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so far as shall he expedient and necessary, and for the prosperity, good order, health, benefit and government of the said city of Cairo, and all persons being or residing within the limits thereof; reserving, however, to the General Assembly the power so to alter or amend from and after ten years from the passage hereof, such of the provisions of this act as the public good of said State, and the prosperity of said city of Cairo shall require.
Sec. 2. All suits, actions and prosecutions instituted or brought under this act, shall be instituted, brought and proseSuits how cuted in the name of "The City of Cairo." rous'' Sec. 3. All actions, fines, penalties and forfeitures, accru
ing under this law, or under the resolutions and ordinances made in pursuance thereof, not inconsistent with the laws and Constitution of this State and of the United States, may be prosecuted and sued for before any justice of the peace in said county, to be used for the improvement o.- benefit of said city ol Cairo, and appeals shall be allowed in all cases arising under the provisions of this act, or of any ordinance or resolution passed in pursuance thereof, to the circuit court in and for said county of Alexander, and every such appeal shall be taken and granted in the same manner and with like effect as appeals are authorized to be taken from the decisions of justices of the peace under the general laws of this State. Approved, February 17, 1841.
_ . _ , An ACT to incorporate the Philomathean Society of Mount Carmel, In force, Feb. Illinoin. 18,1841.
Sec., 1. Be it enacted by t he People of the State of Illinois, represented in the General Assembly, That the officers and members of the Philomathean society of Mount Carmel, Illinois, and their successors be, and they are hereby constituted a Name & style body politic and corporate, by the name and style aforesaid, and invested with all the rights, privileges, liabilities and immunities incident to a corporate body.
Sec. 2. The objects of said society are, and shall be, to Objects of as-promote and encourage literature and the mental and moral sociation. culture of its membars. And they are authorized and empowered to adopt and execute such measures, to effect said objects, as may be deemed most expedient.
Sec. 3. The said corporation shall have power to estabBy-laws and ]ish and change by-laws, and to prescribe rules and regularolee. tions for the admission and dismission of its members, and their
government and election of their officers, and their duties, and the management of its property and affairs. admitted'0 be ^EC" ^' Minors snau ue admitted members of the society, a m te and such honorary members may be elected as the society Proviso. may think fit; Provided, That three regular members over twenty-one years of age, be elected in accordance with the laws of the society, as trustees of the same; which said trustees shall be sworn in by a justice of the peace, and when so qualified shall constitute a board, through which said society shall act in relation to the community generally.
Sec. 5. The annual income of the real and personal es- Annual intate, which the said corporation may hold, shall not exceedg°TMgd"ij3t0QQ three thousand dollars.'
Sec. 6. The legislature may at any time modify, alter or Powers rerepeal this act or any of its provisions, should the corpora- served to Letion abuse any of its privileges hereby granted. gls ature
Approved, February 18, 1841.
An ACT to incorporate the Salem Steam-mill Company. In force Feb.
20,1841. Sec. 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That all such persons who may hereafter become subscribers to the stock hereinafter described, shall be and ihey are hereby constituted a body politic and corporate, by the name and style of the "Salem Name & style. Steam-Mill Company," and by that name and style they and their successors shall, in law, be capable of suing and being sued, plead and being impleaded in all courts and places whatsoever, may have a common seal, and alter the same at pleas- powersof corure, they shall be capable in law of purchasing, holding, and poration. conveying real and personal estate lor the uses and purposes of said incorporation, which real estate shall not exceed one acre of ground in the town of Salem for the purpose of erecting said mill upon the same, and one hundred and sixty acres of land elsewhere, whereon to erect the necessary enclosures for carrying on the business of said company.
Sec. 2. The corporation hereby constituted shall have Location of power to erect a steam-mill in the town of Salem, and State mill. of Illinois, and are hereby authorized to commence and carry on the manufactory of flour, corn-meal and lumber, to export the same and other products of the country and to exercise all such powers and privileges as may be necessary to conduct Powers and the said manufactory according to the object of this act as Privile8e8, herein expressed.
Sec. 3. The capital stock of said company shall consist of six thousand dollars (with the privilege of increasing the same Capital stock. to fifteen thousand dollars) to be divided into shares of fifty dollars each.
Sec 4. For the purpose of carrying into effect the object of this coporation, Mark Tully, Samuel Hull, Urial Mills, John W. Roach, and George E. Lester, are hereby appointed com- comr's to obmissioners to obtain subscriptions to the capital stock of said tain subscripcompany; the said commissioners, oramajority of them, after |1°TM' to capigiving public notice thereof in some newspaper printed in this
State, shall open books of subscription to said stock at such time and places as they may direct, and keep the same open until at least one hundred and twenty shares shall have been subscribed. At the time of subscribing, every subscriber shall Amount to be be required to pay two dollars for each and every share for paid on sub- which he may have subscribed. When the aforesaid sum of scribing. gjx thousand dollars shall have been subscribed, or within fifty days thereafter, it shall be the duty of said commissioners, or a majority of them, to call a meeting of the stockholders at Salem, by public notice, published in some newspaper of this State.
Election of di- Sec. 5. At said meeting the stockholders of said comparectoTM. ny snan proceed to elect five directors, who shall manage, direct and govern the affairs of said company, for the period of one year from the time of said election, and until their successors are elected and qualified. At said election each stockholder shall be entitled to one vote for each and every share he may hold, and a majority of all the votes given shall be Annual elec- necessary to a choice. The directors shall be annually election, ted on the first Monday of the month in which the first election shall take place.
Sec. 6. Immediately after the directors are chosen, as aforesaid, they shall hold a meeting, at which, and at all subsequent meetings of said board, a majority of the directors Election of shall constitute a quorum, they shall elect a president from president. their own body, and a secretary who shall be sworn by a justice of the peace, to the faithful performance of his duty, and Secretary to who shall record all acts of the board of directors in a book record all pro- to be kept by him for that purpose, a treasurer who shall give oeedings. bond to such amount, and in such manner as the said president and directors may direct, and the board shall appoint all other officers and agents as to them shall seem necessary. To make by- Sec 7. The said president and directors shall have power laws. t to make and ordain all such by-laws, rules and regulations, as shall be necessary, not inconsistent with the Constitution and laws of this State, and to secure the payment and collection of the subscriptions to its stock and the transfer of the same or of property, and to do all things necessary for the faithful management and direction of the affairs of said company. In case a fail- Sec. 8. If it shall happen that any election shall not be ure to elect. mac[e Gn the day when, by the provisions of this act, it should be made, the corporation shall not for that reason be dissolved; but such election may be held on any other day within sixty days thereafter, public notice being given of the same in some newspaper of the State.
Sec. 9. This act shall remain in force for twenty years, and take effect from and after its passage, shall be deemed a public act, and shall be construed favorably for the purposes herein expressed in all courts and places whatsoever.
Approved, February, 20, 1841.
An ACT to incorporate the Farmers Exporting Company. In force, Feb.
Sec. 1. Be it enacted by the People of the Stale of Illinois, represented in the General Assembly, That all such persons as shall become subscribers to the stock hereinafter created, shall be constituted a body politic and corporate, by the name and Name* style. Btylc of "The Farmers Exporting Company," and by that name and style they and their successors, shall have power to Powers, sue and be sued, plead and be impleaded, answer and be answered unto, in all courts and places whatsoever, to contract and be contracted with, to make, execute, and receive promissory notes, and to do all other acts necessary to the object of their incorporation, for and during the term of ten years from the passage of this act.
Sec. 2. For the purpose of carrying into effect the object Com'rs to obof this incorporation, Samuel T. McKean, Joel Hicks, Na, U^ "£$5 thaniel Chapin, Wm. Moffitt.and Edwin S. J ones, or any three of stock, them are hereby appointed commissioners to obtain subscriptions to the capital stock hereby created,said commissioners shall give at least three weeks notice in some paper printed in the county of Peoria, of the time and place when and where they Netice of subwill npen books for subscription to said stock. One dollar on ■oription. each share shall be paid at the time of subscription, and the remainder at such time as the board of directors shall require; a failure to pay any instalment of stock when called for by order of the said directors, shall operate as a forfeiture of all , previous payments.
Sec. 3. The capital stock of said company shall be twenty Capital stock thousand dollars, with the privilege of increasing the same to may be infifty thousand dollars, if it shall he deemed advisable by the creased, majority of the stockholders, to be decided on at any regular N meeting of said stockholders; said stock shall be divided into shall own shares of twenty five dollars each, no one individual shall, at more than 100 any time, own stock to exceed one hundred shares. shares.
Sec. 4. As soon as six thousand dollars of the capital stock of said company shall have been subscribed for as provided in the second section of this act, the commissioners shall give notice to the stockholders, by publication in some newspaper printed in Peoria, that an election will be held at some place in La Salle prairie, (the house to be designated in the notice,) for the election of one president, one secretary, one Election for treasurer, and nine directors of said company, at which elec- oer8, tion the aforesaid commissioners shall be inspectors; each share Inspector* of shall be entitled one vote to the number of five, and one vote e eoUonfor every ten shares thereafter, which votes may be given,- in. person, or by proxy, and the persons receiving the highest number of votes for the respective offices shall be declared duly elected.
Sec. 5. The said company, when organized as aforesaid, Powers of shall have power to purchase and export any of the products ooniPany
of the country and sell the same; to import goods and dispose of the same by sale or otherwise; to construct boats, warehouses and other buildings, and to do all other things necessarily connected with the produce business.
Sec 6. The said company shall establish their place of business at such place in La Salle prairie, in Peoria county as may be agreed upon by a majority of the directors of said company, and when located or established, shall not be removed, or its location changed, unless by consent of a majority of the stockholders at a general meeting.
Sec. 7. The president and directors shall have the management of the concerns of said company, they shall have pewer to make such by-laws and regulations as they shall think necessary for the government of their concerns; Provided, such by-laws are not inconsistent with the Constitution and laws of this State. . l. ! .. .:.* • •• ..\; .
Sec. 8. The first directors and other officers of the company, shall hold their offices until the first Monday in June next succeeding theirelections, at which time an election shall be held under the direction of the directors for the time being, for one president, one secretary, one treasurer, and nine directors, who shall hold their offices for one year, and until their successors are elected and qualified, and ever after an election shall be held on the first Monday in June for the same number of officers, to manage the concerns of said company.
Sec 9. The stock of said company shall be considered personal property, and transferable on the books of said company, but no person shall be permitted to transfer his stock, who may be indebted to said company, until such indebtedness shall be settled to the satisfaction of the directors. The private property of each stockholder shall be holden for-. the debts of the company to the extent of the stock he or she may own; .'.. ":;" .
Sec 10. The company shall at all times keep proper books of accounts in which shall be registered all the acts and doings of the corporation, and the same shall at all times be subject to the inspection of the stockholders, and it shall le the duty of the directors to make annual, or semi-annual dividends of so much of the profits of said company as to then, or a majority of them, shall appear advisable; and the sad directors, whenever required by a majority of the stockholders, shall exhibit at a general meeting a full and perfect statement of the debts and credits^ and all such other matters i is shall be deemed essential, relating to the affairs of said conpany. • :' "'. 'Approved, February 23, 1841.