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part of subscriptions demanded in accordance with the provisions of this section, for the space of sixty days next after the same shall be due and payable, the stock on which it is demanded shall be forfeited to said company, and may be sold for the benefit of the company; but the president and directors may remit such forfeiture on such terms as they may deem proper, and may collect the subscription by action at law.

1863.

§4. The capital stock of said company shall be not capital stock. more than three hundred thousand dollars, in shares of twenty-five dollars each, which may be subscribed for by any individual or corporation, and shall be deemed and considered as personal property.

§ 5. That at the expiration of twenty days from the time of opening said books, if one hundred shares of the capital stock shall have been subscribed, or as soon as the Fame shall be subscribed, it shall be the duty of said commissioners, or a majority of them, to call a general meeting of the stockholders at such time and place as they may appoint, giving a reasonable notice thereof in such a manner as may be deemed best; and at such meeting said commissions shall lay the subscription books before the subscribers then present, and thereupon said subscribers, or a majority of them present, shall, from among the stockholders, elect five directors, by ballot, to manage the af fairs of said company; and the directors so elected, or a majority of them, shall have power to elect a president of said company, either from their own number or any other stockholder, and of allowing him such compensation for his services as they may deem right; and in elections of officers, and on all other occasions when a vote of stockholders is required, each stockholder shall have one vote for every share of stock owned by said stockholder; and every stockholder may, in writing, depute any other person to vote for him, her, or it, as his, her, or its proxy; and com nissioners aforesaid, or any three or more of them, shall be the judges of said first election of directors.

When general meet'g of stock

holders to called

Five director to be elected.

May constract

6. That said company is hereby invested with all the rights and powers necessary for the construction and main track. tenance of a single track horse railroad, from the intersec tion of the middie of Second street, in Louisville, with the southern line of Main street to the intersection of First street and Park avenue, south of said city, together with all necessary turn-outs and turn-tables; said road to cross fron Second to First street on Kentucky street, or some street north thereof; and said company shall have power to make any lawful contract with any other railroad or other corporations in relation to the business of said company, and to make joint stock with any such corporation. Said road shall be laid along the middle of the streets along which it runs, and so that the rails thereof shall not

1863.

ing passengers.

Notice to be

given when lo

mined.

be higher than the level of the adjacent street pavement, so as to form the least possible obstruction to vehicles passing on said streets; and after laying down the track, the company shall, at its own expense, replace the pavement in good order and keep the same in repair between the rails and for two feet on each side thereof.

§ 7. Said company shall not charge for passage on said Rates for carry road any greater fare than ten cents for carrying a passenger the whole length of said road, nor more than five cents for carrying a passenger from any point south of Kentucky street to any other point south of the same; nor for carrying a passenger from any point north of said street to any other point north of the same. When said company eation is deter shall have determined upon the location of the road within the limits herein prescribed, they shall give notice thereof in a daily paper published in Louisville, by six daily insertions; and if the owners-a majority in value-of the lots within the city of Louisville, fronting the part of either of the streets along which said road is so located, shall, within twenty days of the first publication aforesaid, file in the office of the president of said company their ob jection, in writing, to the location in front of their lots, the road shall not be laid on that location; but the company may change the location, and lay the road thereon, if after similar publication of the new location no new objection be filed as aforesaid; and they may so change the location as often as they please, but shall not lay any road till after such a publication as specified above, without any such objection as above mentioned; and the company may adopt a new terminus for the road within the city, and within the limits above prescribed for the location thereof

§ 8. Said road is not to be made except with the consent of the general council of the city of Louisville, and upon such conditions and terms as may be required by the general council.

§ 9. That said company shall have the right to condemn the right of way, and such ground as may be necessary for turn-out, turn-tables, stables, and car sheds, by writ of ad quod damnum, as is provided in the Revised Statutes for turnpike road companies. That the president and directors of said company may receive in payment of stock notes secured by mortgages, bearing such rates of interest as may be agreed upon.

Approved March 3, 1863.

CHAPTER 1048.

AN ACT for the benefit of John Armstrong, collector of the revenue and county levy of Carter county for the year 1861.

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

§ 1. That John Armstrong, collector of the revenue and county levy of Carter county for the year 1861, be allowed until the first day of July, 1863, to collect and pay over said revenue and county levy; and that he also be allowed until the said first day of July, 1863, to return an additional delinquent list for said county; and that said John Armstrong be allowed a credit for all delinquents returned by him on or before the said first day of July, 1863, in his settlements for the revenue and county levy for said year 1861: Provided however, That he shall not be allowed to return as delinquent any tax payer, unless he makes it satisfactorily appear to the court that owing to the insolvency, or non-residence of such tax payer the tax due by him could not have been collected of him within the time prescribed by the laws then in force.

§ 2. Before said Armstrong shall be entitled to the provisions of this act, said Armstrong's securities in his official bond, shall go into the county court of said county and enter their consent of record to the extension of time given in this act to said sheriff to pay in the revenue due from said county.

§ 3. This act to take effect from and after its passage. Approved March 3, 1863.

1863.

CHAPTER 1049.

AN ACT for the benefit of the trustees of the town of Vanceburg. Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That the election of trustees of the town of Vanceburg, in Lewis county, in the year 1862, is hereby legalized and held to be valid in all respects; and the acts of said trustees be held to be as valid and binding in all respects as though the election of said trustees, as to the time and manner of holding the election, had been in all respects as provided by law.

§2. This act shall take effect from its passage. Approved March 3, 1863.

1863.

CHAPTER 1050.

AN ACT for the benefit of School District No. 9, in Boone county. Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That the trustees of school district No. 9, in Boone county, have the further time until the first day of May next in which to make out and forward to the Superintendent of Public Instruction their report for a school taught in said district in 1861; and when so reported, the Superintendent of Public Instruction shall draw his warrant on the treasury for amount due said year.

§ 2. This act shall take effect from its passage.

Approved March 3, 1863.

CHAPTER 1051.

AN ACT to amend the charter of the town of Gistville, in Henry

county.

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

§1. That the trustees of the town of Gistville shall have power to levy a tax on all persons living in said town, or owning property in the corporate limits of said town, of not exceeding one dollar on each one hundred dollars worth of property ad valorem, to be applied to the repairs of said

town.

§ 2. That all fines and forfeitures collected in said town shall be paid to said trustees, to be used for the benefit and repairs of said town.

§3. That the citizens residing in the aforesaid town shall not be compelled to work on any road or roads more than one mile from said town.

§ 4. That the town marshal of the aforesaid town shall have jurisdiction co-extensive with a constable in the county of Henry, to collect debts and serve process; said constable and his successors shall first give bond with approv ed security in the Henry county court.

§ 5. This act shall take effect from and after its passage. Approved March 3, 1863.

CHAPTER 1052.

AN ACT repealing the 3d section of chapter 320 of an act, entitled, an act to incorporate the Library Association Company, approved February 18th, 1860.

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

§ 1. That the 3d section of chapter 320, of an act, entitled, "an act to incorporate the Library Association Company," approved February 18th, 1860, be and the same is hereby repealed.

§ 2. This act to take effect from its passage.

Approved March 3, 1863

1863.

CHAPTER 1056.

AN ACT for the benefit of Joel Martin, late sheriff of Floyd county. Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That Joel Martin, late sheriff of Floyd county, be and he is hereby allowed the further time of two years, from and after the passage of this act, to collect all taxes and county levy due from delinquents, and all fees due him as sheriff or fee bills placed in his hands for collection while sheriff, and may distrain for and collect the same, any law to the contrary notwithstanding, subject to the same rules and regulations and penalties now prescribed by law. § 2. This act to take effect from its passage.

Approved March 3, 1863.

CHAPTER 1057.

AN ACT to amend the charter of the city of Louisville. Be it enacted by the General Assembly of the Commonwealth of Kentucky:

§ 1. That the general council of the city of Louisville may, from time to time, issue and dispose of the bonds of said city, to an amount not exceeding in the aggregate the sum of one hundred thousand dollars, with coupons for semi-annual interest, and having such maturities not exceeding twenty years from their date, and payable at such times and places and in such sums as may be expressed in said bonds; Provided however, That said bonds shall not be issued unless a majority of the members elected to each board of the general council shall agree thereto.

§ 2. That in order to provide for the payment of said bonds and interest, the said general council may, from year

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