Sec[Section] 1^st Be it enacted by the people [?] [Illi]nois, represented in the General [Assembly][?] Ridgely James L. J F Rague and [?] are hereby created a body corp[orate] [?] by the name and style of the Trustees [of the Springfield?] High School Association, [and by that?] name to have perpetual succession [?]

Sec 2^d The corporate powers [?] Corporation shall be such as [?] to wit to have [?] to make contracts, to sue and [?] be impleaded, to [?] [named?], and to a[?] [a natural?] person may [?] and sell property, [?] and in all lawful ways to use [?] dispose of the same; to have a [?] alter, and change the same, and to make [by laws?] [?] its regulation, not inconsistent with the [?] and laws of the United States or of [?] Provided that nothing [herein?] [?] be so construed as to allow [?] in the Corporate [?] a greater amount of real estate than [?] twenty thousand Dollars.

Sec 3^rd That Trustees of the said Association [?] subscriptions until the [?] paid shall [?]

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purchasing in the town of Springfield [?] lot or lots and directing thereon a building or buildings [?] for an academy; and to purchase [?] lots, and cause to be erected thereon [?] building or buildings and rent the[?] or persons [to?] whom they [should?] [?] be properly qualified to conduct a [high?] [?] and to divide [all rents?] collected from such [?] after paying for repairs, taxes and other necessa[ry] [?] expenses proportionately among the subscribers [?] at such times and in such [?] as they may deem advisable

[Sec?] 4^th The trustees for the time being [?] may be perpetual, shall [?] which may occur [?] from death, resignation removal or any [?], majority of the Trustees for the time being [?] a quorum to do business, and shall have [power to?] increase their number to twelve. Provided [?] two thirds of the Trustees for the [time being?] concur in the appointment, of the additional Trustees.

Sec 5^th It shall be the duty of the trustees to appoint out of their number Treasurer to the board, who shall be required to [?] bond for the faithful discharge of the trust [?] him.

[S]ec 6^th. The profession of any religious [?] be required of those who may wish to be [?] the said Academy.

Sec 7^th. The right of the subscribers to [receive?] their proportion of [?] out of the Academy as provided for in the third section [?] shall be assignable [and transferable?] [?] may provide[?] be in force from