In force, Feb.[February] 6, 1839.
AN ACT to amend “An act to incorporate the Caledonia Railroad Company.”
1Name & style.
Amount of capital may be vested in manufactures.
Proviso.
Sec. [Section]1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the name and style of the Caledonia Railroad Company shall hereafter be known and designated by the name and style of “The Caledonia Railroad and Manufacturing Company.” That one-half of the capital of said company may be invested in manufactures, particularly in making and repairing steamboats
and other vessels; in making engines, of all descriptions, for the use of steam; in
making cars and engines for railroads, 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 Caledonia: Provided, That the privileges hereby granted be confined to the incorporated limits of said
town, and that the provisions of this act shall not grant any kind of monopoly in said
town, or in said manufactures, so that individuals or other incorporate bodies be not
excluded from any and all manufactories, he, it , or they may engage in, within the
said town of Caledonia.
Real estate, how held.
Sec. 2. 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.
Commissioners.
Election for directors.
Agents and clerks to be employed.
Proviso.
Sec. 3. James L. Curtis, Henry F. Talmadge, Charles Butler, Campbell Bushnell, Henry L. Webb, Justus 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, 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 said corporation; and in all elections the stockholders shall
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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.
Right of State.
Sec. 4. The right of purchase by the State of the proposed railroad, 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.
Approved, February 6, 1839.
1John J. Hardin introduced HB 99 to the House of Representatives on January 3, 1839, and the House referred it to the Committee on Internal Improvements.
The committee reported back on January 11 recommending sundry amendments to which
the House concurred. The bill passed the House on January 15. The Senate laid the bill on the table on January 17. The Senate took up the bill again on January
23rd and referred it to a select committee. The committee reported back the bill on
January 26 recommending an amendment to which the Senate concurred by a vote of 26
yeas and 6 nays and then passed the bill. The House concurred with the amended bill
on January 29. The Council of Revision referred the bill on February 6 and the act became law.
Journal of the House of Representatives (Vandalia, IL: William Walters, 1838), 158, 196, 215, 293, 308, 316, 324, 359; Journal of the Senate (Vandalia, IL: William Walters, 1838), 176, 179, 180-181, 215-216, 232-233, 248,
254-255, 261.
Printed Document, 2 page(s), Incorporation Laws of the State of Illinois, Passed by the Eleventh General Assembly (Vandalia, IL: William Walters, 1839), 3-4, GA Session: 11-1,