The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1891-05-16
OF INCORPORATION
G!sA.'a Turnpike l..! Company,

THE UNDERSIGNED HAVE THIS DAY ASSO.
ciated themselves together for the purpose
OF becoming an Incorporated Company forth pur
pose Of constructing, turnpike road from the
Franklin and Owen turnpike to the Peaks Mill
and Elmyi lie turf pike road. commencing al
the toll house near Joseph Wiley, who lives neal
the toll house on the Owen like, and from thence
10 run the most practicable route TO intersect
the road of the Peaks NH turnpike road com
Incorporated claim 10 exercise all the powers
rights, immunit.es and privileges which are
grant d, designated or enumerated In section
| Two. chapter fiity-siX, titled Incorporated com.
panies OF General statutes Of Kentucky, pages SAC
and 47. The name Of the corporation shall be
Elihor Turnpike Road Company: and It's prin:t-
pal place OF transactlng business shall be
Swallowfeld, I'm the county Of Franklin.
z 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. Woods0n, to intersect the Peaks MIL turn
pike road as above specified.
8. The amount of the capital stock Of said
company snail not be more than enough 10 con-
struct said read, say not exceeding Two thousand
dollars per mile. II shall be paid in at tine 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 roat; The termination of the corpo-
| rate existence of the said company shall he
limited by the act or the Legislature aforesaid,
! AID not sooner.
company shall be controlled and directed shall
| be board OF directors OF five In number, three
of whom snail constitute majority for the
transaction Of all business; they shall be elected
by the stockholders who have paid up their
stock, at the end OF every twelve months aftec
the hrst board snail have gone into existence,
but until a board shall have been fully elected
and qualified under the provisions OF this act, the
old board shah remain I'm Office.
6. The corporation shall be conducted in IT.
affairs bya board OF directors, any thres OF
whom may act The board shall consist OF rlve
persons, one OF whom shall be President; three
Of the board shall constitute a majority, aud
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.
8. That private property shall be exempt
from corporate debts Given under our hands this
oath Of December, 1890
GEO. II. WEBSTER,
j. s. HAMPTON,
MARION WEBS TER,
ROBERT ii GRAHAM,
A. ID. CALVERT
STATE CoG on KE on EShSk1.rs. Set.
IN. b. smith, Clerk Of the County Court for
the County and State aforesaid, do certify that
the foregoing Articles of incorporation OF The
day Of Feb, 1891, produced to me In said county
and acknowledge before me By Geo. III. Webster,
j. 5 Hampton and Marion Webster to be their
act and deed. The same was again produced to me
on the LIST day of March, 1891, and acknowledged
before me by Robert H. 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.F.C.C.