AN ACT to incorporate Huck's Chicago Brewery Company.

In force Feb. 19, 1867.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That John A. Huck, Lewis C. Huck, Philip Bartholomae, Jacob Rhem, and John S. Miller, and their associates and successors, and all such persons as shall become stockholders in the company hereby created, shall be a body politic and corporate, by the name and style of "Huck's Chicago Brewery Corporate name Company;" and by that name they and their successors shall be known and have succession; may sue and be sued, plead and be impleaded, defend and be defended in all courts of law and equity; and may have and use a common seal, and alter the same at pleasure.

and

powers.

2. The capital stock of said company shall be five Capital stock. hundred thousand dollars, with power to increase the same to one million dollars, to be subscribed and paid for in manner hereinafter mentioned; which said capital shall be divided into shares of one hundred dollars each, and shall be deemed personal property, and shall be transferable on the books of said company in such manner as its by-laws may prescribe.

and deal malt, hops,

beer, etc.

3. The object of the said company is, and it is hereby sell empowered, to purchase, acquire and incorporate the Eagle in Brewery, in Chicago, and also to acquire, purchase, manufacture, sell and deal in malt, hops, beer, ale, wines, spirituous, fermented and distilled liquors.

§ 4. It shall be lawful for the said company to acquire, purchase and hold, or sell and dispose of such real estate as may be nessary for the transaction of its business; and, also, to borrow money and to pay interest thereon, and to make and execute bonds, bills, notes, mortgages and other securities and evidences of indebtedness, as may be neces- Indebtedness. sary for the carrying on of the business mentioned in section three of this act; and may, also, take security from its customers and others, upon real estate or personal property, or chattel interests, for current accounts, including accruing and future indebtedness; and, also, to bid in or purchase any real estate or other property or chattel interests, at any judicial or other sale made by virtue of any debt, security, trust or power made to or vested in or held by or for the said company; and to receive and take in satisfaction of any debt or security any real estate, and to hold and dispose of the same for its own use and benefit.

5. The affairs of said company shall be managed by a Affairs-how board of directors of at least five. They shall hold their managed. office for one year, and until their successors shall be elected Term of office, and qualified. And an election of directors shall be held etc. by the stockholders when and so soon as two hundred thousand dollars of the capital stock shall have been sub

ties of

pany.

com

scribed, and five per cent. paid thereon. And three of the corporators herein named shall be commissioners to open books for subscription to the capital stock, which shall be done within one year from and after the passage of this act. And the money so received by the commissioners shall be paid over to the directors, when elected.

Powers and du- 6. The directors shall, annually, elect a president from their own body; they shall have the power, from time to time, in their discretion, to make, pass, alter, establish, rescind and re-establish such rules, regulations and by-laws, for the government of the said company and the management of its affairs and business, and for the appointment of a secretary, treasurer, and all such agents and attorneys as they may deem necessary and proper, and may prescribe their duties, fix their remuneration, require bonds, and do all other acts which may be deemed expedient, to promote the interests of said company, not inconsistent with the laws of this state or of the United States; but no by-laws of the said company shall be passed without the consent of a majority of the directors; and all the acts of the duly appointed officers and agents of the said company done and performed under authority of its by-laws, rules and regulations, shall be binding upon the said company. The bond from the treasurer shall not be less than thirty thousand dollars. Subscriptions to § 7. The directors shall have power to call for the balance due on the subscription to the stock of the said company, at such times and in such installments as they may deem proper; and in the event of the non-payment of any call within sixty days after due notice, (which may be by letter mailed to his or her address, as it appears upon the stock books of the company,) it shall be lawful for the directors, at their option, to enforce such payment or to sell fairly, by public auction, the amount of stock standing in the name of such non-paying stockholders, to any person or persons, or to buy in the same, for the benefit of the said company; and the proceeds of such sale shall be paid over to such Stockholders. non-paying stockholders, who shall, upon such sale, cease to be a stockholder in the said company; and the purchaser or purchasers of said shares of stock shall have and enjoy all the rights, privileges, dividends and profits accruing or accrued to or in respect of the said shares of stock, and become liable for the payment of all calls then due or thereafter made on said shares of stock.

stock.

Amounts payments

of

and 8. It shall be lawful for the directors of said company, dividends. from time to time, to make and declare and pay dividends upon the capital stock of the said company, in such manner and in such amounts as they may deem most expedient for the interests of the said company.

§ 9. Said company shall keep in the office of its secretary proper books, in which shall be kept a full and correct record of the names and post office addresses of the stock

holders, to be furnished by them, and of the amount of stock held by each, and of all transfers thereof; also, a record of the proceedings of the stockholders of said company, and of the proceedings of its board of directors, and of its by-laws, rules and regulations, and of its business transactions; which books shall be subject to inspection at all reasonable times, during business hours, by any stockholder of said company.

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

APPROVED February 19, 1867.

AN ACT to incorporate the Union Brewery and Coopering Company.

in force Feb. 28, 1867.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That Albert F. Lincoln, John Lutz, Philip Zell, Louis Green, and Ferdinand Welte, and such other persons as may associate with them for that purpose, are hereby constituted a body politic and corporate, by the name and style of "The Union Name and style. Brewery and Coopering Company ;" and by that name and style they and their successors shall have perpetual succession, with power to sue and be sued, plead and be impleaded, Powers. to acquire, hold and convey property, real, personal and mixed, to have and use a common seal, and to do and perform all lawful and necessary acts and things in carrying into effect the object and purpose of this act.

§ 2. The capital stock of said company shall be one Capital stock. hundred thousand dollars, divided into shares of one hundred dollars each; but the said corporation shall have power to increase their said capital stock to any sum, not exceeding two hundred thousand dollars, at any time, by vote of the directors of said company.

§3. The persons named in the first section of this act Commissioners. are hereby appointed commissioners, who, or a majority of whom, are hereby authorized to open subscription books for said stock, at such times and places as they may deem proper. The said commissioners shall require each subscriber to pay ten dollars on each share subscribed at the Stock subscriptime of subscribing; and, whenever fifteen thousand dollars tion. of said stock shall be subscribed, the said commissioners shall call a meeting of the stockholders, by giving ten days' notice in some newspaper printed in the city of Peoria; and at such meeting the stockholders, (having one vote for each share,) shall proceed to elect five directors of said Directors. company, to whom, when elected, the said commissioners shall deliver up said subscription books, with all sums of

Term of office.

Quorum.

President.

urer.

Bonds.

money or other property they may have received as commissioners of said company. No person but a stockholder

shall be a director in said company.

§ 4. The directors of said company shall hold their office for the term of one year and until their successors are elected; and the said directors, (a majority of whom shall form a quorum for the transaction of business,) shall elect one of their number to be president of said company, and Secretary, treas- one of their number secretary and treasurer of said company; and said directors shall have power to appoint such Other officers. Other officers as may be necessary for the transaction of the business of said company; and to require the treasurer of said company to give a bond in the sum of ten thousand dollars, with sufficient security, conditioned to account for and pay over all moneys that may come into his hands and for the faithful discharge of his duties, as prescribed by the by-laws and ordinances of said company, and are hereby empowered to make all necessary rules, by-laws, regulations and ordinances that they may deem necessary to accomplish the designs and purposes of said company, and for the transfer and assignment of its stock, which is hereby declared personal property, and transferable in such manner as shall be provided for by the ordinances of said corporation.

By-laws.

5. The directors of said company, after the same is organized, shall have power to open books in the manner prescribed in the third section of this act, and to fill up the Balance and in- balance of the stock of said company, and any increase of stock voted to be made, as they may deem for the interest of said company, and prescribe times of payment of installments on said capital stock, in such sums as they may deem best calculated to advance the interests of said company.

crease of stock

Necessary buildings.

Debts.

Contracts, bonds, etc.

6. The said corporation shall have power to erect all necessary buildings, fixtures and machinery in the city of Peoria for the prosecution of its business in making and manufacturing beer, malt and other liquors, and all kinds of cooperage, and to purchase and provide stock and materials for the same.

§ 7. In order to facilitate the business operations of said company, the said directors shall be authorized to obtain any sum or sums of money on their bonds, mortgages or other evidences of debt, to the amount of stock actually subscribed; but at no time shall the debts of the company exceed in amount the capital stock. The shareholders shall be liable only to the full amount of the stock subscribed for and taken by them.

$8. All contracts, bonds, agreements, deeds and other instruments taken or received by said company shall be executed to the company in its corporate name, and all deeds or mortgages made or executed by said corporation shall be upon the order of the board of directors, entered

on their records at any meeting of the board, and made by the president and sealed with the corporate seal and attested by the secretary; and such conveyance shall recite and set forth the order made by the directors for that purpose.

tions.

meet

§ 9. The time for the annual meeting for the election of Annual directors shall be the first Monday of the month of January ings for elecin each year; and notice thereof shall be given in some newspaper thirty days previously: Provided, that an Proviso. omission to hold such annual meeting shall not work a forfeiture of their charter or a dissolution of the corporation. 10. This act shall take effect from and after its passage. APPROVED February 28, 1867.

AN ACT to incorporate the Elmwood Building Company.

In force Feb. 20,

1867.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That William Corporators. J. Phelps, Addison L. Tracy, William Edwin Phelps, Harlan P. Tracy and James Lee, and their associates, successors and assigns, be and are hereby created a body politic

and corporate, by the name and style of "The Elmwood Name and style. Building Company ;" and by that name and title shall have perpetual succession; and shall be capable of suing and being sued, pleading and being impleaded, answering and Powers. being answered in all courts of law or equity whatever; to have and use a common seal, and alter the same at pleasure; to establish all by-laws for the government of the company, and alter or amend the same; to purchase, hold, sell and convey real estate, and to receive the same in payment for stock; to borrow money and secure the same by mortgage on the real estate or other property of the company; to erect and maintain buildings in the town of Elmwood, in Peoria county, suitable for hotel, mercantile, storage, dwelling and other purposes, and lease or occupy the same, as to them shall seem wise and prudent; and, generally, to have and exercise all powers, rights and privileges usually accorded to corporations for such purposes.

82. The capital stock of the company shall be one hun- Capital stock. dred thousand dollars, divided into shares of one hundred dollars each, for which certificates shall be issued, and may be increased to any sum not exceeding three hundred thousand dollars. It is provided, however, that when ten thousand dollars of the capital stock shall be subscribed and paid in, the company may organize and go into full operation.

3. This act shall be deemed a public act, and take effect from and after its passage. APPROVED February 20, 1867.

Vol. I-14