Whereas by an instrument bearing date the thirty first day of March one thousand Eight
hundred and thirty seven and now on file in the office of the Secretary of State,
the Mt. Carmel and Alton rail Road Company relinquished upon Certain conditions there in contained, to the State of Illinois their right to construct a Rail Road from Mt Carmel to Alton as Conferd upon them by an act entitled an act to Incorporate the Mt Carmel and Alton Rail Road Company approved 16th January 1836. And it being manifest that it will be impracticable for the State to
Comply with the Terms upon which said relinquishment was made Therefore
Sec[Section] 1. Be it enacted by the people of the State of Illinois represented in the General assembly that the assent of the State be and it is hereby given to a recission of said Relinquishment and that the Mt Carmel and Alton Rail Road Company be and they are hereby authorised to construct said road as originally contemplated
by the Terms of their Charter, any thing in said instrument relinquishing their right
so to do, to the State to the contrary not withstanding
Sec 2. That within ninety days from the passage of this act, it shall be the duty of the
Governor to appoint one Competant person and of the Presedent and Directors of said Company one other person whose duty it shall be after being duly sworn to assertain and examine
the amount of
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of work done and materials furnished by the State in ^and for^ the construction of said road, they shall estimate the then value of such work and
materials and report the amount to the Governor and to the President and Directors
of said Company.
Sec. 3. That upon such report as is provided for in the preceeding section being made it
shall be the duty of the presedent and Directors of said Company to Issue a certificate of Stock in favour of the state of Illinois equal to the amount thus reported
Sec 4 That the State of Illinois in the Government of the affairs of said Company shall be entitled to the same number of votes and influence, that an individual would
be entitled to who might own the same amount of Stock and it shall be the duty of
the Governor of the State by himself or his agent, to represent the stock owned by the State in all elections which may take place under the authority of the act incorporating
said company.
Sec 5. That all the rights and privilledges conferd upon said company by their original act of Incorporation are hereby Confirmed to them and the time limited
in said act for the completion of said Road shall be extended to ten years from the
Passage of This act.
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163.
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A Bill for An act to authorise the Mt Carmel and Alton Rail Road Company to construct the Southern Cross Rail Road.
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[02]/[08]/[1841]
[02]/[08]/[1841]
2
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[02]/[08]/[1841]
[02]/[08]/[1841]
In[Internal] Improvements
Handwritten Document, 4 page(s), Folder 357, SB 165, GA Session 12-2,
Illinois State Archives (Springfield, IL) ,