Commissioned officer may administer oaths.

tach any of the companies of cavalry or artillery, to such regiments as they may deem proper, in the bounds of their brigades.

SEC. 90. And be it further enacted, That while the militia are either in actual service of this state or the United States, the several oaths which militia officers are required by law to take, may be administered by any commissioned officer belonging

to the same

corps.

oned officers and privates Names of non-commissi

A COMPANY ROSTER FOR DETAIL.

CHAP. CCXXXIV.

AN ACT to incorporate the Lexington Manufacturing

Company.

APPROVED, February 4, 1815.

WHEREAS, it is represented to the general assembly, that considerable sums of money have been expended in the purchase of ground, the construction of machinery and in the erection of a building within or in the vicinity of the town of Lexington, for the purposes of manufacturing woollen and cotton goods, and other articles; and that from various causes, the present proprietors are unable to carry into full effect the objects of their undertaking, and have solicited an act of incorporation: Therefore,

Preamble.

Company in

Duration of

SEC. 1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That Charles Wilkins, George Trotter, jun. Samuel Trotter, James corporated. Prentiss, John T. Mason, jun. and James D. Wolf, the present proprietors of the said establishment, together with such persons as shall hereafter become share-holders, in the manner herein directed, shall be, and are hereby erected into, and made a corporation and body politic, by the name, stile and title of "The Lexington Manufacturing Company;" charter. and shall so continue until the first day of January 1835 and by that name are hereby made able and Rights and pri capable in law, to have, purchase and receive, posvileges. sess, enjoy and retain, to them and their successors, lands, rents, tenements, hereditaments, goods, chattels and effects, of what kind, nature or quality soever, to an amount not exceeding their capital stock; and the same to sell, grant, demise, alien or dispose of; to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended, in any court of law or equity, or in any other place whatever: and also to ordain, establish and put into exccution, such bye-laws, ordinances and regulations, as shall seem to them necessary and convenient for the government of said corporation, and which are not contrary to the laws of this state;

and generally, to do and execute all and singular the acts, matters and things, which to them it shall and may appertain to do: Subject, nevertheless, to the rules, regulations, restrictions and limitations, hereinafter prescribed.

SEC. 2. Each share shall be five hundred dollars; Stock and sub- and the president and directors of the said instituseriptions. tion, may direct subscriptions to be opened to fill the number of shares hereby authorized, or may direct the sale of the same at public auction, under such regulations as they may deem advisable, and to the interest of the concern: Provided, that the number of shares shall not exceed four hundred.

Present stockholders may subscribe present ca pital.

Sec. 3. Be it further enacted, That the present stock-holders shall have the right of subscribing at par, the amount of their expenditures in erecting and managing the said institution.

SEC. 4. Be it further enacted, That the present share holders, or a majority of them, shall meet at President, &e the house of John Postlethwait, in Lexington, with

Low elected:

in ten days after the passage of this act, for the purpose of electing a president and three directors, who shall continue in office until the first day of January, 1816; and the share-holders shall meet on When and where the first Monday in January in every year hereaf ter, for the same purpose, at a place to be designated for that purpose, by the president and directors then in office; of which notice shall be given at least fourteen days, in some one or more newspapers in Lexington. The president and directors shall continue in office one year from the time of their election; and in case it shall at any time happen, that an election of a president and directors Fowers and duty should not be made at the time required by this act, the said corporation shall not for that cause be deemed dissolved; but it shall be lawful for the president and directors who were last in office, to continue as such until there is a new election; and it shall be their duty, in a manner which shall be regulated by the bye-laws, to appoint another day for the election of president and directors to serve for Vacancy, how the remainder of the year. In the event of death, resignation or removal from the state, or of a refusal to act as a president or director, his place may

filled.

may be supplied by a new election of the shareholders, at a meeting specially called for that pur

pose.

a board.

SEC. 5. The president and two directors, or three What No makes directors in absence of the president, shall form a board; and the president or one director shall have the power to call a general meeting of the share-holders.

Further powers

SEC. 6. The president and directors, for the time being, shall have power to employ such managers, given the board. mechanics, clerks or servants, as they may think necessary, for the business of the said corporation, and to allow them such compensation for their services as they may deem proper, and require security for the faithful discharge of their several functions and trusts; and shall be capable of exercising such other powers and authorities for well governing and conducting the affairs of said corporation, as may be directed and described by the ordinances of said corporation.

SEC. 7. The said corporation shall be allowed to manufacture woolen, and cotton, and other goods, as they may think most advantageous; and shall be allowed to buy, sell or exchange any raw material or article, for their use, and for the accommodation of their manufactory.

What the man.

factories to con

sist of

SEC. 8. At the annual and general meetings of Dividends. the share-holders, the president and directors shall lay before them a statement of the accounts, with such other information as they may think necessary; when such dividends of the profits shall be dcclared as they think advisable.

Shares transfer

SEC. 9. The shares in said corporation shall be transferable, under such regulations as may be pro- rable. vided by the bye-laws of the said institution.

SEC. 10. The number of votes to which each share-holder may be entitled at a general meeting, shall be according to the number of shares he may hold, in the following proportion: For one share, and not more than two, one vote; for every two shares above two, and not exceeding ten shares, one vote; for every five shares above ten, one vote; bat no person, co-partnership or body politic, shall be entitled to a greater number than thirty votes

Regulations as to voting.

Powers denied

and at all elections votes by proxy may be received, subject to the rules of the directory.

SEC. 11. Be it further enacted, That the said corporation shall not possess any power to loan or to corporation, receive any deposits of money, for the purposes of discount, or in any wise to issue paper for the purposes of banking: and if at any time herecharter forfeited. after, they presume to exercise any such powers, this charter shall be considered as forfeited.

and if exercised,

Neither shall the said corporation contract any debts over and above one fourth part of their capital at any such time invested in stock; and if their contracts should at any period exceed such fourth part of their capital, and a consequent failure of property of the concern to pay those debts, each individual shareholder shall be held responsible out of his own estate, in proportion to the interest he may hold in said institution, for the payment of such debts, contracted while a stockholder.

books bound and

CHAP. CCXXXV.

AN ACT authorizing the copying sundry Books and Alphabets in the Register's Office, and making provision for the payment therefor.

APPROVED, February 4, 1815.

WHEREAS it appears from the report of the committee appointed to examine the register's office, that in many instances copying and re-binding, are necessary, and that some important alphabets have been commenced by the register, and it being reasonable that a compensation should be made therefor.

SEC. 1. BE it enacted by the General Assembly of Register to have the Commonwealth of Kentucky, That it shall be the make alphabets. duty of the register of the land office, and he is hereby directed, to have the said copying done, to procure the aforesaid binding, and complete the aforesaid alphabets, on the plan commenced. And the auditor of public accounts is hereby directed, up