Sec.[Section] 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the school lands and school funds of township thirty-nine north, range fourteen, east of the third principal meridian, be, and the same are hereby, vested in the city of Chicago; and the common council of said city shall at all times have power to do all acts and things in relation to said school lands and school funds which they may think proper to their safe preservation and efficient management, and to sell or lease said lands on such terms and at such times as said common council shall deem most advantageous, and, on such sale or sales, leasing or leasings, to make, execute, and deliver all proper conveyances therefor; which said conveyances shall be signed by the mayor of said city, and countersigned by the clerk thereof, and sealed with the corporate seal of said city: Provided, That the proceeds arising from such sales shall be added to, and constitute a part of, the school fund of said township: And provided, That nothing shall be done to impair the principal of said fund, or to appropriate the interest accruing from the same to any other purpose than the support of public schools in said township: And provided, further, That any schools established in said township, and without the limits of said city, shall be entitled to the same benefits and advantages from said fund as they would be without the passage of this act.

Sec. 2. It shall be the duty of the commissioners of school lands for Cook county to deliver, to such person or persons as the common council of the city of Chicago shall direct, all the books, papers, notes, mortgages, or other evidences of debt belonging to the said school fund of said township thirty-nine, and all moneys belonging to the same, taking the receipt of such person or persons therefor; which said receipt shall be a full indemnity to him for so doing.

Sec. 3. The common council of the city of Chicago shall have power to raise all sufficient sum or sums of money, by taxing the real and personal estate in said city, for the following purposes, to wit: To build school-houses; to establish, support, and maintain, common and public schools, and to supply the inadequacy of the school fund for the payment of teachers; to purchase or lease a site or sites for school-houses; to erect, hire, or purchase buildings suitable for said school-houses; to keep in repair and furnish the same with necessary fixtures and furniture, whenever they may deem it expedient; and the taxes for that purpose shall be assessed and collected in the same manner that other city taxes are or may be. The said common council shall also have power to fix the amount of the compensation to be allowed to the teachers in the different schools, prescribe the school books to be used, and the studies to be taught in the different schools, and to pass all such ordi-

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nances and by-laws as they may from time deem necessary in relation to said schools and the government and management of the same, and of the school lands and funds belonging to the said township.

Sec. 4. The said common council shall annually appoint seven persons for inspectors of common schools, and three persons in each district to be trustees of common schools in and for said district, whose powers and duties shall be prescribed by said common council.

Sec. 5. Sections eighty-five, eighty-six, eighty-seven, eighty-eight, eighty-nine, ninety, and ninety-one, of the act, entitled “An act to incorporate the city of Chicago,” passed 4th March, 1837, and all other acts and parts of acts coming within the perview of this act, be, and the same are hereby, repealed, so far as they relate to the said township thirty-nine, or the city of Chicago.

Approved, March 1, 1839.