1851. Real estate ac within 5 years. 31. That the real estate purchased by this institution, or the legal title of which shall be acquired in any way, quired to be sold (except such as may be held for the purposes mentioned in the first section of this act,) shall be sold within five years after it shall have perfected its title thereto; and on their failure to comply with the provisions of this section, the same shall vest in the commonwealth. issued as cur. §32. That it shall not be lawful for said institution to No note to be issue any note or bill to be passed and used as currency; and if it shall so presume to do, the charter shall be forfeited, as provided in the fourth section of this act. Approved March 20, 1851. rency. CHAPTER 509. AN ACT to unite into one the Louisville and Sulphur Well Turnpike Road § 1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That it shall be lawful for the Louisville and Sulphur Well turnpike road company, established under and by virtue of the act, entitled, "an act to authorize the construction of plank, stone, and gravel turnpike roads in this commonwealth," approved March 7, 1850, to unite both companies and roads under the charter of the said Louisville and Sulphur Well turnpike road company; and after the union, the stockholders in the Louisville and Shepherdsville plank road company shall succeed to all the rights, benefits, and privileges of the stockholders in the Louisville and Sulphur Well turnpike road company, in as full and ample a manner as if they had originally subscribed for and taken stock in said company; and this last named company shall be under all the obligations and requirements imposed by the charter of the said Louisville and Shepherdsville plank road company, and have all its rights, benefits and privileges, and particularly the right to set up a toll gate, and collect tolls thereat, on the branch of said road next to the city of Louisville and coming in on Preston street; and, also, shall have the power, right, and privilege to change the location of said road southwest of Montgomery's Spring, in Jefferson county, so as to make a proper connection with any turnpike or plank road leading from Shepherdsville, in Bullitt county, to their said road at the Bullit county line; and in order to promote the construction of a continuous turnpike or plank road from Shepherdsville to their said road, said company shall have the right to subscribe stock in any turnpike or plank road company from Shepherdsville, to connect with their said road, on such terms and conditions as may be agreed upon, and also to borrow money for either of said purposes. §2. That after the union of said two companies, as herein provided, the stockholders of both companies shall, at the first annual election of president and managers thereafter, and so in each and every year thereafter, elect a president and six managers, as provided in the charter of the said Louisville and Sulphur Well turnpike road company, for the management of their affairs. § 3. That this act shall not take effect so as to unite said Louisville and Sulphur Well turnpike road company, and the Louisville and Shepherdsville plank road company, until its provisions shall have been accepted, in writing, by the officers of said corporation authorized to bind the same by contract. Approved March 20, 1851. 1851. CHAPTER 511. AN ACT to incorporate the Greenville Mansion Hotel Company. § 1. Be it enacted by the General Assembly of the Common Name and style. wealth of Kentucky, That C. Bell, B. E. Pittman, G. W. Short, T. R. Mathews, and R. S. Russell, and their successors in office, shall be and they are hereby created a body politic and corporate, by the name and style of the president and directors of the Greenville mansion hotel company, and, by that name, made capable in law to hold and acquire, by gift, grant, or devise, any real and personal estate in or near the town of Greenville, in Muhlenburg county, and the same to sell and convey at pleasure; to sue and be sued, defend and be defended; to have and use a common seal, and the same to break or change at pleasure, and to do and perform all acts necessary to carry into ef fect the provisions of this act, and promote the objects of this corporation, that they may deem proper. § 2. The capital stock of said company shall be not exceeding twenty-five thousand dollars, which shall be divided into shares of twenty dollars each, which shall be issued as the president and directors may, by by-laws, determine, and which shall be held and considered as personal estate, and pass by assignment of the holder, or his personal representative. Capital stock. Books to be opened for the no- stock. § 3. The corporators named in this act shall cause books to be opened for the subscription of stock to said compa- subscription of ny, at such time and place as they may deem advisable, tice of which they shall cause to be given in such manner as they may determine; and when the sum of five thousand dollars is subscribed, said corporators shall cause notice thereof, by written advertisements posted up at such places as they may deem proper, to be given, and convene the stockholders, on some day and at such place as said corporators may indicate in the notice, for the purpose of 1851. Each share en vote. electing a treasurer, secretary, and five directors, from among themselves, for that year. § 4. That at such election each stockholder shall be entitled to one vote for each share of stock held by him, either titled to one in person or by proxy; and after the election of said treasurer, secretary, and five directors, the directors thus chosen shall elect one of themselves president; and said president and directors, secretary, and treasurer shall hold their office for one year, and until their successors are chosen and accept. laws, &c. 5. The said president and directors may pass all bylaws for the government of said company, and necessary May enact by for the purpose of carrying out the provisions of this act; and may, after said five thousand dollars have been subscribed, proceed to have the same called in and applied to the erection of a hotel, with all the necessary appendages and out houses, in the town of Greenville, on such a plan and terms as they may deem to the interest of said company: Provided, however, that the by-laws permitted by this section shall not be inconsistent with the constitution and laws of this commonwealth. re-opened. § 6. That said president and directors shall, if the whole Books may be of said capital stock has not at any time been subscribed and taken, direct books to be opened for subscription of the portion remaining untaken, at such times and places as they may deem advisable; and said president and directors may cause certificates of stock to be issued, in such manner, and with such form as they may prescribe; and any three of the directors, with the secretary and treasurer, shall constitute a quorum for the transaction of business. Netto engage In bauking. § 7. The said corporation shall not exercise banking privilege, nor do any acts which is inconsistent with the meaning of this charter; and, for any violation thereof, the privileges herein granted shall be forfeited by the judgment of the Muhlenburg circuit court, by proceedings to be instituted by scire facias, in the name of the commonwealth. Approved March 20, 1851. CHAPTER 512. AN ACT to incorporate the Paint Lick Presbyterian Church in Garrard county. § 1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That H. T. Terrill, William Baird, Jas. Denny, Rice G. Woods, George Denny, and Franklin Moran, and their successors, be and they are hereby created a body corporate and politic, by the name and style of the trustees of the presbyterian church at Paint Lick, Garrard county; and, by that name shall have perpetual succession, and, in their corporate name, shall have full power to buy, sell, and convey, and receive by way of gift, conveyance, devise, or bequest, any and all property, real or personal, and to hold and convey title to the same, with all the powers incident to such corporations, (not contrary to the constitution of this state,) for the purpose of suing and being sued, pleading and being impleaded, so far as may be necessary to protect the rights, titles, privileges, possessions, and immunities of said church, which now do, or may hereafter belong to the same; to hold and employ the land and other property, and make contracts concerning the same, solely and conclusively for the purpose of sustaining and carrying out the educational and religious interests of said. church: Provided, that said Franklin Moran is not to act as trustee aforesaid, until certain business transactions now pending between him and the church are settled. § 2. That the session of said church shall be, ex officio, the successors of the aforenamed trustees; said trustees to continue in office during life, or so long as they reside in the bounds of said church. § 3. The legislature reserves the right and power to repeal or modify this act at pleasure. Approved March 20, 1851. 1851. CHAPTER 514. AN ACT for the benefit of the town of Russellville. Be it enacted by the General Assembly of the Common wealth of Kentucky, That the trustees of the town of Russell. ville, or their agents, be and they are hereby authorized to open a street in said town, as follows: beginning at the line of boundary between Mrs. Hester Edward's land and the town of Russellville; running thence in a northeastwardly direction to Nashville street; running by H. P. Broadnax's lot, through the south end of the new grave yard of said town, and lots in the possession of John B. Bibb, to said Nashville street, or according to the following order of the trustees of the town of Russellville: "Ordered, that the south string of the new grave yard fence be removed in about twenty-one feet, or sufficient to have a street between said fence and judge Broadnax's fence, of thirty feet;" which said street, when so opened, shall be a public street, and under the control of the trustees of the town of Russellville. Approved March 21, 1851. CHAPTER 516. AN ACT legalizing the proceedings of the Owsley County Court. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That the laying of the levy for the county of 1851. Owsley, by the justices of said county, at their January term, 1851, be and the same is hereby legalized and made as valid in law as though the same had been done at the fall term of said court, as now required by law. Approved March 21, 1851. CHAPTER 517. AN ACT to incorporate the Baptist Church of Bedford, Trimble county. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That Frederick Duncan, Brooks R. Pergison, and Isaac Johnson, and their successors in office, be and they are hereby created a body politic and corporate, by the name and style of the trustees of the baptist church in the town of Bedford, Trimble county; and, by that name, to have perpetual succession, with all powers incident to corporations, for the purpose of suing and being sued, pleading and being impleaded, so far as may be necessary to protect the rights, titles, property, privileges, possessions, and immunities of said church, which now, or may hereaf ter belong to the same; that whenever vacancies may occur in the office of the trustees, it shall be lawful for them to be filled pursuant to the discipline and rules of said church. The right is hereby reserved to the legislature to alter, amend, or repeal this act at pleasure. Approved March 21, 1851. CHAPTER 518. AN ACT to incorporate Augusta Lodge, No. 80, of Free and Accepted § 1. Be it enacted by the General Assembly of the CommonName and style.. wealth of Kentucky, That the members of Augusta lodge, No. 80, in Bracken county, of free and accepted masons, be and they are hereby created a body politic and corporate, by the name and style of Augusta lodge, No. 80, with perpetual succession; and, by that name and style, shall be capable of contracting and being contracted with, of suing and being sued, of pleading and being impleaded, of purchasing and holding all such real and personal estate as may be required for the use of said lodge; to receive all necessary conveyances, to sell, convey, and dispose of all such real or personal estate as they may now have or hereafter acquire: Provided, the amount vested in real estate, exclusive of the buildings, shall at no time exceed ten thousand dollars. § 2. That the management of the concerns of said corporation shall be and is hereby confided to George Green, cerns of corpo jr., Lewis Weimer, Robert S. Owens, and William Nor Trustees to manage con ration. |