1 1836 Deposites of SEC. 15. Be it further enacted, That the voting members of this corporation who do not deposite five hundred dollars in the first instance, shall make weekly deposites, of not less than three dollars per week, voting memL until their deposites, and their dividends, which shall bers. be carried to the credit of their deposites, shall amount to five hundred dollars: Provided, That the deposites of the voting members shall, at the expiration of each six months, be converted into stock, for which certificates shall be given of the form, and transferable in such manner, as the by-laws of the corporation shall direct; and whenever a voting member shall transfer his stock, or not having five hundred dollars in stock, shall fail for six months to make weekly deposites, he shall cease to be a voting member of the corporation; and it shall be the duty of the president and directors, from time to time, to select from the other stockholders, who own five hundred dollars of stock, or from stockholders who are weekly depositors, a sufficient number of voting members to keep the number to one hundred, and such selections shall be made at least twice a year, and as much oftener as there may be vacancies in the voting members. SEC. 16. Be it further enacted, That all the provisions of the fifth, sixth, seventh, eighth, ninth, tenth, and eleventh sections of this act, are made applicable to the Bardstown savings institution, and the corporators thereof, (except the publication required to be made of the examination, shall be published in a newspaper published in Bardstown, instead of Louisville:) And provided further, That the dividends of the voting members, shall be added to the stock, until each one's stock shall amount to five hundred dollars, in lieu of two thousand dollars, required in the eighth section, and nothing in this act shall be so construed, as to prohibit any member from increasing his stock to any amount not exceeding fifteen thousand dollars, by weekly deposites, in the Bardstown savings institution, nor shall he be limited as to the amount of his weekly deposites, as a voting member. Approved, February 25, 1836, Provisions of this act as to company, applicable to the Bardstown company. the Louisville Proviso. 1836 CHAP. 261.-AN ACT to amend the charter of the Bardstown and Louisville turnpike company. increased. SEC. 1. Be it enacted by the General Assembly of Capital stock the Commonwealth of Kentucky, That the capital stock of the Bardstown and Louisville turnpike company, shall be, and the same is hereby increased and extended to the sum of two hundred thousand dollars, and the president and managers of said company are hereby authorized to open books and sell as much of said additional stock as may be necessary to finish and complete said road and bridges, &c. Louisville SEC. 2. That it shall be lawful for the Louisville turnpike company, to subscribe for as much of the turnpike com- additional stock in the Bardstown and Louisville turnpany may sub- pike company, as the president and managers of the scribe for Louisville turnpike company may think proper, and stock, &c. to borrow the money for that purpose, on the credit of the corporation, and thereby to increase their capital stock, to the extent and amount so subscribed by them, in the Bardstown and Louisville turnpike company. SEC. 3. That in consideration of the great expenses May charge of erecting bridges on the said Bardstown and Loudouble tolls at isville turnpike, across Floyd's fork, Salt river, east certain gates, and main Cox's creek, it shall be lawful for said com &c. pany to put up and erect six toll gates on their said road, and to charge double tolls at the gates nearest Salt river and Floyd's fork, and said company shall not be compelled to grade said road fifty feet wide, as required by their charter. SEC. 4. That as the said road has been graded to Wheels of an elevation of two degrees, the whole length therecarriages not of, it shall not be lawful for the owner or driver of to be locked. Provisions for any wagon, cart, carriage, or other vehicle of burden or pleasure, to lock one or more of the wheels thereof, or drive on said road with a wheel or wheels locked, nor shall it be lawful for any person or persons to crossing the drive any of the before described vehicles, across or bridges. upon any of the bridges on said road, with greater speed than a walk of their horses, or beasts of draught, nor shall more than one wagon driving in the same direction, be on either of the said bridges on said road, at the same time, nor shall any person or persons, in driving stock, suffer or permit such unreasonable numbers to collect and be on said bridges, or any one of them, so as to endanger said bridges, or any of them; and each and every person or persons, offending against this provision, in any particular, shall forfeit and pay for each and every such offence, the sum of four dollars and costs, recoverable before any justice of the peace in this commonwealth, and shall moreover be liable to the corporation for all such damages and costs as the said company may sustain by reason of such offence, recoverable by an action on the case, in any court having jurisdiction thereof. 1836 Penalty. Additional SEC. 5. That it shall be lawful for the president and subscription managers of the Bardstown and Louisville turnpike authorized. company, to make out a full and fair return, under oath, of the entire costs of the turnpike road and bridges, and deduct therefrom the amount of stock subscribed by individuals and the commonwealth; and the board of internal improvements shall subscribe and pay for the one moiety of what said road and bridges shall cost, over and above the amount heretofore subscribed by individuals and the commonwealth. Approved, February 25, 1836. CHAP. 262.-AN ACT to incorporate the Eddyville Hotel Com pany. SEC. 1. Be it enacted by the General Assembly of Company es the Commonwealth of Kentucky, That a company tablished. shall be, and the same is hereby established, to be denominated the Eddyville Hotel Company. SEC. 2. The capital stock of said company shall Capital stock. consist of ten thousand dollars, to be divided into two hundred shares of fifty dollars each, to be subscribed for as hereinafter directed. Corporate SEC. 3. Be it further enacted, That the subscribrs to said company, their successors and assigns, powers. shall be, and are hereby made a corporation and body politic, in law and in fact, by the name and style of the Eddyville hotel company, and shall so continue until the first day of January, one thousand nine hundred, and by the name and style aforesaid, they are made able and capable in law, to contract and be contracted with, to have, possess, enjoy, and retain, to themselves and their successors, lands, rents, tenements, hereditaments, goods, chattles and effects, as may be necessary and convenient for the erection and furnishing a hotel, and the requisite appendant buildA* 1836 ings to such an establishment, and should there be, at any time, rooms in said hotel or appendant buildings, not required for the use of the hotel, they may sell or lease the same, 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, and generally to do and execute all and singular, such acts and things that a corporation, for particular purposes, may rightfully do. SEC. 4. For conducting the affairs of said corpoElection of ration, there shall be a president and four directors, president, &c. chosen annually by the stockholders, at a general meeting, to be held in the town of Eddyville, on the first Monday in January: Provided, That the first election of president and directors shall not be included in said regulation, but shall be held at the time and in the manner hereafter pointed out by this act: And provided also, That in case it shall happen that an election of president and directors should not be made upon any day, when, pursuant to this act, it might have been done, the said corporation shall not be dissolved for that cause, but it shall be lawful, on any other day, to hold and make an election of president and directors, in such manner as shall be regulated by the by-laws of said corporation, and the former president and directors shall continue in office until such new election shall be made; and in case of the death, resignation, or removal from this state, of the president or any director, his place shall be filled by some person elected by a majority of the remaining members of the board. cers, &c. SEC. 5. The president and directors shall have Agents, offi- power to appoint agents, officers, and servants, under them, for executing the business of the corporation, removable at pleasure, and to allow them such compensation as shall be reasonable; and said president and directors, for the time being, may make, revise, alter, or annul, such rules, orders, by-laws, and regulations for the government of said corporation, its agents, officers, and servants, as they, or a majority of them, from time to time, shall deem expedient: Provided, That no such rule or by-law, shall be inconsistent with the laws of the state or with this act. SEC. 6. In all elections each share shall entitle the vote. Who shall owner to one vote, none but a stockholder shall be eligible as a president or director, and every president or director shall vacate his office by ceasing to be a stockholder, and in all elections the stockholders 1836 may vote in person or by attorney; the president and directors shall receive such compensation for their President and services as shall be allowed them by the stockholders, be paid. at their general meeting. directors may SEC. 7. It shall require three directors or the pre- Not to hold sident and two directors to form a board; and the real estate out of Eddyville. said corporation shall not be permitted to hold any real estate which does not lie within the bounds of the town of Eddyville. SEC. 8. The stock in said company shall be assign- Stock assignaable only on the books of said company, and shall, to ble, &c. all intents and purposes, be considered personal es tate. SEC. 9. The president and directors shall, from Dividends and time to time, make such dividends arising from the insurance. rents and profits of the corporation, as they may think just and proper; and it shall be lawful for them to effect insurance on their hotel or any other house or property that may belong to said corporation. SEC. 10. To carry into effect this corporation Sam- Subscription uel P. L. Marshall, Robert L. Cobb, James N. Gracey, of stock. Willis B. Machen, Isaac H. Martin, Merideth C. Archer, and Terry D. King, are appointed commissioners, who, or a majority of whom, shall, on the first Monday in April next, open books for the subscription of stock in said corporation, at the house of R. L. Cobb & Co. in the town of Eddyville; which books shall be kept open two weeks, unless the whole. stock shall be subscribed in less time; and if it shall appear that forty shares or more shall be taken, the stockholders who have so subscribed for shares, shall meet in the town of Eddyville, on a day designated by said commissioners, and under the supervision of a majority of them, proceed to elect a president and four directors, to serve until their successors shall be First election. duly elected under the provisions of this act, and the president and directors so elected, shall meet on some convenient day, to be appointed by them, and organize their board, by the appointment of a secretary, Secretary. who shall keep a record of the proceedings of the board, and treasurer, from whom they may require a Treasurer. bond for the faithful discharge of his duties, both of whom shall be removable at the pleasure of the board. Calls upon SEC. 11. It shall be lawful for said president and directors to make such call or calls, from time to time, stock. on said stock, as they may require to complete said |