Sec[Section] 1 Be it Enacted by the people of the state of Illinois Represented in the General Assembly, That all such persons as shall become subscribers to the stock hereinafter created, shall be constituted a body politic and corporate by the name and style of “The Farmers Exporting company” and by that name and style they and their successors shall have power to sue and be sued, plead and be impleaded, answer and be answered unto, in all courts and places whatsoever, to contract and be contracted with, to make Execute and receive promisory notes, and to do all other acts necessary to the object of their incorporation, for and during the term of Ten years from the passage of this act

Sec 2 For the purpose of carrying into Effect the object of this incorporation, Samuel T M^cKean, Joel Hicks, Nathaniel Chapin William Moffitt and Edwin S Jones or any three of them are hereby appointed commissioners to obtain subscriptions to the capital stock hereby created, said commissioners shall give at least three weeks notice in some paper printed in the county of Peoria of the time and place when they and where they will open books for subscription to said stock

One dollar on Each share shall be paid at the time of Subscription and the remander at such time as the board of directors shall require, a

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failure to pay any installment of stock when called for by order of the said directors shall operate as a forfeiture of all previous payments

Sec 3 As soon as The capital stock of Said company shall be Twenty thousand dollars, with the privalege of increasing the same to fifty thousand ^dollars^ if it should be deemed advisable by the Majority of the stock holders as to be decided on at any Regular Meeting of sad Stock holders, said Stock shall be divided into shares of Twenty five dollars Each, no one individual shall at any time own stock to Exceed one hundred shares

Sec 4 As soon as six thousand dollars of the capital stock of said company shall have been Subscribed for as provided ^in the^ 2^d Section of this act, the commissioners shall give notice to the stock holders that by ba[...?] publication in some newspaper printed in Peoria, that an Election will be held at some place in Lasalle Prairie (the house to be designated in the notice) that an Election will be held for the Election of one President one Secretary and one treasurer and nine directors of said company, at which Election the aforesaid commissioners shall be inspectors Each Share Shall be Entitled to one vote to the number of five, and one vote for Every ten shares thereafter, which votes may be given in person or by proxy, and

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the persons receiving the highest number of votes for the respective offices shall be declared duly Elected, and hold

Sec 5 The Said company when organized as aforesaid Shall have power to purchase and Export any of the products of the County and sell the same, to import goods, and dispose of the same by sale or otherwise, to construct Boats [...?] ware-houses and other buildings and to do all other things necessarily connected with the produce business

Sec 6 The said company shall Establish their place of business at such place in Lasalle prairie in Peoria county as may be agreed upon by a majority of the directors of Said company, and when located or Established shall not be [...?] removed or its location changed unless by consent of a majority of the Stock holders at a general meeting

Sec 7 The President and directors of ^ said company ^ Shall have the management of the concerns of said company, they shall have power to make such by laws and regulations as they shall think necessary for the good government of their concerns, provided such by laws are not inconsistent with the constitution and laws of this state.

Sec 8 The first directors and other officers of the company Shall hold their offices until the first Monday in

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in June next succeeding their election at which time an election shall be held under the direction of the directors for the time being who shall act as inspectors of such election, for one president one Secretary one Treasurer and Nine directors who shall hold their offices for one year and until their successors are elected and quallifd, and ever after an election shall be held on the first monday in june for the same number of offices to manage the concerns of said company.

Sec 9 The stock of said company shall be considered personal property and transferable on the books of said company, but no person shall be permitted to transfer his stock who may be indebted to said company until such indebtedness shall be settled to the satisfaction of the directors. The private property of each stock-holder shall be holden for the debts of the company to the extent of the stock he or she may own

Sec 10 The company shall at all times keep proper books of accounts in which shall be registered all the acts and doings of the corporation, and the same shall at all times be subject to the inspection of the stock holders, and it shall be the duty of the directors to make anual or semi-anual divadends of so much

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of the profits of Said company as to them or a majority of them Shall appear advisable; and the Said directors whenever required by a majority of the Stock holders Shall Exibit at a general meeting a full and perfect Statement of the debts and credits and all Such other matters as Shall be deemed Essential relating to the affairs of Said Company