An act to Incorporate the Rector Steam Mill Company in Hamilton county

Sec[Section] 1. Be it enacted by the People of the State of Illinois represented in the General Assembly; That all such persons as shall become subscribers to the stock hereinafter described shall be and they are hereby constituted and declared a body politic and corporate by the name and style of “The Rector Steam mill company” from and after the passage of this act, and by that name they and their sucessors shall have succession, and shall in law be capable of suing and being sued, pleading and being impleaded in all courts and places whatsoever; may have a common seal, and alter the same at pleasure, and they and their successors may also, by that name and style, be capable in law of purchasing, holding and conveying away real and personal estate for the uses and purposes of said corporation; which real estate shall not exceed one hundred and sixty acres of land whereon to erect the necessary enclosures for carrying on the business of the company.

Sec 2. The said company hereby incorporated shall have power to erect a steam mill in the county of Hamilton and are hereby authorized to carry on the manufactory of flour, corn meal, wool, hemp[,] and other manufactures; to export the same; and the other products of the

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of the country, and to use all such powers and privileges as may be necessary to carry on the said manufactory according to the objects of this act as herein expressed

sec 3. The capital stock of said company shall consist of thirty thousand dollars to be divided into six hundred shares of fifty dollars each.

Sec. 4. The general place of meeting for said company shall be at MLeansborough in this state; but the president and directors of said company may select such other place of meeting as to them may seem most convenient and expedient.

Sec 5. For the purpose [of] carrying into effect the object of this corporation John choissier[,] Archilus Coffee, James Gholson, Abram Irvin, William Johnson, and Gilbert Griswold are hereby appointed commissioners to obtain subscriptions to the capital of said company And said commissioners, or a majority of them, after giving general notice thereof in some newspaper printed in this state, may open books for the subscription of said stock, at such times and places as they may direct, and keep the same open till[until] at least two hundred shares are subscribed. If the requisite number of shares shall not be subscribed within thirty days after the books

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are opened, said commissioners or a majority of them, shall take such measures for completing such subscriptions as they may deem expedient and proper. Every subscriber at the time of subscribing, shall pay to said commissioners one dollar for each share subscribed; when such subscriptions is complete as aforesaid or within sixty days thereafter said commissioners or a majority of them, shall call a meeting of the stockholders at MLeansborough, by a printed notice in some newspaper of general circulation within this state.

Sec 6. At said meeting the stockholders of said company shall proceed to elect five directors, who shall manage, direct[,] and govern the affairs of Said company, one year from the period of said election, and until their successors shall have been elected and qualified, and that at said election each stockholder shall be entitled to one vote for each share he may hold, and a majority of all the votes given shall be required to make an election. That the period of election of directors as aforesaid shall be annually on the first Monday of the month in which the first election shall be held.

Sec 7. Immediately after the directors are chosen as aforesaid, they shall hold a meeting, at which, and all subsequent meetings of said board

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a majority of the directors shall constitute a quorum. That they shall proceed to the election of a President from their own body; A secretary who shall be sworn by a Justice of the peace to the faithful discharge of his duty, and who shall record all votes of the corporation in a book by him kept for that purpose; a Treasurer who shall give bond to such amount and in such manner as the said President and Directors shall direct, and the Said board shall appoint all other officers, and agents as to them shall seem proper, and necessary.

sec 8. Said President and directors, shall have power to make and establish all such by laws, rules[,] and regulations as shall be necessary and not inconsistent with the laws of this state and the provisions of this act, which may be necessary for the payment or collection of the subscriptions to its stock and the transfer of the same, and of property, or that in any other way may concern the management and direction of the affairs of said company.