The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1891-05-23
ARTICLES OF incorporation
ElEAsa Turnpike !,.! Company.

THE UNDERSIGNED HAVE THIS DAY ASSO
! cated themselves together for the purpose
ofbecoming an Incorporated Company for the pur
pose Of constructing turnpike road from the
Franklin and Owen turnpike to the Peaks Mil
and Elmville turnpike road, commencing a,
| the toll house near Joseph Wiley, who lives neal
| 10 run the. most practicable route to intersec,
| the road of the Peaks Mil turnpike road com
| pany near Suter StaffOrd's The company hereby
| Incorporated claim to exercise all the powers
rights immunities and privileges which are
| granted designated or enumerated I'm section
TWO. chapter fifty-siX, titled Incorporated com
panies OF General Statutes Of Kentucky, pages SAG
and SAT- The name Of the corporation shall be
Elkhorn Turnpike Road Company. and its princi
| pal place OF transacting business shall be
swallowfed In the county of Franklin.
2. The business proposed to be transacted is
| the construction OF a turnpike road from the
point above designated on the survey made by d
NJ. Woodson. to intersect the Peaks Mill turn.
! pike road as above specified.
3. The amount OF the capital stock OF said
company shall not be more than enough to con-
struct said road say not exceeding two thousand
dollars per mile. II shall be paid In at the times
and In the proportions designated by the board
of directors.
4. The corporation shall commence on or be-
fore stock shall have been subscribe to build one
mile of said road. The termination of the cOrpO-
rate existence of the said company shall be
limited by the act OF the Legislature aforesaid,
and not sooner.
5. The DIFFERS by which the affairs of the
company shall be controlled and directed shall
be a board of directors of five I'm number, three
of whom shall constitute a majority for the
by the stockholders who have paid up their
stock, at the end Of every twelve mouths after
the first board shall have gone into existen ce,
but until a board shall have been fully elected
and qualified under the provisions of this act the
old board shall remain In office.
6. The corporation shall be conducted In Its
affairs by board of directors, any three of
whom may act The board shall consist OF f1ve
persons, one OF whom shall be President; three
OF the board shall constitute a majority, and
they shall be elected annually by the stock
holders who have paid up their stock.
Z. This corporation shall not at any time ex-
coed an indebtedness of two thousand dollars
per mile for each mile that may be made or put
under contract.
s. That private property shall be exempt
from corporate debts. Given under our hands this
GEO. H. WEBSTER,
j, S. HAMPTON,
MARION WEBSTER,
ROBERT II GRAHAM,
A. d. CALVERT.
STATE OF KENTUCKY, Go,
COUNTY OF FRANKLIN. oc''
In. b. Smith, Clerk of the County Court for
the County and State Aforesaid, do certify that
the foregoing Articles Of incorporation of The
ElkhOm Turnpike Road Company was, on the "a
day of Feb, 1891, produced TO me In said county
and acknowledge before me by Geo. ii. Webster,
j. s Hampton and Marion Webster to be their
act and deed. The same was again produced to me
on the LIST day of March, 1881, and acknowledged
before me by Robert II. Graham and A. ID. Cal
same. together with this certificate, have been
duly recorded In my Office.
Given under my hand this 18th day OF May,
1891. -
May l6-4t.* c. FEC.