« ForrigeFortsett »
further continuance of such borough form of government may be submitted to the voters of said consolidated municipality by proceedings in conformity with the provisions of the said Act entitled, “An Act to provide for the annexation of cities, incorporated towns and villages, or parts of same to cities, incorporated towns and villages,” approved and in force April 25, 1889, provided, that the petition in such cases shall ask that the question of a continuance of such borough form of city government be submitted to the legal voters of such city and the ballot in such cases shall read: “For continuance of the borough form of government” and “Against continuance of the borough form of government. APPROVED June 29th, 1915.
USE OF SPECIAL FUNDS.
§ 1. Amends section 1, Act of 1911. § 1. As amended, provides funds set aside for a particular purpose not immediately necessary for such purpose, . may be used to purchase tax antic: ipation warrants and municipal bonds—credit of interest and redemption fund.
(SENATE BILL No. 25. APPRoved JUNE 22, 1915.)
AN ACT to amend section 1 of an Act entitled, “An Act concerning municipal funds,” approved June 5, 1911, in force July 1, 1911.
SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 1 of an Act entitled, “An Act concerning municipal funds,” approved June 5, 1911, in force July 1, 1911, be and the same is hereby amended so that it shall read as follows:
SECTION 1. That every city, incorporated town or village, now or hereafter holding in its treasury any fund set aside for use for some particular purpose, that is not immediately necessary for such purpose, may by ordinance of the city council of such city or board of trustees of such town or village use the money in such fund in the purchase of tax anticipation warrants issued by said city, town or village against taxes levied by said city, town or village; such warrants to bear interest not to exceed four per cent per annum, and all interest upon such warrants, and all moneys paid in redemption of said warrants shall at once be credited to and placed in such fund so held by such city, town or village; and the city council of such city, or board of trustees of such town or village, may by ordinance use the money in such fund in the purchase of municipal bonds issued by said city, town or village representing an obligation and pledging the credit of such city, town or village, and all interest upon such bonds and all moneys paid in redemption of said bonds or realized from the sale of said bonds, if afterwards sold, shall at once be credited to and placed in such fund so held by such city, town or village.
APPROVED June 22nd, 1915.
STATE EMPLOYEES.–APPOINTMENT TO CLASSIFIED SERVICE.
§ 1. Amends section 10 of Act of 1905, as amended $ 10. As amended, provides, persons in 1911. formerly engaged in military or naval service shall be preferred for appointment to civil offices
under classified service.
(SENATE Bill No. 80. APPRoved JUNE 29, 1915.)
AN ACT to amend section ten (10) of an Act entitled, “An Act to regulate the civil service of the State of Illinois,” approved May 11, 1905, in force July 1, 1905, as amended by Act approved June 10, 1911, in force July 1, 1911. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section ten of an Act entitled, “An Act to regulate the civil service of the State of Illinois,” approved May 11, 1905. In force July 1, 1911, be and the same is hereby amended to read as follows: § 10. Whenever a position classified under this Act is to be filled, the appointing officer shall make requisition upon said commission, and the commission shall certify to him the name and address of the candidate standing highest upon the register of eligibles for said position, except that in case of laborers, when a choice by competition is impracticable, said commission may provide by its rules that the selection shall be made by lot from among those candidates proved fit by examination. The appointing officer shall notify the commission of each position to be filled separately and shall fill such position by the appointment of the person certified to him by said commission therefor, which appointment shall be on probation for a period not more than three months to be fixed by said rules. At any time during the period of probation, the appointing officer may discharge a person so certified and shall forthwith notify the commission in writing of such discharge. If such person is not thus discharged, his appointment shall be deemed complete. Persons who were engaged in the military and naval service of the United States during the years 1861, 1862, 1863, 1864 and 1865, 1898, 1899, 1900, 1901, and 1902, or engaged in any wars in the military or naval service of the United States and who were honorably discharged therefrom, shall be preferred for appointment to civil offices, provided they are found to possess the business capacity necessary for the proper discharge of the duties of such office, and it shall be the duty of the examiner or commissioner certifying the list of eligibles who have taken the examinations provided for in this Act, to place the name or names of such persons at the head of the list of eligibles to be certified for appointment. When there is no eligible list, the appointing officer may, with the authority of the commission, make temporary appointments to remain in force only until regular appointments under the provisions of this Act can be made. In employment of an essentially temporary and transitory nature, the appointing officer may, with the authority of the commission, make temporary appointments to fill a vacancy, but no such authority shall be granted for a period of more than 30 days, but it may be renewed from time to time by the commission. The commission shall include in its annual report, and if thereto required by the Governor, in any special report, a statement of all temporary authorities granted or renewed during the year or period specified by the Governor, together with a statement of the facts in each case because of which such authority was granted.
The acceptance or refusal by an eligible person of a temporary appointment shall not affect the standing on the register for permanent appointment.
APPROVED June 29th, 1915.
BUILDING AND LOAN ASSOCIATIONS.–LOANS, SECURITY.
§ 1. Amends section 8, Act of 1879. $ 8. As amended, provides real estate security shall be accompanied by an abstract of title of the property, a guaranteed title or certificate under the Torrens system.
(SENATE BILL No. 374. APPRoved JUNE 25, 1915.)
AN ACT to amend section eight (8) of the Act entitled, “An Act to enable associations of persons to become a body corporate to raise funds to be loaned only among the members of such association,” in force July 1, 1879, and Acts amendatory thereto. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section eight (8) of an Act entitled, “An Act to enable associations of persons to become a body corporate to raise funds to be loaned only among the members of such association,” in force July 1, 1879, and Acts amendatory thereto, be and the same is hereby amended to read as follows: § 8. The board of directors shall hold such stated meetings not less frequently than once a month, as may be provided by the by-laws. At which meeting the money in the treasury shall be offered for loan in open meeting, and the shareholders who shall bid the highest premium for the preference or priority of loan, shall be entitled to receive a loan of one hundred dollars for each share of stock held by said shareholders; the said premium bid may be deducted from the loan in one amount, or may be paid in such proportionate amounts or installments, and at such times during the existence of the shares of stock borrowed upon, as may be designated by the by-laws, of the respective associations: Provided, that any such association may, by its by-laws, dispense with the offering of its money for bids in open meeting, and in lieu thereof loan its money at a rate of interest and premium fixed by its by-laws, and either with or without premium, deciding the preference or priority of loans by the priority of the applications for loans of its shareholders: And, provided, that no loan shall be made by said association except to its own members, nor in any sum in excess of the amount of stock held by such members borrowing, but such shareholders may borrow such fractional part of one hundred dollars as the by-laws may provide. Good and ample real estate security, unincumbered,
except by prior loans of such association, shall be given by the borrower to secure the payment of the loan: Provided, that such real estate security shall be accompanied by an abstract of the title of the property in question or a guaranteed title thereof or a certificate under the Torrens system: Provided, however, that the stock of such associations may be received as security, to the amount of the withdrawal value of such stock: And provided, that the board of directors may by a twothirds vote of all its members temporarily invest the funds of the association in the treasury in excess of the demands of the shareholders in other securities, but such investment shall not exceed twenty per centum of the assets of the association. Any mutual building, loan and home stead association, which may have heretofore been incorporated under the laws of the State of Illinois, may avail itself of all the power conferred by this Act. APPROVED June 25th, 1915.
BUILDING AND LOAN ASSOCIATIONS.–MEETINGS TO ORGANIZE.
§ 1. Amends section 2 of Act of 1879. § 2. As amended, increases the number of shares necessary to be subscribed before a meeting may be held to organize.
(House BIll No. 254. Approved JUNE 29, 1915.)
AN ACT to amend section 2 of an Act entitled, “An Act to enable associations of persons to become a body corporate to raise funds to be loaned only among the members of such association,” in force July 1, 1879. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 2 of an Act entitled, “An Act to enable associations of persons to become a body corporate to raise funds to be loaned only among the members of such association,” be and the same is hereby amended so as to read as follows: § 2. That whenever 200 shares or more of the capital stock shall be subscribed in cities, towns or villages of fewer than 5,000 inhabitants; and 500 shares or more in cities, towns or villages of 5,000 inhabitants or more, the commissioners shall convene a meeting of the subscribers for the purpose of electing at least seven subscribers as directors, adopting by-laws and the transaction of such other business as shall come before them. Notice thereof shall be given by depositing in the postoffice, properly addressed to each subscriber, at least ten days before the time fixed, a written or printed notice, stating the object, time and place of such meeting. Directors of such corporations organized under this Act shall be elected, classified and hold their office for such period of time as is provided by general law governing the election and classification of directors, trustees or managers of corporations. APPROVED June 29th, 1915.
CO-OPERATIVE ASSOCIATIONS FOR PECUNIARY PROFIT.
$ 1. License—how obtained. § 14. Voting by mail. § 2. Subscriptions of stock—limitation. § 15. Distribution of profits or earnings. § 3. Sale of stock—notice to corporation. $ 16. Annual report to Secretary of State—what to contain. 4. Meeting to organize. § ng g $ 17. Benefits under this Act by associations $ 5. ootion completed—when license re- previously formed—procedure. wokeo. § 18. Payments for stock. § 6. Powers of corporation.
§ 19. To whom profits distributed. $ 7. Board of directors—officers. $ 20. May purchase stock in other societies. $ 8. Amendments to articles of incorporation— change in capital stock. $ 21. Voting.
$ 9. Number of shares limited to shareholder. § 22. Use of term “co-operative”.
$ 10. Association may invest its reserve or surplus $23. Assignment of stock—liability of sharein stock of another co-operative associa- holder—approval of directors. tion—limitation—notice of meeting. $ 24. May adopt by-laws. § 11. Purchase of business of another association
or person—payment in stock. $ 25. Validity. § 12. Shares held in trust—disposal—issue of $ 26. Name of Act. certificates.
$ 27. Secretary of State to furnish blanks. § 13. May borrow money.
(House BILL No. 314. FILED JULY 8, 1915.)
AN ACT to provide for the incorporation of co-operative associations for pecuniary profit. SECTION 1. Be it enacted by the People of the State of Illinois represented in the General Assembly: That any five or more persons who may be desirous of uniting as mechanics, laborers, agriculturists, or in any other capacity in any co-operative association for the purpose of purchasing of or selling to all shareholders and others, all manner of groceries, provisions and any other articles of merchandise, for cash or otherwise at such reasonable prices over the cost thereof as will enable the members of such association to obtain or dispose of such commodities at the smallest practicable rate of cost and also, if desired, to manufacture any such articles of trade or merchandise such as flour, meal, boots, shoes, clothing, groceries and to vend same as aforesaid, or for the purpose of cultivating and raising vegetables, fruits or other products, or animals for food for said members or to vend same as aforesaid, or who may be desirous of engaging as shareholders in any association for the conducting of a general agricultural or horticultural business, or any combination of the two for the purpose of growing or producing general or special agricultural, horticultural, orchard, garden, nursery or dairy produce, or for the manufacture and sale, or the sale, or the purchasing of, or the dealing in any of the commodities in this section mentioned either at wholesale or retail, either for the use of such shareholders or for sale to other persons, or who may be desirous of becoming interested in other like associations—may become incorporated for that purpose by making a statement to that effect under their hands and seals duly acknowledged before some officer authorized to take acknowledgments, setting forth the name of the proposed association, its capital stock, its location, and duration of the association and the particular branches of business which it intends to prosecute, which statement shall be filed in the office of the Secretary of State.