(805 ILCS 35/16) (from Ch. 32, par. 1016)
Sec. 16.
At annual or special meetings of stockholders and members with
respect to matters submitted for a vote to such stockholders and members
(with the exception of the election of directors which is governed by
Sections 13 and 14 of this Act) each stockholder shall have one vote, in
person or by proxy, for each share of capital stock held by him, and each
member shall have one vote, in person or by proxy, except that any member
having loaned more than one hundred dollars to the corporation shall have
one additional vote, in person or by proxy, for each additional one hundred
dollars which such member has outstanding on loans to the corporation at
the time of the vote.
(Source: Laws 1965, p. 577.)
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