Gambar halaman
PDF
ePub

demand or obtain a division of the property of said company. The company shall have and retain a lien upon the share or shares of any stockholder for any indebtedness of such stockholder to said company until such indebtedness is fully satisfied and discharged; and no sale or transfer of any stock by such stockholder shall avoid or vacate such lien of said company until such indebtedness to said company is fully paid and discharged. The private or individual property of the stockholders, including the original incorporators, shall not be liable for the debts or liabilities of said corporation.

7. The said company shall have the power to borrow money or create indebtedness to an amount not exceeding its authorized capital stock, for the purpose of carrying on its business, and may, through its board of directors, issue bonds, or execute its promissory notes or bills of exchange therefor, payable at such times and places as may be deter mined upon by its board of directors, and mortgage its property as security for the same.

8. The principal office of said corporation shall be at Ludlow, Kentucky; but said company may establish agencies and open offices for the transaction of its business at such other place or places, either within or without the State of Kentucky, as its board of directors may from time to time determine upon.

§ 9. This act shall take effect from and after its passage. Approved March 24, 1882.

CHAPTER 552.

AN ACT to incorpora'e the Citizens' Gas and Electric Light Company of Owensboro, Kentucky.

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

§1. That Andrew Castlen, B. Bransford, R. Monarch, Samuel Drabelle, A. C. Thompkins, H. B. Phillips, George W. Jolly. and their associates, successors, and assigns, be, and they are hereby, created a body-politic and corporate, under the corporate name of the Citizens' Gas and Electric Light Company of Owensboro, Kentucky; and by that name and style shall have perpetual succession, and be capable in law

to sue and be sued, contract and be contracted with, the same as natural persons; and to have, possess, enjoy, and retain such lands, tenements, hereditaments, goods and effects, as may be necessary and convenient for the construction and operation of gas-works, or electric light works, or both, in and near the present and future limits of the city of Owensboro, Kentucky, and the successful prosecution of the business of the said company; and to mortgage its works, together with its lands, machinery, pipes, outfit, properties, rights, liberties, privileges, and franchises, and all the toll, income, rents, issues, and profits held and thereafter to be acquired by it; and to ordain and put in execution all such by-laws, rules and regulations, as shall seem proper to it for its government and for carrying out the objects of its existence, provided they be not contrary to the Constitution and laws of this State and. of the United States; and to have and use a common seal, and alter and renew the same at pleasure

§ 2. The business of said company shall be, in and near thecity of Owensboro, to manufacture and sell gas or electric light, or both, and to deal in all materials used or produced by said company in the manufacture of gas or electric light,. or both, and to do such plumbing and gas-fitting as is necessary for supplying light to its consumers; and the said company may supply gas or electric light, or both, to said city of Owensboro and to the county of Daviess, and the inhabitants of the said city and of the said county, for public and private purposes, upon such terms as the said company and its consumers may agree, and to use the streets, alleys, and other public places within the present and future limits of the said city, by permission of the city council thereof, and the public ways of the said county, for the purpose of laying, taking up and repairing pipes, conduits, posts, and other apparatus. for the supply of gas or electric light, or both; but there shall be no continued obstruction of the said streets, alleys,. and public places and ways, and they shall be restored by sid company after their use to their former condition; and power is hereby conferred upon the city of Owensboro to contract with said company for public lighting in the said ity, and to pay therefor.

§3. That the capital stock of said company shall be one hundred thousand dollars, divided into one thousand shares

of one hundred dollars each, but may be increased by said company, as it may deem best for the purposes of this act, to a sum not exceeding two hundred and fifty thousand; and the said company may begin its actual business so soon as fifteen thousand dollars of its capital stock shall have been subscribed.

4. That the affairs of the said company shall be conducted by a board of directors of seven stockholders, who shall be elected on the first Monday in February in each and every year during the existence of said company for the term of one year, and until their successors are elected, which board shall elect out of its number for its own term a president and a vice president; and which board shall have power to appoint a secretary and treasurer, and all such other officers and agents, and upon such terms and with such authority as it may deem best. The incorporators of the said company shall be the board of directors until the first election.

5. That if any person shall injure any of the posts of the said company, or injure any pipe, fixture, machinery, or other apparatus or property of the said company, or let on or turn off or use any gas or light or power supplied by the said company without authority from the said company, every such person, and his, her, and their aiders and abettors, shall, on conviction thereof before any competent authority having jurisdiction, be fined in a sum not less than three dollars nor exceeding fifty dollars for each and every such offense, together with the costs of prosecution, and shall be liable beside to the said company for all damages; and it shall be the duty of the city marshal and police of the city of Owensboro diligently to enforce this law within the limits of said city. § 6. That this act shall take effect from its passage.

Approved March 24, 1882.

CHAPTER 555.

AN ACT to amend an act, entitled "An act authorizing the Commissioners of the Sinking Fund of the city of Louisville to secure the payment of eight hundred and fifty city of Louisville coupon bonds by accepting in pledge from the Louisville and Nashville Railroad Company, a sufficient number of United States bonds to meet the same, principal and interest, at maturity," approved February 1st, 1882.

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

1. That section one of an act, entitled "An act authoriz

ing the commissioners of the sinking fund of the city of Louisville to secure the payment of eight hundred and fifty city of Louisville coupon bonds, by accepting in pledge from the Louisville and Nashville Railroad Company a sufficient number of United States bonds to meet the same, principal and interest, at maturity," approved February 1st, 1882, be, and the same is, so amended as to authorize the commissioners of said sinking fund to accept in pledge and as security for the payment of interest and principal of the said eight hundred and fifty city of Louisville coupon bonds a deposit of a sufficient number of United States bonds, city of Louisville bonds, or such other bonds as will, in the judgment of said commissioners, fully meet the interest and discharge the principal of said bonds at or before their maturity; and upon such deposit being made, or upon the payment of said eight hundred and fifty coupon bonds, interest, and principal aforesaid, the stock issued by the said Louisville and Nashville Railroad Company on account of the issue of said eight hundred and fifty bonds aforesaid, shall be surrendered to the Louisville and Nashville Railroad company.

§2. This act shall take effect from its passage.

Approved March 24, 1882.

CHAPTER 556.

AN ACT to amend an act, entitled "An act to authorize the county court of
Hart to borrow money to relieve the poor of said county," approved
February 23, 1882.

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

1. That an act, entitled "An act to authorize the county court of Hart to borrow money to relieve the poor of said county," approved February 23d, 1882, be so amended that it shall be the duty of the judge of the Hart county court to appoint one discreet person, whose duty it shall be to see that none but those who are really needy shall be entitled to the benefits of this act, which shall be evidenced by two disinterested neighbors of the party so applying for aid and supplies under the provisions of this act. Said individual appointed by the judge of said county court shall not be a

[ocr errors]

civil officer nor a candidate for election to any office of said county for the year 1882.

§ 2. It shall be the duty of said court to designate one or two places in said county where said provision purchased under this act shall be distributed, and said distribution shall be upon such day in the week as may be directed by said judge of said county court, but not more than three days in any one week shall be set apart for such distribution at any one place, and notice in writing shall be given in each voting precinct of the county at least ten days before each distribution, and said supplies so purchased for the relief of the citizens of said county shall be safely deposited at or near one or two of the railroad depots of the county, and shall be purchased at wholesale prices by some competent person appointed by said judge of said county court.

§ 3. Said person appointed shall be allowed a fair compensation for his services in purchasing and distributing supplies, which shall be agreed upon between said appointee and said judge of the county court of Hart, and which shall be in writing and made a matter of record in said court.

4. It shall be the duty of said appointee to keep a book, upon which shall be entered the amount distributed, and to whom, which shall be open at all times to the Hart county court, or any other interested parties of said county, for inspection.

5. Said appointee shall give bond to the said court for the faithful disbursement of said provisions in such sum as may be deemed sufficient by said judge of the Hart county court. § 6. Said supplies shall not be considered as a donation to the parties applying for same, but shall be considered as a loan, which may be paid off at any time within two years from date of receiving same, by paying interest and principal from date at the rate of six per cent. per annum; and said parties receiving said supplies shall execute their notes to the Hart county court for such such sums as they may receive, to pay said sum two years thereafter, with interest at the rate of six per cent. per annum from date until paid; and said notes shall be collectable and distrainable as taxes, but shall not be collectable by process until October 1st, 1884.

$7. The county court shall decide after said notes fall due who are delinquents, and shall so enter upon the records of sid court.

« SebelumnyaLanjutkan »