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Such corporation shall, upon the filing of said certificate, cause to be published in some newspaper in or nearest the county in which their principal office is located, a notice of such changes of organization for three successive weeks.
Such change of name, place of business, increase or decrease of capital stock, increase or decrease of number of directors, managers or trustees, extension of duration of charter, or consolidation of one corporation with another, shall not affect suits pending in which such corporations or corporation shall be parties; nor shall such changes affect causes of action, nor the rights of persons in any particular; nor shall suits brought against such corporation by its former name be abated for that cause.
$ 13. All corporations with banking powers consolidating as provided in section 12, shall forward to the Auditor the complete proceeding of their consolidation, a list of the stockholders, and such other records as the Auditor may require, when the Auditor shall proceed as provided in section 5 of this Act in regard to the organization of new banks, and until he shall so proceed, and such consolidated corporation shall comply with all the provisions of such section, it cannot begin business.
$ 14. In all cases where any corporation having any banking powers, existing under and by virtue of any general or special laws of this State, has, prior to the passage of this Act, changed its name or its place of business, or increased or decreased its capital stock or the number of its directors, managers or trustees, in the manner provided by an Act of the General Asembly of this State, entitled “An Act to provide for changing the names, for changing the places of business, for increasing or decreasing the capital stock, for increasing or decreasing the number of directors, and for the consolidation of incorporated companies," approved and in force March 26, 1872, such change or changes are hereby ratified and confirmed and made valid and legal in all respects as if made in pursuance of the provisions of this Act.
§ 15. Any association organized under this Act, or any corporation with banking powers organized in pursuance of any general or special law of this State, or any consolidated corporation with banking powers as provided for by this Act, on depositing with the Auditor an amount of money equal to the whole amount of debts and demands against it, including the expenses of this proceeding, may determine its affairs, distribute its assets among its stockholders, resign its charter or certificate of incorporation, and close up its business, by a resolution passed at a meeting of its stockholders called for such purpose. The Auditor shall cause a copy of such resolution to be published in some newspaper published in the city or village where such bank or corporation is located; or if no newspaper shall there be published, then in the newspaper nearest to such city or village, and the Auditor shall in such publication also give notice that the notes and demands against such bank or corporation will be redeemed by him, and if any outstanding notes or other demands are not presented in one year, such bank may deposit with the Auditor or elsewhere, under his direction, and subject to his order, on interest, a sum sufficient to meet such outstanding
demands, which, when presented to the Auditor, shall be paid by him out of such sum and after six years from the day on which the publication of the dissolution was first made, the Auditor shall return to the stockholders, to be among them distributed, the remainder of any sum so deposited.
The Auditor shall be entitled to two per cent. of all money paid out by him under the provisions of this section, where the amount so paid, on account of any one bank or corporation, shall not exceed five thousand dollars, and one per cent. after that.
$ 1542. After January 1, 1921, no natural person or natural per60ls, firm or partnership shall transact the business of banking or the business of receiving money upon deposit, or shall use the word "Bank” or “Banker" in connection with said business or shall transact the business of transmitting money to foreign countries or buying and selling foreign money or receiving money on deposit to be transmitted to foreign countries provided that express, steamship and telegraph companies may continue their business of transmitting money and receiving money to be transmitted; and provided, further, that nothing herein contained shall be construed to prohibit banks incorporated under the laws of this State or of the United States from appointing natural per. cons as agents to receive deposits of savings in and through the public schools. Any person or persons violating this section shall be deemed guilty of a misdemeanor, and shall, upon conviction thereof, be punished by a fine of not more than one thousand dollars ($1,000) or by imprisonment in the county jail for not more than one (1) year, or by both such fine and imprisonment, and the Attorney General or State's attorney of the county in which any such violation occurs may restrain such violation by a bill in equity to be filed in the Circuit Court of such county.
16. “An Act concerning corporations with banking powers” approved June 16, 1887, and all Acts amendatory thereof, are hereby repealed as of the date this Act becomes effective.
$ 17. It shall be the duty of the Secretary of State for this State to submit this Act to a vote of the people for their ratification, according to Article XI, section 5, of the Constitution of this State, at the next general election, and the question shall be “For an Act to revise the law with relation to banks and banking” or “Against an Act to revise the law with relation to banks and banking”. And if approved by a majority of the votes cast at such election for or against such law, the Governor shall thereupon issue his proclamation that this Act is then in force.
APPROVED June 23, 1919.
SANITATION AND LABELING.
§ 1. Definition.
§ 6. What constitutes unit for sepa
rate and distinct offense. § 2. Not to us certain materials.
$ 7. Duty of Chief Factory Inspector § 3. Not to sell certain bedding.
to make investigation State's
attorney to prosecute. § 4. Form of labels and tags.
Penalty for violation of Act. $ 5. Labels and tags not
to be removed, etc.
(House Bill No. 434. APPROVED JUNE 28, 1919.) An Act defining bedding and to provide for the tagging and labelling
thereof, regulating the use of unsanitary materials therein, providing for the enforcement of the provisions of the Act and punishing violations thereof.
SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That the term bedding as used in this Act shall be construed to mean any mattress, mattress pad, bed comforter, quilted pad, upholstered spring or pillow, except where the filling thereof consists exclusively of sterilized feathers.
The word “person" as used in this Act shall be construed to impart the plural and the singular as the case demands and shall include corporations, companies, societies, and associations.
When construing and enforcing the provisions of this Act, the act, omission or failure of any officer, agent or other person acting for, or employed by, any corporation, company, society or association, within the scope of his employment or office, shall in every case be also deemed to be the act, omission or failure of such corporation, company, society or association as well as that of the person. The provisions of this Act shall not apply in the case of renovation of articles of bedding by or for the owner thereof for his own use.
§ 2. No person shall use in the making or remaking of any article of bedding as herein defined any material of any kind that has been used by or about any person having an infectious or contagious disease, or has formed a part of any article of bedding which has been so used, unless such material has been disinfected by an approved process of disinfection.
$ 3. No person shall knowingly sell, offer for sale, deliver, consign in sale, or have in his possession with intent to sell, deliver or consign in sale, any article of bedding that has been used by or about any person having an infectious or contagious disease.
§ 4. No person shall sell, offer for sale, or consign in sale, or have in his possession with intent to sell, or consign in sale any article of bedding as hereinabove defined, unless the same be labelled and tagged as follows:
I'pon each of such articles of bedding there shall be securely sewed upon the outside thereof a muslin or linen label or tag, not less than 2 in. bv 3 in. in size, upon which shall be legibly written or printed, in the English language, the material used as the filling of
8. Any person violating the provisions of this Act shall be
bedding so labelled or tagged under the provisions of this Act shall le guilty of a violation thereof. offered for sale, delivered, consigned or possessed with intent to sell, deliver or consign, contrary to the provisions hereof.
$1. It shall be the duty of the Chief Factory Inspector of the State of Illinois, when he has reason to believe that any of the provisions of this Act are being or have been violated, to make an immedthe same to the State's attorney for the county in which the supposed iate investigation and if he finds the facts warrant, he shall present viation has occurred and it shall thereupon be the duty of the State's in the proper court for the enforcement of the penalties herein proattorney to cause appropriate proceedings to be begun and prosecuted deemed guilty of a misdemeanor and upon conviction thereof shall be fined not less than $25.00 nor more than $500.00, or by imprisonment wah exceeding six months, or by both such fine and imprisonment. \PPROV ED June 28, 1919.
such article of bedding: If all the material used in the manufacture of such article of bedding shall not have been previously used, the words "Manufactured of Sew Material” shall appear upon said label of tag, together with the name and address of the maker, or vendor, úr successive vendors thereof.
If any of the material used in the making or remaking of such article of bedding shall have been previously used, the words “Manufactured of Used Material” or “Re-made of Used Material” as the case may be, shall appear upon said tag or label, together with the name and address of the maker or vendor or successive vendors thereof, and also the material used as the filling of such article of bedding.
The words Manufactured of New Material or "Manufactured of Used Material" or "Re-made of Used Material” together with the description of the material used as the filling of articles of bedding shall be of letters not less than one-eighth (13) of an inch in height.
If such article of bedding be enclosed in a bale, box or crate, the receptacle shall bear a tag stating that the contents of the package is labelled or tagged as required by this Act.
In the description of material used upon said label or tag it shall be unlawful to use in the description of such material, used as the filling of any article of bedding, any term or designation likely to
$ 5. Any person who shall remove, deface, alter or shall cause to be removed, defaced or altered any label or tag upon any article of
6. The unit for a separate and distinct offense in violation of this Act shall be each and every article of bedding made, re-made, sold,
AN ACT to amend section one (1) and section six (6) of an Act en
titled, "An Act authorizing The Commissioners of Lincoln Park to issue bonds, and providing for the payment thereof," approved June 24, 1915, in force July 1, 1915. SECTION 1. Be it enacted by the People of the State of Illinois
, represented in the General Assembly: That section one (1) and section six (6) of an Act, entitled “An Act authorizing “The Commissioners of Lincoln Park’ to issue bonds, and providing for the payment thereof” approved June 24, 1915, in force July 1, 1915, be amended so as to read as follows:
§ 1. That “The Commissioners of Lincoln Park” of the county of Cook, are hereby authorized to from time to time issue bonds not exceeding the total amount of two million dollars ($2,000,000) for the purpose of enlarging and improving Lincoln Park and completion of work already begun.
8 6. In case a majority of the votes cast upon the proposition shall be in favor thereof "The Commissioners of Lincoin Park” may proceed, from time to time, to issue and sell said bonds, in denominations of one hundred ($100) dollars, or any multiple thereof, payable in not exceeding twenty (20) annual installments, said bonds to bear interest at the rate of not more than five (5) per centum per annum, evidenced by interest coupons payable semi-annually. Nothing herein contained shall be construed to authorize the contracting of an indebtedness in excess [of] five (5) per centum of the valuation of the taxable property in said district as assessed for State and county purposes.
APPROVED May 1, 1919.
(SENATE BILL NO. 488. APPROVED JUNE 28, 1919.) An Act to amend section one (1), section two (2), and section three (3)
of an Act entilled, “An Act authorizing the Commissioners of Lincoln Park to issue bonds, and providing for payment thereof," approved May 25, 1907, in force July 1, 1907.
SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section one (1), section