When meeting of stockholders to be called. of the stock shall be subscribed. That so soon as the sum 1863. of one thousand dollarr is subscribed, they shall give publie notice, calling a meeting of the stockholders, at such time and place as may be convenient, to hold an election of a president and four directors, to serve for one year, and until their successors inay be elected; and alter the first election all the powers and privileges hereby granted shall vest in a president and directors of' said company and their successors in office. $ 3. That the president and directors shall have power Calls on stock. 'to make calls on the stockbolders as may be necessary to carry on the work, a!id construct the same; they may let out to undertakers or contractors the building and constructing of said bridge, and to do all matters and things pertaining to the carrjing out the object of this act. 4. That upon the completion of said biidge, the presi. Toll enllector to dent and directors may appoint a toll collector, at such be appointed. price as may be agreed upon, to demand and reeeive from persons passing over said bridge such rates of tolls as the president and directors may think proper, not to be higher ihan the usual charges on bridges of equal span and costs. • \ 5. "The president and directors shall settle quarterly Dividende with the toll collector, and cause a dividend to be made half yearly among the stock bolders. $ 6. That power is-reserved to repeal or modify this act at the pleasure of the Legislature. 87. This act shall take effect from its passage. Approved February 4, 1863. may be issued, CHAPTER 766. Road Company. § 1. That the president and directors of the Paris and Addition' stock Jack-town turnpike road company, for the purpose of pay. to be preferred ing off its indebtedness, he and are hereby auihorized and stou empowered to receive subscriptions and issue certificates of stock for a'n amount-not less than two thousand nor more than thirty-five hundred dollars, in shares of fifty dollars each. And the stock thus issued shall be preferred stock; and the profits, earnings, and income of said road, after paying the current annual expenses thereof. shall be applied as dividends on said preferred stock to the extent o 'six per cent. thereon, and any excess in payment of the stock : Provided, 'That is the stock thus sub-cribed, shall not discharge said indebtedness, the net profits aforesaid shall be first applied in payment of the debt remaining un may sold or leased. 1863. § 2. In the event sufficient subscriptions cannot be obIf onek uot sub- tained, under the preceding section, to make it effectual, seribed nad or pay said indebtedness; or if deemed best by them, said president and directors are authorized to file a petition in equity in the Bourbon circuit court, for the purpose of selling or leasing said road, in order to pay said indebtedness. And said court is authorized and empowered to order and adjudge said road, and all its franchises, to be leased or sold,as in its direction it shall deem best for the interest of the creditors and corporators of said road. 3. Any creditor of said turnpike road company may Creditor of mood file a petition in said court against it, for the may petiti'n of purpose against ili having his debt satisfied, and said court shall have power, A pproved February 4, 1863. CHAPTER 767. the city of New port. 1. That William Bushman. Carl Droaga, George Klien, Conrad Haufner, Jr., Frederick Speckman, Carl Baker, Conrad Haufner, Sr., and John Hoops, trustees of the United Evangelical St. Paul's Church, of the city of Newport, and their associates and su cessors, be and they are hereby created a body politic and corporate, by the name and style of The Trustees of the United Evangelical St. Paul's Church, of the City of Newport,” and they, with their as: sociates and successors, shall continue and have perpetual succession; and by that name shall be capable, in law, to sue and be sued, plead and be impleaded, to contract and be contracted with, to answer and be answered, in all courts of law and equity in this Commonwealth and elsewhere; to make, have, and use a common seal, and the same to break, alter, and amend at pleasure; and they may make and ordain such regulations for their government as, from time to time, they may deein expedient and proper, and 1863. 1 may change and renew the same at pleasure: Provided, $ 2. The said corporation shall have power to receive Approved February 4, 1863. CHAPTER 768. county, § 1. That the Auditor of Public Accounts, in his settlement with Thomas B. Harrison, late sheriff of Logan county, for the revenue from that county due for the year 1361, shall allow the said Harrison credit for the sum of six Thousand two hundred and twenty-one dollars and seventysix cents, which he was forcibly compelled to pay to H. E. Read, commissioner for the so-called Provisional Government of Kentucky. § 2. This act shall take effect from and after its passage. Approved February 4, 1863. CHAPTER 769. county. 01. That in the settlement which the Auditor may make with William G. Wade, late sheriff of Simpson county, for the revenue due from that county for the year 1861, the said Wade shall have credit for the sum of one thousand dollars, which, by duress, he was compelled to pay to Wild liam B. Clarke, a commissioner of the so-called Provisional Government of Kentucky. 82. This act shall take effect from and after its passage. Approved February 4, 1863. 1863. CHAPTER 770. turing Company. § 1. That section 8th of an act, entitled, “ An act to in. coporate the Rough Creek Navigation and Manufacturing Company," approved March the 8th, 1856. be so amended as to exiend the time, for the completion of one lock and dam between the inouth of said siream and Hartford, to the first day of January, 1865, instead of the first day of January, 1863, as provided in said act; and all the corporate powers and privileges of the said company, as given hy said act, are hereby revived. § 2. That an act approved March 2d, 1860, changing the name of said company to the "Rough River Navigation and Manufacturing Company," he and the same is hereby repealed ; and all acts heretofore done by the company, under said name, are valid and obligatory, but in future the corporation shall be known under the name and style of “ The Rough Creek Navigation and Manufacturing Company." 3. This act shall take effect from its passage. A pproved February 4, 1863. CHAPTER 771. Bc il enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That H. P. Melton, guardian for Josephine Cothes, is hereby authorized to purchase and pay for a piano, for the use and benefit of his said ward; and that the receipt for the payment of the same shall be a proper voucher in the settleinent of his said ward's estate. 82. This act shall take effect from its passage. Approved February 4, 1863. CHAPTER 777. AN ACT to incorporate Flemingsburg College. Whereas, it hath been presented to the present General Asseinbly that the Christian Church, and friends thereof, of the State of Kentucky, have determined upon establishing an extensive seminary of learning in Flemingsbury, Fleming county, to the support of which they are pledged to use their utmost and undivided efforts, and from which no 1863. Be il enacted by the General Assembly of the Commonwealth § 1. That a seminary of learning shall be and the same Kama and to is hereby established, in the town of Flemingsburg, and county of Fleming, to be known by the name and style of “ Flemingsburg College;" and that the said college shall be founded and maintained forever upon a plan the most liberal, for the benefit of the youth of every class of citizens, and every religious denomination, who shall be freely admitted to equal privileges and advantages of education, and to all the literary honors of the college, according to their merits, under the direction of twenty-one trustees, to wit: Nathan Wease, James Threlkeli, Geo. V. Morris, Trastoen Jeremiah Hall, Hiram Wallingford, John Cochran, Thomas Dickson, E. S. Fitch, Wm. H. Darnall, H. B. Franklin, Wm. A. Morrison, Theodore Hart, J. H. Wells, J. A. Brooks, James E. Sinith, James T. O'Bannon, John T. Wall, Chas. Osborne, Milford Berry, Albert Robertson, and Dan'l Halbert, who, together with such others as shall be hereafter named, and their successors, shall be trustees of said college, and shall hold their first session on the 27th day in February next, at said college. § 2. That the said trustees and their successors, by the Powen el trase name of "The Trustees of Flemingsburg College,” shall be a body politic and incorporate, and as such forever to exisi, and are hereby made able and capable in law to have, possess, purchase, receive, enjoy, and retain, hold or dispose of, for the use of said college, lands, tenements, rents, annuities, pensions, and other hereditarnents in see simple, or for a term of years, life, lives, or otherwise, and also money, bonds, bills, notes, goods, chattels, interests, or effects, of whatever nature or quality or kind svever, hy the gift, bargain, sale, or devise of any person or persons, body politic or corporation capable to make the same; to grant, demise, sell,'alien, and confirm, in such manner as they shall judge most conducive to the interest of said institution: Provided, That the rents and profits and proceeds thereof, shall at no time exceed the amount of fifty thousand dollars per annum. |