he is entitled to receive for collection of other taxes levied in said town. The property in said town liable to payment of taxes levied under this act to be ascertained and assessed at same time and in same manner as it is now ascertained and assessed for other taxation, under the act or acts now in force relating to said town.

§ 4. The marshal of said town, or other collector appointed by said board, before proceeding to collect the taxes herein authorized to be levied, shall be required by said hoard to execute to said board a bond, with two or more solvent sureties to be approved by the board, conditioned for the faithful performance of all of his duties in the collection the taxes levied under this act, and his faithful account and payment to the treasurer of said board of all such taxes collected on or before the first day of October of each year during his continuance in office. The treasurer of said board shall also be required to execute to said board, with two or more solvent sureties, a bond conditioned for his faithful account and payment to the proper person or persons of all sums received by him from the marshal or collector or otherwise, for taxes collected under this act. Said board, as often as it deems proper, may require the marshal of said town or other collector, or the treasurer, to execute a new bond, with other sureties approved by the board, with same conditions, and upon failure of any of such officers to execute said bond within time required by said board, it may remove such officer so fa ling from his office. For breach of any of said bonds to be required of said officers, said board of trustees may institute suit on the bond or bonds in the Boyle circuit or Boyle court of common pleas, and recover against the principal and sureties in his bond or bonds any sum received by the principal, for taxes levied and collected as herein authorized, and for which he had failed to properly account and pay to the proper person or persons, and any other damages which may be assessed in the court in which the action may be brought for any default by the principal in observing his bond or bonds.

§ 5. The bonds authorized to be issued by said board of trustees under this act, may be sold by the chairman of said board, under the order of the board, to any one or more persons or corporations for not less than par, and the proceeds shall be applied to the payment of the cost of securing the

location of said shops assumed by said board, and any interest due and payable on the same borrowed for that purpose. Approved February 7, 1880.

CHAPTER 164.

AN ACT to amend an act, approved December 7, 1850, entitled "An act to incorporate the Kentucky Agricultural and Mechanical Association at Lexington."

WHEREAS, The buildings of the Kentucky Agricultural and Mechanical Association at Lexington were destroyed by fire while in the possession of United States troops, during the late war; and whereas, said association has used the money with which the Government has partially reimbursed it, along with the voluntary contributions of private citizens, to reconstruct, as far as possible, necessary buildings; and whereas, said association is conducted solely for the development and improve. ment of the mechanical and agricultural interests of the State, and not in the interest of any individual, or in the exclusive interest of any section; therefore,

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

§ 1. That an act, entitled "An act to incorporate the Ken. tucky Agricultural and Mechanical Association at Lexington," approved December 7th, 1850, be amended by providing that the real and personal property now owned, or which may hereafter be acquired, by said association, shall be exempt from State and county taxation for two years: Provided, Its income from said property and from all other sources is expended to promote the agricultural and mechanical interests of Kentucky: And provided further, That the payment of any dividend to its stockholders, or the expending or investing any portion of its said income or other resources in any other way than that indicated by this act, shall operate as a repeal of this amendment, and to make said property again. subject to taxation.

§ 2. This act shall be in force from and after its passage. Approved February 7, 1880.

LOC. L., VOL. I-9

CHAPTER 165.

AN ACT to confer the sole and exclusive power and authority upon the board of councilmen of the city of Newport to determine, fix, and regulate salaries of certain officers.

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

1. That the board of councilmen of the city of Newport be, and are hereby, invested with the sole and exclusive power and authority to determine, fix, and regulate the amount of compensation to which the presiding judge of the Campbell county court and the county attorney for said county are respectively entitled for the following official services, to be rendered by them in the city of Newport, to wit: Said judge, for performing the duties required of him by an act, entitled "An act to provide for establishing county courts in Newport," and approved February 26th, 1863, and said attorney for his services in attending on said courts under the provisions of the above recited act.

§ 2. That said judge and attorney shall not be entitled to receive, and shall not receive, any other or additional compensation whatever for said services from the city of Newport than the amount so fixed and determined on by said board; and said amount to be paid by said city to said officers shall be fixed and determined on by said board, at such time as it may deem proper; but when so fixed and determined as aforesaid, shall not be increased during the respective official terms of said officers, but may at any time, in the discretion of said board, be reduced.

§3. That all acts, parts of acts, or amendatory acts, in so far as the same may conflict with the provisions of this act, be, and the same are hereby, repealed.

4. This act shall take effect and be in force from and after the date of its passage.

Approved February 7, 1880..

Cc:porators.

CHAPTER 166.

AN ACT to charter Union College, of Barbourville.

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

§ 1. That Abraham H. Harritt, John Dishman, James H. Tinsley, William W. Sawyers, Green Elliott, Peter Hinkle,

and James D. Black, and their successors, be, and they are hereby, created a body-corporate and politic, with perpetual succession, to be styled the trustees of Union College, of Barbourville, with full powers to hold and acquire property, real and personal, make contracts, sue and be sued, plead and be impleaded, in their corporate capacity, in all the courts of this Commonwealth, both at law and in equity; to make, have, and use a common seal, and the same to alter or change at pleasure, and to do any other acts which like corporations may of right do.

§ 2. That said college shall be located at the town of Bar- Where located. bourville.

§ 3. That all funds and estate which may now belong to said college, or which may hereafter be acquired by it by purchase, gift, devise, donation, or bequest, are and shall be vested in said trustees, to be held by them and their successors in their corporate capacity, for the sole use and benefit of said college, and for the purpose of promoting learning therein: Provided, That the moneys and estate so held shall never exceed one hundred thousand dollars.

Trustees sha!!

appoint protes

§ 4. That said trustees shall have power to appoint or employ such professors and teachers in the various departments sos of said college as they may think proper, and may remove the same for cause: Provided, That six (6) members of the board be present when such action is taken.

aws.

§ 5. That said trustees shall have power and authority to Ma y enact by make such by-laws, rules and regulations, for the government of said college and the management of its affairs, as they may deem expedient, and to alter, amend, or annul the same at pleasure: Provided, however, That said by-laws and regulations shall not be repugnant to the Constitution and laws of the United States, the Constitution and laws of this Commonwealth, nor inconsistent with the certificate of incorporation on record at the office of the Knox county court clerk, nor with any of the provisions of this charter.

6. That a majority of the board of trustees shall constitute a quorum competent to transact all the business belonging or appertaining to said college, except to appoint and remove teachers.

§ 7. That the board of trustees shall be composed of seven members, who shall be annually elected by the stockholders of the corporation on the first Saturday in October, and shall

continue in office for one year, or until their successors are duly elected and qualified. The present board appointed by this charter shall continue in office until the first Saturday in October, 1880, or until their successors have been duly elected and qualified. They shall appoint a president, vice president, secretary, treasurer, and attorney; shall hold at least four stated meetings in each year; and when deemed necessary, the president may call a meeting of the board for the transaction of business at any time during the interval between the regular meetings.

§. 8. That the president, vice president, and secretary shall constitute the judges and clerk of the election for trustees; and in the event that either of them is absent, or is a candidate, then the stockholders present may choose from their number judges and clerk, or either of them, to hold the election; and an election so held shall be valid.

9. That the said trustees, before entering upon the duties Trustees shall of their office, shall take an oath before any magistrate or officer empowered to administer, that they will, to the best of their ability, discharge the duties imposed upon them.

take an oath.

filled.

10. The board shall have power to fill vacancies occaVacancies -how sioned in its own body by death, resignation, or removal, until the next regular election, and to require bond and security of any such appointee for the faithful discharge of his duty.

trustees.

§ 11. No person shall be elected to the office of trustee Who shall be unless he shall be the owner of one share of paid-up stock at least three months before the regular election. Stockholders shall be entitled to one vote for each share of stock owned by them, and may vote in person or by proxy, duly appointed in writing. The stock may be transferred on the books of the corporation, and the assignees be entitled to all the privileges of the original stockholders.

sell bonds

12. The board of trustees shall have power to issue and May issue and sell bonds for the purpose of completing any building or buildings, or for the erection of any new building deemed necessary to meet the wants of said college: Provided, That at no time shall the amount of such bonds exceed one half of the capital stock subscribed: And provided further, That said bonds shall not run for a longer period than twenty years from the date thereof, and that they shall not bear a greater rate of interest than (6) six per centum per annum.