In force, Feb. []17, 1841.
An ACT to amend the act entitled “An act to incorporate the Jo Daviess Marine and Fire Insurance Company.
1Commissioners.
Sec. []1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That John Atchison, Henry J. Morrison, R. J. Taylor, R. W. Brush and T. B. Farnsworth, be, and they are hereby appointed commissioners for superintending subscriptions to the
capital stock of said company, and the said commissioners shall open one or more subscription books for said stock
at such time and place in the town of Galena as they shall direct, within twelve months from and after the passage of this act.
Notice.
Sec. 2. That notice shall be given in one of the papers published in the town of Galena, setting forth the time and place, and at least thirty days previous to the opening
of the said books of subscription.
Annual election.
Sec. 3. The election of directors of said company shall be conducted as heretofore provided, and shall hold their offices until the first Monday in June, one thousand eight hundred
and forty-two, and until others are elected in their stead, and the directors for
every subsequent year shall be elected on the first Monday in June.
Forfeiture of charter.
Sec. 4. The charter of the said company hereby amended, shall be void and of no effect unless the stock shall be subscribed and the company commence operations within two years from and after the passage of this act; and
the twenty-second section of the act to which this is amendatory, as well as every
other part of said act conflicting herewith, and the amendatory act passed February
nineteenth, one thousand eight hundred and thirty-nine, is hereby repealed. The corporate
powers and existence of said company shall expire at the termination of twenty years from the passage of this act.2Approved, February 17, 1841.
1George W. Harrison introduced SB 52 to the Senate on December 17, 1840. The Senate referred it to the Committee on the Judiciary on
December 21. The committee reported back on December 23 and recommended an amendment,
to which the Senate concurred. The Senate passed the bill sometime before December
30, when it was first introduced to the House of Representatives. The House referred the bill to the Committee on Banks and other Corporations on
January 21, 1841. The committee reported back on January 28 and recommended an amendment
adding a 5th section, to which the House concurred. The House struck the 5th section
on February 12 and passed the bill. The Council of Revision approved the bill on February 17 and the act became law.
Journal of the House of Representatives of the Twelfth General Assemble (Springfield, IL: William Walters, 1840), 162, 255, 293, 377; Journal of the Senate of the Twelfth General Assembly (Springfield, IL: William Walters, 1840), 87, 100-101, 108, 303, 323-324, 336.
2The House of Representatives passed an amendment adding a 5th section on January 28, 1841, but removed it on February
12.
Journal of the House of Representatives of the Twelfth General Assemble (Springfield, IL: William Walters, 1840), 293, 377.
Printed Document, 1 page(s), Laws of the State of Illinois, Passed by the Twelfth General Assembly (Springfield, IL: William Walters, 1841), 150, GA Session 12-2,