The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1890-11-01
Articles of incorporation


The undersigned. Fayette Hewitt. Ben. ;.
Hughes. W. 5. Farmer. i. W. Overton l.. B. Nc
Bra!er, 4. A. Penick and I. V. Williams, and
! their associates, DO hereby associate them
selves Osethcr, under the provisions #
chapter 10 OF the General statutes of KentuciI.
! and form corpora ion. with power to contract
and be contracted with. to sue and be sued, to az
quire and h0id by purchase or otherwise real
aud personal estate. and to manage. control
rent out, to sell and convey the same or any part
| thereof; aud with AL 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 or transactng business shall be in
franklin count. Kel tn k,.
The general nature of the business proposed
| to be ira sacted by 1t IS the purchasing and CO :
trolling the hentucky Military Institute proper
~, for the purpose OF securing and having con-
Quoted thereat iirst-cass Institution OF learn-
Ing
The amount of capital stock authorized Is
lSl5OOD( fifteen thousand dollars. which may he
Increased To not exceeding $4,000, on vote of
twOthir!S OF the stockholders. at stockholders
meeting. held for that purpose, dYied into
shares of nifty dollar, each to be subscribed and
paid for at such times and In such manner AS the
bylaws or board OF directors may prescribe; aud
such 81 ares OF STOCK shall also be transferable
H. such mann n as the bylaws shall provide. and
when the sum o. five thousand dollars shall have
been subscribed the incOrpOrat0rs may prOceel
to meet ana organize as hereinafter directed.
The I me or commencement OF the corporation
Is October 18th, $780, and 1t will erninate on Oc-
tOber 18th. 1915.
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 its presi-
dent The first board of directors Will consist of
the inc0rpOrat0rs named, with Fayette Hewitt ms
their president; and they viii serve as such until
he next annual election Of directors. Annua.
elections OF directors sha II be held by the stock
holders on the first Wednesday IN November.
1891 and each succeeding year thereafter or liIl-
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 az itS us they may deem necessary for the
management OF the business of the corporation
The highest amount of Indebtedness or liablli-
" 10 when the corporation Is mt any time to sub
ject itself Is twO-thrds of Its authorized capital
stock.
exempt from the corporate debts.
In testimony whereof the said incOrDOrators
hereto atix their signatures this 18th day of Oc-
tober, 1890
FAYEl TIE HEWITT,
Il. A PENICK,
". 5. FARMER,
Nv WILLIAMS,
b. 5 HUGHES,
A. W. OVERrON.
STATE OF KENTUCKY. to0
COUNTY OF FRANKLIN, 9'i'
|, \. b. smith, Clerk of the County Court for
the foregoing Articles OF Incorporation of The
kentucky MI itary Institute Company was on mis-
18th day of October, 1890, produced 10 me I'm said
county and acknowledged before me by Faye,t,.
Hewitt. h. A. Penick, W. - Farmer, L. v WI
llams, Il. 5. Hughes and A. W, Oyerton to b.
with THIS certificate, have been duly recorded IN
my Office.
Given under my hand this 18th day of October.
IesO' N. b. SMITH, c. +. c. G.