In force, Jan.[January] 31, 1837
AN ACT to incorporate the Kaskaskia Bridge Company.
1Company incorporated
Style
Style
Powers and privileges
Sec.[Section] 1. Be it enacted by the people of the State of Illinois represented in the General Assembly, That Nathaniel Pope, Pierre Menard, David J. Baker, John P. McGinnis, Ferdinand Maxwell, Hippolite Menard, senr., Miles A. Gilbert, John A. Langlois and William Brewster, with their
<Page 2>
associates be and they are hereby created a body politic and corporate by the name
and style of the “Kaskaskia Bridge Company,” for the purpose of erecting and constructing a bridge over the Kaskaskia river at Kaskaskia; and they and their associates and successors shall continue and have perpetual succession,
and by that name and style are hereby made as capable in law as natural persons to
contract and be contracted with, to sue and be sued, to plead and be impleaded in
this State in all courts of law or equity: to make, have, and use a common seal; and the same to break, alter or amend at pleasure,
and they and their successors shall have the power to purchase and hold as much real
estate as will be necessary for the site of said bridge, abutments, toll houses, and
suitable avenues leading to the same, also the power to ordain and establish such
by-laws, ordinances and regulations as shall be necessary for the well-being and government
of said corporation, not incompatible with the laws of this State, or of the United States.
Capital stock
Proviso
Sec. 2. The capital stock of said company shall consist of ten thousand dollars, to be divided into shares of twenty dollars
each, to be subscribed for in the manner hereinafter mentioned: Provided, if the amount above stated is insufficient to complete the bridge, it may be increased
to a sufficient sum to accomplish the same.
Books of subscription where opened
Sec. 3. Within one year after the passage of this act, the persons before named, or a
majority of them, shall cause books for the subscription of stock of said company to be opened at such times and places as they may direct, which books shall be kept
open under the direction of such persons or a majority of them, for such length of
time as they may order. Every subscriber shall at the time of subscribing pay one
dollar on each share subscribed.
When $5000 subscribed a meeting of the stockholders shall be had
Election of a president and four directors
Bye-laws
Sec. 4. As soon as five thousand dollars shall be subscribed, the said persons, or a majority
of them, shall advertise a meeting of the stockholders, at Kaskaskia, giving at least ten days notice of the time and place of such meet- and the stockholders shall thereupon proceed to the election of a President and four
Directors, who shall be shareholders. Ane such of the before mentioned persons who shall not be share-holders, shall cease
to be members of said corporation; and the said share-holders shall also proceed to ordain and adopt such by-laws for the permanent organization and government of said corporation as they may deem needful; at which meeting each shareholder shall be entitled to
one vote for each share not exceeding five, and one vote for every five shares above
five and not exceeding twenty, and one vote for every ten shares above twenty, and
at all the subsequent elections or
<Page 3>
or general meetings of the stockholders, the shares in said company may be voted proxy duly recorded.
President and Directors term of office
Annual meeting of stockholders
Statements of affairs of company
Dividends
Sec. 5. The President and Directors chosen in conformity to the provisions of the foregoing
sections shall hold their office for one year next succeeding such election and until
others are chosen in their places; and the stockholders shall annually meet at Kaskaskia on the first Monday in the month that the first election may be held, at some place
to be designated by said president and directors, and then proceed to the election
of a President and four Directors, who shall be share-holders, and hold their offices
for one year and until their successors shall be elected as aforesaid. Public notice
shall be given of such meetings or elections by the clerk or secretary of the company at least fifteen days previous thereto. At the annual meetings, a statement of the affairs of the company shall be made out by the President and directors and presented to said meeting, and such dividend of the profits be declared as may be deemed advisable.
Concerns how managed
Assessments on shares
Sec. 6. The concerns of said corporation shall be under the control, superintendence and management of said president and
directors, and the president and two directors shall constitute a quorum to transact
business, or, in the absence of the president, any three directors, one of whom shall
act as president pro tem, with power to fill any vacancy in the board, occasioned
by death, resignation, or otherwise. The president and directors, after they shall
have been duly elected as aforesaid, may make such assessments on the shares of said company as are subscribed, payable at such periods as they may deem advisable, with such
conditions of forfeiture for non-compliance not exceeding the amount of stock delinquent
as they may deem proper. They are to open or renew the subscriptions for shares not
already subscribed, at such time and place as the interest of the company may require.
Lands may be taken
Owners to be paid
Sec. 7. The said president and directors or their agents may enter upon and take possession
of so much land on each side of the said river as may be necessary for the erection of said bridge, and upon receiving a conveyance
for the same, shall pay to the owner or owners the full value thereof, and in case of a disagreement
between the parties as to such value the same may be ascertained by three disinterested
freeholders of Randolph county, who shall be appointed for that purpose by the county commissioners’ court of said county, on the application of either party, who shall be sworn to make a just valuation
thereof. The amount of such valuation shall be paid by the said corporation to the owner or owners thereof, or to the guardian or guardians of said owner or
owners if they are
<Page 4>
infants, or into the county treasury for the use of said owner or owners if they are
unknown; and the said corporation may then and there enter upon and take possession of the said land for the purposes
aforesaid.
Company shall keep a record of their proceedings and appoint clerk
Vacancies
Sec. 8. It shall be the duty of the president and directors to appoint a clerk and cause
a record of their proceedings to be kept. They may also appoint a treasurer and other
officers or agents as they may deem needful for the proposed undertaking, and to allow
them such pay or compensation as they may agree on, to make contracts and do all things
necessary to carry the aforesaid object into immediate effect and execution, and to
require or take such bonds or other security in their corporate capacity, from any
person or persons they may so appoint or contract with. And any vacancy filled by the board of directors shall continue until the next annual
meeting.
Bridge shall have convenient draw
Rates of toll
Proviso
Further proviso
Sec. 9. The said bridge shall be constructed with a convenient draw, at least thirty feet
wide for the passage of steamboats and other vessels; and shall keep good and sufficient
lights on each side of said draw, at all proper times, and shall also keep some suitable
person or persons at the said bridge, who shall raise said draw when it may be necessary
for the passage of any steamboat or other vessel passing up or dows said river free from expense to the owners thereof. And when so constructed and completed the
county commissioners of Randolph county shall have power to establish from time to time such rates of toll as they may think
reasonable for passing over said bridge, and the same shall be posted up in some conspicuous place or places on or near said
bridge; and the corporation shall have power to demand and collect the said rates of toll from all and every
person or persons passing thereon with their goods, carriages, wagons, or animals
of every kind and description: Provided, however, that the rates of toll thus established shall never exceed the rates of toll established
by the said commissioners for crossing the ferries in the said county: Provided also, that the citizens of Randolph county shall pass the said bridge free of toll.2
Persons injuring bridge, how liable
Sec. 10. If any person or persons shall wilfully or knowingly do any act or thing whatever,
whereby the said bridge, or any thing thereto belonging, shall be injured or damaged,
the said person or persons so offending, shall forfeit and pay three times the amount
of damages sustained with costs of suit recoverable before any court of competent
jurisdiction, and any person or persons who shall pass or attempt to pass said bridge
without paying the toll or tendering it if there be any person or persons present
to receive it, shall forfeit and pay three times the amount of the toll or tolls which
he, she, or they were liable to pay
<Page 5>
for passing said bridge, recoverable before any justice of the peace in this State, and if any person or persons shall wilfully set fire to said bridge or burn the
same or any part thereof, such offenders with their aiders and abettors shall be guilty
of arson.
Certificates of stock shall be given to stockholders
Sec. 11. Certificates of stock shall be given to the stock holders, which shall be evidence
of the stock held; they shall be signed by the President and countersigned by the
clerk. The stock shall be transferable on the books of the corporation only personally, or by an agent or attorney, or by the administrator, executor, trustee
or guarguardian. But such stock shall at all times be holden by the corporation for any dues from the holder thereof to the corporation, or for any sum that may thereafter become due on a contract made prior to such transfer.
Benefits of act when forfeited
Sec. 12. This act shall cease to have effect if stock to the amount of five thousand dollars
shall not be taken within two years from the first day of January next, and the bridge
to be completed in three years from that period.
Duties of company
When liable to fine and indictment
Sec. 13. It shall be the duty of said company from time to time to remove all drift or timber of any description which may lodge
against any of the abutments or pillars of said bridge, and if they fail herein, they shall be liable to a fine of ten dollars for every forty-eight hours it is suffered
to remain after allowing reasonable time for the removal of the same, to be recoverable
by indictment or presentment in the Randolph circuit court, and shall moreover be liable for any injury sustained by any person in consequence
thereof.
President and directors to keep exact account of cost of bridge.
County may purchase bridge
Sec. 14. The said president and directors shall keep an exact account of their expenditures
in erecting said bridge, and file the same with the clerk of the county commissioners’ court of Randolph county, stating, under oath, that the same is a just and true account of the original cost
of said bridge; and the county commissioners’ court shall have power to purchase said bridge at any time after the expiration of five
years from the completion of said bridge, by paying the full amount of the cost of
the same; and in case the said bridge shall be purchased by said court, the corporation hereby created shall within one year thereafter be dissolved, and said bridge forever
after be and remain a free bridge.
County may take stock
When bridge may become property of State
Sec. 15. It shall be lawful for the county commissioners of Randolph county for and on behalf of said county, to authorise by an order as much of the stock to be taken as they may think proper, and if the Legislature of this State shall, after the expiration of ten years from the completion of said
bridge, make provision by law for the repayment to the said company, the amount of their expen-
<Page 6>
ditures with interest thereon, at the rate of ten per cent. per annum after deducting
the amount of tolls received on said bridge, then and in that case the said bridge,
with all its fixtures and appurtanances shall vest in and become the property of the people of the State.
This act to be in force from and after its passage.
Approved January 31, 1837.
1On December 12, 1836, Richard B. Servant introduced SB 1 in the Senate. On December 13, the Senate referred the bill to a select committee. The select
committee reported back the bill on December 16 with an amendment, in which the Senate
concurred. The Senate amended the bill by striking out of the 8th section “18¾ cents”
and inserting in lieu thereof “25 cents,” by striking out “25 cents” and inserting
in lieu thereof “37½ cents,” and by striking out “37 cents” and inserting in lieu
thereof “50 cents.” On December 17, the Senate further amended the bill by filling
in the blank in the second section with the word “fifty, ” and passed the bill as
amended. On December 21, the House of Representatives referred the bill to a select committee. The select committee reported back the
bill on December 30 with amendments, in which the House concurred. On December 31,
the House referred the bill to another select committee. The select committee reported
back the bill on January 3 with amendments, in which the House concurred. Representatives
offered additional amendments, and the House referred the bill and proposed amendments
to the Committee of the Whole. The Committee of the Whole considered the bill on
January 3 and 6, and on January 6, the House tabled the bill. On January 13, the
House took up the bill and referred it to a select committee. The select committee
reported back the bill on January 21 with amendments, in which the House concurred.
The House passed the bill as amended. On January 25, the Senate concurred in the
House amendments. On January 31, the Council of Revision approved the bill, and the act became law.
Illinois House Journal. 1836. 10th G. A., 1st sess., 70, 88, 141, 154, 167, 168, 173, 188, 253-54, 318,
391, 107, 429 ; Illinois Senate Journal. 1836. 10th G. A., 1st sess., 33, 40, 65-66, 73, 277, 287-98, 306, 322.
Printed Document, 6 page(s), Incorporation Laws of the State of Illinois, Passed at a Session of the General Assembly (Vandalia, IL: William Walters, 1837), 6-11, GA Session: 10-1