Sec.[Section] 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the persons hereinafter named shall be commissioners to receive subscriptions for shares in an academic association to be styled the Juliet academy, to be located at Juliet, in the county of Will.

Sec. 2. The trustees to be elected as hereinafter provided, are hereby constituted a body politic and corporate, with power of suing and being sued, pleading and being impleaded, answering and being answered unto, in all courts having competent jurisdiction, in the name and style of the "Trustees of the Juliet Academy." They shall have power to open books; to receive subscriptions and donations to the capital stock of said academy; to acquire, hold and convey property; to have and use a common seal; to alter the same at pleasure; to make and alter from time to time such by-laws as they may deem necessary for the government and regulation of said institution, its officers, and servants, and property: Provided, Such by-laws be not inconsistent with the Constitution and laws of the United States and of this State, or of this act.

Sec. 3. The trustees of said institution (shall consist) of nine stockholders, at the first election, three of whom shall be elected by joint ballot for the term of three years; other three shall be elected for the term of two years; and the other three shall be elected to serve for the term of one year, and who shall continue in office until their successors are duly elected; and every year thereafter there shall be an election of three trustees held at some convenient place, to be from time to time ascertained and fixed by the by-laws of said corporation, until the said academy is fitted for holding elections therein, after which all elections shall be held at such academy, and that any person holding more than one right or share in said academy, shall be entitled to one vote for each right or share he or she shall hold in the same.

Sec. 4. The stockholders of said institution shall have power to fill such vacancy or vacancies of said trustees as may happen by death, resignation or otherwise; and the said trustees shall hold the property of said institution solely for the purposes of education, and not as stock for the individual benefit of themselves, or any contributor to the endowment of the same; and no particular religious faith shall be required of those who become trustees, teachers, officers, scholars or servants of said institution.

Sec. 5. The said institution shall be located in or within one half mile from the Des Plaines river, in Juliet, in the county of Will, in said State; and the said trustees shall be competent in law or equity to take to themselves and their successors in office, in their said corporate name, any estate, real, personal or mixed, by the gift, grant, bargain and sale,

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conveyance, will, demise or bequest of any person or persons whatsover; and the same estate, whether real, personal or mixed, to grant, bargain, sell, convey, demise or place out on interest, or otherwise dispose of for the use of said institution, in such manner as shall seem to them most beneficial to the institution. Said trustees shall faithfully apply all funds collected, or the proceeds according to their best judgment in erecting and completing a suitable building or buildings, supporting the necessary officers, instructors, instructresses, and servants, and procuring books, maps, charts, globes, and apparatus necessary to the success of said academy: Provided nevertheless, That in case any donation, devise or bequest shall be made for particular purposes accordant with the design of this institution, and the corporation shall accept the same, every donation, devise or bequest shall be applied in conformity with the express conditions of the donor or devisor.

Sec. 6. The stockholders shall annually elect a treasurer for said institution, who shall before he enters upon the duties of his office, give a bond with approved security to the trustees of said academy, in such penal sum as they may require for the due and faithful performance of his duty as treasurer; and in case of his death, removal, refusal, or neglect to serve, it shall be lawful for the trustees of the academy at any of their meetings to appoint another treasurer in his stead, to remain in office till the expiration of the time during which his predecessor was elected.

Sec. 7. All process against the said corporation shall be by summons, and the service of the same shall be by leaving an attested copy thereof with the treasurer, or at his usual place of abode, at least thirty days before the return thereof.

Sec. 8. The trustees shall have power to employ and appoint a principal for said institution, and all such instructors, and teachers, and servants as may be necessary, and to displace them as the interest of the academy may require the same, and to fill all vacancies which may happen by death or otherwise.

Sec. 9. The trustees shall meet annually, and oftener, if they think necessary, in the town of Juliet; and shall appoint one of their board a clerk, who shall faithfully record all the proceedings of said trustees. They shall elect all officers and servants by ballot, and a majority of said trustees shall be sufficient in all cases to transact the business of said corporation.

Sec. 10. Not over forty acres of land shall be held by said academy, for the sole use, occupation of the buildings and appendages connected therewith.

Sec. 11. That on the payment of twenty dollars to the treasurer, every free white person shall be considered a stockholder, and be entitled to one vote, and that it shall be lawful for each and every stockholder for the time being of said academy, his executors, administrators or assigns, to give, sell, devise and dispose of their respective rights or

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shares in said academy, and such donee or purchaser shall be entitled to all the rights of the original holder.

Sec. 12. William A. Boardman, William Adams, Hugh Henderson, Abijah Caswin, A. W. Bowen, Joel A. Mattison, Thomas Allen, Levi Jenks, Martin H. Demond, Dennis Kelly, John D. Caton, Joshua Rucker, William Peck, Elisha C. Fellows, Richard Doolittle, Addison Collins, John L. Wilson and Fenner Aldrich, be, and they are hereby appointed commissioners to solicit and receive subscriptions of stock to said institution, and give receipts for the same; and when the sum of fifteen hundred dollars of stock is subscribed, said commissioners, or any three of them, shall be authorized to give public notice for three weeks in some public newspaper, of the time of holding an election of trustees of said institution, which first election shall be held at the court house in Juliet, between the hours of twelve M. and six P. M., on said day, and the said commissioners, or any three of them, may act as judges of said election.

Sec. 13. The second election of trustees, and every subsequent one, shall be held on the first Monday of January, annually, at the academy, between the hours of twelve M. and six P. M. on said days.

Sec. 14. Each stockholder shall be required, at or before the first election for trustees, to pay to said commissioners five dollars on each share by him or her subscribed, and the residue in six months thereafter, or the amount paid by him shall be forfeited.

Sec. 15. All elections for trustees shall be by ballot, with the name of the voter or stockholder written on the ballot, and the number of shares of stock he or she holds in said institution, and which ballot, after the first election shall be given to the treasurer, or clerk of the board of trustees, a majority of whom shall act as the board of election.

Sec. 16. The said academy, when erected and in operation, shall at all times be open for the use and privilege of every free white person who may wish to be instructed there, if such free white person will comply with the laws and by-laws, and pay the sum affixed by said trustees for the instruction of students attending there.

Sec. 17. Every free white person who may at any time tender the sum of twenty dollars to the treasurer of the academy, it shall be the duty of the treasurer to accept the same and give him a certificate as a stockholder.

Sec. 18. If at any time the corporation shall violate the provisions of this charter, it shall be the duty of the Attorney General to file an information in the nature of a quo warranto for the purposes of vacating this act: Provided, In that case the trustees shall have the right of selling all the property, real and personal, belonging to said corporation for the sole benefit of the stockholders, who shall be entitled to the same, as soon as it is collected, and shall then be considered as money paid to the use of the said stockholders.

Sec. 19. That in case it should happen that an election of trustees should not be made on any day when pursuant to this act it ought to have been made, the said corporation shall not for that cause be deemed to be dissolved, but that it shall be lawful on any other day to hold and make an election of trustees, in such manner as shall have been regulated by the by-laws and ordinances of said corporation.

Approved, February 27th, 1841.