any court tribunal in the State of Illinois; may make such special regulations, in reference to trust funds, deposits or savings, as shall best aid the depositors and parties interested, by accumulating and increasing the same, allowing and receiving such rate of interest therefor, not greater than 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. The said corporation shall have power to May receive deloan and borrow money, to receive money on deposit and posits and loan pay interest therefor, and to loan money at any rate of interest, not exceeding ten per cent. per annum, or to discount, in accordance with bank usage, and take such security as the directors may see proper; may take stock in other corporations; may buy and sell exchange, bills, notes, bonds and other securities or evidences of debt; and may have and hold coin and bullion.

money.

5. The business of said corporation shall be conducted Duties of officers. by the directors, and in such manner as they may determine by their by-laws and ordinances. Three of the directors, one of whom shall be the president, or vice president, shall be a quorum for the transaction of business of every kind. The officers of the company shall perform such duties as may be enjoined upon them by the board of directors, and such as are usual in such corporations.

6. The said corporation shall have power to purchase and hold such real and personal estate as may be convenient for the transaction of its business; to take and hold any real or personal estate as security for the payment of loans or 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, or other instrument, and to hold said property, or to sell and convey the same, or any part thereof, at such price and under such conditions as the directors or officers may determine.

Corporation may hold real and

purchase and

other property.

ity of stockhold

§ 7. If at any time the capital of the corporation shall Individual liabil be insufficient to pay all claims of depositors and other ers. creditors, all the stockholders shall be severally individually liable to an amount equal to the amount of stock held by them, respectively, and such liability shall continue for one year after the sale and transfer of any such stock by any stockholder, but only for debts contracted during the time of being such stockholder; and no suit shall be brought, unless the same is commenced within one year from the time he or they shall cease to be such stockholder: Provided, that the time that any suit is pending against the corporation, for the same cause of action, shall be deducted from the said term of one year.

Stocks forfeited, etc.

Individual liabil

ers-further pro

§ 8. In case any stockholder shall fail to pay any installment for thirty days, after a call therefor, the directors may declare the stock forfeited to the corporation, together with the sums already paid thereon; or may, at their option, sue for and recover the entire amount of subscription remaining unpaid.

§ 9. That the stockholders of this corporation shall be ity of stockhold- individually liable for all the debts and liabilities of the corvlsion. poration contracted or incurred during the time they are stockholders, and one or more of whom may be sued for such debts or liabilities.

Book for record

stock.

§ 10. That unless the corporation hereby created shall become organized within one year from the date of the passage of this act, the provisions of this act shall cease and become void; and the fact of such organization shall be evidenced by a certificate thereof, made by at least two members of such corporation, under their respective oaths, and filed in the office of the Secretary of this State, within sixty days from the date of such organization.

811. That said corporation shall keep a book at their and transfer of place of doing business, which shall be open at all times, during business hours, for the inspection of all persons; wherein shall be recorded all stocks or shares issued by said corporation, and all transfers thereof; and no transfer shall be valid unless so recorded.

12. This act shall take effect from and after its passage, and shall be liberally construed for all purposes herein contemplated.

APPROVED February 21, 1863.

In force February AN ACT to reduce the Charter of the City of Chicago and the several acts 13, 2863.

amendatory thereof into one act, and to revise the same.

Be it enacted by the People of the State of Illinois, represented in the General Assembly

CHAPTER I.

CITY AND WARD BOUNDARIES.

§ 1. The inhabitants of all that district of country, in the county of Cook, and State of Illinois, contained within the limits and boundaries hereinafter prescribed, shall be a body politic, under the name and style of the "City of Chicago;" and by that name sue and be sued, complain and cefend, in any court; make and use a common seal, and alter it at pleasure; and take and hold, purchase, lease and convey such real and personal or mixed estate as the pur

poses of the corporation may require, within or without the limits aforesaid.

§ 2. The corporate limits and jurisdiction of the city of Boundaries. Chicago shall embrace and include within the same all of township thirty-nine north, range fourteen east of the third principal meridian, and all of sections thirty-one, thirty-two, thirty-three, and fractional section thirty-four, in township forty north, range fourteen east of the third principal meridian; together with so much of the waters and bed of Lake Michigan as lies within one mile of the shore thereof and east of the territory aforesaid.

§ 3. All that portion of the aforesaid territory lying north of the center of the main Chicago river and east of the center of the north branch of said river, shall constitute the North Division of said city; all that portion of the afore- North Division. said territory lying south of the center of the main Chicago river and south and east of the center of the south branch of said river and of the Illinois and Michigan canal, shall constitute the South Division of said city; and all that por- south Division. tion of the aforesaid territory lying west of the center of the north and south branches of said river and of the Illinois

and Michigan canal, shall constitute the West Division of West Division. said city.

84. The city of Chicago shall be divided into sixteen Wards. wards, as follows:

First Ward. All that part of the South Division of said city which lies south of the center of the main Chicago river and north of the center of Monroe street, shall be denominated the first ward.

Second Ward. All that part of the South Division of said city which lies south of the center of Monroe street and north of the center of Harrison street, shall be denominated the second ward.

Third Ward. All that part of the South Division of said city which lies south of the center of Harrison street and north of the center of Sixteenth street, shall be denominated the third ward.

Fourth Ward. All that part of the South Division of said city which lies south of the center of Sixteenth street and east of the center of Clarke street and a line corresponding with the center of the last named street projected southerly to the city limits, shall be denominated the fourth ward.

Fifth Ward. All that part of the South Division of said city which lies south of the center of Sixteenth street and west of the center of Clarke street and a line corresponding to the center of the last named street projected southerly to the city limits, shall be denominated the fifth ward,

Sixth Ward. All that part of the West Division of said. city which lies south of the center of Van Buren street and east of the center of Jefferson street continued to the South

Branch of the Chicago river, shall be denominated the sixth ward.

Seventh Ward. All that part of the West Division of said city which lies south of the center of Van Buren street, west of the center of Jefferson street continued to the South Branch of the Chicago river, and east of the center of Morgan street continued to the South Branch of the Chicago river, shall be denominated the seventh ward.

Eighth Ward. All that part of the West Division of said city which lies south of the center of Van Buren street and west of the center of Morgan street continued to the South Branch of the Chicago river, shall be denominated the eighth ward.

Ninth Ward. All that part of the West Division of said city which lies south of the center of Fourth street, west of the center of Curtis street and Aberdeen street, and north of the center of Van Buren street, shall be denominated the ninth ward.

Tenth Ward. All that part of the West Division of said city which lies south of the center of Randolph street, east of the center of Curtis street and Aberdeen street, and north of the center of Van Buren street, shall be denominated the tenth ward.

Eleventh Ward. All that part of the West Division of said city which lies south of the center of Fourth street, east of the center of Curtis street, and north of the center of Randolph street, shall be denominated the eleventh ward.

Twelfth Ward. All that part of the West Division of said city which lies north of the center of Fourth street continued to the North Branch of the Chicago river, shall be denominated the twelfth ward.

Thirteenth Ward. All that part of the North Division of said city which lies north of the center of North avenue, shall be denominated the thirteenth ward.

Fourteenth Ward. All that part of the North Division of said city which lies south of the center of North avenue and north of the center of Division street, shall be denominated the fourteenth ward.

Fifteenth Ward. All that part of the North Division of said city which lies south of the center of Division street, and north of the center of Huron street continued to Lake Michigan and to the North Branch of the Chicago river, shall be denominated the fifteenth ward.

Sixteenth Ward. All that part of the North Division of said city which lies south of the center of Huron street continued to Lake Michigan and to the North Branch of the Chicago river and north of the center of the main Chicago river, shall be denominated the sixteenth ward.

CHAPTER II.

OFFICERS-THEIR ELECTION AND APPOINTMENT.

§ 1. The municipal government of the city shall consist City officers. of a common council, composed of the mayor, and two aldermen from each ward. The other officers of the corporation shall be as follows: A clerk, a comptroller, a board of public works, a city engineer, a board of police, a superintendent of police, a school agent, a board of education, a superintendent of schools, a board of guardians of the reform school, a commissioner of the reform school, a counsel to the corporation, a city attorney, a treasurer, a collector, a city physician, a board of assessors, two or more police justices, a clerk of the police court, one ehief, and a first and second assistant engineer of the fire department, one or more harbor masters, one inspector of fish, three inspectors of elections for each ward or election precinct, and as many bridge tenders, firemen, constables, policemen, sealers of weights and measures, inspectors, measurers, weighers, gaugers, keepers and assistants of workhouses, hospitals and bridewell or house of correction, bellmen, and such other officers and agents as may be provided for by this act or the common council may, from time to time, direct.

§ 2. The common council may divide the words of said Election districts city into so many and such convenient election districts as to the said common council shall seem proper. Each ward or district shall constitute an election precinct, and the inspectors of election and the places for holding elections therein, for city, town, county and State officers, shall be appointed by the common council. All elections for State, county and town officers in said wards and precincts shall be conducted, and returns thereof made to the county or town clerk, as provided by the law regulating State, county and town elections. And whenever at any election it shall appear that there have been more than six hundred votes polled in any election precinct, it is hereby made the duty of the common council, at least two months before the recurrence of another election, to divide such precinct into two or more districts and appoint places for holding elections therein.

tion.

§ 3. The municipal election in said city shall be held on Municipal electhe third Tuesday of April in each year, at which time there shall be elected, by the qualified voters of said city, all officers to be elected at the general municipal election. Six days previous public notice of said election shall be given by the city clerk, by publication in one or more newspapers published in said city, and no special election shall be hereafter held in said city, for the election of city officers, except as in this act provided.

84. The municipal officers, to be chosen at the annual election, shall enter upon the duties of their respective of ces on the first Monday of May succeeding their election.