"Whereas, sundry inhabitants of the county of Kentucky have, at great expense and hazard, settled themselves upon certain lands at the falls of Ohio, said to be the property of John Conally, and have laid off a considerable part thereof into half acre lots for a town, and having settled thereon, have prefered petitions to this general assembly to establish the said town, _Be it therefore enacted_, That one thousand acres of land, being the forfeited property of said John Conally, adjoining to the lands of John Campbell and ---- Taylor, be, and the same is hereby vested in John Todd Jr., Stephen Trigg, George Slaughter, John Floyd, William Pope, George Merriweather, Andrew Hines, James Sullivan and Marshall Brashiers, gentlemen, trustees, to be by them or any four of them laid off into lots of an half acre each, with convenient streets and public lots, which shall be, and the same is hereby established a town by the name of Louisville. _And be it further enacted_, That after the said lands shall be laid off into lots and streets, the said trustees or any four of them, shall proceed to sell the said lots, or so many of them as they shall judge expedient, at public auction, for the best price that can be had, the time and place of sale being advertised two months, at the court houses of adjacent counties; the purchasers respectively to hold their said lots subject to the condition of building on each a dwelling house, sixteen feet by twenty at least, with a brick or stone chimney, to be finished within two years from the day of sale. And the said trustees or any four of them shall and they are hereby empowered to convey the said lots to the purchasers thereof in fee simple, subject to the condition aforesaid, on payment of the money arising from such sale to the said trustees for the uses hereafter mentioned, that is to say: If the money arising from such sale shall amount to Thirty Dollars per acre, the whole shall be paid by the said trustees into the treasury of this commonwealth, and the overplus, if any, shall be lodged with the court of the county of Jefferson to enable them to defray the expenses of erecting the publick buildings of the said county. _Provided_, That the owners of lots already drawn shall be entitled to the preference therein, upon paying to the trustees the sum of thirty dollars for such half acre lot, and shall be thereafter subject to the same obligations of settling as other lot holders within the said town. _And be it further enacted_, That the said trustees or the major part of them shall have power, from time to time, to settle and determine all disputes concerning the bounds of the said lots, to settle such rules and orders for the regular building thereon as to them shall seem best and most convenient. And in case of death or removal from the county of any of the said trustees, the remaining trustees shall supply such vacancies by electing of others from time to time, who shall