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LAWS

OF THE

STATE OF ILLINOIS,

PASSED BY THE

SEVENTEENTH GENERAL ASSEMBLY,

AT ITS

SECOND SESSION,

COMMENCING JUNE 7, 1852.

SPRINGFIELD:
LANPHIER & WALKER, PRINTERS.

1852.

L19056

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AN ACT supplemental to an act entitled "An act to incorporate the North- In force June 11, en Cross Railroad Company," approved February 10, 1349.

1852.

money.

SECTION 1. Be it enacted by the people of the State of Illinois, represented in the General Assembly, That the Northern Cross Railroad company shall have power to bor- Power to borrow row money, on the credit of the corporation, not exceeding its authorized capital stock, at a rate of interest not exceeding ten per cent. per annum, pavable semi-annually, and may execute bon is therefor, with interest coupons thereto annexed, and secure the payment of the same by mortgage or deed of trust on the whole or any part of the road, property and income of the company then existing or thereafter to be acquired, and may annex to such mortgage- bonds the privilege of converting the same into the capital stock of the company, at par, at the option of such holders, if such clection be signifie 1, in writing, to the company three years before the maturity of said bon Is.

§ 2. That the directors of said company be and they are sale of bond. hereby authorized to negotiate and sell the bonds of said company at such times and at such places, either within or without this state, and at such rates and for such prices as in their opinion will best advance the interests of the company. And if such bonds are thus negotiated or sold at a discount below their par value, such sale and disposition thereof shall be as valid and binding on the company in every respect as if they were sold or disposed of at their par value.

§3. That the said company, in securing the payment of Security for loam. the said bonds by a mortgage or deed of trust on the road, property and income of the company, shall have power to execute a mortgage or deed of trust aforesaid, to secure the

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