CHAPTER 371. AN ACT to incorporate the Farmers' Bank, in Todd county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: 1. That there is hereby established in the town of Tren- Capital. ton, Kentucky, a bank of discount and deposit, with a capital of fifty thousand dollars, in shares of one hundred dollars each, to be subscribed and paid for as hereinafter specified; and the subscribers, their associates, successors, and assigns, shall be a body-politic and corporate, by name and style of Style. "Farmers' Bank," and may so continue for the period of twenty years after its organization. §2. Said bank shall have all the rights and privileges of a natural person in contracting and being contracted with, in sueing and being sued, and of impleading, answering, and defending, in all courts and places whatsoever. § 3. Said bank may have a corporate seal, and change the same at pleasure. § 4. The corporation shall be under the control of five Directors. directors, who shall be stockholders residing in the State, and chosen by representatives of the stock, each share counting one vote, and each director must receive a majority of votes in order to his election, but no unpaid for stock shall be rep resented in any election. Said directors shall hold office till their successors are appointed or elected. $5. The board of directors shall elect one of their number President- duties as president of the bank, who shall receive a majority of the votes of the directors in order to his election, whose duty it shall be to preside at the meetings of the board, and discharge any other duties assigned him by the board. 6. The board of directors shall declare dividends of the Dividends. profits of the business, to employ all agents, officers, or employes necessary to conduct the business of the bank, shall fix their compensation and order payment of the same. § 7. The stock shall be deemed personal property, and is transferable only on the books of the bank by the stockholder in person or by his attorney. § 8. That Col. E. G. Sebree, G. E. Garth, Dr. Dickinson, Commissioners. C. W. Ware, M. B. L. Cook, J. F. Crunk, and C. D. Runyon are hereby appointed commissioners, any three of whom, after notifying the others, may open books in the town of Trenton Oath. or elsewhere, and receive subscriptions for the capital stock of said bank, and when ten thousand dollars thereof shall be subscribed, it shall be their duty to notify the stockholders, and appoint a day for the election of a board of directors, who shall hold office till the first annual meeting thereafter, or until their successors are elected. Said annual meeting shall take place the second Monday in May of each year, or as soon thereafter as convenient, and when ten thousand dollars of the capital stock shall have been paid in, the corporation may commence business; the board of directors may fix the time for the payment of the stock remaining unpaid; but any stockholder has the privilege of paying the whole or any part of his subscription in advance of calls made thereon. $9. Said bank may receive on deposit gold and silver coin, bullion, bank notes, or other notes that may be lawfully circulating as money, and repay the same at such time, in such manner, and with such rate of interest, not exceeding six per cent. per annum, as may be agreed on with depositors by special or general contract; may deal in loaning of money; may buy and sell bills of exchange, coin, premium notes, uncurrent money, stocks, bonds, and other evidences of debt; may take personal or other security for payment of same, and dispose of as provided by an act, entitled “An act for the benefit of the incorporated banks of this Commonwealth," approved March 16th, 1871, and pass a valid title to the same. § 10. Said bank may acquire, hold, and use such real estate, goods and chattels, as may be necessary and convenient for the transaction of its business and its safety, or which may be conveyed to it as surety for any debt, or purchased in satisfaction of any debt, judgment, or decree, and may sell and convey the same, or may buy its own stock in payment of any debt, judgment, or decree, but shall resell the same as soon as practically convenient. § 11. Every stockholder shall be responsible to the creditors of the bank to the full amount of his stock; but when the same shall have been paid in full, then no further responsibility attaches to stockholders. 12. The president, directors, and other officers of the bank shall take oath before a justice of the peace of this Commonwealth that they will, to the best of their skill and judgment, discharge every duty faithfully growing out of their respective offices, or that may be properly assigned to them. § 13. The indebtedness of this corporation, over and above Indebtedness. that incurred for cash deposits, shall at no time exceed the amount of its paid-up stock. § 14. This corporation shall pay into the State Treasury Tax. fifty cents on each one hundred dollars of its paid up capital, in lieu of all State taxes. 15. This act shall be subject to amendment or repeal, in the discretion of the Legislature, and shall take effect and be in force from and after its passage: Provided, It is organized within one year after its approval by the Governor; otherwise to be null and void. Approved March 6, 1882. CHAPTER 372. AN ACT to incorporate Visitation Academy of Paris, Kentucky. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That Mother Superior Mary Gonzaga Carragher, and Incorporators. Sisters Mary Josephine Green, Mary Clara Cramer, Mary Cecilia Kean, and Mary Gertrude Hunt, and their successors, be, and they are hereby, constituted a body-politic and corporate, under the name and style of the "Trustees of Visita Style. tion Academy at Paris, Kentucky," and by that name they shall have perpetual succession, with power to adopt and use a common seal, and change the same at pleasure; to make contracts and be contracted with for the benefit of said academy; to sue and be sued; to acquire by gift, grant, deed, devise, purchase, or otherwise, any real or personal estate, not exceeding one hundred thousand dollars ($100,000) in value; to sell and dispose of the same at pleasure, and reinvest the proceeds in such real or personal estate for the use of said academy as they may think proper. § 2. The trustees named in the first section of this act may Trustees. elect from their own body a president, treasurer, and secretary, who shall discharge the duties required of them from time to time, in compliance with such rules, regulations, and by-laws as said trustees may make and adopt for the management and control of said academy, not inconsistent with the Quorum. Powers. Constitution and laws of this State and of the United States' and said trustees are hereby empowered to adopt such bylaws, rules and regulations. 3. A majority of said trustees shall form a quorum to do business; they shall have power to employ officers, agents, teachers, and assistants, to fix their salaries, to regulate and fix tuition fees, and in every way to manage and conduct the financial and educational interests of the institution. § 4. Said trustees shall have power to confer degrees of honor and merit, and award diplomas of graduation in literature, science, and arts; to prescribe and regulate the course of studies in said academy; they shall have power to fill vacancies in their number occasioned by death, resignation, removal, or otherwise. § 5. This act shall take effect and be in force from and after its passage, and the General Assembly reserves the right to alter, amend or repeal this charter. Approved March 6, 1882. CHAPTER 373. AN ACT to repeal an act, entitled "An act to incorporate the town of Springville, in Greenup county," approved March 3, 1873, and all acts amendatory thereto. Be it enacted by the General Assembly of the Commonwealth • of Kentucky: 1. That chapter 288 of Session Acts of 1873, approved March 3d, 1873, entitled "An act to incorporate the town of Springville, in Greenup county," and all acts amendatory thereto, be, and the same are hereby, repealed. §3. That this act shall take effect from its passage. Approved March 6, 1882. CHAPTER 374. AN ACT to amend an act, entitled "An act to prevent base ball playing on Sunday in Kenton county." Be it enacted by the General Assembly of the Commonwealth of Kentucky: 1. That section one of an act, entitled "An act to prevent base ball playing on Sunday in Kenton county," be, and the same is hereby, amended by inserting after the word "place," in the fourth line of said section one of said act, the words: "within three hundred yards of any residence or place of worship:" Provided, This act shall not apply to the county of Kenton outside the city of Covington." § 2. This act shall take effect from and after its passage. Approved March 6, 1882. CHAPTER 376. AN ACT authorizing the county court of Rowan county to sell or lease a portion of the public square. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That it shall be lawful for the county court of Rowan county, a majority of the magistrates being present and concurring therein, to sell or lease a portion of the public square, make a title, and receive the money for the same. § 2. This act to take effect from and after its passage. Approved March 6, 1882.. CHAPTER 377. AN ACT to incorporate Jessamine Lodge, No. 1769, Grand United Order of Odd Fellows. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That J. L. Dudley, Manuel Jackson, John Scott, Wil- Corporators. liam Chrisman, sr., and George Kennedy, and their associates, be, and they are hereby, created a body-politic and corporate, by the name and style of Jessamine Lodge, No. 1769, Grand United Order of Odd Fellows, and they and their successors. shall so continue and have perpetual succession, and by that name may sue and be sued, contract and be contracted with, and may make and have a common seal, and may acquire and hold real or personal property, not to exceed $15,000 in value, and may sell the same for re-investment, and may make such regulations and by-laws for their government as are not in violation of law. § 2. The financial affairs of said lodge shall be conducted Trustees.. and managed by five trustees, who shall be elected every |