§ 20. A certificate is indorsed when an assignment or a power of attorney to sell, assign, or transfer the certificate or the shares represented thereby is written on the certificate and signed by the person appearing by the certificate to be the owner of the shares rpresented thereby, or when the signature of such person is written without more upon the back of the certificate. In any of such cases a certificate is indorsed, though it has not been delivered.

§ 21. The person to whom a certificate was originally issued is the person appearing by the certificate to be the owner thereof, and of the shares represented thereby, until and unless he indorses the certificate to another specified person, and thereupon such other specified person is the person appearing by the certificate to be the owner thereof until and unlss he also indorses the certificate to another specified person. Subsequent special indorsements may be made with like effect.

§ 22. (1) In this Act, unless the context or subject matter otherwise requires

"Certificate" means a certificate of stock in a corporation organized under the laws of this State or of another state whose laws are consistent with this Act.

"Delivery" means voluntary transfer of possession from one person to another.

"Person" includes a corporation or partnership or two or more persons having a joint or common interest.

To "purchase" includes to take as mortgagee or as pledgee.
"Purchaser" includes mortgagee and pledgee.

"Shares" means a share or shares of stock in a corporation organized under the laws of this State or of another state whose laws are consistent with this Act.

"State" includes state, territory, district and insular possessions of the United States.

"Transfer" means transfer of legal title.

"Title" means legal title and does not include a merely equitable or beneficial ownership or interest.

"Value" is any consideration sufficient to support a simple contract. An antecedent or pre-existing obligation, whether for money or not. constitutes value where a certificate is taken either in satisfaction thereof or as security therefor.

(2) A thing is done "in good faith" within the meaning of this Act, when it is in fact done honestly, whether it be done negligently or not.

§ 23. The provisions of this Act apply only to certificates issued after the taking effect of this Act.

§ 24. All Acts or parts of Acts inconsistent with this Act are hereby repealed.

§ 25. This Act may be cited as the Uniform Stock Transfer Act. FILED June 28, 1917.

This bill having remained with the Governor ten days, Sundays excepted, the General Assembly being in session, it has thereby become a law. Witness my hand this twenty-eighth day of June, A. D. 1917. LOUIS L. EMMERSON, Secretary of State.

COUNTIES.

BONDS FOR CONSTRUCTION OF PUBLIC ROADS LEGALIZED.

§ 1. Legalizes issues of county bonds § 2. Emergency.

voted for construction of public
roads and abates pending suits.

(HOUSE BILL No. 116. APPROVED MARCH 24, 1917.)

AN ACT to legalize and make valid county bonds voted for the purpose of constructing and improving public roads, and to confer upon the proper county boards full power and authority to issue any such bonds.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That in all cases where, at any election heretofore called by the county board of any county in this State, a proposition to issue the bonds of such county for the purpose of constructing and improving public roads therein has been submitted to the legal voters of such county and a majority of the legal voters voting at such election on such proposition have voted in favor thereof, each such election heretofore held is hereby made legal and valid and sufficient to authorize the county board to issue such bonds and any bonds hereafter issued by the county board of each such county, in pursuance of any such election, are hereby made the legal, valid and binding obligations of such county, and full power and authority is hereby given to and conferred upon the county board of each such county to issue the bonds so voted, notwithstanding any objection which, except for the passage of 'this Act, could have been made to the power of the county board in the premises, or to the legality of such bonds, or to such bond election, or to any proceedings pertinent thereunto, or to the taxes levied or to be levied for the payment of principal of and interest on such bonds and any and all suits now pending in any of the courts of this State attacking the legality of any such bonds or bond elections, or any proceedings pertinent to such bonds, or enjoining the issuing of such bonds, or the levying of such taxes, are hereby abated.

§ 2. WHEREAS, an emergency exists, therefore, this Act shall be in full force and effect from and after its passage and approval. APPROVED March 24, 1917.

TAX LEVY IN ADDITION TO CONSTITUTIONAL LIMIT.
§ 272. Emergency.

§ 1. Amends section 27, Act of 1874 as
subsequently amended.

§ 27. As amended, provides
when it is necessary to
raise a tax in addition
to the constitutional
limit the county board
may submit the ques-
tion of issuing bonds
and voting a tax at
any election for town-
ship officers or at a
special election called
for that purpose.

(SENATE BILL NO. 2. APPROVED MARCH 8, 1917.)

AN ACT to amend section 27 of "An Act to revise the law in relation to counties," approved and in force March 31, 1874, as amended by subsequent Acts, and to add thereto section 271/2.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That section 27 of an Act entitled "An Act to revise the law in relation to counties" approved and in force March 31, 1874, as amended by subsequent Acts be and hereby is amended so as to read as follows:

§ 27. Whenever the county board shall deem it necessary to assess taxes the aggregate of which shall exceed the rate of seventy-five cents per one hundred dollars valuation of the property of the county, except when such excess is to be used for the payment of indebtedness existing at the adoption of the Constitution, the county board may, by an order entered of record, set forth substantially the amount of such excess required, the purpose for which the same will be required, and the number of years such excess will be required to be levied, and if for the payment of interest or principal or both upon bonds shall, in a general way designate the bonds and specify the number of years such excess will be required to be levied, and provide for the submission of the question of assessing the additional rate required to a vote of the people of the county at the next election for county officers or at any judicial election held in such county after the adoption of the resolution.

Provided if such additional rate required is for the purpose of building a court house or any other public building for the county, a special election may be held for such purpose, and it shall be the duty of the county clerk in his election notice to give notice of such submission. The votes therefor shall be "For additional tax," and those against shall be "Against additional tax." The votes shall be canvassed and returned the same as those for county officers, and if a majority of the votes cast upon the question are "for additional tax," then the county board shall have the power to cause such additional tax to be levied and collected in accordance with the terms of such resolution, and the money so collected shall be kept as a separate fund and disbursed only for the purpose for which the same was raised.

Provided, any surplus that may remain after the payment of all demands against said fund, may be used for other purposes, (as amended by Act approved and in force May 14, 1909.) and be it further provided

hat if the county board so decides, the question of voting bonds and additional tax for the payment of interest or principal, or both, may be Submitted at any election for township officers, or at a special election, called for such purpose.

§ 272. WHEREAS an emergency exists, this Act shall be enforced [in force] from and after the date of its passage. APPROVED March 8, 1917.

COURTS.

APPELLATE COURTS-SECRETARY TO JUDGE.

§ 1. Amends sections 1 and 2, Act of 1899.

§ 2. As amended, fixes compen

sation of clerk.

§ 1. As amended, provides Cir-
cuit and Superior Court
judges assigned to duty
in the Appellate Court
shall be allowed a clerk
who shall be a licensed
attorney.

(HOUSE BILL No. 707. APPROVED JUNE 14, 1917.)

AN ACT to amend sections one (1) and two (2) of an Act entitled, “An Act to provide for the appointment of one clerk for each of the judges for each Appellate Court and to fix the salary of such clerks," approved April 17, 1899, in force July 1, 1899.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That sections one (1) and two (2) of an Act entitled, "An Act to provide for the appointment of one clerk for each of the judges for each Appellate Court and to fix the salary of such clerks," approved April 17, 1899, in force July 1, 1899, be and the same are hereby amended to read as follows:

§ 1. Circuit and Superior Court judges who are duly assigned to duty as judges in any of the districts or branches of the Appellate Court of this State, and who are actually performing such duty, shall be allowed a clerk for each of said judges, to be appointed by them respectively, such appointment to be made in writing, which said writing shall be filed with the Auditor of the State. Each clerk so appointed shall be a licensed attorney of the State of Illinois.

§ 2. Said clerk shall receive as full compensation a salary of two thousand dollars ($2,000), per annum, payable monthly on the warrant of said Auditor out of any money in the treasury not otherwise appropriated.

APPROVED June 14, 1917.

CIRCUIT COURTS-TERMS IN SECOND CIRCUIT.

§ 1. Amends section 3, Act of 1915.

§ 3. As amended, prescribes reg-
ulations for the calling of
grand juries.

(HOUSE BILL No. 758.

§ 2. Emergency.

APPROVED JUNE 11, 1917.)

AN ACT to amend an Act entitled, "An Act to revise the law concerning the time of holding the terms of Circuit Court and of the calling of juries in the several judicial circuits, exclusive of Cook County," approved June 23, 1915, in force July 1, 1915, by amending section 3 thereof.

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 revise the law concerning the time of holding the terms of Circuit Court and of the calling of juries in the several judicial circuits, exclusive of Cook County," approved June 23, 1915, in force July 1, 1915, be and is hereby amended by amending section 3 thereof to read as follows:

§ 3. (Second Circuit). In the county of Hardin on the fourth Monday of March, the second Mondays of July and November, provided that there shall be no grand or traverse jury summoned for the July term of said court unless by special order of the judge of said court, which order may be made either in term time or in vacation; in the county of Gallatin on the first Mondays of April, June and October, provided that there shall be no grand or traverse jury summoned for said June term of said court unless by special order of the judge of said court, which order may be made either in term time or in vacation; in the county of White on the third Monday in January and the second Mondays of May and October, provided, that there shall be no grand or traverse jury summoned for said January term of said court unless by special order of the judge of said court, which order may be made either in term time or in vacation; in the county of Hamilton on the fourth Mondays of February and September; in the county of Franklin on the first Monday of February, the fourth Monday of May, the second Monday of September and the fourth Monday of November, provided, that no grand jury or traverse jury shall be summoned for said February and September terms unless so ordered by the court, which order may be made either in term time or in vacation; in the county of Wabash on the third Mondays of April and November; in the county of Edwards, on the second Mondays of April and November; in the county of Wayne on the third Mondays in January, March, June and October; in the county of Jefferson on the second Mondays of January, April, July and October, provided that there shall be no jury summoned for the July term of court in said county, unless by special order of the judge of said court, which order may be made either in term time or in vacation; in the county of Richland on the third Mondays of April, July and November, provided that no jury shall be impaneled for the July term unless by special order of the judge of said court, which order may be made either in term time or in vacation; in the county of Lawrence on the first Mondays of May, October and February, provided that no jury