city, nor shall said colored citizens participate in the common schools. §2. This act shall take effect from its passage. 1872. Approved March 5, 1872. CHAPTER 393. AN ACT to prohibit the sale of spirituous, vinous, or malt liquors in a certain portion of the Bridgeport election precinct. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That from and after the passage of this act no license shall be granted by the county court of Franklin county to vend, sell, or give away any spirituous, vinous, or malt liquors by retail in the town of Bridgeport, or at any place within that election precinct: Provided, however, That the question shall first be submitted to a vote of the qualified voters living within the prescribed limits whether this act shall take effect or not. § 2. Should a majority of those voting favor the prohi bition contemplated herein, then, in that event, it shall be the duty of the officers conducting such vote to advertise the fact, such notice to be posted at three of the most public places within the precinct. The vote shall be taken at Bridgeport on the first Saturday in April, and be conducted by the same officers who conducted the last regular election at that place. §3. Any person attempting, by any means whatsoever, to evade the provisions of this act, shall be deemed a retailer, and shall be subject to all the pains and penalties now provided by the general laws of this State for retailing liquors without license, and shall be proceeded against in the same manner and under the same rules and regulations; and the fines and forfeitures shall be collected and disposed of in the same way as now provided by said general laws. § 4. This act to take effect so soon as the required vote voting therefor shall have been taken. Approved March 5, 1872. 1872. or corporation may take stock in company. CHAPTER 394. AN ACT to amend an act, entitled "An act to amend an act to incorporate the Red River Iron Manufacturing Company," approved 13th February, 1872. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the third section of an act to amend an act, County, city, entitled "An act to incorporate the Red River Iron Manufacturing Company," approved February 13th, 1872, be, and the same is hereby, amended as follows, viz: Any county, city, corporation (except towns), and individuals in this State may subscribe to the capital stock of said company, authorized and provided for in the second section of said act, in the manner provided for in the third section thereof, no money to be paid nor bonds to be issued until the aggregate sum of five hundred and fifty thousand dollars is subscribed. The owners of stock shall have power to elect the directors, and they to elect all officers of said railroad; each stockholder to have one vote for each share of one hundred dollars' worth of stock he may own in said road. The Red River Iron Manufacturing Company shall not have any control over said road or stock, except it may own stock in said road, and to that extent it may control and vote as any other shareholder may do. The county court of any county, and the city council of any city, or the president and directors of any corporation that owns stock in said road, may provide the mode and manner of casting the vote of said county, city, or corporation for the election of directors, or for any purpose that they may desire in regard to said road. The first election for directors shall be held at Richmond on a day to be agreed upon by a majority of the stockholders. 2. That when any such subscription shall have been Said corpora- made, the county court or council or corporation shall tions may issue have power to issue the bonds of the county, city, or corsaid subscrip- poration, with coupons attached, under the seal of said bonds to pay tion. county court, council of the city, or of the corporation, signed by the judge of the county, or mayor of the city, or president of the corporation, attested by the clerk of court or council, or secretary of the corporation, for an amount sufficient, when sold, to pay the said subscription, to be sold by such person or persons as the court, city council, or corporation may appoint, to raise the means to build said road; said bonds shall be negotiable and payable to bearer in the city of Louisville, Kentucky, having not more than twenty years to run from date to maturity, and shall bear interest from date at a rate not exceeding ten per cent. per annum, payable semi-annually in said city. 3 1872. May levy tax bonds. § 3. That the county court of any county, or council of any city, having voted and subscribed as aforesaid, shall have power to levy a tax on the property, both real and to pay off said personal, as listed for State purposes in said county or city, sufficient to pay the interest on said bonds as they fall due, and such sinking fund for the redemption of the bonds as the county court or city council may order. The county court of said county so subscribing shall summons the justices of the peace of the county to meet at a day specified, not more than thirty days from the time such levy shall be made, to elect three commissioners of the sinking fund of such county, whose duties and terms of office shall be the same as those for counties having subscribed for stock in the Louisville and Nashville Railroad Company, and subject to the same liabilities; and the taxes shall be collected in the same manner as the railroad taxes have been heretofore collected, and are now collected in counties having stock in said Louisville and Nashville Railroad Company; and the sheriff's compensation shall be the same for collecting said taxes as sheriffs are allowed in counties having stock in said last named company. § 4. That section four of the amendment approved February 13th, 1872, is hereby repealed, and in lieu thereof said company may build a railroad from the depot at Richmond, Madison county, to Irvine, and thence to Scott's Landing, in Estill county, and thence to Beattyville, in Lee county; and all laws coming in conflict with the provisions of this act are hereby repealed; and this amendment shall not be construed as limiting the powers and privileges granted in the original charter to which this is an amendment. 5. That if at any election in a county, city, or corporation, a proposition to subscribe stock in said road shall be rejected, another election proposing a greater or less sum may be held in manner and form of the first, and so on, from time to time, on various sums, until enough stock is subscribed to build the road. made on Action of Estill county § 6. That the order of the Estill county court, the 20th February, 1872, submitting to the legal voters of court legalized. Estill county the question whether they are in favor of or against the said court subscribing to the capital stock of the Red River Iron Manufacturing Company the sum of one hundred and fifty thousand dollars for and on behalf of said county, upon the conditions therein set forth, is legalized as if this amendment had then been in force. § 7. This act shall be in force from and after its passage. Approved March 5, 1872. 1872. names. same and style. CHAPTER 395. AN ACT to incorporate, at the town of Walton, in the county of Boone, an WHEREAS, It is represented to the General Assembly that Be it enacted by the General Assembly of the Commonwealth of Kentucky: 1. That John G. Snow, James L. Lampton, Reuben Corporators' Conner, John Arnold, Harvey Hicks, Volney Dickerson, Ben. Q. Roberts, John Case, Jas. B. Finnell, A. Q. Baker, Joseph Jenkins, O P. Hagan, J. Crockett Sayrs, Crockett Sayrs, J. W. Tucker, Daniel McCarty, Frank Mansfield, A. Stansifer, and such other persons as may choose to associate with them, be, and they are hereby, created a bodypolitic and corporate, with perpetual succession, under the Corporate name and style of "The Walton Agricultural and Mechanical Association;" and by that name may sue and be sued, plead and be impleaded, defend and be defended, in all courts of law or equity; and shall be capable of acquiring, by purchase or otherwise, any quantity of land in the county of Boone, and near to the town of Walton not exceeding one hundred acres, and may improve and sell and convey the same, or any part thereof, at pleasure; and may acquire, hold, and dispose of such personal estate as the president and directors of said association may deem necessary and proper. real. §2. The said association may adopt and use a corporate May have and seal, or may use the private seal of the president for the corporate time being. The capital stock of said association shall be divided into shares of twenty-five dollars each, to be subscribed for and taken agreeably to such rules and regBooks to be ulations as the corporation may direct. Any five of the ceive subscrip- persons before named are authorized to open books for the tions of stock. subscription of stock in the said corporation, at such times opened to re and places as they may designate; and if, in their judgment, a sufficient amount of stock has been subscribed to meet the objects and purposes of the said association, they shall call a meeting of the stockholders at Walton on the second Saturday in April, 1872, having first given ten days' notice of said meeting by printed handbills posted Election of in public places, for the purpose of electing a president and twelve directors of said association, to serve for one year from and after that time, and until their successors are duly elected; and thereafter a president and twelve directors shall be annually elected by the stockholders on the second Saturday in April of each and every year, under directors. 1 such rules and regulations as the president and directors of said association may adopt; but no person who is not a stockholder in said association at the time of his election shall hold any office in said association. Each share of stock in said association shall be entitled to one vote in all elections of a president and directors of said association at the first, and at all subsequent elections for said officers. 1872. Power of §3. The prudential, fiscal, and other concerns of said association, together with all its estate of every kind, shall directors. be under the control and management of the president and directors thereof; and they shall have the power to appoint and remove at discretion a treasurer, secretary, and such other inferior officers as they may deem necessary in carrying out the purposes of said association; and they may require of such inferior officers, or of either of them so appointed, bond, with good security, payable to themselves, for the faithful discharge of their duties. The president and directors of the said association shall have full power to adopt all the necessary rules and regulations to secure good order on the fair grounds of said associa tion, and to secure the buildings and property of the same, and to affix penalties to the violation of said rules and regulations. Proceedings for the recovery of said penalties shall be in the name of the president and directors of [ said association, and for its use and benefit, and recover. able before any tribunal having jurisdiction for like sums in actions of debt, and proceeded on in like manner; and in the adoption and enforcement of said rules and regulations said president and directors shall not be confined to the said fair grounds only, but shall have power to prohibit the exhibition of any shows, games, races, or the direct or indirect sale of any liquors or other drinks or refreshments anywhere within the one half of a mile of the grounds of said society, except within the corporate limits of the town of Walton, for and during the days of the exhibitions of the said association. 4. The said president and directors shall have power to contract and be contracted with, in their corporate name, and to do any and every other act, not inconsistent with the laws of this Commonwealth, which, in their opinion, will contribute to the advancement of the objects of the said association. A majority of the directors of Quorum. the said association, together with its president, shall con. stitute a quorum for the transaction of business. The said association, in its corporate capacity, with all the estate belonging thereto, shall be liable for any debts contracted by it or by its authority. Said president and direct-tal stock. ors may, from time to time, reopen books and increase the Directors may increase capi |