History, 1838–1856, volume C-1 [2 November 1838–31 July 1842]

  • Source Note
  • Historical Introduction
Page 1168
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<​February 27​> The Stock, property and concerns of said corporation shall be managed by twenty trustees, who shall be stockholders of said Corporation, any five of whom to be designated by a majority of the Trustees, shall form a quorum for the transaction of all ordinary business of said Corporation, the election of which Trustees shall be annual. The first mentioned twenty persons, whose names are recited in the first section of this act, shall be the first trustees of said corporation, and shall hold their offices until the first Monday in September A.D. 1841, and until others shall be elected in their places. Sec. 8. The Trustees of said corporation for every subsequent year, shall be elected on the first Monday of September in each and every year, at such place as the Trustees for the time being shall appoint, and of which election they shall give at least fifteen days previous notice by advertisement in some Newspaper in or near the City of ; at every election of Trustees, each stockholder shall be entitled to one vote on each share of stock owned by him, Provided that no Stock holder shall be entitled to more than twenty votes, and said Stockholders may vote either in person or by proxy. The election for Trustees shall be conducted in such manner as shall be pointed out by the bye laws of said Corporation, and whenever a vacancy shall happen by death, resignation or otherwise among the Trustees, the remaining trustees shall have power to fill such vacancy, until the next general election for trustees. Sec 9. The Trustees of said corporation as soon as may be after their appointment or election under this act, shall proceed to elect [HC 4:304] out of their number a President, Treasurer, and Secretary, who shall respectively hold their offices during one year, and until others shall be elected to fill their places, and whose duties shall be defined and prescribed by the by-laws of the corporation; and said trustees shall also appoint such agents and other persons as may be necessary to conduct the proper business, and accomplish the declared objects of said corporation, and shall likewise have power to fill any vacancy occasioned by the death, resignation or removal of any officer of said Corporation. Sec. 10 This act shall be construed as a public act and continue in force for the period of twenty years. And the trustees apponted under the provisions of this act, shall hold their first meeting at the city of on the first monday of April. A. D. 1841.
Wm. L. D. Ewing— Speaker of the House of Representatives.
S. H. Anderson— Speaker of the Senate.
Approved Feb. 27. 1841.
.
State of )<​Ss​>
Office of Secretary of State)
I Lyman Trumbull Secretary of State, do hereby certify the foregoing to be a true and perfect copy of the enrolled law on file in my office— Given under my hand and seal of State, , March 10. 1841.
<​(L.S)​> . Secretary of State. [p. 1168]
February 27 The Stock, property and concerns of said corporation shall be managed by twenty trustees, who shall be stockholders of said Corporation, any five of whom to be designated by a majority of the Trustees, shall form a quorum for the transaction of all ordinary business of said Corporation, the election of which Trustees shall be annual. The first mentioned twenty persons, whose names are recited in the first section of this act, shall be the first trustees of said corporation, and shall hold their offices until the first Monday in September A.D. 1841, and until others shall be elected in their places. Sec. 8. The Trustees of said corporation for every subsequent year, shall be elected on the first Monday of September in each and every year, at such place as the Trustees for the time being shall appoint, and of which election they shall give at least fifteen days previous notice by advertisement in some Newspaper in or near the City of ; at every election of Trustees, each stockholder shall be entitled to one vote on each share of stock owned by him, Provided that no Stock holder shall be entitled to more than twenty votes, and said Stockholders may vote either in person or by proxy. The election for Trustees shall be conducted in such manner as shall be pointed out by the bye laws of said Corporation, and whenever a vacancy shall happen by death, resignation or otherwise among the Trustees, the remaining trustees shall have power to fill such vacancy, until the next general election for trustees. Sec 9. The Trustees of said corporation as soon as may be after their appointment or election under this act, shall proceed to elect [HC 4:304] out of their number a President, Treasurer, and Secretary, who shall respectively hold their offices during one year, and until others shall be elected to fill their places, and whose duties shall be defined and prescribed by the by-laws of the corporation; and said trustees shall also appoint such agents and other persons as may be necessary to conduct the proper business, and accomplish the declared objects of said corporation, and shall likewise have power to fill any vacancy occasioned by the death, resignation or removal of any officer of said Corporation. Sec. 10 This act shall be construed as a public act and continue in force for the period of twenty years. And the trustees apponted under the provisions of this act, shall hold their first meeting at the city of on the first monday of April. A. D. 1841.
Wm. L. D. Ewing— Speaker of the House of Representatives.
S. H. Anderson— Speaker of the Senate.
Approved Feb. 27. 1841.
.
State of )Ss
Office of Secretary of State)
I Lyman Trumbull Secretary of State, do hereby certify the foregoing to be a true and perfect copy of the enrolled law on file in my office— Given under my hand and seal of State, , March 10. 1841.
(L.S) . Secretary of State. [p. 1168]
Page 1168