Amend the Bill by Striking out of the 2d & 5th Sections respetively the words “Two millions eight hundred thousand dollars” and inserting in lieu thereof
the words “one million one hundred thousand dollars”
Add section 6: The remaining one million Seven hundred thousand dollars ^provided for in the 1st section of this act^ may be divided into shares of one hundred dollars each, and it may be lawful for
the said Bank of Illinois to sell or vend the same at public auction, at any place or places to be designated
by said Bank within the limits of this State, having given four weeks notice of the time and place of such sale by advertisement
in at least four of the public newspapers printed in this State: and the profits arising from such sales, shall belong exclusively to said Bank, upon the conditions provided in the 9th Section of this act.
Strike out sect.[section] 6 of the Bill and add in lieu thereof “sec.[section] 7. There shall be established in addition to the Branches or offices of Discount
and Deposite now provided for by the 9th Section of an act entitled “an act to increase the capital stock of certain Banks
and to provide means to pay the interest on a loan authorised by an act entitled [“]an act to establish and maintain a general system of internal improvement” approved
March 4th 1837[”] any number not exceeding five at the option of said Bank.
add section 8. The said Bank shall have Sixty days for the redemption of its notes and
...?] on [...?] payment of the same for any
[...?]after demand [...?] if the said bank shall at any time neglect or refuse for more than Sixty days after demand, at their
Banking houses during the regular hours of business, to redeem in specie any evidence
of debt issued by the said Bank, the said Bank shall discontinue and close all its operations of business except the Securing and
collecting of debts due or to become due to said Bank, and the charter of the said Bank shall be forfeited
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evidences of debt; and shall not any time[Add sec 9. the said Bank shall not be entitled to the benefits of the 6th, 7th[,] & 8th Sections of this act until the said corporation in consideration thereof shall have entered into [...?]
bond to the Governor of this State in the penalty of dollars, conditioned for the payment into the
[...?]
State treasury for the purposes hereinafter mentioned of the sum of dollars in semiannual instalments of dollars.
Make Sec 7 of the Bill Sec 11 and ^amend^ the Same by prefixing thereto the following words viz:
“The funds
^moneys^ arising from the instalments
^
bonus
^ required to be paid into the State Treasury by the 9th Section of this act to be paid by the said Bank into the State treasury and” and by inserting before the word “dividends” in the
20th line of said Section
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the word “moneys”
Make Sec 8 of the Bill, sec 12 and amend the same by striking out the three first lines thereof, and use
substituting inserting the following in lieu thereof,viz : “The said Bank shall have power to borrow at such rate of interest as may be agreed upon any sum of mon any sum of money not exceeding Seven hundred and fifty thousand dollars and the same
to loan on bond and”
Make Sec 9 of this Bill, Sec 13.
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1add Section 10. It shall not be lawful for this said Bank, under penalty of the forfeiture of
her
^its^ Charter, to issue bank bills of a less denomination than five dollars: and the power
is hereby reserved to the Legislature, fifteen years after the passage of this act should it be considered advisable to
further restrict the corporation from issuing any ^
[?]
^ bills of a less denomination than ten dollars
Handwritten Document, 4 page(s), Folder 169, HB 217, GA Session 11-1,
Illinois State Archives (Springfield, IL) ,