Imágenes de páginas
PDF
EPUB

thereat by the said stockholders; and upon such dissolution, the directors for the time being, and the survivors and survivor of them, shall be trustees for settling all the affairs of said corporation, disposing of its effects, recovering and paying its debts, and dividing the surplus among the stockholders, in proportion to their respective interests in the stock, unless the stockholders, at such general meeting, shall appoint other persons, not less than three nor more than five in number, for such purpose, in which case the persons so appointed, and the survivors and survivor of them shall be trustees for the purposes aforesaid; and the said trustees may use the corporate name of the company in all proceedings necessary and proper in the settlement and prosecution of any claim or business, and the transfer and sale of any property of the company.

9. And be it enacted, That this act shall take effect immediately.

Approved March 8, 1870.

CHAPTER CXCVI.

An Act to incorporate the Democratic Association of Matawan.

1. BE IT ENACTED by the Senate and General Assembly of Names of corthe State of New Jersey, That Joseph Rose, William S. porators. Hornor, Koertenius Wyckoff, Thomas I. Bedle, Henry C. Stillwell, Lawrence Carten, William Cartler, and such other persons as now are, or hereafter shall become members of the Democratic Association of Matawan, are hereby constitu- Corporate ted a body corporate, by the name aforesaid.

name.

2. And be it enacted, That the said association or cor- Object. poration, shall have power to establish and maintain a reading room, or place for engaging in discussions on political economy, and other purposes; and to this end shall be capable in law, to hold, by donation, purchase, or otherwise, and also to lease and convey, from time to time, real and personal estate, so far as the same may be needed, for the

Amount of

capital stock.

May prescribe rules, &c.

Voting.

purpose of carrying out the objects for which the said association is incorporated.

3. And be it enacted, That the capital stock of said corporation shall not exceed the sum of twenty thousand dollars, and shall be divided into shares of five dollars each, which shall be transferable in the manner and upon the conditions that shall be prescribed by the-laws of the said corporation, and the said corporation may commence its opera tions as soon as the sum of five thousand dollars of its capital stock is subscribed, and twenty per centum paid in.

4. And be it enacted, That the said corporation shall have the power to make and adopt a constitution, by-laws and regulations for the admission, suspension and expulsion of its members and their government, the election of its officers, and to define their duties, and from time to time may alter or repeal the same, and in their corporate name may institute suits for the recovery of all fines, debts, fees, dues, and arrearages due the said corporation.

5. And be it enacted, That each member shall be entitled to one vote and no more, at any election or meeting of said association, except when voting on the disposition, or management of the real estate or personal property of said corporation, when each stockholder shall be entitled to one vote for each and every share of stock held by him.

6. And be it enacted, That this act shall take effect immediately.

Approved March 8, 1870.

May construct

a railroad.

CHAPTER CXCVII.

A Further Supplement to an act entitled "An Act to incorporate the Elizabeth and Newark Horse Railroad Company," approved March twenty-fifth, eighteen hundred and sixty-four.

1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the Elizabeth and Newark Horse Railroad Company be, and they are hereby authorized,

in addition to the railroad and branches authorized to be constructed by the act to which this is a supplement, and the several supplements thereto, to lay down and construct a railroad with all the necessary turnouts and switches thereto, and with a single or double track from the present authorized terminus of the road at or near the depot of the Morris and Essex Railroad Company, in the city of Newark, upon and along the street called Ogden street, in a northerly direction, to a point at or near the Mount Pleasant cemetery; provided, Proviso. that the right to construct the same through the city of Newark shall not vest in said corporation until the consent of the common council of said city shall first be had and obtained.

2. And be it enacted, That the Elizabeth and Newark width of Horse Railroad Company be and they are hereby authorized track. to lay and construct the road authorized to be constructed by them, of such width or gauge of track as is now established by law for other horse railroads in said city of Newark, and to change and alter the gauge of the track of said road, or any part thereof now constructed, to the width or guage of track now established by law for other horse railroads in said city of Newark.

3. And be it enacted, That this act shall take effect immediately.

Approved March 8, 1870.

CHAPTER CXCVIII.

An Act to incorporate the Wewanapee Lake Association.

1. BE IT ENACTED by the Senate and General Assembly of Names of cor the State of New Jersey, That James Turner, James W. Hig. porators. gins, James L. Benedict, John Crane, George W. Doty, John Teas, James M. Wade, Noah Woodruff, Ulysse Savvy, junior, Lewis H. Wade and Oliver Crane, and their associates and successors shall be and they are hereby constituted a body politic and corporate, by the name of "The Wewanapee Lake Corporate Association," with power to purchase, hold and improve such ject.

name and ob

Amount of capital stock.

Proviso.

ers to receive

real estate as may be necessary for the purposes of said society, and power to sell and convey the same, and all the powers, rights and incidents of a corporation, under the laws of the state of New Jersey.

2. And be it enacted, That the capital stock of said company shall be thirty-five thousand dollars, with the privilege. of increasing the same to sixty thousand dollars, which shall be divided into shares of twenty-five dollars each, and paid in by the stockholders at such time and in such manner, and in such installments as the said directors of said company may direct, and in such penalties for neglecting the payment of such installments as the said directors shall deem advisable; and such shares shall be deemed personal property, and be transferable in such manner as the company, by their by-laws, may appoint; provided, that at least thirty days notice in writing shall be given to each of the stockholders of the time when the shares are required to be paid in. Commission- 3. And be it enacted, That the above named persons, or a subscriptions. majority of them, shall be commissioners to open books and receive subscriptions to the capital stock of said company, at such time or times, and place or places, as they or a majority of them may think proper, giving notice thereof at least two weeks, by publishing the same for two weeks in some newspaper published in this state, and circulating in the county of Union; and as soon as the sum of ten thousand dollars shall be subscribed and paid in, a like publication as aforesaid, for the space of two weeks, shall be given for the meeting of the stockholders, to choose eleven directors, who shall hold their office for one year, and until others are elected. Election of di- 4. And be it enacted, That the said election shall be certified by the said commissioners, or a majority of them, who shall thereupon deliver over to the directors elected as aforesaid, the subscription books and moneys paid in, at such time and place as shall be appointed by the commissioners, or a majority of them, notice whereof shall be given to the said directors, and who shall be thereupon authorized to hold their first meeting, and commence business.

rectors.

Powers of directors.

5. And be it enacted, That all the affairs of the company shall be managed by eleven directors, to be chosen by the stockholders annually, at such time and place, in such manner, and upon such notice, as by the by-laws of said company may be directed, who shall serve for one year, and until others are chosen in their stead; and the said directors shall,

from time to time, elect a president from their body, and shall also elect and employ such other officers as they may deem necessary, and make all such by-laws, rules and regulations, as they may think proper for the regulation and government of said association, for admission to their grounds; and for the purpose of maintaining order and preventing disturbances in and about the grounds, shall have police jurisdiction within a quarter of a mile of the boundaries thereof, with power to suppress the sale of ardent spirits, or prohibit gambling or any breach of the peace or laws of this state; and the said company shall not suffer or permit their grounds to be open for pleasure or travel on the Sabbath day, nor suffer the lake or said grounds to be used for skating, fishing or boating on the Sabbath.

Improvement

low lands by

dam.

lands, &c.

6. And be it enacted, That the object of the said association shall be to improve the swamp and low lands lying above the of swamp and stone bridge, on the road leading from the dwelling house of means of a David A. Williams to the First Presbyterian Church, at Connecticut Farms, known as the west branch of the Elizabeth Town river, in the township of Union, in the county of Union, by overflowing any portion of the same, by means of a dam or otherwise, to be erected and built on said Elizabeth Town river, of such height as to create an artificial lake, and for the purpose of carrying out the provisions of this act; the president and directors, or others in their employ, shall have full power and lawful authority, at all times, to enter upon all swamps, meadow or other lands, or water lying either May enter on side the said west branch of Elizabeth Town river, above the said stone bridge, in Union township, in the county of Union; and survey the same, and locate the dam, and locate the artificial lake, roads and carriage ways; and to lay out the lands adjoining thereto, or any part thereof, into squares, parks, walks and other divisions, making such other improvements as may be found or deemed necessary, convenient or ornamental; and when such location shall have been determined upon, the said president and directors, shall cause a map to be made of all the lands and water which they may require for the purposes aforesaid, and file the same in the clerk's office of the county of Union aforesaid, and then it shall be lawful for the said association, by its officers, agents, engineers, superintendents, contractors, workmen and other persons in their employ, to enter upon, take possession of, hold, have and occupy, use, excavate and embank any such

« AnteriorContinuar »