182. How loans, etc., may be renewed.) § 7. Loans on pledges and pawns may be renewed from time to time, but in no case longer than one (1) year.

183. Account to be kept-What to contain.) § 8. The said corporation shall keep a correct account of all money loaned on pawns and pledges, rate charged, the description of the property, and the name and address of the borrower; and the name and address of the borrower shall be plainly written on a card to be attached to all property pledged, which card shall also state the amount loaned, the rate charged, the date when loaned, and the length of time for which loaned, and every pawner or pledger shall receive from said corporation a card inscribed with its name, describing the article or articles pawned, the name of the pawner, the amount of the loan, the rate of compensation, the date of the loan and the date of the expiration of the time for which the loan was made, and the name and the page of the book in which the same is recorded.

184. Where to do business.) § 9. No corporation organized under this act shall do business in any other county than the one in which it is organized.

185.-Annual dividends.) § 10. The said corporation may from time to time, out of the profits realized out of said business, declare and pay an annual dividend of not to exceed six per cent (6%) on its capital stock.

186. Appointment of directors by Governor and Mayor.) § 11. The Governor of the State and the Mayor of the city in which the main office of said corporation shall be located, shall each appoint one director, who shall not be a stockholder or employe of such corporation, whose term of office shall be two (2) years, unless sooner removed by the Governor or the Mayor who made the appointment, and said directors shall have the same power and authority as the other directors of the corporation.

187. Annual report.) § 12. The president and directors of any corporation organized under this act shall, annually, in the month of October, file with the Auditor of Public Accounts of the State a full report of the business of the corporation for the year expiring September 30, in each year, and shall give the names and the amount of shares of capital stock held by each stockholder of said corporation on the said date, which said statement shall be under oath.

188. Duty and power of auditor.) § 13. The Auditor of Public Accounts shall exercise all powers of examination and

supervision of any corporation organized under this act which he now exercises over trust companies under the act for regulating the administration of trusts by trust companies, approved June 15, 1887, and the fees prescribed to be paid by said act shall apply to any corporation organized under this

act.

189. Violations of act to be reported by directors.) § 14. Directors, appointed by the Governor and the Mayor shall, under oath, report to the Governor of the State any violations of any of the provisions of this act by the said corporation, or any of its officers or employes.

190. Not to have banking powers or receive deposits.) § 15. No corporation organized under this act shall have any banking power, whether of issue, deposit or discount, and shall not receive deposits of money or negotiable security, or loan money on commercial paper, notes, checks, drafts, or other negotiable commercial instruments.

191. Penalty.) § 16. If any corporation organized under this act shall, as a condition of redemption, or for making the loan, or otherwise, in any way or for any purpose, charge to the pawner or pledger any sum in excess of the amount herein authorized to be charged, such corporation shall thereby forfeit all claims to, or lien upon, such pawn or pledge, and it shall deliver such pawn or pledge on demand to the pawner or pledger, his legal representatives or assigns, and in default of so doing such pawner or pledger, or his legal representatives or assigns, may recover the possession of such pawn or pledge by the action of replevin, or, at his election, may recover from such corporation the value of such pawn or pledge in an action at law therefor; any wilful violation of this act by any corporation organized under it, by which any person shall suffer or sustain loss or damage shall forfeit its right to do business, and the Attorney-General of the State shall take the necessary legal measures to wind up and discontinue its business; any directors, officer or employe of any corporation organized under this act who shall charge, take or collect or receive any compensation on a loan beyond or in excess of the charges herein allowed, shall be guilty of a misdemeanor and be fined not to exceed one hundred dollars ($100), or be imprisoned in the county jail for not more than six (6) months, or both.

Illinois State Poultry Association, etc.

AN ACT legalizing the Illinois State Poultry Association, to define certain duties of said association: To make an appropriation therefor. (Approved June 9, 1897. In force July 1, 1897. L. 1897, p. 27; Legal News Ed., p. 140.

169. Legalizes poultry association.) § 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That the regular organized and incorporated society known as the Illinois State Poultry and Pet Stock Association, whose articles of incorporation are recorded in the office of the Secretary of State, be and the same is hereby legalized by the State of Illinois.

170 Officers of the association.) § 2. The officers of the corporation shall consist of a president, vice-president, secretary, treasurer and executive committee, consisting of five responsible men. Secretary to give bond for two thousand dollars, treasurer to give bond for five thousand dollars, to be approved by the president and executive committee. The officers shall be elected annually at the regular meeting in January by a majority of the members of said association.

171. Annual exhibition.) § 3. The Illinois State Poultry and Pet Stock Association shall hold the annual exhibition during the month of January, at such place in the State as the officers may select, the object of which shall be for the advancement along poultry lines such as exhibition of poultry, gathering statistics and diffusing practical knowledge on subjects pertaining to the poultry interests of the State, by addresses, papers, discussion and such other means as the officers may direct.

172. Appropriates $2,000.) § 4. The sum of two thousand dollars is hereby appropriated out of any money in the State Treasury not otherwise appropriated for the use and benefit of said association, and the State Auditor is hereby authorized to draw his warrant for the same and deliver to the president and treasurer of the Illinois State Poultry and Pet Stock Association, upon their presenting proper vouchers therefor certified to by the president and secretary of said association. Said amount to be used for the purpose of premiums and defraying the expenses incurred in holding their annual exhibition, such as getting out premium lists and for such other purposes as in the judgment of the officers shall best subserve the poultry interests of the State of Illinois.

AN ACT to define certain duties of the Illinois State Poultry Association and to make an appropriation therefor. (Approved April 6, 1899. In force July 1, 1899. L. 1899, p. 67; Legal News Ed., p. 111.

172a. Where articles of incorporation are recorded.) § 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That the regular organized and incorporated society known as the Illinois State Poultry, Pigeon and Pet Stock Association, whose articles of incorporation are recorded in the office of the Secretary of State, the same being legalized by act of the Fortieth General Assembly. 172b. Officers of associations.) § 2. The officers of this incorporation shall consist of a president, vice-president, secretary, treasurer and executive committee consisting of five responsible men. Sceretary to give bond for two thousand five hundred dollars, treasurer to give bond for five thousand dollars, to be approved by the president and executive committee. The officers shall be elected annually, at the regular meeting in January, by a majority of the members of said association. Secretary to receive a salary of twenty-five dollars ($25) for the years of 1899 and 1900.

172c. Annual Exhibition.) § 3. The Illinois State Poultry, Pigeon and Pet Stock Association will hold an annual exhibition during the month of January, at such place in the State as the officers may select, the object of which shall be for the advancement along poultry lines, such as exhibition of poultry, gathering statistics and diffusing practical knowledge on subjects pertaining to the poultry interests of the State, by addresses, papers, discussions and such other means as the officers may direct.

172d. Appropriates $2,000.) § 4. The sum of one thousand dollars per annum for the years 1899 and 1900 is hereby appropriated out of any money in the State treasury not otherwise appropriated, for the use and benefit of such association, and the State Auditor is hereby authorized to draw his warrant for the same and deliver to the Treasurer of the Illinois State Poultry, Pigeon and Pet Stock Association, upon his presenting proper receipt therefor, certified to by the president and secretary of said association, under seal of such corporation; said amount to be used for the purpose of paying premiums and defraying the expenses incurred in holding the annual exhibition, such as getting out premium lists, and for such other purposes as in the judgment of the officers shall best subserve the poultry interests of the State of Illinois.

Surety business.

AN ACT to amend an act entitled, "An act to enable corporations, created for that purpose, to transact a surety business in this State, and to become the surety on bonds required by law," approved May 13, 1887, in force July 1, 1887. (Approved June 8, 1897. In force July 1, 1897. L. 1897, p. 182; Legal News Ed., p. 134.

100. Enacting clause. § 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That an act entitled, "An act to enable corporations, created for that purpose, to transact a surety business in this State, and to become the surety on bonds required by law," be, and the same is hereby amended to read as follows:

101. On what bonds company may take surety-Release of.) § 2. That whenever any bond, recognizance or other obligation is, by law or by charter, ordinances, rules or regulations of the State or of any municipality, board, body, organization, court, judge or public officer, required or permitted to be made, given, tendered or filed with surety or sureties, and whenever the performance of any act, duty or obligation, or the refraining from any act, is required or permitted to be guaranteed, such bond, obligation, recognizance or guaranty may be executed by a surety company qualified as hereinafter provided; and such execution by such company of such bond, obligation, recognizance or guaranty shall be in all respects a full and complete compliance with every requirement of every law, charter, ordinance, rule or regulation that such bond, obligation, recognizance or guaranty shall be executed by one surety or by one or more sureties, or that such sureties shall be residents or householders, or freeholders, or either, or both, or possess any other qualifications, and such company may be released from its liability on any such obligation on the same terms and conditions as are by law prescribed for the release of personal sureties.

102. When company qualified to act as surety or guarantor-Compliance with every law, etc.) § 3. That such company to be qualified to so act as surety or guarantor, must comply with the requirement of every law of this State applicable to such company doing business therein; must be authorized under the laws of this State where incorporated, and under its charter, to become surety upon such bond, obligation, recognizance or guaranty; must have a fully paid-up and safely invested and unimpaired capital of at least two hundred and fifty thousand dollars ($250,000); must have good