1874. of interest to depositors. of the said corporation, shall, directly or indirectly, borrow or use the funds of the corporation, except to pay the necessary current expenses; and all certificates or evidences of deposits made by the proper officer shall be as effectual to bind the corporation as if they were under the common seal thereof. § 8. It shall be the duty of the board of managers of Board to fix rate said bank to regulate the rate of interest to be allowed to the depositors, so that they shall receive a ratable proportion of the profits of the said bank, after deducting all necessary expenses herein authorized to be incurred: Provided, That not to exceed three per cent. of the gross profits may be carried to the surplus fund of the bank annually. bond. § 9. The subordinate officers and agents of said corpoOfficers to give ration shall, respectively, give such security for their fidelity and good conduct as the board of managers may, from time to time, require; and said board shall fix the salaries of such officers and agents. make annual reports. § 10. The said corporation shall make an annual report Corporation to to the Legislature and to the common council of the city of Louisville of the state of their funds and investments. § 11. The books of said corporation shall, at all times Books to be open during the hours of business, be open for the inspection and examination to the Auditor of this State, and such other persons as the Legislature shall designate or appoint. to inspection. posits of m. nors. § 12. When any deposit shall be made by any person May receive de being a minor, the said corporation may, at their discretion, pay to such depositor such sums as may be due to such minor, although no guardian shall have been appointed for such depositor, and the receipt or acquittance of such minor shall be as if the same were executed by a guardian of such minor duly appointed. covert. § 13. When any deposit shall be made by any female, May receive de- being or hereafter becoming a married woman, in her posis of femes own name, it shall be lawful for the trustees or officers to pay to such depositor such sums as may be due such female; and the receipt or acquittance of such depositor shall be a sufficient legal discharge to the said corporation therefor. charge duty, trustee may be removed. § 14. If any trustee shall fail to attend the regular meetFor failing to dis- ings of the board, or to perform the duties devolving on him as a member of said board, for the term of three successive months, without excuse satisfactory to the board, he may be removed from the office of such trustee at the pleasure of the board. Funding committee to be appoint ed, & their duties. 15. There shall be a funding committee of six trustees, who shall be elected annually. It shall be the duty of the funding committee to superintend and direct all in vestments of the funds of the bank; and they shall be authorized, in conjunction with the president, to adjust and settle all claims on the bank made by depositors or others, to an amount not exceeding five hundred dollars in each case, with power to employ and consult counsel when they deem it necessary. They shall meet as often as occasion may require, and keep a record of their acts and doings, which shall be read at the monthly meetings of the board of trustees, not less than four of whom shall constitute a quorum to do business. § 16. Said board of trustees shall have power to adopt all rules and by-laws necessary to carry out the purpose of this act. § 17. The Legislature may at any time alter, modify, or repeal this act. 1874. Approved February 23, 1874. CHAPTER 549. AN ACT for the benefit of James Herd, late sheriff of Clay county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: §1. That the further time of two years is hereby given. to James Herd, late sheriff of Clay county, and his securities, in which to collect his uncollected taxes and fee bills; and that they have the right to distrain for the same, subject to all the penalties imposed by law for illegal distraints, or the collection of illegal fee bills. § 2. This act shall take effect from its passage. Approved February 23, 1874. Allowed further time to settlebusi ness. CHAPTER 550. AN ACT providing for the payment of the cost and expenses of investigating the contested election case from Jessamine county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the Auditor of Public Accounts be, and he is hereby, directed to draw his warrant on the Treasurer in favor of the Sergeant-at-Arms of the present House of Representatives for the sum of one hundred and thirteen dollars and one cent ($113 01), to be paid out of any money in the Treasury not otherwise appropriated; and the Sergeant-at-Arms will pay out the same as hereinafter directed To L. H. Willis, examiner of Jessamine county, for taking depositions, sixty-five dollars and eighty-five 1874. cents ($65 85); to George R. Pryor, examiner of Jessamine county, for taking depositions, twenty-five dollars ($25); to Lewis Hemphill, of Jessamine county, for two days' attendance as a witness, and traveling one hundred and eight miles, six dollars and thirty-two cents ($6 32); to John Cobb, for two days' attendance as a witness, and traveling one hundred and fifteen miles, six dollars and sixty cents ($6 60); to James Logan, for two days' attendance as a witness, and traveling one hundred and fifteen miles, six dollars and sixty cents ($6 60); to J. C. Coleman, one day's attendance as a witness, one dollar ($1); to S. E. Riley, one day's attendance as a witness, and traveling sixteen miles, one dollar and sixty-four cents ($1 64). § 2. This act shall take effect from and after its passage. Approved February 23, 1874. be sold after no tice. CHAPTER 551. AN ACT to prevent stock from running at large in Foster precinct, in Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That all stock running at large in Foster precinct, Stray stock may in the county of Bracken, may be taken up by any owner of land in said precinct; and said taker-up, after having advertised the same for at least ten days in three public places in said precinct, may sell the same, if not called for by the owner within that time. up stock. § 2. The taker-up of such stock shall be allowed fifty Fees for taking cents per head for each day he may keep said stock, which the owner shall pay; and if said stock be sold, then the amount herein shall be deducted from the amount of sale, and the balance of the proceeds shall be deposited with the clerk of the county court, subject to the order of the owner of said stock; but if the same shall not be called for within five years from the date of sale, then the same shall be turned over to the county treasurer for Fund over fees, the benefit of the county. The clerk shall be responsible how disposed of. under his official bond for all moneys that may come to his hand under the provisions of this act. The owner of sponsible for dam- any stock shall be responsible for any damage by reason of his stock running at large in said precinct. Owners to be re ages. § 3. This act shall take effect from its passage. Approved February 23, 1874. CHAPTER 552. AN ACT to incorporate the Independent Printing Company. Be it enacted by the General Assembly of the Commonwealth of Kentucky: 1874. Corporators' 1. That George Denny, sr., Wm. H. Kinnaird, Wm. Sellers, Lee Yates, Samnel Bennett, J. W. Cardwell, Joe names. S. Linney, George W. Nell. Captain Jeeter, Wm. Green, B. W. S. Huffaker, Ad. Williams, Allen Jones, and their successors, be, and they are hereby, created a body-corporate and politic, by the name of the Independent Printing Name and style. Company, for the term of twenty-five years; and as such Corporate powers may contract and be contracted with, sue and be sued, and possess all the powers and authorities incident to corporations for the purposes hereinafter mentioned. 2. The capital stock of said company shall be two Capital stock. thousand dollars, which shall be divided into shares of ten dollars each. §3. Said corporation is hereby authorized buy, main- Object. tain, and operate a printing office, and to publish, as such, a weekly paper, to be known and styled the Kentucky Independent, to be located in Lancaster, Garrard county. trol affairs. 4. The affairs of said corporation shall be managed Directors to conby eleven directors, one of whom shall be president, and all of whom shall be stockholders in said corporation. The first board of directors shall consist of Allen Jones, Ad. Williams, B. W. S. Huffaker, William Green, Captain Jeeter, George W. Nell, Joe S. Linney, J. W. Cardwell, Samuel Bennett, Lee Yates, and Wm. Sellers, who shall continue in office until their successors shall be elected by a majority in interest of the stockholders of said corporation; and the board of directors chosen by the stockholders shall continue in office for two years, or until their successors are elected and qualified. If any one of the above named directors shall decline or refuse to act, a majority of the others shall fill the vacancy by appointing or choosing some one else. They may adopt such by-laws, rules and regulations, for the government of said corporation, and the management of its affairs and business, as they may deem proper, not inconsistent with the laws of this State. The said corporators may open books of and receive subscription to the capital stock of said company, upon such notice as any three of said corporators may deem right. When corporation may organ 5. So soon as ten per cent. of the capital stock is subscribed and paid in, any three of said corporators shall ize. give notice of the time and place at which an election shall be held for a new board of directors, who shall hold and continue in office as herein provided. The board of directors of said corporation may fill all vacancies in their 1874. bond of officers. body which may happen, by death or otherwise; and may make such calls of payments of stock as they may deem proper; and said directors may select for president and treasurer such of the corporators as a majority of said directors may see proper. § 6. That in any and all elections held under this charter the stockholders or directors may vote by proxy; and each full share shall entitle the holder to one vote. 7. Said company may require such bond from its May require treasurer, or any of its officers or agents, as they may deem necessary for the security of assets, or the faithful performance of duty. scription to stock. S. That any of the stockholders failing to pay their May enforce sub calls when made, shall be subject to suit in court of competent jurisdiction, and shall pay interest at the rate of ten per cent. per annum until paid. § 9. This act shall be in force from and after its pas sage. Approved February 23, 1874. produce of season CHAPTER 553. AN ACT for the benefit of keepers of stud-horses, jacks, and bulls, of Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the licensed keepers of stud-horses, jacks, and To have lien on bulls, in the counties of Simpson and Pendleton, have a lien upon the get of such for the space of one year after birth of same, for the payment of season of said studhorse, jack, or bull. 2. That said lien shall only be in force against the owner or notified purchaser of such colt or calf. §3. This act to take effect from and after its passage. Approved February 23, 1874. CHAPTER 554. AN ACT to amend and revise the charter of Millersburg, Bourbon county. WHEREAS, John Miller, the owner of a tract of land on the waters of Hinkston, in Bourbon county, applied to the county court of Bourbon county, at its October term, 1798, and moved, under an act of the Legislature of Kentucky concerning the establishment of towns, passed in 1796, for an order establishing a town upon one hundred acres of his land in said county, and appointing trustees to receive and hold the title thereto, the boundaries of |