in connection and contact with such railroads or common carriers as are now built or operated, or which may hereafter be built, erected, or operated in Jefferson county or the city of Louisville, Kentucky; and for that purpose may institute proceedings in the courts of Jefferson county, Kentucky, having jurisdiction, and cause real estate and other property to be condemned in the manner in which the law now directs property to be condemned by or for any railroads now passing into or through Jefferson county or Louisville, Kentucky. § 8. Said directors shall have power to declare dividends of the profits arising out of the business, and to appoint and elect such officers, agents, and servants as they may deem necessary to conduct the business of said stock-yard company, and pay them such wages and salaries, and take and require from them severally such bonds to secure the faithful performance of their duties, as they shall think proper and reasonable. § 9. The stock shall be personal property, and shall be assignable according to such rules as the board of directors shall from time to time establish and adopt. 10. When the directors are elected or chosen from among the incorporators as provided for in section sixth of this act, the terms of office of such directors shall expire on the first Wednesday in May, 1883, and the term of their successors shall expire on the first Wednesday in May of each succeeding year thereafter, or until their successors are qualified. § 11. Private property of the stockholders shall be exempt from the debts of said corporation. § 12. This act shall take effect from and after its passage. Approved March 25, 1882. CHAPTER 566. A BILL to amend the charter of the Southern Railway News Company. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the articles of incorporation of the Southern Railway News Company, a corporation organized under the laws of this State, by filing articles of incorporation duly acknowledged and recorded in the office of the clerk of the county court for the county of Jefferson, and State of Kentucky, be, and the same is hereby, amended, and the said corporation is hereby empowered and authorized to raise money, not in excess of fifty thousand dollars, by issuing and selling or pledging coupon bonds of such denominations as the corporation may agree upon, bearing interest not to exceed six per cent. per annum, payable half yearly, interest and principal payable at such time and place as may be designated; said bonds not to run more than ten years to maturity from the time of issuing the same; and for the joint and equal benefit and security of all such bonds and interest thereon, make, execute, and deliver to the trustee named therein a mortgage or deed of trust, embracing all its property, rights, and franchises, including real, mixed, and personal estate, including credits, effects, and choses in action owned at the date of said mortgage or deed of trust, or thereafter acquired, whether situated in this State or elsewhere. Said mortgage or deed of trust, and the bonds to be secured thereby, may all be executed and delivered by the secretary and treasurer (both of these offices being held by the same person) alone, under the seal of the company; and the coupons thereto, signed by the said secretary and treasurer; and when so executed, shall be obligatory on the said company: Provided, however, That said lien shall not be good as to creditors or purchasers for value on personal property, credits, effects, or money, except such as may be on hand, or to which said company may be enti. tled at the time of default, either on the interest or principal of said bonds, or on some debt for which any of said bonds are pledged; and then only in such counties in or out of this State in which said mortgage or deed of trust has beeu duly recorded according to law regulating the recording of mortgages. Nor shall this act go into effect until it shall have been submitted to a meeting of stockholders called for that purpose, and be ratified and accepted by a majority in interest of all the stock outstanding. § 2. This act to become a law from and after its passage. Approved March 25, 1882. CHAPTER 567. AN ACT to authorize the Clinton county court to levy a tax to build a bridge across Spring creek, in Clinton county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the county court of Clinton county may levy and cause to be collected a tax sufficient to pay for the building of a bridge across Spring creek, in said county, at a point near where the Albany and Jamestown Turnpike Road crosses said stream: Provided, That the levy shall not in any one year exceed ten cents on the one hundred dollars' worth of property listed for taxation, and twenty-five cents on each tithable in said county. § 2. That said tax, when levied, shall be collected by the sheriff or other officer who collects the county levy for said county, at the same time, in the same manner, for the same compensation, and under the same penalties as provided by law for the collection of the county levy. §3. That the sheriff or collector, before he proceeds to collect the taxes levied under this act, shall execute bond before said court, with good security, to be approved by said court, containing substantially the same conditions and stipulations as the bond now required for the collection of the county levy, varied in form so as to provide for the taxes collected under this act. 4. That said court shall have power to appoint all necessary agents, commissioners, and receivers as may be necessary to make the contracts, specifications, and plans, and locate said bridge, superintend and cause the same to be built, and to have the taxes collected and applied to the payment for the building thereof. § 5. This act shall be in force from its passage. Approved March 25, 1882. CHAPTER 568. AN ACT to amend and revise an act, entitled "An act to incorporate Love laceville, in Ballard county." Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the town of Lovelaceville, in Ballard county, as the same is now laid out, and to the extent of the limits here tofore fixed by law to said town, be, and the same is hereby, incorporated with the several streets and alleys, and the lots as respectively laid out and numbered, or may hereafter be laid out upon the plat of said town. § 2. That S. K. Hinchey, V. S. Lovelace, J. H. Frey, C. P. Coon, W.-N. Billington, and G. L. Stovall, the present board of trustees, shall remain in office until the first Monday in June, 1882, and upon which day, and upon the first Monday in June in each year thereafter, the male citizens of said town entitled to vote for Representatives to the General Assembly shall meet at such place as may be designated by the trus tees of said town, and choose six fit persons by vote to serve as trustees of said town for one year, and until their successors are duly elected and qualified. §3. That said trustees and their successors in office are hereby created a body politic and corporate, by the name of the chairman and board of trustees of the town of Lovelaceville, and in that name to sue and be sued, to contract and be contracted with; that they shall have power to enact ordinances, by-laws, and regulations for the government of said town, not inconsistent with the laws and Constitution of this Commonwealth. 4. That they shall have power to levy an annual tax on the males over twenty-one years of age residing in the town of not exceeding one dollar upon the head, and to levy an ad valorem tax on the real estate and personal property subject to taxation for revenue purposes in the town of not exceeding twenty-five cents on the hundred dollars. 5. That they shall have power to levy and collect a tax of not less than twenty five nor over fifty dollars on any person who keeps a tavern and tippling-house in said town. 6. That they shall have power to levy and collect a tax of not less than twenty-five nor over fifty dollars on any person who keeps a coffee-house in said town. 7. That they shall bave all powers given to trustees by the general laws, and perform all the duties required of trus tees by general laws. §8. That they shall appoint an assessor and collector; and the collector shall collect the tax; and for that purpose may make distress and sales as sheriffs are now by law authorized to collect the revenue of this State, except he shall not sell real estate; and said taxes and all other revenue shall be under the management of the chairman and board, to be applied to the purposes of said town. 9. That they shall have power to elect one of their body chairman, and fill vacancies in their board until the next stated election; and four shall constitute a quorum to do business. § 10. That on the same day that sheriffs of this Commonwealth are elected, the qualified voters of said town shall elect a marshal of said town, who shall hold his office for the same time as sheriffs. That said marshal shall have and possess all the powers of a constable, and is authorized to serve any process or perform any duty in the county of Ballard as marshal that a constable of said county could do by law; hereby giving to said marshal the powers and jurisdiction of a constable to the limits of said county. The trustees shall requiresaid marshal to give bond, with good security, payable to the chairman and board of trustees; and said marshal shall be held responsible upon his bond for all things pertaining to his office; that suit may be brought upon said bond in the Ballard common pleas court by any person aggrieved against said marshal. That before he acts he shall take the oath required by law for a constable; and he may serve all processes issued to him by any justice of the peace of said county, and return the same before such justice, and shall be entitled to the same fees as a constable is entitled to for similar services. The bond of said marshal shall be filed in the Ballard county clerk's office, and carefully preserved by the clerk; a copy of said bond shall be preserved by the board of trustees. § 11. That the same time a judge for Ballard county by law is required to be elected, the qualified voters of Lovelaceville shall elect a police judge for said town, whose jurisdiction shall be the same as now fixed by law; and shall hold his office for four years, and until his successor shall be elected and qualified. § 12. That upon the death, resignation, or a failure to qualify of the marshal, the trustees shall fill the vacancy by appointment until the next regular election for a marshal. § 13. That upon the death, resignation, or a failure to qualify of the police judge, the trustees shall recommend a suitable person to the Governor that he may commission to |