1860. herein provided, in order to raise the necessary funds to pay the debts not secured by mortgage or deed of trust, the corporation and the punctual payment of interest on its debts and fraternity of liabilities. May reorganize of the Masonic Louisville. § 2. That James B. Wilder, Samuel P. Weissiger, James Commissioners Guthrie, John M. Delph, and Edward Crutchfield, shall be, to open books. and are hereby, appointed commissioners to open books of subscription, and raise by subscription, not exceeding one hundred and fifty thousand dollars of stock, in shares of one hundred dollars each. tute first board of directors. § 3. That the present stockholders shall have the right to pay for one share of stock in this company, by the transfer of two shares of stock in the present company, and the payment of ten dollars in cash within one year; and shall have the right to pay for one half share in this company, by the transfer of one share of stock in the present company, and the payment of five dollars in cash within one year. § 4. That whenever two hundred shares of stock shall have been subscribed, the said commissioners shall have the right to file a list of the subscribers, certified under the hands of at least three of them, in the clerk's office of the Jefferson county court, and have said list recorded; and thereupon, the said subscribers shall become a body politic or corporate, under the name and style of the Masonic Temple Company of Louisville, Ky., with power and authority to sue and be sued, plead and be impleaded, contract and be contracted with, have and use a common seal, pass by-laws, and alter and amend the same; and shall keep a record of their proceedings, and have perpetual succession. § 5. That as many of the commissioners named in the Who to consti- second section hereof, as shall become stockholders under this charter, shall constitute the first board of directors of this corporation, with the power of choosing one of their own body, or any other stockholder, president, and elect directors in place of those commissioners who do not become stockholders under this charter, holders may be in this corpora conditions. § 6. That all the stockholders in the present corporation Present stock shall have the right to become stockholders in this corpocome stockh'rs ration, by the surrender of two shares of stock in the present tion on certain company, and the payment of ten dollars in cash within one year, for each share of stock in this company; and the right to have one half share of stock in this company, by the transfer of one share of stock in the present company, and the payment of five dollars in cash within one year; the stockholders of this corporation shall have the right to purchase up the shares of the present company. May sell preferred shares. and § 7. That the president and directors shall have power and authority to sell not more than fifty thousand dollars of the one hundred and fifty thousand dollars of the capital stock, in preferred shares, bearing not exceeding ten per cent. per annum interest, payable semi-annually, and take in payment therefor any of the existing debts of the corporation, or to sell the same for cash, and thus pay off the debts of the existing corporation. § 8. The president and directors of this corporation shall have power and authority to purchase the Masonic Temple, and the corporate rights of the existing corporation, subject to the mortgages on the same, and rent out the rooms in said Temple, and any of its franchises, and apply the rents and profits to the payment of interest on the mortgage debts and on the preferred stock, until the mortgage debts shall be discharged, and the rents and profits shall be sufficient not only to pay the preferred stockholders, not exceeding ten per cent. per annum interest, but all the stockholders the same dividend; after which there shall be no preferred stock. 9. That stock in this corporation shall be personal estate, and pass by assignment on stock books to be kept by the corporation, as the by-laws shall direct; and each full share shall entitle the holder to one vote at all elections and meetings of the stockholders. § 10. That there shall be annual elections of a president and five directors, at such time and place as the by-laws shall direct, under the supervision of two stockholders who are not directors; and the president and directors shall hold their office until their successors are elected, and have authority to fill vacancies in their own body, happening by death, resignation, or otherwise. 1860. May purchase ple, &c. Masonic Tem Stock to be personal estate. and pass by assignment. Votes. When officers term of office. to be elected, & Grand Lodge may become Quorum. §11. If the Grand Lodge of Kentucky shall avail herself of the right to become a stockholder under this charter, stockholders. she shall have the privilege of appointing one director, in addition to the five before mentioned; and a majority of the directors shall constitute a quorum for the transaction of business, always counting the president as one. § 12. At least one half of the directors shall be affiliated One half of diMasons. rectors to be affiliat'd Masons. Repealing 13. That so much of the fourth section of the amendment to the original charter, approved January 24, 1854, clause. as limits the dividends to be paid to the stockholders of the Savings Institution therein provided for, to ten per cent. per annum, and so much of the amendment approved 9th of March, 1854, as authorizes the appointment of the cashier of said Savings Institution by the board of finance, be, and the same is hereby, repealed. §14. That said corporation shall have the right to organize said Savings Institution, or rent the right to organize the same to others, who may organize the same by the appointment of its own officers and agents, and shall have Corporation may organize savings instituright to others. tion, or rent the 1860. the right to make and ordain by-laws, rules, and regulations, for its government. § 15. Nothing herein contained shall be so construed as Who may take to prevent others than the stockholders in this corporation from taking stock in said Savings Institution. stock in sav'gs institution. § 16. That when this corporation is organized, and becomes the purchaser of the Masonic Temple, it shall be the successor of the corporation of the "Masonic Fraternity of Louisville." 17. That so much of the charter of the "Masonic Fraternity of Louisville," approved February 27, 1849, and the amendments thereto, as conflicts with the provisions of this act, be, and the same is hereby, repealed. Approved February 2, 1860. CHAPTER 108. AN ACT to amend an act, entitled "An act to incorporate certain Turnpike Com. panies in Montgomery county." Be it enacted by the General Assembly of the Commonwealth of Kentucky: That the act, entitled "An act to incorporate certain turnpike road companies in Montgomery county, and for other purposes," approved March 5th, 1850, be so amended as to add the names of Marion Oldham, J. F. Calk, Walter Fletcher, Matthew W. Anderson, B. F. Binkley, James McKee, to those of Baldwin Wilkerson and others, under whose direction the books for subscription of stock shall be opened. Approved February 2, 1860. CHAPTER 109. AN ACT to authorize the Marshall County Court to change the State Road. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the Marshall county court be, and the same is hereby, authorized to change that portion of the State road from Eggnor's Ferry to Paducah, which runs through the lands of Wm. H. Nimmo, C. C. Aston, and Enos Faughn, of Marshall county, as follows: commencing at the southeast corner of said Nimmo's land, and running thence due west along or near the dividing line between said Nimmo, Aston, and Faughn, to the east end of said Faughn's lane: Provided, That the said court, in making such change, shall be governed by the general laws in force in relation to roads, except that it shall not be necessary to appoint viewers. § 2. That the county court, as aforesaid, may establish alternate sections in the proposed change, at the request of either of the parties concerned: Provided, That such section shall start from some point in the present road, and continue along the aforesaid line until it intersects the present road again: And provided further, That before such change or changes shall be made, the proposed road shall be opened out at least twenty feet wide, and put in good order. § 3. This act to take effect from and after its passage. Approved February 2, 1860. 1860. CHAPTER 110. AN ACT to incorporate the Iron Works Turnpike Company. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That William Martin, Pike Herriott, Leland Peak, John F. Payne, Caswell Graves, George W. Johnson, J. Stoddard Johnston, and others, subscribers, shall be, and are hereby, incorporated into a company for the purpose of turnpiking that portion of the Iron Works road included between the Lexington and Georgetown and the Georgetown and Versailles turnpikes; and shall have all the privileges, exemptions, and rights conferred upon and now possessed by the Georgetown and South Elkhorn Turnpike Company. § 2. That the said subscribers shall have the right to organize and elect a president and other officers, whenever they shall have money enough subscribed to build any portion of said road not less than two and a half miles, and to collect toll in proportion to the length constructed. Approved February 2, 1860. CHAPTER 111. AN ACT to amend the original and amended charters of the Lexington, Versailles, and Frankfort Turnpike Road Company. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the original and amended charters of the Lexington, Versailles, and Frankfort Turnpike Road Company be so amended as to exempt the respective stockholders in said road, and their assigns residing in Woodford county, from furnishing hands to work on any other road in said. 1860. county, to the extent of one hand for every share of stock Approved February 2, 1860. Created body politic and cor CHAPTER 112. AN ACT to incorporate the Alexandria and Tibbate's Cross Roads Turnpike Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That a company shall be, and is hereby, incorporated as a body politic and corporate, in the county of Campbell, by the name and style of "The Alexandria and porate, and cor- Tibbate's Cross Roads Turnpike Road Company," for the purpose of constructing a turnpike road from the limits of the town of Alexandria, passing at or near the farm of Alexander Caldwell, and through the locality known in said county as the intersection of Tibbate's Cross Roads, and terminating at the farm of Weaver Ronse, on the dividing line between Campbell and Pendleton counties. made applicable to this. § 2. That all the provisions contained in the charter of Provisions of the Campbell Turnpike Road Company, approved February another charter 17, 1846, and its amendments, approved respectively March 1st, 1854, and February 13th, 1858, shall be applicable to, and all similar rights, powers, and franchises as are therein granted, are hereby granted to the Alexandria and Tibbate's Cross Roads Turnpike Road Company. to open books. §3. That Sam. Baker, Frank Spillman, W. H. Thomas, Commissioners William Griffy, and Jas. H. Parker, or some one or more of them in the town of Alexandria, and Jesse Zilton, Leo Tibbates, Foster Bird, H. Caldwell, and John Tanin, or some one or more of them at Tibbate's Cross Roads, are authorized and empowered, immediately after the passage of this act, to open books for the subscription of stock in said road, under the same provisions as have been provided for the subscription of stock in the Campbell Turnpike Road Company in their charter. Approved February 2, 1860. CHAPTER 113.. AN ACT transferring the books and papers from the office of the late Police WHEREAS, It is represented to the General Assembly of the Commonwealth of Kentucky, that the police judge of the town of Greenville, in the county of Muhlenburg, has |