Affairs.

directors, and bearing interest, payable semi-annually, at a rate not exceeding six per centum per annum, and may secure the payment of the same by a mortgage or mortgages on the property, franchises, privileges, immunities and income of said company, with such stipulations and conditions as may be prescribed by the board of directors; and said bonds aforesaid, when issued, may be disposed of as directed by the board of directors.

§ 8. For the purpose of constructing and maintaining its said railway and branches, the said company may acquire by gift, purchase, or condemnation, gravel pits, quarries and earth adjacent to or in the vicinity of the line of said railway or branches, with all necessary rights of ingress and egress to and from the same in order to make the same available to said company for the purposes aforesaid.

§ 9. The said company shall have the right and power to erect and maintain, in connection with its. said railway, a line or lines of telegraph along and over its said railway and branches, so far as may be necessary for the transaction of its business and the business of the public.

§ 10. The affairs of said company shall be conducted by a board of directors composed of not less than five or more than eleven stockholders, as the stockholders may from time to time provide, who shall be elected annually at such time as may be prescribed by the bylaws of the company. The said directors shall elect from their number a president and a vice president, and shall also appoint a secretary and treasurer, and such other officers and agents as they may deem necessary. The duties of such officers and agents shall be prescribed by the by-laws of the company.

§ 11. Until the said company shall actively comBegin business. mence the construction of its said line of railway, the corporators named in section one, and their successors and assigns, shall constitute a board of directors, with power to appoint from their number a

president, vice-president, secretary and treasurer; and as such they shall have right and power to do all things herein authorized and deemed by them to be necessary or expedient to be done, preliminary to and necessary to insure the construction of the railway aforesaid. Any vacancies that may occur in the board of directors may be filled by those remaining.

12. The directors of said company may enact and By-laws. enforce such by-laws for the government of said company and its officers, agents, servants and employes as they may deem proper or necessary, and may alter and amend the same at pleasure: Provided, That said by-laws shall not be inconsistent with the Constitution or laws of this State or the United States.

other lines.

§ 13. Said company shall have the right and power Contract with to connect with any other line of connecting railway now or hereafter constructed in either of the counties aforesaid, and operate its railway in connection with such other line of connecting railway, or use a part or all of the same on such terms and conditions as may be mutually agreed on.

§ 14. All actions or proceedings instituted by the Condemn lands. said company for condemnation of property, for any of the uses herein mentioned, shall be regulated and governed by the General Statutes relating to actions and proceedings for condemnation by writ of ad quod damnum.

15. The construction of said railway shall be begun within two years, and completed in four years from the passage of this act.

16. This act shall take effect from and after its

passage.

Approved April 14, 1888.

of ad valorem

tax.

CHAPTER 1073.

AN ACT to amend the charter of the town of Central Covington, in
Kenton county.

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

§ 1. That in lieu of all taxes heretofore collected, Authorizing levy the board of trustees of said town of Central Covington shall have the power to assess and collect, annually, an ad valorem tax on the real estate in said town, and the personal estate, choses in action, and moneys within said town, or belonging to the inhabitants thereof, not exceeding one dollar upon ach one hundred dollars of the valuation, for the gene 'fund, to be used for general purposes; and to insure the payment of such tax, a lien, superior to all other liens, shall exist, and is hereby given, upon all property assessed, or subject to taxation, from the first day of January, in each year, until payment thereof, which lien shall not be invalidated or in any wise affected by subsequent incumbrances, transfers, or sales.

and his duties.

§ 2. That said board of trustees shall have power Town collector to appoint, annually, a town collector, to collect the taxes assessed by them, who shall give bond, with good and sufficient surety, in such amount as the board of trustees may require, for the faithful discharge of his duties. He shall have the power to coerce the payment of all such taxes, by distress and sale of personal property (and no property shall be exempt from such distress and sale), in the same manner that sheriffs are authorized by law to sell like property under execution. In case no personal property can be found, he shall levy on, advertise and sell the real estate of the delinquent in the same manner that sheriffs are authorized to do in selling real estate under execution, except that there shall be no valuations nor advertisement in a newspaper, and that the sale shall be at the premises. Within sixty days after

such sales, the collector shall make a full return thereof, specifying the property sold, the names of the owners, if known, the purchasers, amount of sale, and when sold, together with a copy of his advertisement, to the town clerk, who shall file, record, and preserve the same. The owner shall have the right to redeem the real estate thus sold at any time within two years, by paying or tendering to the purchaser the amount of his purchase money and fifty per cent. per annum thereon, and all taxes he may have paid on the property since his purchase; or when the purchaser is a non-resident, or can not be found, such amounts may be paid to the town trustees for his benefit. The collector, or his successors in office, shall, if the real estate is not redeemed as above provided, make deeds to the purchasers, or their assigns, of the real estate thus sold for taxes, which deed shall pass the title thereto, and shall have the same force and effect as a sheriff's deed of land sold under execution. Said collector may be allowed such fees for advertisements, sales and deeds, and such percentage for collections, as the town trustees may determine.

streets, alleys,

$3. That the trustees of 'said town shall have full Improvement of power and authority, without petition, by a vote of etc. two-thirds of the trustees, to improve any of the streets, alleys, public places, or roads in said town, or any part or parts of either, by grading, leveling, filling, macadamizing, turnpiking, curbing or guttering, and by making sidewalks of wood, brick or stone, or by any one or more of these as they may deem best, at the cost and expense of the owners or occupants of the lots, parts of lots and parcels of land fronting or abutting on each side of the portion of such street, alley, road or public place so improved. The cost and expense of such improvement shall, when the work has been completed and finally accepted by the trustees, be equally appor12-LOCAL LAWS, VOL. 3.

May make water contract.

tioned between the owners or occupants of such lots, parts of lots and parcels of land according to the feet front; and a lien is hereby given on said lots, parts of lots and parcels of land to secure the payment of said costs and expenses, to attach from the time the work is ordered to be put under contract; and said lien may be enforced by action in the Kenton chancery court, in the name of the contractor who did the work, and against the owners of the property. It shall be lawful for said court in said actions to correct any error that may have been made in the assessment, or in the proceedings of said trustees, so as to effectuate the lien and to decree the enforcement of the lien, and the sale of so much of the property as may be required to pay such assessment and the costs of the action. No part of the costs and expense of said improvements shall be paid by said town, or for any reason be adjudged against said town, except the intersections of streets, alleys or roads, crossings, public bridges and culverts, which may be paid out of the general fund. After a street, road or alley has been improved and accepted by the town as aforesaid, it shall thereafter be kept in repair, with the exception of sidewalks, at the expense of the town. The trustees of said town shall have, and are hereby vested with, the exclusive control over all the streets, alleys, roads and public places in said town.

4. That the trustées of said town are hereby invested with full power and authority to contract with the city council of the city of Covington and the commissioners of the water-works of said city, or other proper authorities, to furnish said town. he inhabitants thereof with water, on such terms, and subject to such regulations and restrictions, as may be mutually agreed upon.

§ 5. That the police judge of said town shall give Bond of police bond, with good and sufficient surety, in such amount as the trustees may require, for the faithful perform

judge.