Sec.[Section] 1. Be it enacted by the People of the State of Illinois represented in the General Assembly That Enos H. Harrison, John Ligerson, Wallace Ligerson and Jeremiah A. Townsend and such other persons as may associate with them for that purpose, be, and are hereby constituted a body corporate by the name of the “Alton Ferry Company” for the purpose of transporting, taking, and carrying property and persons across the Mississippi river from the town of Alton to the opposite shore, by the power and force of steam, of animals, or of any mechanical or other power, or1 of any combination of them which the said corporation may choose to employ, and by that name they and their successors shall be, and hereby are vested with all the rights and privileges of ferriage across the said river, and may have succession, and shall be persons in law capable of contracting, and being contracted with, suing and being sued, pleading and being impleaded in all courts of law and equity, and in all manner of actions, and that they and their successors may have a common seal, and may change and alter the same at their pleasure.

Sec. 2. The capital stock of said company shall consist of Ten ^twenty five^ Thousand dollars divided into

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one Hundred shares of one hundred dollar[s] each.

Sec. 3. That the general place of meeting for said company, shall be at Alton.

Sec. 4. That for the purpose of carrying into effect the object of this incorporation Enos H. Harrison John Ligerson & Jeremiah A. Townsend are hereby appointed commissioners to obtain subscriptions to the capital stock of said company; and said commissioners, or a majority of them, after giving general notice thereof, in some paper 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 the said capital stock is subscribed. Every subscriber shall, at the time of subscribing, pay to said commissioners the sum of one dollar for each share subscribed. When such subscription is complete, or within sixty days thereafter, said commissioners or a majority of them, shall call a meeting of the stockholders at Alton, by a printed notice in some newspaper of general circulation within this State.

Sec. 5. That at said meeting, the stockholders of said company shall proceed to elect five . . .

Sec. 8. That immediately after the directors are chosen as above, they shall hold a meeting at which, and at all subsequent meetings, a majority shall constitute a quorum; ^and^ that they shall proceed to the election of a President from one of their number.

Sec. 9. That said President and directors shall have power, from time to time, to make all such bye laws, not inconsistent with the constitution and laws of this State, which may be necessary for the management and direction of the affairs of said company.