Papers Of Abraham Lincoln

In force, Mar.[March] 2, 1839.

AN ACT to establish a company for manufactures.
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Body politic.

Name & style.

Powers.

Sec.[Section] 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That Levi D. Boone, his associates and successors and assigns, be, and they are hereby, constituted a body corporate and politic, by the name of “The Union Steam-mill Company;” and, by that name and style, they and their successors shall have succession, and shall, in law, be capable of suing and being sued, in all courts and places whatsoever; shall have a common seal; and shall, by their corporate name, be capable, in law, of holding and conveying any real estate and personal estate for the purposes and use of said corporation.

Further powers.

Sec. 2. The company shall have power and authority to carry on the manufacture of flour and all other useful manufactures, and to enter into contracts and execute agreements, and do all other acts for the purpose of carrying on said business and protecting the interest of said company; may make, ordain, and establish all necessary by-laws, not inconsistent with the constitution and laws of the United States and of this State.

Capital stock.

Sec. 3. The capital stock shall consist of not more than fifty thousand dollars, divided into shares of such amount as the directors shall order; and the corporation hereby created shall continue for twenty years.

Managers.

Sec. 4. The company and affairs of said company shall be under the order of five managers, to be chosen by the stockholders in such manner as the by-laws shall direct, and shall continue in office for one year, and until their successors shall be chosen.2

Approved, March 2, 1839.

1On February 20, 1839, Peter Green introduced HB 373, originally titled “A Bill Making Certain Appropriations on the Western Mail Route, and for Other Purposes,” in the House of Representatives. The House referred the bill to the Committee on Internal Improvements. The Committee on Internal Improvements reported back the bill on March 2 with amendments, in which the House concurred. The House passed the bill as amended, amending the title so as to read “A Bill to Establish A company for Manufactures.” On March 2, the Senate passed the bill without amendment. That same day, theCouncil of Revision approved the bill, and the act became law.
Illinois House Journal. 1838. 11th G. A., 1st sess., 461, 600, 605, 606; Illinois Senate Journal. 1838. 11th G. A., 1st sess., 508, 509.

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3In February 1841, the General Assembly passed an act that transferred the rights and privileges of the Union Steam Mill Company to the newly incorporated Union Manufacturing Company.