Sec[Section] 1st Be it enacted by the People of the State of Illinois represented in the General Assembly.
That the name and style of the Caladonia Rail Road Company shall hereafter be known and designated by the name and style of theCaladonia Rail Road and Manufacturing Company . That one half of the Capital of said Company, may be invested in manufactures, particularly in making and repairing Steam Boats
and other Vessels in making Engines of all descriptions for the use of Steam, in making
Cars and Engines for Rail Roads, and such other things as may be deemed by the directors
chosen in ^the^ manner prescribed in the act of which this is an amendment desirable for the improvement
of the town of Caladonia.
Provided that the privileges hereby granted be confined to the incorporated limits
of said Town ; and that the provision of this act shall not grant any kind of Monopoly in said
Town or in said Manufactures, so that individual^s^ or other Incorporate bodies bodies be not excluded from any and all Manufactures be it or they may engage in, within
the said Town of Caledonia.
Sec 2nd The Company shall not own real estate only as granted in the act of which this is an amendment,
and for the location of Yards and building lots appertaining to the Manufactories
intended in this act.
Sec 3rd James L Curtis, Henry F Tallmadge, Charles Butler[,] Campbell Bushnell, Henry L Webb, Justice Post and Timothy Barlow, shall be the Commissioners to open the Books for subscription to the Capital Stock
of said Company, and they or a majority of them shall proceed, as is prescribed in the act of which
this is an amendment.
The first Election for directors shall be holden by the Commissioners
<Page 2>
a majority of whom shall act as Judges of said Election, and all other elections shall
be conducted in a manner prescribed in the by Laws of saidCorporation. And in all elections the Stockholders shall be entitled to one vote for each share
he[,] she or they shall own, and a plurality of votes shall in all cases elect. The Directors
may employ such Agents and Clerks as they may deem proper, and may call in the balance
of the Capital stock subscribed, after the five Dollars to be paid on each share at
the time of subscribing is paid in such instalments and at such times as they may
deem proper, Provided such instalments be made equal on each share of stock, and the
Rules[,] by laws[,] and regulations which may be adopted by the directors may embrace the Manufactures
and privileges granted in this amendment.
Sec 4th. the Company shall commence the said Rail Road at any time they deem proper, but shall complete
it as soon as the Central Rail Road of the State shall be completed from the terminating point on the Ohio River to the intersection of the Southern Cross Rail Road, But they shall invest at least fifty thousand Dollars in the Manufactures designed
and mentioned in this act within twelve months, from the passage of this act.
Sec 5th. The right of purchase by the State of the proposed Rail Road as mentioned in the 8th Section of the act of which this is an amendment is retained. But the stock of the
Manufactories or the Manufacturing interest and privileges shall remain during the
time specified as the life of the Corporation in the act of which this is an amendment.
<Page 3>
<Page 4>
[ docketing
]
No 1
[ docketing
]
01/03/1839
01/03/1839
2
[ docketing
]
01/23/1839
01/23/1839
sel [select]Com[Committee]
[ docketing
]
Engrossed.
[ docketing
]
passed
Handwritten Document, 4 page(s), Folder 82, HB 99, GA Session 11-1, Illinois State Archives [Springfield, IL] ,