Sec[Section] 1 Be it enacted by the People of the State of Illinois represented in the General Assembly
That Joshua Atwater, Isaack Prickett, Sam^l H Thompson, Edward M West, Owen Meeker, A. R. Skidmore, John T Lusk, John Adams, A. J. Lusk, Joseph Gillespie, J. L. Barnsback, and Cassius Heskett, and all such other persons as shall hereafter become subscribers to the stock herein after described shall be and they are hereby constituted and declared a body corporate by the name and style of “The Edwardsville Steam Mill company” from and after the passage of this act, and by that name they and their successors shall have succession, and shall in law be capable of suing and being sued; pleading and being impleaded, in all courts and places whatsoever; and may have a common seal, and may alter the same at pleasure, and they and their successors also may 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 said company, or for the use and purposes of said corporation

Sec 2 Said company hereby incorporated shall have power to erect a steam mill in Madison County, Illinois and hereby are authorized to carry on the manufactory of flour, corn meal, and lumber to export the same and other products 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 Fifteen Thousand dollars, or any sum under that amount to be divided into shares of one hundred dollars each which shares shall be payable in money personal or real estate or in labor to be

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performed on said mill, or for the purposes of said Corporation: Provided, That the Trustees of said Corporation shall be willing and agree to take the person[al] or real estate, the labor performed on said mill, or for the purposes of said corporation at the time of paying or performing the same at the prices required for such property or labor

Sec 4 For the purposes of carrying into effect the objects of this corporation, Isaac Prickett, Sam^l H Thompson[,] Joshua Atwater, Joseph Gillespie, E. M. West and A. J. Lusk, are hereby appointed commissioners to obtain subscriptions to the capital stock of said company; and said commissioners or a majority of them, after giving twenty days notice thereof either in a newspaper or by putting up written advertisements in three public places in the county, shall open books for the subscription of said stock at such time and place as they may direct and keep the same open ^till^ at least fifty Shares are Subscribed. If the requisite number of shares are not taken within twenty days the commissioners, or a majority of them, shall take such measures as they may see proper for the completion of such subscriptions, and when such subscription is completed as aforesaid or within Thirty days thereafter said commissioners or a majority of them shall call a meeting of the stock holders, at Edwardsville giving twenty days notice thereof ^either^ in a newspaper or by putting up written advertisements in three public places in the county

Sec 5 At said meeting the stock holders of said company shall proceed to elect five Trustees or directors who shall manage, direct, and govern the affairs of said company one year from the period of election, and untill their successors shall have been elected and qualified; and that no one shall

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be eligible to the office of director or Trustee unless he or she shall own at least three shares at said election each stock holder shall have one vote for every share he or she shall own, and a majority of the votes given shall be required to make an election. The period of the subsequent election of directors shall be annual[ly] on the first monday of the month in which the first election shall be held

Sec 6 Immediately after the Trustees or directors are chosen, they shall hold a meeting, at which and at all subsequent meetings of said board, a majority of the directors shall constitute a quorum. 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 President and Directors or Trustees shall direct; and the said board shall appoint all other officers and agents as to them shall seem proper and necessary

Sec 7 Said President and Trustees or directors shall have the 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 provisions of this act which may be necessary to the payment or collection of the subscription of its stock, and the transfer of the same, and of property, or that in any way concerns the management and direction of the affairs of said company.

Sec 8 If it should happen that any election should not be made on the day when, by the provisions of this act, it should be made, the corporation shall not for that reason be dissolved, but such election may be held on any other day within twenty days thereafter; public notice being given by the directors thereof.

Sec 9 The stock of said company shall be deemed personal property, and assignable and transferable; but no Stockholder indebted to the corporation shall be permitted to make a transfer untill such debt be paid to the satisfaction of said directors.

Sec 10 The corporation shall continue for the space of twenty five years from and after the passage of this act.