resigned his office as police judge as aforesaid, and that there is no one authorized to wind up the business returned before him; therefore, Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That all the books and papers now in the office of said judge, and all judgments and executions, be returned and delivered to the president or chairman of the board of trustees, for said town; and that said president of said board be, and he is hereby, authorized to issue process, renew executions, and to wind up and complete all the unfinished business now in the office of said police judge, as fully and completely as the said judge himself could have done; and that for the purposes aforesaid, all the powers vested in said police judge, are hereby vested in the said president or chairman of said board of trustees. § 2. This act to take effect and be in force from its pas sage. 1860. Approved February 2, 1860. CHAPTER 114. AN ACT to incorporate the Old Frankfort Continuation Turnpike Road Com pany. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That a company shall be, and is hereby, incorporated for the purpose of constructing a turnpike road from the point of intersection of the Versailles and Midway and Old Frankfort turnpike road company, at or near the blacksmith shop of Hillery Offutt, in Woodford county, running from that point, in a westerly direction, to a point near the Ducker farm depot, on the Lexington and Frankfort railroad, to be designated by the commissioners, and thence either on and through, or along, the lands of Mrs. Gibson, Elijah Fogg, Robert Scott, and Hubbard Taylor, or, taking a more northwesterly direction from the point above noted, near the Ducker farm depot, to such point on the Cole's road as the commissioners may designate; and thence along said Cole's road to such point on the Lexington, Versailles, and Frankfort turnpike road, as said commissioners may designate. § 2. The capital stock of said company shall be twenty Capital stock. thousand dollars, divided into shares of one hundred dollars each; but the same may be increased by additional subscriptions, in the manner and form as the president and directors of said company may think proper, if such enlargement shall be found necessary to fulfill the intent of this act. 1860. When books for stock to be opened. § 3. That a book for the subscription of stock in said company shall be opened at the house of Hillery Offutt, on subscription of the 1st Monday in March next, or at any time afterwards, under the superintendence of M. B. Gratz, James McKee, R. A. Alexander, V. Payne, F. P. Kinkead, Adam Harper, Thomas Buford, and John Harper, or some one or more of them, who are hereby appointed commissioners; and the subscribers to the stock of said company shall enter into the following obligation in said book, viz.: “We, whose names are hereunto subscribed, do hereby respectively bind ourselves to pay to the president and directors of the Old Frankfort Continuation Turnpike Road Company the sum of one hundred dollars for each and every share of stock in said company set opposite our names, in such manner and proportions, and at such times as shall be required by the president and directors of said company." Which obligation may be enforced in the proper Obligation. courts. § 4. That sections four, five, six, eight, nine, eleven, twelve, thirteen, and fourteen, of an act, entitled "An act to incorporate the Old Frankfort turnpike road company," are made part of this act, and shall apply to the corporation hereby created. § 5. That the company formed and organized by the provisions of this charter, shall be, and is hereby, created a body politic and corporate, in deed and in law, by the name and style of the "President and Directors of the Old Frankfort Continuation Turnpike Road Company," and under the name and style aforesaid shall have perpetual succession, and all the privileges, immunities, and franchises of a body politic and corporate; and as such shall be capable of contracting and being contracted with, of purchasing, taking, and holding to them and their successors and assigns, and of selling and conveying in feesimple, all such lands, and tenements, and estate, real, personal, and mixed, as shall be necessary to them in the prosecution of their work; and to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended, before any and all judicial tribunals whatsoever; and also to make, have, and use a common seal, and the same to break, alter, or renew; and to do any and every act which a body politic and corporate may lawfully do. § 6. Said president and directors shall have the power to acquire the right of way for said road, stone quarries, and land for toll-gates, to the extent, and in the manner, authorized by chapter 103, of the Revised Statutes. § 7. The Legislature hereby reserves the right to repeal, alter, or amend this charter. § 8. This act shall take effect from its passage. Approved February 2, 1860. CHAPTER 115. AN ACT to revive the charter of the Farmers' Turnpike Road Company. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That all the provisions of an act, entitled "An act to incorporate the Farmers' Turnpike Road Company," approved February 3d, 1851, are hereby revived and declared to be in full force; and that said road shall commence in the town of Burlington, at the intersection of Washington and Jefferson streets. § 2. Books may be opened at any time, and kept open during the pleasure of the commissioners or other officers or agents of said road, at Burlington, under the direction of M. Hamilton, N. E. Hawes, and B. W. Sherrill; at Bellevue, under the direction of James Dinsmore, John P. Scott, E. D. Grant, and John E. Walton, or some one or more of them at each place. The work on said road may be commenced at any time. § 3. This act to take effect from its passage. 1860. Approved February 2, 1860. CHAPTER 117. AN ACT to amend the charter of the Warsaw Turnpike Company. Be it enacted by the General Assembly of the Commonwealth of Kentucky: That the president and directors of the Warsaw turnpike company be, and they are hereby, authorized to lease said road now constructed, and their right to construct the unfinished portion thereof, with such other privileges as they may choose to convey within the provisions of their charter, to any person or persons with whom they may contract, and for any term of years not more than ninetynine: Provided, That said president and directors shall, before making such lease, obtain the written consent thereto of the owners or their legal representatives, of two thirds of the stock of said company: And provided further, That neither the president nor any director of said company shall have the right to become a lessee under this amendment. Approved February 2, 1860. 40 1860. CHAPTER 118. AN ACT for the benefit of the Louisville and Frankfort Railroad Company. Be it enacted by the General Assembly of the Commonwealth of Kentucky: §1. That the charter of the Louisville and Frankfort railroad company be, and is hereby, so amended as to authorize the president and directors of said company, from time to time, to lend any surplus money the said company may have, at rates not to exceed legal interest, taking therefor the note or notes of the parties borrowing the same; but no such loan shall be made except upon the parties borrowing giving a lien, or mortgage, on unincumbered real estate, or giving, as collateral security to said company, the bonds of the said company, or the bonds of the State of Kentucky, or the stocks of any of the chartered banks of Kentucky, (and when bank stock is given as collateral security, it shall not be taken at more than ninety per cent, of its par value; and should such bank stock be selling in the market at less than its par value, then shall not be taken at more than eighty per cent. of its market value,) or notes secured by mortgage or lien on unincumbered real estate, situated in the State of Kentucky. § 2. Should the president and directors of said company deem it advisable at any time to create a sinking fund or sinking funds, for any purposes connected with the management of the finances of said company, it shall be lawful for them, from time to time, to invest the means of said company, to such amount as they think advisable, in any bank or gas stocks in the State of Kentucky, or in the bonds of any railroad company, or other corporation in said State, at such prices as such stocks or bonds may be selling for in the market. § 3. This act to go into effect from its passage. Approved February 3, 1860. CHAPTER 119. AN ACT to revive the charter of the Knob Lick Turnpike Road Company. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That an act, approved January the 9th, 1852, incorporating the Knob Lick Turnpike Road Company, is hereby declared in full force and effect from and after the passage of this act. § 2. That said company is hereby authorized to extend their road from its intersection with the Danville and Houstonville road to the Danville and Lebanon road; and that all the rights and privileges granted, and all the liabilities. imposed upon said company by their charter, shall apply to said extension. §3. That they be allowed to erect a toll-gate on said extended road, and charge the usual toll allowed by law. Approved February 3, 1860. 1860. CHAPTER 120. AN ACT to incorporate the Hopewell, Bethlehem, and Clintonville Turnpike Be it enacted by the General Assembly of the Commonwealth of Kentucky: Name and porate powers. § 1. That a company be, and the same is hereby, incorporated, to be called and known as the Hopewell, Bethle- style, and corhem, and Clintonville Turnpike Road Company, and by that name may sue and be sued, plead and be impleaded, in all courts in this Commonwealth. Capital stock. Comm'rs to § 2. The capital stock of said company shall be fifteen thousand dollars, divided into shares of fifty dollars each. §3. The books for subscription of stock shall be opened by J. S. Kenny, Martin Hutcheson, Joseph Northcutt, G. open books. H. Arnent, Henry T. Duncan, James S. Matson, David Penn, and Samuel Penn, or any three of them; the books to be opened at such time and place as they may designate, after having given ten days' notice in three or more public places in Bourbon county. The subscribers shall, in the books of the commissioners, enter into the following obligation, viz.: "We, whose names are hereunto sub- Obligation. scribed, do respectively promise to pay to the president, directors, and company of the Hopewell, Bethlehem, and Clintonville turnpike road company, fifty dollars for each share of stock set opposite our names, in such manner and proportions, and at such times as the president and directors of said company may, from time to time, require. Witness our hands this - day of 18-." When company may organ § 4. So soon as four thousand dollars is subscribed, the commissioners may give notice and proceed to organize by ize." the election of a president and four directors. The road to be made under the provisions of this charter shall commence at or near Hopewell, cross the Cleaveland road at or near Bethlehem, and intersect the Paris and Clintonville turnpike road at such point as said company may deem most practicable. Provisions of other acts ap § 5. The provisions of an act, entitled "An act to incorporate the Paris and Bethlehem turnpike road company," plicable. approved March 10, 1856, and an act to amend said act, approved -, except so far as they are changed by this act, shall be the law governing the company hereby |