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An Act to incorporate the town of Mountsterling. 1850 vol. II 342 (1850)

handle is hein.slavery/ssactsky0679 and id is 1 raw text is: LAWS OF KENTUCKY. 1851. same being satisfactorily proved to the Breckinridge cir- cuit court, thejudge of said court shall appoint commission- ers to take possession of the estate and effects of said cor- poration, and to divide the same among the creditors there- of in equal proportions to their several demands. § 10. That in the event of any member of this institu- Certificates of tion becoming owner of more than one share of the origi- nemberabtp to le Isued in ,cr. nal sixty-two shares of stock, hereby incorporated, by pur- tain cases, chase or otherwise, it shall be the duty of the directors, for the time being, to cause certificate or certificates of mem- bership to be issued to a weekly depositor or depositors in said institution, creating them voting members of this cor- poration, in order that the number of voting members shall always be kept at the original number of sixty-two, herein incorporated. This charter shall continue for and during, and until the expiration of the year 1875, and no longer. Approved March 11, 1851. CHAPTER 420. AN ACT to incorporate the town of Mount~terling. 1. Be it enacted by the General Assembly of the Common- Alunicipal at- wealth of Kentucky, That hereafter the prudential, fiscal, fairs vested in and municipal concerns of Mountsterling shall be vested flhe trustees. in five trustees, who shall be elected annually On the first Monday in June, by the voters who are duly qualified as such under the constitution, and by all white male citizens ofthe commonwealth of Kentucky, who are freeholders in said town ; said trustees, when elected, shall hold their offices for the term of one year, and until their successors are -elected and duly qualified. That said trustees, before they enter upon the duties of their office, shall take an oath before some justice of the peace, or police or other judge, that they will faithfully, and without partiality or affection to any one, discharge the duties of trustees to. said town during their continuance in office. § 2. That said trustees, after their qualification, shall Chairman to proceed to elect one of their number chairhaan, who shall heelected. preside at their meetings, and have power to convene the board, when, in his opinion, the interest of the town de- mands it. It shall be his duty to see that all the ordinan- ces and by-laws of said town are duly executed. § 3. That said trustees, and their successors in office, Trustees in- shall be a body politic and corporate, and shall be known corpotated. by the name and style of the trustees of Mountsterling; and, by that name, shall be capable, in law, of contract- ing and being contracted with, suing and being sued, pleading and being impleaded, answering and being an- swered, and of defending and being defended, in all courts

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