In force, Jan.[January] 31, 1840.
AN ACT to incorporate the Middlesex Steam Mill Company.
1Body politic and corporate
Term of charter
Powers
Proviso
Sec.[Section] 1. Be it enacted by the People of the State of Illinois, represented in the General assembly, ThatSeth Washburn , Mathias Mason, Robert Easton, and such other persons as shall become subscribers to the stock hereinafter mentioned,
shall be and they are hereby constituted a body politic and corporate by the name
and style of the Middlesex Steam Mill Company, from and after the passage of this act; and by that name, they and their successors
shall, and may have succession for the term of thirty years from and after the passage of
this act, and shall be capable of suing and being sued, pleading and being impleaded, answering
and being answered, in all courts, and places whatsoever; and they and their successors
may have a common seal, and they shall, in law, be capable of purchasing and holding
real estate for the purposes and objects of said corporation: Provided, That the personal property of each stockholder be bound for the contracts of such
corporation.
Capital stock $6,000, may be increased to $15,000
Sec. 2. That the capital stock of said corporation shall be six thousand dollars, with power in the company to increase said stock to fifteen thousand dollars, if they shall deem it necessary;
that said capital stock chall be divided into shares of twenty-five dollars each, and that the above named corporation have power to open, and keep open, books for subscription to said stock.
Further powers
Sec. 3. That the said company are hereby empowered to erect and conduct a grist mill and such other machinery to
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be propelled by steam, as they may deem necessary, and that they have power to make
by-laws, and such other regulations for managing said affairs as are just and necessary:
Provided, said mill and machinery be erected at or near Half-day post office, in Lake county.
Time to build mill, &c.[etc]
Sec. 4. That the above named corporators be allowed two years from and after the passage
of this act, to construct and erect said mill and machinery, and if said mill be not
in operation within said time, this act shall be void and of no effect.
Approved, January 31, 1840.
1On December 21, 1839, Richard Murphy introduced HB 47 in the House of Representatives, and the House agreed to amend the bill. On December 27, the House passed the bill.
On January 29, 1840, the Senate passed the bill. On January 31, the Council of Revision approved the bill and the act became law.
Journal of the House of Representatives of the Eleventh General Assembly of the State
of Illinois, at Their Called Session, Begun and Held at Springfield, December 9, 1839 (Springfield, IL: William Walters, 1839), 70-71, 88, 94, 298, 306, 317; Journal of the Senate of the Eleventh General Assembly of the State of Illinois, at
Their Called Session, Begun and Held in Springfield, December 9, 1839 (Springfield, IL: William Walters, 1839), 70, 161, 208.
Printed Document, 2 page(s), Laws of the State of Illinois, Passed by the Eleventh General Assembly, at their Special Session (Springfield, IL: William Walters, 1840), 31-32, GA Session: 11-S,