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REAL ESTATE AND BUILDING.

§ 1. Amends section 1, Act of 1872. § 1. As amended, provides corporations may be formed to own and operate one building and site, a description of the site being given at the time charter is o ied for—if site is not improved the same must be improved with building within five years or sold—two or more of such corporations can not consolidate.

(House BILL No. 268. APPRoved JUNE 29, 1915.)

AN ACT to amend an Act entitled, “An Act concerning corporations,” approved April 18, 1872, in force July 1, 1872, as amended by subsequent Acts, by amending section one (1) thereof. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That an Act entitled, “An Act concerning corporations,” approved April 18, 1872, in force July 1, 1872, as amended by subsequent Acts, be and the same is hereby amended, by amending section one (1) thereof, so that said section when amended shall read as follows: § 1. That corporations may be formed in the manner provided by this Act for any lawful purpose except banking, insurance, real estate brokerage, the operation of railroads, and the business of loaning money: Provided, that horse and dummy railroads, and organizations for the purchase and sale of real estate for burial purposes only, and corporations for acquiring ow[n]ing, erecting, leasing or operating only one building and the site therefor of not more than 80,000 square feet of land, hereinafter called building corporations may be organized and operated under the provisions of this Act: And be it further provided, where such building corporation is organized for such purpose, that specific and definite description of the site for such building shall be given at the time the charter for such corporation is applied for: And provided, further, that unless said site at the time said charter is granted is improved with a building worth not less than one-half the actual cash . value of said site at such time, such corporation shall within the five (5) years next thereafter erect upon such site a building which shall not cost less than one-half of the full cash value of said site at the time said charter is granted, and in the event of its failure to build such building within the said five (5) years, the said corporation shall forfeit its right to erect a building and shall be required to dispose of said site within six (6) months after the expiration of said five (5) years and cease its corporate existences: And provided further that it shall be unlawful for two or more building corporations organized hereunder to consolidate or for the stock of any building corporation organized hereunder to be owned, taken or held, directly or indirectly, by any foreign or domestic corporation or by any holding corporation, foreign or domestic. And, provided, further, that corporations formed for the purpose of constructing railroad bridges shall not be held to be railroad corporations. APPROVED June 29th, 1915.

SURETY COMPANIES-ACT OF 1899 AMENDED.

§ 1. Amends section 6, Act of 1899. § 6. As amended, adds provision for depos: its covered by mortgages on real estate lying in counties which have adopted the land titles Act.

(House BILL No. 539. Approved JUNE 25, 1915.)

AN ACT to amend section 6 of the Act entitled, “An Act to provide for the organization, management and regulation of surety companies,” approved and in force April 17, 1899.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 6 of an Act entitled, “An Act to provide for the organization, management and regulation of surety companies,” approved and in force April 17, 1899, be and the same is hereby amended so as to read as follows, to-wit:

§ 6. Every such corporation before commencing business shall, in addition to other requirements of law, deposit with the Insurance Superintendent, in trust, for the special and sole benefit and security of all its creditors and holders of its obligations and contracts of suretyship, guaranty an indemnity, not less than one hundred thousand dollars of its paid-up capital in bonds of the United States, or State or municipal bonds, or in mortgages on improved or productive real estate in this State, being first liens thereon, and the real estate being worth at least twice the amount loaned thereon. The bonds and securities so deposited may be exchanged from time to time for other securities of any of the classes above mentioned. All said securities shall be subject to sale and to the disposal of the proceeds by the Insurance Superintendent only in pursuance of the order or decree of a court of competent jurisdiction, in a suit or proceeding to which the corporation shall be a party, and on due notice to it. So long as the corporations so depositing shall continue solvent, such corporation shall be entitled to receive from the Insurance Superintendent the interest or dividends on the deposit. ..When any part of such deposit is made in notes or bonds secured by mortgages, they shall be accompanied by full abstracts of title and searches, which shall be examined and approved by or under the direction of the Insurance Superintendent; or in case the real estate so mortgaged shall lie in any county which has adopted the provisions of the land titles Act, and shall have been registered under the provisions of said land titles Act, then any certificate of title or duplicate certificate of title, or certified copy of certificate of title, provided for by the terms of said land titles Act as evidence of the title, and showing the existence and priority of such mortgage lien, or lien by way of trust deed, shall be accepted as evidence of title and as evidence of the existence and priority of such mortgage or trust deed lien, in place of an abstract of title and search as aforesaid. The fee for an examination of such abstract of title and search by counsel, to be paid by the corporation making the deposit, shall not exceed twenty dollars for each mortgage, and the fee for each appraiser, not exceeding two, besides expenses, shall be five dollars for each mortgage.

APPROVED June 25th, 1915.

TRUST COMPANIES-ACT OF 1887 AMENDED.

§ 1. Amends section 7, Act of 1887. $ 7. As amended, adds provision for depos its of mortgages covered by real estate lying in counties which have

adopted the land titles Act.

(House BILL No. 538. APPRoved JUNE 29, 1915.)

AN ACT to amend section 7 of an Act entitled, “An Act to provide for and regulate the administration of trusts by trust companies,” approved June 15, 1887, and in force July 1, 1887, as amended. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 7 of an Act entitled, “An Act to provide for and regulate the administration of trusts by trust companies,” approved June 15, 1887, and in force July 1, 1887, be and the same is hereby amended so as to read as follows, to-wit: § 7. When any part of such deposit is made in bonds and mortgages it shall be accompanied by full abstracts of title and searches, and shall be examined and approved by or under the direction of the Auditor; or in case the real estate so mortgaged shall lie in any county which has adopted the provisions of the Land Titles Act, and shall have been registered under the provisions of said Land Titles Act, then any certificate of title or duplicate certificate of title, or certified copy of certificate of title, provided for by the terms of said Land Titles Act as evidence of the title and showing the existence and priority of such mortgage lien, or lien by way of trust deed, shall be accepted as evidence of title and as evidence of the existence and priority of such mortgage or trust deed lien, in place of an abstract of title and search as aforesaid. The fee for an examination of such abstract of title and search by counsel, to be paid by the company making the deposit, shall not exceed $20.00 for each mort[g]age, and the fee for each appraiser, not exceeding two, besides expenses, shall be $5.00 for each mortgage. APPROVED June 29th, 1915.

COUNTIES.

COUNTY BOARDS—FUNDS FOR COUNTY POULTRY EXHIBITS. § 1. Authorizes appropriation of funds for use of poultry societies—limitation. (House BILL No. 17. APPROVED MAY 20, 1915.)

AN ACT to enable county boards of supervisors in counties under township organization and county commissioners in counties not under township organization to appropriate county funds for use for county . poultry eachibitions by societies organized for that purpose. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That it shall be lawful for county boards of supervisors in counties under township organization and for county commissioners in counties not under township organization to appropriate funds for educational purposes from the county treasury for the use of societies organized for the purpose of giving county exhibitions of poultry in their efforts to promote the adoption of the latest approved methods of propagating the different breeds of poultry and of increasing the poultry industry in the various counties of the

State: Provided, that in no case shall it be lawful for a county board of supervisors or county commissioners to appropriate more than two hundred and fifty dollars ($250.00) in any one year for the above purpose.

APPROVED May 20th, 1915.

COUNTY BOARDS–POWERS.

§ 1. Amends section 25, Act of 1874. § 25. As amended, enlarges powers os county boards—approval of maps or plats for highways before entitled to record.

(SENATE BIll No. 309. APPROVED JUNE 22, 1915.)

AN ACT to amend section 25 of an “Act to revise the law in relation to counties,” approved and in force March 31, 1874 as amended by subsequent Acts. SECTION 1. Be it enacted by the People of the State of Illinois represented in the General Assembly: That section 25 of an Act entitled “An Act to revise the law in relation to counties,” approved and in force March 31, 1874, as amended by subsequent Acts, be and the same hereby is amended so as to read as follows: § 25. The county boards of the several counties shall have power— First—To take and have the care and custody of all the real and personal estate owned by the county. Second—To manage the county funds and county business, except as otherwise specifically provided. Third—To examine and settle all accounts against the county, and all accounts concerning the receipts and expenditures of the county. Fourth—To cause to be erected, or otherwise provided, a suitable workhouse, in which persons convicted of offenses punishable by imprisonment in the county jail may be confined and employed, and to make rules and regulations for the management thereof. They may contract for the use of the city workhouse when the same can satisfactorily be done. Fifth–To cause to be erected, or otherwise provided, suitable buildings for, and maintain, a county insane asylum, and provide for the management of the same. Sixth-To cause to be annually levied and collected taxes for county purposes, including all purposes for which money may be raised by the county by taxation, not exceeding 75 cents on the one hundred dollars' valuation, and in addition thereto an annual tax not exceeding one hundred cents on the one hundred dollars for the purposes of paying the interest and principal of indebtedness which existed at the time of the adoption of the constitution. Seventh—To authorize the vacation of any town plat when the same is not within any incorporated town, village or city, on the petition of two-thirds of the owners thereof. Eighth–To change the name of any town plat on the petition of a majority of the legal voters residing therein when the inhabitants thereof have not become a body corporate. Ninth-To cause to be erected, or otherwise provided, and maintained, all suitable buildings for a sanitarium for the care and treat

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ment of all persons suffering from tuberculosis who may be admitted to said sanitarium by, or under the direction of said board, and to provide for the maintenance and management of the same.

Tenth—To provide, by resolution, that any map, plat or subdivision. of any block, lot or sub lot or any part thereof or any piece or parcel of land, not being within any city, village or incorporated town, in which any dedication of land for highways, streets or alleys shall be made, shall be submitted to the county board or to some officer to be designated by such county board for their or his approval; and in such cases no such map, plat or subdivision shall be entitled to record in the proper county or have any validity until it shall have been so approved.

APPROVED June 22nd, 1915.

COUNTY TREASURER—COUNTIES OVER 150,000.

§ 1. Terms construed. § 14. Banks—interest. § 2. Selection of depositaries. § 15. Report—time of making. § 3. Contracts—statement of depositaries. § 16. County treasurer's bond. $ 4. Bonds of depositaries. § 17. Cost of bonds to be paid by county. $ 5. Classification of funds. § 18. Liability of treasurer. $ 5. Deposits by county treasurer. § 19. Suits against treasurer. # 7. Maximum balance. § 20. No commissions to be retained. $ 8. Withdrawals. § 21. Banks not to pay profit to treasurer. $ 9. Petty cash fund. § 22. County treasurer not to profit—false state

ment from depositary—penalties.
§ 23. Counties in which Act to apply.
§ 24. When to apply.
§ 25. Repeal.
§ 26. Validity.
(SENATE BILL No. 185. APPRoved JUNE 29, 1915.)

$ 10. Equalization and transfer of deposits.
§ 11. Active bank. -
§ 12. Record of deposits.
§ 13. Monthly report of interest received.

AN ACT concerning county treasurers, in counties containing more than 150,000 inhabitants, and concerning public funds within their custody and control and the interest thereon, and to repeal all Acts or parts of Acts in conflict thereuith. SECTION 1. TERMs construED.] Be it enacted by the People of the State of Illinois, represented in the General Assembly: That the terms mentioned in this section as used in this Act shall, unless the same be inconsistent with the context, be construed as follows: The term “county treasurer” shall include the county treasurer when acting as such or in any other official capacity incident to his incumbency of the office of county treasurer. The term “county moneys” shall include all moneys to whomsoever belonging, received by or in possession or control of the incumbent of the office of county treasurer when acting as such or in any other official capacity incident to his incumbency of the office of county treasurer. The term “county clerk” shall be construed to mean the county comptroller in any county in which provision for a county comptroller shall have been made by law.

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