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FourthThe amount of loans secured by mortgages and bonds constituting a first lien on real estate, on which there shall be less than one year's interest due or owing and the amount of such interest,

FifthThe amount of such loans on which there shall be more than one year's interest due or owing, and the amount of such interest.

SixthThe amount due the company on which judgments have been obtained.

Seventh-The amount of stocks and bonds of this State and of the United States, of any incorporated city of this State, and of any other stocks and bonds owned by such company, specifying the amount, number of shares, and the par and market value of each kind of stock or bonds.

Eighth-The amount loaned upon the pledges of securities, with a statement of the securities so held by such company, and the par and market value of such securities.

NinthThe amount of all other assets of such company, including accrued interest not enumerated above.

(6.) The liabilities of such company, specifying:
First-The capital stock paid in.
SecondThe surplus on hand.
ThirdThe undivided profits,
FourthThe deposits held by such company.

(c.) A list and brief description of the trusts held by such company, the source of the appointment thereto, and the amount of real and personal estate held by such company by virtue thereof, except that mere mortgage trusts wherein no action has been taken by such company, shall not be included in such statement. The said report shall also be in such form and contain such statements, returns and information, as to the affairs, business condition and resources of the corporation, as the said Auditor of State may, from time to time, prescribe or require.

§ 10. Such report shall be verified by the affidavit of one of the managing officers, and two of the directors or trustees of said company, who shall also state in such affidavit that they have examined the assets and books of said company for the purpose of making said report. Any false swearing in regard to such report shall be deemed perjury, and shall be subject to the punishments prescribed by law for such offense.

$ 11. The Auditor of Public Accounts is hereby authorized and empowered to address any inquiries to any such company, or the officers thereof, in relation to its doings and condition, or any other matter connected with its affairs, and it shall be the duty of any company or person so addressed, to promptly reply in writing to such inquiries. The Auditor may also require reports from any such corporation at any time he may deem desirable.

$ 12. It shall be the duty of said Auditor annually, either personally or by one or more competent persons to be appointed by him, to visit and examine every such corporation in this State. The Auditor shall also have power, in like manner, to examine any such corporation, whenever, in his judgment, it may be deemed necessary or expedient. The said Auditor and every such examiner shall have power to administer an oath to any person whose testimony may be required on any such examination, and to compel the appearance and attendance of any such person for the purpose of examination, by summons, subpoena or attachment, in the manner now authorized in respect to the attendance of persons as witnesses in the courts of record in this State; and all books and papers which may be deemed necessary to examine by the Auditor or examiner so appointed shall be produced, and their production may be compelled in like manner. The expense of every examination, if any, shall be paid by the corporation examined, in such amount as the Auditor shall certify to be just and reasonable; but whenever such special examination shall be made by the Auditor in person, or by one or more of the regular clerks in his department, no charge shall be made except for necessary traveling and other actual expenses. On every examination, inquiry shall be made as to the condition and resources of the corporation generally, the mode of conducting and managing its affairs, the action of its directors or trustees, the investment of its funds, the safety and prudence of its management, the security afforded to those by whom its engagements are held, and whether the requirements of its charter and of the laws have been complied with in the administration of its affairs. The result of any such examination shall be certified by the examiner, or one of them, upon the records of the corporation examined, and the result of all the examinations during the preceding two years shall be embodied in the report of the Auditor required by this act to be submitted to the Legislature. Such report shall give the date to which such report refers, the amount of capital returned by each of said corporations, the whole amount of its debts and liabilities, the total sum of its resources, and such other information as such Auditor may deem useful.

§ 13. Whenever it shall appear to the said Auditor, from any such examination or report, that any such corporation has committed any violation of law, or is conducting its business in an unsafe or unauthorized manner, he shall, by an order under his hand and seal, direct the discontinuance of such illegal and unsafe or unauthorized practices, and strict conformity with the requirements of the law and with safety and security in its transactions ; and whenever any such corporation shall refuse or neglect to maké any such report as is hereinbefore required, or to comply with any such order as aforesaid, or whenever it shall appear to the Auditor that it is unsafe or inexpedient for any such corporation to continue to transact business, or that extraordinary withdrawals of money are jeopardizing the interests of remaining depositors, or that any trustee or officer has abused his trust or been guilty of misconduct or malversation in his official position, injurious to the institution, or that it has suffered a serious loss by fire, burglary, repudiation

or otherwise, he shall communicate the facts to the Attorney General, who shall thereupon institute such proceedings against the corporation as the nature of the case may require.

$ 14. If the Auditor shall at any time have satisfactory evidence that any annual statement or other report required or authorized by this act, made or to be made by any officer or officers of such corporation, is false, it shall be the duty of the said Auditor to immediately revoke the certificate of authority granted on behalf of such corporation, and mail a copy of such revocation to said corporation and the clerk of every court of record in this State. Such revocation shall not be set aside until satisfactory evidence shall be given to said Auditor that such corporation is, in substance and in fact, in the condition set forth in such statement or report, and that all the requirements of this act have been complied with. Such revocation shall be sufficient cause for the removal of such company from any appointment held by it under the provisions of this act.

§ 15. Any violation of any of the provisions of this act shall subject the party violating the same to a penalty of $500 for each offense, and the additional sum of $100 per day during which any such company shall fail to file its said report after the last day of January in each year.

§ 16. The said Auditor shall cause a proper abstract of the statements of assets and liabilities reported under section eleven (nine] of this act, to be published once in each week for three successive weeks in two newspapers of general circulation, the one printed in the city of Springfield, and the other in the county seat of the county wherein the principal office of the respective company is located, such publication to be paid for by said company.

$ 17. There shall be paid by every company to whom this act shall apply, the following fees : For filing the original application and receiving the deposit required by section eight (six] of this act, the sum of $30; for filing the annual statement required, $10; for the certificate of authority, $2; for every copy of a paper filed in the Auditor's office, the sum of 20 cents per folio; for affixing the seal of said office to said copy and certifying the same, $1.

§ 18. Any company which desires to retire from business under this act shall furnish to the Auditor satisfactory evidence of its release and discharge from all the obligations and trusts hereinbefore provided for, whereupon he shall revoke his certificate to such company and return its securities.

§ 19. All laws and parts of laws in conflict with the provisions of this act are hereby repealed.

APPROVED June 15, 1887.

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§ 1. Amends section 59, by providing for the election of 15 commissioners on a general

ticket annually. Adds section 5974 providing that the voter may designate one commissioner as president. Amends secton 60 by providing that the term of office shall

begin in December annually after election. An Act to amend sections 59 and 60 of the act entitled An act to

revise the law in relation to counties," approved Mar:h 31, 1874, as amended by the act of May 20, 1879, and to amend said act by adding a section in relation thereto to be known as section 59.

SECTION 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That sections 59 and 60 of the act entitled “An act to revise the law in relation to counties," approved March 31, 1874, as amended by the act of May 20, 1879, in force July 1, 1879, be and the same is hereby so amended as to read as follows:

“Section 59. On Tuesday after the first Monday of November A. D. 1887, there shall be elected by the legal voters of Cook county, fifteen commissioners who shall hold their office for the term of one year. And on Tuesday after the first Monday in November, A. D. 1883, and every year thereafter, the legal voters of Cook county shall elect fifteen commissioners who shall hold their office for the term of one year. Ten of said commissioners shall be elected from the city of Chicago by the legal voters of said city, and five of said commissioners shall be elected from the towns outside of said city by the legal voters of said towns.

"Section 59. Every legal voter in said county may vote for and designate (upon his ballot cast for county commissioners) one of the candidates for commissioner to be president of the county board, and the person who shall receive the highest number of such votes shall be declared elected president of said board.

“Section 60. The terms of office of said commissioners shall begin on the first Monday of December after their election, and they shall hold their office respectively untll their successors are elected and qualified. Each of the commissioners shall have been a resident of said county for five years next preceding his election.”

APPROVED June 10, 1887.

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$1. Amends section 61 and 62 of the act of

1874. Section 61. Commissioners
shall take the constitutional oath.

Duties defined:
1. Meetings; President.
2. President may not vote as commis-

3. Appropriations; resolution or motion

making appropriations must be made
in writing; veto power of the presi-
dent; passage over veto; shall take
effect if not approved or vetoed in six

4. Powers and restrictions of the board.
5. Power of committees; appropriations

of over $500 shall be by % vote.

6. Annual appropriation bill; publica

tion; special appropriations prohibited, except in certain cases; fixed

charges against county. 7. Committees on Finance and Public

Service, and Superintendent of Public Service, who shall purchase all

supplies. 8. Contracts for materials, supplies and

work. 9. Appointment of officers and employes

and their compensation. Section 62. County clerk shall be clerk

of the board: ex-officio comptroller of financial affairs; duties as comptroller defined; report; fiscal year.

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An Act to amend sections sixty-one (61) and sixty-two (62) of an act

entitled An act to revise the law in relation to counties.approved March 31, 1874, as amended by the act of May 20, 1879, relative to Cook county.

Secuoy 1. Be it enacted by the People of the State of Illinois, represented in the General Assembly: That sections sixty-one (61) and sixty-two (62) of an act entitled "An act to revise the law in relation to counties,” approved and in force March 31, 1874, as subsequently amended by the act of May 20, 1879, be and the same are each hereby so amended as to read, respectively, as follows:

“Section él. The said commissioners shall, severally, before they enter upon the discharge of their duties, take the oath of office prescribed by the constitution, and they shall be known as the Board of Commissioners of Cook County, and as such board shall possess the powers, perform the duties and be subject to the rules, regulations and restrictions hereinafter specified, that is to say:

First-Said board of commissioners shall hold regular meetings on the first Monday of December, January, February, March, June and September in each year, and (unless the election or designation of a president shall be otherwise provided for by law) said commissioners shall, at their first meeting in December, organize said board of commissioners by the election of one of their number as president, who shall hold his office until the day next preceding the first Monday in December next after his election. It shall be the duty of the president of the board of commissioners to call special meetings of the board whenever in his opinion the same may be necessary; and he shall preside at all of the meetings of said board, and generally perform the duties usually performed by a presiding officer: Provided, that in the absence of the president, or of his inability to act, a president pro tempore may be elected, who shall during such absence or inability possess all the powers and perform all the duties by law vested in and required of the president.

SecondThe president of the board of commissioners shall bave the same privilege of voting as any other commissioner; but he shall not have a castiny vote upon any question upon which lie has voted as commissioner.

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