to be represent appoint, and of the stockholders shall be held at the town of Galesbury, or at some place not more than five miles from the line of said railroad. All meetings of the stockholders, except the annual meeting, shall be called by the directors, and notice of such meeting shall be published at least twenty days before the time appointed for such meeting, in some newspaper published in the vicinity of the railroad. If, at any meeting of the stockholders, a majority of the stock Majority of stock shall not be represented, either by the hoiders in person, or ed. by proxy, no business shall be done, but the stockholders present may adjourn from day to day, until a majority of the stock is represented at the meeting. Whenever the entire amount of the capital stock, as hereinafter provided, shall have been subscribed, it shall be the duty of the directors then in office to call a meeting of the stockholders, for the purpose of electing new directors. Upon the election and qualification of such newly elected directors, the term of the old directors shall expire, and the newly elected directors shall hold until the regular election at the next annual meeting. Tolls. 6. The said company shall have power to make, By-laws. ordan and establish all such by-laws, rules and regulations as may be deemed expedient and necessary to fulfil the purposes and carry into effect the provisions of this act, and for the well ordering, regulating and securing the affairs, business and interest of the company: Provided, Proviso. that the same be not repugnant to the constitution and laws of the United States or of this state, or repugnant to this act. The board of directors shall have power to establish such rates of toll for the conveyance of persons or property upon the same, as they shall from time to time, by their by-laws, determine, and to levy and collect the same for the use of the said company. The transportation of persons and property, the width of track, and all other matters and things respecting the use of said road, shall be in conformity to such rules and regulations as the said board of directors shall, from time to time, determine. § 7. If any person shall careles ly, wilfully, maliciously Pena es. or wantonly delay, hinder or obstruct the passage of any carriage on said road or branches, or shall place or cause to be placed any material thereon, or in any way trespass upon, spoil, injure or destroy said road or branches, or any part thereof, or anything belonging or pertaining thereto, or employed or used in connection with its location, survey, construction or management, all persons committing or aiding and abetting in the commission of such trespass or offence, shall forfeit and pay to the said company treble such damages as shall be found before any court of competent jurisdiction; and further, such offender shall be liable to indictment in the county within whose jurisdiction Intersections. Intersecting the offence may be commit'ed, and to pay a fine of not less than thirty nor more than one hundred dollars, to the use of the people of the state of Illinois, or may be imprisoned in the penitentiary for a term not exceeding five years, in the discretion of the court before whom the same shall be tried. § 8. Said company may construct their said road on or across any stream of water, or water course, road, highway, railroad or canal, which the route of its road shall intersect, but the corporation shall restore the stream, or water course, road or highway thus intersected, to its former state, or in a sufficient manner not to have impaired its usefulness. Whenever the route of the said railroad shall intersect any road or highway, the said company shall have power to change the line of such road or highway, if such change shall be desirable, and shall not impair the usefulness of such road or highway, and the said company may take such additional lands for the construction of such roads or highways as may be deemed requisite by said company. Unless the lands so taken shall be purchased or voluntarily given, compensation therefor shall be ascertained in the manner in this act provided, as nearly as may be, and duly made by said company to the owner or person interested in such lands; the same when so taken to become part of such intersecting road or highway, in such manner and by such time as the adjacent parts of the same highway may be held for highway purposes. § 9. And when the route of the said road shall intersect, cross or connect with or run along or upon the line of any other railroad, the said company shall join with such other company in making all necessary turn-outs, sidelings, and switch, and other conveniences necessary to further the objects of such connection; and when the route of any other company shall be occupied as aforesaid, just compensation shall be made to such other company for all expenditures made by them in the location of such road, and all connections with other roads as aforesaid shall be made, and facilities in the transhipment of freight and passengers, and interchange of cars afforded by each, over the respective roads, upon fair and equitable terms; and in case the said companies cannot agree upon the amount of compensation to be made therefor, or the points and manner of such crossing and connection, the transhipment of freight and passengers, the interchange of cars, the same shall be ascertained and determined by three commissioners, one to be chosen by each of said companies, and the two so chosen to choose a third, and in case they cannot agree upon the cloice of the third person, he shall be appointed by the judge of the district court of the United States for the district of Illinois, and the decision of the three so chosen to be final. money. § 10. Said company is hereby authorized, from time to Power to borrow time, to borrow such sum of money as may [be] necessary for competing and finishing, or operating their said railroad, and to issue and dispose of their bonds for any amount so borrowed, and to mortgage their corporate property and franchises, or convey the same by deed of trust, to secure the payment of any debt contracted by said company for the purposes aforesaid; and the directors of said company may make the bonds issued as aforesaid convertible into stock, at the option of the holder thereof, at any time not exceeding ten years from the date of such bond. § 11. The said company shall prosecute the construc- Construction tion of the said road, with all practicable speed, commencing the construction at or near the northern terminus thereof and shall complete the same to the town of Galesburgh and Henderson, within eighteen months after the said road shall be constructed within fifteen miles of the town of Galesburgh. § 12. This act shall be deemed a public act, and shall be in force from and after its passage. APPROVED June 19, 1852. AN ACT to amend the charter of the city of Pekin. SECTION 1. Be it enacted by the people of the State of Illinis, represented in the General Assembly, That the city of lekin is hereby authorized to borrow any sum or sums of money, not exceeding fifty thousand dollars, for the purpose of making a steamboat landing at said city of Pekin, and otherwise improving the city, and issue her bonds for the payment of any money she may borrow, under the provisions of this act. In force June 19, 1852. Power to borrow money. § 2. The ci y council of the city of Pekin is hereby Tax authorized. authorized to lay, ass ss and collect annually, a tax of not exceeding one per cent. on all taxable property, both real and personal, within limits of said city of Pekin, as a revenue for city purposes. the sale of in drinks. § 3. The city of Pekin shall have power and authority Suppression of to enact and pass ordinances, not inconsistent with the toxicating laws of this state, to suppress and restrain the sale of intoxicating liquors, t ppling houses and dram shops, and all fines, forfeitures and penalties that may be assessed and collecte from any person or persons, within the city of Pekin, for the violation of any ordinances of the city of Pekin, passed or that may hereafter be passed, for the suppression of dram shops or tippling houses in the said city of Pekin, shall accrue to and be paid into the treasury of the said city of Pekin. § 4. This act to take effect and be in force from and after its passage. APPROVED June 19, 1852. In force August 1, 1852. Corporators. General powers. AN ACT to incorporate the Chicago Mutual Insurance company. SECTION 1. Be it enacted by the people of the State of Illinois, represented in the General Assembly, That from the time this act shall take effect, George Steele, Charles Walker, Thomas Richmond, Edward K. Rogers. Thomas Dyer, Walter S. Gurnee, Julius White, John P. Chapin, Charles L. Harrison, Elisha S. Wadsworth, Jeremiah W. Duncan, William Blair, James Peck, and all other persons who may hereafter associate with them, in the manner herein prescribed, shall be a body politic and corporate, by the name of the Chicago Mutual Insurance company. § 2 The corporation hereby created may become a party to suits at law, may make by-laws not inconsistent with any existing law, for the regulation of its affairs, have and use a common seal and alter the same at pleasure, and in addition to these general powers shall have authority by Special powers. instrument under seal or otherwise-1st, to make insurance on all descriptions of property, against loss or damage by fire; 2nd, to make insurance on all descriptions of boats and vessels, the cargoes and freight thereof, and on bottomry and respondentia interests, against the peri's of marine or inland navigation; 3d, to cause themselves to be reinsured against any risk on which they have made insu Directors. Term of office. rance. § 3. All the corporate powers of the said company shall be exercised by a board of directors, consisting of thirteen persons, (all of whom shall be citizens of this state,) and such officers, clerks and agents as the said board may appoint. The directors shall hold their office two years, and until others are elected. They shall elect from their own body a president and vice president, who shall each respectively hold office during the aforesaid term of two years, and until others are elected, but nothing herein shall be so construed as to prevent a director or other officer, whose term has expired. or is about to expire, from being again eligible. Seven members of the board shall constitute a quorum for the transaction of business. The persons named in the first section of this act shall con- First board. stitute the first board of directors. § 4. The board of directors shall have power to fill any vacancies. vacancy that may occur in their own body, a plurality of votes constituting a choice. They shall also choose, in the same manner, previous to the biennial election of directors, three inspectors of such election, whose duty it shall be to canvass the votes cast thereat, and declare the result. The said inspectors shall also be judges of the qualification of voters. Notice of such elections shall be given by Notice of elecpublication in one or more daily newspapers published in tons. Chicago, at least two weeks previous thereto, over the signature of an officer of the company. to be members § 5. Every person or firm taking a policy of insurance Insured persons from the said company, shall thereupon become a member of company. thereof, and shall, at all elections of directors thereafter, be entitled to vote upon his or their dividend certificates, issued as hereinafter provided, in the ratio of one vote for each twenty-five dollars of such certificates: Provided, Proviso. that if any such election shall be held in accordance with the provisions of this act previous to the first dividend of profits, each member of said company shall be entitled to vote thereat, in the ratio of one vote for every fifty dollars of premium previously paid to the company: And pro- Further proviso. vided, that in no case shall any person or firm be entitled to more than fifty votes, except as provided in section 8 of this act. § 6. It shall be the duty of the corporators named in Organization. the first section of this act, or any number of them, not less than five, within two years after this act takes effect, to open books, to receive applications for insurance to be effected by said company, and after the receipt of such applications to the amount of one hundred thousand dollars, the books may be closed and the company organized. § 7. All premiums upon policies issued by said con- Premiums to be pany shall be paid in cash, when the insurance is effected, (except as provided in section 8 of this act,) and no premiums so paid shall be thereafter withdrawn, but shall remain liable for all losses and expenses incurred by the company. paid in cash. ums. § 8. For the better security of policy holders, the said Notes for premicompany may receive notes for premiums, in advance, approved by the board of directors, from persons intending to receive its policit s, and on such portions of said notes as shall exceed the amount of premiums that may have accrued on policies held by the signers thereof, at the successive periods when the company shall make up its annual statement as hereinafter provided, a compensation may be allowed the siguers thereof, in consideration of such guaranty, at a rate to be determined by the board of 1 |