xt70zp3vt865_142 https://exploreuk.uky.edu/dips/xt70zp3vt865/data/mets.xml https://exploreuk.uky.edu/dips/xt70zp3vt865/data/63m46.dao.xml unknown 14 Cubic Feet 31 boxes archival material 63m46 English University of Kentucky Copyright has not been assigned to the University of Kentucky.  Contact the Special Collections Research Center for information regarding rights and use of this collection. Harkins Family papers Mineral rights -- Kentucky -- Floyd County -- History. Law reports, digests, etc. -- Kentucky. Mining leases -- Kentucky -- Floyd County -- History. Practice of law -- Kentucky. Bankers -- Kentucky. Banks and banking -- Kentucky -- Prestonsburg. Coal trade -- Kentucky -- Floyd County -- History. Lawyers -- Kentucky. Porter Mining Company text Porter Mining Company 2016 https://exploreuk.uky.edu/dips/xt70zp3vt865/data/63m46/Box_17/Folder_10/0003.pdf 1916-1928 1928 1916-1928 section false xt70zp3vt865_142 xt70zp3vt865 “' 'v. I .' . 3 .' ' ' 7‘. .:. \‘\.\‘~\E"\P V
. ‘ ‘ ‘-‘&\V\‘ (\B"
MINUTES OF THE PORTER MINING COMPANY

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/// '
kflfv>y/’ Lackey, Ky., Feb 7, 1923
i
“d/ - M'INUTESAOF A DIRECTORS rrrrrzrc
O F
P O R T W R F I N I N G C O Y P A N Y.
A-rceting of the Board of Directors of Porter Mining Corpany
having been set on sore three or four occasions and notices
hlying been woiled and delivered to the various officers of
this Conpany and we have tried to hold reetings at our Ashland
office at Ashlanl, Kentucky also made efforts to told neetings
at the Collins Vining Corpany's office row being also used for
Porter Mining Conpany's office for the purgtfc of transacting
such business as is necessary of the Conpuny to be transacted
pertaining to the ranagrent of the Porter Mining Corpony of
Lackey , fieflmcky.
The last agreed time for holding a meeting for said Company by
an urgreenent mutually agreed was at 9 o‘clock A.N. on Feb; 7,
1923 at the place designated above. All the stockholder and
directors being present except Sam Porter and it is now ll A. M.
and Sam Porter being absent apparertly not willing to participate
in a resting, we, Er. M. N. Collins, President of said Corpany
and Jonas Collins, Vice-President and Fred Blackburn iirector of
said Conpany ice proceeding to hold a resting for the above named
Conpany for the purpose of transacting such business as is rec-
cssary ir behluf of said Company.
A motion having been rude by Jonas Collins and seconded hp Fred
Blackburn that hereafter and so long thereafter as the Company
selects Fred Blackburn to act uh general Manager of the Porter
Mining Corpary fill this offic~ for cold Corpeny, this action
having been duly notioned and seconied and Fred Blackburn having
beer placed ir noninaticn for said office and said notion hrving
been accepted by the Presiinnt and a vote taken which one unans-
rously accepted by all stockholders and officers present, Fred
Blackburn is unanionously elected as General Nanagsr for said
Cowgmny ty all the officer and stock holders except San Porter.
A notion was made by Jones Collins uni sedonded by Fred Blackburn
that Sam Porter hereafter does not not in any capacity for said
Conpany except as Secretary und Treasurer this Y"oticn hiving been -
duly seconded and boted upon kw all the officers present and una-
nimously accepted and that he can act in that capacity so long
as the Company beleives he taking care of seid office and affairs
intnueted to hir in a clean. decent and creditable «anrcr and so
long as he displays good business judgrent in the handling of the
affaits of the Corpeny which comes under the heading of secretary
and Treasurer but not otherwise and that he he allowed to write
checks and rude deposits for said Corpany and sing care but said
checks signed by him as Secretary and Treasurer are to be singed
the tag Iresident or Vice—President of said Conpuny in this event
checks so signed :re authorized to be paid. otherwide the checks
are invalidated vrd the Covpany does not authorize the paynents
of sane and in the event the checks are accpeted by and Conpany
or individual they accept save at their own risfi.and the Corpany
selects not to pay it inless signed as stated above.
It is firther authorized and accpptel by all officers of said
Conpany to continue to do their banking business with the Second
Baticnal Bank of Ashland, Kentucky us long as they continue to
indulge and accoroldte Porter Mining Corpany in the future or at
least until such tine us the directors will on cause to change
to save other Bank in that event the Second National Bank shall
receive notice of such decision.
A motion was made hy Jonas Collins and seconded by Fred Blackburn
and was accepted by the President that hereafter the Conpany will
Pay Sum Porter for acing as Secretary and Treasurer as above stut-
ed such salary us they beleive that he is entitled to this will
depend upon the arount of tire and attention given to said duties
pertaining to Porter Mining Company“: business, out he will not
be allowed to give his own perconal check to defray any expenses
of said Company without fist dbpositing sane to the credit of the
Company and that all debts and accounts paid by the Company shall
be paid over the payroll or by check as above mentioned.
I

 !

A motion was rude and seconded by Fred Blackburn that the
Vice-President can write a check on said Cowpany but BLre
ruat be coactersigned bb the President of the Corpany in the
absence of the Secretary and Treasurer inn the absence of the
Genwral Manager can sign checks rich with the Vice-President
to take care of such accounts as needs imrediate attention.
A motion was made by Fred Blackburn and seconded by Jenn:
Collins that Renae Collins is to assist the General Nanager in
looking after the Corpanies affairs at all tires when such is
necessary or exzeiient. It is also unarinously agreed that
all the books belonging to Porter Vining Corpany are to be
roved fror Ashland to their new officc in Lackey, Ketucky, a
rotion was wade by Jonas Collins and secvnded by Bred Blackburn
that this wheti“g will be adjourned ani spre accepted by the
Presiient until further notice.

‘ / .

A )5 . 4400 President

t, D/ .
fizap W .‘Iice President
/ w r
”43iyé;¢¢4x ALx LA/ Secretary andTree
/"~\ 44 iUALGenerul Nanager

 Lackey, Kertucky Fab 7. 1923
The Second Natiooal Bank,
thlond, Kentucky.
Gentlewenz-

In as much as tn: Porter Niniog Corpuny
has changed Presidents ex well an practically 411 of
the officers I am advising you to the following;

You or! to accept no checks whatevor
signed by the Secretany uni Treasurer unless :igred also
by the President or Vice-President of the Corpury.

In case of emerge"cy we have decided to
let the Vice Etnsifieot Jonas Collins signs checks when
countersigned by the General Manager, Bred Blackburn in
case of the abneoce of the Presilo“t of the Corpany.

In no way is the Corpahy liable for dry checks ’
unless signed as above stated.

Very truly yours,
PORTER T’II"I."G CU] RWY,
BY,

PINESI ”WET

 NIJFLI'FT‘JS OE? 711%?)31‘0'6 T’TTI'PIVG, POR'L‘WR T’IE\YI""G CUT li-AIW‘Y,
//\‘T
hm JAWJARY 31, 1923
V/A meeting of the Board of Directors of the Iorter Nining
Corpany Was held at Ashland, Kentucky at the offices of
the Company, Room Number 420, Kitchen Building at the hour
of 7-00 P. M. on Wednesday, January 3lst, 1923, the follow-
ing waiver of notice oeing thereupon executed bh all the
Directors to-wit;
We, the undersigned Directors of the Porter Vining
Company, herepy call a meeting of the Board of Directors
of said Company, to De held at the Conpwny's offices,
Room 420, Kitcehn B1dg., Ashland, Kentucky at the heir
cf 7-00 P. M. Wednesday January 3lst., .923 for the pur-
pose of transacting such business of the Company as nay
cone before the Board of Directors.

All notice of the calling of said resting, and
the purposes therof otherwise required by law or the by-
laws of the Conpany, is hereby waived by each of the under
signed, who are al the Directors of aid corraay.

@272, 212. Law; C .4 Mém/o'
/
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 3 v\ 9
o e'
V July 24, 1923
KB? Porter Mining Conpany having called a meeting to toke
place at its office at Lackey, Kentucky at 2;OO B. M.
and all the stock holders being present and directors ex-
cept Sam Porter of Ashlnnd, Kentucky, the meeting having
been called together by its president Dr. N. N. Collins
there also being present Fred Blackburn and Jones Collins,
a motion was wade by Jonas Collins and Seconded bb Fred
Blackburn to notify The Wells Elkhorn Coal Coroany that
any fervor contract which they row hold as being wade
pertaining to the up keep of the bride across Beaver of which
up keep they Clair to be in charge of, this bridge being
near Operation Nb. 5 of Wells Elkhorn's mine also the sane
bridge acrossing Beaver leaiirg to Porter Vining Corpany&s
operations on Jonas Fork. At a =itting of the Directors
of this fleeting it is agreed to cancel any forrer contracts
or ogreenents nude with the Wells Elkhorn Coal Corporation
for the up keep and agreed that the Porter Mining Company
consult with the Wells Elkhorn Coal Conpany and rake a new
Controdtias to the up keep and nainterance of this bridge
for the future. Also at this neeting a motion as nade by
DH. M. l. Collins and seconded by Fred Blackburn that Porter
Mining Corpany go to work and figure odt plars to put screens
and a picking tsble at the Porter mines and that arrangrents
be rude to make at least three grades of con, nut, slack,
and lump and that sane be made efficient to handle at least
a hundred to two hundred drd fifty tons of coal per hour or
in other words to 10 so that the above arrangrents be made
at a very early date, it is further agreed at this nesting
and by the consent of the Directors present that it hes be-
come nexessart for the Porter Minin g Company to raise finds
in sufficient quanity t) pay debts and running expenses of
said xonpany and to do this We authorize that the President
of Porter Mining Company may negotiate with sore loan conpany
a mortage against the Porter Mining Conpaxy fbr sufficent
money to pay debts and running expenses of said corpany.a
The Direcgors agreeing to take a part in the said negotat—
ions in giving nortage for such a loan as its president nay
mrmmefmu
A motion was wade by Jonas Collins that We adjourn and
= sane being seconded by President and all voting in the affir-
rative this neeting is called adjour ed.
/
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 A!
<::/ The Porter Mining Conpany '
Minutes
FIRST NEWTI“G OF SUBSCRIBERS TO CAPITAL STOCK OF THE
PORTER “INIVG COTPAFY HELD AT THE CCVPANY‘S OFFICE IN
ASHLA“? KENTUCKY GK THE 25TH UAY OF FAY, 1920.

At the first meeting of subscribers to the Porter Mining
Corpany, there were present the following subscribers to the capital
stock of said conpany, viz; Dr. M. N. Collins, Fred Blackbur,

J. E. King, 8. S. Porter and J. W. Kitchen.

The following waiver of notice was therejpon executed and
filed viz;

The undersigned, being all the subscribers to the capitfl

stock of the Porter Mining Company, hereby call a resting

of said subscribers at the office of the Conpany, Kitchen

Bldg., Ashland, Kentucky on May 25th 1920, for the purpose

of organizing the company, electing Directors, opening the

books fior further subscriptions, and transacting such other
business as ray properly cone before said meeting.

All notice of the holding of said neetign, or the
purposes, thereof, otherwise r-quired by law or the by~1aws
of said corpany, is hereby waived up each of the undersigned.

///e)
[Kaye 721/. 2%. 2 ”ix/L451.)
: Z-Ef- i: 'z N.
»ZZV 2k1¥7ic. .LAA/

The following assigner it of subscription was presented
and filed biz;

In consideration of the sum of One Dollar cash in
hand gaid, the receipt f0 which is hereby acknowledged and
the further sonsideration of his assumption of my respons-
ibilities and liablilties under said subscription, I herby
sell, assign and transger to J. W. Kitchen one Hundred and
Fifty (150) sahares of stock of the Porter Mining Company of
the par value of fifteen Thousand (315,000.00) Dollars, and
consent and direct that he be substituted to ny rights as a
subscriber to the capital stock of said company to the extent
of the said stock therein assigned.

Witness my hand, this May "5, 1929

412:..{212114u . . .__...

 (ii kai Porter Mining Company, minutes of subscribers
\3/ Meeting of May 25th, 1920. (Page 2)
{/// The meeting being called to order by S. 8. Porter, on
t/
motion duly seconded and all boting in the affirmative,
M. M. Collins was ibected chairrar of the reeting and S. 5.
Porter elected Secretary of said meeting.

On notion duly seconded, and all boting in the iffirm-
ative, the assignrent of subscription to stock, to the ex-
tent of One Hundred and Fifty Shares, of par value of Fift-

, een Thousdand Dollars by S. S. Porter to J. W. Kitchen, and
the assumption of said subscription by the said J. W. Kitchen,
was duly approved and accepted.

8. 8. Porter produced and filed the Charter of the Porter
Mining Corpany which had been theretofore received frcr the
Becretary of State, and reported that the original articles
of Incorporation had been filed according to law in the office
of the County Court Clerk of Boyd County, a copy of same
filed and recored in the office of the Secretary of State at
Frankfort, Ky., and theorganization tax due the State of Ken—
tucky and recording fees required by law duly paid, whereupon

said articles of InCorporation were read and adopted.

The election of Directors being declard in order, an
election Was thereupon held, on notion duly seconded, there
were pladed in nomination for the office of Director the
following, viz; S. 3. Porter, M. M. Collins, J. E. King,

Fred Blackburn and J. W. Kitchen upon talking the ballots,
each of field noninees received the bots of all the stock of
said conpafiy Where therppon declared duly elected as Direct-
ors. Upon motion duly seconded and all the stock being
voted in the affirmative, the stockholders resting was there
upon adjourned to Conven when called as the By—Lawyn way
provide.

(QV‘AA/j:::;:) -—Chairran of Me tingm.a‘0.".

Mi:
ecretary of Meeting

 {27f \
(fiw y ////’7NINUTES OE NEETIJG OE DIREDTURS OF THE PUHTER TIMING
"J/ COIU’PATJTY EBLF AT THE OEFI 3E OF THE COE'BANY “T AXSIfl‘JIZG, KY.
ON FAX 25th, 1920.
The directors of the Porter Mining Company wet
at the office of said company, in Ashland, Ky.. on May 25th, there
being present M. M. Collins, S. 8. Porter, J. E. King, Fred Black-
burn, and John W. Kitchen by proxy helfi by S. 5. Porter.
On motion iuly seconded and all voting in the affirmative,
J. E. King was elected Chairman of the Meeting and S. 8. Porter
Secretary.'Thc following Waiver of notice was thereupon produced
and filed, Viz.

‘ The undersigned, being all the Directors of the Porter
Mining Company, hereby call & recting of said directors
at the offices of the Conuany at Ashland,mcntucky, for
the purpose of electing officers of said corpafly,auth-
arising the cxecutiow of a lease by the President thereof
on behalf of the Corpany, frcr the Beaver Creek Concol-
idatcd Coal 00., and such other business as ray properly
come before the Board of Directors.

All notice of the holding of said wcctirg, and the
purpose therof, otherwi c required by law or the by-
laws ofi said corpany is hereby waived by each of the
undersigned. ; L

19 d '
, , I
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. 42¢»qg/zcEZL/y«
Upon motion duly seconded and all boting ifi the affir-
mative, J. E. King was dccigwatcd as the Procenn Agent bf the
Company, and the Secretary iircctei to certify such decigbation
to the Secretary of State as rnquire by law.
The proxy of J. W. Kitchen presented by S. S. Porter 5nd
duly filed, in as folows to wit;
THE PORTER MINING COTPANY
I HEREBy authorize S. 8. Porter as my proxy to cast ry vote as a
Director of the abovr Company, at the first meeting of the dir-
ectors of same, to.bc held May 25th, 1920 at Aahland, Ky., upon
all matters voted on at said directors heating. '
Signed,
J. W. Kitchen
\\\

 "7 ,
V “1% / Minutes ‘ ' * . ' » , ' "V“ 9
PW /< . . ox Direcoors rooting of hay Lyon, 1919
,M . Page 2
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771i // l ' r" *' '
//’ AAJICLE 15,
/ .
Vice-President
'Thc Vicc~Ptesidert Shall perforr such igfioa a; shall be
occigoed ti? by ihn Board of Directors.
- In 0:39 of dontl, absonce or inability of the Prasidsfifi,
ho act, his powvro shall he mxnrciocd 3rd his duties perforved
by the Vice-Presiicht; In can! of danth, absence or iruuility
ihe~§ of both Preoiiewfi and VicD-Preoiiort, the lutiec and powers
of the Presidv“t shall devolve upon of of tho fiiyectorv is up
appoiwtel lg the Esori of Directors.
ARTIZLE 14. _
GRVWRlL TATAGFH DR SUPEXITTETUANT
‘ |
The chral Nucagcr or SipcriWJaclc?i shall hove charge of .
the iglo‘r‘t of tho cooper; , Wploy amrkr‘ er . fix. tI-Lci : macs, Lam'—
chncfi material, fix the E ATE of work Lyvi ;chSLlly to er359
¢“i cipervioc the business of the corpnry at itr plant, cubicct
alswzgs to the oriers ¢nd dirnctionc of tEA Board of Directors.
ARTICLE 15.
SEAL .
The Corjoration cool of tliu cor;¢r3 sEall be circular iv
form, the core cod oddrena cf tho ocrgorotior hs'“; i? the outer
circle ;“i the words "Incorgoyatcdfi owl "SEAL" withi“ ike inoer
circle , as Follows: "THE Rod'l‘fllxl I‘ll-TING 3133 i‘l'AVl', “SAMSINB, KETT’L‘ULJKY.
Incorgorated, SEAL".
I
This seal shall be affixed to all certificates of stock, ‘. '
deeds a“? such other writings and dccurorfr to be executed by the '
Corporation as orderei by tho Bonri of :irectoro.
ARTICLR 16. '
Cop cal Stock, awn how Difiiied, -
Isaued, Transferred, Etc,
1. Th: capital stock chull be lividefl into Shores of the awrant
prescribed i“ the charter of the corp0“ntion; uWi every chzre
shall be of the so?“ arciht. ‘
2. The holder of stock shlll be ewtitled, VfioV coy share cf '
. «took cf said holler is fully paid up, to a certificate thcrfor
under the corporate seal of the corporatiofi, uni oigned'w; the
President or vice-preniiewt and secretary, stutin the capital I
stock of the corginy, the nuvoer of sharcs irto which it is div- ‘
iied, iflze par value of each share, the arouht ruin on each share, '”
the number of shores for which said holder has paid, and tho corner
in which the certificate is transferrohlc.
All certificctes shall be issued in order fror a certif-
icate book; it shall be the duty of the Secretary to enter thp
‘ more and residerce or place of busihcss of the owwer thcréof; and
in case of the transfer or cuflccllatio“ of such certificate, the
date of cancellotion or truwsfnr; cod at the tir- of the issue of
any certiiicatn it shall be receipted for on said rnrgin by the
. person to whor issued or by hie inky authorized agwwt.
R TRANSFERS. ‘
, _ 3. A stockholder to whom such certificate has been issued, shall , ' ~
_ _ not be allowed i0 transger the shares thereir rentioned, or any
f ' part theceof, Witnout delivering up the said certificates to the .
g . corporaiioo 30 be cancelled unless the same be lost or destroyed '
, o? flufflCleflo cause be shown, to the satisfaction of the Board of 'VT
-‘ _ Directorf, why it cannot be produced. A tranfer book shall be '3
>1 4- . - . . “.55;
K k’Pt WY ”“9 COrPOLRDiOH. 1h which the sahroa shall be agaigned in _Jfli
«‘ . , .‘. o _ a“ _ .'>‘ _Wfigl.n

 CW
‘ J»: Minutes of Directors Nee-ting of May 25th. 1920. l
I the ranner prescribed in the stock certificate book. Transfer:
of the stock shall be node on the books of the corporation only,
in the presence of the secretary, ly the holler thereof in person
or to his duly authorized agent or attorney, on surrender of the
original certificate. The transfer book Fwy be closed, by order
of the Board of Directors, for not exceeding Thirty Dpye next
crexceding each annual meeting and renoin closed until after
final adjournnnnt.
Slaee uni Pledges.
4. If any person, for valualle considerption, pl-dq- or other
wine dingoce of vny ehcrr=z Jelovgina to hir to another, and
deliver to hi? the certificate of such shares, With go or of
ottorney authorizing the trhnsger of cure on the bockn of the
corporation, the title of the forrer shall bent in the letter so
far is nay oe necessary to effect the Sale, pleige, or other .
dispoSal of the said shares, not only as betweor the parties then
selves but also is against the cerflitors of, and subsequent
ptrzhanera fror, the forner, but subject nevertheless to the pro-
visions contained in the next Gelcc’icn of there tw—laws.
Outoiie Purchasers.
S. The person in whose nave the shares of stock stord on the
books of the corporation slull be defined the owner thereof so
for as the corgo ation is Conce:nel, and no stock ohall be sold
or franaferrei by a atockhclier to one not a stockholder until the
conpany, uni all stockholder: thereof, shall have first been given
the opportunity to purchase such stock at the sore price which is
in gooi faith offered :hcrfor by such outside purchaser.
(Lost Certificates)
6. When a person to whon a certificate has been issued alleges
it has been lost, he shall file in 2mm office of the corporation,
first, an affidavit setting forth the tire, place and circurstan-
cee of th- 058?, to the best of his knowledge and Deli-f; second,
proff of his having advertised the save in a newspaper of general
circil'tinn, cnce a week for four week; and third, 3 beni to the
corporation, with one Fore sufficient eureties, conditional to
indennify the corporation an! all persons agoinst any lose in
conseqwnce of a new certificate’s being issued 4“ lieu of the
Torres. And thereupon the Joard of Directors nhall cuine to be
issued t; he“ I w-w certificate, or implicate 05% the certificate
alleged to hLVS been lost.
A (Payrenfi of subscriptions)
7. At least ten percent of the pa" "zlue of each shore shall
be paid at the tjr: of the subscription, and the resiiue as re-
iuired by the Boar; ,3 Directors, and no stock shall be re-
garded as taken or the person subscribing therefor considered
entitled to the sore, until thw firct install”nnt is paid theron.
(Stock owned by the corporation)
8. If the COprTktiO” acquires shares of its own stock it ray
either extinguish or sell the care; If extinguished, it shall
operated to that extent as a reduction of its cxgital :tock, no
vote shall oe given on any stock while owned by the corporation
ncr atoll any stock so held be entitled to arw dividend.
(Dividend: on Stock)
9. The Board nay, fron tire to tire, declare diVidends of so
ruch of the net profits as they deer it prudent to divide. If
any stockholder be inde