SECTION 1. The care and superintendence of the common or public schools, within the City of Lake Forest, together with the funds and estates both real and personal, belonging to the districts embraced within the limits of said City, shall devolve upon the City Council; and they shall have power to appoint, at any meeting after their annual election in each year, a superintendent of public schools for said city, whose term of office shall be for one year, and until his successor shall be duly elected and qualified; and his duties and the amount of his salary shall be defined by the City Council. And the said City Council shall have power to make all laws and ordinances necessary and proper for the management of said schools, not inconsistent with the laws and constitution of this state.
SECTION 2. It shall be the duty of said superintendent to furnish to the school commissioner of Lake County an abstract of the whole number of children under the age of twenty-one (21) years, residing in the said City, within ten (10) days after the same shall be ascertained; and the said school commissioner shall, annually, pay to the Clerk of the City of Lake Forest the proportion of the school, college and seminary fund to which the said City may be entitled, according to the area of said City, and the number of children under the age aforesaid residing in said city taking his receipt for the same. It shall be the duty of the City Clerk, on the receipt of such money, to pay the same over to the Treasurer of said City, taking his receipt for the same. The abstract of the number of children, as aforesaid, shall be taken once in two (2) years, in such manner as the City Council shall direct.
SECTION 3. All common or public school houses and school property within the limits of said city, shall belong to the City; and the City Council shall have power, and it shall be their duty, to divide said City into proper school districts, and erect substantial and comfortable school houses (in) each of the same.
SECTION 4. The township funds, and the estate, real and personal, belonging to township forty-three (43) and forty-four (44), range twelve (12) east, in the County of Lake shall be divided between the City of Lake Forest and the portions of said townships lying without the City of Lake Forest, as follows: The City Clerk of said City shall be required to give notice, in writing, to the trustees of schools of the said townships, respectively, either by delivering a copy of said notice to each of said trustees, personally, or by leaving the same at the residence of each of said trustees, respectively; which notice shall be so served at least ten (10) days before the term of court to which application shall be made, and shall notify said trustees that, at the then next ensuing term of the Circuit Court of the County of Lake an application will be made to the said court to divide the funds and the estate of the said townships, respectively, between said townships, respectively, and the said City of Lake Forest; and the said trustees, respectively, and the said City Clerk, shall each be required to appear before the said court, and give full and true statements so far as they and each of them, may be able, of the number of persons under the age of twenty one (21) years residing within said City and the portions of said townships respectively without said City, and the amount of funds and estate now belonging to each of said townships, and the amount of the same heretofore transferred by either of said townships to said City, and the said court, giving credit and allowance for all that may have been so transferred, shall fairly and equitably divide and apportion said funds and estate, giving to each its fair and equitable share of the same; and the trustees of each of the said townships, respectively, shall thereupon convey, transfer and deliver unto the said City of Lake Forest such shares or portions of said funds and estate as may be so awarded by said court; and said court shall have power to compel and enforce its orders in such behalf.