Sec [Section]1 Be it enacted by the people of the State of Illinois, represented in the General Assembly, That the Corporation of the Town of Beardstown, be and they are hereby authorized to acquire by purchase or otherwise any real Estate lying within three miles of said Town, Provided said real estate Embrace only such lands known as Waste and inundated lands said Corporation are also hereby authorized and empowered to purchase and hold such lots and parts of lots, in Beardstown, as may be necessary and proper for the building of and erecting Wharfs for said Town.

Sec 2 Be it further enacted that said Corporation shall have power and authority, to sell or lease said Lands in lots, and to appropriate, any Lands belonging to said Corporation to the purpose of draining said overflowed or waste Lands, or to the erection of Wharfs as aforesaid, and said Corporation are hereby further empowered to make any and all such by-laws or ordinances. that may be necessary and proper for the purpose of regulating the same, and for the purpose of carrying into effect the powers herein granted and the objects of this act, not inconsistent with the Constitution and laws of this State.