The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1891-05-30
ARTICLES Of INCORPORATION
EIEaus Turnpike Road Company.

THE UNDERSIGNED HAVE THIS DAY AsSO-
! ciated themselves together for the purpose
pose Of constructing turnpike road from the
Franklin and Owen turnpike to the Peaks Mill
and Emville turnpike road. commencing at
the toll house near Joseph Wiley, who lives near
the toll house on the owen pike, and from thence
10 run the most practicable route to intersect
the road of the Peaks Mill turnpike road com.
Incorporated claim to exercise all the powers,
rights immunit;es and privileges which are
granted, designated or enumerated I'm section
two. chapter ffty-six, titled incorporated COM
panies of General Statutes of Kentucky. pages SAG
and 547. The name of the corporation shall be
Elkhorn Turnpike Road Company. and its princl-
pal place OF tranSacting business shall be
swallowtield, In the county of Franklin.
2. The business proposed to be transacted is
the construction OF 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.
8. The amount of the capital stock of said
company shall not be more than enough 10 con-
struct said road, say not exceeding two thousand
dollars per mile. 1t shall be paid In at the times
and In the proportions designated by the board
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 In number. three
of whom shall 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 after
the first board shall have gone into exlsten ce,
but until 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 a board OF directors, any three Of
whom may act The board shall consist OF fve
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.
2. 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
GEO. II. WEBSTER,
j. S. HAMPTON,
MARION WEBSTER,
ROBERT IL GRAHAM,
A. d. CALVERT.
STATE CoS on KE on FessxLrs. 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 H. 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, 1891, and acknowledged
before me by Robert IL. 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,
NE. SMITH,
May l6-4t* c. FEC.