March 1, 1867: AN ACT to incorporate the McDonough Normal and Scientific College.
Section 1. Be it enacted by the People of the State of Illinois represented in the General Assembly, That Frederick Cruser, Solomon Kious, Amaziah Hanson, James Manley, D. R. Hamilton, Alexander Blackburn, Beverley R. Westfall, Jonathan H. Baker, Crosby F. Wheat, Joseph C. Thompson, Charles Chandler, Daniel Branch and William E. Withrow and their successors, be and they are hereby created a body politic and corporate, to be styled and known by the name of the ” Trustees of the McDonough Normal and Scientific College,” and by that style and name to have perpetual succession, with power to contract with, sue and be sued, plead and be impleaded, to acquire, hold, use and convey property, real, personal and mixed, to use a common seal, and the same to alter and change at pleasure ; to make and alter by-laws for the government of the same.
§ 2. The number of trustees shall never exceed twenty, exclusive of the president, who shall, ex- officio, be a member of the board. Five of the trustees shall constitute a quorum to transact business. The above named incorporators shall constitute the board of trustees until others are elected by the stockholders, at such time and place as may be fixed by the board of trustees, and shall have power to fill all vacancies in the board occasioned by death or otherwise.
Officers. §3. The officers of the board shall consist of a president, secretary and treasurer. The treasurer or any other officer, may be required to give bond and security for the faithful discharge of the duties required of them, by the board. The president shall not vote except in the case of a tie, when he shall give the casting vote. The appointment of said president, secretary and treasurer, shall be by the trustees-
Time and place § 4. The trustees shall hold their first meeting at the of city of Macomb, within four months from the passage of this act, they shall have the power to lease or erect the necessary buildings, to appoint a president, professor and teachers, any other agents and officers, to confer degrees in the liberal arts and sciences, and grant diplomas therefor; to prescribe and regulate the course of studies, to purchase books, chemical and philosophical, and other suitable means of instruction.
Stock. § 5. The stock of said corporation shall consist of shares of ‘fifty dollars each, to be subscribed for in the manner that the trustees shall direct, and which shall be deemed personal property, and shall be transferable on the books of said corporation in such manner as the board of trustees may prescribe, and each stockholder so constituted shall be entitled to a vote for each and every share upon all business conferred upon them by the corporation.
§ 6. The lands, lots, buildings, library, chemical, philosophical or other apparatus, belonging to said corporation, taxation. and used for school purposes, not exceeding in value the sum of twenty thousand dollars, is, and the same shall be forever exempt from taxation for state, county or corporate purposes ; and also exempt from execution for other than debts or demands against said corporation in its corporate capacity and liabilities.
§ 7, The college shall be permanently located within the Location. city of Macomb, McDonough county, Illinois, on such ground as the trustees may deem best. The president with the concurrence of two of the trustees or any three of the trustees, shall have power to call a special meeting of the board. Said institution shall be entitled to a suit of the specimens which have been or may be collected under the “Specimens” fourth section of an act for a geological and mineralogical survey of the state, approved February 17th, 1851, and the several amendments thereto,
§ 8. This act shall take effect and be in force from after its passage.
Approved March 1, 1867.
Laws of the State of Illinois (1867)