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more than thirteen persons, who shall, at their first meeting, and as often as practicable thereafter, elect, by ballot, from their number, a president, vice president and cashier. The persons named in the first section of this act shall be the first trustees; and all vacancies in said board shall be filled at the next regular meeting thereof, after such vacancy shall occur; and the person receiving a majority of the votes of the trustees present shall be declared duly elected. A majority of the trustees, of whom the president, vice president or cashier shall be one, shall constitute a quorum for the transaction of business.

§ 5. The said corporation may have and use a common seal, which they may change at pleasure; and all deeds, conveyances and agreements made by their president, cashier or other person, by their authority, shall be good and valid; and said corporation shall have power to sue and be sued, plead and be impleaded, defend and be ruled to answer, by the corporate name.

§ 6. It shall be lawful for this corporation to take, on investment of moneys, under this act, a rate of interest not exceeding ten per cent. per annum, as may be directed by the board of trustees.

7. No trustee or officer of said corporation shall, directly or indirectly, borrow any of the moneys of said corporation, or in any manner use the the same, except in the lawful business of the corporation. All evidences of deposit shall be as binding upon this corporation, if made by the proper officer, as though under the seal thereof. Said corporation is hereby prohibited from issuing bills or notes, to circulate as money.

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8. A misnomer of said corporation in any instrument of writing whatsoever shall not vitiate the same, if the corporation is sufficiently described therein to declare the intention of the parties.

§ 9. Said board of trustees shall have power to make such by-laws as may be deemed necessary in the management of the affairs of said corporation and as are not inconsistent with any laws of this state or of the United States; and shall hold regular meetings, for the transaction of business. No trustee, as such, shall be entitled to any pecuniary compensation, for his services.

§ 10. No interest shall be allowed to any depositor until his deposit shall have reached three dollars and remained in said corporation three months thereafter; and no interest to be allowed for any fraction of a month; and every additional sum, amounting to two dollars or more, to bear interest in the same manner. Deposits made by minors and married women may be repaid to them, and their receipts shall discharge said corporation from the sums so repaid.

8 11. The books of said corporation shall, at all times, during the hours of business, be open to the inspection and

examination of the auditor of public accounts in this state and such other persons as the legislature shall designate. Said corporation shall make an annual report of the condition of its affairs, the amount of deposits, and how the same or any part thereof has been invested, to the auditor of public accounts or to the legislature.

12. Said corporation is hereby authorized to take, hold and convey such real estate as may be necessary or convenient for the transaction of its business, and such as may be conveyed to said corporation as security or in payment of debts, or purchased by it at sales under judgments or decrees recovered or by belonging to said corporation, and such personal property as necessary or convenient for the transaction of business.

13. It shall be lawful for said corporation to make temporary deposits in any incorporated bank in Chicago, New York, or other place, where it is for the interest of said corporation so to do, and to receive interest thereon, at such rates, not exceeding that allowed by law, as may be agreed upon.

14. Said corporation is hereby authorized to accumulate, gradually, and hold invested a surplus fund, not exceeding twenty-five thousand dollars, to the end that in case of depreciation of any securities held by said corporation, any loss to the depositors may thereby be prevented and made good by said fund; and it is hereby authorized to hold an available fund, not exceeding one-third of total amount of deposits with said corporation, for the payment of demands against corporation, which may be kept in such available form as the trustees may direct.

§ 15. The accumulated fund, herein provided for, and the real and personal property belonging to said corporation, shall be liable to taxation as other real and personal estate; but said corporation shall not be liable to taxation on deposits made therein or on any security taken for or in any investment of the same.

16. The subordinate officers of said corporation shall, respectively, give such security for their fidelity and good conduct as the board of trustees may, from time to time, require; and said board shall fix the salaries of such officers.

17. All sums of money, together with the accumulated interest thereon, remaining uncalled for for the space of five years, shall become forfeited, and the same shall be paid over for the use of the public schools in Stephenson county: Provided, such sums of money, so remaining uncalled for, shall first be advertised in a paper published in the city of Freeport for six successive weeks previous to the expiration of said five years, and the expense thereof deducted from the

amount.

§ 18. The first meeting of the board of trustees of said corporation shall be held on the first Monday of April, a. d.

1861, in the city of Freeport, after having given public notice of the same.

$ 19. This act to take effect from and after its passage, and be liberally construed, for the purpose therein contained.

APPROVED February 22, 1861.

In force February AN ACT to establish a Ferry across the Mississippi river at Alton, Madison 20, 1861.

Landing places.

Rates of ferriage.

Taxation:

Ferry boat.

County, Illinois.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That John Snowden, Henry S. Baker, A. L. Chouteau, and such other persons who may be associated with them, be and they are hereby authorized and empowered to maintain and keep a ferry, for and during the term of thirty years, from the passage of this act, across the Mississippi river, at Alton, Illinois, to some point on the opposite side or bank of said river, in the state of Missouri.

§ 2. The said ferry company, after having selected and located their place of landing on the east bank of the Mississippi river, within the corporate limits of the city of Alton, subject to the control of the common council of said city, relative to the place of landing, shall report the same to the common council of said city of Alton, after which no license shall be granted, during the said term, to any other person or persons or body corporate to keep or own a ferry within two miles above or below said landing.

§3. That the said John Snowden, Henry S. Baker, A. L. Chouteau, and their associates, and their heirs and assigns, shall keep, at all times, a good and sufficient ferry boat, with such other boats as may be necessary for the speedy and safe transportation of passengers, teams, horses, cattle and other animals, as well as goods and effects; and said boat or boats may be propelled either by men, horses or steam power, at the option of said company, and shall charge and receive such rates of ferriage as may be allowed by the common council of the said city of Alton.

4. That the said John Snowden, Henry S. Baker, A. L. Chouteau, and their associates, shall pay into the treasury. of the city of Alton such amount of taxes as may be imposed upon said ferry, not exceeding ten dollars per annum; and, in the management and regulation of the aforesaid ferry, shall be governed by the act to establish ferries and toll bridges, approved March 3d, a. d. 1845.

5. The said John Snowden, Henry S. Baker, A. L. Chouteau, and their assigns, shall be entitled to all the ben

efits of the forty-second chapter of the Revised Statutes, in regard to ferries; and if the aforesaid ferry company shall fail to have in operation a good and sufficient ferry boat by the first day of November, A. D. 1861, all the privileges conferred upon said ferry company by this act shall be forfeited. And all acts and parts of acts heretofore passed by the legislature of the state of Illinois, relative to establishing a ferry or ferries at Alton, be and the same is hereby repealed.

6. This act shall take effect and be in force from and after its passage.

APPROVED February 20, 1861.

AN ACT to charter a Ferry across the Illinois river, at the town of Chilli. In force February cothe, Peoria county.

20, 1861.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That John H. Batchelder and Ezra Sprague, their heirs and assigns, Form of charter. are hereby authorized to establish and keep a ferry, for the term of twenty years, across the Illinois river, between the town of Chillicothe, in the county of Peoria, and state of Illinois, and the opposite shore of said river; during which time no license shall be granted by the county authorities of Peoria county to any person or persons or body corporate to establish or keep a ferry within one mile of said town, either above or below said town.

agement cf.

2. The said John H. Batchelder and Ezra Sprague Boats and manshall cause said ferry to be furnished with a good tight boat or boats, sufficient for the safe transportation of all passengers, their teams, stores, cattle or other animals, wagons and the goods, effects, property and etc., of all persons; and said boat or boats shall be provided with men, of suitable strength and skill, to manage the same, or with horses, or with steam, or with suitable and equivalent propelling power, at the option of the said Batchelder and Sprague.

§3. The said John H. Batchelder and Ezra Sprague Landing place. shall be allowed to run said ferry from the foot of Pine or Walnut streets of said town of Chillicothe or from any land or lot they may own in said town, landing at the end of any road, which is or may be established, opposite said town of Chillicothe, or upon any land, with the consent of the owners thereof, or upon any other road which may be established opposite said town.

bridges

4. Be it further enacted, That the said John H. Batch- Construction elder and Ezra Sprague be and are hereby authorized to construct or cause to be constructed a bridge across the east branch of the Illinois river, opposite the town of Chillicothe, for the convenience of all persons wishing to cross said ferry

of

at such point or place, as will be most eligible and convenient: Provided, the consent of the owner or owners of land affected thereby be first had and obtained: And, provided, also, that all persons shall have the right and the privilege of crossing upon said bridge, at all times, without charge or molestation.

§ 5. Be it further enacted, that sections five, six, seven, eight, nine, eleven and twelve, of chapter forty-two of the Revised Statutes of eighteen hundred and forty-five, in relation to toll-bridges and ferries, and here referred to, are made a part of this act, so far as said sections are applicable to ferries.

§ 6. This act is hereby declared a public act, and to be in force from and after its passage.

APPROVED February 20, 1861.

In force February AN ACT to amend an act entitled "An act to establish a Ferry therein nam7, 1861.

ed," approved February 13th, 1857.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That an act entitled "An act to establish a ferry therein named," approved February 13th, 1857, be amended, by striking out the name of Charles Summers, wherever it occurs in said act, and inserting in lieu thereof the name of Edgar Summers, and by striking out the words "one mile," in the sixteenth line of section third of said act, and inserting in lieu thereof the words "two miles:" Provided, such amendment shall not interfere with any vested right or franchise.

2. Said Edgar Summers shall succeed to all the rights, privileges and benefits by the said act conferred upon the said Charles Summers, and shall be subjected, in the enjoyment thereof, to the same restrictions and regulations as therein imposed upon the said Charles Summers.

3. This act shall take effect and be in force from and after its passage.

APPROVED February 7, 1861.

In force February AN ACT to extend an act approved February 12th, 1851, granting certain

8, 1861.

ferry privileges therein named to Jeremiah Crotty.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That all the rights, privileges and immunities granted to Jeremiah Crot

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