1837. Estate and business to be under control of seven trus tees-how lected, &c, e Failure to elect trustees not to dissolve corporation, but election may be had, when and how. Treasurer clerk and other officers to be appointed. SEC. 2. Be it further enacted, That the real and personal estate, business, property, funds, and prudential concerns of said academy, and the administration of its affairs, shall be under the direction, management, and control of seven Trustees, who shall be stockholders at the time of their election, and residents of the county of Todd; they shall be elected, annually, by the stockholders, on the first Monday in June, in the year eighteen hundred and thirty seven, and, annually, on the first Monday in June, each successive year thereafter; and the Trustees named in the first section of this act shall discharge the duties of Trustees, until others shall be elected; and those in office shall continue to act as such, from time to time, until their successors shall be duly elected; the elections shall be held at the academy, and shall be by ballot, and a plurality of votes, to be counted after all the ballots are taken, by and under the inspection of the Trustees; and each stockholder shall be entitled to one vote for every share of twenty five dollars he or she may own in stock, in said academy, in his or her own right; shareholders having a right to vote by proxy, such proxy being granted, in writing, to a stockholder attending the election or meeting of stockholders. SEC. 3. Be it further enacted, That, if it shall so happen that an election of Trustees shall not take place, on any day designated in this act, the corporation shall not, for that cause, be dissolved, but it shall be lawful for the Trustees, or stockholders, to cause an election to be held on any other day; but when an election shall take place on any other day than the one fixed in this act, notice of the time and place of holding such election, over the signature of at least one Trustee or stockholder, shall be set up on the doors of the public houses, in said town, and at some public place in the neighborhood. SEC. 4. Be it further enacted, That the said Trustees may appoint a Treasurer, Clerk, and other subordinate officers, from their own body, or out of it, if they choose, fix their compensations, define their powers, and prescribe their duties, and require of them such bonds, with such penalty and conditions as they may deem right; and any of said cfficers may be removed by said Trustees, five at least concurring therein, and state the cause of their removal on the books of said Trustees. SEC. 5. Be it further enacted, That the Trustees shall have Trustees may power to employ such teachers, superintendants and assistants, employ teach as they may deem necessary, and may remove the same at ers, &c. and them, pleasure, a majority of all the Trustees concurring therein, and fill vacan- and may fill any vacancy in their own body, and may appoint remove cies. a President thereof. SEC. 6. Be it further enacted, That the said Trustees, a maMajority to jority of whom shall constitue a quorum to do business, may, constitute quo- from time to time, make such by-laws, rules and regulations, Fum--may pass for their own government, and for the management and superintendence of said academy, and all matters appertaining thereto, which they may judge expedient, not inconsistent with this cha by-laws, &c. 1837. What shall SEC. 7. Be it further enacted, That if any Trustee shall remove from the county of Todd, or shall fail to attend the Board at its meeting four times in succession, without satisfactory excuse, it shall be a forfeiture of his office, and the vacan- forfeit the office cy shall be filled by the choice of another in his place by the of a trustee. said Trustees; and said Trustees, at all times, in the management of said institution, in the appointing of teachers, assistants, and in all matters appertaining to the superintendance and direction of said institution, shall be governed by the advice and consent of the stockholders, or a majority of them, whenever said stockholders shall undertake to give advice, or express their wishes, by regular meetings and resolutions; each be governed by shareholder being allowed, in all such meetings, as well as on all other occasions, when said stockholders shall act, to give given. one vote for each share he may hold in said institution, and to vote by proxy, as above directed. Trustees to advice of stockholders--how How their may SEC. 8. Be it further enacted, That it shall not be necessary for said corporation to procure a common scal: all its corpo- acts rate acts may be manifiested and made known by the signature authenticated. of the President of the Board of the Trenton Female Academy affixed to the document, contract, deed, or writing executed, or by some entry, minute, or memorandum, made on the record of the proceedings of the corporation, and signed by the Presi dent, in his official capacity, in the manner aforesaid, shall be as good and effectual, in law, for the purposes designed by them, as if the said corporation had a common seal, and the same was duly affixed to any of said instruments. be Record of SEC. 9. Be it further enacted, That the Trustees of said corporation shall keep a record of their proceedings, which shall proceedings to be signed by their President, or President pro tempore, in case of his absence, on each adjournment. SEC. 10. Be it further enacted, That it shall be lawful for the Trustees, out of any funds of said corporation, to erect suitable buildings, to purchase a philosophical apparatus, and all such instruments, tools. globes, maps, and charts, as may be useful in facilitating instruction in any science or art taught in said institution. be kept. Trustees may erect buildings, purchase apparatus, &c. Shares of SEC. 11. Be it further enacted, That the shares of said stockholders shall be, and the same are hereby made assignable, by stock assignatransfer, in writing; and the assignee shall be invested with all ble. the powers, rights, and privileges of the original holder, so soon as the said Trustees shall have full notice of said assignment. Approved, February 23, 1837. CHAP. 416.--AN ACT for the benefit of Sarah W. Johnson. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That Sarah W. Johnson is hereby released from all the obligations and disabilities consequent upon her marriage 288 1837. to Edmund P. Johnson, and restored to all the rights and pri vileges of a feme sole. Approved, February 23, 1837. CHAP. 417.--AN ACT for the benefit of James Johnson. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That James Johnson be, and he is hereby released from all the obligations and disabilities consequent upon his intermarriage with his late wife Paulina, and restored to all the rights and privileges of an unmarried man. Approved, February 23, 1837. corporated. CHAP. 418.--AN ACT to incorporate the Madisonville and Pond River Rail WHEREAS, It is represented to the General Assembly of the Commonwealth of Kentucky, that a rail way, connecting the town of Madisonville with Pond river, would greatly advance the interest of said town, and adjoining country: And further, the several individuals have granted leave, free of charge, the right of way, who own the lands and lots through which the road will run-Therefore, SEC. 1. Be it enacted by the General Assembly of the CommonCompany in- wealth of Kentucky, That Samuel Woodson, James W. Wilkins, William Miller, Willis Younger, and Alfred Towns be, and are hereby created a body corporate and politic, by the name of the Madisonville and Pond River Rail Road Company; and, by that name, may sue and be sued, plead and be impleaded, and do all other things, not contrary to law, invested in rail road companies in this State. Powers. May warehouses. May real estate. and SEC. 2. That said company may be authorized to construct a rail way, with one or more tracts, from Madisonville to Pond River, together with such wharfs and landings, warehouses and depots, as may be necessary to receive and shelter goods, at any point or points upon the road, and to shelter and construct cars, &c., and to receive and to discharge boats at the river with safety and dispatch. SEC. 3. That the said company shall have the exclusive erect right to erect tobacco warehouses at one or both ends of the road, subject to the inspection laws of the State; and said company may also build other warehouses for the reception of goods, produce, &c. SEC. 4. That said company shall have the right to purchase hold property, for the right of way, and receive grants or donations, also property for the warehouses to stand upon, &c.; which shall, to all intents and purposes, belong to said company, for their own proper use and benefit. SEC. 5. That the capital of said company shall not exceed twenty five thousand dollars; nor shall said company be allowed to divide more than fifteen per cent. on said capital, per annum; and that Samuel Woodson, James W. Wilkins, Wm. Miller, Willis Younger, and Alfred Tounes are hereby appointed Commissioners to carry this charter into effect. 1837. Capital. Faith of state SEC. 6. That the faith of the State is pledged not to incorporate another company to make a rail road, terminating on pledged. Pond river, within two miles of this road, unless it be an extension of this road. Perpetual SEC. 7. That this charter shall have perpetual succession, and be in force from and after the time of the passage hereof; succession. and that the stock shall be divided into shares of twenty five dollars each, and shall be paid in such instalments as the commissioners may order and direct. SEC. 8. That if said company do not build a single track or rail way in five years after the passage of this act, the same shall be null and void. SEC. 9. That the business of said company shall be administered by a President and four Directors, to be chosen in such manner as may be prescribed by the by-laws of said company; and that the stock shall be transferred in like manner, as they may prescribe. SEC. 10. That said company may be required, by the Trustees of Madisonville, to exhibit the costs of the road and investments, and make an annual exhibit of the cost, and repairs, and transportation, and other expenses, and of receipts, and may, from time to time, require said company to reduce their rates, so as to keep the net profit not above fifteen per cent. per annum. Approved, February 23, 1837. When to be built. Officers. Shall report to trustees of Madisonville. CHAP. 419.--AN ACT to incorporate the Centreville and Lexington Turnpike› SEC. 1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That a company shall be, and the same is hereby formed, for the purpose of making a turnpike road up on the M'Adams' plan, from Centreville, in Bourbon county, (on the road leading to Cynthiana) to Lexington, under the name and style of the President, Directors and Company of the Centreville and Lexington Turnpike Road. SEC. 2. Be it further enacted, That the capital stock of said company shall be sixty thousand dollars, divided into shares of one hundred dollars each. Company formed. Style: Capitali Books to be SEC. 3. That books for the subscription of stock in said company shall be opened on Saturday the eighth day of May, opened. eighteen hundred and thirty seven, at Lexington, Hamilton Atchison's and Centreville, under the direction of the Commissioners hereafter named; that is, at Lexington, under the direction of John W. Hunt, John Brand, Vincent Cromwell, 1837. Obligation. David M'Murtry, John M'Cauley and William Sparks; at Hamilton Atchison's, under the direction of Thomas A. Rus sell, Hamilton Atchison, Charles C. Moore, Richard Harcourt, James Hurst, David Rees and John P. Innis; and at Centreville, under the direction of Samuel Bryan, John W. Moore, Jacob Sutener, Otho Offutt, William Conn, John A. Gano and Thompson Wair. The Commissioners named at each of the foregoing places, or any three of them, shall procure one or more books, and in each of them enter as follows: We, whose names are hereunto subscribed, do promise to pay to the Pres ident, Directors and Company of the Centreville and Lexington Turnpike Company the sum of one hundred dollars, for every share of stock in said company set opposite our names, in such manner and proportions, and at such times, as shall be determined on by the President and Directors of said company, and agreeably to an act of Assembly of the Commonwealth of Kentucky incorporating said company: Witness our hands this day of in the year The said Commissioners shall give, in one or more of the public newspapers printed in Lexington, one month's notice of the time and place at which books will be opened, to receive subscriptions for stock in said company; at which times and places, some one or more of the Commissioners, above named at each place, will attend, and permit all persons of lawful age, bodies cormay porate and politic, who shall offer to subscribe in said books, in their own names or that of any other person who shall duly authorize the same, for any number of shares in the said stock. The said books shall be kept open, for the purpose aforesaid, by adjournment from place to place, and from time to time, until the whole number of shares shall be subscribed, of which adjournment the said Commissioners shall give such notices as the occasion may require: Provided, That the President and Directors of said company shall not have power to call in more of said stock than ten dollars on each share, in any sixty days. SEC. 4. That whenever two hundred and fifty shares of Officers to be said stock shall have been taken, the Commissioners shall give thirty days notice in one or more of the newspapers printed at Lexington, that the number of shares, required by the act of incorporation to organize the company, have been subscribed; and that an election will be held at Lexington, Hamilton Atchinson's or Centreville, (as the Commissioners may, determine,) to choose by a majority of votes of the subscribers, by ballot, to be delivered in person or by proxy authorized, a President, ten Directors, a Treasurer, and such other officers as they may think necessary to conduct the business of said company for one year, or until other such officers shall be elected. Who subscribe. elected. Powers. SEC. 5. That when the company shall be thus organized, they shall be, and they are hereby declared a body politic and corporate, in deed and in law, by the name, style and title of the President, Directors and Company of the Centerville and |