Sidebilder
PDF
ePub

3.!. An ACT to incorporate the Farmers Esporting Company. ; In force, Feb.

23, 1841. Sec. 1. Be it enacted by the People of the State 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. style 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 prom. issory 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. 1

koon Tool Hioba No tain subscripthaniel Chapin, Wm. Moffitt,and Edwin S. Jones, or any three of stock. A 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 Notice of subwill open books for subscription to said stock. One dollar on scription. each share shall be paid at the time of subscription, and the reinainder 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 be deeined advisable by the creased. majority of the stockholders, to be decided on at any regular se person 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. I 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 no- ! tice,) for the election of one president, one secretary, one Election for treasurer, and nine directors of said company, at which elec-omcers. tion the aforesaid commissioners shall be inspectors; each share Inspectors 1 of shall be entitled one vote to the number of five, and one vote

election. " Il for every ten shares thereafter, which votes may be given in person, or by proxy, and the persons receiving the highest num.' ber of votes for the respective offices shall be declared duly. : : " elected.

Sec. 5. The said company, when organized as aforesaid , Power of shall have power to purchase and export any of the products company.

109.793 i 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 Location.

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, anless by consent of a majority of the stockholders at a general meeting. .-' in

Sec. 7. The president and directors shall have the man

agement of the concerns of said company, they shall have By-laws. power 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.' : I ;.'s, in wo is is Annual eleco' Sec. 8. The first directors and other officers of the com: tion,

pany, 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, * Tiit for one president, one secretary, one treasurer, and nine direc

tors, 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 num

ber of officers, to manage the concerns of said company. Stock deemed Sec. 9. The stock of said company'shall be considered personal pro personal property, and transferable on the books of said comperly. 3., 4. pany, 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 priPrivate pro- vate property of each stockholder shall be holden for the cible,

copine debts of the company to the extent of the stock he or she in may own. se fit

mihi, Books subject SEC. 10. The company shall at all times keep proper to inspection. books of accounts in which shall be registered all the acts and

doings of the corporation, and the same shall at all times ke subject to the inspection of the stockholders, and it shall lie

the duty of the directors to make annual, or semi-annual diviDividends.

dends of so much of the profits of said company as to ther,

or a majority of them, shall appear' advisable; and the said *.30* directors, whenever required by a majority of the stockholl

ers, shall exhibit at a general meeting a full and perfect stateStatement to ment of the debts and credits, and all such other matters its be made. 11:

shall be deemed essential, relating to the affairs of said 'cor pany. I . *Br. ; Approved, February 23, 1841. .

[merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][ocr errors][ocr errors]

An ACT to incorporate the Nauvoo House Association. In force, Feb.

23, 1841. SEC, 1. Be it enacted by the People of the State of Illinois,'.'. represented in the General Assembly, That George Miller, Lyman Wight, John Snyder, and Peter Haws, and their associates, are hereby declared a body corporate under the name and style of the “Nauvoo House Association,” and they are Name & style. hereby, authorized to erect and furnish a public house of en.) tertainment to be called the Nauvoo House. .. !

Sec, 2. The above named George Miller, Lyman Wight, John Snyder, and Peter Haws, are hereby declared to be the Powers. trustees of said association, with full power and authority to hold in joint tenancy by themselves and their successors in office, a certain lot in the city of “Nauvoo,” in the county of". Hancock and State of Illinois, known and designated on the plat of said city, as the south half of lot numbered fifty-six, for the purpose of erecting thereon the house contemplated in the first section of this act.

Sec. 3. The said trustees are further authorized and empowered to obtain by stock subscription, by themselves or Capital stock. their duly authorized agents the sum of one hundred and fifty thousand dollars, which shall be 'divided into shares of fifty dollars each.

!! Sec: 4. No individual shall be permitted to hold more No. of shares than three hundred, nor less than one share of stock, and cer: to be held. tificates of stock shall be delivered to subscribers so soon as their subscriptions are paid in and not before.

Sec. 5. As soon as the above contemplated house sha!! have been completed and furnished, the stockholders shall ap- Agents to take

charge of afpoint such agents as the trustees may deem necessary in the fairs. management of the affairs of said association

SEC. 6. The trustees shall have power to sue and be sued, Powers of plead and be impleaded in any court of this state in the name tru and style of the trustees of the Nauvoo House Association."

Sec. 7. They shall also take the general care and supervision in procuring materials for said house, and constructing Management and erecting the same, and further, to superintend its general management, and to do and perform all matters and things which may be necessary to be done in order to secure the in

pecul terest and promote the objects of this association.

Sec. 8. This association shall continue twenty years from Time of act, the passage of this acı, and the house herein provided for shall be kept for the accommodation of strangers, travellers, and all other persons who may resort" thereto for rest and refreshment.

Sec. 9. It is moreover established as a perpetual rule of said, house, to be observed by all persons who may keep or occupy the same that spirituous liquors of every description Spirituous bare prohibited, and that such liquors shall never be vended as quors a beverage or introduced into common usc in said house. housea s

airs of said e power tostate in theiation.

trustees.

castles of the the mouse, and comes general

[ocr errors]

On Sec. 10. And whereas Joseph Smith has furnished the Rooms anóro-said association with the ground whereon to erect said house, priated to Jo, it is further declared that the said Smith and his heirs shall Smith.

hold by perpetual succession a suit of rooms in the said house, to be set apart and conveyed in due form of law, to him and

his heirs by the said trustees as soon as the same are compleSijaint ted. įp 150... 4. De tidino su to sly President of SEC. 11. The board of trustees shall appoint one of their board.

number as president thereof..!

A A SHE Approved, February 23, 1841.

In force, Feb. An ACT to incorporate the Greenville Hotel Company. in 23, 1841.

Sec. 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That all such persons as shall hereafter become subscribers to the stock hereafter de

scribed, shall be, and they are hereby constituted and declarName & style ed a body corporate and politic by the name and style of the

“Greenville Hotel Company,” from and after the passage of this act, and by that name they and their successors shall have

succession, and shall in law be capable of suing and being Powers. sued, plead and be impleaded in all courts and places whatso

ever; may have a common seal, and alter the same at pleasure; and their successors may, also, by that name and style, be capable in law, of purchasing, holding, and conveying away real and personal estate for the benefit of said company.

Sec. 2. The said company hereby incorporated shall Location.

have power to erect a hotel in the town of Greenville, in the county of Bond, and to use such powers and privileges in the

erection and management of said hotel, not inconsistent with ; the laws of this State, as may be conducive to the interest of

said company. The Capital stock Sec. 3. The capital stock of said company shall consist may be in- of twenty thousand dollars, which may be increased to thirtyased... five thousand, to be divided into shares of fifty dollars each,

and are authorized to commence, their operations whenever

five thousand dollars of the stock, shall have been subscribed. Com’rs to ob. SEC. 4. For the purpose of carrying into effect the object tain subscrip. of this corporation, Thomas Keyes, James Bradford, Seth tions.

Blanchard, William S. Smith, James M. Davis, and James Clark, are hereby appointed commissioners to obtain subscriptions to the capital stock of said company, and said commissioners, after giving general notice thereof in some newspaper printed in this State, may open books for the subscription of said stock, at such times and places as they may direct, and

keep the same open till at least one thousand shares have been Amount to be subscribed; every subscriber, at the time of subscribing, shall paid. onsub. pay to said commissioners five dollars for each share subscri

bed and when such subscription is completed as aforesaid, or

ere

within sixty days thereafter, said commissioners shall call a meeting of the stockholders at Greenville, by a printed' nos . . tice in some newspaper in this State.. io . ;

- Sec. 5. At said meeting the stockholders of said company shall proceed to elect five directors, who shall manage, direct and govern the affairs of said company, one year from the period of this election and until their successors are elected annual ele and qualified, and that at said election each stockholder shall tion. be entitled to one vote for each share he may hold, and a ma. .. jority of all the votes given shall be required to make an election. The period of election of directors as aforesaid, shall be annually on the first Monday of the month in which the first election shall be held.

Sec. 6. Within ten days after the directors are chosen as Directors 10 aforesaid, they shall hold a meeting, at which, and at all sub- elect presi.

dent. sequent meetings of said board, a majority of the directors shall constitute a quorum; that they shall proceed to the elec- Quorum tion of a president from their own body, a secretary, who shall be sworn by some justice of the peace, to the faithful dis--charge of his duty, and who shall record all votes of the corporation in a book kept by him for that purpose; a treasurer Treasures who shall give bond to such amount arid in such manner as give bond. the president and directors shall direct; and the board shall appoint all other officers and agents, as to them shall seem necessary,

SEC. 7. The corporation shall have power to call for such Stock how portion of the stock subscribed, not exceeding twenty-five per called for. centum, every six months as they may think proper, to be paid at such time and place as they designate by giving sixty days' notice in some newspaper of this State, or by giving written notice to the stockholders, in which shall be specified the amount demanded on each share, and the time and place of payment, and if any stockholders shall neglect or refuse to pay such subscription within ten days after the time named for such payment, the corporation may bring suit against any Suit may be delinquent for the amount due and called for, in any court of brougento

linquent stock competent jurisdiction, and recover the amount with two per holders. cent, interest thereon per month, and if the amount cannot be niade on execution, or if said delinquent is out of the State, then the corporation may, by an order on their books, declare . such stock forfeited to the corporation, with whatsoever amount may have been paid thereon, and no such delinquent, after the forfeiture of his stock, shall have a right to vote for directors or receive any dividend on his, her, or their stock until the corporation is fully satisfied...

Sec, 8. The said president and directors, shall have power to make and establish all such by-laws, rules, and regula. By-lawe. tions as shall be necessary, and not inconsistent with the laws of this State, which may be necessary for the payment or col-... lection of the subscription to its stock and the transfer of the same, and of property that may in any other way concern the management and direction of the affairs of said company.

« ForrigeFortsett »