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1874.

either the offices of police judge or town marshal of said town, after a bona fide residence within the corporate limits thereof for a period of thirty (30) days prior to his election to such office.

§ 2. This act shall be in force from its passage.

Approved February 21, 1874.

CHAPTER 380.

AN ACT to amend the charter of the town of Concord, in Lewis county.
Be it enacted by the General Assembly of the Commonwealth of
Kentucky:

1. That no license shall hereafter be granted by the trustees of the town of Concord to any one to retail either spirituous, vinous, or malt liquors within the corporate limits of the town of Concord, till the person so applying shall have first paid into the town treasury of said town the sum of fifty dollars.

§ 2. That all moneys hereafter collected as license for the sale of liquors under section one of this act shall be used only in employing teachers to teach the common school in said town; and all such moneys so collected shall be held by the treasurer of said town subject to the order of the school trustee for the school district in which the said town of Concord is situated.

§3. This act shall take effect from its passage.

Approved February 21, 1874.

CHAPTER 381.

AN ACT to amend an act, entitled "An act to incorporate the Ohio River
Valley Railroad Company."

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That an act, entitled "An act to incorporate the Ohio River Valley Railroad Company," approved on the 26th day of March, 1872, be, and the same is hereby, amended as follows: that the said company may commence the construction of their road from such point on the branch road now being built from Louisville to Cecilia, in Hardin county, as the two companies may agree upon, and operate their road from the said point of connection so long as they may elect to do so without extending the same to Louisville.

2 That so soon as one hundred shares of bona fide stock subscriptions shall have been made to the capital stock of the said Ohio River Valley Railroad Company

the persons subscribing the same shall have the right to organize the said company, and to exercise all the rights conferred upon the same by its charter.

§ 3. That so much of the said charter of the said Ohio River Valley Railroad Company as is in conflict with these amendments be, and the same is hereby, repealed.

§ 4. This act shall take effect from and after its passage.

1874.

Approved February 21, 1874.

CHAPTER 382.

AN ACT to amend the charter of the Planters' Bank of Kentucky.
Be it enacted by the General Assembly of the Commonwealth of
Kentucky:

1. That said Planters' Bank of Kentucky shall be under the control and direction of seven directors instead of five; and that the present board of directors shall elect two directors to serve until the next regular election, and afterwards the said board shall be elected in the same manner and have the qualifications prescribed by the charter of said bank.

§ 2. The board of directors shall have power to receive subscriptions for so many of the shares of the stock of said bank, prescribed by the charter of said bank, remain ing unsold, as they may at any time choose to sell; and the calls on said subscriptions shall be paid in such time and manner as may be determined by the board of directors. Said subscriptions, however, shall be paid in installments of not less than five dollars per month on each share of stock so subscribed for; and should any of the subscribers fail to pay for their subscriptions of stock, the same may be forfeited or resold in the manner prescribed in the original charter of said bank.

Seven directors instead of five.

Directors authorsubscriptions of stock, &c.

ized to receive

on deposits not

§ 3. Said bank may pay interest on deposits of gold, May pay interest silver, bank notes, and other notes which may be lawful exceeding ten per circulation as money, and repay the same in such manner cent. and at such times, and with such interest, not exceeding ten per cent. per annum, as may be agreed upon with the depositors by special or general contract.

4. This act to take effect from and after its passage.

Approved February 21, 1874.

1874.

may issue bonds to amount $25,000

CHAPTER 383.

AN ACT to amend an act, entitled "An act for the benefit of the Union county court," approved December 20th, 1871, and to enable the county court of Union county to provide means for building a jail.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

1. That the presiding judge of the Union county Presiding judge court, during any regular or called term of said court, be, and he is hereby, authorized, empowered, and required to issue the bonds of Union county to any amount, not exceeding twenty-five thousand dollars, that may be necessary to provide means for erecting, heating, and furnishing a new jail for said county. Said action to be by order of court, only entered upon the proper record-book.

Judge fixes de

nomination, time

and place of sale.

of interest.

§ 2. The presiding judge shall determine the denomination of the bonds, the number to be sold, and the times and places of sale. He shall order a sufficiency of said bonds to be sold to meet the stipulated payments to contractors and persons laboring on or furnishing materials for the jail, and all payments promised by the building committee under the authority conferred on them by the levy court and under the provisions of this act.

§3. That the said bonds shall mature in fifteen years Bonds mature in from the date of their issual, and bear interest at the rate 15 years, and rate of ten per cent. per annum, payable semi-annually; but said bonds shall be redeemable, in whole or in part, at any time after twelve months from their date: Provided, however, That no bond-holder shall be required to receive less than the amount of any one bond, with accrued interest thereon: And provided further, That the fact that said bonds are so redeemable shall be stated on the face of the bonds.

attached to bonds

.

§ 4. That said bonds shall have interest coupons atCoupons to be tached, and the bonds be signed by the presiding judge of the Union county court, attested by the clerk of the county, and under seal; the coupons shall be signed by the clerk alone.

to levy tax to pay

§ 5. That the levy court of Union county, a majority of Court of claims the justices in commission concurring, are hereby authorinterest & bonds. ized and empowered, at any regular or called term of their court, to levy a poll-tax of fifty cents on each taxable tithe, and an ad valorem tax of not more than ten cents on each one hundred dollars' worth of taxable property in said county, in addition to all taxes now authorized by law in said county, to raise funds to pay off the bonds hereby authorized to be issued, or any part thereof, or the interest thereon; said tax to be collected as other taxes are now collectable.

1874.

Vote to be taken

§ 6. That in order to provide for a more speedy redemp. tion of the bonds authorized by this act, the levy court, a majority of the justices in commission concurring, may on paying bonds. submit to the voters of Union county, at a general election, the question of levying a further tax of one dollar on each tithe, and an ad valorem tax of not more than twenty cents on each one hundred dollars' worth of taxable property in said county, to raise funds to pay off the jail bonds; and if a majority of the votes cast be in favor of said action, then the levy court shall lay said tax, and cause it to be collected and applied to the redemption of said bonds.

act

§ 7. That section eight of an act, entitled "An act for Section eight of the benefit of the Union county court," approved Decem- former ber 20th, 1871, be, and the same is hereby, so amended that the surplus fund remaining in the hand- of the courthouse commissioner, after paying the interest on the court-house bonds, may be applied to the payment of the interest on the jail bonds authorized to be issued under this act, or invested in the said jail bonds, as may be directed by the levy court.

tee organized.

8. That the levy court of said county may employ a Building commitbuilding committee to build said jail, and a treasurer to sell the bonds and administer the funds raised under the provisions of this act.

to be built.

§ 9. That the said levy court is hereby authorized and Jailer's residence empowered to buy a lot for the jail, and have a residence built for the jailer, and pay for the same out of the funds hereby provided.

Bill to be submitted to vote of

§ 10. Provided that the judge of the Union county court shall, at the March term of said court, submit, by order county. entered of record, the provisions of this bill to the action of the qualified voters of said county, giving twenty days' notice thereof by publication in any paper published in said county, and any other notice said court may direct. Said election to be conducted as elections for county or State election; and if a majority of the qualified voters at said election accept the provisions of this bill, then the same shall be in full force and effect: Provided further, That if a majority of the voters of Union county, at the called election above mentioned, shall vote against this bill, the county judge of said county may submit the same to the qualified voters of said county at the next August election, or any regular election thereafter before the meeting of the next Legislature.

§ 11. That this act shall take effect from its passage. Approved February 21, 1874.

1874.

CHAPTER 384.

AN ACT to amend an act, entitled "An act to prevent deer-driving in the counties of Estill, Jackson, Perry, Harlan, Grayson, Edmonson, and Butler."

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That so much of an act, entitled "An act to prevent deer-hunting in the counties of Estill, Jackson, Perry, Harlan, Butler, Grayson, and Edmonson," approved March 28th, 1872, as applies to the counties of Butler and Edmonson, Jackson and Grayson, be, and the same is hereby, repealed.

§ 2. That this act shall take effect and be in force from and after its passage:

Approved February 21, 1874.

politic & corporate

CHAPTER 385.

AN ACT to charter the Owensboro, Glasgow, and Tennessee Railroad, Mining, and Manufacturing Company.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That W. N. Sweeney, Clinton Griffith, of Daviess Corporators' county; W. S. Grant, of Kenton county; and Joseph H. names-body Lewis, Samuel H. Boles, W. H. Botts, and John Lewis, jr., of Barren county, and their associates, successors, and assigns, be, and they are hereby, created and constituted a body-politic and corporate, by the name and style of Owensboro, Glasgow, and Tennessee Railroad and Mining Company; and by that name and style, and for the purposes hereinafter mentioned, shall have perpetual succession; be capable in law to contract and to be contracted with, sue and to be sued; to have and use a common seal, the same to alter at pleasure; and to have and exercise, in addition to those hereby expressly granted, all lawful rights and privileges usual and incident to such corporations and requisite to carry out the objects and purposes of this act.

act as directors

till successors are elected, & powers

defined.

§ 2. That the corporators named in the first section, or Corporators to such of them as may act, shall be ex-officio, and are hereby constituted, the directors of said company, and may serve as such until their successors are duly elected and qualified. They, said corporators, or a majority of them, shall meet at such time and place as they may agree upon and designate; and from their own number, or from such persons as they associate with themselves, choose a president and such other officers and agents as may be necessary. They shall have power to adopt such by-laws for the

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