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 authorized and empowered to add to the capital stock of said Company, at any time before the first day of January, 1841,2 by a purchase of all the lands, tenements, hereditaments 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 Low, David H. Nevins, John N. Gossler, John W. Leavitt, Joseph L. Joseph, Samuel S. Lewis, Amos Binnoy, James C. Dunn, Joseph Swift, Lemuel Lamb, Charles Atwater, and James B. 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 company John Tillson jr., is their general agent.

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, A.D. 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 advertisement 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 at 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, 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 be recorded in the recorder’s 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 copy of said acceptance, and transmit the same to the Auditor of Public Accounts, to be by him filed and preserved in his office.

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.

Approved, February 3, 1840.