ration may franchises of the said corporation, but subject to all the conditions, limitations, restrictions, and penalties of the said corporation of and concerning the same; and such purchaser or purchasers, and his or their associates, not less than fifteen in number, shall thereupon become a new body politic and corporate, in fact and in law, by the name of the aforesaid corporation, and shall be deemed and considered the stockholders of the capital stock of such new body politic and corporate, in the ratio and according to the amount of the purchase money by them respectively contributed; and shall be entitled to all the rights, liberties, privileges, and franchises, and be subject to all the conditions, limitations, restrictions, and penalties of and concerning the said railroad, canal, turnpike, or plank road so sold and conveyed, which were contained in the act or acts creating, or under which the aforesaid corporation was created, and the supplements thereto, so far as the same was or were in force and unrepealed at the time of such sale and conNew corpo- veyance; and it shall and may be lawful for the said new body politic and corporate, at any time within one year after such sale and conveyance, to organize themselves as a corporation by the aforesaid name, by electing a board of directors, and the election or appointment of a president and such other officers as shall or may be authorized or required by the aforesaid act or acts and supplements thereto, and to make and issue certificates of the capital stock of such new corporation to the said purchaser or purchasers and their associates, to the amount of their respective interests therein; and it shall be the duty of such new corporation, within one calendar month after its said organization, to make a certificate thereof, under its common seal, attested by the signature of its president, specifying the date of such organization, and the names of its president and directors, and transmit the said certificate to the secretary of state, at Trenton, to be filed in his office, and there remain of record; provided, that no such sale and conveyance, and organization of such new corporation shall, in anywise, affect or impair any right or rights, in law or equity, of any per organize themselves. Proviso. son or persons, body politic or corporate, not a party or parties to the suit or suits, action or actions, in which the aforesaid decree or decrees was or were made; nor of the said party or parties, except so far forth as determined by said decree or decrees; and provided also, that when any Proviso. trustee or trustees shall be made a party or parties to such suit or suits, action or actions, and their cestui que trusts, for any reason or reasons satisfactory to the court in which such suit or suits, action or actions, may be, shall not be made a party or parties thereto, the rights and interests of such cestui que trusts shall be concluded by such decree or decrees. 2. And be it enacted, That this act shall take effect immediately. Approved March 5, 1858. CHAPTER XCII. A FURTHER SUPPLEMENT to an act entitled "An act to authorize the United state and agree with of State 1. BE IT ENACTED by the Senate and General Assembly of Secretary of the State of New Jersey, That the secretary of state and the treasurer to state treasurer be, and they are hereby authorized to agree U. S. for use with the United States or with any person therefor, duly House. authorized, upon the terms and conditions upon which it shall be lawful for the United States to hold courts in the State House. 2. And be it enacted, That this act shall take effect immediately. Approved March 5, 1858. Provisions of former act extended. CHAPTER XCIII. SUPPLEMENT to the act entitled "An act relating to the powers of commissioners of deeds and the clerks and surrogates of counties," approved March nineteenth, eighteen hundred and fifty-seven. 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the authority to administer oaths and affirmations conferred upon commissioners of deeds, and clerks and surrogates of the respective counties, by the act to which this is a supplement, be and the same is hereby extended to the clerks of all the courts of record in this state. 2. And be it enacted, That this act shall take effect immediately. Approved March 5, 1858. Inhabitants authorized navigation of creek. CHAPTER XCIV. AN ACT to authorize the inhabitants of the township of Fairfield, in the county of Cumberland, to improve the navigation of Cedar creek. 1. BE IT ENACTED by the Senate and General Assembly of to improve the State of New Jersey, That it shall and may be lawful for the inhabitants of the township of Fairfield, in the county of Cumberland, to improve the navigation of Cedar creek, by erecting a canal from the lower end of Long reach to Free reach, in said creek; provided, that the rights which Proviso. any person may now have in the navigation of said creek shall be in no wise impaired; and provided further, that the Proviso. consent in writing of land owners, whose lands shall be taken for the purpose of digging said canal, shall first be had and obtained. rized. 2. And be it enacted, That it shall be lawful for the in- Tax authohabitants of the said township of Fairfield, at their regular annual town meetings, to order to be raised by taxation, such sum or sums of money as they shall deem necessary to defray the expenses of digging said canal; which said sum or sums of money, so ordered to be raised, shall be assessed and collected in the same manner and at the same time that the ordinary township taxes of the said township are assessed and collected. 3. And be it enacted, That at the same time that any sum or sums of money shall be ordered to be raised by taxation, as aforesaid, to pay the costs and expenses of digging said canal, it shall and may be lawful for the inhabitants of the said township of Fairfield, at their annual town meeting, to appoint a committee of one or more suitable persons, whose duty it shall be to superintend the digging of said canal, to whom the township collector shall pay all sum or sums of money collected for the purposes aforesaid; and it shall be the duty of the said committee to disburse the said money raised as aforesaid in the most economical manner for the digging of the said canal, and to report in writing to the subsequent town meeting or town meetings the mode in which they shall have disbursed said money. Money raisto commit ed to be paid tee. in case in 4. And be it enacted, That if a majority of the inhabitants Proceedings of said township, at their annual town meeting as aforesaid, habitants shall determine that it is inexpedient to raise any money raise money. for the purpose of digging said canal as aforesaid, it shall and may be lawful for any of the citizens of said township, interested in the navigation of said creek, to improve the navigation of the same, by digging the canal as aforesaid, first making compensation to the land owners for the injury done to said land taken for the purposes aforesaid. 5. And be it enacted, That this act shall take effect imme diately. Approved March 5, 1858. Preamble. Amount of assessment supple ments. CHAPTER XCV.. AN ACT to increase the revenues of the state of New Jersey. WHEREAS, the expenditures of state legislation are largely increased by numerous laws of a purely local or private character, annually applied for and enacted; and whereas justice demands that individuals so directly benefited should bear a portion of the expenses incurred on their behalf-therefore, 1. BE IT ENACTED by the Senate and General Assembly of on acts and the State of New Jersey, That hereafter no private act passed by the legislature of this state, hereinafter described and assessed, shall be enrolled in the office of the secretary of state, or published, or have the force and effect of law, until the party or parties asking and requiring the same shall have paid into the state treasury the following sums, to wit: On every act incorporating or chartering, or renewing or extending the corporate powers of any bank, the sum of one dollar per thousand on the largest amount of capital authorized, and on every supplement thereto, except such as provide for an increase of capital, the sum of twenty-five dollars; on every act incorporating or chartering, or renewing or extending the corporate powers of any canal, railroad, or turnpike company, the sum of one-fifth of a dollar |