Sec.[Section] 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That section No. five, of the act of incorporation of the Union Agricultural Society, be annulled, and the following be inserted as the fifth section, to wit:

“Said Commissioners, or a majority of them, may open books for subscriptions to said capital stock at such times and places as they may think best, by advertising the same at least fourteen days previous in two or more of the newspapers published in said counties, and may close the same at pleasure, and may appoint committees to receive subscriptions, and abrogate the same, or any of them, at pleasure: and any subscriptions that have been or may be made under the direction of the commissioners, or the committees by them appointed, or to be appointed, are hereby legalized and made valid.”2

Sec. 2. That section No. seven of said act be also annulled, and the following inserted as the seventh section, to wit:

“If the subscriptions to the capital stock shall exceed ten thousand dollars, the commissioners may apportion the same among the subscribers thereto, or increase the capital stock from time to time, to any amount less than thirty thousand dollars.”3

Sec. 3. That section No. eight of said act be also annulled, and the following inserted as the eighth section, to wit:

“Said commissioners shall continue in office during the pleasure of the trustees, and when removed, the powers vested in them shall vest in and may be executed by the trustees.”4

Sec. 4. That the words “which election shall be annually” at the end of the ninth section, and all of section No. eleven, be also annulled, and the following be inserted as the eleventh section, to wit:

“The trustees hereafter shall be elected at such times as may be provided by the by-laws, and shall hold their offices until others are elected in their places, and notice of the time and place of holding such election, shall be given by the Secretary, by advertising the same at least fourteen days previous, in two or more of the newspapers published in said counties.”5

Sec. 5. That after the words “a treasurer,” in the fifteenth section of said act, the following be inserted to wit: (of whom they may require bonds in a sum sufficient to insure the faithful discharge of his duties;”) and at the end of the same section, the following be added, to wit: “They may also establish or connect with this society branches or auxiliary societies, of like characters, in the counties of La Salle, Will, Cook, McHenry and Kane.

Sec. 6. That if this society shall be organized within one year from the passage of this act the privileges and benefits of the original act of incorporation, and of this amendment, shall be, and are hereby secured to it.

Sec. 7. The society incorporated by the act to which this is an amendment, shall exist as a corporate body no longer than the period of twenty years from the passage of this act.

Approved, January 31, 1840.