1854: Election directors. Agricultural and Mechanical Association;" and by that name may sue and be sued in all courts of law or equity; and shall be capable of acquiring, by purchase or othe wise, any quantity of land not exceeding twenty acres, and may improve, sell, and convey the same or any part thereof at pleasure; may acquire or dispose of such per sonal estate as may be deemed necessary and proper for the purposes of said association, and may adopt a corporate seal, and change the same at pleasure. § 2. That the president and directors already chosen, of shall continue in office until the first Saturday in May, 1854, and until their successors are duly elected and quali fied, at which time, and annually thereafter, unless the members of the association shall by resolution fix on a different time, an election of a president and ten directors shall be held: Provided, said association may increase or diminish the number of the directors at any annual meeting. powers of trus tees. §3. That the prudential, fiscal, and other concerns of Duties and said association shall be under the control and manage. ment of the president and directors; and they shall have the power to appoint such other officers as the association may determine to be necessary in carrying out the purposes thereof; and said association shall have power to make such regulations and by-laws, not inconsistent with the constitution and laws of this commonwealth, as in their opinion will contribute to the success of the purposes thereof, and to alter or repeal the same at pleasure, or to amend or change their constitution. be subscribed. § 4. Any five of the directors and the president shall be a quorum for the transaction of business, unless said association shall require a different number. § 5. That said association may, under the direction of How stock to the president or directors, open books for the subscription of stock to said association, may fix the shares of said stock, and may provide for life membership in said association, and shall issue certificates of stock to such life. member, which may be transferred as other estate, and may annually, or oftener if desirable, at or near Glasgow, hold fairs for the exhibition of the products of the soil, specimens of the mechanic arts, of useful and domestic animals, and whatever else serves to represent the labor and industry of the state, and may award such premiums as may be necessary or proper. Approved February 11, 1854. CHAPTER 164. AN ACT to incorporate the Christian County Coal Company. § 1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That John P. Campbell, Jr., Hiram A. 1854. Corporate name and powers. Phelps, Drury M. Wooldridge, Wm. E. Price, Janes J. Lampton, A. G. Wooldridge, J. W. Gilkey, Jonathan H. Croft, and Aquila Long, their associates, successors, and assigns, be and they are hereby constituted a body corporate and politic, by the name of the Christian County Coal Company, with power to contract and be contracted with, sue and be sued in that name in all courts and places, to have a common seal; to engage in the mining of coal, iron, and other minerals; in the manufacture and sale of iron, coal, lime, lumber, and other products of lands now owned or hereafter to be owned by them, and other articles and commodities, and in the transportation of the same, or any of them, to home and foreign markets; to hold their meetings within the state, and to have all powers needful for the successful prosecution of their business, and for the execution of the powers herein granted. That how appointed. said John P. Campbell, Jr. Hiram A. Phelps, Drury M. Wooldaidge, William E. Price, James J. Lampton, A. G. Wooldridge, J. W. Gilkey, Jonathan H. Croft, and Aquila Long, shall have power to organize said company by the appointment of a president, managers, and such other officers as they may deem necessary, at such time and place as they may designate, by notice previously given. When thus organized, they and their successors shall have power to make such by-laws, rules, and regulations as they may deem necessary from time to time for the government, management, and prosecution of the business of said company, not inconsistent with the constitution of this state and of the United States. §2. The capital stock of said company shall be two hundred thousand dollars, with power to increase the same to any sum not exceeding five hundred thousand dollars. §3. The said company may buy, build, and own boats for the carrying on their business, and may dispose of their property or any portion of it by sale or otherwise. They may receive real estate in payment of such part of the subscription as they may deem advisable, and shall have the right to hold by purchase such real estate, mining rights, and rights of way as may be thought necessary by them for the successful prosecution of their business, and the same or any part thereof, to sell or otherwise dispose of as the interests of the company may require. § 4. That it shall be lawful for the president and managers of said company, from time to time and at all times,. to borrow or obtain on loans such sums of money and on such terms as they may deem expedient for the use of said company, and to pledge or mortgage all or any part of the estates, improvements, privileges, effects, and assets whatsoever of the said company, for the repayment of said sums of money so borrowed, at such times as may be agreed upon. Managers of said company, Capital stock. Privileges of the company. May borrow money, 1854: Further rights conferred. 5. That said company shall have, possess, and enjoy all the powers, rights, and privileges heretofore conferred by law upon any other company chartered for similar pur poses. § 6. That this act shall not be so construed as to infringe or interfere with any of the rights or privileges of any other company chartered in this state, or of private indi viduals. 7. This act shall take effect from and after its passage; and the general assembly reserves the right after thirty years from the passage of this act, to alter, modify, or repeal this act at pleasure. Approved February 11, 1854. CHAPTER 165. AN ACT for the benefit of W. W. Cox, of Morgan county, WHEREAS, it is represented to this general assembly that W. W. Cox expended the sum of one hundred dollars in pursuit of W. H. Brown, who had committed a foul and atrocious murder in the county of Morgan, and by his vigilance and perseverance overtook, arrested, and brought to justice said Brown, who was tried, convicted and executed for said murder. Therefore, Be it enacted by the General Assembly of the Commonwealth of Kentucky, That the auditor of public accounts is hereby directed to issue his warrant on the treasurer in favor of the said W. W. Cox for one hundred dollars, to be paid out of any money in the treasury not otherwise appropri ated. Approved February 11, 1854. CHAPTER 166. AN ACT for the benefit of Henry Woodyard. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That Henry Woodyard, sheriff of Grant county, be allowed two years from the passage of this act to collect the revenue, county levy, and fee bills due him for the years 1848 and 1849, and that he may place them for collection in the hands of any officer authorized by law to collect them. Approved February 11, 1854. CHAPTER 167. AN ACT to amend an act to incorporate the Deposit Bank of Paris. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That so much of the twenty-second section of said act as limits the time for the commissioners to two years, to open books for subscription of stock, be and the same is hereby repealed, and that said commissioners have until the first day of May, 1857, to discharge the duties required of them by said act. Approved February 11, 1854. 1854. CHAPTER 169. AN ACT to incorporate the Danville and Pleasant Hill Turnpike Road §1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That a company shall be formed, under the name, style, and title of the Danville and Pleasant Hill Turnpike Road Company, for the purpose of forming corporation. an artificial road. §2. That the capital stock of said company shall be twenty thousand dollars, to be divided into shares of fifty dollars each; and if it shall be ascertained that the amount of capital stock shall not be sufficient to accomplish the object of this act, then the president and directors may enlarge it to such an amount as they may deem necessary, and open subscriptions therefor in such manner as they may think proper. Style of the Books to be opened for the subscription of stock, where & under whose di §3. That books for the subscription of stock in said company shall be opened on the first Saturday in April next, or as soon thereafter as convenient, at the town of Danville, in Boyle county, under the direction of A. I. Cald-rection. well, George Moore, John J. Mock, James C. Banfree, Asa Smith, and Clifton Rodes, or any three of them; and at Pleasant Hill, in Mercer county, under the direction of J. R. Bryant, William Hutcherson, Milton Lamme, A. H. Bowman, John B. Bowman, and Robert Davis, or a majorty of them, who are appointed commissioners. The said commissioners at each place shall procure a book or books, and the subscribers for stock in said company shall enter into the following obligation in said book or books: "We, whose names are hereunto subscribed, promise to pay to the president, directors, and company of the Danville and Pleasant Hill Turnpike Road Company, the sum of fifty dollars for each share of stock subscribed by us in said company, and agreeably to an act of the general assembly incorporating said company. Witness our hands this - day of 1854." The said commissioners, or a majority of them, shall give notice in a newa». 1854. How long paper published in Danville or Harrodsburg, of the time and place of opening the books for the subscription of books to be kept stock in said company, and that they will continue open until the amount of the capital stock shall be subscribed. open. Officers to be chosen. votes for each §4. That as soon as five thousand dollars shall be subscribed, the said commissioners, or such of them as may act, shall at such time and place as they may appoint, call a meeting of the stockholders, and hold an election for a president and six directors, who shall hold their office. for one year, and until others shall be elected and duly qualified. The said president and directors, before they enter upon the duties of their office, shall take an oath before some justice of the peace that they will faithfully perform the duties of their respective office, without favor or affection, according to the best of their judgment. That upon the qualification of the president and directors they shall appoint a treasurer and such other officers as they may deem necessary, who shall hold their office for one year and until others are appointed. The treasurer shall, before he enters upon the discharge of the duties of his office, give bond, with one or more good securities, in such penalty as the president and directors may require, payable to the president and directors of said company, conditioned that he will faithfully discharge the duties of treasurer, and that he will, when called on, pay over the amount of money in his hands to the order of the presi dent and directors of said company, and that he will discharge the duties required of him by the by-laws of said company. § 5. That upon the election and qualification of the pres ident and directors as aforesaid, they shall be a body politic and corporate, under the name, style, and title of the Danville and Pleasant Hill Turnpike Road Company, and by said name said company shall have perpetual succession, and all the privileges and franchises incident to a corporation, and shall be capable of taking and holding their capital stock, and the increase or profits thereof; and of purchasing, taking, and holding to them and their successors and assigns, and of selling, transferring, and conveying in fee simple, all such lands, tenements, hereditaments, and real and personal estate, or as much as may be necessary for them in the prosecution of the work; to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended in courts of record or any other place whatever; also to have a common seal, and to do all and every matter and thing which like cor porations may lawfully do. § 6. That the number of votes to which each stockholder Number of may be entitled, shall be according to the number of shares he shall hold; and after the first election no share or shares shall confer a right of voting which shall not have been holden three months previous to the election. The share. |