Papers Of Abraham Lincoln

Sec[Section] 1^st Be it enacted by the people of the State of Illinois represented in the General assembly, that the third section of the ^said^ act, to which this is an amendment, is hereby amended, so as to authorize the said company, to loan any part of their capital stock, on promissory notes with security.

Sec 2^d. That the fourth section of ^the^ said act, to which this is an amendment, is hereby so amended, that only ten per cent on each share shall be required to be paid in, within the first six months, after the directors of ^the^ said company shall have been chosen.

Sec. 3^d That James H Work, Frances Voris, John A. M^cCoy, James C Armstrong, Moses Pettingale, Andrew Gray, William Mitchell, Aquilla Wren, and George T. Metcalf, are hereby appointed Commissioners, to receive subscriptions to the capital stock of said Company.

Sec 4. That the Quincy Insurance Company be and they are hereby authorised, to loan any portion of their capital, not exceeding one third part thereof, upon personal security, at a rate of interest not exceeding eight per cent.

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A Bill for An Act, to amend an act entitled “An Act to incorporate the Peoria Commercial Insurance Company approved Feby[February] 18^th 1837.”

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13

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[?] to the Senate

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[01]/[29]/[1840]
Engrossed.

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[01]/[30]/[1840]
passed