An act to incorporate the Athens Female Acadamy
Se[c][Section] 1, Be it enacted by the people of the State of Illinois Represented in the General Assembly That James. D. Allen, William. S. Stone, Josiah Francis, James. E. Brassfield, William Strawbridg[,] William. B. Brown, Harry Riggin, John N. Moor, John Berry, Josiah Smith[,] and John Primm Sen. together with Such other persons as may become members of the corporation hereby created, Shall be and they are hereby constituted and declared to be a Body politic and corporate, by the name of the name of the Athens Femal Acadamy
Sec. 2. The capital Stock of the Said corporation Shall not exceed ten thousand dollars, and Shall be divided into Shares of fifty dollars each.
Sec. 3. The corporation hereby created Shall be forever capable in law to purchase, take[,] receive, hold[,] and enjoy any estate real and personal whatsoever, to an amount not exceeding ten thousand dollars, and to lease[,] Sell[,] and convey, or otherwise dispose of the Same
Sec. 4. Then Shall forever hereafter nine trustees of the Said corporation who Shall be members thereof, who Shall be elected by the Stockholders of this corporations, on the fourth of July one thousand eight hundred and thirty Seven.
Sec. 5. Then Shall be on the fourth day of July one thousand eight hundred and thirty Seven, and on the fourth day of July in every Suceeding year, a general meeting of the members at Some convenient place in the Town of Athens to be disignated by the by-laws of Said corporation, who Shall in person or by proxy, Shall elect one president, and Treasurer, And Such other officers as may be necessary for the management of Said corporation who Shall hold their respective offices, ^one year,^ or untill their Successors, are elected. And in case any of the Trustees Shall die[,] resign[,] or refuse to Serve, then and in every Such case the remaining of Trustees Shall and may within thirty days thereafter, elect by ballot or vive voce other members of said corporation in their Stead who Shall hold their offices until the fourth of July next ensuing, and until others are elected in their Stead
Sec. 6. Each member Shall be entitled to one vote for each Share of which he Shall be the holder, And the Stockholders Shall receive Subscriptions for Shares in Said corporation until the capital Stock is Subscribed, the Said Stock Shall be assignable and trasferable according
<Page 3>to Such rules as the Board of Stockholders shall from time to time make and establish and Shall be considered personal property
Sec. 7. In case it Should at any time happen that an election of the trustees Should not be made on any day when persuant to this act it Should be made, the said corporation Shall not for that cause or for ^X^ for any non-user, be deemed to be dissolved but it Shall and may be Lawfull on any other day to hold an election for trustees in Such manner as Said Trustees may deem proper and convenient
Sec. 8. The Said Acadamy Shall be located in athens, Sangamon County and the Said Trustees Shall be competant in Law and Equity to take to themselves and their Successors in office in their corporate name any estate, real, personal[,] or mixed, by the gift, grant, bargain[,] and Sale, conveyance, wills, devise, or bequest of any person or persons whomsoever. And the Same estate whether real ^or^ personal to grant, bargain, Sell, Devise, let, place out on interest[,] or otherwise dispose of for the use of Said institution, in Such manner as may be most beneficial
<Page 4>Said Trustees Shall faithfully apply all funds collected, or the proceeds according to their best judgments in erecting Suitable buildings, Supporting the necessary officers and instructors, and procuring Books maps, charts, globes, philisophical and other apparatus, necessary to the Success of Said institution
Sec. 9. If, at any time, the corporation Shall act contrary the provisions of this act or Shall, in any manner abuse the powers herein granted it Shall be the duty of the Attorney General to file an information in the nature of a quo, waranto for the purpose of vacating and anulling this act and the powers herein granted.
An act to incorporate th Athens Female Acadamy
Handwritten Document, 4 page(s), Folder 167, HB 179, GA Session 10-1, Illinois State Archives (Springfield, IL) ,