The Kentucky General Assembly, in 1869, passed an act to incorporate the Shepherdsville and Mt. Washington Turnpike Road Company. This Act is transcribed below, and is taken from Acts of the General Assembly of the Commonwealth of Kentucky, 1869, pages 343-4.
AN ACT to incorporate the Shepherdsville and Mt. Washington Turnpike Road Company.
Be it enacted by the General Assembly of the Commonwealth of Kentucky:
§ 1. That a company be, and the same is hereby, formed, by the name of the Shepherdsville and Mt. Washington turnpike road company; and by that name and style shall have corporate existence, and be a body-politic, and as such, and in that name, may sue and be sued, plead and be impleaded, have and use a common seal. Said company is created for the purpose of constructing a turnpike or gravel road from Shepherdsville, in Bullitt county, to Mt. Washington, in said county, and from Mt. Washington to intersect with the Shelbyville pike.
§ 2. The capital stock of said company shall not exceed sixty thousand dollars, to be divided into shares of fifty dollars each; and the persons hereinafter named, or any two of them, shall have power to open books for the subscription of stock, and keep them open until a sufficient amount of stock shall have been taken to construct said road.
§ 3. The following persons are appointed commissioners to receive subscriptions, to-wit: Westly Phelps, Dr. S. H. McKay, John T. Bridges, Janus W. Stallings, Thomas J. Hall, Wm. W. Hall, Austin Hough, and Dr. S. M. Hobbs; and so soon as one hundred shares shall have been subscribed, it shall be the duty of said commissioners, or such of them as may choose to act, to give notice, by written or printed posters, at two or more public places in Mt. Washington and Shepherdsville, at least ten days, and call a meeting of the stockholders at such time and place as they may elect; at which time said stockholders, or a majority of them having convened, shall proceed to the election of a president and three managers of said road; at which election each stockholder shall have one vote for each share of stock subscribed or owned by him in said road; and when said company shall be thus organized they may appoint such officers as they may deem necessary, prescribe their duties, and require them to execute bond, with good security, conditioned as may be required, and commence the work.
§ 4. The president and directors shall have power to locate and lay out said road, receive releases for the right of way in writing, and may take the steps authorized by the general law of the State to condemn the land over which said road is to run, and material from adjacent lands.
§ 5. The company shall have power and authority, in the construction of said road, and the repairs on same, to fix the width and the manner of construction, its grade, and whatever else may appertain to such construction.
§ 6. When five continuous miles of said road are completed, it shall be lawful for said company to put up a gate and exact toll; but no such gate shall be erected within one mile of the corporate limits of the said towns of Shepherdsville and Mt. VVashington.
§ 7. The rates of toll on said road shall be governed and regulated by the general law of the State with regard thereto.
§8. This act shall take effect and be in force from its passage.
Approved February 13, 1869.
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