1860. Entrance fee ad to heirs, &c., as long as they remain owners of same. altered. Administra of company to be intrusted to tion of affairs fore he can be readmitted, though that shall not be required at a renewal of a policy expired, unless the member has withdrawn. § 17. The entrance fee, which has been paid, as provided in section four hereof, by the owner of a house insured, is valid and sufficient for the heirs of his body so long as they remain the owners and proprietors of the property so insured, and conform to the rules of the association. But whenever the house shall be sold or descend to other heirs than 'those herein mentioned, the insurance shall expire. § 18. A vote of two thirds of the members present shall How by-laws be required to make, alter, or amend any law or by-law. § 19. The administration of the affairs of the association shall be intrusted to the officers named, and elected, and appointed, under the provisions of section three hereof; but each and every member of the association shall be entitled to an examination of the books, papers, and general transactions of the association, upon application therefor to the secretary. officers. § 20. The officers already elected and appointed may Term of office. hold until the expiration of their terms, and their election is hereby made valid. § 21. Every member of this association shall be, and hereby is, bound to pay his proportion of all losses and expenses of the association, happening and occurring in and to said association; and all buildings insured by and in said association, together with the right, title, and interest of the assured to the lands on which they stand, shall be pledged to said association, and the said association shall have a lien thereon against the assured during the continuance of his, her, or their policies: Provided, That no such lien shall be enforced against any purchaser for a valuable 'consideration without notice, or against any creditor where debt shall have been contracted without notice. § 22. This association shall exist as long as seven of its members remain. § 23. The Legislature reserves power to amend or repeal this act. Approved January 16, 1860. CHAPTER 65. AN ACT to incorporate the Woodford Female College. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. Thos. N. Gaines, Thos. L. Graddy, J. H. Hickman, Corporators R. C. Graves, and C. W. Nuckols, and their successors in office, be, and they are hereby, constituted a body politic names. and corporate, to be known by the name of the trustees of the "Woodford Female College," and by that name they shall have perpetual succession, and a common seal, with power to alter or renew the same at pleasure; to sue or be sued, plead or impleaded, in any of the courts of this Commonwealth; to acquire by gift, grant, devise, purchase, or otherwise, any real or personal property for the use of said college, not to exceed fifty thousand dollars in value; to sell and dispose of the same according to the by-laws which may be hereafter established by the trustees of said college, and reinvest the proceeds thereof in such real and personal estate for the use of the college as they may deem proper. 1860. Name and style, and corporate powers. § 2. The capital stock of said college shall be divided Capital stock. into shares of one hundred dollars each, to be subscribed and paid for according to the regulations laid down. in its by-laws; but this act shall not be construed so as to affect the trusts and conditions upon which the stock is held. that has been already subscribed for the benefit of said college; and said stock is to be held and disposed of in accordance with the articles of agreement already made and entered into by the stockholders. It is hereby declared that the stock which has been already subscribed for the benefit of said college shall be entitled to the benefits conferred by this charter. The said trustees shall hold the property already purchased for the benefit of said college, and the stock subscribed, as has been agreed upon in the articles of agreement entered into by them before the date of this act; and they shall acquire and hold such property as may be purchased hereafter for the benefit of the college, and dispose of the same as may be determined by its by-laws. §3. The trustees may open books for the subscription of additional stock in said college, at such times and places, and keep the same open for such length of time, as they may hereafter prescribe by the by-laws to be established under this charter, and prescribe the mode and time of payment of the same. Books to be opened. When officers 4. The trustees hereby incorporated shall hold their offices until the first Monday in August, 1860; at which to be elected. time, and annually thereafter, an election shall be held by the stockholders for trustees of said college. Each stockholder shall be entitled to one vote, either in person or by proxy, for every share of stock he or she holds; and the candidates receiving the largest number of votes shall be declared duly elected, and shall hold their office until their successors shall be elected. Property ex § 5. The property, both real and personal, hereafter obtained under this charter, and that now already held for prom taxthe benefit of said college, shall be exempt from all taxation. ation. 1860. court may take stock. § 6. The county court of Woodford county, a majority of the justices thereof concurring, and the chairman and Woodford co'y board of trustees of the town of Versailles, are hereby authorized to subscribe for any number of shares of stock in said college which they may see fit to take, and to appropriate so much of the county revenue and town tax annually assessed in said county and town as may be necessary to pay their said subscriptions. Officers. conferred. §7. The trustees shall have the power to choose from their own body a president, secretary, and treasurer; and shall have power to fill all vacancies in their own body, or the said offices, until the next regular election; and at all meetings a majority shall constitute a quorum to do busi ness. § 8. The trustees, with the advice of the principal of the Diplomas to be college, shall have the power to confer upon the pupils of said college any or all the diplomas and degrees conferred by the best female colleges in Kentucky; and they, together with the principal and assistant teachers in said college, who have taught said pupils, shall sign said diplomas and affix the seal of the college thereto. how chosen. § 9. The trustees shall have power, a majority thereof Professors concurring, to elect the professors, principals, and tutors of said college; and upon the disqualification, death, resignation, or removal from office of any of the trustees, professors, principals, tutors, or other officers of said college, the board of trustees shall fill the vacancy by appointment. The clerk, treasurer, professors, principals, and tutors in said college, shall be subject to the direction of the board of trustees, and to be removed by them when they shall deem it for the interest of the college to do so. May make bylaws. § 10. The trustees shall have power, from time to time, to establish such by-laws, rules, and ordinances, not inconsistent with this charter, the constitution and laws of this State, or of the United States, as they shall deem necessary for the supervision and government of said college, and are hereby invested with all the other powers and authority incident to similar institutions. § 11. The stock may be negotiated and assigned on the Stock may be books of the trustees, and the assignees be entitled to all assigned. the privileges of stockholders. The trustees shall annually declare and pay such dividends, as shall be earned. All dividends, however, may, with the consent of the stockholders entitled thereto, be invested in real or personal property for the benefit of said college. § 12. This act shall take effect from and after its passage. The Legislature, however, reserves the right to alter, amend, or repeal this charter. Approved January 16, 1860. CHAPTER 66. AN ACT to incorporate the Portland Baptist Church. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the members of the Portland Baptist church, in the city of Portland, in Jefferson county, be, and they are bereby, created a body politic and corporate, by the name and style of Portland Baptist Church, with perpetual succession; and by that name shall be capable of contracting and being contracted with, of suing and being sued, plead and be impleaded, of purchasing and holding all such real and personal estate as may be required for the use and accommodation of said church. They shall have power to receive all necessary conveyances; to sell, convey, and dispose of all such real and personal estate as they may now have or hereafter acquire. § 2. That the concerns of said corporation shall be managed by William Underwood, James M. Blake, and J. W. Ray, and their successors, as trustees of said church. The members of said church hereby reserve to themselves the right to depose any or all of said trustees, at any time a majority of the members shall so decide. §3. The General Assembly hereby reserves the right to change or repeal this act at pleasure. Approved January 16, 1860. 1860. CHAPTER 67. AN ACT to incorporate the town of Tilton, in Fleming county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: rated. § 1. That the town of Tilton, in the county of Fleming, Town incorpobe, and the same is hereby, established and incorporated, with the several streets and alleys and lots, as respectively laid and numbered, or may be laid out and numbered here-. after, within the limits of fifty acres; and Arch. Hall, Jas. C. Sously, H. G. Allen, James D. Webster, and Isaac C. Trustees. Overly, are hereby appointed trustees for said town, from the first day of January, 1860, until their successors be duly elected and qualified. On the first Saturday of April, 1860, and every year thereafter, the qualified voters of said town to be held. shall meet and elect five trustees for said town, at some place designated by the trustees of said town, and under inspectors who shall be appointed by said trustees, which inspectors shall be qualified voters, and shall, under oath, make returns to the town clerk, who shall lay the same before the trustees, and shall carefully preserve the said returns as records in his office. The trustees shall be the When election 1880. Trustees to be ifications of officers. Term of office. To take oath Created body porate. exclusive judges of the qualifications of all officers, candidates, and returns of the inspectors; and if from any cause judges of qual the officers returned electors shall not be deemed elected or eligible, or an election shall fail from any cause, the trustees may order a new one. All elections shall be determined by a plurality of votes. The term of office of said trustees shall be one year next after their election, or until their successors are duly elected and qualified; and should a vacancy occur, said remaining trustees may fill the same by appointment, made by said remaining board of trustees, the appointee to hold his office until the next annual election for trustees. And the said trustees hereby appointed, and those hereafter to be elected, shall, before they enter upon their duties of office, take an oath before some justice, judge, or police judge of said county of Fleming, truly and faithfully to perform the duties enjoined on them by law as trustees. And the inhabitants included in the forepolitic and cor- going boundary are hereby created a body politic and corporate, with perpetual succession, by the name and style of the Trustees of the Town of Tilton; and in that name may contract and be contracted with, sue and be sued in all courts and places whatsoever, and may have and use a corporate seal, and the same may alter and renew at pleasure. § 2. Said trustees shall have power to assess and collect a poll tax on all the inhabitants and legal tithables of said Trustees may town, not exceeding one dollar; and to levy and collect an ad valorem tax on all real estate within said town, and whatever now is, or may hereafter be, taxable by the revenue laws of this Commonwealth, found or at the time belonging to the inhabitants of said town, not to exceed twenty-five cents on each one hundred dollars' worth of property, or whatever may be so taxed. Said trustees may, a majority concurring, assess all the property in said town once in each year; and they shall keep in a book for that purpose each and every assessment, which shall be open at the request of any inhabitant for inspection and examination. Said trustees shall have the power to appoint a collector Collector to annually to collect the taxes assessed by said trustees in be appointed. said town, who shall give bond and security to the trustees of said town for the faithful discharge of his duties as collector; and he shall have power, if necessary to collect the same, to coerce the payment of all the taxes assessed by the trustees of said town, by distress and sale of personal property, in the same manner that sheriffs are authorized to do in collecting the county levy; and no personal property shall be exempt from said distress. And said collector shall receive such rates of compensation as may be contracted for. levy and collect tax. May assess property. § 3. The said trustees shall have power to pass all needful by-laws and ordinances for the due and faithful admin |