« ForrigeFortsett »
bills or evidences of indebtedness by which its circulation will be increased beyond the amount of the capital stock actually paid in. Third. That it will receive upon deposite any funds belonging to the State which may be required to be so deposit- shall receive ed, and pay the same out upon the order of the proper officer moneyor agent of the State, in kind, and free of charge. Fourth. p ch That it will purchase of the State six per cent, bonds at par, bonds, as follows, viz: on the first day of July next, fifty thousand dollars; on the first day of Januaiy, one thousand eight hundred and forty-two, fifty thousand dollars; on the first day of July, one thousand eight hundred and forty-two, fifty thousand dollars; and on the first day of January, one thousand eight hundred and forty-three, fifty thousand dollars; and the purchase money of such bonds shall be advanced at the abovementioned periods, by said bank, and applied exclusively to the redemption of bonds heretofore hypothecated by the Fund Commissioners, and to the payment of interest due on State indebtedness other than to said bank. Fifth. That during the time of the suspension of specie payments, by said bank, the citizens of this State, who are indebted to it on notes heretofore discounted, shall be allowed to pay je^61". °n their debts in instalments at the rate of ten per cent. upon each, and every renewal of the amounts now due, upon condition that such debtor shall execute new notes, with satisfactory security, and pay the aforesaid per cent, and the interest in advance according to the usages of banking.
Sec. 4. Hereafter no director of said bank, or firm with which he, or the president thereof may have been connect- Liability of ed, shall become liable to the institution, either as principal or security for more than five thousand dollars at any one time.
Sec 5. Whenever said bank shall accept the provisions of this act, the president thereof shall file in the office °f^ctP of Secretary of State a certificate of such acceptance under the corporate seal of said bank, and from the time of filing such certificate the bank shall be entitled to the benefits of this act, and bound by all the conditions herein contained.
Sec. 6. The provisions of the second section of this act shall be applicable to the Bank of Illinois, if within sixty days from the passage of this act she shall, in the manner pointed out' in the fifth section of this act, signify her acceptance thereof, and the said two banks shall also enter into bond with the Acceptance. Auditor of Public Accounts, for and on behalf of the State, File Bond, that during their present suspension of specie payments they will not declare any dividends to private stockholders, rjjvjde,,,},, but that the same shall be retained in such banks for the use of said private stockholders, and that they will also declare the just and proper dividends on her stock to the full amount °n state stock of the same, and the portion thereof due upon the one hundred thousand dollars subscribed for under the act of March second, one thousand eight hundred and thirty-seven, shall be
Bank of Illinois.
paid over to the Treasurer of the State when the same becomes due, and the amount thereof due on account of the bank and internal improvement stock, shall be paid over to
To Fund com-the Fund Commissioner as the same shall become due.; and the said banks shall resume the payment of specie upon their evidences of indebtedness when the banks of the West and
shall" resume. South-west shall generally resume the payment of specie for their evidences of indebtedness: Provided, That the thirty-first section of an act entitled, "An act to incorporate the subscribers to the Bank of the State of Illinois," approved, February twelfth, one thousand eight hundred and thirty-five, be and the same is hereby suspended until said bank resumes specie payment.
^onUA Sec 7. The said banks shall hereafter pay a bonus of
one half of one per cent. per annum upon all bank stock now owned by the State, or hereafter to be owned, to the Fund Commissioner.
Approved, February 27, 1841.
. . An ACT entitled An act authorizing the erection of a Bridge across
In loroeJan. the Saline River.
Sec. 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the county cornBridge across missioners' court of Gallatin county and their successors in office, are hereby authorized to cause a bridge to be erected across the Saline river, at or near where the State road leading from Golconda to McLeansborough, in Hamilton county, crosses said river.
Sec 2. Said bridge is to be built a sufficient heighth and Construction thti bents a sufficient width apart so as not to obstruct the of bridge. navigation of said river. This act to take effect from and after its passage. Approved, January 1, 1841.
AN ACT to build a Bridge across Macoupin creek, in Greene county. In force Jan. 31,1841. SEC. I. Be it enacted by the People of the State of Illinois,
represented in the General Assembly, That it shall be the duty Com. to build of the county commissioners' court of Greene county, to bridge cause to be erected across the Macoupin creek in said county,
at the point where the road leading from Carrolton to Kane
(which may be located by A. Hinton, William Coulton, sen.
and Mr. Paine, reviewers appointed by said court to view, Location mark and locate said road,) crosses said creek, a good and
substantial bridge, free of charge for the accommodation of
Sec. 2. William Carlin, of said county, is hereby apAgent,&c. pointed agent to carry into effect the first section of this act,
w..ose duty it shall be to contract with some responsible perSon or persons immediately to build a bridge across the Macoupin creek asaforesaid. The bridge shall be as fcearas: practicable, built after the model of the bridge across "Wood Model river" in "Madison county," the cost of which shall not ex- Cogt ceed ten, thousand dollars, and shall be completed within twelve months from the date of the contract, and sha I be paid for in the following instalments, to-wu: ont-fouuh in mem six months, one-fourth in "twelve months from the date ot the contract, and the balance in two equal instalments in six and twelve months after the completion ot said bridge. It is further made the duty of said agent to take bond with good TogiveboIld and sufficient security for the faithful performance ot the contract, and with a penalty sufficient to secure the completion of the work.
Sec 3. It shall be the duty of the county commissioners Fun(] ,o bui,d to cause to be collected, in any manner they may think best,bridge a sufficient sum out of the internal improvement fund which wa* donated to said county by an act entitled "An act to establish and maintain a general system of interrnl improvements," to carry into effect the first section ot this act; and a sum sufficient to construct said bridge is hereby appropriated out ot said fund.
Sec 4. If the r.gent appointed under the second section AjJtJJ* of this act shall refuse to act, die, resign or remove, it shall co^,rg coim be the duty of the county commissioners to appoint another may appoint, person immediately, who shall forthwith enter upon the duties of his office. The agent appointed by this act, or by the court, under the provisions of this act, shall recive lor his services iuch compensation as the county commissioners compensamuy think reasonable and just. This act to take effect trom tion of agent, and after its passage. Approved, January 31, 1841.
An ACT to authorize the building of a Toll Draw Bridge acroes the Calumet River. In force Feb.
Sec. 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That George Dalton, his associates and assigns, are hereby authorized to build a toll draw bridge across the Calumet river, in the county of Cook,Location in the State of Illinois, on the south-west quarter of section thirty-four, in township thirty-seven, north of range fourteen, proT.g& east of the third principal meridian: Provided, The said Dalton shall be the owner of the said quarter section: And provided, Said bridge shall not impede the navigation of said river.
Sec. 2. The rates of toll for passing over said bridge Rategofwnshall be as follows: for every double wagon, carriage or sleigh, the sum of twenty-five cents, for every one horse vehicle or horse and rider, the sum of twelve and a half cents, for each horse, mule, ass, or head of neat cattle, the sum of two cents, and for each head of hogs, sheep, goats, or other animals not enumerated, the sum of one ceut.
Commence- SEC. 3. The said bridge shall be commenced and completion ofsaid pleted within eighteen months from and after the passage of bridge. this act. and shall at all times be kept in good repair so as to
admit of a safe passage of all persons and their property over it on the payment of the toll herein specified.
Skc. 4. That in case the said bridge shall be destroyed Destruction, by high water, fire or other casualty, it shall not create a forof bridge by feitureof the rights conferred by this act, but one year shall to create for-1)e allowed for there-erection thereof after the happening of feiture. said casualties.
Sec. 5. This act and the powers therein granted shall be Term of act and remainm force for the period of twenty years from and after its passage. Approved, February 17, 1841.
An ACT to amend "An act to authorize Henry W. Cleaveland to build a In force Feb bridge across the Winnebago Swamp," Approved February 19,1839.
Sec. 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That Henry W. Cleveland and his associates, and assigns, be allowed till the first Time allowed day of December, A. D., one thousand eight hundred and forty-one, for the completion of the bridge and causeway across the Winnebago Swamp.
Approved, Fe'/ruary 26, 1841.
An ACT to authorize Isaac D. Patterson to build a bridge across Salt In force Feb. creek, in the counties of Menard and Mason.
Sec. 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That Isaac D. Patterson, his heirs and assigns, be, and they are hereby authorized to Aoross Salt build and keep for the term of twenty years from the passage creek for 20 of this act, a toll bridge across Salt creek, in township nineyears jeen nor[f^ range six west of the third principal meridian, Location an(* at l^e best point near the place now known as "Day's Ferry," in Menard county, Illinois.
Sec 2. The said Isaac D. Patterson, his heirs or asTo commence signs, shall commence the building of said bridge within one and complete veari an(j complete the same within two years from and after the passage of this act. Said bridge shall be built in a good and substantial manner, so as to give a safe and easy passage, to all persons, and their property, wishing to cross the same. Toll gate and Sbc 3. After said bridge shall be completed, the said rates Isaac D. Patterson, his heirs and assigns, are hereby authori
zed to place a toll gate on either end of said bridge, or elsewhere, where he or they may demand of all and every person passing said bridge, the following rates of toll, viz: for each two horse wagon, drawn by two horses or one yoke of oxen, twenty-five cents; for each additional yoke of oxen or pair of horses, twelve and a half cents; for each one horse wagon or carriage, eighteen and three-fourths cents; for each man and horse, twelve and a half cents; for each head of hogs, sheep or goats, one cent; for each head of horses, cattle, mules, or asses, three cents; and six cents for each footman.
Sec. 4. The said Isaac D. Patterson, his heirs and assigns, K shall at all times after the completion of said bridge, keep the same in good repair, and allow a speedy passage; and if, at any time, the bridge be kept out of repair, so that the same be impassable for the space of three months at any one time, the said bridge shall accrue to the counties of Menard and Mason; Provided, however, That the destruction of said Proviso bridge by fire, high water, or other casualty, shall not work a forfeiture of the privileges hereby granted; but said Patterson, his heirs or assigns, shall proceed immediately to repair the same.
Sec. 5. When the commissioners of the counties of Me- count;es may nard and Mason deem it expedient to purchase said bridge, purchase they shall have the right to do so, by paying the said Patterson, his heiis or assigns, the value of said bridge, in current money of the State of Illinois, which value shall be ascertained by the valuation of three disinterested appraisers, to be appointed by the court of Menard county, who shall be sworn to a faithful and impartial discharge of their duties as such appraisers; or, if the commissioners of said counties will proceed without delay to build a free bridge at the place Free bridge t© aforesaid, or if the people of said counties, or any number of them will proceed without delay and build a free bridge across Salt creek at the place aforesaid, and have the same completed within one year from and after the passage of this act, they shall have the power to do so under this act; and the said bridge, when so completed, shall be and remain open and free for all persons and their property wishing to cross the same, and shall be and remain a free bridge to all intents and purposes: Provided, That if the said free bridge, proviso when so completed, shall remain out of repair for six months at any one time, the privileges herein before granted to Isaac D. Patterson, shall be revived, and he may proceed to the erec- p.rl"leSes ration of the toll bridge aforesaid, the same as if no bridge had been erected by the commissioners or the people aforesaid: proviso. Provided, further, That casualties, or high water, or otherwise, shall not work a forfeiture to the people of said counties, or commissioners, hereinbefore offered to them, but they may proceed immediately to repair the same: Provided, further,Thnt Farther prothe county commissioners' courts of the aforesaid counties, shall Tiso. have power so prevent the said Isaac D. Patterson from building the said bridge, if it shall appear to their satisfaction that the people of said counties arc opposed to it.
Sec. 6. If any person or persons shall wilfully do, or Injury done, cause to be done, any injury to said bridge, the person or per-how Punisned