any number thereof, issue in place or in lieu thereof, to the holders or owners of the same, new bonds or other evidences of indebtedness, in such form, for such amount, upon such time, not exceeding the term of twenty years, and drawing such rate of interest as may be agreed upon with such holders or owners: Provided, such new bonds or other evidences of evidences, shall not be for a greater sum than the principal sum or sums named in such original bonds or other evidences of indebtedness, nor bear a greater rate of interest than the rate represented in the original bonds or other evidences of indebtedness; and such bonds or other evidences of indebtedness, so issued, shall show on their face that they are issued under this act: And, be it further provided, that the issue of such new bonds in lieu of such indebtedness, shall be authorized by a vote of a majority of the legal voters of such county, city, township, school district or other municipal corporation, voting either at some annual or special election of such municipal corporation. 2. Whereas some counties, cities, townships and other Emergency. municipal corporations in this state, have outstanding bonds and other evidences of indebtedness that will soon fall due, and are without any remedy for renewing or funding the same, therefore this act shall be in force from and after its passage. APPROVED March 26, 1872. 1872. AN ACT to require state and county treasurers to deliver up bonds and In force July 1, coupons issued in aid of railroad or other corporations, which have been paid, to any person or persons who may be authorized by any county, town or city to receive the same. account money. for SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the Treasurers to treasurer of state, and all county treasurers in the state, at whose office any county, town or city bonds or coupons are made payable by law, which have been issued in aid of any railroad or other corporation or in payment of the stock of any such railroad or other corporation in this state, shall, at least once in each year, after this act shall be in force, if so requested by the proper authorities of any such county, town or city, account to and with any person designated by any such county, town or city, for any and all money that may have come to his or their hands for the payment of any bonds or coupons, so issued as aforesaid, and shall, upon such accounting, deliver up to such person so designated by any of the counties, towns or cities aforesaid, any and all bonds or coupons that he or they may have fully Fees for collecting. paid off and discharged out of the money coming into their hands for such purpose, and to take a voucher for all such bonds or coupons so delivered. 2. There shall be allowed and paid out to the county treasurers, and to the county, town and city collectors for collecting, receiving and paying out any and all taxes levied for the payment of any such bonds or coupons or interest on the same, the amount of one-half per centum, as fees for such service, and no more, for such amount so paid out: Provided, if any of the above officers are now or may be hereafter paid a salary for the performance of these duties, then they shall not be paid any other compensation what soever. § 3. All laws in conflict with this act are hereby repealed. APPROVED March 7, 1872. In force Feb. 23, AN ACT to enable counties having over one hundred thousand inhabitants to issue bonds and borrow money for county purposes. 1872. may issue bonds SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the Commissioners board of commissioners of counties containing over one hundred thousand inhabitants may, in their discretion, by a two-thirds vote, for the purpose of erecting a court house on the site heretofore used for that purpose, and a jail, and other necessary public buildings for the use of said county, at such points and places as may be selected by said board, and for the purpose of funding the floating debt of said county, and to provide for the restoration and perpetuation of the public records, issue the bonds of said county from time to time, as the same may be required, to an amount not exceeding in the aggregate the sum of fifteen hundred thousand dollars, to bear interest not exceeding seven per centum per annum, payable semi-annually: Provided, that the issuing of said bonds is hereby limited by the constitutional limitation, which limits the amount of indebtedness, including that then existing, to five per centum on the value of the taxable property in the county, to be ascertained by the last assessment for state and county taxes previous to the incurring of such indebtedness, the principal and interest of said bonds to be made payable at such time or times, not exceeding twenty years from the date thereof, and at such place or places as such board shall designate. And the said board may authorize said bonds to be sold from time to time, at not less than their par value, and by a two-thirds vote of said board, they may be sold at less than par; the proceeds thereof to be paid into the county treasury, to be used as required for the purposes aforesaid. In what sums, § 2. The said bonds may be issued in such sums, not exceeding five thousand dollars each, as said board of com- coupons. missioners shall determine, and shall be signed by the chairman of said board and the clerk of the county court of said county, and shall be sealed with the seal of said county court, and registered by the treasurer of said county, and interest coupons may be attached thereto, signed by the treasurer of said county only. Taxes to be levied to pay $3. In case said board of commissioners shall issue and sell the bonds of said county, in pursuance thereof, they bones. shall, from time to time, as the same may be required, cause taxes to be levied upon the taxable property within the limits of said county, for the payment of the principal and interest of said bonds, as the same shall become due and payable-which taxes shall be collected as other county taxes, and when collected shall be applied to the payment of said principal and interest. 4. Whereas by reason of the recent destruction by Emergency. fire of public buildings and other property, an emergency exists, requiring this act to take effect immediately therefore this act shall take effect and be in force from and after its passage. APPROVED February 23, 1872. BRIDGE COMPANIES. AN ACT for the incorporation of bridge companies. In force July 1, 1872. ming companies SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That any Manner of fornumber of persons, not less than ten, may form a company for the purpose of constructing and maintaining a bridge over any of the streams of water (or any part of such streams) situated within the state of Illinois, or upon the boundary thereof, for public use, for the crossing of persons or property, and for that purpose may make, sign and ac. knowledge before any officer authorized to take acknowledg ments, articles of association, in which shall be stated the name of the company, the number of years the same is to continue, the place at which the said bridge is to be constructed, the name or names of the county or counties in which it is intended to be made, the purpose for which it is to be used, whether for railroads or ordinary travel, or both, the amount of the capital stock of the company, the number of shares of said stock, the names and places of residences Lands for use of company. May issue bonds managers. of the directors of said company, not less than five nor more than thirteen in number, who shall manage its affairs for the first year, and until others are chosen in their place. Such articles of association shall also state the residence of each subscriber, and the number of shares he has agreed to subscribe for, Such articles of association shall be filed in the office of the secretary of state, who shall indorse thereon the date when the same was filed, and record the same in a book to be provided by him for that purpose, and, thereupon, the persons who have so subscribed such articles of association, and all persons who shall become stockholders in such company, shall be a corporation by the name specified in such articles of association, and shall possess the powers and privileges incident to such corporations. § 2. In case it may become necessary to appropriate any lands belonging to private persons or to corporations, to the use of said company, and the owners of said property cannot agree with the said company upon the proper compensation to be paid, or in case the owner is incapable of contracting, unknown or a non-resident of the state, said property shall be taken by said company in such manner as may be provided by the laws of the state of Illinois for the taking of private property for public or corporate purposes. § 3. Any company organized under this act shall have the right to issue bonds, or other evidences of indebtedness, negotiate loans for the construction of said bridge, secure such indebtedness by deed of trust, or mortgage on the property of said company, and may have the power to consolidate its franchise and property, in the manner provided by general law, with that of any bridge company within the state, or with that of any bridge company organized under the laws of an adjoining state, and may exercise any other rights and powers incident to such corporations which may be necessary to carry out the objects contemplated in such organization. Trustees and § 4. The trustees, managers or directors of such corporation shall be elected and classified in the manner provided by law for the election and classification of the trustees, managers or directors of incorporated companies, and at least one-third of such directors shall be citizens of this state. APPROVED April 10, 1872. AN ACT in relation to bridges across rivers on the borders of this state. SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That each and every corporation created by the laws of this state prior to the adoption of the new constitution, for the purpose of building bridges across the Mississippi river or other navigable streams on the borders of this state, and which shall have commenced, but shall have failed to complete the construction of its bridge within the time limited in its charter, be and the same is hereby allowed, and is invested with full power and authority to proceed in the construction of its said bridge, and complete the same, anything in its charter to the contrary notwithstanding: Provided, however, that the same shall be constructed and completed within ten years from and after the passage of this act: And, provided, further, that such corporation shall have been organized and been in operation within ten days from the time the new constitution took effect. APPROVED March 19, 1872. In force July 1, 1872. BRIDGES. AN ACT to provide for the erection and maintenance of bridges by two or In force March more towns. 29, 1872. Petition for SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly, That whenever the supervisors of two or more towns, in counties erection. organized under the township organization law, shall be petitioned by twelve legal voters who are freeholders residing within each town, praying for the erection and maintenance of a bridge in either or any of such towne, in which petition shall be designated the place where the same shall be constructed, it shall be the duty of such supervisors to make an estimate of the expense which may be incurred in the erection of such bridge, and to agree among themselves as to what proportion of such expense it would be equitable and just that each of such towns should bear and sustain in the erection of such bridge. 2. In case the supervisors can so agree, it shall be their Supervisors to duty to make out, in writing, such estimate of the total estimate cost. expense of building such bridge, as in the petition set forth, and general character of such proposed bridge, and the pro |