, at 
which time they shall give place to five successors, who 
shall be legal voters and residents of said city, and elected 
by the lot owners in cemetery, from among their own num- 
ber, at an election to be called for that purpose by the pres- 
ent board of managers, on the third Monday of December, 
A. D. 1SG9 ; and said managers, so elected, shall receive 
connnissions from the present board, and give such bond 
and security, for the faithlul discharge of their duties, as said 
board shall direct ; and, thereafter, upon the election of any 
new member, he shall give such bond, for the faithful dis- 
charge of his duties, as said managers shall direct ; and 
the present board shall provide for holding said election, 
prescribe the manner of voting, canvass the votes, and de- 
clare the result ; and all subsequent elections shall, in like 
manner, be under the direction of said corporation. 
Tennsofofflce § 3. After the election of said five managers, as afore- 

of new board. ^.^--^^ ^^^^ ^j^^j^ decide, by ballot, which one shall hold his 
office for one year, which oiie for two 3'ears, and so on, un- 
til they shall have fixed their respective terms for one, two, 
three, four and five years, so that there shall be one vacan- 
cy in said managers every year thereafter ; which shall be 
filled by electio'n, in the manner aforesaid, each year, of 
one manager possessing the qualifications aforesaid, who 
shall hold his office for five years; and in case of a vacancy, 
otherwise than by expiration of term of office, such vacan- 
cy shall be tilled by a vote of a majority of said managers 
—said newly elected manager to be commissioned as afore- 
said, 
organizauon § 4. Upon the clectiou and qualification of said five 

of maDa-eis. managers, as aforesaid, they shall proceed to organize, by 
selecting one of their number president, and one of their 
number" treasurer, who shall be ex officio secretary of the 
board, and, as such treasurer and secretary, shall give such 
bond and security, for the faithful discharge of his official 
duties, as said board shall, from time to time, direct, and 
shall receive such pay and compensation as said board may 
order ; but no other member or officer of said board shall 
receive any compensation whatever. 
May appoint § 5. Said Corporation shall have power to manage and 

troigruundi^""" control, as they may think proper, all burials and inter- 



CEMETERIES — INCOEPOEATED. 321 

ments in said cemetery, and shall have power to employ or 
appoint a sextou and fix his compensation and term of 
office, and to make all improvements and embellishments 
in and about said cemetery, by them deemed necessary and 
advisable, and to make such by-laws, rules and regulations, 
for the government of said cemetery grounds and property, 
as they shall think proper; and. said corporation shall have 
power, by a unanimous vote of said managers, to declare 
what, within a half a mile of said cemetery grounds, shall 
be a nuisance ; and any person or persons suftering any- 
thing so declared a nuisance to remain, after notice of such 
action of said managers in relation thereto, shall be subject 
to a penalty of not exceeding one hundred dollars for each 
day the said declared nuisance shall be suffered to remain 
— to be sued for and recovered by said managers, in an ac- 
tion of debt, in any court having jurisdiction. 

§ 6. Said, corporation shall have power to receive, by May receive 
donation, gift, devise, bequest, or otherwise, any and all cemetery punio- 
moneys and property designed for the benefit of said com- ^^s. 
pany ; and the city clerk of the said city of Springfield 
and said board of managers shall, on the first of each nnd 
every month, account together and ascertain the amount of 
money paid for lots in said cemetery theretofore sold ; and Fani, how 
all such moneys shall, thereupon, be paid over by any offi- '"^''^ ^ ' 
cer of said city having the same to said board of mana- 
gers; and they shall have the sole control and manage- 
ment of all such moneys and property ; but none of the 
same shall bo appropriated, expended, used or applied for 
any other purpose than for the benefit of said cemetery ; 
and said managers shall, as soon as practicable, set apart a 
sum, to be permanently put on interest, either in bonds or 
otherwise ; and shall, from time to time, as they may have 
a surplus, add to the same, until a sum shall be thus ob- 
tained whose interest shall be sufficient to defray the ex- 
penses of said cemetery ; and said managers shall not con- 
tract any debt beyond the moneys in their hands for pay- 
ment. 

§ Y. All laws or parts of laws in conflict with the pro- ^cKSeci. 
visions of this act shall be and the same are hereby re- 
pealed. 

§ 8. This act shall be in force from and after its pas- 
sage, and be deemed a public law. 

Appkoved March 2, 1SG9. 



AN ACT to incorporate the OakwcoJ Cemetery Association. lu force^Warcb 

Section 1. Be it enacted by the jPeopIe of ihs State of 
Illinois, revresented in the General Assemhly, That Jo- corporators, 
seph A. Sawyer, Henry A. Ainsworth, Wilham C, Brown, 
—41 



322 CEMETERIES — INCORPORATED. 

Justus F. Dresser, Levi Sedzley, Isaiah Richmond, Joseph 
Hammond, Thomas Weston, Andrew McFarlane, "VVarren 
P. Cook, Henry Nourse, James M. Ilorford, Robert D. 
Boice, Edsou A. Wood, James McBroom, Jacob Frank, 
Elisha M. Stewart, Daniel Jones, Alexander H. Hammond, 
Edward P. Van Yalkenbnrg, Stephen T. Hume, Erastus 
C. Moderwell, George G, Mowrey, Andrew Crawford, Jo- 
seph C. Entrikin, l^erritt Munson, Mark T. Harrington, 
and such others as the^^ may associate with themselves, be 
and the}^ are hereby created a body politic and corporate, 

Name and style, by the Style and title of " The Oakwood Cemetery Asso- 
ciation," with power to sue and be sued, make contracts, 
use a common seal, make by-laws, rules and regulations, 
consistent with this act, for the governing of said associa- 
tion, and its officers, property and general affairs, acquire, 
hold, and sell real und personal estate, for the purposes of 
this act, and do all other acts necessary for the purposes of 
their organization. 

ca it^Tstock °^ § ^* "^^^ capital stock of said company shall be ten 
thousand dollars, to be divided into shares of one hundred 
dollars each, transferable on the books of the association, 
in such manner and subject to such rules and regulations 
as the directors shall determine. Whenever twenty-six 
shares of said capital stock are subscribed, the baid associa- 
tion may organize and proceed to business. Each share of 
stock shall entitle the holder thereof to one vote at the 
election of directors or determination of such other ques- 
tions as shall be submitted to them by the directors ; and no 
member of said association ehall be liable for the debts of 
the association in a greater amount than the interest actu- 
ally owned by him at the time of the commencement of a 
suit for the collection of the same, nor for any debt not 
contracted during his membership. 
Corporate § 3. All tlio Corporate powers of said association shall 

powers. Y)e vested in and be exercised by a board of directors, con- 

sisting of tive persons, members of said association. Jo- 
seph Sawyer, Levi Sedgley, Edson A. Wood, Jacob Frank 
and Henry A. Aiusworth, are hereby constituted the lirst 
board of directors, and shall hold said ofHco until the lirst 
Monday in March, A. D. 1860, and until their successors 
are appointed. An election of directors shall be held in 
the city of Geneseo, on the first Monday of March, in each 
and every year. Vacancies in the board may be filled by 
the remainder of the board of directors. The board of di- 
rectors shall appoint two of the stockholders to act as 
judges of such election ; and the voting shall be by ballot, 
in person or by iHTxy, authorized in writing. A majority 
of votes cast shall decide the election, and a certificate of 
the fact by the judges of the election* eliall be sufiicient evi- 
dence, in all places, of the result. 



CEMETERIES — INCOEPOEATED. 323 

§ 4. The officers of said association shall be a presi- Officers of the 
dent and secretary, who shall be chosen by the board of ^^^°'^^^^'°^- 
directors, from their number. Said secretary shall, also, 
act as treasurer, and shall give bonds to the president, in 
such security as the board of directors shall require. 

§ 5. The object of said corporation shall be to lay out, objects of the 
plat, inclose and ornament a tract of land, near the city of '^°'^p°''^*^^°'^- 
Geneseo, in Henry county, and state of Illinois, not to ex- 
ceed eighty acres — to be used as a burial place for the dead 
— to be located so as to include that part of the southwest 
quarter of the northeast quarter of section twenty-eight, in 
township seventeen (17) north, of range three (3) east, ith 
p. M., in Henry county, Illinois, not heretofore sold and 
conveyed to Samuel McHose, which is already surveyed 
and platted for that purpose ; and may sell and convey the 
same, in lots, in such manner as they may determine upon. 
The real and personal property of said association shall be 
exempt from all assessments and taxation, and from seizure 
and sale on execution, or by any order or decree of any 
court, and from any appropriation for public uses or pur- 
poses, unless for such uses or purposes as the majority of the 
members of the association and owners of lots shall consent 
thereto; but the association may lease or rent any portion 
of the ground which they may have acquired and not laid 
out for the purposes aforesaid : Provided., that the land and 
property of said association, not used for cemetery pur- 
poses, and which may be leased or improved for other than 
cemetery purposes, shall not be exempt from taxation. 

~' ... , .... Conveyance of 



The conveyance of lots from the association to in- ^q^°^J^^^ 



eeds. 



dividuals may be by deed, signed by the president, and at- 
tested by the secretary of said association, as such, and 
sealed by the corporate seal of the association ; which deed 
shall contain such conditions as may be determined upon 
by said association. Lots sold to be free from execution 
and attachment against the owners thereof. 

§ 7. It shall be lawful for said corporation to take and Jiay ^;«^ceive 
hold any grant, donation or bequest of money or property, piy the same. 
in trust, and to apply the same, or the income thereof, for 
the improvement of said cemetery or in the erection and 
preservation of any tomb or monument, according to the 
terms of any such grant, donation or bequest. 

§ 8. It shall be the duty of said association to keep a „f^„«t7^°^'^'' 
register, in a well bound book, of all conveyances of lots, 
also, all interments made in said cemetery, stating the 
name, age, place of nativity, and date of interment, as near 
as can be ascertained, to be open and free for the inspection 
of any one interested therewith. 

§ y. One-half of all moneys received from sale of lots, 
for the purpose aforesaid, shall be expended in improving 
and ornamenting said grounds ; the balance to be paid to the 
stockholders. 



o2i CEMETERIES — INCOllPORATED. 

iMay levy and § 10. It is fuHhev eiiacted, that the board of dh'ectors 
shall have power, should it become necessary, to levy upon 
the owners of each lot sold in said cemetery, au annual tax, 
not eTiceeding the sum of $2 per lot, for the purpose of 
paying- the expenses of keeping the grounds in good order; 
which may be collected of the owners of lots the same as 
any other indebtedness : Provided^ h(noevei\ that said tax 
shall not be levied so long as said association shall have any 
assets in their hands unexpended. 
Simimljil § 11- ^'^^ ^'^ ^'^ herehy enacted, that if, at any time,' the 
solve asaocia- said corporation shall fail or neglect to attend to and carry 
out the objects of the association, and such failure and neg- 
lect shall sufHcieutly appear to the circuit court of said 
Henry county, on application made by any lot holder, the 
said court may declare said association dissolved; and, on 
such dissolution, the property of said association shall vest 
in the said city of Geneseo, in trust, for the uses and pur- 
poses of this act, and be managed by the municipial au- 
thorities of said city, as a public cemetery, as far as possi- 
ble in compliance with this act, and without detriment to 
the rights of lot owners. The said municipal authorities 
shall have the right to levy the tax of $2 per lot, specified 
in the preceding section, as well as all other powers bestowed 
by this act. 
Former Pales S 12, All conveyanccB of any lots in said cemetery, here- 
toiorc made by Joseph A. Sawyer, as president, and at- 
tested by Henry A. Ainsworth, as secretary, under the cor- 
porate seal of said association, shall bo deemed and taken 
as efiectual for the conveyance of title thereto from said 
association to the purchaser, as if they had been made after 
the passage of this act ; and all ])lats, maps and doings of 
the said association, heretofore done, are hereby ratified 
and confirmed. 

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



^ /o'^i^do''^^^"' ^^' ^'^^ to incorporate the Wcstwood Cemetery Association. 

Section 1. Be it enacted ly the People of the State of 
Illinois^ Teprescnied in the General Assembly^ That Frank- 
corporators, lin L. iihoads, I. McKee Peoples, Thomas S. Ridgway, 
James B. Turner, William G. Bowman and John D. Riche- 
son, and their associates, successors and assigns, are hereby 
^ created a body corporate and politic, by the name and style 
Nameandetyie* of " The "Westwood Cemetery Association ;" qjid by that 
name shall have perpetual succession ; and may have and 



deemed valid. 



CEMETERIES — INCORPORATED. 325 

exercise all such powers as may be necessary for carrying 
into effect the objects hereinafter mentioned. 

§ 2. The objects of the corporation hereby created are objects of tbe 
the preserving, enlarging improving, adorning and beauti- c°''PO'"''^'^°°- 
fying the burial grounds situated on and adjoining to out- 
lot No. 48, in Shawneetown, Gallatin county, Illinois, now- 
known as " Street's Burial Ground ;" and, for these purpo- 
ses, caid association shall have power to acquire, by gift, 
grant, purchase, donation or condemnation, any lands lying 
contiguous to said burial ground, which may be necessaiy 
for the purposes of the same, not exceeding, however, in- 
clusive of the land now belongiDg to said burial ground, 
forty acres ; and they may also acquire, by gift, grant, do- 
nation or purchase, any vacant or unoccupied lots, within the 
present boundaries of said burial ground ; all of whicli said 
lands shall be held by said association sacredly for the only 
purpose of burying the dead and erecting such ornaments 
and improvements as they may deem suitable to said 
cemetery. 

§ 3. The provisions of an act entitled " An act to incor- Re-enactmeut 
porate the Hutchinson Cemetery Association," approved ° p'"°^i^"-'^*- 
February 18, 1861, except when the same are locally inap- 
plicable or conflict with the provisions of this act, are here- 
by re-enacted and made a part of this act : Frovided^ that Election of of- 
the first election under this act may take place at such time 
as a majority of the corporators named in this act shall 
agree on, they giving at least two weeks' notice of the time 
and place of holding such election, by notice, inserted in 
any newspaper published in Shawneetown ; and future 
elections shall be held at such times thereafter as said asso- 
ciation may, by their by-laws, direct. 

§ 4. Should it become necessary for said association to 
condemn any lands, for the uses aforesaid, such condemna- 
tion shall be in the same manner as is provided by the 
laws of this state for the condemnation of lands for railroad 
purposes. 

This act shall be a public act, and shall take effect an d 
be in force from and after its passage. 

Approved April 9, 1869. 



Power to cou- 
demn lands. 



326 CEilETERIES — KEW PRIVILEGES, 



CEMETERIES— NEW PRIVILEGES. 



In forcfi March AN ACT to amend an act entitled "An act to incorporate tlie Oakwood 
15, 1^C9. Cemetery Association," and an act amendatory thereto. 

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

Illinois^ represented m the General Assembly, That the 

Powers and '^''^i^i Cemetery association shall have power and authority. 

privileges. ]-,> boiTow, from time to time, such amount or amounts of 
niMncy. not to exceed, in all, the sum of thirty thousand 
d(jllar8, and at a rate of interest not to exceed ten per cent, 
per annum, for the purpose of paying any indebtedness of 
taid company, or to carry into effect any of the objects 
s])ecitied in its original act of incorporation ; and, for such 
purpose, the said association shall have power and authority 
to issue its bonds or other evidences of indebtedness ; and 
no cash dividends shall be made upon the stock of said as- 
sociation until all of its indebtedness shall be paid and sat- 

DiTidends from fied ; after which, it may declare and pay, from time to 

Baieofiots. {\ix\e^ such dividends, out''of the proceeds of sale of lots or 
other sources of income, upon its stock, as its directors 
shall think proper ; but this section shall not be so con- 
strued as to prevent dividends in stock being credited to 
the stockholders yearly ; and such stock dividends may be 
declared, and stock issued for the same. 
Possession of § 2. The real estate of the said association, so long as 

real estate. ^j^^ same shall remain dedicated to the purposes of a ceme- 
tery, and the lots or plots thereof, when conveyed by said 
association to individual proprietors, for burial purposes, 
shall be exempt from all assessments, wiiatsoever, except 
for drainage or for road purposes. 

Shares of, held. § 3. All lots sold for burial purposes, by said associa- 
tion, when conveyed to individual proprietors, shall be in- 
iudivisible, but may be held and owned in undivided 
shares, 

4. The board of directors may, from time to time, set 



proceeds for im- 
provement. 



apart and invest such portion of the proceeds of sales of 
lots for the permanent improvement of and keeping up, in 
good order, the said cemetery, as they may deem expe- 
dient ; and the sums thus set apart shall never be diverted 
from such use. 

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

Approved March 15, 1869. 



CEMETEBIES — NEW PRIVILEGES. 327 



AN ACT to authorize *he board of officers of the Oakwood Cemetery, in In force June 
the village of Turner, DuPage county, to raise money by assessment of 19> l^'"'- 
lots. 

Section 1. Be rt enacted hy the People of the State of 
Illinois, represented in the General Asse7nbly, That the May assess lots, 
board of officers of Oakwood Cemetery, in the village of 
Turner, DuPage county, are hereby authorized and em- 
powered to raise money, by assessment of lots in said 
cemetery ; said assessment not to exceed the sum of one 
dollar per annum for each lot — to be expended only for 
cemetery purposes by the board or a majority of them. 

Approved March 30, 1869. 



AX ACT to legalize certain proceedings of the Shelbyville Cemetery As- In '^?''"^™'^1"'^^ 
sociation, and to authorize the president and council of the city of Shel- 
byville to hold, use and sell certain real estate as a burying ground. 



1, 1S6B. 



Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That all pro- Power of tms- 
ceedings by and between the Shelbyville Cemetery Asso- land. ° ^""^^^^ 
ciation and the city of Shelbyville in the sale and convey- 
ance of the northwest cjuarter of the southwest quarier of 
section eight, in township eleven north, range four east, in 
Shelby county, by said Shelbyville Cemetery Association 
to said city of Shelbyville, for cemetery purposes, be and 
tlie same are hereby legalized, so as to vest the title to said 
land in said city of Shelbyville. 

§ 2. The name and style of said cemetery shall be "The i^'ame aud style. 
Okaw Cemetery ;" and, by that name and style, the present 
president and council of the city of Shelbyville are hereby 
created a body politic and corporate, for the purpose of 
maintaining and establishing upon said land a cemetery for 
the burial of the dead ; and said president and council, and 
their successors in ofhce, by said name of " The Okaw 
Cemetery," shall have perpetual succession, and be capable 
of suing and being sued, plead and be impleaded, both in 
law and equity ; of contracting and being contracted with ; 
and may make and use a common seal, and alter the same 
at pleasure ; and may acquire, hold and sell real and per- May own real 
sonal estate, for the purposes of this act ; and may do and ^^^^^^' 
perform all such things as are incident to a corporation, or 
that may be necessary to give full effect to the intention 
and purposes of this act ; and may make all such by-laws, 
rules and regulations, not inconsistent with the object of 
this act, for the good government and management of said 
Okaw cemetery ; and to appoint all necessary agents and 
officers for the control of its property and affairs. 



328 CEMETERIES — NEW PRIVILEGES. 

Vested powers. § 3. There shall be vested in said president and council, 
and their successors iu office, by the name of said Okaw 
cemetery, the said real estate described in section first 
hereof, except such lots as may have been sold and con- 
veyed for burial purposes — to be held and sold on such 
terms and conditions, for burial lots only, and with such 
provisions for the care and preservation of said lots, as may 
be agreed upon with purchasers. 
Grounds to be § 4, Said grouuds shall be inclosed by a good and suf- 

ai'purposTs!"^'^^" licicut fcncc, and such buildings erected thereon, for the use 
of the cemetery, as may be deemed advisable ; and said 
grounds may be laid out into burial lots, of convenient size, 
and into proper ways, alleys and avenues ; and when sur- 
veyed and platted and duly acknowledged by said president 
of the said city, may be recorded ; and such recording shall 
have the same effect as the recording of town plats ; and no 
road, street, alley or way, except for the use of the ceme- 
tery, shall be laid out or condemned through said grounds. 
Exemption § 5. All burial lots sold to individuals shall be indivis- 

from taxation, j})}^^ r^jj(]^ ^q the number of four for each person, shall be 

free from taxation and from execution or attachment ; and 

all the cemetery grounds and property shall be exempt from 

taxation. 

Evidence of § 6. A certificate of purchase, signed by tlie president 

title. ^j. gjjj^ ^^^y.^ Qp j^^g successor in office, and attested by the 

secretary, under the corporation seal, shall be sufhcient evi- 
dence of title to lots ; and no purchaser shall transfer his 
t.>r her certificate without consent. Burial lots shall be held 
and used for sepulture only ; and no holder of any lot shall 
permit interment thereon, for compensation. 
ErabeiiiEhmcnt § 7. Improvements and embellishments may be made 

of lots. ^j^ g^jj grounds, in such manner, not inconsistent with the 

design of this act ; and for that purpose grants and dona- 
tions may be received and used. 

May levy las. § 8. An auuual tax, not excccdiug one dollar per lot, 
may be levied and collected, by suit, for the purpose of 
keeping the cemetery grounds in good order, and making 
and repairing fences, and any necessary improvement of 
and upon said grounds. 
objcctionubic § 9. i^o person shall place, erect or construct upon any 

tomb-stouee. ^^.^^.^ ^^^ g^jj grounds, any objectionable, obscene or indecent 
tomb-stone, monument, grave-jewel, engraving or device, of 
jiiiy kind ; and the same, if done, may Ije declared a nui- 
sance, and removed ; and if done with the consent of the 
owner of the lot, the said lot shall be forfeited. 

§ 10. This act shall be a public, and shall take effect 
from and after its passage. 
Approved April 1, 1869. 



CEMETERIES — NEW PRIVILEGES. 329 



AN A.CT to preserve the shore of Lake Michigan for residences. lu force Marc'a 

10, 1SC9, 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented m the General Assembly, That here- Nonewceme- 
after, no cemetery or place for the burial of the dead shall ^^""y ^° ^^^ ^''^^ 
be laid out or established at auj place within one mile of 
the shore of Lake Michigan, in the towns of Lake Yiew 
and Evanston ; and no cemetery or place for the burial of 
the dead, now being within that distance of said lake, in 
said towns, shall be extended, increased in size or enlarged 
beyond its present limits, as laid out and dedicated for the 
purposes aforesaid, so as to bring the said cemetery nearer 
to the lake than its present location, or within the said 
mile. 

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

Approved March 30, 1869. 



AN ACT to amend an act entitled "An act to incorporate the Sterling lu force March 
Cemetery Association," approved February 16, A. D. 1865. ^> 1S69. 

Section 1. Be it enacted hy the People of the State of 
Illinois, represented in the General Assembly, That sec- Act ameaded. 
tion second of an act entitled " An act to incorporate the 
Sterling Cemetery Association," approved February 16, 
A. D. 1865,18 hereby amended, so that the board of mana- 
gers of said association shall be elected annually, at such 
time as said association, by its by-laws, may determine. 

^ 2. Section twelve of said act is hereby repealed. Act repealed. 

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

Approveb March -4, 1869. 



—42 



330 CHICAGO — NEW PRIVILEGES. 

CHICAGO— NEW PRVILEGES. 



In force March AN ACT to ameud an act entitled "An act to reduce the charter of the 
10, 1869. city of Chicago, and the several acts amendatory thereof, into one act, 

and to revise the same," approved February 13, 1863, and the acts 
amendatory thereof. 

Section 1. Be it aiacied by the People of the State of 
Illinois^ represented in the General Assembly^ That here- 

Monicipai eiec- after the municiijal election in eaid city of Chicago shall be 

tion, when held, j^^j^ ^^ the TucscJay Tioxt after the first Monday of Novem- 
ber, in each year ; at Avhich time there shall be elected, by 
the qualified voters of said city, all officers heretofore to be 
elected at the general municipal election under the provis- 
ions of said entitled act. 
Appointment § 2. The municipal oflicers so chosen, shall enter upon 

of oflicere. |.}^g dutics of their respective offices on the first Monday of 
December, succeeding their election. 
Mayor, attor- § 3. The mavor, city attorney, treasurer, collector, and 

rlr^^^term^^SfClci'lv of the police court, shall be elected by the people, 

office. and shall hold their respective offices for the term of two 

years and until their successors shall be elected and quali- 
fied. The person having the highest number of votes in 
the whole city, for either of such' ofiices, shall be declared 
elected. 
wards,niimber § 4. The city of Chicago shall be divided into twenty 

°^' wards, as follows : 

First ward. Mrst Ward. — All that part of the South Division of said 

city which lies south of the centre of the main Chicago 
river and north of tlic centre of Monroe street shall be de- 
nominated the Fii-st Ward. 

Second ward. , Second Ward. — All that part of the South Division of 
said city which lies south of the centre of Monroe street 
and north of the centre of Harrison street shall be denomi- 
nated the Second Ward. 

Tbirdward. Third Ward. — All that part of the South Division of 

said city which lies south of the centre of Harrison street 
and north of the centre of Sixteenth street shall be de- 
nominated the Third Ward. 

Fourth ward. .t'ov.rth Ward. — All that part of the South Division of 
said city which lies south, of the centre of Sixteenth street 
and east of the centre of Clark street and a line corres- 
ponding with the centre of the last named street, projected 
southerly to the centre of 2Gth street and north of the 
centre of said 26th street, and a line corresponding with 
the centre of the last named street, projected easterly to 
Lake Michigan, shall be denominated the Fourth Ward. 

Fifth ward. Fifth Ward. — All that part of the South Division of said 

city which lies south of the centre of 26th street and a line 



CHICAGO — NEW PRIVILEGES. 331 

corresponding with the centre of said street projected east- 
erly to Lake Michigan, and east of the centre of Clark 
street and a line corresponding with the centre of the last 
named street projected southerly to the city linaits, shall be 
denominated the Fifth Ward, 

Sixth Ward. — All that part of the South Division of said sixth ward, 
city which lies south of the centre of Sixteenth street and 
west of the centre of Clark street and a line corresponding 
with the centre of the last named street projected southerly 
to the city limits, shall be denominated the Sixth Wra-d. 

Seventh Ward.—A\\ that part of the Yf est Division of Seventh ward, 
said city which lies south of the centre of Sixteenth street, 
shall be denominated the Seventh Ward. 

Eighth }YarcL—AR that part of the West Division of ^-^^^ ^^'■'^• 
said city which lies north of the centre of Sixteenth street 
and south of the centre of Twelfth street, shall be denomi- 
nated the Eighth Ward. 

JSfinih Ward. — All that portion of the West Division of Nmthward. 
said city which lies north of the centre of Twelfth street, 
east of the centre of Centre avenue, and south of the centre 
of Yan Buren street, shall be denominated the I^inth 
Ward. 

Tenth TFar^.— All that part of the West Division of said Tenth ward, 
city which lies north of the centre of Van Buren street, 
east of the centre of Aberdeen and Curtiss streets, and south 
of the centre of Randolph street, shall be denominated the 
Tenth Ward. 

Eleventh Ward.—hAl that part of the West Division of Eleven h ward 
said city which lies north of the centre of Randolph street, 
east of the centre of Curtiss street, and south of the centre 
of Fourth street, shall be denominated the Eleventh Ward. 

Twelfth Ward.—KW that part of the West Division of Twelfth ward, 
said city which lies north of the centre of Twelfth street, 
east of the centre of Reuben street, south of the centre of 
Fourth street, and west of the following boundary, viz : 
commencing at the centre of Fourth street, and running 
thence south, on the centre of Curtiss and Aberdeen streets, ' 

to the centre of Van Buren street ; thence west on the 
centre of Van Buren street, to the centre of Centre avenue ; 
thence south on the centre of Centre avenue to the centre 
of Twelfth street, shall be denominated the Twelfth Ward. 

Thirteenth Ward.~h\\ that part of tlie West Division of Thirteenth ward 
said city which lies north of the centre of Twelfth street, 
west of the centre of Reuben street, and south of the centre 
of Lake street, shall be denominated the Thirteenth Ward. 

Fourteenth Ward. — All that part of the West Division Fourt'nth ward. 
of said city which lies north of the centre of Lake street, 
south of the centre of Chicago avenue, and west of the 
centre of Reuben street, shall be denominated the Four- 
teenth Ward. 



332 CHICAGO — NEW PRIVILEGES. 

Fifteenih ward. Fifteenth Ward. — All tliat ])urt of tlio West Division of 
said city which lies north of the centre of Fourth street and 
Chicago avenue, not included in any of the foregoinp; 
wards, shall be denominated the Fifteenth Ward. 

Sixteenth ward. Sixteenth. Ward. — All that part of the Xoi-th Division of 
said city which lies north of the centre of iNorth avenue, 
shall bo denominated the Sixteenth Ward. 

sevenfuthward Seventeentk Ward. — All that part of the North Division 
of said city which lies south of the centre of North avenue 
and north of the centre of Division street, shall be denomi- 
nated the Seventeenth Ward. 

Eigbt'iith ward. Eighteenth Ward. — All that part of the North Division 
of said city which lies sonth of the centre of Division street 
and west of the centre of Franklin street, shall be denomi- 
nated the Eighteenth Ward. 

Ninefnih ward. Nineteenth Ward. — All that part of the North Division 
of said city which lies south of the centre of Division street, 
east of the centre of Franklin street and north of the centre 
of Chicago avenue, shall be denominated the Nineteenth 
Ward. 

Twentieth ward Twentieth Ward. — All that part of the North Division of 
said city which lies south of the centre of Chicago avenue 
and east of the centre of Franklin street, shall be denomi- 
nated the Twentieth Ward. 
Time of eiec- § ^' "^^^ terms of oflfice of all officers of the present 

tionaud term of municipal government of said city, and every branch there- 
of, whether elected by the peo])le, l^the common council, or 
appointed by the mayor, and which expire before then, are 
hereby extended to the first Monday of December, 1869, 
and until their successors are elected and qualified : Prom- 
(led, that the several oflicers, whose terms of office are 
hereby extended, who are required b}^ law to give otficial 
bonds, shall renew their said bonds or give new ones; and 
in case such ofiicer or ofiicers shall not renew their said 
oflicial bonds, on or before the expiration of the time for 
which they were originally elected or appointed, then, and 
in that event, the said term of such ofiice shall expire, the 
same as though this act had not been passed, and the re- 
maining portion of the extended time shall be filled as in 
other cases of vacancy. 
Biennial eiec- § 6. That all ofiicers of the municipal government of 

*^°"- said city, elected by the common council thereof, or ap- 

pointed by the mayor, shall be so elected and appointed on 
the second Monday of December, 1869, or as soon there- 
after as may be, and bienially thereafter. 
Representation § T. The several wards of said city, created by this act, 

in council. shall be, respectively, represented in the common council by 
two aldermen, who shall be residents thereof, and who shall, 
except as herein otherwise provided, hold their oflices, 
respectively, for two years, from and after the first Monday 
in December next succeeding their election. They shall be 



CHICAGO — ITEW PRIVILEGES. 333 

divided into two classes, eacli class consisting of one aklcr- 
mau from each ward. The seats of the first class shall be Expiration of 
vacated at the end of the first year, and of the second class ^^™^' 
at the expiration of the second year, so that one alderman 
from each ward shall be annually elected. In all cases 
where two aldermen are to be chosen from the same ward, 
at any annual election, the alderman having the highest 
nnmber of votes shall be declared elected for two years, 
and the candidate having the next highest nnmber of votes 
for one year; and in case of the two successfnl candidates 
having an eqnal number of votes, the term of service to 
which they shall be respectively entitled shall be determined 
by the casting of lots, in the presence of the common coun- 
cil ; and the result shall be entered on their proceedings 
and records. 

§ 8. Wherever the boundaries of any ward are not when iiounda- 
changed by this act, and wherever, by the provisions of "^^^''*"^^^°sed 
this act, the aldermen having the longest term to serve shall 
thereby become a resident of a ward differently numbered 
from that now represented by him, he shall continue to hold 
office as an alderman of such ward until the annual election 
in November, A. J). 1870. and until his successor is elec- 
ted and qnalitied : Provided, that if in any case two or ^ . r ,^ 

1 1 -*■ 1 . , f-^ 1 ''.■,-, Seat of alder- 

more aldermen, whose terms of omcedo not expire by tne man may beva- 

act to which this is an amendment until May, 1870, shall, '^"''®'^' 
by the division of wards, as aforesaid, become residents of 
one and tlie same ward, then, and in that event, the terms 
of office of such aldermen shall cease and determine on the 
first Monday in December, 1869 ; and, in the case last 
aforesaid, the legal voters ot such ward, at the annual elec- 
tion in jMovember next, shall elect two persons to represent 
said ward in the common council, whose terms of office 
shall be determined in the same manner as provided in sec- 
tion seven of this act. 

i^ 9. Hereafter, inspectors of elections for said city of luspectors of 

,^-H 1 n 1 ' . n - 1 I 1 £■ - "^ ..elections. 

Chicago shall be appointed oy the board ot supervisors of 
Cook county, annually, at the session of said board held 
immediately preceding 'each election ; and a majority of the 
board of inspectors may appoint two clerks ; and such in- 
spectors and clerks may, respectively, be allowed not ex- 
ceeding four dollars per day for each and every day they are 
engaged, whether in holding the election or making a regis- 
try of the voters. 

§ 10. Nothing in this act shall be construed to change Board of pub- 
the terms of office or manner of appointing and electing the othero°ffi^lr3''n''ot 
members of the board of public works and the commissioner affected. 
of taxes ; nor in any way change or alter the terms of office 
or the time or manner of electing or appointing the mem- 
bers of the board of education. The common council shall, 
at the time provided by law for the election of school in- 
spectors, in the month of May, 1869, in addition to the 



Vors 



334 CHICAGO — NEW PRIVILEGES. 

number of scliool inspectors required by law to be thea 
elected, elect four additional scliool inspectors ; which said 
four additional school inspectors shall be selected from four 
wards in said city in which no school inspector shall then 

School ••'ispec- reside. The board of education shall then, and thereafter, 
consist of one school inspector for each ward. One of the 
said four additional school inspectors shall vacate his seat 
and his term of office shall expire at the expiration of the 
» first year, one at the expiration of the secoud year, one at 

the expiration of the third year, and one at the expiration of 
the fourth year — to be determined by lot, in the presence 
of the common council, at the meeting of the common coun- 
cil at which the said four additional school inspectors shall 
be elected ; and the common council shall, annually there- 
after, in the month of May, after the first Monday thereof, 
elect live school inspectors, to succeed those whose terms of 
office shall then expire. 

Election of § 11. On the first Monday of December next, and 
presiding officer j^qqu^iij thereafter, the common council of said city shall 
elect from the aldermen a presiding officer, who shall be 
invested with all the powers and duties incident thereto. 

Eetnrn of § 12. The retums of elections, ballots, poll and registry 
election. jjgj,g q^. j^Qoks, shall bc made to and deposited with the clerk 

of the county court of said Cook county ; and in canvassing 
said returns, he shall call to his assistance the city clerk of 
said city and three justices of the peace of said county, who 
shall constitute the board of canvassers, and who shall have 
all the powers and perform all the duties appertaining 
thereto, as now required by law, and, as to city ofiicers, 
shall certify, in writing, to the common council of said city, 
under their hands, the number of votes received by each 
rind every candidate voted for, for any municipal office, 
immediately after the making of said canvass. 

Quaiiiications § 13. The qualiiicatious of voters, under this act, shall 
of voters. i^Q ^.j-jg gi^iy^Q rjg jjQ^y required by law at general elections; 

and all officers to be elected by the people, under this act, 
shall be voted for on the same ballot with the officers to be 
elected under the constitution and •general laws of the state. 
Board or health. § 'i-'^- The board of health are hereby authorized and re- 
quired to select from their number one who shall act as 
sanitary superintendent, and who shall devote his whole 
time to the duties of said office, for which he is to receive, 
in addition to his salary as commissioner, the sum of twenty- 
five hundred dollars, payable at such times and in such 
manner as the salary of commissioners is now paid. 

Duty of police ^ 16. The policc commissiouers of said city shall, here- 
commissioners. ^^-^^^^ dcvotc their entire time and attention to the duties of 
their office, and shall, respectively, receive an annual salai-y 
of three thousand dollars. 

Official pro- § 17. The Contract of said city with the corporation and 
puSled. '^"^ German newspaper, for the publication of the official pro- 



CHICAG-0 — NEW PKIVILEGES. 335 

ceedinc;8, reports, assessments, and other notices, is hereby 
continued until the second Monday in December oext, 
when the common council shall proceed to elect the corpo- 
ration printer, and designate the German newspaper for the 
publication of the official proceedings of tlie different wards, 
the reports, assessments and other notices, for the same 
time as provided in section 6 of this act for the election of 
other city officers. 

§ 18. If any officer, either elected or appointed in said ^^^^^^^^""""^ ^'^ 
city, representing a ward or division in any of the branches 
ot the city government, shall not reside in or shall remove 
from the ward or division he represents, his office sLall be 
deemed vacant and be filled as now provided by law, 

§ 19. All acts and parts of acts conflicting with any of oonfiictmgacis 
the provisions of this act are hereby repealed; and this act ^'^wLn'this act 
is hereby decLared to be a public act, and shall take effect shaii take effect. 
and be in force from and after its passage. 

Approved March 10, 1869. 



AN ACT to amend an act entitled " An act supplementary to ' an act to lu force March 
?educe the charter of the city of Chicago, and the several acts ameuda- ■^"' '^''^' 
tory thereof, into one act, and to revise the same,' approved February 
13th, 1863, and the several amendments thereto," appro /ed March 0th, 
1869. 

Section 1. JJe it enacted ly the People of the State, of 
Illinois^ rej^resented in the General Assembly, That the Acts amended, 
twenty-third article of section 1, of chapter 5, of an act en- 
titled "An act supplementary to 'an act to reduce the 
charter of the city of Chicago, and the several acts amend- 
atory thereof, into one act, and to revise the same,' approved 
February 13, 1863, and the several amendments thereto," 
approved March 9, 1867, be and hereby is amended so as 
to read as follows : To allow dummies or steam engines to , 

be used on the street railways of said city, upon such terms 
and conditions as said common council may, by contract 
with said railway companies, determine. 

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

Approved March 10, 1869. 



AN ACT supplementary to and amendatory of the charter of the city of In force March 
Chicago and the several amendments thereto. ■'•'' ^^^' 

Section 1. Be it enacted hy the People of the State of 
Illinois^ represented in the General Assembly^ That if any Term of of- 
of the present aldermen of the city of Chicago, having the 



336 CHICAGO — NEW PEIVILEGES. 

longest term to serve, shall have removed since the first 
day of January, A. D. I860, or shall remove on or before 
the annual election, in November next, into any ward cre- 
ated under any law passed by the present general assemWy 
of this state, the term of office of such alderman shall cease 
and determine on the first Monday in December next. 
Bouudaries ex- § 2. That the act passed by the prcscnt general assem- 
cndetj. , i^iy^ prescribing and defining the boundaries of the wards 

in said city, and for other purposes, be and the same is 
hereby so amended, that the north and south boundaries of 
the Ninth ward, created under saigl act, be and the same are 
hereby extended westwardly to the center of Loomis street ; 
and the center of the last named street shall be the western 
boundary thereof; and, also, the eastern boundary of the 
Twelfth ward, as established by said act, south of the center 
of Van Euren street. 

§ 3. This act shall be a pubhc act, and shall be in force 
from and after its passage. 

Approved March 11, 1S69. 



In force March AN ACT to anieud " An act supplementary to an act to reduce the charter 
15, 1SC9. ()[• tlie city of Chicago and the sevcnil acts amendatory thereof into one 

act, and to revise the same, approved February 13th, 18G3, and the sev- 
eral amendments thereto," approved March 1>, 181)7. 

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

Illinois, rej^resented in the General Asse?nU(/, Tlie board of 

When j.oiicc- policc, whcu chargcs of incompetency, lack of energy or 

;.'J™™'|y'^'='^''-judgnient, are preferred and proven against any policc offi- 
cer, holding any position above the grade of patrolman, 
may, in their discretion, reduce such (»fficcr to any lower 
position uj)on the police force, which they may deem the 
said ])'i]ice officer competent to fill ; l>ut, otherwise, when 
either uf said charges are proven against such officers, lie 
shall be discharged from the police force. 
Violations ot '•tl§ ^- The Superintendent of police, or the acting snper- 

•■"'es. intendent of police, ma}^ prefer written charges, without 

oath, before the board uf police, for any viulation of the 
police rules, regulations or orders, against any police officer 
or patrolman upon the regular police force, upon his own 
knowledge, or upon written information communicated to 
him by any member of the police department. 
BoardmayBus- § 3. During the pending of chargcs agaiust any police 

pend policemen Q^jcei- qj. patrolman, upon the police force, the board of po- 
lice, or any member of said board, may suspend from duty 
any such officer or patrolman, until such charges can be ex- 
amined by the board of police. 



CHICAGO — NEW PKIVILEGES. 



337 



§ 4. In case any police officer or patrolman, upon the Policemen, 
regular police force, shall have been proven guilty of any '^"w punished, 
violation of the rules, regulations or orders ot the board of 
police, the said board shall, by order, subject such officers or 
patrolmen to reprimand, forfeiture of pay due or to become 
due, for a time not exceeding thirty days. 

§ 5. It shall be a misdemeanor, punishable by a line <^f aif/J^^fff" viola- 
not less than fifty nor exceeding one hundred dollars, for tions of rules. 
any person, not holding an appointment from the board of 
police, either as regular or special policeman, to assume to 
act as a .policeman, in any capacity, within the city of Chi- 
cago. 

§ G. No person, not a member of the regular police To wear badge 
force of the city of Chicago, and not being in the employ ^"^^"">f°^™- 
of said city, shall act as a special policeman, without wear- 
ing such badge and uniform as the board of police shall 
prescribe, under a penalty of not less than fifty nor more 
than one hundred dollars. 

§ 7. Each captain of police shall receive an annual sal- salary of po- 
ary of two thousand dollars, and each sergeant of police ''^®'^^^^'°- 
shall receive an annual salary of fifteen hundred dollars. 

§ 8. Any person or corporation, beiuo; the owner or oc- Powers of po- 
cupant of any building or premises, within the city of Chi- ''^'^^oard. 
cago, who shall violate any regulation or order of the board 
of police, which may be made by said board in conformity 
to the powers conferred upon said board by section nine (0) 
of chapter three (3) of "An act supplementary to an act" 
to reduce the charter of the city of Chicago and the sev- 
eral acts amendatory thereof into one act and revise the 
same, approved February 13, 1863, and the several amend- 
ments thereto," approved March 9, 1867, or who shall fail Powertoinsme 
to comply to any regulation or order of said board, direct- f^^^J "^ ^"^^^' 
ing such person or corporation to raze, demolish, remove, 
change or make safe any building, wall or erection, or any 
part thereof, which by reason of lire, lack of sufficient num- 
ber of props, stairways, doors, landings, passage ways, or 
other thing necessary, or which, in the opinion of said board, 
may, by any probable contingency, become necessary to 
insure safety to the occupants or to the life or health ot the 
people in the vicinity thereol", shall be subject to a fine, not 
less than five dollars and not exceeding one hundred dollars, 
for each day, after being notified of such regulation or 
order, such person or corporation shali fail to comply with 
such regulation or order of said board. 

§ 9. The board of police shall have power -to appoint cierts in fire 
clerks in the fire department, and fix tlieir pay. department. 

§ 10. The fire marshal shall receive an annual salary of of'^'^offlclrf ^of 
thirty-five hundred dollars ; the first assistant fire marshal n re department, 
shall receive an annual salary of eighteen hundred dollars ; 
the second assistant fire marshal shall receive an annual 
salary of seventeen hundred dollars ; and the third assist- 
—43 



66b CHICAGO — NEW riilVILEGES. 

ant lire marshal shall receive an annual salary of sixteen 
himdred dollars, 
voteof mem- § 11. No property belonging to the city of Chicago, or 
perty"^^" '"■°' to the school kind of said city, shall be sold or conveyed, 
except upon a vote of three-fourths of all the aldermen by 
law authorized to be elected ; and no abatement shall be 
made by the common council of said city to any party who 
shall, in any way, hold any property, as lessee or otherwise, 
belonging to the school fund of said city, unless by a vote 
of at least four- fifths of all the members of the common 
council of said city ; and no abatement shall be made on 
the assessed value of any such property, unless by a vote 
of at least four-fifths of all the members of the common 
council of said city. 

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

xippKovED March 15,^1869. 



In force Dec. C, AN ACT to amend an act entitled "An net to reduce the charter of the 
16C9. city of Chicago and the several acts amendatory thereof into one act, 

and to revise the same," approved February 13th, 1SG3, and also the sev- 
eral amendments thereof. 

Section 1. jBe it enacted hj the People of the State of 
Illinois, represented in the General Asscu\hly, That the 

Part of section first Sentence of section seventeen, of chapter tifrh, of said 

repealed. ^^^^ approved February 13, 1863, be and the same is liereby 

repealed, and the following clause adopted instead thereof. 

New clause viz : " The treasurer may be required to keep any and all 

adopted. moucys in his liands, belonging to said city, in such bank 

or banks or other place or places of general deposit, or in 
such place or placosjof deposit, in the manner and upon the 
conditions and upon such rates of interest, or otherwise, as 
the common council may, from time to time, by resolution 
or ordinance, provide, order, establish or direct." 
Section tMrty § 2. That scction thirty-one, of the said chapter fifth, 

amended. |^^ amended, by inserting in the third line, after the words 
" without loaning or using," the following words, viz : " un- 
less diflerently directed by ordinance or resolution of the 
common council; and, also, that the same words be inserted 
in the fifteenth line, of the same section, immediately after 
the words " witliout- interest." 
Section thirty. § 3. That sectiou thirty-two, of the said chapter five, be 

two amended. ^^^ ^j^^ g^^^^^ jg hereby so amended that the word " unlaw- 
fully " shall be inserted before the word "use," wherever 
the same occurs in the said section, so that the same shall 
be construed to read " unlawfully use," &c. 



CHICAGO — NEW PRIVILEGES. 339 

§4. Incase any mouey belonging to the cit}'' of Chicajyo Money, how 
shall, by ordinance or resolution, be ordered or directed by ^p°^"^ • 
the common council to be deposited in any bank or banks, 
it shall be the duty of the common council, before any such 
money is so delivered to such bank or banks, to cause such 
bond or bonds, or other sesurity or securities, to be given 
to the city of Chicago, as the common council may approve. 

§ 5. This act shall be deemed a public act, and shall 
be in force from and after the sixth day of December, A. 
D. 1869. 

Appkoved March 29, 1869. 



AN ACT supplemental to an act entitled "An act to amend an act to reduce In force April 
the charter of the city of Chicago and the several acts amendatory thereof ^^' •^®^^' 
into one act, and to revise the same," approved March 10, 1869. 

Sectiox 1. Be it enacted hy the People of the State cf 
Illinois^ represented in the General Assembly, That all Land condemn'd 
lots, parts of lots or lands, comdemned by the common 
council of the city of Chicago, for streets, alleys, or other 
public use, shall be exempted from taxation from and after 
the lirst day of May following; but if such condemnation 
be defeated by law, or otherwise, then such lots or land 
shall be relisted, and be liable for all taxes and assessments 
not assessed or collected while under condemnation. 

S 2. The commissioner of taxes may recommend, and Maymakead- 
the common council may approve oi adaitional assessment meDts. 
districts, and may appoint assistant assessors, not to exceed 
one for each district ; and, when appointed, they shall give 
bonds, and take an oath of office, and have the same powers 
as assessors in their districts ; and the common council 
shall hx their salaries at not to exceed one hundred dollars 
per month, while employed ; and they maybe employed from 
May tirst to December first, each year. 

§ 3. Personal property, within the city of Chicago, shall jS"^""*^" ^^^° 
be listed as from the first day of May until the last day of 
April, in each year ; and the tax for the current year shall 
be a lien thereon from May first, but may be collected from 
other personal or real property of the person or persons 
assessed. 

§ 4. The tax lists, with warrants attached, as now pro- L^stsfor tax. 
vided, shall be delivered to the city collector by the con- 
troller on or before the second Monday in December, in 
each year. 

§ 5. The city collector shall, between the first day of 'Iff^^l^^lt 
February and the fifteenth day of March, in each year, re- If. 
port to some court of competent jurisclictionj at a regular or 



340 



CHICAGO — OBLIGATIONS. 



special term thereof, all unpaid taxes and assessments, as 
now provided, and ask for judf^ment thereon. 
Tax commis- § 6. All deeds or other conveyances of real estate, and 

SerYcords.^*™" ^^^ P^'^ts of divisions or subdivisions, before being recorded, 
shall be presented at the ottice of the commissioner of taxes, 
who shall take notes of the same, and m;ike them a part of 
the records of his office ; and he shall stamp all such deeds 
or articles of conveyance and plats with the words "Exam- 
ined — commissioner of taxes." 
Loans to pay § 7. T!;e mayor and controller may make temporary 

aseessments. lo^ns, to pay spt'cjal assessments against city property, when 
due, and may make all temporary loans, now provided for, 
fall due on the first day of June, of each j^ear. 

Salaries of offi. ^ 8. The commou council shall, annually, fix the sala- 

cers. j.^gg q|- |.j^g mayor, controller, collector, board of public 

works, commissioner of taxes, and city counselor, at not 
less than four thousand dollars per annum. 
Aegistant may § 9. The Commissioner of taxcs. Under tiie direction and 

be appointed. \<, approval of the Controller and the finance committee, may, 
from time to time, employ such help as he may need in his 
office, and fix the compensation therefor. 
^Lo^s^smveyed § 10. All lots, or parts of lots or land, of less size front 
and rear than one foot wide, if required to be assessed sep- 
arate, shall first be surveyed, platted and recorded by the 
owner, if required to do so by the assessor ; and until so 
platted and recorded, it may be assessed with the lot (»r 
land of which it was an original. 

§ 11. This act shall be deemed a public act, and be in 
force on and after its passage. 
ArriiOVED April 19, 1869. 



and platted. 



CHICAGO— OBLIGATIONS. 



in force March AX ACT to authorize tlie city of Chicago to issue bonds, lor the purpose 
10, 1869. of paying tiie debt incurred for and attending the water and sewerage 

work.s of said city, and also to purcliasc or lease grounds and erect school 
houses in eaid city, and for cleansing the Chicago river. 

Section 1. Be it enacted hy the People of the 'State of 
Illinois, represented in the General Assembly, That the 
Poweisandpri- city of Chicago shall have, and the power is hereby given 
vi.e-ee. jj-^ ^^^ borrow, iVom time to time, as the board of public 

works and the common council of said city shall deem expedi- 
ent, a sum of money, not exceeding 82,000,000, for the pur- 
pose of paying any debt or debts contractec] by said city, on 



CHICAGO — OJiLIGATIONS. * 341 

account of the Chicago water works, and to increase and 
extend the supply of water in said city. 

§ 2. Like powers and authority is hereby given and May borrow 
granted to said city to borrow, from time to time, as the ^°'^'^^- 
board of public works and the common council of said city 
shall deem expedient, a sum of money, not exceeding 
$1,000,000, for the purpose of paying any debt or debts 
contracted by said city, on account of the sewerage works 
thereof, and to increase and extend the sewerage works of 
said city. 

§ 3, Power and authority is, also, hereby given and Power to buiid 
granted to said city to borrow, from time to time, as the 
board of education and common council of said city shall 
doem expedient, a sum of money, not exceeding $y6o,000, 
for the purpose of buying and leasing grounds for school 
houses, and for the erection of and furnishing of school 
houses in said city. 

§ 4. The board of public works of said city, by and with Mayiseue bonds 
the approval of the common council, shall have power to 
issue bonds for the water and sewerage works of said city, 
to the extent of the several sums above mentioned, and for 
the aforementioned purposes respectively, and for the same 
time, and upon the same terms and conditions as now re- 
quired by law in such cases. 

§ 5. The common council shall have power, and is [f^i^^^f'"^"^ 
hereby authorized to provide, by ordinance, for the issuing school iioWs. 
of bonds for the purchasing and leasing of grounds or lauds 
for school houses, and the erection of and furnishing of 
school houses, upon the same terms and conditions as now 
required by law, to an amount not exceeding $700,000, as 
is provided in section 3 of this act. 

§ 6. For the purpose of carrying out the improvement Actamendaiory 
contemplated by the eleventh, twelfth, fourteenth and eigh- 
teenth sections of an act, approved February 15, 1865, and 
entitled "An act to amend an act entitled 'an act to reduce 
the charter of the city of Chicago, and the several acts 
amendatory thereto into one act, and to revise the same,' " 
approved February 13, 1863, and also sections 5, 6, 7 and 
S, of chapter 16, of the last named act, the said city of Chi- 
cago shall have power to borrow, from time to time, as the 
board of public works and the common council shall deem ex- 
pedient, an additional sura of money, not exceeding $1,000,- 
000, upon the credit of said city of Chicago, and to issue 
bonds therefor, in the manner and upon the terms and 
conditions authorized by section 16, of chapter 16, of said act 
of February 13, 1863. 

§ 7. Section 21, of an act, approved February 15, 1865, ^ ^e^^°^J] °^ 
entitled '* An act to amend an act entitled 'an act to reduce ^^ ^^'^^ 
the charter of the city of Chicago and the several acts 
amendatory thereof into one act, and revise the same,' " 
approved February 13, 1863, be and the same is hereby so 



342 CHICAGO — PAYEES. 

amended that the city of Chicago may, by resolution or or- 
der of the common council, issue and sell bonds, fur the 
purpose specified in said section, not exceeding the sum of 
$300,000 in any one year. 
Conflicting acts § 8. Tliis a'ct shall be a public act, and take effect from 
repealed. "^ .^jn^^[ after its pasBRgo ; and all acts and parts of acts in con- 
flict herewith are hereby repealed. 
Appkoved March 10, 1869. 



CHICAGO— PARKS. 



In force Feb. 27, AN ACT to amend the charterof the city of Chicago, to create a board of 



1869. 



Park Commissioners, and authorize a tax in the town of West Chicago, 
and for other purposes. 



Section 1. Be it enacted by the People of the State of 
Illinois^ represented in the General Assernhlij, That the 

Limits extended territorial Hmits of the city of Chicago shall be and are 
hereby extended as follows : That part of section thirty 
(30), township forty (-10) north of range fourteen (14) east 
of tlie third (3cl) principal meridian, which lies west of the 
north branch of the Chicago rivoi*; section twenty-five 
(25), township forty (40) north of range thirteen (13) east 
of the third principal meridian, except that part of said 
section lying east of the center of the north branch of the 
Chicago river; sections twenty-six (20), thirty-five (35), 
and thirty-six (36), in township forty (40) north of range 
thirteen (13) east of the third (3d) principal meridian ; sec- 
tions one (1), two (2), eleven (11), twelve (12), thirteen (13), 
fourteen (14), twenty-three (23), twenty-four (24), twenty- 
five (25) and twenty-six .(26), in township thirty-nine (39) 
north of range thirteen (13) east of the third (3d) principal 
meridian ; and that part of sections thirty-five (35) and 
thirty-six (36), in township thirty-nine (39) north of range 
thirteen (13) east of the third principal meridian, lying 
northwest of the center of the Illinois and Michigan Canal, 
shall be and are hereby added to said city, and shall consti- 
tute a part of the West Division of said city and of thC' 
town of West Chicago ; and the said added or new terri- 
tory shall cease to be a part of the several towns to which 
it now belongs or a])pertains ; and the outside boundary of 
the West Division of the city of Chicago, as hereby estab- 
lished, shall be the outside boundary of the several wards 
of said city which now extend to the present city limits. 

Commissioners. | 2. Scvon pcrsons, resident freeholders and qualified 
voters of said town, who shall be designated by the gover- 



CHICAGO — PAKKS. 343 

iQor of the state Illinois, together with their sitccessors^ , 
shall be and they are hereby constituted a board of pub- 
lic park commissioners for the town of West Chicago, to 
be known under the name of " The West Chicago Park 
Commissioners," and in case of the failure of any of 
said persons to accept such appointment, and to qualify 
thereunder, as hereinafter provided, within sixty (60) days 
after the passage of this act, the place of such person in 
said commission shall be thereby vacated, and it shall bo 
the duty of the commissioners so accepting to certify the 
fact of such failure and vacancy to the governor, who shall 
appoint some suitable pei-son or persons, possessing the 
quaMcations aforesaid, to fill the place or places thus made 
vacant ; and vacancies shall continue to be filled in like 
manner until the board shall have been filled and consti- 
tuted by the acceptance and qualification of seven persons. 
Each of said commissioners, before entering upon the du- 
ties his ofiice, shall take an oath to well and properly dis- 
charge the duties of his ofiice, for the interests of the pub- 
lic, which oath shall be reduced to writing, subscribed to 
by him, and filed in the ofiice of the county clerk of Cook 
county. They shall each give a bond in the penal sum of 
twenty thousand dollars, with one or more sureties, to be 
approved by the judge ot the circuit court of Cook county, 
to the treasurer of Cook county, conditioned for the faith- 
ful discharge of their duties under this act. 

§ 3. As soon as convenient after the said board shall Term of office. 
be constituted as aforesaid, the members thereof sliall de- 
cide, by lot, at a meeting to be called by any three of them, 
as to the respective term for which each member shall hold 
his ofiice ; the number of lots shall equal the number of 
commissioners, and the person drawing the longest terra 
shall serve seven years from the first day of March, A. D. 
1869 ; the one drawing the next shall serve fur six years 
fron said date ; the one drawing the next shall serve for 
five years from said date ; and so on until the term of each 
one of said commissioners shall be definitely determined, 
each one serving for the length of time inscribed on the 
lot drawn by him, the last of said commissioners serving 
for the term of one year only, from said first day of March, 
A. D. 1869. As soon as the terra of office of each of said orgAmzuion. 
commissioners shall be determined as aforesaid, said board 
shall organize by electing one of their number as j)resident, 
and one of their number as auditor. They shall also ap- 
point a treasurer, prescribe his duties, and fix his compen- 
sation, who shall give bond for the faithful discharge of his 
duties in the penal sum of fifty thousand dollars, with not 
less than three sufficient sureties, to be approved by the 
iidge of the circuit court of Cook county. They shall also 
choose a secretary, who shall not necessarily be a commis- 
sioner, and who shall hold his office until his successor shall 



i)oanl. 



oii CniCAG':> — PARKS. 

be apiDointed, as hereinafter provided ; und all officers ap- 

])uintcd by the board shall be subject to removal at the 

Kecord of pio- [Measure of the board. The said board shall adopt a seal 

(eediugp. .^j,(j jj||-gj, ^jjg same at pleasure ; they shall keej) a complete 

record of all their proceedings, which shall be open at all 
times for the inspection of the public. The said commis- 
sinners shall receive no compensation for their services, ex- 
cept the president, who may, in the discretion of said 
board, have and receive such compensation- as may be 
fixed, as hereinafter provided, not to exceed four thousand 

eieIm"iir"how 'b)llars per annum. All vacancies occurring in said board 

filled. ' shall be tilled as soon as may be thereafter, by the appoint- 
ment of the governor of the state of Illinois. The said 
board of commissioners shall be a body a politic and corpo- 
rate, with perpetual succession, and power to sue and be 
•sued, plead and be impleaded, to have and use a common 
seal, and they shall have and enjoy all the powers necessa- 
ry for the purposes of this act. 
p.-w.rsoithe ^ 4. The said board of commissioners shall have full 
and exclusive power to govern, manage and direct all 
l)arks, boulevards and ways, authorized by this act, and by 
them purchased, made, laid out or established ; to lay out, 
regulate, make and improve the same ; to pass ordinances, 
aud issue and enforce orders for the regulation and govern- 
ment of the same; to levy special assessments on all prop- 
erty by them deemed Ijcnefited by the purchase, opening 
av.d improvement of such parks, boulevards and ways, as 
Appoint,iH7U biiiited by this act; to appoint such engineers, surveyors, 
clerks, and other otiicers, including a police force, as may 
i»e necessary ; to dchne and prescribe their respective du 
ties and authority, and fix the amount of their compensa- 
tion; and generally, in regard to said parks, boulevards 
and ways, they shall possess all the power and authority 
now by law conferred upon or possessed by the common 
council of the city of Chicago, in respect to the public 
.-"juares, places and streets in said city ; and it shall be law- 
ful for them to commence the improvement of the same, as 
soon as the funds requisite therefor, or any portion thereof, 
(vmipeiisati.m shall have been obtained. The expenditures for engineers, 

ofoflicers. surveyors, clerks and officers, except the president, inclu- 
ding a police force, shall not exceed live thousand dollars 
(.$5000) per annum, without further authority from the 
general assembly, but said board may accept of the services 
of such of the police foi^ce of the city of Chicago as may 
bo placed at their disposal by the common council or po- 
lice authorities of said city. 

condpmn laud. § 5. The Said board shall have power, and it is made 
their duty, and they are hereby authorized to select and 
talve possession of, and to acquire by condemnation, con- 
tract, donation or otherwise, title, forever, in trust for the 
inhabitants of the town of West Chicago, and of the West 



of ofllcers 



OHIOAGO — PAKK8. 345 

Dhdsion of Chicago, and for such parties or persons as may 
succeed to the rights of said inhabitants, and for the public, 
as public promenade and pleasure grounds and ways, but 
not without the consent of a majority, by frontage, of the 
owners of property fronting the same, for any other use or 
purpose, and without the power to sell, alienate, mortgage 
or encumber the same, to the lands and appurtenances re- 
quired for a road or pleasure way, or boulevard, not less 
than two hundred and fifty (250) feet, nor more than four- 
hundred feet (-iOO) in width, and for the establishment of a 
building line as hereinafter specified, fifty (50) feet distant 
from and outside of said boulevard or pleasure way, begin- 
ning at a point in said added territory, north of Fullerton 
avenue, and at or near the north branch of the Chicago 
river, and extending west, within said added territory, to a 
point one mile or more west of Western avenue, and thence 
southerly to a point at or near the Illinois and Michigan 
Canal, with such curves and deviations as they sh'sll deem 
expedient ; also to the lands required and building lines 
aforesaid, for three parks, upon .the line of said boulevard, 
and upon the part of the same between the two last men- 
tioned points, of not less than one hundred (100) nor more 
than two hundred (200) acres each, and which shall cost, ^^LUnitedcostoi' 
respectively, not exceeding two hundred and hfty thousand 
dollars ($250,000) ; the first to be located north of Division 
street ; the second to be located between Kinzie street and 
Harrison street ; and the third to be located between Har- 
rison street and the Chicago, Burlington and Quincy Rail- 
road track,. The total cost of said parks and boulevards, 
with the easements and building line aforesaid, exclusive of 
improvements, shall not exceed nine hundred thousand dol- 
lars ($900,000), and shall be assessed on the property bene- 
fited, as herinafter provided. If the said board should 
locate any part of the said boulevard or parks outside of 
the said extended territory and limits, each section of land 
west of the same of which a part shall be taken for such 
boulevard or parks, shall be and remain, together with the 
lands and territorj^ between the same and the said extend- 
ed limits, a part of the said town and city, and of the sever- 
al wards thereof as aforesaid, and shall cease to be a part 
of the several towns to which it now belongs or appertains. 
But in no case shall the western line of either of said 
parks be over two (2) miles from "Western avenue, unless 
l3y voluntary contribution land is added to such parks out- 
side of said limits. Said lands, boulevards and parks, 
and the personal property of said board, shall be exempt 
from taxation. The said board mav contract with the , May contract 

ry . i. 1 ^ " -K (> 1 for aunual pay- 

owners of property taken or purchased for annual pay- ments. 
raents, not to extend beyond five years, and in such case 
shall only include in the assessment for any year the 
amount of such annual payments then due, if any, and 
—44 



346 CHICAGO — PARKS. 

the amount of one annual payment for tliat year, or next 
to become due. They are also authorized to divide the 
amount of their assessments, and where it can IcL'ally be 
done to make one or more assessments, payable in annual 
installments, which shall be a lien on property only for 

When land ac- the amount payable each year. The part of said boule- 
cost. *"' vards between the said North park and the north branch 
of the Chicago river, and the part of the same south of 
the said Chicai^^o, Burlington and Quincy Railroad track, 
shall not be made unless the land therefor shall be acquired 
free of cost to said board, and shall not be ornamented or 
improved until after the improvement of the parks shall 
have been completed, unless the same be done by volunta- 
ry contribution. 

Building Fines § 6. The establishment of a building line outside of 
said boulevard and parks, as hereinbefore required, in con- 
nection with the condemnation of the land for the same, 
shall be understood to be the condemnation and perpetual 
annihilation of all right of the owners of jiroperty which 
shall front on said boulevard, or across which stiid building 
line shall run, to erect any building whatever, or any part 
thereof, between said building line and said boulevard or 
parks, or it may bo accomplished by the absolute condem- 
nation of the land, with perpetual and irrevocable free li- 
cense to use and occu]yy tifty (50) feet in width of the same 
for all purposes not otherwise forbidden, except buildings, 
as the said board shall be advised may be preferable and 
most efiective. 

No subdivision § 7, No Subdivision into lots of any lands in said town 
°' '"'*■ iyin,^" within four hundred (400) feet of said boulevards, 

or either of said parks, shall be valid without the approval 
of said board of park commissioners ; and they also shall 
have power to forbid by general order, and to abate any 
horse-racing, gambling, or ofi'ensive, or obnoxious, or dan- 
gerous business or amusements within four hundred (400) 
feet of said boulevard and parks, or either of them, and 
the right to use the said adjacent lands for any such pur- 
poses shall be deemed to be included in the assessment and 
condemnation above provided for. But no lawful business 
now established and carried on upon said adjacent lands 
shall be prohibited or abated without a fair valuation and 
due and full compensation. 

Bridge?, viR- § 8. The said board shall have power to construct all 

c acts, etc. necessary bridges and viaducts over rivers, water courses 

and railroads, within or on the line of said town, and it 

shall be their duty to construct the same as soon as the 

means shall have been provided therefor. 

Topographical § 9. The said board of park commissioners are hereby 

survey o rontes j.gq^jj.g^| j^, make not less than three topographical surveys 

and examinations of dilferent routes for said boulevard and 

outlines of parks, with complete elevations, before locating 



CHICAGO — PARKS. 347 

the same, and to invite owners of property to confer with 
them in regard to donations of land. They are also au- 
thorized to receive donations or appropriations of money 
for the purchase or improvement of the same, and of lands 
for, or as a part of, or to be added to said boulevard, or 
either of said parks, upon conditions to be agreed upon. 

§ 10. jS'one of the main streets and avenues leading to Roads not to 
the said boulevard and parks, and which have heretofore ^^ changed, 
been opened and used as county roads or liighways, shall 
ever be closed up, or reduced in width, in whole or in part, 
except streets near the river and its branches, which may 
require to be changed for business purposes, or greater 
convenience of access. The board of public works are May assessor 
hereby authorized and required, upon the order of the ''^^^^'•®' ^'•°- 
common council, to make and to assess, in the manner 
herein and in the city charter provided, subject to confir- 
mation by the common council, the benefits and damages 
resulting from the extension of the road known as " Whisky 
Point Eoad," as nearly as may be in its present direction, 
from its present western terminus at Yv^estern avenue to 
Fulton street, of the width of one hundred and twenty 
(120) feet, and from Fulton street to Lake street, of the 
width of eighty (80) feet, and the v/idening said road from 
its present terminus at Western avenue to the nev/ or ex- 
tended city limits, to the wndth of one hundred and twenty 
(120) feet, with a building line as hereinbefore defined and 
specified, distant ten (10) feet from and outside of each 'line 
ol said road from Fulton street to Western avenne, and 
fifty (50) feet from and outside of said road from Western 
avenue to the new or extended city limits; and also the 
grading and macadamizing said road, or the middle part 
thereof, to the width of at least thirty (30) feet, and a via- 
duct or viaducts for carriages, teams and foot passengers 
over all railroad tracks now laid or hereafter to bo laid 
across said road. The several township road oflicers and 
the Cook county drainage commissioners, and all other 
officers now or hereafter authorized to open roads on said 
line outside of the city limits, in making any assessment 
for widening said road, are authorized and required to in- 
clude the establishment of said building line fifty (50) feet 
distant from and outside said road as aforesaid. The name 
of said " Whiskey Point Road," both within and beyond 
said city limits, shall be and is hereby changed, and shall 
be known forever, hereafter, as " Grand Avenue." The 
southwestern avenue, from Madison street to the city lim- 
its, shall also be macadamized, with the consent and approv- 
al of the common council. 

S 11. In case the said commissioners cannot ae:ree with commi?sioner3 

, 1 " 1 . f ^ ±- J.^ mav condemn 

the owner or owners, lessees or occupants of any ot the lands, 
said real estate, selected by them as aforesaid, they may 
proceed to procure the condemnation of the same, in the 
manner prescribed in the act of the general assembly of 



348 CHICAGO — PARKS. 

the state of Illinois, entitled "An act to amend the law 
condemning right of way for tlie purpose of internal ini- 
])rovenient," approved January 22d, 1852, and the acts 
then in force amendatory thereof; the provisions of which 
said act, and the several acts amendatory thereof, are here- 
by extended to the boulevards, parks and park commission- 
ers to be created by virtue of this act. 
of^''''acqrred § 1^. When the title of the land selected for boule-