so amended as to allow the prisident and directors of said road to locate it on the most direct and practicable route from North Middletown to Mountsterling, without regard to any intermediate point. Approved March 15, 1851. 1851. CHAPTER 449. AN ACT repealing an act, approved January 21, 1851, in regard to Three Be it enacted by the General Assembly of the Commonwealth of Kentucky, That an act, entitled, an act to repeal so much of an act, approved February 23, 1849, as declares Three Mile creek in Lawrence county, a navigable stream, approved January 21, 1851, be and the same is hereby repealed; and said Three Mile creek is hereby declared navigable from its mouth to its forks. Approved March 15, 1851.. CHAPTER 450. AN ACT extending the powers of the Mayor of the city of Maysville. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That it shall and may be lawful for the mayor of the city of Maysville to grant writs of injunction, attachments in chancery and at common law, and writs of ne exeat; and to grant writs of habeas corpus, and have the said writs of habeas corpus returned before himself, and try the same, as fully as the circuit judges are now authorized to do. Approved March 15, 1851. CHAPTER 451. AN ACT to authorize the commandant of the 36th Regiment of Militia to collect fines assessed in 1849. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That the colonel commandant of the 36th regiment of Kentucky militia be and he is hereby authorized to list for collection, with the proper sheriff, the fines assessed by the court of assessment of said regiment on the first Monday in November, 1849; and it shall be the duty of such sheriff to receive said list of fines, and collect and account for the same, at such time, and under such penalties as are prescribed by law in regard to other militia fines. Approved March 15, 1851. AN ACT for the benefit of Isham G. Hamilton, clerk of the Boone County Be it enacted by the General Assembly of the Commonwealth of Kentucky, That the act, entitled, an act for the benefit of Isham G. Hamilton, approved January 26, 1849, be and the same is hereby extended and declared to be in full force and yirtue one year from and after the first day of April next. Approved March 15, 1851. CHAPTER 453. AN ACT to change the corporate limits of the town of Moscow, in Hickman county. in Be it enacted by the General Assembly of the Commonwealth of Kentucky, That the third section of an act, entitled, an act to amend an act to establish the town of Moscow, Hickman county, approved March 5, 1850, be and the same is hereby repealed; and the corporate limits of said town shall hereafter be as fixed by an act approved January 8, 1831. Approved March 15, 1851. corporated. CHAPTER 454. AN ACT to incorporate the Versailles Joint Stock, Building Company. §1. Be it enacted by the General Assembly of the Commonwealth Company in. of Kentucky, That a company shall be and is hereby incorporated, as a body corporate and politic, in the town of Versailles, Woodford county, by the name of the Versailles joint stock building company, for the purposes of purchasing a lot in said town, and building thereupon an odd fellows lodge, store rooms, and whatever other building the stockholders may see fit. Capital stock. Books to be opened for the subscription of stock. § 2. Be it further enacted, that the capital stock of said company shall not be more than ten thousand dollars, to be divided into shares of fifty dollars each. §3. That books for the subscription of stock may be opened in the towns of Versailles and Mortonsville, at such times as may be deemed best, under the direction of C. J. Smith, W. W. Twyman, J. W. Barr, David Thornton, George T. Cotton, and John T. Stevenson, at Versailles, and Robert Sullivan, Robert Wilhoit, and R. H. Campbell, at Mortonsville, or some one or more of them, all of whom are hereby appointed commissioners for the purpose of obtaining subscriptions to said company; and the said commissioners, or such of them as shall act, shall procure a book or books, which shall contain the following obligation, and shall be signed by every person who shall take stock 1 4. That as soon as a majority of said commissioners, or a majority of those that shall act, shall be of opinion that a sufficient amount of stock is subscribed to justify the commencement of said building, they may call a meeting of the stockholders, (having first given at least two weeks written notice, in three public places in said town, of the time and place of such meeting.) and hold an election for a president and five directors, who shall hold their offices for one year, and until other like officers shall have been elected: Provided, that should a vacancy occur, either of the office of president or director, the remainder of the directors shall fill the same by appointment. Should all the offices of the directory become vacant, from any cause, any three of the stockholders may call a meeting of the stockholders, as above mentioned, to fill such vacancy, by an election. The directory shall appoint a treasurer, and such other officers as they may deem necessary. 1851. Commissioners of time & place of opening books to give notice § 5. The treasurer, before he enters upon the duties of Treasurer's duty his office, shall execute a bond to said company, with security to be approved by the directory, in such penalty as they may deem necessary, conditioned that he will well and truly, in all things, perform the duties of his office; and, whenever a demand shall be made on him by the directors, or its authorized agent, pay over, as they may direct, all sums of money in his hands as treasurer, and hand over all books and papers belonging to the company; and the said treasurer shall continue in office until the directory shall make another appointment: Provided, that no person but a stockholder shall hold the office of president, director, or treasurer of said company. § 6. That upon the election and qualification of president and directors, they shall be a body politic and corporate, by the name and style of the Versailles joint stock building company; and, by said name, said company shall have perpetual succession, and all the privileges and franchises incident to a corporation; and shall be capable of taking and holding their capital stock, and the increase Corporate powers. 1851. and profits thereof; of purchasing, selling, and conveying lots and tenements, as the same may be deemed necessary, by said directory, in the construction of said building; to sue and be sued, to plead and be impleaded, to answer and be answered, to contract and be contracted with, to have a common seal, and generally to do all and every thing which may be requisite, and not contrary to the intention of this act. § 7. That the president and directors be elected annually; and they shall have power to make calls upon the stockholders for payment upon their several subscriptions, which calls may be made at such times and manner as they shall deem right and just: Provided, that the first call shall not be over twenty per centum on the amount subscribed, and subsequent calls not more than ten per centum: And, provided further, that the president shall put up written notice, in three public places in said town, of the amount of the call on each share of the stock, and the time of payment, at least thirty days before the calls are due. § 8. That every stockholder shall be entitled to one vote on each share owned by him to the number of twenty; and shall be entitled to one vote for every two shares over twenty and under forty, and one vote for every five shares he owns over forty: Provided, that no shareholder shall vote at any election, or be entitled to the rights of a member of said corporation, until the whole amount of his call or calls, due and payable on the share or shares by him held, shall have been paid according to the requisitions of the president and directors. § 9. That the certificate of the president, countersigned by the treasurer, shall be evidence of ownership of stock in this company; and the same shall be transferable on the books of the treasurer, in person or by attorney, when all arrearages thereon shall have been paid, and not until then. § 10. That the president and directors shall keep a fair account of all the receipts and expenditures of the company, which shall at all times be open to the inspection of any stockholder, and be laid before the shareholders at their general meetings, which meetings shall be the meeting of the board of directors next preceding the annual election. They shall, at the end of every twelve months after the completion of said building, make a dividend of the clear profits, (if there should be any,) and pay it to the stockholders. The dividends shall be declared on the first day of March in each year, unless otherwise ordered by the by-laws. § 11. That the president may call a meeting of the board of directors at such times and places as he may think proper; the president shall give the casting vote in case of a tie; a majority of the directors shall constitute a quorum; and, in the absence of the president, a majority of said directors, as aforesaid, may elect a president pro tem., who shall have all the powers of the president. § 12. That should any stockholder fail to pay the call or calls on his or her share or shares of stock for ninety days after the same is due and payable, the said board of directors shall have power to declare the said shares forfeited to the company, and may proceed to sell the same at public auction, the proceeds thereof to be applied to the construction of the building; shall have full power to pass all by-laws necessary to promote the interest of the stockholders, and to superintend the construction of said building, and the management and control of the same. The trustees of Versailles shall have power to subscribe for stock in said company, § 12. The general assembly of Kentucky hereby retains the right and power to alter, amend, change, or repeal the foregoing charter. Approved March 15, 1851. 1851. CHAPTER 455. AN ACT to extend the limits of the town of West Liberty. § 1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That the limits of the town of West Liberty be so enlarged as to include the following boundaries, to-wit: beginning at the ford of Licking river below the mills of Hazlerig and Barbour; thence in a direct line to the new school house on the side of the hill, including said house; thence in a direct line to the long branch; thence with said branch to the division fence between Hazlerig's and Burns'; thence in a direct line to the river, so as to include the dwelling now occupied by E. A. Hensley; thence with the river to the beginning. § 2. That the citizens within the limits of said town, thus enlarged, shall be entitled to the same rights and privileges, and be subject to the same responsibilities which pertain to the citizens of said town within its original limits. Approved March 15, 1851. CHAPTER 456. AN ACT to incorporate a Turnpike Road from Germantown to Thomp son's Ford, on the North Fork, in Bracken County. § 1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That a company is hereby incorporated to construct a turnpike road, of stone or plank, from the town of Germantown to a bridge at Thompson's ford, |