one dollar per day: Provided, That no person shall be compelled to work as aforesaid who offers to and does pay or secure the fines imposed. § 10. That the mayor and council are authorized to make all by-laws and ordinances for carrying into effect the powers herein granted, and executing all the provisions of this amendment, with suitable penalties for the infraction of the same. § 11. That all acts and parts of acts concerning the city of Paris, and coming in conflict with this act, be, and the same are hereby, repealed. 1876. Proviso. Approved February 23, 1876. CHAPTER 208. AN ACT to amend an act, entitled "An act to incorporate the Elizabethtown, Be it enacted by the General Assembly of the Commonwealth of Election of directors- when, § 1. That a meeting of stockholders of said company shall be held on the first Saturday in May, 1876, and each year &c. thereafter, at the clerk's office of the Fayette county court, in the city of Lexington, Kentucky, between the hours of 12 M. and 2 P. M., for the purpose of electing nine directors as provided in the act, entitled "An act to incorporate the Elizabethtown, Lexington, and Big Sandy Railroad Company," approved January 29th, 1869; which election shall be held and conducted by the presiding judge of the Fayette county court, the mayor of the city of Lexington, and such directors of said company as reside in the State of Kentucky, any two of whom may act and certify the result thereof. § 2. Any person holding receipts from the sheriff or col. Who eligible. lector of taxes of the counties of Fayette, Clark, or Montgomery, or the city of Lexington, for taxes paid, to the amount of $100, with which to pay the subscriptions of said counties or city to the capital stock of said company, or any stockholder of said company whose subscription has been paid, shall be eligible to the office of director or president of said company. § 3. The stockholders in said company shall only be allowed to vote at said election, or on any other occasion when their vote shall be taken, such stock as they have actually paid up in current funds. 1876. Presiding judge shall vote stock. § 4. The presiding judge of the county courts of Fayette, Clark, and Montgomery, and the mayor of said city of Lexington, shall vote the stock subscribed by said counties and city in person, or by proxy appointed through an order of the respective county courts made by said judges; and in case of the absence of said mayor, by a proxy appointed by the council of said city. § 5. The board of directors thus elected shall have all the rights and powers conferred upon the board of directors by said act incorporating said company, and the amendments thereto. § 6. All acts and parts of acts inconsistent herewith are hereby repealed. § 7. This act shall take effect from and after its passage. Approved February 23, 1876. CHAPTER 209. AN ACT to regulate the sale of spirituous, vinous, and malt liquors in the town of Shelbyville. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That upon a written petition signed by at least twenty of the legal voters in the town of Shelbyville, the judge of the Shelby county court shall make an order on his order-book, at the next regular term of his court after he receives said petition, directing the sheriff, or other officer whose duty it may be to hold the election, to open a poll at the usual place of voting in said town, on the second Saturday in the month next succeeding the month in which said order is made, for the purpose of taking the sense of the legal voters in said town upon the proposition whether or not spirituous, vinous, or malt liquors shall be sold therein. § 2. The duties of the county court clerk and sheriff, or other officer whose duty it may be to hold the election, and of the officers of the election, shall be in all particulars the same as the duties of said officers as prescribed in sections two, three, and four of an act, entitled “An act to regulate the sale of spirituous, vinous, or malt liquors in this Commonwealth," approved January 26, 1874; but the poll shall be returned to the office of the county court clerk on the Monday next suc ceeding said election by noon of that day, and the county judge, county clerk, and sheriff shall examine and compare the same under the same rules as now prescribed by law, except that they may compare said poll on the same day on which it is returned. § 3. If it shall be found that a majority of the legal votes cast at the election herein provided for were given against the sale of spirituous, vinous, or malt liquors in said town, it shall be the duty of the examining board to certify that fact, as provided in section five of the act herein before referred to; and the clerk shall record said certificate as provided in said act, and thereafter said act shall continue in force in said town the same as if no election had been held under this act. § 4. If it shall be found that a majority of the legal votes cast at the election herein provided for were given in favor of the sale of spirituous, vinous, and malt liquors in said town, that fact shall be certified by the examining board and the certificate recorded, as provided in section five of said act; and from and after the entry thereof in the order-book of the county court, the provisions of said act, entitled "An act to regulate the sale of spirituous, vinous, or malt liquors in this Commonwealth," approved January 26, 1874, shall cease to be in force, and shall thereafter be of no effect within said town; and the laws of the State and of said town, in reference to the sale of intoxicating liquors, shall be in full force, the same as if said act of January 26, 1874, had never applied to said town; except that the board of trustees of said town shall have the right to charge and collect for a tavern license, with the privilege of retailing intoxicating liquors to be drunk on the premises, any. sum not exceeding three hundred dollars per year; for a grocery license, not exceeding seventy-five dollars per year; for a druggist's license, not exceeding fifty dollars per year; for a druggist's and grocery license combined, not exceeding one hundred dollars per year; and for a grocery license, with the privilege of retailing malt and vinous liquors, to be drunk on the premises where sold, not exceeding one hundred dollars per year. § 5. The county judge shall not make the order for the election until the persons petitioning therefor have deposited with him, in money, an amount sufficient to pay for the advertisements herein provided for, and the legal fees of the county 1876. 1876. court clerk, and the judges, clerk, and sheriff holding the election. § 6. The qualifications of voters under this act shall be the same as those prescribed by the general laws of this Commonwealth. § 7. This act shall take effect from its passage. Approved February 23, 1876. CHAPTER 210. AN ACT to incorporate the Agricultural Bank of Paris, Kentucky. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That there is hereby established a bank of deposit in Bank established. Paris, Bourbon county, Kentucky, with a capital of fifty Capital stock. thousand dollars, in shares of one hundred dollars each, which may be by the board of directors increased to one hundred thousand dollars, to be subscribed and paid for as hereinafter specified; and the subscribers, their associates, successors, and assigns shall be a body-politic and corporate, by the name and style of the Agricultural Bank of Paris, Kentucky, and shall so continue for a term of twenty years from Corporate the passage of this act, and shall be capable of contracting and being contracted with, of suing and being sued, of impleading and being impleaded; of answering and defending in all courts Common seal. and places whatever; it may have a common seal, and change and renew the same at pleasure. powers. § 2. Said bank shall be under the control and direction of Directors-when nine directors, each of whom shall be a stockholder in the elected, &c. same and a resident of this State; and after the first election the said directors shall be elected annually on the first Monday in January in each succeeding year, and shall hold office until their successors are elected and qualified. They shall elect one of their number president, and shall hold regular meetings at such times as may be fixed by the by-laws: Provided, That other meetings may be had at any time deemed necessary for the transaction of the business of the bank; and Vacancy-how in case of the death or resignation of any director, the vacancy shall be filled by the board of directors; and the person so chosen by the said board shall hold office as a director until his successor shall be elected and qualified at the next annual election. filled. § 3. The directors shall have power to receive subscription for so many of the shares of stock of said bank remaining unsold as they may at any time chose to sell; to declare dividends of the profits arising out of the business, and to appoint such officers, agents, and servants as they may deem necessary to conduct the business of the bank, and pay them such sums as wages and salaries, and take from them severally such bonds to secure the faithful performance of their duties, as they shall think proper and reasonable. 1876. Power of di rectors. Quorum for business what § 4. The president and directors, any five of whom may constitute a quorum for transaction of business, may, from constitutes, &c. time to time, make such by-laws, rules and regulations, for the government of the institution as deemed expedient, not contrary to the provisions of this charter or to the laws of this State or of the United States, or the by-laws and rules which the stockholders, at their annual meeting or other meetings may, from time to time, prescribe: Provided, That for that purpose a concurrence of a majority of all directors shall be necessary. § 5. The stock shall be deemed personal property, and shall be assignable according to such rules as the board of directors shall, from time to time, establish. § 6. No stockholder shall be responsible for any debts or liabilities of said bank further than his or her amount of stock subscribed. A record of ownership of stock shall be kept in the bank, and no transfer valid until recorded; any stockholder desiring to sell his or her stock in said bank must give the president of said bank ten days' notice of their desire to sell said stock; and should said president not purchase or furnish a purchaser for their stock at its market value, then said stockholder has the privilege of selling their stock in open market. Stock personal property. kept. Record to be § 7. H. M. Roseberry, John J. Rogers, J. A. Howerton, Commissioners. and John W. Allison, are hereby appointed commission ers, any two of whom may open books and receive sub scription for the capital stock: Provided, That public notice Powers. |