tucky, and any three of them, are authorized to organizo
the corporation, and shall call a meeting of stockholders,
within a reasonable time, for the election of a board of
directors; and their successors and assigns are hereby cre-
ated a body-politic and corporate, by the name of the Ohio Style.
Valley Improvement and Contract Company;" and by that
name shall have perpetual succession, with power to contract
and be contracted with, sue and be sued, answer and defend,
in all the courts and places as natural persons; to have and use
a common seal, and alter the same at pleasure; and to conduct
its business, and execute contracts in relation thereto, not
inconsistent with laws of this Commonwealth.

2. That the stockholders, once in every year, shall elect Directors. five directors, who shall serve for one year, and until their successors shall be elected and qualified; and the directors Officers. shall elect from their board a president, secretary, and treasurer, whose terms of office shall be one year, and until their successors shall be elected and qualified; and the board of directors shall have power to fill, by appointment, vacancies that may occur in the board of directors, or the offices which the board is authorized to elect, for the unexpired term or terms. The directors shall have authority to adopt, and alter or amend at pleasure, by-laws for the government of the affairs of the corporation; to provide for the issuance of certificates for shares in its capital stock, and the terms of subscription thereof and thereto, and the mode of transfer of shares of stock therein; and the corporators shall exercise the power and authority conferred upon the board of directors, until a board of directors shall be elected by the stockholders.

§3. The capital stock of the corporation shall not exceed Capital stock. five hundred thousand dollars, divided into shares of one hundred dollars each.

§ 4. The corporation shall have authority to enter into and make contracts with individuals, corporations, or associations for the construction of railroads, street railways, turnpikes, elevators, docks, wharves, public buildings, and parks; and may provide in contracts made by it for payment to be made in bonds or stock of corporations, or may secure the payment of any or all sums of money named in contracts made by it with any of the above named parties, by a mortgage or mortgages on the property, which the contracting parties may be author

ized under the law to convey by mortgage or otherwise; and
the corporation may purchase, and sell and convey, any and
all property which may be sold upon judgments rendered in
actions to foreclose the mortgages made to it.

$5. This act shall take effect from and after its passage.
Approved March 13, 1882.

.Poll-tax.

Ad valorem tax.

CHAPTER 437.

AN ACT for the benefit of common school district No. 40, of Trigg county.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That common school district No. 40, in Trigg county, which includes the town of Cadiz, be, and the same is hereby, placed under the control and management of the trustees of the Cadiz High School, as hereinafter specified.

§ 2. The trustees of the Cadiz High School shall act as common school trustees of said district No. 40, and shall, in all matters, be governed and controlled by the laws now in force or that may hereafter be enacted regulating the duties of trustees of common schools in Kentucky.

§3. It shall be lawful for the said trustees of the Cadiz High School, at any regular or called meeting of said trustees, to levy and cause to be collected annually, a poll-tax, of not exceeding five dollars on each white voter in said school district entitled to vote therein, and an ad valorem tax, of not exceeding fifty cents on each one hundred dollars' worth of property in said common school district taxable under the revenue laws of Kentucky; said taxes to be levied and collected of white persons only.

4. The taxes provided for in the preceding section, when collected, shall be applied and appropriated by said trustees to the payment of teachers' wages in said school, and other necessary expenses in carrying on same.

5. That before this act shall go into effect, upon the application of said board of trustees, or a majority of same, the same shall be, by the order and direction of the county judge of Trigg county, submitted to the qualified white voters of said common school district by an election, to be held at the court-house in the town of Cadiz, twenty days previous notice of which election shall first be posted at the

1

court-house door and at least four other public places in said town of Cadiz, stating the time, place, and object of said. election; said election to be held and conducted by officers appointed by the county judge of Trigg county for that purpose, on a day to be fixed by said county judge as said trustees may request; and it shall require a majority of the votes cast at said election before this act shall become a law, and unless a majority of the votes so cast be in favor of this act, the same shall be null and void; but if there be such a majority of votes in favor of same, then this act shall be in full force and effect from date of such election.

§ 6. The county judge of Trigg county shall appoint two judges and a clerk to hold the election provided for in section five of this act, who shall first be duly sworn as such before proceeding to act, and shall hold the said election, open the polls for same, and keep same open from eight o'clock, A. M, until 5 o'clock, P. M.; and the question shall be distinctly propounded to each and every voter "Are you for or against the proposed school tax in this district?" and his vote shall be recorded according to his answer. Said officers shall return the poll-book of the said election, certifying the result thereof, to the county court clerk's office of Trigg county, and same shall be filed and preserved therein; and said poll-book shall be examined by the said county judge, and if it appear that a majority of the votes cast at said election were in favor of said tax as provided in this act, said judge shall cause same to be entered on the records of the Trigg county court, and said trustees shall have same entered upon the journal of their proceedings, and then proceed to levy, and cause to be collected, the taxes as herein provided for.

§ 7. That the taxes provided for in this act may be collected by the sheriff of Trigg county, or by a collector appointed by the board of said trustees, in the same way and manner, and with the same powers, and under same restric tions and penalties, as the revenue tax of this State is collected; but before proceeding to collect the said taxes, tle said sheriff or collector shall execute bond, with good and sufficient sureties, to the trustees of the Cadiz High School, for the faithful discharge of his duties under this act, and to pay over to the proper person, in due time, any and all money or taxes which may be collected by him, or for which he is LOC. L., VOL. I-48

liable under the provisions of this act, which bond shall be approved by the president of said board of trustees, and attested by the secretary thereof, and carefully preserved by him. For any violation or failure to perform the duties imposed thereby, said trustees may sue on said bond in the circuit court of Trigg county.

§ 8. That on or before the first day of July of each year, the said trustees shall cause to be made out in alphabetical order a certified list of all persons and amount of taxable property owned by them taxable under this act in said common school district number forty, as shown by the assessor's book for said county of Trigg, made out and returned by the assessor to the county court clerk's office, together with the amount of taxes due and owing by each person thereon; and upon the receipt of which list, the said sheriff or collector shall proceed to collect the said taxes as provided in this act in the same way and manner, and with same powers as are now allowed by law for collecting the State revenue.

9. That on the first day of each month after receiving said list the sheriff or collector shall report to, and pay over immediately to the treasurer of the board of Trustees of Cadiz High School" the amount of taxes collected by him, and shall, on or before the first day of June in each year, account for and pay over to the said treasurer all taxes for which he is bound under this act; and upon his failure to do so, he and his sureties shall be liable therefor, and shall be proceeded against as provided for in this act.

§ 10. That the sheriff or collector shall be allowed the sum Compensation to of six per cent. commission upon all money collected and accounted for or paid over to the said treasurer in each year under this act.

sheriff.

fund.

11. The said trustees of the "Cadiz High School" shall report to the common school commissioner of Trigg county in the same manner, and at the same time, that trustees of common schools are required to do, and it shall be the duty Pro rata school of said commissioner to draw and pay over to the said trustees all the money due to the said common school district number forty for white children in that year; but said money shall only be used by said trustees in paying teachers: And provided, Said trustees make provision for all the white children of pupil age in said common school district to attend said "High School," under the requirements of the common

school law of Kentucky: And provided. It shall be lawful for said trustees to have said school taught for the period of ten months annually, if they deem it advisable.

$12. This act shall take effect and be in force from and after its ratification, as provided for in sections five and six of

same.

Approved March 13, 1882.

CHAPTER 438.

AN ACT to amend the charter of the Deposit Bank of Smith's Grove. Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That the charter of said bank be so amended as to allow the stockholders in said institution to fix the number, time, and manner of electing or appointing directors for the government of said bank, and the time for which they shall be chosen to hold office: Provided, That the same be done by and with the unanimous consent of all the stockholders in said bank.

§2. This act shall take effect from and after its passage. Approved March 13, 1882.

CHAPTER 439.

AN ACT to establish a high school in the town of Dixon, in the county of

Webster.

Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That there is established in the town of Dixon, in the county of Webster, a high school, to be called the Dixon High School, and is to embrace a district of two miles square, with the center at the center of the cross of Main and Leiper streets in said town; and the boundary lines to be parallel with said streets-that is, two lines to be parallel with each of said streets.

§ 2. The same persons in said district to be admitted free in said school as are by law admitted to common schools in this State; and such other persons may be admitted by and upon such terms as the trustees may prescribe.