The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1890-11-22
Articles of Incorporation
Kentucky Military Institute Company

The undersigned Fayette Hewitt, Ben. S
Hughes. W. S. Farmer, A. W. Overton. L. B. Me-
Brayer, +. A, Penick and .. v Williams. and
selves together, under the provisions of
chapter Sc of the General Statutes of Kentucky
and form corpora ion. with power TO contract
| qure and hold by purchase or otherwise real
and personal estate. and to manage, cOntrof
rent out, to sell aud convey the same or any part
| thereof; and with all the other powers given by
| law to such corporations.
The name of the corporation shall be ken
lucky Military Institute Company" Its princi-
| pal place of transactng business shall be In
Franklin county. Kentucky
| The general nature of the business proposed
to be transacted by It Is the purchasing and con
| ty. for the purpose OF securing and having con
Quoted thereat irst-class Institution of learn
The amount of capital stock authorized Is
$4,000 fifteen thousand dollars, which may be
| increased to not exceeding $4,000. on vote of
two-thirds of the stockholders, at stockholders
| meeting. held for that purpose, divided into
shares OF fifty dollars EACH to be subscribed and
paid for at such times and In such manner as the
| bylaws or board of directors may prescribe; and
| such shares of stock shall also be transferable
| In such manner as the bylaws shall provide, and
| when the sum OF five thousand dollars shall have
been subscribed the ncOrpOratOrS may proceed
| to meet and organize as hereinafter directed.
The time of commencement of the corporation
Is October 2sth. 1899, and 1t will ter innate on Oc
The affairs of the corporation are to be con-
Quoted by a board OF SeyeL directors, one of
whom shall be, by such board, elected It's presl-
dent The first board of directors will consist of
| the ncOrpOratOrS named. with Fayette Hewitt as
their president; and they Will serve as such until
| the next annual election of directors. Annual
elections of directors shall be held by the stock
holders OH 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
they may elect such other officers and appoint
such agents as they may deem necessary for the
management OF the business of the corporation
The highest amount of indebtedness or liabili-
ty to which the corporation Is at any time to sub
stock.
The private property of stockholders is to be
exempt from the corporate debts.
In testimony whereof the said incOrpOrators
hereto attx their signatures this 18th day of Oc-
tober, 1890
FAYETTE HEWITT,
f. A. PENICK,
w. 5. FARMER.
U. ". WILLIAMS,
b. ) HUGHES.
A. W. OVERTON.
STATE roG SS He on FsssRl,s tscr
|, n. b. Smith, Clerk OF the County Court for
the County and State aforesaid do certify that
the foregoing Articles OF Incorporation of the
Kentucky MI itary Institute Company was on this
18th day OF October. 1890, produced to me In said
county and acknowledged before me by Fayette
llams. b. S. Hughes and A. W. OyertOn to be-
their act and deed whereupOn the same together
with this certificate, have been duly recorded In
my office.
Given under my hand this 18th day of October
1890 n, b. SMITH, c. +. c. c.