The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1891-05-16
ARTICLES OF INCORPORATION
PEAKS MILL !. \ !. ]. @.

| HNOw ALL MEN BY THESE PRESENTS
| N that we, the undersigned directors, and our
associates do hereby agree to and adopt the fol-
lowing articles OF Incorporation
Sec. /. The style Of this company shall be the
Peaks Mill, +. & L. U. Mill Company
hs paee x h sna Se
| ness to be conducted by the company Is the
| manufacture Of flour and meal Tor custom and
merchandise.
Sec. 8. The company shall have power to have
| perpetual succession, to sue and be sued by the
corporate name, to have a common seal and
| alter the same ut pleasure, to render the shares
or interests of stockholders transferable, and to
prescribe the mode OF making such transfers, to
make contracts, acquire and transfer property,
possessing the same power In such respects as
private individuals now enjoy; to establish by
laws ant make all rules and regulations deem ed
expedient for the management OF their anal rs
not In consistent with the laws of this state or
OF the United States anu to have ali the powers
granted 10 such corporations by Chap. 81 Of the
General statutes OF Kentucky and amendments
thereto Ii snail have power to make and enter
into any and all contracts, agreements, undertake
ings, purchases and sales pertaining to said busi-
ness, to sign, indorse, execute and deliver
notes, drafts, bills, bonds and other writ
inss, to borrow money and make advances of the
same, with power 10 mortgage Its property for
such purposes, and to do all and singly the
things above mentioned and those which now are
or may hereafter become necessary for the proper
transaction Of the business of said company
In so far as the same is right and authorized by
law.
Sec. 4. The capital stock of the company shall
be six thousand dollars tS6OOO) divided into
l2OOJ twelve hundred shares of (S5 OO five dollars
each to be paid for as ordered by the Board OF
Directors hereinafter provided for. No person
shall be allowed to hold OF own any OF the stock
OF said company unless he be member In good
standing of the Farmers and LabOrers Union.
Sec. 5. The private property shall be exempt
from execution or attachment for the debts Of
the company.
Sec. g. The officers of the company shall con-
slst of a Board of seven Directors. who shall be
chosen annually on the first Saturday OF May. and
Hammer, L. NJ Rambo, j: II. Parker, ID. c.
Thompson, W. NJ. Hayden, l.. ID. Poindexter and
c. q. Hockensmith shall serve until the first sat
| urday of May, 1892. Tie President, Vice Presl-
dent, Secretary and Treasurer shall be members
| vi the Board OF Directors
| Sec. 7. The Board OF Directors shall elect a
business manager and boOk-keeper, who shall
make IA report at the end of every month show
| Ing the exact condition.
Sec; The highest amount of Indebtedness
| to which the company may at any time subject
| itself shall not exceed three thousand dollars.
| (s3,eOO), and the company may commence busi-
ness when one half of the capital stock shall
| twenty-tiy years, unless sooner dissolved.
Sec.9 The charges for toll shall not exceed
| the rates prescribed by law for steam mills.
Witness our hands this I'd day of May, 1891.
G. g. HOCKENSMlTH,
| L. ID. POINDEXTER,
| DC. THOMPSON,
| W. NJ HAYDON,
j. NJ. PARKER,
| L. HAMMER,
STATE OF KENTUCKY, / Scr
| COUNTY Of FRANKLIN. I o'i'
| /, n. b. Smith, Clerk of the County Court for
| the foregoing articles of incorporation We're on
| the 18th day Of May, 1891 produced to ME In said
county and acknowledge before me by c. e.
| l.. Hannen, Il. Nj. Rambo, NJ. Parker and l..
ID, Pondexter to be their act and deed, where
upon the same, together with this certificate,
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