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existing number of directors shall constitute & quorum,
6. And be it enacted, That the said directors shall submit Annual
7. And be it enacted, That dividends of so much of the Dividends to profits as the directors may deem advisable, may be declared at the annual meeting, or on the first days of January and July of each year, and paid to the stockholders or their attorneys at such time as may be agreed upon by the directors; provided, however, that no part of the capital stock Proviso. as paid in shall be declared in dividends until all debts due by the corporation shall have been first paid.
8. And be it enacted, That in case it shall so happen that Corporation an election for directors shall not be made on such day as designated by the act of incorporation, or the by-laws, said electonday corporation shall not be deemed dissolved thereby, but the stockholders may proceed and order and hold an election on any other day, by giving ten days' previous notice of such time and place.
9. And be it enacted, That any wood, timber, land, pro- Property reperty, or other materials used by said corporation, which payment for may be received in payment of subscription for stock, shall valued. be taken at a valuation approved by a majority of the
not to be dissolved for failure to
board of directors or a majority of the stockholders designatel for that purpose.
10. And be it enacted, That the corporation hereby authorized or created, shall possess such general powers usually possessed by corporations for their general government and the management of their affairs, and be subject to the restrictions and liabilities set forth in "An act concerning corporations," approved upon the fourteenth day of February, eighteen hundred and forty-six, so far as the same is applicable.
11. And be it enacted, That this corporation shall be limited to twenty years, and that the legislature may alter, amend, or repeal this act whenever the public good may require it.
Approved February 21, 1858.
An Act to confirm the sale of the Mount Pleasant Church, Lower Harmony,
to the Lower Harmony Methodist Episcopal Society.
WHEREAS, the church known as the Mount Pleasant
Church, situated in Lower Harmony, county of Warren, has until lately been owned by the Methodist Episcopal and Lutheran denomination jointly; and whereas the Lutherans owning a share in said church have through their trustees sold all their right and interest in the aforesaid church to the Lower Harmony Methodist Episcopal Society; and whereas it is the desire of both of the aforesaid societies that this sale and conveyance shall be confirmed and made legal, therefore
1. BE IT ENACTED by the Senate and General Assembly of Conveyaner the State of New Jersey, That the conveyance by said trus- confirmed. tees of the Lutheran Church of their right, title, interest and claim in and upon said church to said Methodist Episcopal Society of Lower Harmony be and is hereby declared confirmed and legal and binding upon said parties in accordance with the terms of said conveyance.
2. And be it enacted, That this act shall take effect immediately.
Approved February 24, 1858.
A FTRTAER SUPPLEMENT to an act entitled “ An act for the relief of persons
imprisoned on civil process," approved April sixteenth, eighteen hundred and forty-six.
1. BE IT ENACTED by the Senate and General Assembly of Debtor may the State of New Jersey, That any debtor who shall be re- bond to she
riff, &c. manded to prison under the eighth section of the act to which this is a supplement, is hereby authorized to execute and deliver to the sheriff or keeper of the jail of the county, a bond, with one or more sufficient sureties, freeholders and residents in the county, in double the sum for which such debtor was arrested or held in custody or taken in execution, to any of the creditors who shall undertake, as in said section is mentioned, conditioned that such debtor
shall in all things remaining, fully and honestly comply with the requirements of the insolvent laws of this state, and shall appear before the court according to law, and if refused a discharge, surrender himself immediately thereafter to the sheriff or keeper of the jail of the county, there to remain until discharged by due course of law; which bond, if forfeited, may be prosecuted for the use of such creditors, and on receipt of such bond, the sheriff or jail-keeper shall discharge such debtor from custody.
2. And be it enacted, That all subsequent proceedings if debtor was shall be had in like manner, as near as may be, as if the
said debtor had been remanded to prison, and been actually in prison, under such remand.
3. And be it enacted, That this act shall take effect imme
Proceedings to be name as
Approved February 24, 1858.
A FURTHER SUPPLEMENT to an act entitled “An act for the more easy
partition of lands held by co-parceners, joint-tenants, and tenants in common," approved April sixteenth, eighteen hundred and forty-six.
Part of lands may be sold.
1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That in all proceedings for partition under the act, to which this is a supplement, it shall and may be lawful to divide a part of the lands included in the application, and to sell the remainder thereof whenever it shall appear by the report of the commissioners, which
SESSION OF 1858.
shall designate the lands to be divided and those to be
2. And be it enacted, That this act shall take effect imme-
Approved February 24, 1858.
Ax act authorizing the inhabitants of the township of Howell in the
county of Monmouth to sell the church and land of the New Jersey
1. BE IT ENACTED by the Senate and General Assembly of Commissionthe State of New Jersey, That John C. Patterson, Charles property. Butcher and James Doneha, be and are hereby constituted commissioners to sell at public vendue, at such time and place as they or a majority of them may designate, the church and land of the New Jersey Missionary Society, described in a certain deed from Joseph R. Vancleaf, to Daniel Brower, John C. Patterson and Amos Shaw, trustees, and dated July third, eighteen hundred and twentynine, recorded in the Monmouth county clerk's office in book V. 2 of deeds, page 74.
2. And be it enacted, That the said commissioners be and Survivors they are, and in case of the death of one or more of them, the survivor or survivors are hereby authorized and empowered to sell and convey the lot on which said church now stands to any Protestant denomination who
to make conveyance. .