An act Supplemental to an Act entitled an “Act to incorporate the Quincy House Company” approved March 2d 1839.
Sec[Section] 1 Be it enacted by the people of the State of Illinois represented in the General Assembly, that the Quincy House Company be and the same are hereby authorised and empowered to add to the Capital Stock of said Company at any time before the first day of January 1841, by a purchase of all the ^lands,^ tenements, hereditements[,] and appurtenances held by the Illinois Land Company, all of which said lands having been heretofore conveyed by sundry persons to Charles F Moulton, Daniel Dow, David. H. Nevins, John N Gossler, John W Leavitt, Joseph L Joseph, Samuel ^S^ Lewis, Amos Binney, James C Dunn, Joseph Swift, Lemuel Lamb, Charles Atwater and James P. Danforth; also to Lemuel Lamb and Thomas Dunlap, at such price and on such terms as the said Quincy House Company and the Trustees and Directors on behalf of the Illinois Land Company may think proper to contract, which lands were purchased of Sundry individuals by
the said Trustees and Directors and are situate in the State of Illinois, and constitute the joint interest of the Illinois Land Company, of which companyJohn Tillson Jr is their general agent.
<Page 2>
Sec 2 Upon the purchase of the lands and other property belonging to the Illinois land Company, by the Quincy House Company, the said Quincy House Company may issue fifteen thousand Shares of additional Stock of one hundred dollars each,
and the lands so purchased shall all be disposed of by said Company on or before the first day of January AD 1848, first offering the same at public
sale at the Office in Quincy Illinois, giving at least sixty days previous notice of such sale by advertisment in at least four of the public newspapers printed in this State, and that certain portions of said land not less than one eighth of the quantity
they may own, shall be brought into market in each and every year until all shall
have been disposed of by the Company, and that the minimum price at the public Sale shall not exceed the Government price,
tho’[though] after the public Sale is over all of said lands remaining unsold may be disposed
of at any price, and on Such terms as the Said Company may think proper
Sec 3. All deeds and documents of every kind relating to the title of any property that
may be conveyed to the Quincy House Company as aforesaid, and that may be found in anywise requisite to place on record in order
to Show a more perfect chain of title to any portion of the property so held by them,
may
<Page 3>
be recorded in the Recorders Office of the County of Adams, and it shall not be requisite to record said deeds or documents in any other county
in this State.
Sec 4 The Legislature reserve the right after the first day of January 1848 to investigate the books and
papers of the Quincy House Company, and to call upon the officers for any information they may wish for in reference
to a final disposition by said Company of all the lands and other property conveyed to them by the Trustees and Directors
of the Illinois Land Company, and to reduce the Capital Stock of the said Quincy ^House^ Company to the original capital of one hundred thousand dollars, and require them to confine
their operations exclusively to the management of the same, and the business necessarily
connected therewith
Sec 5. Should the Illinois Land Company accept the provisions of this act and consent to a sale of their property to the
Quincy House Company, they shall signify their acceptance of the same by an instrument of writing under
the hand and Seal of John Tillson Jr the general agent, which Said acceptance shall be filed with the Secretary of the
Board of Directors of the Quincy House Company and by him entered upon the records of said Company.
Said Secretary shall make out and certify a
<Page 4>
copy of said acceptance, and transmit the same to the Auditor of Public accounts to be by him filed and preserved in his Offic[e]
Sec 6 The corporate existence of the said Quincy House Company shall wholly cease, at the termination of twenty years from the passage of this act
[ docketing
]
[H R?]
[ docketing
]
A Bill for an act supplemental to an act entitled “an act to incorporate the Quincy house company approved March 2 1839”
[ docketing
]
01/13/1840
01/13/1840
2
[ docketing
]
Com Jud.[Committee Judiciary]
[ docketing
]
32
[ docketing
]
Refd com. Jud.
[ docketing
]
01/18/1840
01/18/1840
Ord 3d Reading
[ docketing
]
72
[ docketing
]
24
[ docketing
]
Passed
[ docketing
]
passed
Handwritten Document, 4 page(s), Folder 285, SB 91, GA Session 11-S, Illinois State Archives (Springfield, IL) ,