1874. § 1. That section four of said act be so amended that the trustees of said town shall hold their office for two years instead of one year, as now provided by said act. § 2. This act to take effect from and after the first Saturday in June, 1874. Approved February 19, 1874. may organize & elect directors. CHAPTER 367. AN ACT to amend an act, entitled "An act to incorporate the Richmond Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That when ten thousand dollars in stock shall have When company heen subscribed, the persons named in the first section of the original act to which this is an amendment shall advertise the same, and call a meeting of the stockholders, giving at least ten days' notice; and the stockholders so called may elect seven directors, who shall be citizens of Richmond, and who shall choose a president amongst themselves, to whom, together with the directors, shall be intrusted the real and personal estate, business, property, funds, and financial concerns of said company, and the administration of its affairs. They shall serve until their successors are chosen, and, after the first election, they shall be annually elected on the first Monday in January of each year, of which election notice shall be given for ten days, in at least one newspaper published at Richmond. The president and directors shall fill all vacancies that may arise in their body from death, resignation, or removal from the town, or the failure to meet their engagements to the company with promptness: Provided, however, That the town of Richmond shall have the right, upon subscribing ten thousand dollars of stock, to appoint or elect two of the seven directors; and should said town of Richmond subscribe fitteen thousand dollars in stock, then to have the right to appoint or elect three out of the seven directors; and the residue of said directors to be elected by the individual stockholders. take stock, and terms. §2. That the town of Richmond shall have the right Richmond may to subscribe any or the whole number of shares in said company, and to pay for the amount so subscribed; but said subscriptions shall not be made until the question shall have been submitted to the qualified voters of said town, and approved by a majority of the votes cast at said election, due notice of which shall have been given by advertisement for at least twenty days in some newspaper published in said town of Richmond; and if said vote shall be in the affirmative, it shall be the duty of the board of trustees of said town to subscribe for the number of shares directed at said election, and to pay for the amount so subscribed; and the board of trustees of said town shall have the power to issue the bonds of the town, to bear any rate of interest, not to exceed ten per centum per annum, and shall make a separate levy of tax for the liquidation of such issue of bonds and interest as may be determined by said board of trustees, in such manner and on such terms as they may direct; and they shall appoint a collector of said tax, who shall be required to execute bond, with sufficient security, in an amount not less than five thousand dollars, conditioned as may be required by said board of trustees; and said collector shall receipt separately for said tax, when collected, which receipt shall be transferable; and when an amount equal to one ог more shares of stock in said Gas-light Company shall be presented at any one time by any one individual, firm, or corporation, it shall be the duty of the board of trustees to transfer to said individual, firm, or corporation the number of shares represented by the amount in gross of such receipt or receipts, at its market value (not below par), and for any excess above an even number of shares, to give a certificate therefor to said individual, firm, or corporation for the amount in excess of the share or shares so transferred, which shall stand in lieu of a receipt for said amount, and to be good when presented with other tax receipts given for such purpose; and this privilege shall continue until the whole amount of shares held by said town have been exhausted, and no longer; and if any individual, firm, or corporation shall, at any time before said stock shall have been exhausted, present to said board of trustees one of the bonds of said town, issued for said stock, and demand stock therefor, it shall be received in like manner as said tax receipts; and all bonds so redeemed shall be canceled by said board of trustees. §3. That sections third, fifth, ninth, tenth, and eleventh of an act, entitled "An act to incorporate the Danville Gas-light Company," approved April 23d, 1873, be, and the same are hereby, adopted as amendments to the original act to which this act is an amendment, the same as if herein set forth at length, so far as the provisions of said sections are not in conflict with said act; and wherever the words "City of Danville" occurs, the words "Town of Richmond" shall be substituted; and wherever "Mayor and Council" occurs, "Board of Trustees" shall be substituted. § 4. This act shall take effect from its passage. Approved February 20, 1874. 1874. Sections of Danplicable to this. ville charter ap 1874. CHAPTER 368. AN ACT to amend the charter of the Kentucky Land Company. WHEREAS, Thomas E. Wilson and J. T. Boyle, two of the parties named as incorporators of the Kentucky Land Company, died before any organization of said company was effected; now, therefore, Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That William R. Thompson, N. W. Warfield, and Jilson II. Payne, be, and they are hereby, authorized and empowered to act, in conjunction with the commissioners heretofore appointed as incorporators, and to organize said company, and to do all things necessary and proper to carry into effect the provisions of the charter of said company. § 2. This act shall take effect from and after its pas sage. Approved February 20, 1874. porators chosen. to CHAPTER 369. AN ACT to amend an act to incorporate the Transylvania Street Railroad Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the act, entitled "An act to incorporate the Transylvania Street Railroad Company," approved April 19th, 1873, be amended as provided in the following sections. § 2. That in addition to the corporators named in the Additional cor- first section of said act, the following other persons are named as corporators, to-wit: Henry T. Duncan, jr., Richard Valentine, and James S. Perkins; and in case of the death, removal, or refusal to act of either of the corporaters named in this, or the act to which this is an amendment, the residue, or a majority of them, may fill the vacancies. instead of seven. §3. The number of directors for the management of Directors five the business of said company shall be five instead of seven, as provided in the original act; and the corporators may meet and organize the company by electing from their number five directors, who shall elect from their number a president; and said president and directors shall continue in office until their successors are chosen by the stockholders, as provided in the original act to which this is an amendment. Second section § 4. Section two of the act to which this is an amendof original act ment is repealed, and instead thereof it is provided that said company may construct and operate a line of street repealed, and this substituted. railroad, with cars to be drawn either by horses or mules, 1874. running through the city of Lexington on Mulberry street, beginning and terminating at the city limits, and another crossing said first named line, running from a point near the Woodlands gate to the cemetery gate, either upon Main street, or partly upon Main and partly on Short street, and upon streets connecting the two, and with power to extend their business by also constructing a line of road on Broadway through the city, or any portion thereof, and lines connecting the same with the line on Mulberry. to take stock, &c. 5. The city council of the city of Lexington shall City authorized have power, and shall have the right to make subscriptions of stock in said company, not exceeding in the aggregate twenty-five thousand dollars, and to issue the bonds of the city, payable at a period not more remote than twenty years, and bearing interest at the rate of eight per cent. per annum, payable semi-annually at a place to be designated therein, which bonds, when delivered to the president of said company, shall be received in payment for a corresponding amount of said stock, of which certificates shall be issued to said city; and in all elections by stockholders of said company the council shall have a right to designate a proxy to vote said stock. And if said council shall not choose, without being instructed, to make such subscriptions, the president and directors of said company may at any time, by writing, request the council to submit to a vote the question of making a subscription of the amount of stock above. named, or any part thereof designated, which may not have been already subscribed by them; and thereupon the council may provide for holding an election in said city, at which the question of making said subscription of stock shall be submitted, which shall be held upon a day to be fixed by the council. Said election shall be held in the manner in which other city elections are held; and every person residing in said city, and having the qualifications of a voter at elections of members of the Legislature, shall be entitled to vote; and if a majority of all the legal votes in said city shall be in favor of said subscription of stock, it shall be the duty of the council to make the same without delay, and issue its bonds as hereinbefore provided. § 6. This act shall take effect from and after its passage. Approved February 21, 1874. LOC. L.-27 1874. CHAPTER 371. AN ACT to amend the charter of the town of Loretto, in Marion county. § 1. That the charter of the town of Loretto be, and the same is hereby, so amended that the trustees of said town are authorized and empowered to grant coffee-house license, and to fix and regulate the charge of each license granted, in pursuance of this act, within the limits of said town. § 2. This act to take effect from its passage. Approved February 21, 1874. CHAPTER 372. AN ACT to allow an additional tax to be levied for building school-bouses in district No. 22, Greenup county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That whereas, a sufficiency of tax was not laid and collected heretofore for building a school-house in school district No. 22, in Greenup county; therefore, the trustees of said school district shall have the right, and are empowered, to levy a tax in 1874, and collect the same from the property within said district listed for taxation for State revenue, as will be sufficient to pay for and finish said school-house: Provided, Said assessment shall not exceed fifty cents on each one hundred dollars' worth of taxable property: And provided, Said tax shall be collected and expended as was authorized for the collection and expenditure of such taxes by the law authorizing the laying and collection of such taxes for building school-houses in Greenup county. § 2. This act shall take effect from its passage. Approved February 21, 1874. CHAPTER 373. AN ACT for the benefit of William Durrett, of Taylor county. WHEREAS, By the verdict of a jury of Taylor county, Harriet Durrett, of said county, was in October, 1870, found to be a pauper lunatic; and whereas, by an order of the court which held the inquest, she was directed to be conveyed to the lunatic asylum at Lexington, there to be confined, and was conveyed to said asylum, but not received for want of accommodations; and whereas, since |