CHAPTER 1467. AN ACT to amend an act, entitled "An act to amend, revise and 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 an act to amend, revise and reduce into one the several acts in relation to the town of Taylors. ville, approved May 9th, 1884, be so amended as that the election to be held on the first Saturday in May, 1884, as provided in section sixty-six of said act, may, and is hereby authorized to, be held on the first Saturday in July, 1888, and all of the provisions of the act to which this is an amendment are re-enacted, and shall take effect when ratified by a majority vote, as : provided in said act, the said election to be held upon the day herein provided. §2. This act shall take effect from its passage. Approved May 3, 1888. CHAPTER 1468. AN ACT to incorporate the Three-State Mill Company, at Wickliffe, Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That J. C. Dupoyster, Jonas Kipp, J. O. Hark- Incorporators.. less, J. L. Hughes and J. H. Brown, and their associates and successors, are hereby created a body-politic, under the name and style of the "Three-State Mill Company;" and in that name may contract and be contracted with, sue and be sued, in all the courts of this Commonwealth and elsewhere, and have perpetual succession, a common seal, and alter the same at pleasure; and may purchase, hold, and sell so much real estate in the town of Wickliffe, or adjacent there Capital stock. Books of sub-scription. Election. to, as may be necessary or convenient in the transac tion of their business. 2. The capital stock of said corporation can not exceed twenty-five thousand dollars; but said company may begin business whenever there is as much as three thousand dollars of stock subscribed and paid for. § 3. The said corporation is hereby empowered and authorized to buy, erect and maintain a grist and sawmill, or either, at or within one-half mile of the town of Wickliffe; and may buy, sell and deal in grain of all kinds, and any and all other provender for stock; and in addition thereto, may deal in salt, lime and cement; but said corporation is not permitted to deal in any other merchandise or business other than the above. 4. The capital stock of said corporation shall be divided into shares of one hundred dollars each; and a majority of the incorporators herein named may open books for subscription to stock in said company, and prescribe the terms and conditions upon which said stock shall be subscribed. § 5. When as much as three thousand dollars of stock has been subscribed, it shall be the duty of the incorporators, by publication in any paper published in Ballard county, to call a meeting of the stockholders at Wickliffe for the purpose of electing a board of directors; and at such election, each stockholder shall be entitled to one vote for each share of stock owned by him, and may vote in person or by written proxy. § 6. At the election above provided for, and annually thereafter, the stockholders shall elect five of their own number as a board of directors, who shall hold their office for one year, and until their successors are elected. The said directors shall select a president and such other officers and agents as may be necessary to conduct the business of the corporation, and fix their compensation. All officers and agents shall be subject to removal at the pleasure of the board, the president excepted, who shall hold his office for one year, and until his successor is elected. § 7. After the election of said board, a majority of Quorum. whom shall constitute a quorum to transact business, the affairs of said company shall be solely and exclusively under their management, and to this end they shall enact such by-laws as they may deem nec- By laws. essary for the government of their officers and agents and the management of their business: Provided, That such by laws do not conflict with the Constitution or laws of this State or the United States. 8. The board of directors shall cause a complete Books. set of books to be kept, wherein shall be recorded, in a proper manner, the business transactions of said I company, and which shall, at all times, be open to = an inspection of any stockholder of said company. § 9. The stock of said company shall be deemed to I be personal property, and transferable; but the company shall, at all times, have a lien upon said stock. to secure it in the payment of any balance that may be due thereon. § 10. The individual property of the members of Private property said corporation shall not be liable for the debts of the corporation, except to the extent of any balance such member may owe upon his stock. § 11. This act shall take effect and be in force from and after its passage. Approved May 3, 1888. CHAPTER 1469. AN ACT to establish and incorporate the Hardin Normal School. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That an institution of learning is hereby established in Hardin county, Kentucky, by the name and 51-LOCAL LAWS, VOL. 3. style of the "Hardin Normal School," which shall be under the control of J. R. Highbaugh, E. F. Dyer, J. B. Allen, Josiah Phillips, and J. H. Owsley, and their successors, as trustees of said institution. If at any time a vacancy shall occur by death, removal or resignation, the other trustees shall name a suitable person to fill the vacancy. They shall have the power to name one of their number president of their board, and such other officers as they may deem proper. They shall have power to employ such professors of learning as they may desire to teach said normal school. They may hold annual commencements and public examinations of their pupils. § 2. Be it further enacted, That said normal school shall receive white students of both sexes, and any degree of advancement. §3. Be it further enacted, That the Hardin Normal School shall, for the present, be located at Sonora, Hardin county, Kentucky; but the president, by the consent of the board of trustees, can remove it to any other point in Hardin county without interfering with this charter. 4. Be it further enacted, That this act shall take effect from its passage. Approved May 3, 1888. CHAPTER 1470. AN ACT for the benefit of James R. Clutterbuck, sheriff of Boone county. WHEREAS, James R. Clutterbuck, sheriff of Boone county, was charged with, and held to pay in the year 1884, and did pay, to the Auditor of Public Accounts, the sum of seventy-seven dollars and seventeen cents, being the amount of tax assessed against the property of one Mayer Goldsmith, who was then, and is now, a non-resident of this State; and whereas, said Goldsmith removed the said property on which said tax was assessed out of the State after said assessment was made, and before said tax became due, whereby the said Clutterbuck, as sheriff, improperly was held liable for the same, and paid said tax in full to the State; therefore, Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the Auditor of Public Accounts be, and he is hereby, directed to draw his warrant on the Treasurer for the sum of ($77.17) seventy-seven dollars and seventeen cents in favor of the said James R. Clutterbuck, to be paid out of any money not otherwise appropriated. 2. This act to take effect and be in force from and after its passage. Approved May 3, 1888. CHAPTER 1472. AN ACT to incorporate Blue Spring Seminary, in Trigg county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: poration. § 1. That an institution of learning be, and the Articles of incorsame is hereby, incorporated and established at or near Mt. Pleasant Baptist Church, in Trigg county, Kentucky, to be known by the name of the Blue Spring Seminary. porators and § 2. That Major Noel, Cromwell Wallis, and An- Board of incordrew Harris, and their successors in office, are hereby trustees. constituted a body-politic and corporate, to be known. as the board of trustees of the Blue Spring Seminary and common school district No. 10. and managed. Said seminary shall be under the control and How controlled management of the trustees of common school district No. 10. § 4. This act shall take effect immediately after its passage. Approved May 3, 1888. |