use, or to vend their roofing, machinery, &c., and to apply their roofing to any building or buildings as they may deem advisable, to introduce their articles of manufacture, and to make sale of the various privileges that may be granted under letters-patent of the United States. § 5. The said company shall have power to borrow money when needed in its business, not to exceed at any time two thirds of the amount of capital stock paid in, and may mortgage its property to secure the payment thereof, or may issue its bonds therefor, with interest coupons attached, and make the same payable at such times and places as may be deemed most advisable; but such bonds shall not bear a rate of interest exceeding eight per cent. per annum, and payable annually or semi-annually, as the company may direct; and the same shall be a lien from the date of issuance thereof upon all the property and assets of said company; and the books shall show to whom each bond was sold, and when, and the proceeds of these bonds shall be applied to the corporate business only. § 6. None but stockholders shall be qualified for the offices of president or directors; and if a vacancy shall occur in the office of director, it may be filled by the board until the next regular election by the stockholders. The president and directors may appoint a treasurer, and employ clerks, bookkeepers, and such other persons for other duties, as the business, in their opinion, may require; also may establish agencies, and appoint all such agents as they may find necessary for the transaction of the business of the company, and, in their discretion, may require bond, with surety, from any or all such agents and subordinates, conditioned for the faithful performance of their respective duties. The company shall have power to appoint any one or more of its members, or other persons, to manage, control, and direct the business of said company, under the supervision of the board of directors, according to the by-laws, rules and regulations which said company may adopt, and also to fix the salaries of persons appointed to such business. § 7. This act shall be in force from and after its passage. Approved February 27, 1880. CHAPTER 287. AN ACT to amend an act, entitled an act to incorporate the town of Corinth, in Grant county," approved March 11th, 1878. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the first section of the act mentioned in the title hereto be, and the same is hereby, so amended as to exclude from the boundaries of said town the farm of G. W. Henry. §2. That section four of said act be amended by striking therefrom all the words after the word "for," in the first line, and before the word "there," in the second line thereof. §3. That section five be amended by strking from the twelfth line the words "two hundred dollars," and insert in lieu thereof the words "five hundred dollars." § 4. That the trustees of said town shall have power to declare what are nuisances, and provide for the abatement of the same; to forbid and punish the erection or construction of unsafe or dangerous chimneys, flues, or buildings within said town. 5. That said trustees shall have authority over the streets, alleys, and public squares and places in said town now existing, or that they may hereafter open or improve, which they may do. They shall have authority and power to improve and repair streets, alleys, sidewalks, and other public places. in said town, and may assess the cost of constructing and repairing sidewalks, ratably, on the lots or property fronting on the sanie, which assessment shall be a lien on the property assessed; and said lien may be enforced by the trustees by suit in any court of competent jurisdiction: Provided, That no such assessment shall exceed five per cent. of the value of the property assessed, and no such assessment shall be made until the street in front of such property shall have been macadamized at the expense of the town. § 6. This act shall take effect from and after its passage. Approved February 27, 1880. CHAPTER 288. AN ACT to amend an act to organize and establish a system of public schools in the city of Henderson, approved March 15th, 1869. Be it enacted by the General Assembly of the Commonwealth of Kentucky: 1. That section fifteen of the act to which this is an amendment be amended by striking out the following words, whereever they occur in said section, to-wit: Provided, That the property estimated under the equalization law, shall not be so taxed, and said words are hereby stricken out. 2. This act shall take effect and be in force from and after its passage. Approved February 27, 1880. CHAPTER 289. AN ACT for the benefit of J. D. Shearer, common school commissioner of Wayne county. WHEREAS, J. D. Shearer, common school commissioner for Wayne county, made a mistake in reporting the number of children in district No. 70, in Wayne county, for the school year ending June 30, 1879, not reporting the full number by fifteen; and whereas, said Shearer paid the teacher in said district out of his own money the amount that would have been drawn on ifteen children if they had been reported; now, therefore, Be it enacted by the General Assembly of the Commonwealth 1 Kentucky: § 1. That the Auditor of Public Accounts be, and he is hereby, directed to draw his warrant on the Treasurer in favor of J. D. Shearer for the sum of nineteen dollars and thirtyfive cents it being the amount that would have been drawn on said children if they had been reported, to be paid out of any money not otherwise appropriated. § 2. This act to take effect from its passage. Approved February 27, 1880. CHAPTER 290. AN ACT appropriating $40, or so much thereof as may be necessary, for the purpose of printing the proceedings of the Colored Teachers' State Educational Association, held at Louisville, Kentucky, August 27th and 28th, 1879. Be it enacted by the General Assembly of the Commonwealth of Kentucky: 1. That the Superintendent of Public Instruction be, and he is hereby, authorized to have printed, at a cost not exceed ing forty dollars, payable out of the general revenue of the State, six hundred copies of the Proceedings of the Colored Teachers' State Educational Association, held at Louisville, Kentucky, August 27th and 28th, 1879." " § 2. Two hundred and eighty copies of said proceedings shall be for the use of the members of the Legislature; two hundred and twenty copies for distribution by the Superintendent of Public Instruction, and one hundred copies for distribution by the president of said Educational Association. §3. This act shall take effect from and after its passage. Approved February 26, 1880. CHAPTER 291. AN ACT to amend an act, entitled "An act to amend and reduce into ole all acts incorporating the Masonic Savings Institution." Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That an act to amend and reduce into one all acts incorporating the Masonic Savings Institution, approved February 20th, 1864, and the amendments thereto, be, and they are, amended as follows: That it shall be lawful for the Masonic Savings Bank to reduce the amount of its capital stock to a sum not less than two hundred and fifty thousand dollars: Provided, That all stock bought and retired shall be canceled. § 2. This act shall take effect from and after its passage. Approved February 26, 1880. CHAPTER 292. AN ACT to amend the charter of Curdsville, Daviess county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. The board of trustees of Curdsville, Kentucky, shall appoint a superintendent of the streets and alleys of said town. Said superintendent shall be a sober, discreet person, well experienced in such matters. His duties shall be to watch over and see that the streets and alleys of said town are in good and safe condition; report any defects or breaks to the board, and repair or improve them as ordered by the board. They shall agree with him as to his wages, and may remove him at any time and put another in his stead. The marshal of the town shall be eligible to said position. Said superintendent shall have power to call out all male citizens of said town, who are now required to work on public roads in the county, to assist him in working the streets and alleys, at any time he may deem it necessary. He shall superintend the work, and shall give them such notice as is now required by the laws of this State. Should any person subject to work fail to do so when legally notified, he or they failing shall be subject to same penalties now prescribed by the State laws, recoverable on warrant before the police judge; and when said fine is collected, it shall be paid into the treasury of the town as other fines. Should any person subject to work under this section prefer, when called out, to pay fifty cents per day in lieu thereof, he may deposit the same with the superintendent, and be relieved from such time; and the superintendent shall pay said sum of money to the treasurer, and take his receipt therefor: Provided, That all persons required to work the streets under this section shall be exempted from all duty on public roads of the county outside of the corporate limits of said town. 2. This act to take effect from and after its passage. Approved February 27, 1880. CHAPTER 293. AN ACT to establish free schools for the education of colored children of the city of Owensboro. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the mayor and council of the city of Owensboro, in addition to the taxes authorized by the charter of said city, be, and they are, authorized to levy a tax of two dollars on every male citizen of African descent, over the age of LOC. L VOL. I-17 Mayor and counlevy a tax. cil author zed to |