Sec[Section] 12. The said Company shall be authorised to loan any part of its funds, taking any interest thereon that may be lawful in
this state, for any individual to receive in money loaned.
Sec 13. In case the Company shall negociate the loan herein authorized, the holders of stock shall never be required to pay a
larger amount upon the stock subscribed, than will be sufficient to pay the interest
in the amount borrowed, and the principal, as the same may become due, and payable,
provided, that five dollars shall be paid upon each share subscribed, as heretofore
required in this Act.
Sec 14. If the said Company, shall not, within two years from the passage of this act,
commence the construction of said road, and within four years expand fifty thousand
dollars in the construction thereof; and within eight years complete the same; the
powers and privileges confered by this act shall cease, and become null and void.
<Page 2>
[ docketing
]
[01]/[08]/[1836]
[01]/[08]/[1836]
Engrossed
Handwritten Document, 2 page(s), Folder 111, HB 119, GA Session: 9-2,
Illinois State Archives (Springfield, IL),