. . .
Sec.[Section] 13. Should the amount of Tuition recd[received] in any one year fall short of paying the salaries of the Teachers, and the contingent expenses of the Institution the Trustees shall have power to lay an equal assessment upon each share of stock sufficient to raise on all the shares subscribed a sum equal to such deficiency And if any such assessment shall remain unpaid on any share or shares after Thirty days public notice have been given requiring the same to be paid, it shall be lawful for the Treasurer of the Corporation to sell such delinquent share or shares to the highest bidder at Public sale on giving at least Ten days Public notice of the time and place of such sale, and the purchaser or purchasers at such sale shall receive a certificate for all such shares which shall vest in him or them the title to the same, and all monies, arising from such sales shall go exclusively to pay the aforesaid deficiencies Provided no such assessment shall be levied in any one year for a greater amount than two Dollars and fifty cents on each share
Sec.[Section] 13. Should the amount of Tuition recd[received] in any one year fall short of paying the salaries of the Teachers, and the contingent expenses of the Institution the Trustees shall have power to lay an equal assessment upon each share of stock sufficient to raise on all the shares subscribed a sum equal to such deficiency And if any such assessment shall remain unpaid on any share or shares after Thirty days public notice have been given requiring the same to be paid, it shall be lawful for the Treasurer of the Corporation to sell such delinquent share or shares to the highest bidder at Public sale on giving at least Ten days Public notice of the time and place of such sale, and the purchaser or purchasers at such sale shall receive a certificate for all such shares which shall vest in him or them the title to the same, and all monies, arising from such sales shall go exclusively to pay the aforesaid deficiencies Provided no such assessment shall be levied in any one year for a greater amount than two Dollars and fifty cents on each share
Sec 14. This act shall be a Public Act, and shall be construed favourably and benignly in all Courts and places for the purposes herein expressed and declared
Sec 15 The right to alter, change, amend[,] or repeal this act, is hereby reserved to subsequent Legislatures, Whenever the public
good may require the same
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01/09/1837
Bush, Daniel B.
Passed Senate Jany 9, 1837
D. B. Bush Asst[Assistant] Secy[Secretary] Senate[ docketing
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No 428
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An act to Incorporate the Quincy Academy
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[12]/[29]/[1836]
[12]/[29]/[1836]
Engrossed
1These legislators formed a select committee in the Senate that considered the bill.
Illinois Senate Journal. 1836. 10th G. A., 1st sess., 164.
2These legislators represented the Senate on the committee of conference to resolve a disagreement over the bill.
Illinois Senate Journal. 1836. 10th G. A., 1st sess., 532.
Handwritten Document, 2 page(s), Folder 10, HB 10, GA Session 10-1, Illinois State Archives (Springfield, IL) ,