ney. bonds, obligations, and accounts of estates and individuals, of companies and corporations, private or public; and may, in its fiduciary capacity, purchase, collect, adjust and settle, sell and dispose of the same Agent or attor- in this State or elsewhere. It may act as agent or attorney in the leasing, conveying, selling or disposing of and managing real and personal estate, receiving and collecting rents and other moneys, in the issuing and courtersigning certificates of stock, bonds, or other obligations of any corporation, association, or municipality, State or public authority, or in selling the same, and may receive and manage any sinking fund therefor, and may accept and execute all such trusts of every description, not inconsistent with the laws of the State, as may be committed to it by any person or persons, or by any corporation, or Trust depart by any court of record of this or any other State. It shall have a trust department, and all its accounts of a fiduciary character shall be kept in a separate and special set of books. 'ment. 'tee, etc. § 5. That said act be further so amended that promissory notes or bills, payable to any person or persons, or to a corporation, or to said Mechanics' Trust Company, or to said Mechanics' Trust Company, trustee or bearer, and payable or negotiable at the office of said company, in Louisville, Kentucky, shall be, when discounted by said company for itself or as trustee, and are placed on the footing of bills of exchange. § 6. That the said Mechanics' Trust Company shall Powers of trus- have right and authority to sell, under judgment of any court of competent jurisdiction, any estate, real or personal, which may be in its possession or control, or committed to it as assignee, trustee or receiver, the sale of which shall be ordered by any such court; and any court ordering such sale shall have authority and jurisdiction to order said company to make such sales; and any general law in conflict herewith is hereby to that extent repealed. Females may hold stock. § 7. That females may become stockholders in this i company, either by original subscription or by purchase and transfer of stock; and when any stock shall be issued to such female, the said Mechanics' Trust Company may, at the written request of such female, express on the face of the certificate or transferbook of such stock that it is for the use of such female, when the said stock shall become and be the separate property of such female; and no husband she may at the time have, or may thereafter have, shall take any interest in such stock, or in any dividends thereon, and at her death it shall pass to her heirs; but if unmarried, she may dispose of it by will; or if married, so dispose of it with the consent of her husband, or without such consent, if by the provisions of the deed, will or other instrument, under or by virtue of the provisions of which she took or holds the funds or other property invested in such stock, she has such right. She may receive the dividends, and give receipts or acquittances therefor, though married; but she shall not in any way anticipate the same, nor shall any dividend be paid upon an order or power given by her before the same is declared. Such females may sell and transfer their stock, whether held as general or separate estate, but if married, the husband of such female stockholder shall join in the transfer, and if such stock be her separate estate, her interest shall be the same in the proceeds as it was in the stock, or if such stock shall bave been purchased with funds or property which she took or held under the provisions of a deed, will or other instrument, her interest in the proceeds of such sale shall be as provided in such deed, will or other instrument; but no such investment or sale shall be made in contravention of the provisions of any deed, will or other instrument: Provided, That it shall in no case be the duty of the said Mechanics' Trust Company to see that such estate or interest is preserved to such female in the proceeds of any such sale. Deposits from minors and married women. § 8. Married women and minors may make deposits in said Mechanics' Trust Company, and their checks or receipts for the same shall be valid to the same extent as if they were not married or were of full age. 9. Private property of stockholders of said corporation shall be exempt from liability for corporate debts. § 10. This act shall take effect and be in force from and after its passage. Approved March 11, 1890. CHAPTER 321. AN ACT to prevent the obstruction of Licking river. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That hereafter it shall not be lawful for any person or persons, company, association, or corporation, to erect, have or maintain, upon the Licking river, any kind of boom or booms, turnout or other structure, that will in anywise obstruct or interfere with the free passage of boats, rafts of saw-logs, the running, driving, or floating of loose saw-logs, or any kind of lumber or other materials, up or down the channels of said river. Any timber used as a floating foot-bridge that does not impede, detain, delay, or in anywise interfere with the free navigation of said river, shall not be considered an obstruction. § 2. That each day such boom or booms, turnouts and other structures is maintained shall constitute a distinct and separate offense, and any person or persons so violating the provisions of section one of this act shall be deemed guilty of a misdemeanor, and, upon conviction thereof, upon any indictment in the circuit court of the county having jurisdiction under the law now in force, shall be fined not less than five hundred dollars nor more than one thousand dollars, in the discretion of the jury or court trying the case. §3. If any person or persons shall, by any boom or other obstructions placed in Licking river, detain the logs, lumber or other property of any other person, which is being floated up or down said river, he or they shall be liable to the person whose logs, lumber or property is so detained in a sum equal to three times the actual damages sustained thereby, which may be recovered in any court of competent jurisdiction. § 4. That all laws or parts of laws in conflict with this act are hereby repealed. 5. This act shall take effect and be in force from and after its passage. Approved March 11, 1890. CHAPTER 322. AN ACT for the benefit of G. H Gardner, late sheriff of Grayson county. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That G. H. Gardner, late sheriff of Grayson county, is permitted to list all unpaid taxes due him as sheriff for collection with the present sheriff or his successor, for and during the time now allowed said late sheriff by law to make such collections. § 2. That the present sheriff or his successor shall have the same power and authority as is given by law to said late sheriff to levy upon and sell such property owned by the parties owing such tax as may be neces sary to pay the same. § 3. That this act shall take effect and be in force from and after its passage. Approved March 11, 1890. CHAPTER 323. AN ACT to authorize the board of trustees of the town of Eddyville, Lyon county, to sell or lease certain streets of said town. WHEREAS, Certain persons connected with the construction of the branch penitentiary desire to acquire control of that part of Washington and College streets, in the town of Eddyville, lying between Water street and Cumberland river; therefore, Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That the board of trustees of said town are hereby authorized and empowered to contract for a lease or sale of said fractional parts of streets, and that said board of trustees shall have in their corporate capacity the power to execute and deliver said deeds or leases to the lessee or grantee with the same effect as if it were an individual transaction. § 2. This act shall take effect from and after its pas sage. Approved March 11, 1890. CHAPTER 324. AN ACT to amend an act, entitled "An act to incorporate the Maysville Street Railroad and Transfer Company," approved January twenty-first, one thousand eight hundred and sixty-eight. Be it enacted by the General Assembly of the Commonwealth of Kentucky: § 1. That said company is authorized, with the consent of the city authorities, to construct, own, operate and maintain a branch to its present road, to be known as the "Race Street Branch of the Maysville Street Railroad and Transfer Company," beginning said branch at the intersection of Commerce, Lexington or Union streets, with its present tracks in the |
