About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

An Act incorporating the Hickman and State Line Plank Road Company. 1853 vol. II 75 (1853)

handle is hein.slavery/ssactsky0723 and id is 1 raw text is: LAWS OF KENTUCKY. 75 CHAPTER 450. 1854. AN ACT incorporating the Hickman and State Line Plank Road Com- pany. § 1. Be it enacted by the General Assembly of the Common- wealth of Kentucky, That Wm. Owens, jr., R. C. Prather, Jesse Edmonson, H. C. Catlett, and N. N. Cowgill, and their successors and associates be and they are hereby cre- ated a body politic and corporate, with perpetual succes- sion, for the purpose of constructing a plank road from the town of Hickman, in Fulton county, to a point on the state line near the residence of the late James Mills, dec'd, in the direction of the town of Dresden, Tenn., by the name and style of the Hickman and State Line Plank Road Compa- style of Incor ny; and by that name and style shall have power and au- poration. thority to contract and be contracted with, sue and be sued, plead and be impleaded, defend and be defended in all courts of law and equity in this commonwealth or else- where; and to have and use a common seal, and the same to alter, renew, or change at pleasure ; and generally to do and perform every act and thing necessary and proper to carry into effect the object of this act, and the purposes for which the corporation hereby created is designed. § 3 The capital stock of said company hereby incorpora- Capital stock. ted shall be sixty thousand dollars, to be divided into shares of one hundred dollars each. § 3. The persons named in this act, or any two or more How books are to be opened of them, shall have power and authority to open books for for subscription the subscription of stock in said company, at such time of stock. and place as they may deem proper, and keep the same open as long as they may think expedient, oruntilthe whole capital stock of said company shall be subscribed, or such part thereof as they may deem sufficient with which to commence the work, with a view to its completion; but said company shall not be organized by the election of officers, as hereafter provided, until at least the sum of six thousand dollars of the capital stock shall have been sub- scribed for as herein provided ; and when that sum or more shall be subscribed, then the company shall have the right to organize and proceed to the election of officers, as hereinafter provided. § 4. The management of the affairs and prudential con- Under whose cerns of this company shall be under the control and di- control to be. rection of a president and four managers, who shall be stockholders, and who shall be chosen by the shareholders at such time and place as may be appointed by the per- sons under whose direction the books for subscription may have been opened, as hereinbefore provided. Each share of stock shall be entitled to one vote ; and at least three days previous notice, in the paper published in the county, shall be given of the time and place of this election; and thereafter the election shall be held in such manner as may be provided by the by-laws of the president and board

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most