Be it enacted by the people of the State of Illinois represented in General assembly, That, John Achison, James Evans, Charles S. Boyd, W^m C Bostwick, Charles Chapman, John Dixon[,] Smith Gilbraith[,] James P. Dixon, L. S. Huff, John Brown[,] and Samuel Johnston, Their associates and Successors be, and they are hereby constituted a body politic and corporate, under the name of the Dixon Hotel company. To be located in the Town of Dixon, Ogle county, and by that name shall have power to contract and be contracted with, and may sue and be sued, plead and be impladed, 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 hereinafter defined and limited.

SEC. 2. The said company shall have power and be capable of holding, Purchaseing, Improving, selling[,] and improveing 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 belonginging to said company for a term not exceding the limits of this charter. Provided, that the real estate owned by said company shall not exceede one quarter Section of land, except such as may be held as collatteral security, for debts due said company, or may become the property thereof by virtue of such indebtedness.

Sec 3. The capital stock of said company shall be Twenty Thousand dollars, which capital stock ^shall^ be divided into Shares of fifty dollars Each, and be subscribed for and held in a manner hereinafter Provided

Sec. 4 The [...?] to [...?] said corporation to transact and carry on the purposes of their incorporation, they are hereby authorised and Empowered, to make, endorse, issue and receive and transfer promissory notes Bills of Exchange, Conveyances of Land, to receive the hypotheication and pledges of ^the^ stock of other companies or incorporations, and other instruments in writing necessary for the transaction and safety of their said business. Provided That this act shall not be construed so as to authorise the said company or incorporation to make or [...?], bills of credit promissory notes Bank notes or other instruments to be used as a circulating medium

Sec. 4.1 All contracts or other evidences of indebtidness which may be made or entered into by the said corporation, shall be subscribed by the President and attested by the secretary, and being so signd and attested, shall be binding on said corporation, according and all conveyances made and entered into by the said corporation, conveying real estate belonging to said corporation when signd and attested as affore said shall in like manner be binding on said corporation, according to the tenor[,] effect[,] and true intent and meaning of the same. Sec. 5.2 The concerns of said corporation shall be managed and conducted by five directors who shall be chosen annally by the

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Stockholders, or their proxies, which shall be by ballot, and the five persons receiving the greatest number of votes shall receive the certificates of the inspectors declaring them duly elected. The directors so chosen, or a majority of them shall constitute a board and be competent to the transaction of business, and may from time to time make and prescribe, such by laws[,] rules[,] and regulations relative to the concerns 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 their agents[,] clerks[,] and all others by them employed and also shall appoint a treasurer who shall give bond in such amount and in such manner as the said directors shall prescribe. and the said directors shall have power to appoint such other officers[,] agents[,] and clerks as may be necessary for to carry 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 this State

Sec 63 That James Evans, Smith Galbraith, Charles Chapman, James P. Dixon[,] and C. S. Boyd, 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 company, within three months after the passage of this act in such places and at such times as in their opinion is best calculated to have said stock taken up. Twenty days notice shall be given by the said commissioners of the time and place and number of days the Subscription Books will be kept open for Subscriptions in a public newspaper or by putting up advertisements at the places whare they intend to open Books for the Subscription of the Capital stock of said company. The commissioners shall receive no subscription unless at least five dollars on each Share subscribed be paid in at the time of subscription, and as soon as the whole amount of the capital stock shall be subscribed. The commissioners shall give the like notice of twenty days for the meeting, of the stock holders for the purpose of choosing five directors, designating the time and place of holding such election. At which Election persons holding stock of said company shall be permitted to vote. The said commissioners shall be inspectors of the first Election of directors, and Shall certify under their hands the names of those duly elected, and deliver over to them the Subscription Books, and the amount of money received on subscription to the said directors Sec 74 The stock of said corporation shall be deemed personal property, and be assignable and transferable on the Books of the corporation But no stock holder indebted to the company shall be permitted to make a transfer untill such debt be paid or secured to be paid to the Satisfaction of the directors.

Sec 8 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^ inspections of the stock holders and it shall be the duty of the directors to make anual dividends, or at such other times as a majority of the directors shall direct, of so much of the profits of said company as to them may appear advisable and the said directors shall when ever required by a majority of the stockholders exibit at a general meeting a full and perfect statement of the debts and credits, and all such other matters as may be deemed essential relating to the affairs of the company.

Sec 9. The Stock not disposed of by the commissioners ^in the manner^ hereinbefore named shall and may be issued by the directors for the time being according to the by Laws and regulations that may be adopted by the said company

Sec 10 As soon as twenty per cent of the capital stock of said corporation shall be paid in the said corporation shall be authorised to procede to business and not before

Sec 11. This act is hereby declared a Public act and shall take Effect from and after its passage, and be and remain in force for Twenty Years.