Fire Engine Company of the city of Burlington, be and they are hereby constituted and declared to be a body politic and corporate, in fact and in law, by the name of the Franklin Fire Engine Company of the city of Burlington. capital 2. And be it enacted, That the capital stock of the said Amount of company shall not exceed the sum of four thousand dollars, stock. which shall be applied to the purchase of real estate, the erection of an engine house or houses thereon, and the procuring, maintaining and repairing such fire engines, hose carriages, hose, ladders, buckets, fire hooks, and such other implements and machines and to such other incidental expenses as shall to the said company appear best calculated to secure the property of their fellow citizens from injury or destruction by fire; and shall have power to borrow such sum or sums of money as may be necessary to pay for the same, and to secure the payment thereof by bond and mortgage or otherwise on the said real and personal estate. president. 3. And be it enacted, That the said company shall have Election of power to elect annually, or oftener if necessary, a president out of their own body, and such other officers and assistants as they shall deem necessary for conducting their affairs according to the constitution and by-laws, and that the said president shall keep in his custody the common. seal of the said company, and at the expiration of his term of office shall deliver it over to his successor, and in their corporate name may institute suits for the recovery of all fines, debts and arrearages due the said company. 4. And be it enacted, That the first thirty acting members enrolled in this company shall be exempt from serving as jurors in any of the courts in this state. Part of members exempt from jury duty. amended. 5. And be it enacted, That it shall and may be lawful for Act may be the Senate and General Assembly of this state at any time, to amend, modify or repeal this act, as they shall think proper. 6. And be it enacted, That this act shall take effect immediately. Approved March 16, 1859. Provisions of former act extended. CHAPTER CLVIII. AN ACT to extend the provisions of an act entitled, "An act to prevent horses, cattle, sheep and swine from running at large in the township of Clinton in the county of Essex, and the township of Rahway in the county of Union, 'to the township of Springfield in the county of Union."" 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That the provisions of an act entitled, "An act to prevent horses, cattle, sheep and swine from running at large in the township of Clinton in the county of Essex, and the township of Rahway in the county of Union," approved March fourth, eighteen hundred and fifty-eight, be and the same are hereby extended to the township of Springfield in the county of Union. 2. And be it enacted, That this act shall take effect immediately. Approved March 16, 1859. CHAPTER CLIX. AN ACT to change the name of the First Presbyterian Congregation of Freehold to the First Presbyterian Church of the county of Monmouth, and to authorize the trustees thereof to assess sums of money as a tax or rent on the pews of their church. gregation 1. BE IT ENACTED by the Senate and General Assembly of Name of cou the State of New Jersey, That the name of the First Presby- changed. terian Congregation of Freehold be and the same is hereby changed to the First Presbyterian Church of the county of Monmouth, and by that name the trustees thereof are hereby authorized and empowered to assess such sums of money, as a tax or rent upon the pews of the said church, as may be necessary to defray the annual current expenses of the congregation, to be made payable in such manner as the said trustees may direct; and in default of the payment of the said tax or rent so assessed as aforesaid, for the space of one year, the said pew or pews may be sold by the said trustees for the shortest period of time practicable, to pay all arrears thereon. take effect. 2. And be it enacted, That this act shall not take effect Act, when to until it shall have been submitted to the congregation of the said church, at their next annual meeting, on the third Tuesday of April next, and approved by two-thirds of the contributors to the expenses of said congregation who shall be present at said annual meeting, and a certificate thereof, signed by the president of the board of trustees, shall have been filed in the office of the secretary of state of this state. Approved March 16, 1859. Names of corporators. Amount of capital stock. What property may be held. Books of subscription may be opened. CHAPTER CLX. AN ACT to incorporate the "Cooper Rolling Mill Company." 1. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey, That Benjamin A. Hamell, Charles S. Garrett, S. Scull, J. C. De La Cour, Charles Sloan, P. C. Brinck and John G. Stokes, and their associates and successors, are hereby made and created a body politic and corporate in law, by the name of "The Cooper Rolling Mill Company," for the purpose of manufacturing iron, and other commodities and articles of which iron forms a constituent part, and for the transaction of such business as may be properly connected therewith; and may raise by subscription a capital of seventy-five thousand dollars, in shares of fifty dollars each, with the privilege of increasing it as hereinafter provided; and that the mills and manufactories of the said company shall be located in the county of Camden; but it may, nevertheless, be lawful for said corporation to manufacture or procure the raw material used by said mills or manufactories, at such points and places as the said corporation shall deem most advantageous. 2. And be it enacted, That the said corporation may pur chase, use, hold, possess, and enjoy any such real estate, machinery, goods, effects and chattels whatsoever, as shall be necessary and expedient to said corporation to carry on its business; and, whenever it shall see fit, the said corporation may sell, mortgage, lease, and otherwise dispose of the same at pleasure. 3. And be it enacted, That it shall and may be lawful for the associates named in the first section of this act, or a majority of them, at such time and place as they may select, to open books of subscription to the capital stock of said corporation; and whenever the sum of seventy-five thousand dollars shall have been subscribed, and at least twenty thousand dollars actually paid in, and an affidavit thereof, made by two or more directors of said corporation, shall be filed in the office of the secretary of state, it shall and may be lawful for the said corporation to commence and carry on its said business under the provisions of this act. capital stock. 4. And be it enacted, That the said corporation may, by Increase of a vote of the stockholders thereof, from time to time, increase its capital stock until it amounts to the sum of two hundred and fifty thousand dollars; and it shall be lawful for the directors of the said corporation to call for and demand of the stockholders, respectively, all such sums of money as are by them subscribed, at such times. and in such proportions as the said directors shall see fit, under the pain of forfeiture of their shares, and all previous payments thereon, to the said corporation, the said stockholders being notified at least thirty days previous to the time of payment of each instalment; and, at each increase of capital, an affidavit thereof shall be filed in the office of the secretary of state, as before provided, and the capital stock of said corporation shall be deemed personal estate, and be transferable upon the books of said corporation; and no part of the said capital stock shall be, at any time, or upon any pretence whatever, divided among the stockholders for dividends; neither shall it be withdrawn or refunded to the stockholders until all debts and liabilities of the company are fully paid, and an affidavit thereof, and of the amount of capital proposed to be withdrawn, or refunded to said stockholders, filed in the office of the secretary of state; and all stockholders may, in all questions submitted to them, and in all elections, be entitled to one vote for every share he or she holds in the stock of said corporation, which vote may be cast in person or by proxy; and all matters before said stockholders shall be decided by a majority of votes so cast. directors. 5. And be it enacted, That the stock, property, and affairs Election of of the said corporation shall be managed by not less than three nor more than nine directors, one of whom the said directors shall appoint their president, who shall be a |