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Title vested in trustees.
whereof a question has arisen whether the said land has not escheated to the state of New Jersey, therefore,
1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That all the estate, right, title and interest which the state of New Jersey hath acquired, or may acquire, of, in and to the said lot of land and premises, be and the same is hereby relinquished and released to, and vested in the trustees of the First Particular Baptist Church, of Paterson aforesaid, and that the title to the same in fee simple, be and is hereby vested and confirmed in the trustees of said church and their assigns, subject, however, to the use thereof by the said John Jackson during his natural life, and subject also, to all the conditions and stipulations of the agreement made and entered into between the said John Jackson and said trustees, as aforesaid.
2. And be it enacted, That this act shall take effect immediately.
Approved March 15, 1859.
An Act to incorporate the Newark Tanning Company.
WHEREAS, it is represented to the legislature, that the Preamble.
persons hereinafter named and others, have associated themselves together for the purpose of carrying on at
Yames of corporators.
Amount of capital stock.
the city of Newark, in this state, the business of tanning and manufacturing into leather, bides and skins, and of carrying on and transacting business incident to and connected with the same, and to and with such tanning and manufacture, and the aid of the legislature in the promotion of their views has been requested; and it appearing to the legislature that it will conduce to the public interest to grant such aid; therefore,
1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Daniel M. Wilson, Daniel Price, William B. Guild, Isaac M. Ward, and Jobo W. Stout, Jr., and the survivors of them, and all such persons as may hereafter be associated with them for the purpose expressed in the preamble of this act, their successors and assigns, shall be and they are hereby incorporated by the name of " The Newark Tanning Company,” and by that name they and their successors and assigns are hereby constituted a body corporate and politic in law.
2. And be it enacted, That the original capital stock of said company, shall be one hundred thousand dollars, with power to increase the same to any amount not exceeding in the whole five hundred thousand dollars, which stock shall be divided into shares of one hundred dollars each.
3. And be it enacted, that the stock, property and concerns of said company shall be managed and conducted by not less than five, nor more than thirteen directors, being stockholders, a majority of whom shall be residents of the state, one of whom to be president, who, after the first directors hereinafter named, shall hold their offices for one year, and until others shall be elected in their stead; the number of said directors to be fixed from time to time by the stockholders at their annual meeting; that the first election for directors of said company shall be held on the third Tuesday of January, in the year of our Lord one thousand eight hundred and sixty, and on the third Tuesday in January, annually thereafter, at such time and place in the city of Newark, as the directors for the time being shall direct, of which election public notice shall be
Election of directors.
given in two of the newspapers printed in the city of
4. And be it enacted, That it shall be lawful for the di. Payment of rectors of the said company to call and demand from the said stockholders respectively, all such sums of money by them subscribed, at such times and in such proportions as they shall deem proper, under the penalty of forfeiting the shares by them respectively held, and all previous pay. ments made théreon, if such payments shall not be made within sixty days after notice requiring such payment, shall have been published for that time in two of the newspapers printed in the city of Newark, aforesaid.
5. And be it enacted, That in case, at any time, an election Corporation should not be made on the day specified in this act, the mail ved for corporation for that cause shall not be deemed to be dis- elect on day
prescribed. solved, but it may and shall be lawful to hold such election, on such other day as shall be prescribed by the ordinances and by-laws of said corporation.
6. And be it enacted, That the stock and property of the Stock transsaid company, of whatever nature or kind, shall be deemed personal estate, and shall be transferable in such manner as shall be prescribed by the by-laws of the said corporation; and no transfer of stock shall be valid, unless it be entered or registered in the book or books to be kept by the directors for that purpose.
7. And be it enacted, That the said corporation shall Restrictions possess the general powers, and be subject to the restric. ties. tions and liabilities contained in the act entitled "An act concerning corporations," approved the fourteenth day of February, eighteen hundred and fifty-six, and the acts supplementary thereto, and amendatory thereof, so far as the same are applicable.
8. And be it enacted, That this act shall take effect immediately, and be continued in force twenty years.
Approved March 16, 1859.
An Act to authorize the inhabitants of the township of Matavan, town.
ship of Manalapan, county of Monmouth, township of Lafayette in county of Sussex, to vote by ballot at town meetings.
Omcers to be elected by ballot.
1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the inhabitants of the township of Matavan, Manalapan, in the county of Monmouth, township of Lafayette in county of Sussex, authorized by law to vote at town meetings, are hereby authorized and required to elect by ballot, and not otherwise, at their annual town meetings, the following officers, until otherwise re. quired by law, whose qualifications shall be the same as are now or may hereafter be fixed by law, that is: a town. ship clerk, a judge of election, an assessor, a collector, one chosen freeholder, two surveyors of the highway, three commissioners of appeal, one overseer of the poor, as many overseers of the highway as there are road districts, a town committee consisting of three persons, a superintendent of common schools, as many justices of the peace as the town. ship may be constitutionally entitled to elect, one constable, two pound keepers; and shall also, upon the same ballot,
vote for the amount of money to be raised for the support of the poor, for school purposes, for the repairing of roads, and for the place of holding the next annual town meeting and the election of state and county officers.
2. And be it enacted, That the judge of election, elected Officers of at the last or any future town meeting, shall preside at and conduct the election at the next annual town meeting, and the clerk of the township shall be the clerk thereof; and the officers of said election shall be eligible to any office at said election, except that of justice of the peace.
3. And be it enacted, That the election shall open at nine Manner of o'clock in the morning and close at four o'clock in the election. afternoon of the same day, except when justices of the peace are elected, when the polls shall open and close at the same hour as at state elections, and be conducted in the same manner, and be subject to the same rules, as elections for state and county officers are or shall be; and the same duties shall devolve upon the judge of election and the clerk as are to be performed by the board of election and clerk in other elections; they shall take the same oath or affirmation as far as applicable, be invested with the same powers, and be liable to the same penalties; the same qualifications for voters shall be required, and the results ascertained in the same manner and stated according to law.
4. And be it enacted, That a plurality of votes shall be Town meetsufficient to elect any officers, or to fix the place of holding vacancies, the town meetings or the state and county elections, but a majority of the whole number shall be required to determine an amount of money to be raised or specified; and in case there shall be a neglect or failure to elect any officer by the town meeting, or to fix the place of holding the next town meeting or state and county elections, or in case of refusal of any person elected to accept the appointment, or a vacancy from any other cause, or in case two or more persons have an equal number of votes for the same office, or in case a majority shall not vote for the same sum or amount, the town committee sball, at their next meeting