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A Bill for an Act Supplemental to the Charter of the Springfield and Alton Turnpike Road Company.

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An act supplemental to the Charter of the Springfield and Alton Turnpike Road Company.

Sec. 1. Be it enacted by the People of the State of Illinois represented in the General Assembly, That the Springfield and Alton Turnpike Road Company be and they are hereby authorized to take and appropriate the work and materials upon so much of the railroad from Lower Alton via Upper Alton and Hillsborough to the Central Railroad as is already done and furnished and the continue along the line of said rail road from Lower Alton to the Central Railroad as far as they may deem proper and further to connect the turnpike on rail road contemplated in their charter with the Northern Cross Railroad many convenient points between Jacksonville and Springfield, and to use so much of the said road between Jacksonville and Springfield as they shall deem necessary free of any tolls or charges whatever in common with the State or any Company to which the same may be granted: Provided always that the State or Companies to whom the same may be granted shall have the free and full use and enjoyment of the aforesaid State works without cost or charge in common with the said Springfield and Alton Turnpike Road Company. And provided further that the said Springfield and Alton Turnpike Road Company shall enter into bond

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with sufficient security to the Governor conditioned for the faithful application of the materials aforesaid and for the efficient commencement of their said road within [blank] years and for the final completion of the same within [blank] years from and after the passage of this act.

Sec. 2. The Governor, upon the filing of such bond in an amount sufficient to cover all damages which may be sustained by the State, shall authorize the said Springfield and Alton Turnpike Road Company to have and take the materials aforesaid and use the same as herein directed.

Sec. 3. That the Proviso in the ninth section of the Act to which this is an amendment (and also so much of the first section of the said Act as authorizes the construction of the road from Alton "to a point on the Mississippi river opposite to St. Louis,") be and they are hereby repealed.

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Sec. 4. That any time after [blank] years from the completion of said Springfield and Alton Turnpike Road, or a Rail Road in lieu thereof as authorized in the charter of said Company, the State shall have the previlige of purchasing said road, by paying to said Company the original cost of said Road (exclusive of the value of its work and materials obtained from the stateas herein before provided) together with such a sum, by way of interest, as may, where added to the profits said Company may have received from said road, equal an annual interest of [blank] per cent on said original cost, in case said profits shall have fallen short of such annual rate per cent.

Sec. 5. That all acts and parts of acts inconsistent with the provisions of this act be and the same are hereby repealed.

Sec. 6. This act to take effect from and after its passage.

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Sec. 3. The Governor upon the filing a bond in the Amount sufficient to cover all damages which may be sustained by the State, shall authorize the said Springfield and Alton Turnpike Road Company have and tke the work and materials aforesaid, and use the same as hereby directed.

Sec. 4. That the proviso in the ninth section of this act to which this is an amendment be and the same is hereby repealed.

Sec. 5. That at any time after fifteen years from the Completion of said Springfield and Alton Turnpike Road, or a rail road in lieu thereof as authorized by the Charter of said company, the State shall have the privilege of purchasing said road by paying to said Company the original cost of said road, exclusive of the value of the work and materials obtained from the State as herein before provided together with such a sum by way of interest, as may, when added to the profits, the Company may have received from said road equal an annual interest of six per centum on said original coost in case said profits shall have fallen short of such annual rate of interest

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Sect. That Thomas G. Hawley, Benjamin K. Hart, Jonathan T. Hudson, Jeremiah A. Townsend, John W. Buffum, S. M. Tinsley, S. B. Opdycke, F. A. Olds and Cyrus Edwards shall be commissioners in connection with the present directors of said Springfield and Alton Turnpike Road Company, they duty of whom, or a majority of whom, shall be to open books in the City of Springfield and Alton or wheresoever they may deem proper, after giving such notice as is required by the original Charter of said Company to receive subscriptions for a sufficient amount of stock in said Company over and above the present Capital Stock, as will enable said Company without delay, to proceed to complete said road; and the said Commissioners are further Authorized to receive subscriptions for so much of the original capital stock of said company as has been previously subscribed for, and on which no part of the subscription money or any instalments have been, bona fide paid.

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Sec. 5. That all acts and parts of act, inconsistent with the provision of this act be and the same are hereby repealed.

Sec. 6. This act to take effect from and after its passage.