Page images
PDF
EPUB

business of commerce and navigation on said rivers; and 1874.
may make contracts with shippers to limit or fix its lia-
bility as common carriers.

trol affairs.

§3. The property of said corporation, and the power Directors to conto manage and control its business, shall be vested in a board of nine directors, to be elected by the stockholders on the first Monday in May of each year, after the pres ent year, each share entitling the holder to one vote; and the votes of stockholders may be cast by themselves in person or by proxy, under such regulations, alter the first election, as may be prescribed by the by-laws.

4. That James B. Casey, L. H. Brooks, John Boughner, Jas. Maburry, Wm. Hill, Frank Lowe, F. A. Prague, John D. Hearne, and Louis Stix, are hereby appointed. commissioners, who, or a majority of whom, may open. books and receive subscription of stock in said corporation; and when not less than one hundred shares are taken, and twenty-five dollars on each share so subscribed. for paid in cash to said commissioners, they shall, by advertisement for at least ten days in one of the daily or weekly papers published in Covington or Newport, call a meeting of the stockholders in Covington to elect a board of directors; and the votes of the stockholders may be given in person or by written proxy; and the nine persons receiving the largest number of votes shall be declared directors, and hold their offices until their successors shall have been duly elected and qualified.

5. After each election of directors, those elected shall choose one of their own number as president of the board, who shall preside at directors' meetings and be chief officer of the corporation; they shall appoint all other necessary officers and provide for their compensation, and take all necessary bonds from officers of trust to insure a faithful discharge of their duties.

Commisioners'

names.

When stockholders may organize.

President to be

elected.

directors.

§ 6. No persons shall at any time be voted for or ap- Qualifications of pointed a director who is not at the time a stockholder in said corporation; and vacancies, by death or resignation, in the board between annual elections, shall be filled by the board, or a quorum thereof; and a majority of the board in office shall at all times be a quorum for business.

Directors may demand payment

7. The said board shall demand payment of stock subscribed for in such installments and at such time as of stock. they may deem expedient; and if all the stock is not subscribed for before their election, they and their successors may open or keep open the books for subscription of stock, or may sell that not subscribed for for the benefit of the corporation, at not less than par, and may, by rules and by-laws, provide for the forfeiture to the company of any share or shares of stock subscribed for and not fully paid for when required, and may provide for the mode of

1874.

Stock to be personal estate.

transferring certificates of stock, which shall be deemed as personal estate and pass as such.

§ 8. This act shall take effect from and after its pas

sage.

Approved February 21, 1874.

CHAPTER 428.

AN ACT to amend an act, entitled "An act to reduce into one the several acts in relation to the town of Taylorsville."

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

§ 1. That the trustees of the town of Taylorsville shall have power to assess and collect annually an ad valorem tax not exceeding twenty-five cents on each one hund red dollars of money, choses in action, notes, or other evidences of debt, which may be owned or possessed by any resident tax payer of said town over and above his or her just debts.

§ 2. That this act shall take effect from and after its passage.

Approved February 21, 1874.

CHAPTER 429.

AN ACT to amend an act to amend the charter of the town of Hartford, approved 2d March, 1867.

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

§ 1. That the boundary of said town limits of Hartford be, and the same are hereby, altered so as to exclude from said corporate limits the property situate between the northern boundary line of the original four hundred acre survey and Rough creek, and now owned by the following persons, to-wit: Moore & Wise, Samuel E. Hill, A. B. Baird, Potter & Condett, Charles Lee, O. P. Johnson, and Mrs. Hester Miller.

§ 2. This act shall take effect from and after its pas

sage.

Approved February 21, 1874.

CHAPTER 430.

AN ACT to amend an act, entitled "An act to incorporate the city of Mayfield."

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

§ 1. That for the purpose of keeping the streets repaired and in good order, the city council shall have power to levy a poll-tax, not exceeding two dollars, on all males of the city from eighteen to fifty years old, to be levied, assessed, and collected as other taxes in said city.

2. That the boundary or corporate limits of the city. of Mayfield be, and the same are hereby, extended as follows: beginning at a stake one half mile east of the southeast corner of said city; running thence north three fourths of a mile to a stake; thence west one and a half miles to a stake; thence south one mile to a stake; thence east one and a half miles to a stake; thence north to the beginning.

§ 3. That all lands which may be included in the above extension of the corporate limits of the city of Mayfield, which shall be used exclusively for farming purposes, shall not be subject to taxation for city purposes.

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

Approved February 21, 1874.

1874.

CHAPTER 431.

AN ACT to amend an act, entitled "An act to incorporate the Evansville and Jackson Railroad Company," approved March 28, 1872.

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

Amendment to second section,

§ 1. That section two of the act to which this is an amendment be amended by striking out all of said sec- original act. tion after the words "as a natural person;" also that the word "seven" in section six be stricken out, and the words "not less than seven nor more than thirteen" substituted therefor; also that section seven of said act be so amended as to allow the directors to elect, as secretary and treasurer, some suitable person or persons not belonging to the board of directors; also that section twenty-six of said act be amended by striking out the words "from any point south of the city of Henderson."

§ 2. Be it further enacted, That sections twenty-seven and twenty-eight of the act to which this is an amendment be, and the same are hereby, repealed; but in lieu of said section twenty-eight the following is substituted:

Treasurer and

secretary may be side board.

e ected from cut

Sections 27 & 28 of former act re-.

pealed, and this

in licu.

1874.

Route of road.

"said company shall be subject to and governed by the General Statutes of this State relating to and governing railroad corporations."

§3. Be it further enacted, That the Evansville and Jackson Railroad Company may construct their road from Dixon's ferry or its vicinity, on the Ohio river, opposite the city of Evansville, Indiana, by way of the city of Henderson, to any point on the line of the State of Tennessee west of the Tennessee river: Provided, That the gauge of said road between the starting point and the city of Henderson shall be four feet eight and a half or nine inches, and none other, until said company have prepared their road-way ready for the iron to Tradewater river, and have procured the necessary iron to lay the track on the same, and are ready, in good faith, to lay the track to said Tradewater river, then said company may commence at the starting point and lay down a five-feet track continuously to the line of the State of Tennessee. The track between the starting point and the city of Henderson first provided for in this section to be and remain four feet eight and a half or nine inches gauge: And provided further, That if said company so desire they may construct a three-feet track on any or all of their line of road, in addition to or in lieu of the five-feet track above authorized, or they may lay a track of four feet eight and a half or nine inches in lieu of any or all of said five-feet track: And provided further, That said company shall not have the right to run on, nor the right to run over, nor the right to contract with any railroad company whose road is now built to the city of Henderson to run on or over their track a greater distance than two miles south of the city of Henderson: Provided, That no tax shall be imposed upon the people on the line of said road from the city of Henderson to Dixon's ferry.

4. Be it further enacted, That the present name and Title road style of the company be, and is hereby, changed to that of Evansville, Jackson, and New Orleans Railroad Company.

changed.

§ 5. Be it further enacted, That this act shall take effect from and after its passage.

Approved February 21, 1874.

CHAPTER 432.

AN ACT for the benefit of the Paducah Savings Bank.

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

§1. That the act amending an act incorporating the Paducah Savings Bank, approved March 28, 1872, be, and the same is hereby, re-enacted: Provided, Said corporation shall be organized within one year from the first day of April, 1874.

2 This act shall take effect from its passage.

Approved February 21, 1874.

1874.

CHAPTER 433.

AN ACT to incorporate Harmony Lodge, No. 125, Independent Order of
Odd Fellows, at Hamilton, in Boone county.

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

§ 1. That M. M. Black, W. W. Garnett, and their associates, be, and they are hereby, created a body-corporate, by the name and style of Harmony Lodge, No. 125, Independent Order of Odd Fellows; and they and their associates and successors shall so continue and have perpetual succession; and by that name are made capable in law as natural persons to sue and be sued, plead and be impleaded, contract and be contracted with, answer and be answered, in all courts of law and equity in this Commonwealth; to make, have, and use a common seal, and the same to break, alter, or amend at pleasure. They may make and ordain regulations and by-laws for their government, and those now in force in said Lodge to alter when deemed proper, and may change and renew the same at pleasure: Provided, They be not in contravention of the Constitution, laws, and regulations of the Grand Lodge of the Independent Order of Odd Fellows, incorporated by an act of the Legislature of Kentucky, approved February 16th, 1838, nor in contravention of the Constitution and laws of the United States or of this State.

§ 2. That the said corporation shall have power and authority to acquire and hold real estate, not exceeding in value ten thousand dollars, and, from time to time, if deemed expedient, sell and convey the same, or any part thereof, and to reinvest and dispose of the proceeds.

§3. That the right to alter, amend, or repeal this act is hereby reserved to the General Assembly of Kentucky. 4. This act to take effect from and after its passage. Approved February 21, 1874.

LOC. L.-31

« PreviousContinue »