The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1890-11-08
Articles of Incorporation
OBJ
Kentucky Military Institute Company

The undersigned Fayette Hewitt. Ben. s.
Hughes. W. S. Farmer. A. w. Oyerton. L. B. Nc
| Brayer, Z. A. Penick and o. V. Williams, and
| their associates. do hereby associate them
| chapter St of the General Statutes of Kentucky,
| and form corporation with power to contract
and be contracted with. to sue and be sued, to ac-
Quire and hold by purchase or otherwise real
and personal estate. and to manage, control,
rent out, to sell and convey the same or any part
thereof; and with all the other powers given b,
The name OF II corporation shall be Ken
| lucky Military lns. ute Company" It's princi-
pal place Of transacting business shall be In
Franklin county, Kentucky.
The general nature Of the business proposed
to be transacted by 1t is the purchasing and con-
trolling the Kentucky Military Institute proper
Quoted thereat irst-class institution OF learr-
The amount Of capital stock authorized Is
| 1915 0OO) fifteen thousand dollars. which may be
increased to not exceeding S25, 900, on q vote OF
twOthirds Of the stockholders. at stockholders
meeting. held for that purpO ;. divided into
shares OF fifty dollar each, to be ubScribed and
paid for at 5, CHI times and in such ,ner as the
bylaws or board OF directors may prescribe; and
such shares of stock ST also be transferable
Ia such manner as IRE bylaws snail provide and
been subscribed the incOrpOrators may proceed
| to meet and organize as hereinafter directed.
The time Of commencement OF the corporation
is October 18th 1880, and 1t will ter innate on Oc
The affairs of the corporation are to be con-
Quoted by a board OF seve. directors, one Of
whom shall be. by such board elected Its presi-
dent The first board of directors Will consist OF
the incOrpOratOrs named, with Fayette Hewitt as
their president; and they Will serve such until
the next annual election OF dlrectO Annual
elections of directors sha II be held by the stock
holders on the first Wednesday In November.
1891, and each succeeding year thereafter, or I'M
I'll their successors are elected and qualified
The directors shall have power TO pass and en-
act all bylaws, rules and regulations necessary
and may alter the same at their pleasure; and
hey may elect such other officers and appoint
such agents as they may deem necessary for the
The highest amount of indebtedness or liablli-
" to which the corporation Is at any time to sub
iect Itself Is twO-thirds of It's authorized capital
stock.
The private property of stockholders is to be
exempt from the corporate debts.
In testimony whereof the SAID inrorporators
hereto aflx their signatures this 18th day of DC
FAYEJTE HEWITT,
L. PENICK,
W. 5. FARMER,
u. v. WILLIAMS,
b. : HUGHES,
A. W. ONERrON.
STATE TaS on KE oT FSsSh,.,s. Sscr.
In. b. smith, Clerk of the County Court for
the County and State aforesaid, do certify that
the foregoing Articles 81 Incorporation Of the
Kentucky MI ltary Institute Company was on tbs
18th day OF october, 1880, produced 10 me In said
county and acknowledged before me 10y Faye IT
Hewitt Il. A. Penlck, W. 5 Farmer, I, v. VII
llams b. S. Hughes and A. W. OvertOn To bt
their act and deed wherenpOn the same, together
with this certificate, have been duly recorded IN
my Oitice.
Given under my hand, this 18th day of October
1890. N. b. SMITH, G. +. G. G.