council, in connection therewith, are hereby legalized and confirmed. 2. This bill shall be in force from and after its passage. APPROVED March 27, 1869. 8, 1869. AN ACT to legalize the vote of the town of Winchester, taken December In force March 29th, 1868, authorizing a subscription to the stock of the Rockford, RockIsland and St. Louis Railroad Company. WHEREAS the town of Winchester, in Scott county, Preamble. on the 29th day of December, A. D. 1868, in pursuance of an order of the president and trustees of said town, held an election upon the question of authorizing said president and trustees to subscribe the sum of thirty thousand dollars to the stock of the Rockford, Rock Island and St. Louis Railroad Company, and to issue the bonds of said town in payment of said subscription; and whereas, at said elec tion, a large majority of all the legal voters of said town voted in favor of authorizing said subscription; therefore, SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the Vote for stock said election, held by the town of Winchester, in Scott legal and valid. county, on the 29th day of December, A. D. 1868, authorizing a subscription to the stock of said Rockford, Rock Island and St. Louis Railroad, is hereby declared to be legal and valid, and to authorize and empower the presi dent and trustees of said town, for the time being, to subscribe such stock, on behalf of said town, to the amount of thirty thousand dollars, to sald Rockford, Rock Island and St. Louis Railroad, and to issue the bonds of said town, in such sums, on such time, and at such rate of interest, as is provided for and prescribed in the order of said president and trustees calling said election, and to negotiate the same, at par, for the construction of said railroad." ized to take 2. The president of the board of trustees of said town of President of Winchester, as the agent on behalf of the corporate authori- trustees autor ties of said town of Winchester, may, and he is hereby stock. anthorized to subscribe to the capital stock of the said Rockford, Rock Island and St. Louis Railroad Company, in pursuance of the vote taken upon that question by the voters of said town, on said twenty-ninth day of December, A. D. 1868, to the amount of thirty thousand dollars. And. for the payment of such stock, so subscribed, the president and trustees of said town of Winchester may pay for the same in the bonds of said town, to be drawn for that purpose, in pursuance of the order of the said presiVol. III-48 dent and trustees of said town, in calling said election; which bonds shall be signed, on behalf of the corporate authorities of said town, by the president of said town and attested by the clerk of said town. 3. This act to be in force from and after its passage. APPROVED March 8, 1869. In force March AN ACT to amend an act entitled "An act to authorize the inhabitants 10, 1869. of the incorporation of the town of St. Charles to subscribe to the stock of the St. Charles Railroad Company," approved February 21, 1859. act amended. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That section Section one of one (1) of said act be amended by striking out the word 'fifteen," as it occurs in the fifth line of said section, on page 684, laws of Illinois, 1859, and inserting in lien thereof the word "fifty;" and, also, by striking out the word "three," as it occurs in the next to the last line of said section one (1), and inserting in lieu thereof the word "ten;" and also, by striking out the word "ten," as it occurs in the 11th line of section two (2) of said act, and inserting in lieu thereof the word "twenty;" and, also, by striking out the words "by the president of the board of trustees," as they occur in the fifth and sixth lines of section three (3) of said act, and inserting in lieu thereof the words "in writing by ten legal voters;" also, by striking out the word "fifteen," as it occurs in the 7th and 11th lines of section five of said act, and insert in lieu thereof the word "fifty;" also, by striking out the word "four," as it occurs in the eighth line of the 6th section of said act, and inserting in lieu thereof the word "ten." § 2. This act to be in force from and after its passage. APPROVED March 10, 1869. In force March AN ACT to revive and continue in force an act approved February 25, 30, 1869. 1867, enabling the town of Warren, in Jo Daviess county, to issue bonds for railroad purposes. Act revived. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That an act entitled "An act to enable the town of Warren, in Jo Daviess county, to issue bonds for railroad purposes," approved February 25, A. D. 1867, be and the same is hereby revived and continued in force for the period of three years, subject to all the provisions and stipulations therein contained. § 2. This act shall take effect and be in force from and after its passage. APPROVED March 30, 1869. AN ACT to authorize subscriptions and donations to the capital stock of In force March the Western Union Railroad Company. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That any county, city, town, village or township through which the Western Union Railroad may pass, or which may be situated on or near the line of said railroad, may subscribe to the capital stock of said company any sum not exceeding one hundred thousand dollars, and may issue bonds in denominations not less than one hundred dollars, with coupons for interest attached, bearing interest at any rate, not exceeding ten per centum, payable annually; which bonds may run any period, not exceeding thirty years, to be determined on by the county court, board of supervisors, city council, town trustees, or other the legal and proper authorities, authorized to issue bonds: Provided, that before said stock shall be subscribed, an election shall be held in conformity to the laws in regard to ordinary state, city, county or town elections, thirty days' notice first having been given, by publication in at least one newspaper in the county and six public notices, printed or written, having been posted in six of the most public places therein, during the time above named; and returns to be made in the usual way-at which election a majority of the legal voters voting on the question shall have voted in favor of said subscription; and, to this end, the county court, board of supervisors, city council, town trustees, or other legal and proper authority may, from time to time, order collections, specifying the amount proposed to be subscribed. And such city, town, village or county, is hereby authorized and required to issue and levy a sufficient tax to pay the Interest accruing on such bonds, as expressed in the coupons thereto attached, and the principal of the same when due; which tax shall be assessed, levied and collected in the same manner as other taxes are by law required to be assessed, levied and collected. 27, 1869. Counties authorized to take ock. take stock. 2. Any town under township organization, on or Organized near the line of the said railroad, may also subscribe to the townships may capital stock of said company, in any sum not exceeding fifty thousand dollars. But no such subscription shall be made until the question has been submitted to the legal voters of the town in which the subscription is proposed to be made; and the clerk of each of said towns is hereby required, upon the presentation of a petition, signed by at least ten citizens, who are legal voters and tax payers of the township for which he is clerk, in which petition the amount proposed to be subscribed shall be stated, to post up notices in at least six of the most public places in said Question sub- town, which notices shall be posted not less than thirty mitted to legal days before the day of holding such election, notifying the legal voters of said township to meet at the usual places of voting in said township for the purpose of voting for or against such subscription, which election shall be held and conducted in the manner provided by law for the election of town officers. voters. Duty of supervisor. clerk. § 3. If it shall appear that a majority of all voters voting on that question have voted "For subscription" it shall be the duty of the supervisor of each of said townships, respectively, that shall vote for such subscription, to subscribe to the capital stock of said railroad company, in the name of the township for which he is supervisor, the amount so voted to be subscribed, and to receive from said company the proper certificates therefor; he shall, also, execute and deliver to said company, in the name of said township, bonds, bearing interest not exceeding ten per centum, per annum, with interest coupons attached, which bonds shall run for a term not exceeding thirty years, and the interest on the same shall be made payable annually, and which bonds shall be attested by the clerk of the township in whose name of which the bonds are issued, and it shall be his duty to make a record of the issuing of said bonds, the number thereof respectively, and the amount of each bond so issued, and shall certify a correct copy or record thereof to the county clerk of the county, to be by him recorded as hereinafter provided for. Duties of the 4. It shall be the duty of the clerk of each of said townships in which a vote shall have been given for subscription, within ten days thereafter, to transmit to the county clerk of the county a transcript or statement of the votes given and the amounts to be subscribed to said railroad, and the rate of interest named in the bonds, which shall be filed and recorded in the office of said county clerk, for which said county clerk shall be entitled to a fee not exceeding the fees for recording papers in the settlement of estates of decedents. Supervisor may issue bonds § 5. Should any township vote to donate a certain amount to said corporation, it shall then be the duty of the supervisor thereof to issue bonds to said corporation, as provided in section three of this act; and it shall be the duty of the town clerk of any town voting to donate towards the construction of said road, to notify the county clerk, as before provided, of amount of bonds so issued, date, rate of interest, and numbers to which shall be recorded in like manner in his office, as provided for in section three. of county clerk. § 6. It shall be the duty of the county clerk, whenever Further duties any county bonds and interest thereon, issued by any county in pursuance of the provisions of this act, shall be paid in full, to take up and cancel said bonds, and file the same in his office; and whenever the bonds and interest thereon issued by any city, town, township or village, shall be wholly paid, it shall be the duty of the city or town clerk to cancel the said bonds and file the same in the of fice of the said county clerk; and said county clerk shall thereafter cease to levy and compute upon the tax books of any such county, city, town, township or village, any taxes, for the purposes of paying said bonds or any interest there on. ty treasurers. 87 It shall be the duty of the treasurer of such coun- Dutles of counties in which cities, towns, townships or villages have voted and subscribed for stock in said railroad company, or made stock donations thereto, to pay out, on the presentation to him the bonds or coupons issued by any county, city, township or village, as aforesaid, the amount due upon said bonds and coupons, out of any moneys in his hands for that purpose, and take up any such bonds and coupons he may pay, which shall be held and treated as vouchers in his behalf in any statement he may have with said county, cities, towns, townships or villages so subscribing in pursuance of this act. Said treasurer shall also be required to keep an account with each city, town, township or village, of all moneys received by him and paid out on account of the same, which account shall be at all times open to inspection; and said treasurer shall receive as fees for the same the percentages allowed him by law for the disbursement of the county funds. 8. At all annual elections of said railroad company, for directors, and upon all questions voted on by the stockholders of said company, the supervisors of the townships, the mayors of the cities, trustees of towns and villages, which may subscribe to the stock of said company, as aforeresaid, shall represent and cast the votes which said stock is entitled to, in person or by proxy, in that behalf. § 9. This act shall be deemed a public act, and shall take effect and be in full force from and after its passage. APPROVED March 27, 1869. Who author ized to cast vote. |