An act to incorporate the Fairfield Library company.
Section 1st
Be it enacted by the people of the state of Illinois Represented in the general assembly,
That, Thomas A Wood, William Borah, C. J. Ridgway[,] Rigdon B Slocum, Jeffrey Robinson, Caleb Wilmans, ^(^Samuel Leech,^)^[,] Wm F Turney, Joseph Wilson, Thomas Linthicum, Wesley Staten, Nicholas N Smith, Jackson Armstrong, James Mays, Edmund Pucket, L. J. S. Turney, and their associates, be and they are hereby constituted a body politic and corporate,
to be known by the name of the Fairfield Library Company, and by that name shall have perpetual Succession, and a common seal, which may be
altered at the pleasure of the Society.
Sec. 2nd.
That the members of the of the Society Shall annually on the first Monday of April, elect five directors (who shall be stock
holders) who shall continue in office one year and until their successors are elected,
who shall be empowered to make such bye laws, rules[,] and regulations, as they or a majority of them, shall deem best calculated to promote
the welfare of the society.
Sec. 3rd
That the directors shall appoint their own Chairman, and Secretary for the time being,
and hold their meetings at such times, and places as they may think proper, and the
Directors shall be capable in law and equity, of suing and being sued, pleading and
being impleaded, answering and being answered unto, defending and being defended;
in any court or courts, place or places whatsoever.
Sec. 4th
That the directors and their Successors in office, shall be in law Capable of purchasing,
holding[,] and conveying any personal or real estate, for the use of said corporation, not exceeding their capital stock, provided, said corporation, shall not be allowed at any one time to own more than one hundred and sixty acres
of land.
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Sec 5th That the directors, shall have power to demand and receive all moneys, that are already
due by Subscription or otherwise, or that may hereafter become due by fines, donations,
or contributions of what nature soever; which when collected, they shall disburse
in the purchase of books, Maps, or in such manner as a majority of them may deem best
for the interest of the Society. all debts already contracted by individuals for the use and benefit of the Society being first paid.
Sec 6th That it shall be the duty of the directors annually to appoint a librarian, whose
duty shall be prescribe[d] by the Bye Laws of the Society
Sec. 7th That the directors shall have power to fill [su]ch vacancies as may happen in their own body, during the time being, and to assess
such moderate fines for any breach of the bye laws and for the loss or destruction of any book or books belonging to the library as
may be reasonable and Just.
Sec. 8th That the directors shall designate the mode of admitting persons wishing to become
members of the Society. The capital Stock of said society shall be two thousand dollars, with the privilege of increasing the same to five
thousand dollars.
Sec. 9th The stock of the company shall be divided into shares of twenty dollars each, which shall be subscribed for
and paid in as the directors may from time to time direct, provided, they are not
allowed to call for more than one fifth of said capital stock per annum
Sec. 10th That Books shall be opened for the subscription of stock in said institution, at such time and place or places, as the directors may prescribe.
Sec. 11th That no member shall withdraw his interest from the institution, but may transfer the same to any person or persons, he may think proper, whom the
society may admit as a member or members, provided that the transfer be made in the presence
of the librarian, and entered on the records of the Society
Sec. 12th That this act shall be in force from and after its passage
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15
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No 196
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an act to incorporate the Fairfield library Company
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[02]/[10]/[1837]
[02]/[10]/[1837]
Engrossed
Handwritten Document, 4 page(s), Folder 176, HB 189, GA Session 10-1, Illinois State Archives (Springfield, IL) ,