In 1831 the Kentucky General Assembly passed an act to incorporate the Shepherdsville and Louisville Turnpike Road Company. A transcription of the Act is given below. If you can share any additional information about this corporation and/or the road itself, please use our "Contact Us" link at the top of this page and write to us.
AN ACT to incorporate the Shepherdsville and Louisville turnpike company,
and for other purposes.
Approved, December 23, 1831.
Sec. 1. Be it enacted by the General Assembly of the Commonwealth of Kentucky, That a company shall be, and the same is hereby created and established, with a capital of sixty thousand dollars, to be divided into six hundred shares of one hundred dollars each, to construct a turnpike road, on the M'Adams plan, from some point on the Louisville turnpike, to Shepherdsville, in the county of Bullitt, under the style of the Shepherdsville and Louisville turnpike company, and as such, shall be a body corporate and politic forever; and by the name and style of the president and managers of the Shepherdsville and Louisville turnpike company, shall be competent to contract and be contracted with, to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended, in all courts and places whatever, as natural persons; with full power and authority to acquire, hold, possess, use, occupy, and enjoy, and the same to sell, convey, and dispose of, all such real and personal estate as shall be requisite and convenient for the site and route of said road, and lots for toll-houses and residences for gate-keepers, and stone quarries for the construction and repair of the road, and tools and implements as may be required in the construction thereof: they may have and use a common seal, and alter, change, and renew, the same at pleasure: and may make, ordain, establish, and put in execution, such bylaws, ordinances, rules, and regulations, as may be necessary and proper for the construction and repair of said road, and the management of its fiscal and prudential concerns, and the good government of its officers and agents, not contrary to the constitution and laws of this, or of the United States.
Sec. 2. Be it further enacted, That the width of said road shall be not less than fifty, nor more than sixty feet; and the artificial part thereof not less than ten feet, and may be constructed on one side: the said road shall be graded so as not to have an elevation of more than two degrees in the ascents and descents, in the route thereof.
Sec. 3. Be it further enacted, That the president and managers of said road shall be vested with all the power, authority, rights, privileges, tolls, immunities, and advantages, in all and every respect, that the Louisville turnpike company are now entitled to by law, subject to the like limitations and restrictions, as if the whole thereof was here again repeated.
Sec. 4. Be it further enacted, That Francis Merriman, Thomas Joyes, Matthew Wilson, Abraham Field, John Burks, and Henry Robb, or any two of them, are authorized to open books for the subscription of stock in said company, giving such reasonable notice of the time and place, as they shall judge best; and whenever two hundred shares shall have been subscribed, they may call a meeting of the share-holders, and cause a president and six managers to be chosen; and on the first Monday in May, in each year thereafter, the stockholders shall meet and elect a president and six managers, who shall continue in office for one year, and until their successors shall be elected: and if, from any cause, there shall happen a vacancy in the board, it shall be supplied by the election of some one to supply the vacancy, by the president and remaining managers, or by the remaining managers, if the office of president shall be vacant. The holders of stock shall be entitled to one vote for every share, up to the number of twenty, and one vote for every five shares over twenty. The shares shall be personal estate, and transferable as the stockholders or president and managers shall, by ordinance, prescribe; no one but a stockholder shall be a president or a manager.
And whereas, the commissioners appointed to receive subscriptions under an act incorporating a company to open a turnpike road from Lexington to the Kentucky, in the direction of the town of Richmond, in the county of Madison, did not open books of subscription on the day, and at the places prescribed in the act of incorporation: Therefore,
Sec. 5. Be it further enacted, That said commissioners, or a majority of them, may, notwithstanding the omission, proceed agreeably to said act, at such times and places as they, or a majority of them, may think proper, to accept and receive subscriptions to the capital stock of said company.
From Acts Passed at the First Session of the Fortieth General Assembly for the Commonwealth of Kentucky, 1832, pages 203-4.
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