that the amount realized from this source shall not exceed twenty thousand dollars. § 8. This act shall take effect from its passage. Approved January 14, 1882. CHAPTER 50. AN ACT to Incorporate the Kentucky Wagon Manufacturing Company. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That "The Kentucky Wagon Manufacturing Com- Name. pany" be, and the same is hereby, incorporated, and by that name it may sue and be sued, contract and be contracted with; it may have a seal, and alter or change the same at Powers. pleasure; acquire, hold, and transfer all real and personal property necessary for the conducting of its business, and for securing debts and liabilities to it, as fully as though it was a natural person, and also shall have the rights, powers, and privileges ordinarily pertaining to corporate bodies of like character. It may, by its directors, make all rules and by- Rules and bylaws necessary for the management of its affairs not inconsistent with the Constitution and laws of this State or the United States. laws. tal. paid in. 2. That the capital stock of this company shall be three Amount of capihundred thousand dollars ($300,000), to be divided into shares of one hundred dollars ($100) each, and the stockholders may, whenever they deem it proper, increase said stock from time to time until it shall reach one million dollars. The said company may carry on its business when- Amount to be ever 1780 shares of stock have been subscribed and paid in. Certificates of stock shall be issued to each stockholder, signed by the president and countersigned by the secretary, which shall be transferable by the holder; but no such trans- Stock, and transfer shall be valid, except between the parties thereto, until the same is regularly entered upon the books of the company, so as to show the name of the person to whom and by whom made, the date of the transfer, and the number of the shares transferred. §3. The business of this company shall be conducted by a board of not less than five nor more than nine directors, to be chosen by the stockholders from their own number, and who shall vacate their offices when they cease to be stock fer of same. Directors. holders. They shall hold office for two years from the regular election, and until their successors, duly chosen, shall enter upon the duties of their office; but whenever a majority of the newly elected directors shall enter upon their offices, then all the members holding over shall cease to act. The directors shall have power to fill any vacancy in the directory until the regular election. They shall appoint one. of their number president, and one vice president, and appoint a treasurer, general manager, secretary, and superintendent, and may engage such other subordinate officers as they may deem necessary, and may fix the salaries and times and manner of payment of all officers, and shall prescribe the duties of all such. A majority of the directors or stockholders shall constitute a quorum to transact business whenever a meeting of either is held. The times of holding all elections shall be fixed in the by-laws of the company, and each share of stock shall entitle the holder to one vote in all elections or matters submitted to a vote of the stockholders. § 4. The business of this company shall be manufacturing, selling, buying, and trading in sleighs, wagons, buggies, carriages, wheelbarrows, carts, and wheeled vehicles of all kinds, and the materials used in the construction of the same, and shall be carried on in or near Louisville, Jefferson county, Kentucky; but it shall have the right to establish agencies and offices elsewhere to assist in carrying out the objects of the company. § 5. The company organized under chapter 56, title" Incorporated Companies," of the General Statutes, called the Ken. tucky Wagon Manufacturing Company, may, by a vote of the majority of its stock, accept this charter; when that is done. the capital stock of that company shall become capital stock in this company, and the assets and liabilities of that company shall become the assets and liabilities of this company, and certificates of stock in that company shall be surrendered and new ones issued, and this company shall supersede and stand in place of that one in every particular, except that its corporate existence, rights, powers, and privileges shall bederived from this charter instead of from chapter 56 of the General Statutes, and all the powers of the former company under said chapter shall cease to exist. That Stephen E. Jones, president; Irvine H. Eddy, vice president; Wm. C. Nones, treasurer and general manager, and C. B. Robinson, secretary, officers; and Stephen E. Jones, Irvine H. Eddy, Wm. C. Nones, C. B. Robinson, W. M. Robinson, R. J. Browne, E. T. Halsey, Jno. H. Ward, and W. II. Webster, directors of said company, shall continue in office until 2d Tuesday in January, 1883, unless they or either of them shall become disqualified as provided in section three of this act, or shall resign. But the directors may at any remove any officer for cause. § 6. The directors shall declare and pay to the stockholders, Dividends. from the net profits of the business, such dividend or dividends as in their discretion is wise and prudent. 7. The private property of the corporators and stockholders of this company shall be exempt from all liability for the debts or liabilities of the company. §8. This act shall take effect from and remain in force fifty years after its passage. Approved January 16, 1882. CHAPTER 51. AN ACT to incorporate Wingate Lodge, No. 161, Free and Accepted Masons, in Shelby county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the officers and members of Wingate Lodge, No. 161, of Shelby county, and those who may hereafter become members thereof, be, and they are hereby, created a bodycorporate, by the name and style of Wingate Lodge, No. 161, Free and Accepted Masons; and by that name shall have perpetual succession, and 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 and accommodation of said lodge; to receive all necessary conveyances; to sell, convey, and dispose of all such real and personal estate as they now have or may hereafter acquire, or any interest therein. § 2. That the management of the concerns of said lodge shail be, and is hereby, confined to J. L. Wright, W. P. Ray, W. L. Hammond, and C. Basye, master, wardens, and secretary of said lodge, and their successors in office, as trustees thereof, who shall have full power to make all contracts per taining to the personal or real estate in any respect, either in purchasing, building, renting, selling, or for any and every other purpose, which shall be binding and obligatory upon said lodge when made in pursuance of an order under the by-laws and instructions of said lodge; and service of process on any of said trustees shall be sufficient notice to said corporation. §3. That all acts of said lodge heretofore done, or of any member thereof, in behalf of said lodge, touching the purchase, building, holding, sale, loaning, and conveyance of any property owned, used, or conveyed by said lodge, or any member thereof acting as a committee appointed by said lodge, and in pursuance of instructions thereof, be, and the same are hereby, legalized and confirmed as fully and effectually as if done in their present incorporated capacity as herein created. § 4. Said corporate body may have and use a corporate seal, which they may alter or renew at pleasure. § 5. The General Assembly reserves the right to amend, change, or modify this charter at pleasure. § 6. This act shall take effect from and after its passage. Approved January 16, 1882. CHAPTER 52. AN ACT to amend an act, entitled "An act to organize, establish, and incorporate the Cadiz High School, in the town of Cadiz, in Trigg county," approved February 26, 1878. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the provisions of section twenty of an act, entitled "An act to organize, establish, and incorporate the Cadiz High School, in the town of Cadiz, in Trigg county," approved February 26, 1878, be, and the same is hereby, amended and continued in full force and effect for the period of five years from and after the 26th day of February, 1883. § 2. That hereafter the one or more poor orphan children of Trigg county, to the payment of whose tuition the interest upon the money received by the said school from the estate of M. McCollum, deceased, is devoted, shall be named and appointed by the trustees, or a majority of the trustees of the said Cadiz High School, instead of the county judge of Trigg county, as now provided by law. §3. That all acts in conflict with this act are hereby repealed. § 4. This act shall take from and after its passage. Approved January 16, 1882. CHAPTER 53. AN ACT to prohibit the sale of spirituous, vinous, or malt liquors within one mile of the Seven Gums, in Union county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That it shall be unlawful for any person to sell or vend spirituous, vinous, or malt liquors, or a mixture of either, at the Seven Gums, in Union county, or within one mile thereof. §2. That any person who shall sell or vend, in any manner whatever, any spirituous, vinous, or malt liquors, or a mixture of either, at Seven Gums, or within one mile thereof, shall be deemed guilty of keeping a tippling-house, and for each offense shall be fined not less than twenty nor more than Fine sixty dollars. §3. Prosecutions for a violation of the provisions of this act may be had in any court having jurisdiction to try such offenses under the General Statutes. § 4. This act shall take effect from its passage. Approved January 16, 1882. CHAPTER 54. AN ACT to prohibit the sale of spirituous, vinous, and malt liquor in the town Hardinsville, Shelby county, Kentucky. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That it shall not be lawful for any person or persons to sell any spirituous, vinous, or malt liquors within the limits of the Hardinsville voting precinct, of Shelby county. §2. That for every violation of section one, the penalty shall be as prescribed by the General Statutes for retailing without license or keeping a tippling-house. § 3. This act to take effect from and after its passage. Approved January 16, 1882. |