such notice as the president and directors may prescribe: And, provided, further, that the office of said company shall be within or near the town of DuQuoin, in the county of Perry.

stock.

§ 6. The president and directors shall issue certificates Certificates of stock to the owners thereof, whenever the same shall be paid for; which certificate shall be signed by the president and countersigned by the secretary and registered in a book, to be kept for that purpose. Said certificates, when issued, shall be transferable and assignable in such manner as the president and directors shall, by their by-laws, prescribe.

§ 7. It shall be lawful for the president and directors to borrow or obtain on loan any sums of money, not exceeding the amounts of stock actually paid in, on such terms and conditions as they may deem expedient and for the interest of said company, and to issue bonds for the same, secured by mortgage on the real or personal estate of said company or otherwise.

of

§ 8. It shall be lawful for the president and directors to Payments of subrequire payment of the sums subscribed to the capital stock scription. at such times, in such proportions and on such conditions as they shall deem fit, under the penalty of the forfeiture of all previous payments thereon; and shall give notice of the payments thus required and of the place and time when and where the same are to be paid and the amount required, at least sixty days previous to the payment of the same, in some public newspaper published in the town of DuQuoin, or, in case no paper is published in said town, then in the next nearest newspaper; and if any person who shall have subscribed stock in said company shall fail to meet any such call, within the time prescribed by said president and directors, he, she or they shall not be entitled to vote for president and directors at any annual election, unless otherwise ordered by the president and directors of said company.

$ 9. This act shall be and the same is hereby declared to be a public act; and the same shall take effect and be in force from and after its passage.

APPROVED February 20, 1861.

AN ACT to amend an act entitled "An act to incorporate the Eagle Coal In force February Company," approved February 14th, 1857.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That said company are hereby authorized and empowered to increase their capital stock to any amount, not exceeding five hun

22, 1861.

dred thousand dollars, and the number of their directors to any number, not exceeding seven.

2. It shall be lawful for said company to construct and operate railroads, from their mines, to connect with other contiguous railroads, under and subject to the powers granted by the act to which this is an amendment, for the purpose of constructing a railroad from their mines to the Illinois Central railroad: Provided, none of said railroads, hereby authorized to be constructed, shall exceed fifteen miles in length.

3. The fourth section of the act to which this is an amendment is hereby repealed.

4. This act to be in force from and after its passage. APPROVED February 22, 1861.

In force February AN ACT to amend an act entitled "An act to incorporate the Eureka Coal 22, 1561.

Construction of railroads.

Company," approved February 16th, 1857.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That said company are authorized and empowered to erect and operate such machinery as may be necessary for the manufacture of coal oil, iron or any other article of which the product of their mines form a component part.

§ 2. Said company is hereby authorized and empowered to construct one or more railroads, to connect their property with any railroad constructed or that may be hereafter constructed; and all powers and privileges conferred upon the Eagle coal company are hereby conferred upon the said Eureka coal company.

§ 3. All the powers and privileges conferred on said company, heretofore limited to the county of Livingston, are hereby extended to the county of LaSalle.

84. This act shall be in force from and after its passage. APPROVED February 22, 1861.

In force February AN ACT to define the powers of the Illinois Central Iron and Coal Mining 20, 1861.

Company.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That all the rights, powers and liabilities of the Illinois Central Iron and Coal Mining Company, heretofore incorporated under the general laws of this state, shall be such as are prescribed

by the act entitled "An act to authorize the formation of corporate companies for the purpose of mining and transportation, by a general law," approved June 22d, 1852; and all the business affairs and management of said company shall be conducted under and conform to the above entitled act, anything in the articles of association of said company to the contrary notwithstanding.

2. This act to be in force from and after its passage. APPROVED February 20, 1861.

AN ACT to amend an act entitled "An act to incorporate the Mount Carbon In force February Coal Company," approved January 24th, 1835, and the several acts supple

mentary thereto, approved February 26th, 1841, February 1st, 1851, Feb

ruary 10th, 1853, and January 19th, 1857, and for other purposes.

6, 1861.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the said Mount Carbon coal company shall hereafter be known and Corporate name. recognized, in all courts of law and equity, within the state of Illinois, as "The Mount Carbon Coal and Railroad Company," with perpetual succession; that all the corporate rights, privileges and franchises heretofore granted to the said Mount Carbon coal company, in the several acts heretofore recited, are hereby granted, transferred and reserved to the said Mount Carbon coal and railroad company, as though the same were herein fully described and set forth, and the same are hereby declared to be in full force and effect; and all causes, if any exist, of forfeiture are waived.

§ 2. That the capital stock of said company shall remain Capital stock. at one million of dollars, divisible into forty thousand shares, of twenty-five dollars each, on the terms and under the conditions and provisions contained in the original act of incorporation of said company.

3. That so much of the provisions of the act entitled Big Muddy river. "An act declaring Big Muddy river a navigable stream," approved February 28th, 1839, as applies between the point. where said river crosses the east line of section twenty-two, of township nine south, in range three west of the third principal meridian, to its source, is hereby repealed and declared null and void.

4. That this act shall be deemed and taken as a public act, and shall take effect and be in force from and after its passage: Provided, that said company shall comply with the restrictions set forth in the original act of incorporation and the several acts supplementary thereto.

APPROVED February 6, 1861.

In force February 21, 1861.

Name.

AN ACT incorporating the Northwest Illinois Coal Company.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That William Bailey, Elisha P. Reynolds, Felix R. Brunot, George H. McIlvaine, Samuel Hopper, Joshua Harper, and Charles M. Osborn, their associates and successors, be and are hereby constituted a body politic and corporate, under the name and style of "The Northwest Illinois Coal Company," with perpetual succession; with power to contract and be contracted with; by that name to sue and be sued; to have a common seal, and to alter, renew and amend the same at pleasure; to take and hold, by purchase, land in the counties of Henry and Rock Island, for the purpose of mining, coking, transporting and selling mineral, and for the mining of iron ore, and the manufacture, transportation and sale of Amount of real iron: Provided, however, that the land so held shall not at

estate

any time exceed five thousand acres, and the east half of section twenty-two (22,) in township No. (17) seventeen north, of range one (1) east of the fourth principal meridian, and lying in the county of Henry, shall constitute a part thereof; and, moreover, to appoint all necessary agents and officers, and to make such by-laws and regulations, for the more thorough organization of said company and the pro-ecution of its business, within the meaning of this act: Provided, said by-laws and regulations are not inconsistent with the laws of this state or of the United States; and, moreover, with power to hold such personal property, and, to possess and erect such roads, railroads, buildings, stacks and inachinery, as may be necessary for the mining, coking, transporting, manufacturing and selling, in pursuance of the powers given in this act.

§ 2. The capital stock of this company shall be two hundred thousand dollars, divided into shares of fifty dollars each; with power, by vote of the stockholders, at a meeting duly called, to increase the said capital stock to the sum of five hundred thousand dollars.

§ 3. The said company shall have authority to construct a railroad, from the east half of section number twenty-two, (22,) in township number seventeen (17) north, of range number one (1) east of the 4th principal meridian, or any part thereof, or from any part of any lands they may hereafter purchase, under authority of this act, to the Mississippi river, or to connect with any other railroad, in Henry or Rock Island county: Provided, that said railroad, with which this company shall connect, shall not, in its rates or charges, or by the allowance of any discounts, drawbacks or commissions to any other individual or company or in any way whatever, discriminate against the business of the company hereby chartered.

4. The right of way for said road or roads, to be con- Right of way. structed under the provisions of this act, as also for depots, landings, &c., may be obtained and held by said company, either by purchase, gift or grant, or in the mode prescribed for the road with which it may connect, or in the mode prescribed by an act entitled "An act to amend the laws condemning the right of way for purposes of internal improvement," approved June 22nd, 1852, as said company may elect.

§ 5. The affairs of said company shall be managed by a officers. president and board of directors and such other officers as they may appoint. The president shall be chosen by the board of directors, from their own number. The board of directors shall consist of not less than three nor more than seven persons, who shall be elected, annually, by the stockholders, at such time and place as the by-laws of said company may prescribe. In each election by the stockholders of said company each share of stock shall be entitled to one vote, and the persons having the largest number of votes shall be declared duly elected: Provided, if, from any cause, the stockholders shall fail to elect then the retiring board shall continue to act until the new election is made.

ney. ·

§ 6. Said company is hereby authorized, from time to Borrowing of motime, to borrow money, to an amount not to exceed the capital stock actually paid in; and, for that purpose, may issue bonds, bearing interest at a rate not to exceed ten per cent. per annum; and, to secure the same, may execute one or more mortgages upon all or any part of the property of said company; which said mortgages, being duly acknowledged and recorded in the county or counties in which the property may lie, shall be valid and ellectual liens upon the property of said company, to the extent and for the purposes for which they are executed.

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

APPROVED February 21, 1861.

AN ACT to incorporate the Sparland Mill and Coal Company.

In force January 22, 1861.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That Egbert R. Hurlbut, James Y. Callen, Joseph Sargent, Lyman P. Bates, William Atwood, S. C. Cotton and G. L. Fort, and their associates, successors and assigns, are hereby created and constituted a body politic and corporate, under and by the name and style of "The Sparland Mill and Coal Com- Name. pany;" and by that name and style shall act, be known and