Page images
PDF
EPUB

CORPORATE POWERS.

§ 1. Amends section 9, Act of 1919.

1. Corporate powers Real
estate-Branch banks.

(HOUSE BILL No. 616.

§ 2. Submission to voters.

APPROVED JUNE 28, 1923.)

AN ACT to amend section 9 of "An Act to revise the law with relation to banks and banking," approved June 23, 1919, and to provide for submission of this amendment to the vote of the people of this State. Be it enacted by the People of the State of Illinois, represented in the General Assembly:

SECTION 1. Section 9 of "An Act to revise the law with relation to banks and banking," approved June 23, 1919, is amended to read as follows:

§ 9. Associations organized under this Act shall be bodies corporate and politic for the period for which they may be organized. may sue and be sued, may have a common seal which they may alter or renew at pleasure, may own, possess and may carry as assets the real estate necessary in which to do its banking business, and such other real estate to which it may obtain title in the collection of its debts. but shall not carry in its assets any real estate except its banking house for he period of more than five years after acquiring title to the same.

No bank shall establish or maintain more than one banking house, or receive deposits, or pay checks at any other place than such house; and no bank shall establish or maintain any branch bank, branch office or additional office or agency for the purpose of conducting any of its business.

§ 2. The Secretary of State shall submit this Act to a vote of the people for their ratification, according to section 5 of Article XI of the Constitution of this State, at the general election to be held on Tuesday next after the first Monday of November, 1924. The Act shall be submitted on a separate ballot substantially in the following form:

(Banking Amendment Ballot)

Shall an Act of the General Assembly of Illinois entitled, "An Act to amend section 9 of 'An Act to revise the law with relation to banks and banking' approved June 23, 1919," which, in substance prohibits branch banks, go into full force and effect?

Yes

No

At least three months prior to such election, this amendatory Act shall be published in full by the Secretary of State in a newspaper published in the city of Springfield and one in the city of Chicago, together with a statement to the effect that it will be submitted for ratification at such election.

In all respects the provisions of the general election laws relating to the giving of notice of election, printing of ballots, holding of elec

tions, ascertaining and declaring the results shall in so far as applicable govern the submission of this Act.

If this Act is approved by a majority of the votes cast at such election for or against it, the Governor shall thereupon issue his procla mation that this Act is in full force and effect.

[blocks in formation]

AN ACT to amend sections 12 and 13 of “An Act to regulate the pursuit of the business art and avocation of a barber, and to insure the better qualifications of persons following such business in the State of Illinois," approved June 10, 1909.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

SECTION 1. Sections 12 and 13 of "An Act to regulate the pursuit of the business art and avocation of a barber, and to insure the better qualifications of persons following such business in the State of Illinois," approved June 10, 1909, are amended to read as follows:

§ 12. To shave or trim the bear or cut the hair, to give facial and scalp massaging, facial and scalp treatments with oils and creams and other preparations made for this purpose, either by hand or by mechanical appliances, to singe and shampoo the hair or apply any person performing such service or any other person shall be construed as practicing the occupation of barber within the meaning of this Act; provided, however, that nothing contained in this Act shall be construed to include so-called beauty shops or hairdressing parlors patronized by women, except as to the cutting of hair.

§ 13. Any person practicing the occupation of barber in this State without having obtained a certificate of registration, as provided by this. Act, or wilfully employing a barber who has not such a certificate, or falsely pretending to be qualified to practice such occupation under this Act, or violating any of the provisions of this Act, is guilty of a misdemeanor, and upon conviction thereof shall be punished by a fine of not less than ten (10) dollars nor more than one hundred (100) dollars or by imprisonment in the county jail not less than ten (10) days nor more than ninety (90) days. All fines under this Act shall be paid to the Department of Registration and Education.

APPROVED June 9, 1923.

[blocks in formation]

(SENATE BILL No. 509. APPROVED JUNE 30, 1923.)

AN ACT to authorize the lease of the Illinois and Michigan Canal and its right of way, or any portion thereof, between the city of Joliet in the county of Will and its connection with the Chicago River in the city of Chicago in the county of Cook, State of Illinois.

WHEREAS, Pursuant to an amendment to the Constitution of the State of Illinois ratified by a vote of the People of the State of Illinois on November 3, 1908 and proclaimed adopted on November 24, 1908, the General Assembly by an Act approved on the 17th day of June, 1919, entitled "An Act in relation to the construction, operation and maintenance of a deep waterway from the water power plant of the Sanitary District of Chicago at or near Lockport to a point in the Illinois River at or near Utica, and for the development and utilization. of the water power thereof," the Department of Public Works and Buildings of the State of Illinois was authorized to lay out and establish a waterway to be known as "The Illinois Waterway" to extend between the two points above mentioned and by an Act of the General Assembly approved June 17, 1919. entitled "An Act authorizing the issuance of bonds of the State of Illinois for the construction of "The Illinois Waterway', including the erection and equipment of power plants, locks, bridges, dams and appliances, and providing for the payment thereof," the Governor and Secretary of State were authorized to issue bonds of the State of Illinois to the amount of twenty million dollars ($20,000,000) for the purpose of constructing said waterway; and

WHEREAS, By the construction of the Chicago Sanitary District channel, the Chicago River and Lake Michigan have been connected with the said Illinois waterway at Joliet; and

WHEREAS, Such connecting Chicago Sanitary District channel provides a superior channel to that heretofore existing by virtue of the Illinois and Michigan Canal traversing the same territory; and

WHEREAS, The portion of the Illinois and Michigan Canal heretofore connecting the Chicago River and Lake Michigan with said canal at Joliet is no longer required for the purpose of navigation and water transportation between Chicago and Joliet; and

WHEREAS, It is desirable to use the channel and the right of way of said Illinois and Michigan Canal for the development of terminals, interchange of freight between rail and water in connection with navigation on the Great Lakes, and the transportation of commodities over the Illinois Waterway to the Gulf of Mexico and intermediate points; and

CANALS AND WATERWAY IMPROVEMENTS

167

WHEREAS, The said Illinois and Michigan Canal and the right of way of said canal between Chicago and Joliet may be leased and utilized for the purpose of returning a substantial revenue to the State of Illinois; Now, Therefore,

Be it enacted by the People of the State of Illinois represented in the General Assembly:

SECTION 1. That the Department of Public Works and Buildings of the State of Illinois be and said Department is hereby authorized by and with the consent and approval of the Governor of the State to lease and utilize all or any portion of said Illinois and Michigan Canal and its right of way no longer required for purposes of navigation between the city of Joliet in the county of Will and the Chicago River in the county of Cook, in the State of Illinois, upon the following specific terms and conditions:

(1) Preference shall be given to leases for the development of terminal facilities and the interchange of freight between rail and water or water and rail.

(2) Leases shall not be made for a period exceeding ninety-nine (99) years and all leases made shall be subject to a revaluation of the property every twenty (20) years.

(3) The rental to be received by the State shall be a net return of not less than six (6) per cent per annum upon the valuation of said Illinois and Michigan Canal and its right of way, or any portion thereof, that may be leased, the lessee to pay any taxes, if any, lawfully assessed against such property.

(4) The value per square foot of said Illinois and Michigan Canal and its right of way, or any portion thereof that shall be leased, shall be fixed at not less than the average price per square foot on sales, or existing values, within a period of five (5) years immediately prior to the making of said lease, of contiguous property lying within five hundred (500) feet either side of any portion of said canal or right of way to be leased. If no sales of land have been made within five (5) years prior to any proposed lease of any portion of said canal located within five hundred (500) feet either side thereof, the ruling price per square foot of sales of land nearest the portion of said canal to be leased, shall be the minimum basis of value on which the Illinois and Michigan Canal, its right of way, or any portion thereof shall be leased.

(5) The rental for all leases shall be paid annually by all lessees in advance to the Department of Public Works and Buildings of the State of Illinois or other duly authorized agency, and said department or agency, upon receipt of said rentals shall pay same to the State Treasurer for deposit to the credit of the canal or waterway fund of the State of Illinois.

(6) The revaluation of the amount of rental to be paid by any lessee of the Illinois and Michigan Canal, its right of way, or any portion thereof, shall be fixed in the same manner as herein provided for fixing the original valuation.

(7) All leases made shall provide for the recovery of the property and the removal of any lessee upon failure to pay rentals when due.

§ 2. Before this Act shall be in force and effect its provisions shall first be submitted to the people of the State at a general election and be approved by a majority of all the votes cast in such election. § 3. The Secretary of State shall submit this proposition to a vote of the people at the first general election held after the passage and approval of this Act.

APPROVED June 30, 1923.

CEMETERIES.

TRANSFERS BY ASSOCIATIONS-VALIDATION.

$1. Certain transfers validated.

(SENATE BILL No. 410.

APPROVED JUNE, 1923.)

AN ACT to validate transfers made by and provisions for future transfers to be made by cemetery associations and cemetery corporations in trust for the care, keeping in order, embellishing or improvement of cemeteries, or of lots or graves located therein, or for the protection of such graves, in violation of the law of mortmain or the laws against perpetuities or against accumulations.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That in every case where any cemetery, association or cemetery corporation in violation of the laws of mortmain, or the laws against perpetuities or against accumulations, has heretofore transferred, or by any corporate Act or instrument has provided for the future transfer and pursuant to such provision has heretofore made such transfer of, funds or other property to a trustee or trustees with the power or duty to use the trust fund or income there from for the care, keeping in order, embellishment or improvement of any cemetery within this State of such association or corporation, or of lots or graves located therein or for the protection of such graves, each such Act, instrument and transfer, and the trust attempted to be created thereby, if otherwise lawful, are hereby declared and made valid, with like force and effect as if such laws of mortmain or laws against perpetuities or against accumulations had not been applicable thereto.

APPROVED June 26, 1923.

« PreviousContinue »