1873. How convey § 5. That it shall be lawful for the president of the board of managers, a majority of the stockholders concurring, to sell and convey any real estate belonging to said ances of real escorporation, and that the signature of the president and tate may be made secretary, with the seal of the corporation affixed, shall make such conveyance valid. open books of § 6. The said corporators, or any five (5) of them, may Corporators may open books of subscription, and receive subscription to subscription. the capital stock of said company herein incorporated; and when thirty thousand dollars shall be subscribed, and two dollars per share shall be paid thereon, the corporators, or a majority thereof, shall meet for organization under this charter. The board of directors may make such calls of payment of stock as they may deem advisable; they may have a corporate seal, and may alter or change the same at pleasure. After $75,000 is to § 7. After seventy-five thousand dollars of the capital stock shall be paid, said Odd Fellows' Temple Associa-cribed, may tion, by consent of a majority of its directors, may issue same amount. bonds to the amount of seventy-five thousand dollars or less; said bonds shall bear interest at a rate not exceeding ten per cent. per annum, interest payable semi-annually, and shall have not exceeding thirty years to run; that the bonds may be issued in such sum as the board of directors may direct, not less, however, than one hundred dollars; that the board of directors shall prescribe the form of the bond; they shall be signed by the president and secretary. The property of this association shall be bound for the payment of said bonds, and a prior lien is to be retained to secure the payment of the same. 8. This act shall be in force from and after its passage. AN ACT to incorporate Ivy Lodge, No. 21, Knights of Pythias. Be it enacted by the General Assembly of the Commonwealth of Kentucky: §1. That the officers and members of Ivy Lodge, No. 21, Knights of Pythias, of Henderson, Kentucky, and their successors, be, and they are hereby, created a body 1873. Name and style ers. politic and corporate, by the name and style of Ivy Lodge, No. 21, Knights of Pythias, of Henderson, Kentucky; and by that name and style shall have perpetual Corporate pow. succession; shall be qualified and capable to contract and be contracted with, to sue and be sued, to plead and be impleaded, to acquire, purchase, and hold such real and personal property as may be required for the use, accommodation, and convenience of said lodge; to receive conveyances, to sell, convey, and dispose of all such estate, real and personal, as they may now have, or may hereafter acquire: Provided, That the real estate so held by said lodge shall not exceed $50,000 in value, exclusive of the buildings thereon. money and issue bonds. § 2. Said lodge may borrow money and issue bonds May borrow therefor, bearing interest not exceeding ten per cent.. per annum, redeemable within twenty years, and for an amount not exceeding the value of their unencumbered real estate. their powers. §3. The supervision, care, custody, and management Trustees and of the lodge property is confided to, and vested in, S. A. Young, James T. Williams, and F. H. Overton, trustees of said lodge, and their successors in office, who, or any two of whom, shall have power to make all contracts pertaining to the property of said lodge, when done in pursuance of the rules, by-laws and instructions of said lodge; and that service of process or notice on any one of such trustees, or their successors, shall be sufficient notice to said corporation. laws, &c. § 4. Said corporation shall have power to make such May make by by-laws, rules and regulations, for their government, as they may, from time to time, deem necessary, desirable, or expedient, not inconsistent with the laws of this State; they may have a common seal, and may change or alter the same at will. § 5. Each and every trustee of said lodge shall subscribe and acknowledge all conveyances by the lodge of real estate. § 6. Only lodge property shall be liable for the debts of said lodge; and no member of said lodge shall be held individually liable for such debts. § 7. The General Assembly may repeal or amend this charter at pleasure. § 8. This act shall take effect from its passage. Approved March 22, 1873. CHAPTER 454. AN ACT to incorporate the Kentucky Society for the Prevention of Cruelty to Animals. Be it enacted by the General Assembly of the Commonwealth of Kentucky: 1873. Corporators' names. § 1. That B. F. Avery, W. C. Kennedy, E. H. Chase, J. R. DelVecchio, H. W. Gray, W. F. Raynolds, jr., T. J. Griffith, W. M. Pratt, Henry Burkhardt, Lancaster Spalding, C. D. Jacob, J. H. Heywood, E. T. Perkins, all of the city of Louisville, and such other persons as may be associated with them in conformity to this act, and their successors, are hereby constituted and created a bodycorporate, by the name of "The Kentucky Society for the Name and style. Prevention of Cruelty to Animals.” § 2. The officers of the said corporation shall consist Officers. of a president, twenty vice presidents, one secretary, one treasurer, an executive committee or board of sixteen directors, and such other officers as shall, from time to time, seem necessary to this society. § 3. The foregoing officers shall be chosen from among the members of the society. § 4. A library may be created for the use of the society. § 5. The said society, for fixing the terms of admission of its members; for the government of the same; for the election, changing, and altering the officers above named, and for the general regulation and management of its affairs, shall have power to form a code of by-laws, not inconsistent with the laws of this State or of the United States. § 6. This society shall not, in its corporate capacity, hold real estate exceeding in value, at any one time, the sum of one hundred thousand dollars. § 7. The police force of the city of Louisville, as well as of all other places where police organizations exist, shall, as occasion may require, aid the society, its members or agents, in the enforcement of all laws which are now or may hereafter be enacted for the protection of dumb animals. § 8. One half of the fines collected through the instrumentality of the society or of its agents, for violation of such laws, shall accrue to the benefit of said society, and the other half to the Commonwealth. 9. The provisions of this act shall be general within the boundaries of the State. § 10. This act shall take effect immediately. Approved March 22, 1873. May make bylaws, &c. Police officers to aid society. How fines shall be disposed of. 1873. CHAPTER 455. money on bonds for certain poses. pur AN ACT to further amend the charter of the Newport and Cincinnati Bridge Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That where the Newport and Cincinnati Bridge Company has contracted, or may contract, an indebtedness in the course of the construction of its bridge, or may desire to obtain means for its repair, alteration, or improvement, in addition to the powers heretofore granted in the charter of said bridge company, and the act amendatory thereof, approved February 26th, 1868, the said bridge company is hereby authorized, for the purposes of liquidating such indebtedness or obtaining such May borrow further means, to borrow the additional required sum or sums of money, upon the credit of the corporation, and to execute coupon bonds or other evidences of indebtedness therefor, and secure the payment of the same by an additional mortgage or mortgages upon the property, rights, income and franchises of the corporation, upon the terms and conditions, and with the effect, prescribed in the third section of the said amendatory act of February May increase 26th, 1868; and said company, for either or all of the purposes aforesaid, is hereby also authorized to increase its capital stock in such amount or amounts as may be authorized by the existing stockholders, as hereinafter provided, and to make the same a preferred stock, guaranteeing to the holders thereof dividends out of the net earnings and income of the company, to be first paid before any dividends on its common stock, at such rate as may be fixed in the creation thereof, not exceeding eight per cent. per annum, payable quarterly, and the same to issue and dispose of at such rates and on such terms as the said company may deem expedient. capital stock. ions of this act. § 2. Before it shall be lawful to exercise any power or Stockholders to authority conferred by the preceding section of this act, Essent to provis- the same shall be consented to in writing by stockholders owning two thirds in amount of the existing capital stock of said company, or by a vote in favor thereof of a like interest, at a regular meeting of the stockholders, or a special meeting called for the purpose, upon public notice for thirty days; and in case of an increase of the capital stock under the provisions of this act, the creation of the same shall not be deemed complete until a certificate, setting forth the amount of said increase, and the terms and conditions on which the same is to be issued, and the amount of the previously existing capital stock, and the written assent or vote of the stockholders, as herein required, signed by the president of the company and at tested by its corporate seal, shall have been first filed in the office of the Secretary of State. 3. This act shall take effect from its passage. 1873. Approved March 22, 1873. CHAPTER 456. AN ACT to incorporate the Auburn Building and Loan Association. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Corporators' names. §1. That Asa Holland, David McArley, Harrison Woodward, W. N. Crewdson, John Evans, David Childers, John Felts, W D. Price, and J. W. Smith, and their associates and successors, be, and they are hereby, created a bodycorporate, under the name and style of the Auburn Build- Name and style. ing and Loan Association, of Auburn, Kentucky. § 2. Said association shall, by that name and style, have perpetual succession, and be capable of suing and being sued, pleading and being impleaded, in all courts and places; of contracting and being contracted with; of having a common seal, and the same to make, break, or alter at pleasure; to acquire, use, hold, and sell real and personal estate, in and near Auburn and Logan county, Kentucky, issue stock, not exceeding $50,000, loan its funds at legal rates of interest, and take mortgages and other securities therefor. Corporate pow ers. be subscribed. § 3. The funds of this association shall be represented How stock shall by stock, and each share of stock shall be $100, which share shall be personal property, and may be subscribed, paid for, transferred, and forfeited for non-payment, in such manner as the said association, or its board of directors, may, by resolution or by-laws, prescribe and determine. § 4. The officers of said association shall be a presi- Officers. dent, secretary, treasurer, and five directors; but no person shall be a director or other officer unless he be the owner of at least two shares of stock. § 5. The board of directors may employ such attorneys and agents to act for the association as, in their judgment, the business may require. 6. The corporators above named shall open books for the subscription of stock, and whenever fifty shares shall be subscribed said association may go into operation; other shares may subsequently be subscribed, until the whole stock ($50,000) is taken; the subscribers thereto being required to pay the back installments corresponding with the shares paid by the original subscribers, with interest at such rate, not exceeding ten per centum per annum, as the association may prescribe in its by-laws. Board may appoint attorneys, &c. When company may commence operations. |