Semi-weekly interior journal. [volume] (Stanford, Ky.) 1881-1905, 1890-09-30
Articles Of Incorporation.
The Stanford &c Logans Creek
Turnpike Co.


We the undersigned, +. I Ponce. d w. Van
devcer, II Baughman, I +. Peyton, J. ;
Hughes, W II. Miller, ;. Owsley and John NJ
Han hereby associate ourselves together and
become incorporated pursuant to the provisions
Of Chapter 50 Of the General statutes Of Ken
lucky. by the corporate name Of the Stanford &
Logan's Creek Turnpike Road Company
?. The business to be conduc ed l. the building,
maintaining and operating for pront Macada-
mzed turnpike road IL Lincoln county, beginning
at point on Main street m Stanford, KY, at an
alley leading therctrom southwark between the
premises Of Mrs. Mollic Myers heirs and John Nj.
Hail and running thence southwark over said
alley to the st Asaph Branch, thence eastwardly
bv The premises OF II. w. NandcVeer, Hughes X
Pevton' A. l. Hales heir, ; II Baughman, ].
" Shanks' heirs and r. I. Pence TO point near
Logan's Greek and small creek emptying IN
thereto in front Of +. T. Pence house. thence up
Logan's Creek by the premises OF ;. II ShankS
and Dave Collier % an intersection with the stan
ford and Crab Orchard turnpike near the stone
house Of Mrs ChapPell The length Of said road
70 be about two miles
a. The principal place of business shall he STAN
ford Lincoln county, Ny
4 The corporation shall commence on the 10Th
dav Of July, 1890 and and terminate on the 10Th
iay Of Julv 1910, unless sooner terminated 10y a
vote OF two-thirds OF the stock outstanding.
s. The authorized capital stock i six thousand
collars which shall be paid at such times aud IN
such amounts and upon such terms the Board
OF Directors shall prescribe. But the corporation
NAV organize and begin business whenever three
Thousand FIVE hundred dollars Of the capital stock
authorized by these articles shall have been SUBJ
Scribed The capital stock shall be divided into
shares of fifty dollars each and each share shall
entitle the holder to one vote, either IN person
or hy written proxy al all elections and at all meet
ings held by the ockhOlderS.
g. The affairs of this corporation shall be man
aged bv Board Of five directors, elected from the
Stockholders, one Of which Directors shall he
elected as President by SAID Board; and such Di.
/ rectors shall he elected on the FIRST Saturday in
/ June Of each year and shall serve for one wear
next succeeding their election and until their sue
cessors are elected aud qualified. SAID Board shall
also elect a clerk and treasurer but no member OF
| snid Board shall he elected treasured No person
shall be eligible to any office in this rporaton
b who shall not be a stakeholder therein.
T. The highest amount OF Indebtedness 10 which
this corporation may at any time subject itself
/ shall not exceed seven hundred dollars.
& The private property OF the members Of this
corporation shall be exempt from the debts Of the
corporation.
! ,,on ed may become members Of this corporation
bv subscribing aud paying for shares Of stock. or
| by purchasing and having shares Of stock trans.
ferred TO them On the books OF the Company, afteI
1 being subscribed and paid for by others.
/ 10. No member Of the Board of Directors Of this
corporation, except the President shall receive
/ anv compensation, directly Of indirectly, foi
his services as Director. The President and
ether officers Except DlreJ tors and scrv2nts and
| EMPLOYEES Of thIs corporation shall receive such
| condensation rs shall be fixed by the resolutions
/ or me BOARD Of Directors and the bylaws
/ ~ This corporation shall have all the po'yer'
and privileges allowed o. corporations Ct It's nature
I and Tor its purposes under Chapter 50, Title In
] corporated Companies aud No. 40 Title Turnpike
/ Gravel aud Plank Roads Of the General Statute
Z Of Kentucky and the subsequent Acts Of the Gen
elemental thereto and shall be subject 10 the liza
hilities and discharge all the duues prescribed bs
said Statutes OF Corporation OF IT. nature and rs
/ in witness whereof we have hereunto subscrib
/ ed our respective names. this 10Th day Of July
/ So ID. W. VANDEVEER,
/ J. +. PEYTON,
]. 5. HUGHES.
+ T. PENCE,
I /. S OWSLEl,
! S.H. BAUGHMAN,
4 IDHS VI HAiI
! "a W II. MILLER