ness, and to mortgage the real estate of said association to secure the payment of the money so borrowed; now, therefore, Be it enacted by the General Assembly of the Commonwealth of Kentucky: §1. That the president of the Joint Stock Agricultural and Mechanical Association of Madison county is hereby fully authorized and empowered to borrow such sum or sums of money as is necessary, from time to time, to pay the present or any future indebtedness of said association, for the payment of which sum or sums of money all the estate of said association shall be bound; and the said president is fully authorized and empowered to mortgage any or all the property, real and personal, of said association, to secure the payment of the present or any future indebtedness of said association: Provided always, That no debt shall be incurred by the president of said association, and no mortgage shall be made by him upon any of the property of said association under this act, unless the directors of said association shall first make an order upon the order-book of said association authorizing their president to borrow said sum or sums of money, and to execute the mortgage or mortgages to secure same, and in that order fix the amount or amounts to be borrowed by the president, and for which the mortgage or mortgages shall be executed. § 2. All debts of the association for which the president executes a mortgage shall be signed by the president, and the mortgage or mortgages made by him under this act shall be signed by the president, and acknowledged before the county clerk, and recorded in his office. § 3. Service of summons upon the association shall be upon the president acting at the time, or, in his absence, upon the secretary, and in the absence of both president and secretary, upon the treasurer of said association. § 4. This act shall take effect from and after its passage. Approved March 27, 1880. CHAPTER 575. AN ACT to provide for appointing and electing commissioners for the county of Kenton, and defining their duties and the duties of other county officers whose duties are connected with the duties of said commissioners. Be it enacted by the General Assembly of the Commonwealth of Kentucky: 1. That the county judge of the county of Kenton shall County judge to appoint three discreet freeholders, commissioners for said appoint 3 comcounty, whose term of office shall expire when their successors are duly elected and qualified. missioners. When to meet. Treasurer duties. § 2. Upon making said appointment, said judge shall cause said commissioners to be notified of their appointment, and require them to meet at the court-house, in Independence, at the earliest practicable time, on a day fixed by him, when they shall be sworn to perform the duties of said office as herein set forth. Unless there is a county treasurer, they shall immediately elect one of their number treasurer, and thereafter annually elect at the first meeting after the August election. §3. The treasurer shall have the custody and hold all and money belonging to said county, subject to disbursement as herein set forth, and shall execute bond to the county in a sum not less than three thousand dollars, with two sureties, each worth in real estate the full amount of said bond over and above all indebtedness and exemptions from executions, for the safe-keeping of said money, and the faithful performance of his duties. Said bond shall be witnessed by the county clerk, and by him recorded with the proceedings of the board of commissioners, and safely kept in the county clerk's office. This bond shall be taken by the county judge, or if he be absent, by the county clerk, whose duty it shall be to inquire into and know that such sureties have the qualifications herein set forth; and he shall require additional bond and sureties when he may deem it necessary, and shall do so when said treasurer has, or is about to have, a greater amount of money belonging to said county in his hands than is perfectly secured by former bond. 4. The county judge and the county clerk shall be ex officio County judge and members of the board of commissioners, which shall be styled · and known as "The Board of Commissioners for Kenton County." Said three appointed commissioners, and all com clerk ex-officio members. missioners thereafter elected, shall hold their office until their successors are elected and qualified. when elected. $5. At the next August election in said county, there shall Commissioners-be elected three commissioners, to take the place of said appointed commissioners, whose term of office shall commence on third Monday in the succeeding September, when they shall qualify, and immediately enter upon the duties of their office, as herein imposed upon them. § 6. The term of office of said elected commissioners shall Term of office. be one for three years, one for two years, and one for one year; and at their first meeting, shall decide by lot which shall serve the respective terms. At each succeeding election there shall be one commissioner elected to take the place of the one whose term of office shall expire. If at any time a vacancy shall occur, the county judge shall fill said vacancy until the next August election, when one shall be elected to fill said vacancy. § 7. All meetings of the full board shall be held at the court-house, in Independence, one of which shall be on Tuesday or Wednesday after the third Monday in September in each year, and at such meetings at least two of the elected commissioners shall be present. missioners. 8. The three appointed or elected commissioners may, for Duties of comthe purpose of examining any county building, bridge, road, or other public improvement of which they have charge in this act, meet when and where circumstances may require, but when they make any order in regard thereto, it shall be done at the court-house or clerk's office in Independence, which order or orders shall be entered by the county clerk in the commissioners' record-book, which record shall be prop. erly dated and signed by the commissioners making said order. Any two of said appointed or elected commissioners shall form a quorum for transacting such business, but all shall be notified and required to be present unless unavoidable circumstances prevent. 9. The county clerk shall keep a full and detailed record of all proceedings of any and all meetings of any or all of said commissioners in a book furnished by him; and he shall keep said book fully and carefully indexed and preserved among the records of said county at Independence. Clerk to keep record of meetings. § 10. Said commissioners shall hold stated meetings in each year at such times as in their judgment may be necessary for the proper transaction of the business hereby confided to them. The county judge, if present, shall preside; and he may call an extra session of said board on his own motion, or upon the application of one of said commissioners. At such meetings at least two of the elected or appointed commissioners shall be present to form a quorum. § 11. The said board of commissioners shall have charge of and transact any and all business heretofore transacted by the court of claims, and shall be governed by, and subject to, the same laws and penalties, when not otherwise provided for in this act; and all acts and parts of acts creating a court of claims applicable to the county of Kenton is hereby repealed and heid for naught, so far as they apply to said county of Kenton, to take effect as soon as said commissioners are appointed or elected and qualified. § 12. It shall be the especial duty of the appointed and elected commissioners to take charge of the county buildings and property, of every description; also all county roads and bridges outside of the city of Covington or other incorporated towns in said county, which, by their charter, are relieved from the county levy, and preserve the same from waste; and when it is necessary to build or repair any bridge, and the approaches thereto, on any county road, which shall require a sum of money to do the same, exceeding twentyfive cents on the one hundred dollars of the assessed value of real estate in the road district in which said bridge is located, said commissioners may, if they deem it expedient, immediately cause said bridge and approaches to be erected at the expense of said county; but if a good and substantial bridge, and approaches thereto, can be built at such place for a sum not to exceed said twenty-five cents on the one hundred dollars in said road district, and the supervisor of said district shall neglect or refuse to build said bridge and approaches, then said commissioners shall cause the same to be built, and the cost thereof assessed on the real estate and personal property subject to assessment in said district at the next general assessment, together with the interest and costs necessarily expended in doing the same. money and issue § 13. For the purpose of carrying out the objects set forth May borrow in this act, and for the purpose of erecting any court house, bonds. county office, jail, poor-house, bridge, and other necessary improvements, or for the purpose of repairing, improving, or rebuilding any such building or bridge, the said commissioners are hereby authorized to borrow such sum or sums of money as shall be necessary to accomplish such purpose, at a rate of interest not to exceed the legal rate at the time such money is borrowed, and issue and sell the bonds of the county, at not less than par, to secure the payment of the principal and interest of the same. Such interest shall be paid annually or semi-annually as agreed upon and set forth in said bonds, the said commissioners drawing their order upon the sheriff or treasurer of said county for the same; and the said sheriff or treasurer shall pay the same out of any funds in his hands subject to said order. The principal shall be paid in like manner, at such time as the commissioners may prescribe, within seven years of the date of said bond. The interest on all the bonds issued shall become due and payable at the same time or times. No bond shall bear interest until it is issued and the money received by the treasurer. § 14. The bonds so issued shall be signed by the appointed or elected commissioners, or any two of them, and countersigned by the county clerk, in sums not less than fifty dollars nor more than one thousand dollars each, and to become due and payable within seven years; and each of said bonds shall distinctly specify the object for which they were issued. All bonds issued under the provisions of this act shall be correctly numbered in the order in which they are issued, and registered by the county clerk in a book by him provided and kept for that purpose, in the county clerk's office at Independence, and all orders drawn upon the sheriff or treasurer for the payment of the principal or interest of said bonds shall specify the fund on which they are drawn, and shall also be recorded in said book; and when the clerk shall deliver to the holder of any such bond an order on the sheriff or treasurer for the final redemption of the same, he shall receive such bond, and forthwith write across the face of the same, in red ink, the word "redeemed," and sign his name thereto, and date of same. The sheriff or treasurer, upon receiving such order, which shall contain the number of the bond for the redemption of which the order was drawn, |