Sec[Section] 1 Be it enacted by the people of the State of Illinois represented in the general Assembly That Edward M Daley[,] George H Collins, John W. Lote, Aaron Rice, William W Baily, Samuel Williams, Charles S. Smith, Alford Carpenter, and Horace Landon and their associates and successors be, and they are hereby constituted a body politic and corporate under the name of the Jerseyville Hotel Company to be located in the Town of Jerseyville Greene County and by that name shall have power to contract and be contracted with and may sue and be sued, plead and be impleaded, answer and be answered unto in all courts having competent jurisdiction, and shall be vested with all the powers and privileges necessary to the object of their incorporation as are hereafter defined and limited.

Sect[Section] 2 The ^said^ company shall have power and be capable of holding, purchasing, improving, selling[,] and conveying any estate, real or personal for the use of said corporation, second to improve or erect buildings on the same, Third, to rent, lease[,] or occupy any or all such lands belonging to said Company, shall have for a term not exceeding the limits of this charter (Provided) that the real estate owned by the said Company shall not exceed one quarter section of Land except such as may be held as collateral security for debts due the said Company or may become the property thereof by virtue of such indebtedness

Sec 3 The capital stock of said Company shall be Ten thousand Dollars with power to increase ^the same^ at the pleasure of said company

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to any sum not exceeding twenty five thousand Dollars which Capital stock shall divided into shares of One hundred Dollars each and subscribed for and held in manner hereafter provided

Sec 4 The better to enable said Corporation to transact and carry on the purposes of there incorporation they are hereby authorized and empowered to make[,] endorse[,] issue, receive[,] and transfer promissory notes[,] bills of exchange, conveyances of land to receive the hypothecation and pledges of the stock of other companies or incorporations and other instruments in writing necessary to the transaction and safety of there business (Provided That this act shall not be construed so as to authorize the said Company or Corporation to make or emit promissory Notes or Bank Notes to be used as a circulating medium

Sect 5 All contracts or other evidences of indebtedness which may be made or entered into by the said corporation shall be subscribed by the president and secretary and being so signed and Shall be binding on said corporation and all conveyances made and entered into by the said corporation conveying real estate belonging to the said company, when signed as aforesaid shall in like manner be binding on said corporation according to the tenor[,] effect[,] and true interest and meaning of the same

Sect 6 The concerns of said Corporation shall be managed and conducted by Directors consisting ^of ^ not more than five who shall be chosen annually by the stockholders or there proxies

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Which shall be by ballot and the directors receiving the greatest number of votes shall receive the certificates of the inspectors declaring them duly elected The directors so chosen or the major part of them shall constitute a board and be competent to the transaction of All business and shall and may from time to time make and prescribe such by Laws[,] rules[,] and regulations relative to the conserns of said corporation the duties of the president and secretary (each of whom shall be elected by a majority of the directors so chosen) and shall also regulate the duties ^of^ there agents[,] clerks[,] and all others by them employedAnd the said directors shall have power to appoint such other officers[,] agents[,] and clerks as may be necessary for carrying on the business of said corporation with such salaries and allowances as to the said directors shall seem proper (Provided) that such by laws and regulations shall not be repugnant to the Constitution and laws of the United States or of this State

Sect 7 That Edward M. Daley[,] Aaron Rice[,] and John W Lott shall be commissioners the duties of whom or a majority of them shall be to open books of subscription to the capital stock of said Corporation within six months from and after the passage of this act in such place or places and at such times as in there opinion would be best to the interest of said CompanyTwenty days notice shall be given by the Commissioners of the time and place and the number of days the subscription books will remain open in a Public news paper published the nearest the place where the books will be openedThe Commissioners shall

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Require every Subscriber to pay at the time of subscribing one Dollar on every share subscribed by him and if one half of the amount of said capital shall be subscribed it shall be the duty of said Commissioners to give at least twenty days notice for the meeting of the stockholders for the purpose of choosing the directors of said Corporation designating the time and place of election at which election persons holding stock of said Company shall be permitted to vote either in person or by proxy[;] the said Commissioners shall be inspectors of the first election of directors and shall certify under there hands the names of those duly elected and deliver over to them the subscription books and the amount of money received or subscriptions to the directors

Sec 8. The stock of said Corporation shall be deemed personal property and assignable and transferable on the books of the Corporation but no stockholder, indebted to the Corporation shall be permitted to make a transfer until such debt be paid or seemed to be paid to the satisfaction of the Directors

Sect. 9 If at the time any election for director should of taken place than shall be no election the Corporation shall not be forfeited but the old directors shall officiate until new directors are elected to fill their places

Sect 10 The Company shall at all times Keep proper books of accounts in which shall be registered all the transactions of the Corporation and the same shall at all times be subject to the

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instruction of the stockholders and it shall be the duty of the directors to make annual dividends or at such other times as a majority of the directors may direct of so much of the profits of said Company as to them or a majority of them may judge advisable

Sec 11 If said directors shall at any time have in there hands any surplus funds belonging to said in corporation and shall deem it to the interest of said incorporation to loan it out It shall be the duty of the President and directors of said Company to loan it out either on approved notes or on bond and mortgage at such interest as is now allowed by this state

Sec 12 The stock not disposed of by the Commissioners in the manner heretofore named shall and may be issued by the directors for the time being according to the bylaws and regulations that may be adopted by the said Company

Sec 13 As soon as twenty per. cent of the Capitol stock of said Company shall be subscribed and Ten pr cent of the same paid in the said corporation shall be authorized to proceed to business and not before

Sec 14 In all elections for directors each share of the Capitol stock shall entitle the holder to one vote

Sec 15 The directors shall have power to require the stockholders respectively to make payment

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of all sums of money by them subscribed and remaining unpaid at such times and in such proportion as such directors shall see fit under the pain of the forfeiture of the share or shares upon which such payments are required and all previous payments thereon to the said corporation

Sec 16 the directors shall give at least twenty days personal notice in the manner that the bylaws of said Corporation may direct or thirty days public notice published in the nearest paper once in each week of such call which notice shall be sufficient call on such stockholders to authorize in case of default to comply therewith the forfeiture above provided

Sect 17 This act is hereby declared a public act and shall be favorably construed in all courts of justice and shall take effect from and after its passage and be and remain in force for the term of Twenty five Years

Sect 18 If at any time the corporation shall act contrary to the provisions of this act as shall in any manner abuse powers not herein granted or that are herein granted it shall be the duty of the Attorney General to file an information in the nature of a “Quo warranto” for the purpose of vacating and annulling this act and the powers herein granted