. . .newspaper at or nearest to Essex, of the time of payment, and of the person appointed to receive the same, of any
proportion or instalment of said Capital Stock, any Stockholder shall fail to pay
his instalment at the time specified in said notice, the amount paid by such delinquent Stockholder
previously, shall be forfeited to the Company, and his Stock may be sold to any person, for such price as may be agreed upon between
the said Company and the Purchaser.
Sec[Section] 6. The stock of said Company shall pass, in the same manner as personal estate, to the representatives of each
Stockholder.
Sec 7. Service of process on the President of said Company shall be deemed and taken as sufficient service on the Corporation, in any suit which may be instituted against it, and for any violations of any of
the provisions of this Act, the said Incorporation shall be held to answer, by scire facias, in the Shelby County Circuit Court; and if, upon the trial thereof, it shall appear that such violations have been committed,
and it shall be so found, the said Court may and shall give judgment, revoking this Charter. Any such proceedings by scire facias, for such violations, shall be instituted and prosecuted in the name of the People
of the State of Illinois against the said Corporation.
<Page 2>
[ docketing
]
14
[ docketing
]
No: 223.
A Bill for “an Act to Incorporate the Essex Steam-Mill Company.
A Bill for “an Act to Incorporate the Essex Steam-Mill Company.
[ docketing
]
[02]/[18]/[1837]
[02]/[18]/[1837]
passed
[ docketing
]
[02]/[09]/[1837]
[02]/[09]/[1837]
Engrossed.
1These legislators formed a select committee in the Senate that considered the bill.
Illinois Senate Journal. 1836. 10th G. A., 1st sess., 503.
Handwritten Document, 2 page(s), Folder 75, HB 78, GA Session 10-1, Illinois State Archives (Springfield, IL) ,